FOREIGN EXCHANGE RATES,

Evening Post, Volume CXXXIV, Issue 64, 12 September 1942, Page 9

FOREIGN EXCHANGE RATES,

Telegraphic excliauge rate? on overseas centres, supplied by the Bank of Xew South Wales, are as follows:— T.T. T.T. On Buying- Selling. New York. ciol. to £NZ 3.3542 3.2050 Montreal, dol, to £NZ .. 3.6039 3,5290 Ceylon, pence to rupee .. 22 3-1 h 22*4 India, pence to rupee .. 22 3-16 22% S. Africa. £SAlooto £NZ 123 125% London. £stlOO to £VZ 124% 125 Australia, £NZlooto £A lOOVj 100 Fiji, SNZIOO to £F ... 90 88? i LONDON SHARE INDICES. LONDON, September 10. "Finnmia] Times" indices (1926 equals 100) :— Govt. Home Indus- Oold4ec'«. rails, trials, mines. Sept. "< 114.H 57.6 105.8 143.7 Sept. 3 114.7 5S.(t 106.4 145.6 Sept. 10 114.7 58.0 106.5 145.7 BUSINESS ON 'CHANGE. Saturday, September 12. Interest in the share market was keen this week with a good turnover, especially in Auckland, and it. was well spread over the list with close attention paid to banks and insurance investments. Bids generally were increased with the result that more sellers than usual have niet the market. Prices paid this week for shares generally dealt in with their appreciations since August 1 last included the following :—Bank of New Zealand, 395. 6d— gain 6d; National Bank of New Zealand, 44s 3d—2s 3d; Union Bank, £7—2s 6d; New Zealand Insurance, 71s 3d—3s 9d; South British Insurance, 63s 3d—ss: Dalgety, £7 2s 6d— 8s 6d; Colonial Sugar, £50 to £51—£3; Broken Hill Pty., 39a—3s; Goldsbrousth Mort, 27s—Is 6d; Aust. Cohsbl. Industries. 48s—3i 9d; British Tobacco, 40s—9d; Mount Lyell, 26s 7V 2 d to 28s—3s 3d; WoOlworths,. Ltd., 15s lOd—lOd: Farmers' Trading, Auckland, 20s 3d—ls: Timaru Woollen, 18s—3d; McLeOd Bros., Dunedln, £25 30s —10s: N.Z. Breweries, 33s 9d—3s 9d; Wool worths (N.Z.), 14s lid— lid. Among the relatively rare appearances in the sales wero Bank of Adelaide. £5 4s; P. and'O. deferred. 33s 3d: Australian Paper and Pulp, 32s 6d; Dalgety, £7 2s 6d: Newton King (pf.), 14* 9d: MeLeOfl Bros., ftunedln, £25, rising to £25 10s: Donaghy's Bope, 48s; Leyland Timber. 17s 6d; KAiUttg&.ta Coal. 32s 6d; Canterbury Meat. £12; Kauri Timber, 22». MINING RETURNS. (P.A.) GRBYMOUTH, This Day. The Snowy River Dredge return was 12908 for 123 hours' work and 27,000 yards, excavated. The Golden Sands return was 50oz 2dwt for 40 Shifts. GOLft DREDGE REPORTS. Blackball Creek reports for year ended May 31 disclosed an average weekly gold reebvery of 440z 12dwt, against 4loz 22dwt last year. Snowy River net profit '°r year ended June 30 was £39,612. after providing £1500 for depreciation. Dividends absorbed £28,000. Total of 'OtSoz obtained from 1.081,208 cubic yards. Invested in Government bonds, £5000. BACON AND EGGS COMPANY. Canterbury Co-op. Distributors, Ltd., Christchurch, lias been registered with a capital of £10,000 in shares of £1 each. Subscribers: Auckland—N.Z. Co-op. Pig Marketing Association, 5100. Chrlstchureh—Canterbury Coop. Egg Producers' Association, Ltd., 4900. Objects: Wholesale and retail merchants, egg merchants, bacon curers, and incidental. PIGS AND POULTRY. The Dominion Auctioneering Co., Ltd.. Palmerston North, reports a very spirited Bftle for> pigs and poultry. Prices were as follows :-r* Pigs: Weaners, 34s to 38s: slips, £2 7s to £2 16s 6d; stores, £2 10s to £2 15s; light porkers, £3 5s to £3 12s 6d. Poultry: Heavy hens, 6s to 7s 2d each; best White Leghorn hens. 5s to 7s; light hens, 4s to 4s lid; pullets, 7s to 8s 3d; heavy cockerels, 6» fld to 7s 3d; light cockerels. 2s to 4s 9d; ducks, ."»s 3d to 6s; hens and chicks, lo 20$. BUSINESS IN BRIEF. Okain's Bay Dairy Company reports production for the last season increased compared with last Reason by 16 tons of checsi* and 31281b of whey butter. Favourable weather had resulted in the milk supply increasing by 317,9831b anrl buttcrfat supply by 10,2251b. Tho total output Was 249 tons of cheese, compared with 233 tons for the previous season. Sales of cheese totalled £19,344 3s, and whey butter sales amounted to £808 11s 7d. The pay-out to suppliers for tho season was Is 6>/id per lb butlerfiit, as last season. Manufacturing coats, £5 4s 2d a ton of cheese, compared with £5 2s lOd last season. Sir Clifton Love, chairman- of Carpet Manufacturers, Ltd., Sydney, reported that the plant, with some additions brought into production during the year, had been kept fully occupied on a two-shift basis resulting in increased turnover. Since the balancing date I output, had been greatly curtailed due to wiir restrictions. Home idle looms had been eonI verted to weave materials suitable for war i production; but altliotigh several types had been woven no Government orders had yet been

Australian beer production for the six months (October. 1041. to March. J942) preceding the production executive's decision to institute ,a quota—according to Mr. Curtin—totalled 56,243,000 Rnllons—an average ,of 9.373.000 gallons a month. Production in the three months' quota period (April. 1942. to June, 1942) totalled 21,604.000 tfallorie—a» average of 7,201,000 gallons a month. The avefrage1 monthly production therefore had been reduced in the quota period by 2,172,000 gallons from 9,373,000 gallons to 7,201,000 gallons.