RUBBER SHARES ADVANCE

Dominion, Volume 31, Issue 104, 27 January 1938, Page 12

RUBBER SHARES ADVANCE

London Stock Exchange MARKET OTHERWISE QUIET By Telegraph.—Press Assn—Copyright. London, January 25. The price of rubber rose sharply as a result of the international committee’s decision to cut the quota to 60 per cent. The spot quotation is 74d. a lb., and the April-June quotation 7 5-Bd. Shares in the leading companies were also marked up, otherwise the markets remain abnormally quiet, except giltedged stocks, which continue to improve. Quotations of bank shares, and other corporation debentures and stock compare with previous quotations as follows:—

Other . quotations include : —Clutha River Company, buyers 1/104, sellers 2/14; Molyneux River Company, buyers 1/3, sellers 1/44. Sydney Stock Exchange Closed By Telegraph.—Press Assn.—Copyright. Sydney, January 26. To-day is a public holiday, and the Stock Exchange is closed. FOREIGN EXCHANGES Position Of Sterling By Telegraph.—Press. Assn.—Copyright. London, January 25. The following menu closing rates on foreign exchanges were current to-day compared with -those ruling on January 24:

t Market Rale, f Sellers Official. Price of Gold and-Silver. London, January 25. Gold.—£6/19/7 an ounce, fine. Silver.—Spot, 20d. an ounce; forward, 19 13-166. On New Zealand Currency Basis The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday:—

'Pho Associated Banks (other than tlie Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice.

N.Z. Pound Abroad Based on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with Its original par value, is equivalent to approximately:— 16/1 in London. £l/o/l in Australia. 16/5} in U.S.A. 16/5} in Canada. ll)/5 in France. 16/5} in Italy. 9/8} in Germany. 11/10 in Java. £l/8/1 in Japan. Loloma Gold Mines Highly profitable values have beeu reported by Loloma (Fiji) Gold Mines, N.L., in extending the south drive at the 224 ft. level off the main east cross-cut at 60ft. Operations 'are now in the southern shoot. The average assay value from 462 ft. to 474 ft. was 17dwt. a ton over a width of 57in. From 474 ft. to ■lB6ft. low values were encountered, and from -486 ft. to 503 ft. the assay value was 23dwt. a ton over a width of 60in. The development proves the downward continuance of the values disclosed at the 120 ft. level, and will augment the existing ore reserves. Reviewing operations at the annual meeting in December, the chairman of directors, Mr. P. F. Cody, emphasised that it was the intention of the board to proceed with work at the 224 ft. level as rapidly as possible. Connections would be made by winzes and rises with the 120 ft. level.

.Ian. 11. J an. 25. £ s. d. £ s. d. Bank Australasia . S 10 0 8 7 6 U.S. and A 4 6 0 4 0 Union o£ Aust. ... 7 8 9 ( 0 0 New South Wales 26 J. 6 26 0 0 National of N.Z. . 2 0 0 -< 0 0 Bank N.Z; 1 13 0 1 13 British Tobacco . 1 19 0 1 19 0 Goldsbrough Mort 1 <J •-» 1 4 9 Dalgety 6 15 b 6 8 P. and O. Defd. . . t <_> 0 1 4 -» N.Z. Bonn and . Merc. 4 p.e. del). 1)3 0 0 93 0 0 N.Z. Xjoan and Merc, (ord.) ... 39 0 0 38 0 0

N. York, dol. to ~ Par. J an. 24. 4.8GB 4.999Jan. 25. 4.99 11-16 Montreal, dol. to ££ 4.80(5 4.991 4.99$ Paris, £r. to Al 124.21 150 5-16 152 Brussels, bel. to Al 48.011 29.58 29.61 Geneva, t’r. to Al 25.225 21.63 21.635 Amst’dam, fl. to £ 12.107 8.96$ 8.974 Berlin, inks, to AA 23.43 12.402 12.41 St’holm, knr. to Al 18.150 19 JO 19.40 C’hagen, knr. to J? 18.159 22.40 22.40 . Oslo. knr. to £ 18.159 19.90 19.90 Vienna, sehgs. to Al 34.585 26.50 26.50 Prague, knr. to Al 134.25 142 7-16 142 5-1G Hel’fors, inks, to Al 193.23 I >26.125 226.125 Madrid, pes. to j? 25.225 __ Lisbon, ese. to Al 100 110 3-10 119 3-16 Milan, lire to Al 92 95 94 15-16 Athens, drac. to Al 375 i 547.50 547.50 Bucharest, lei to Al 813.CO 677.50 677.50 Belgrade, din. to Al 276.31 216 216 Rio de J., p. to mil 4.899 +2 13-10 42 27-32 B. Aires, p. to pesa 47.02 — — M. Video, p. to peso 51 $244 J24i Calcutta, p. to rup. 18 18$ IS* Shanghai, p. to dol. IS 14 3-16 14 3-10 H.-Kong, p. to dol. 13 15 X’haina. p. to yen 24.582 14 14 Batavia, il. to Al 12.107 8.95 8.95

New Zealand Buying. Selling. on London T.T. 124 124/10/£N.Z, to £stg. 100 O.D. 123/10/-12-4/8/0 Australia T.T. 101 ' 100/10/£AtO £N.Z. 100 O.D. Fiji £Fto £N.Z. 100 T.T. O.D eo/7/o 89 New York T.T. 4.0400 4.0061 Doi. to £N.Z. . O.D. -1.0500 4.0101 Montreal T.T. 4.031)0 4.0071 Doi. to £N.Z. . O.D. 4.0516 4.0111 Austria T.T. — 20.05 Sehgs. to £N.Z. O.D. — 20.00 Belgium T.T. 23.993 23.6S3 Bel. to £N.Z. . O.D. 24.068 23.694 Czechoslovakia ... T.T. — 113.51 Krs. to £N.Z. . 0.1). — 113.56 Denmark T.T. 18.203 17.890 Knr. to £N.Z. . O.D. 18.263 17.809 Finland T.T. 184.07 179.17 Mks. to £N.Z. . O.D. 185.37 179.27 France T.T. — 121.20 Frs. to £N.Z. . O.D. — 121.33 Germany T.T. — 9.900 Mks. to £N.Z. . O.D. —— 9.905 Greece T.T. — 429.54 Drac. to £N.Z. . O.D. —- 429.84 Holland T.T. 7.310 7.160 FIs. to £N.Z. . O.D. 7.350 7.161 T.T. 76.12 Lire to £N.Z. . O.D. — 76.17 J* a r a T.T. 7.283 7.133 FIs. to £N.Z. . O.D. 7.323 7.137 Norway .. T.T. 16.182 15.892 Knr. to £N.Z. . O.D. 16.242 15.898 Noumea T.T. —- 120.04 Frs; to £ N.Z. .. O.D. 120.08 Papeete T.T. — 120.09 Frs. to £N.Z. . O.D. — 120.13 Sweden T.T. lu.788 15.493 Knr. to £N.Z. . O.D. 15.848 15.499 Switzerland .... T.T. 17.504 17.204 Frs. to £N.Z. . O.D. 17.6G9 17.295 Chefoo T.T. — 18J N.Z. d. to Doi. . O.D. — 18 7-64 Hong-Kong .... T.T. 18 29-(54 18 53-64 N.Z. d. to Doi. . O.D. 18 27-04 18 53-01 India and Ceylon . T.T. 228 22 21-32 N.Z. d. to Rup. . Japan O.D T.T. 22 11-32 22 21-32 - 17i , N.Z. J. to Yen . O.D. — J <5 Manila T.T. 20 39-114 30 7-64 N.Z. d. to Peso ■ O.D. 29 33-6-1 30 7-64 Shanghai T.T. — 18 0-64 N.Z. d. to Doi. . O.D. —■ 18 9-64 Singapore n’ t. 34 23-32 35 13-64 N.Z. YI. to Doi, . O.D. 34 8 35 13-64

U.S.A. Doi. Canadian Doi. Selling: < Per £1 N.Z.) (Per £1 N.Z.) T.T. 4.00} 4.00} O.D. 4.01 3-10 4.01 3-10 Buying: O.D. 4.05 3-10 4.05 3-10