FOREIGN EXCHANGES

Dominion, Volume 33, Issue 85, 4 January 1940, Page 4

FOREIGN EXCHANGES

Position Of Sterling By Telegraph.—Press Assn.—Copyright. LONDON, January 2. The following mean closing rates on foreign exchanges were current today:— Par. January 2. N. York, dol. to £ 4.866 4.03 Montreal, dol. to £ 4.866 4-45 Paris, francs to £ 124.21 1761 Brussels, bel. to £ 48.611 23.87 c Geneva, fra. to £ 25.225 17.875 Amsterdam, 11. to £ 12.107 7.53 Berlin, marks to £ 23.43 — C’hagen, kn r. to £ 15.159 20.31 St’holm, knr. to £ 23.43 16.110 Oslo, kroner to £ 18.129 17.70 IJels'ki, mks. to £ 193.23 — Madrid, pcs. to £ 25.225 — Lisbon, esc. to £ 100 110.25 Milan, lire to £ 92 77.50 Alliens, drac. to £ 375 540 Bucharest, lei to £ 813.60 — Belgrade, din. to £ 270.31 — Rio de J., p. to mil 4.99 — B. Aires, p. to pesa 47.62 — M’Video, p. to peso 51 — Calcutta, p. to rap. 18 IS 11. Kong, p. to dol. — 14 31-32 Yokohama, p. to yen 24.552 14 9-32 Shanghai, p. to dol. • — 4 11-16_ Batavia, florins to £ 12.107 7.41/7.54 LONDON, January 2. Gold.—£B/8/- an ounce, line. (Silver.—Spot, 22d. an ounce; forward, 23 : 1d.

New York Stock Exchange

By Telegraph,—Press Assn.—Copyright. NEW YORK, January 2. < The turnover on the Neiv York Stocx Exchange today was 580,000 stocks and shares, compared with 1,050,000 last Thursday and 1,150,000 on Wetjpesday.

North Kalgurli Production

North Kalgurli (1912) Ltd., West Australia, reports that during the month of November 11,645 net tous was _treated, 9273 tons, from stoping and 2372 tous from development. Revenue from ore treated, including estimated gold premium was £40,705. Expenditure: Mining and treatment (including cost of excess ore broken in stopes during the month), £16,003. Development, £4769. Diamond drilling, £123. Surface equipment, £291, and special expenditure surface equipment. Croesus Proprietary lettse, £4133. Development for the month 1074 feet.

Mount Lyell Production

The Mount Lyell Mining-and Railway Co.. Ltd. has issued the following progress report for the fortnight ended December 20 :—North Lyell: Tons extracted 2594. Crown Lvell: Tons extracted 1439. West Lyell: Tons extracted 41,002. New ore transfer pass', construction work in progress. Lyell Comstock : Tons extracted 3388 No. 10 level. No. 2 mullock pass rise extended 6ft. to 96ft. through ore (completed) ; main shaft sunk 6ft. to 1 10 ft. (103 ft. below No. 10 level) through conglomerate and porphyry. Reduction works: Furnace in blast full period; 2214 tons refinery anodes made for current year. Concentrator: Mill operated 336 hours and treated 47.944 tons ore. producing 1981. tons concentrates. Copper refinery: Tank House in operation throughout fortnight. 530 tons cathode copper being produced for period. Total for current year 2799 tons.

Prices Of Metals

By Telegraph.—Press Assn.—Copyright. LONDON. January 2. The price of tin is quoted as follows: Spot, £246/5/- to £246/15/-; forward, £246 to £246/5/-. The prices of other metals are unchanged. „ NEW YORK, January 2. The price of tin is quoted at 45.75 cents a lb.