FOREIGN EXCHANGES

Dominion, Volume 32, Issue 72, 17 December 1938, Page 14

FOREIGN EXCHANGES

Position Of Sterling

(British Official Wireless.)

LONDON, December 15.

The following mean closing rates on foreign exchanges were current today compared with those ruling on December 14:—

LONDON, December 15. Gold.—£7/8/8 an ounce, fine. Silver.—Spot, 201-IG<l. ran ounce; forward, 19 7-16 d.

New Zealand-Dillar Exchanges

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

U.S.A. Canadian dollars. dollars. Selling- (Per £N.Z.». (Per £N.Z I T.T. 3.711 3.75 0-16 O.D. 3.72 J 3.7513-16 Buying— O.D. 3.77| 3.81 3-16

Bradford Tops Market Quiet

LONDON, December 15. The Bradford ,tops market is quiet, with moderate business. Today’s quotations compare with those previously cabled as follows: —

Gold Mining Returns By Telegraph—Press Association. GREYMOUTH, December .16. The Netnonn dredge reports a return of 30oz. from 14,200 cubic yards worked in 122 hours. Dividends And Calls Taupo Totiara Timber —pref., half-yearly, 2 2-5 per cent. Dec. 17 Mount Lyell—final, 1/- a share Dec. 10 McKenzies Dept. Stores—iut., 7 p.c Dec. 20 Consolidated Goldfields—final 3d. a share (Stg.) Dec. 20 Blackwater Mines—int., 1 6d. a share Dec. 20 Mataki Gold—ld a share .... Dec. 21 Goldsbrough, Mort —int., 2 p.c. Dec. 21 Sulphide Corporation — pref., 1/- sterling a share, less tax Dee. 22 K. and E. Tingey—pref., int.. 3 p.c Dec. 31 British Tobacco—ord., final, 2 p.c.; int., 2 p.c. Dec. 31 Morris Iledstrom —int., 3 p.c. Dec. 31 Bricks and Mortar —int., quarterly, 2 p.c Dec. 31 Zine Corporation—second fixed pref., 2/- a share; int. participating pref, and ord., 1/6 a share; both less tax Jan. 2 National Bank of N.Z.— iut., 2} p.c., less tax Jan. -1 Wellington Woollen —int., 21 p.c Jan. 5 Komata Reefs—int.,, 3d. a share .... Jan. 6 Woolworths Properties—int., pref., 6 p.c. p.a Jan 15 National Tobacco—ord., 10 p.c.; pref., 8 p.c Jan. 31

Par. Dec. 14. Dec. 15. N. York, dol. to £ 4.SOO 4.07 3-16 4.67} Montreal, dol. to £ •1 .Still 4.721 4.724 Paris, fr. to £ 124.21 177.75 177.625 Brussels, bel. to £ 48.1111 27.73 27.76} 20.(58} Geneva, fr. to v 20.611} Amst’dam, fl. to £ 12*107 8.59} 8.60} Berlin, inks, to £ 23.43 11.64} 11.66 C’hagen, knr. to X* 18,159 22.40 22.40 St'holm, knr. to £ 23.43 19.41 19.42 Oslo, knr. to £ 18.159 19.90} 19.90} Hels’ki, mks. to £ 193.23 226.75 226.75 Prague, knr. to £ 131.25 136.50 136.50 Madrid, pes. to J25.225 —— —■ Lisbon, esc. to .C 100 110.125 110.125 Milan, lire to 92 8813-16 88.875 Athens, drac. to 375 147.50 547.50 Bucharest, lei to 813.60 660 660 Belgrade, din. to £ 2711.31 210 209 Rio de J., p. to mil. 4.99 3 1-16 3 1-1U B. Aires, p. to pesa 47.G2 20.64} 20.64} M. Video, p. to peso 51 IS 18} Calcutta, p. to nip. 18 17 59-64 17 59-64 Shanghai, p. to dol. 18 8} 8} IL Kong, p. to dol. — 15 15 Y’hama, p. to yen 24.582 14 14 Batavia. 11. to £ 12.107 8.57 8.59

Nov. 24. Dec. 1. Dec. 8. Dec. 15. Merinos— d. d. d. d. 70’s .... .. 27 27 27 27 64s’ .... .. 25$ 25$ 25$ 25 6O’s .... Crossbreds — .. 24$ 24$ 24$ 24 .. 21$ 21$ 21$ 21$ 56’s .... .. 19 19 19$ 19$ 5O’s .... .. 17 17 17 17 46’s .... .. *16 *16 *16 *16 40’s .... .. ‘16 *16 *16 *16