LONDON WOOL FUTURES

Press, Volume XC, Issue 27309, 27 March 1954, Page 8

LONDON WOOL FUTURES

(N.Z. Press Association—Copyright) LONDON, March 25. The closing tone of the wool futures market was very steady. Quotation!

BRADFORD TOPS | QUOTATIONS (N.Z. Press Association—Copyright) LONDON, March 25. Bradford tops quotations are:—Merino; 70’s, 151 d per lb; 64’s, 140; 60’s. 128 d. Crossbred: 56's, 98d; 50’s, 83d; 46’s, 81d. LONDON METAL MARKETS (N.Z. Press Association—Copyright) LONDON, March 25.

COMPANY NEWS Farmers* Trading, Auckland Issue,— This company is offering 250,000 “C” 5 per cent, preferences shares of £1 each at par to all classes of existing shareholders. The issue will increase the paid capital to £1,250,000, consisting of 627,622 ordinary shares, 134,887 ’'A” preference of 5 3-5 per cent., 112,491 “B”’’preference of 5 3-5 per cent., and 375,000 "C” preference shares, all of £1 each. Shareholders may apply for a minimum of 100 new shares and no allotment of less than 100 will be made. The shares are payable 10s on application by May 3 (up to a maximum of £250), and 10s before June 25.—(P.A.) Aust. Iron and Steel.—A half-yearly preference dividend of 32 per cent, is payable on May 1, ex div. April 17.—(P.A.) Reid (N.Z. Rubber.—An interim preference dividend of per cent, is payable on April 12, ex April 5.—(P.A.) MINING Clutha River.—For the week ending March 19, the dredge of Clutha River Gold Dredging, Ltd., operating at Alexandra, worked 123 hours and recovered 114 ounces of gold.—(P.A.) Snowy River Dredge.—The Snowy River Gold Dredging, Ltd., during the fortnight ended yesterday won a total of 1360 z of gold from 50,000 yards of material excavated in 265 hours. BANK OF ENGLAND RETURN (N.Z. Press Association—Copyright) LONDON, March 25, Latest returns from the Bank of England are: Issue Department.—Notes in circulation, £1,565,800,00; notes in banking department, £59,600,000; other Government securities, £1,610,800,000; other securities, £7oo,ooo;'silver coin, £2,500,000. Banking Department.—Rest, £4.000,000; public deposits, £17,100,000; bankers' deposits, £281,000,000; other accounts, £64,500.000; Treasury special account, £1,000,000; Government securities, £293,800,000; discounts and advances, £7,500,000; other securities, £18,600,000; notes and coin, £62,200,000. Ratio of reserve to labilities, 17.10 per cent. Bank of England discount rate, 3) per cent.

are:— Buyer. Seller, d. per lb. d. per lb. May .. ..141 1411 July .. .. 1401 1401 September .. 138 1381 October .. 1363 137 - December .. 1343 13? January .. 1331 1335 March .. .. 1324 132J May ... .. 1301 1311 , July .. .. 1291 130 September . • 1283 1291

Metal quotations are as follows:— Buyers. Sellers. £ s. d. £ s. d. Tin— Spot •• .. 725 0 0 730 0 0 Forward .. 690 0 0 692 10 0 LeadSpot »« .. 87 10 0 88 0 0 Forward .. 86 10 0 86 15 0 Zinc — Spot .. .. 75 15 0 75 17 6 Forward •• 74 5 ’0 14 15 0 CopperSpot .. .. 238 0 0 239 0 0 Forward .. 229 0 0 229 10 0