COMMERCIAL

Evening Post, Volume CXXIX, Issue 120, 22 May 1940, Page 5

COMMERCIAL

FOREIGN EXCHANGES

(By Xeleerapb—l'ress association.—Copyright.)

(Received May 22, 12.5 p.m.)

LONDON, May 21. Today's closing rates for foreign exchanges in relation to sterling compare with those previously cabled as follows: —

PRICE OF SILVER,

(By Telegraph—Press Association —Copyright.) (Received May 22, 12.5 p.m.) LONDON, May 21. Price of Silver. —22 9-16 d per oz standard; 24 3-8 d per oz fine.

The.prices on May 20 were 22 5-8 d standard; 24 7-16 d fine.

BANK SHARE PRICES FALL

(By Telegraph—Press Association —Copyright.)

(Received May 22," 12.5 p.m.)

LONDON, May 21

On the London Stock Exchange quotations of bank shares and - other corporation debentures and stocks compare with previous quotations as follows:—

DOW JONES'S AVERAGES FALL

(By Telegraph—Press Association —Copyright.) (Received May 22, 12.5 p.m.) NEW YORK, May 21. Dow Jones's averages (1926- equals 100) and turnover on the New York Stock Exchange today are as follows: — ■

RUBBER QUOTA 80 PER CENT.

(By Telegraph—Press Association —Copyright.) (Received May 22, 12.10 p.m.)

i * LONDON, May 21. The International Rubber Regulation Committee has fixed the export quota at 80 per cent, for the six months ending December, 1940. The quota is unchanged, and"has remained at 80 per .cent, since December.

TIN IN NEW YORK

(By Telegraph—Press Association —Copyright.)

NEW YORK, May 20 Tin is quoted at 54 cents a lb.

The price on May 16 was 52.50 cents a lb.

PRICE OF TIN.

(By Telegraph—Press Association —Copyright.) (Received May 11, 12.5 p.m.) LONDON, May 21. Tin is quoted as follows: —Spot, buyers £270 10s, sellers £270 15s; forward, buyers £268 ss, sellers £268 15s. Prices of other metals are unchanged.

Spot buyers on May 20 quoted £269 10s; sellers asked £270.

NEW GUINEA GOLD SHARES.

(By Telegraph—Press Association —Copyright.) (Received May 22, 12.5 p.m.) LONDON, May 21. New Guinea Gold shares, Is B|d.

Par. Xew York — Ools. to £ .. 4.S5C ParisFrancs to £ . 121.31 Geneva — Francs to £ .. 25.225 Kame— Lire to £ 92 Hong Koiik — d. to dol — Shanghai— d. to dol — Kobe — d. to yen 24.5S2 Buenos Aires — d. to peso .. 48.82 May 20. 4.03 176% 17.90 64.00 14 15-1G 17 9-16 17.175 May 21. 4.03 176% 17.90 64.00 14 15-16 4 3-32 17 3-10 17.175

May 7. May 21. £ s. d. £ s. d. Bank of A'asia . *7 7 6 6 18 9 E.S. and A *3 9 6 3 7 6 Union of Aust. . *5 14 0 5 10 0 N.S.W *f 21 15 0 20 10 0 Nat. of N.Z *1 5 0 110 Bank of N.Z. ... *1 10 0 1 7 .0' British ToWacco *1 16 6§ 115 0 Goldsbrough/Mort *1 2 3 1 0 6 Dalgety ........ *5 17 6 5 15 0 P. & O. Defd. .. 1 1 4i 10 0 N.Z. Loan and deb! C" P'.°' *79 0 0 77 0 0 N.Z. Loan and n _ . Merc, (ord.) .. *26 0 0 26 0 0 ♦Nominal. tEx dividend. May 21 prices are all nominal. ,

20 Ballroads. April 1 30.73 May 1 30.52 May 10 ....; 29.T9 May 13 .... 27.83 May 14 .... 26.54 May 15 .... 25.89 May 16 .... 26.20 May 17 24.81 May 18 23.G5 May 20 23.98 May 21 22.15 30 Industrials. 147.72 147.13 144.77 137.63 128.35 129.09 130.43 124.20 122.43 122.43 114.13 Shares sold. 750,000 810,000 2,090,000 2,560,000 3,680,000 2,770,000 2,350,000 3,070,000 l.GfiO.OOO 1.240,000 3,040,000