British Treasury Bills

Dominion, Volume 33, Issue 136, 4 March 1940, Page 10

British Treasury Bills

(British Official Wireless.) LONDON, March 1. The total amount applied for ill tenders for £55,000,000 of Treasury bills was £108,230,000. The average rate per cent, for bills at three months was 24/8.81d., against 20/4.74d. a week ago. Prices Of Metals By Telegraph.—Press Assn.—Copyright. LONDON, .March 1. Prices of metals are as follows Tin: Spot, £252/15/- to £253/5/- a ton; forward, £252/10/- to £252/15/- a ton. Dig-iron: 111/- a ton (same). Antimony: British, £lOO to £lO2 a ton (same) ; foreign, £BO to £B5, nominal (same). Molyibdenite, 45/0 to 47/6 a unit, nominal (same). Wolfram: Chinese, 50/6 to 60/6 a unit, nominal (same). Stock And Share Indices By Telegraph—Press Assn.—Copyright. LONDON, March 1. Today’s stock indices compiled by the “Financial Times,” with previous quotation, are (October 15, 1926, equals 100):

Gold Mining Returns The White's Electric dredge returned 21 ounces for .100 ho-ursf from 5500 yards. 'The Worksop Extended dredge returned 40 ounces for 318 hours from 18,000 yards. Big River Report Big .River Gold Mines, Limited, report for week ending February 29: —No. a level, north stope: Stone south end 4ft. Gin., north end 3ft. No. 6 level, south block: Stone 4ft. wide, Gft. below love*. No. 6 level: Advanced sft.; total 15ft. Stone Sin. wide still in face. Shaft: Sunk 7ft.; total 124 ft. Battery: 72 tons stone sent to the battery. The Chemical Trade Though Germany probably remains the world’s largest chemical producer, the effect of the Allies’ blockade on her exports is giving the United States chemical industry a decided advantage in supplying the needs of many countries. During the last war the United States chemical industry was in an infant stage. Today it is a major industry, and with few exceptions, is self-sufficient and able to compete with foreign suppliers in the home market. A sizable export business had been developed before the present war. but lower costs of production abroad made it impossible for American producers to compete successfully in far away fields. When the war began, there was an immediate rush from most parts of the world to purchase drugs and chemicals from American manufacturers, but. geared as most of them were to normal domestic needs, many of these orders were turned away, even though presenting opportunities for higher prices, in order to take care of domestic trade first. There has been a large increase in exports, and where increased facilities were available, they have been turned info increased production. Exports between September 1 and the beginning of February have been far greater than in any corresponding period of recent years. Bricks And Mortar, Ltd. The directors of Bricks and Mortar, Lid.. Sydney, will make a new issue of 1(5,0-11 shares of 5/- each at par in the proportion of one for every 15 held at March 9. Dividends will accrue from April 1. on the amounts paid.

Govt. Home IndusGold sec’s. rails. trials. mines. Jan. 22 109. t 4S.0 95.4 196.5 [Felb. 5 .1092 52.0 95.8 190.4 [Feb. 1'3 109.1 57.0 06.5 186.0 Kdb. 20 109.0 56.4 98.0 1S7.2 IM). 26 109.8 56.2 100.7 190.1 [Feb. 27 109.8 55.9 100.8 188.9 March 1 109.9 54.1 101.6 195.9