MONEY AND MARKETS

Evening Star, Issue 20032, 24 November 1928, Page 4

MONEY AND MARKETS

FOREIGN EXCHANGES. (Brituih Official Wirolesa.) Frees Association— By Telegraph—Copyright. LONDON, November 23, (Hoceiv<xl November 24, at 1 mm.) Nov. 20. Nov, 23. New York, dollar lo £i 4.84 31-32 4.85 1-16 Montreal, dollar lo -AT 4.851 4.84 3-16 Paris, franc to £1 * ... 124.10 124.10 Brussels, belgas to £ J 34.80 34.80 Geneva, franc lo £1 25.20 25.1!) Amsterdam, florins to £1 ... 12.08 12.08’, Milan, lire to £1 02.55 32.55 Berlin, reiduntirkcn to £i ... 20.31) 20.35 Stockholm kroner lo £} ... 18.13 18.14 Copenhagen, kroner to £4 ... 18.3!) 18.1!) Oslo, kroner to £\ 18.13 18.13_ Vienna, schilling lo £1 ... 34.n20 34.5F5 Prapue. kroner to /.'I 163? Helsingfors, marks to £1 ... 302? Madrid, peseta to £i 30.08 ,>0.075 Lisbon, escudo to £i ( 3.0 S 1-Id Athens, drachmae lo £\ ... 375 .bn Bucharest Id to £\ 800} Rio dc Janeiro, pence H) milrcis 523 1-33 521 1-. L Buenos Aires, pence to dollar 47 15-32 4715-3-Bombay, rupee 1.01-32 l.fil-32 Shmudnn, tael Yokohama yen ... »*• 1.10 31*32 J. 1013-16 Hongkong, dollar ... ... —2.0 J Batavia, guilder 12.07 12.081LONDON STOCK EXCHANGE. frees Association—By Telegraph—Copyright. LONDON, November 23. (Received November 2o } at 1 a.m.) The following are tho latest quotations for Government securities:— Imperial CunsoU 2} p.c., 21-50 0 0 Funding loan, 4 p.c., 1000-1030 8!) 15 0 War loan 5 p.c. ]U23*47 (ox interest) JOl 15 0 Conversion loan. 3} p.c <8 15 0 Commonwealth (> p.c., 1331-41 101 17 6 Commonwealth 5 p.c., 1345-75 100 5 0 New Zealand (> p.c., J33U-51 ... 108 a I) New Xcaalml 4 p.c., 1323 ... 33 7 6 New Zealand 3J p.c., 1340 ... ... ... ... 88 15 0 New Zealand 3 p.c.,, 131.5 80 0 0 New South Wales (i] p.c., 1330-10 103 15 0 New South Wales h p.c., J 322-31 102 .17 (i New South Wains 5£ p c., 1330-40 100 12 0 New South Wales 4 p.c., 1333 . , ... 34 10 0 New South Wales 3} p.c., J33U-50 85 17 6 New South Wile* 3 p.c., 1.355 ... ... 77 .10 0 Victoria 5} p.c., 1330-10 100 12 (! Victoria 5 p.c., 1332-42 ... ... 38 0 0 Victoria -1? p.c., 1310-00 34 17 t> Victoria 3} p.c., 1.323-13 78 10 0 Victoria 3 p.c., 1023-40 ... 73 0 0 Queensland 6 p.c., 133040 132 2 6 Queensland 3J p.c.. 1330 15 0 Queensland 3 p.c., 1322-47 72 15 0 South Australia 0} p.c., 133040 ... ... IU2 15 0 South Australia p.c., 1333 ... ... ... 85 17 G Souih Australia 3 p.c., 13J(> ur after ... <>l JO. 0 West Australia C p.c., 133040 102 40 0 West Australia 3} p.c., 1320-35 S 3 0 0 West Australia 3} p.c., 1315-35 86 15 0 Tasmania tij p.c., 1330-40 103 12 3 Tasmania 31 p.c.. 1320-40 87 0 0 Tasmania 3 p.c., 102040 ... 82 0 0 —Australian Press Association-United Service, WOOL MARKET. LONDON SALES. Press Association—By Telegraph—Copyright LONDON, November 2L*. At tho wool sales 11,969 bales were sold, of which 5,887 wore Australian and 1,668 New Zealand. There was a splendid selection of merinos, including a large oll'oring of second hand suitable for topmakers. There was excellent competition, with tlio Continent predominant, and prices were fully maintained. New Zealand greasv, Carlton Hill, 18-id and 17d. Bradford Tops.—Business is small, with quotations generally firmer; 61 ’s dSd, Gil’s lod, sG’s .38Id, 50’s >3l.)d, dG’s 24jd, 40’s 23Jd. —Australian Press Association.

N.Z.L. AND M.A. COMPANY. LONDON, November 22. 'l.’ho Loan and Mercantile Company’s balance-sheet shows a net profit ot £176,093. The amount divisible is £22:;.cm;. The sum of £IO.OOO was devoted to the stall' benevolent fund, and £l,lOO was carried Forward.—Australian Press Association. WHEAT, FLOUR; FTC. LONDON, November 22. ’Wheat; Cargoes are quiet and unchanged; ummnrd December lor Calcutta! LF 3d. .Parcels have poor fe«pport, and arc unchanged,; ex T’bemistodcs 47s 105il, ox Talleyrand 4Ss. Liverpool futures; December, Os 3-ld; March. 0s 41<1; May, 9s -pd._ Spot trade is dull. Australian, ex ship, 10s. Flour is inactive; Australian, ex store, ills Gd. Oats, peas, and beans are sternly.--Australian Press Association. METALS. LONDON, November 23. Copper; Spot, .£6B 6s lOdl; forward, £63 15s 7 Pi. , r . . llloctrulylic: Snot, Li -1 Jo,-; .oiuaul, £7l ss. Wire bars, £76 os. Lead; Spot, £2l 3b M; forward, £M Spot, £25 3s 9dj forward, £25 ss. r , Tin: Spot, £‘232 12s bd; forward, £230 11)3. , Silver: Standard. 2G|!(I: hue, 2r rt d.— Australian Press Association. NEW YORK MONEY MARKET. NEW YORK, November 22. Call money is at a renewal rate ot 6’ per cent., the market opening at that rate ami remaining steady.— Australian Press Association. NEW ZEALAND MORTGAGE TRUST AND BOND CORPORATION, LTD. The first annual meeting of the above company was held in the Chamber of Commerce board room on Inesaay, November 20. Mr Arthur Ellis (cmunmni of directors) presided. . Ho stated that a largo proportion of the share, capital had bcensubsciibco, and that the business done for the hirst year had been very satisfactory. the net result of the year’s operations alter duo allowance for unearned interest and proportion of discounts was £743 <s id, from winch the directors recommended writiim olf establishment charges, £2oU, ami the balucc of £493 7s 7d bo earned forward. A considerable amount of business had been olfered, but tlio directors bad only accepted those loans which vyoro considered entirely satisfactory, the company had now also a complete organisation for the selling of property and estates. A bond issue had been decided on. Tho bonds would carry interest at 7 per cent, per annum, payable hail-yearly. This policy was being adopted in preference to calling up the full capital. Mr B. B. Macdonald, vice-chairman, stated that tho company’s particular business was financing and discounting second mortgages, and the business done fully justified the company being established. The retiring directors—Messrs James W. Scurr and Vernon O. Smith- —were re-elected, and tho retiring auditors— Messrs Brodrick and. Chalmcr—wero also rc-electcd,--24/11/28.