COMMERCIAL

Evening Star, Issue 20555, 6 August 1930, Page 12

COMMERCIAL

FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright. RUGBY, August 5.

SALES ON ’CHANGE: THIS DAY. “Wellington.—Reported: 4J per cent. Inscribed Stock (1938), £99 10s. Auckland.—Mount Lye 11 (rights), “is 3d; Mount Lyell, 23s 3d._ Reported; New Zealand Breweries, 50s 3d;Waihi Granti Jnm-cimi. 2s: Commercial Bank (pref.), £G 12s; Union Bank (Melbourne register), £lO 16s. Christchurch.—Dalgety and Co., £lO 2s (two): New Zealand Refrigerating (10s paid), 4s 10cl; British Tobacco, 37s Bci, 37s 7d, 3is 8d; Colonial Sugar, £3B 10s. NEW ZEALAND INSURANCE COMPANY. THE ANNUAL MEETING. [Pm Uiririi) Priss Association.] AUCKLAND, August 5. At the annual meeting of the Now Zealand Insurance Company the necessary resolutions to provide for the transfer of portion ot the reserves to capital account, so that £1 shares formerly paid to 16s will be free from further liability, were carried. The report and balance-sheet were adopted after the chairman had referred to the abnormally high fire wastage in the _ dominion and the problem of over-insurance. RABBITS KIN SALE. The Dunedin Stock Agents and Woolbrokers’ Association reports as follows: • , Medium-sized catalogues were offered at yesterday’s sale. The season so far has shown a succession of drops, and at yesterday’s sale, following on the recent decline at the London sales of 20 per cent, to 30 per cent., the market showed a further substantial drop in prices. Compared with the previous sale, prices for low grades were 3d lower, whilst autumn and winter sorts were on an average 4d to 6d lower. Isolated lots, notably prime bucks, showed a bigger drop. The following is the range of prices:—Summer broken, 6d to 5Jd; autumn broken, lOd to 12d; first winter broken, 17d to ISJd; runners and suckers, 7d to Bid; summers, 7d to 8d; light racks, 12d to 12$d; prime racks, lid to 12|d; dawny autumn, .14cl to 15}d; early autumns, 17$d to ISid; autumn, 25d tq 26Jd; second incoming, IGd to 17d; incoming winter, 34d to 35d; early winter—bucks 42d to 44d, does 29d to 29^(1; first spotted winters, 2od to 26jd; second winter bucks, 32d to 35id; second winter does, 28id to 32 Jd; first winter bucks, GOd to 63id; first winter does, 4od to 48d; prime bucks, G4d to G6d; pirmo does, 54id to os\d ; second spotted winters, 17d to 20d; springs, lod to lojd; milky, 7id to 12Jd; fawn, 30d *to 48i<J; winter fawn, G4cl to 74d; summer black, Gd; autumn black, 12d to 18d: first winter black, 26d to 28d; second winter black, IGd to 22d; hareskins, lOd to laid; horsehair, 14d to led.

Paris, franc to £.1 &”• m! S ‘ Brussels, belgas to £\ ... ... 34.711 34.804 Oslo, kroner to £1 ... ... ... 18.165 18.16} Stockholm, kroner to g,! ... 18.10 18.10} Copenhagen, kroner to x't Berlin, rcichmarken to £.1 ... 18.16 110.875 18.16* 20.38 Montreal, dollat to ,£1 ••• ... 4.86} New York, dollar to £1 ... 4.87 M6 Milan, lire to ;£! Amsterdam, llortn to £1 ... 92.05 92.98 ... 12.08} 12.09} Prague, korner to £1 ... Ocne>’a, franc to £.1 ... ... Vienna, schilling to £1 ... ... 34.41 34.44 Helsingfors, marks to Madrid, peseta to £1 ... Athens, drachmae to £1 ... 193* 43 ... 375 375 Lisbon, escudo to ' ... ... 108,25 108} Bucharest, lei . to , £1 ... SIS SIS Kid de Janeiro, pence to tnilreis ... 5 3-32 5 3-32 Bi**nos Airvs, pence to pesos 40 15-32 404 Shanghai, pence to tael ... Yokohama, pence to yen Hongkong, pence to dollar ... * W i« 24 11-32 ... 12* 151 Bombay, pence 10 rupee ... 17J 17* Batavijy, tlorui to £1 ... ... 12.09 —