BUSINESS DRAGGING

Evening Post, Volume CXXVII, Issue 92, 20 April 1939, Page 12

BUSINESS DRAGGING

LONDON STOCK EXCHANGE

GILT-EDGED MARKET WEAK

<By Telegraph—Press Association— Copyright.) (Received April 20, 11 a.m.) i LONDON, April 19. fhe gilt-edged investment section of the market is subject to continued selling pressure. It has now declined by almost a point, due to the uncertainty of the outlook for interest; rates, and the imminence of the Budget is a further restraining factor. Other sections of the stock and share markets show no increase m the volume of business. DOLLAR AND STERLING (By Telegraph—Press Association— Copyright- > (Received April 20, 10.30 a.m.) LONDON, April 19. Sterling exchange, London: on New York, 4.68 dollars. __—.— I Dollars. A«ril 18 ••••• 4.68 1-16. ISril 17 V- ........... 4.681-8 . AOTil 14 ' .............. 4.68 1-10 A8rfl 13 4.68 1-8 A?riiii :::::::: 4.gi-i6 April 6 4.68l-8 a?Si * ::::::.: March 31 ••• 4.68| March 1 ■•• 4.68| February 1 -• 4.67 4 December 1 i.-. 4.68 November 1 ■•• HIjl October 1 • 4.82* March 1, 1938 5.02 .. London on New York August 2, 1938 was quoted at 4.90| dollars to £1 sterling, but during the European crisis on September 28 the rate was 4 63, and during October varied between 4.78£ and 4.75 3-8d. During January, 1939, the range was from 4.62| (January 4) to 4.68 1-8 (January 31); during February from 4.68 (February 8) to 4.691 ■ (February • 25), and during March from 4.68 (March 31) to 4.70 (March 11). —— * PRICE OF GOLD .• ■ (By Telegraph—Press Association— Copyright.) (Received April 20, 10.30 a.m.) / LONDON, April 19. The price of gold per fine ounce is 148s 6£d. April 18 148 6 April 1 ...;.... 148 6 March 1 148 5 ■ .February 1 148 U January 31, 1939 148 6 December 1 ... 143 6| November 1 Jf» . ?? ' October 1 144 U September 1 143 0£ Augttst 2 141 8 July l 140 9 June 1 140 7* May 2 139 6$ April 1, 1938 140 0£ During the European crisis at the end of September, 1938, the price reached 147s (September 28). On January 4, 1939, a record price of 150s 5d was made. The price between March .1 and March 31 varied from 148s 2£d to 148s. 6£d. ... I 1 ! I FRENCH FtfANC JBy Telegraph—Preaa Association —Copyright.) -. (Received April 20, 10.30 a.m.) LONDON, April 19. Sterling exchange on Paris, 1761 francs to £1. • . Francs. April 18 • 176§ 1938. May 7 ..,. 8 May 4 168| March 26 16315-16 Par with sterling, 123.31 • francs to !£.l. —_—_>———_i — I JAVA EXCHANGE. (By Telegraph—Press Association—Copyright.) (Received April-20, 10.30 a.m.) LONDON, April 19. Sterling exchange, 8.80 guilders to £1. • _____ The rate on April 18 was 8.80£. Par I "with sterling is 12.11 guilders to £1. WAR LOAN AT LOW FIGURE (British Official WireleBS.) (Received April 20, 10 a.m.) RUGBY, April 19. British 3£ per cent. War Loan is quoted at £93 5s. The price on April 17 was £93 15s. DUNEDIN BREWERY DIVIDEND. (By Telegraph—Press Association.) DUNEDIN, April 19. The Dunedin Brewery Co. has declared a final dividend of 3| per cent., making 6£ per cent, for the year. UNA HILt, MINE. Una Hill Consolidated Gold Mines reports: During the broken period ended April 14 inclined drive advanced 8ft, making 94ft down from No. 4 adit level. Advantage taken of Easter break to install a pump to deal with small quantity of water coming at lower depth. MOl!,YNEUX DREDGE SHARES IN LONDON. XBy Telegraph—Press Association—Copyrights) (Received April 20, 11 a.m.) LONDON, April 19. Molyneux dredge shares, buyers 3d, sellers 6d; Clutha River, buyers Is, sellers Is 6d. BRITISH REVENUE DOWN. (British ' Official Wireless.) LONDON, April 18. The Treasury returns show total ordinary revenue at £27,993,168, compared with £28,506,981 a year ago. Total expenditure, less self-balancing items, was .£46,650,870, compared with £42,348,997.