FOREIGN EXCHANGES

Dominion, Volume 33, Issue 283, 24 August 1940, Page 14

FOREIGN EXCHANGES

Position Of Sterling

(By Telegraph—Press Assn. —Copyright.) LONDON', August 22.

The following uipan closing rates on foreign' exchanges were current today:—

‘Dealings suspended. LONDON, August 22. Gold.—£B/8/- an ounce, fine. Silver.—Standard, 23}d. an ounce; fine. 25 1-IG<l.

New Zealand Exchanges Telegraphic rates of exchange. New Zealand on the overseas centres mentioned, were quoted yesterday by the Bank of New South Wales as follows:—

Arahura Gold Dividend Araltura Gold Dredging, Lltl.. Inis ifdrised the Stock Exchange Association that .the directors have declared a second dividend of 1/- a share on ordinary and deferred shares, payable on Auguat 31. The share transfer books will be closed from August 26 to 31. both .days inclusive. N. Auck. Farmers’ Co-operative A protit of £5326. against £41.0-1 in the previous year, is shown in the accounts of the North Auckland Farmers’ Co-operative, Limited, for the year ended June 30. Depreciation bus been written off, but provision has yet to he made for taxation. A dividend of 3 per cent, on preference shares is recommended, against 4} per cent, in the previous year. There has been no ordinary paynteiil for some yea rs. 'file balancing total is £14,219 lower at. £180;.0t3. I’aiil capital, remains til. £97.198. Liability to the bank is £15,616 lower at £49,177. Creditors are up by £1175 to £20.2-17. Among the assets, debtors have fallen to £91.743. a reduction of £21).314. Slocks at £41,482 show att increase of £7015. I’roperties. etc., are £3S.9'i7. against £38.952 a year ago. i Taupo Totara Timber 'Taxation Ii) th<* report <»f the nniiunl nieetiiig of the Taupo Tofara Timber Co., T/td.. printed in this column yesterday, a typogr:ipbie:il error made it appear tlujt provision for taxes) amounted !•> 1’151!’. The actual amount was £15,019. Bradford Woollen Industry (Bv Telegraph— Press Assn. —Copyright.) LONDON. August. 22. Bradford reports that a fair amount of Government business is passing, especially in knitted wear. This has caus'ctl some' activity in the hosiery yarns section. The civilian market is quiet, but there are occasional trunsiiclioits. The general trend of quotations for yarns favours buyers. The Price Of Kubber IBv Telegraph- Press Asm. - Copyright.) LONDON, August 22. The price vt rubber is quoted hi

Dow Jones Averages

(Bv Telegrtioti Press A»sa. — trictic.> NEW YORK, August 22. Dow Jones averages (1926 equals 100) and turnover on (he New York Slock Exchange compare as follows:—

Highest iu 1939 Railmatls. 35.90 (Septcitiber 27). industrials. 151.22 (September 12). Lowest: in 1939: Railroads’. 24.15 (April 18) : industrials. 121.4 (April 8) Wellington Poultry Market Price.-? of live poultry in the Wellington market litis week are quoted by Townsend and I’.-uil, Ltd., as follows:— i Fowls —While Leghorn's: Hens, 4/to *l/9 each; cockerels. 1/- to 1/3 a lb.; pullets, best. 5/6 to 8/-.* each: others. '■’>/- to 5/-. Black Orpingtons: Ileus, .heavy, 5 '- to 7/6; iiicdiiiin. 3/6 to s'-; cockerels, heavy. 1- to 1/3 a lb.; medium. 1/- to 1/3. Rhode Island Reds: Cockerels, licitv.y, 1 - to 13 a lb. Duck.*-'—lttditiii Runner: Young. 5/to 7/- eaeli: old, to 3/-. White: Young, 7/- to 9/-: heavy, 5 '6 to 6/6. Geese. 4/6 Io 7.'- cneln 'Curkeys, 1 /- to 1/2 a lit. Boring For Oil (I’V 'reieul' ’ - »<-■;>r >■>>!. I GISBORNE, August 23. Tlte weekly report, of the New Zealand Petroleum Co.. 1.1 d., states that in lite Morere well, retiming to flic full size of I'Jlitt. lilts been completed to llOSft. Drilling litis been resumed at the present , depth of 1115 ft. The formation is bard. I sandy shale. The Mblhirs-i bore has reached a I depth of 1.815 ft. The bottom is at preisfijif, in. 80 ft

Pa r. August 22. New York, dollar .. to £ •1.866 •1.03 Montreal, dollar ...to £ 4.81 Ml 4.45 Paris. francs to £ 124.21 * Geneva, francs .... to £ *’.» I 17.70 Stockholm kroner . to £ 23.43 1 o.uo Lisbon, esc to £ joo 110.25 M ilan, lire to £ jt * * — Athens, drac to £ 375 346 Rio do J .. d. to mil .... •t.99 — B. Aires, d. to pesa 47.62 17.065 Monte A ideo. d. to peso . 11 — Calcutta, d. to rupee ... 18 18 .Shanghai, d. to dollar .. — 3 47-6-1 Hong Kong. d. to dollar — 11 31-32

On. Buying. Selling. New York, dul. to AT N.Z. 3 23 1 ~ 3.2050 Montreal, dol. to 4 * » 3.003V 3.5230 Greece, llrae. . to .£ n’z’ — 4.12.70 Java, florins . to AJ N.Z 0.187 6.004 IT. Kong, N.Z.d. to dol. 18 21-0-1 19 India & Ceylon. N.Z.d. to rupee .... 22 5-32 22 -19-64 Manila. N.Z.d. to peso ■ 36 11-10 37 7-16 Shanghai, N.Z.d. to dol. — 5 15-32 Singapore. N.Z.d. to dol. 34 41-64 ■ 15 -11-04

000’011 OI-’OSI GO’lo ’” 06 -“V OOO’OI'o ll!.o 1 S‘_’’9«' ’ ’ / Oo (100’0 IK SJl’loL ll’flo ’” 91 Xiiy OGO’Ooo IO’KgI i:i’9o ci Mtiy 000’01!) SG'ool '.T’9g ’” b'l ’“'>V OGO’OOo or.’io i Belo •” <"| ’i'liV ooo'osi GG’flol OS’OT: oi. ’liny 000 Del 9!.”9oL 90’9o ■••• f; ’Muy 000*091i’L'97; i oO’ut; ’ ••• 19 A’[Uf 000’011 * Algol IILg •“ to auiif OOO’OL’9 Ul’ll-I 99’01: OOO’OOS IG’ll’l 10’If: ••• fl ’J»n’ 000’015 Of-’S'fl Di-’lf: ' ’ R ’<1M •Pios S|Ul.l|Stiptll •spvoa 1 S6.1 IllJiS OR I!'-"J 0‘-