COMMERCIAL

Evening Star, Issue 21037, 26 February 1932, Page 7

COMMERCIAL

AUSTRALIAN STOCK EXCHANGES. Press Association—By Telegraph—Copyright. SYDNEY, February 25. With the exception of 4 per cents. (1938), all Commonwealth bonds were again lower, while the turnover on the Exchange to-day was the smallest since Christmas. Business is likely to be restricted until the situation in regard to future taxation clarifies. All industrial concerns and brewery shares were weaker, and Broken Hill stocks were easier, cine to the decline in metal prices. Closing sales were as follow: Commonwealth Bonds, 4 per cent. (1938), £94 12s fid; 4 per cent. (1941), £92 15s; 4 per cent. (1944) and 4 per cent. (1947), each £9l 15s; 4 per cent. (1950), £9O 17s fid; 4 per cent. (1961), £9l; 4 per cent. (1955), £9O 17s fid; Australian Gas Debentures, 61 per cent. (1940), £93 13s 9d; Australian Gas ‘‘ A,” 100 s; Burns, Pbilp, 40s; Mercantile Mutual Insurance, 15s; Tooheys, 16s 9d; Tooths, 24s fid; Dunlop Perdriau, 11s 9d; Winchcombe, Carson, 18s 7^d; Pitt, Son, and Badgery, 26s fid; Broken Hill South, 47s 3d; Zinc Corporation, 30s l|d; Electrolytic Zinc (pref.), 23s fid; Goldsbrough, Mort, 24s fid. MELBOURNE, February 25. Commercial Bank of Australia, 16s 2d; Goldsbrough, Mort, 24s lOd; Carlton Brewery, 30s; ‘ Herald-Weekly Times,’ 41s 9d; Australian Glass, 33s 7Jd; North Broken Hill, 69s fid. LONDON STOCK EXCHANGE. Press Association—By Telegraph—Copyright LONDON, February 25. (Received February 26, at 1 p.m.) P. and 0., 20s s|d. FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright.

BANK OF ENGLAND RETURNS. Press Association—By Telegraph—Copyright. LONDON, February 25. (Received February 26, at 11 a.m.) ISSUE DEPARTMENT.

Thu proportion ol reserves to liabilities is 34,70 per cent. Short loans are quoted at 3J per cent., three-month bills rt 4 per cent. AUSTRALIAN MARKETS. Press Association—By Telegraph—Copyright. SYDNEY, February 25. Wheat.—Ex trucks, Sydney, 3s 4Jd; country stations, 2s B£d. Flour, £lO. Pollard, 105 s. Bran, iOOs. Potatoes. —Tasmanian, £10; Victorian, £9. Onions.—Victorian Globes, £lO. Oats. —White and Algerian, 2s 6d. ADELAIDE, February 25. Wheat, 3s 2kl. Flour, £7 10s. Oats, to ]s 9d. Pollard, 110 s. MELBOURNE, February 2G. (Received February 26, at 10.10 a.m.) Wheat, 3s 3d to 3s 4d. ‘ Flour, £7 15s. Pollard, £5 ss. Bran, £5 ss. Oats, 2s Id to 2s 3d. Barley.—English, 3s Id to 3s 3d. Maize, 3s 9d. THE PRICE OF GOLD. Press Association—By Telegraph—Copyright. LONDON, February 25. (Received February 26, at 1 p.m.) The price of gold is quoted at £5 18s lOd per ounce. BRADFORD MARKET. Press Association—By Telegraph—Copyright. LONDON, February 25. (Received February 26, at noon.) Bradford is quiet awaiting tho London opening. Quotations: 70’s, 26d; G4’s, 23d; GO’s, 21£d; 56’s, 17Jd; 50’s, 12$d; 46’s, 9fd; 40’s, 9d. BUTTER AND CHEESE. Press Association—By Telegraph—Copyright. LONDON, February 25. (Received February 26, at 1 p.m.) Butter is easier owing to the decreased Continental demand. Danish, 1355; choicest salted New Zealand, 108 s to 110 s; Australian, 104 s to 106 s; unsalted New Zealand, 116 s; Australian, 112 s. Cheese is quiet. New Zealand white, 60s; coloured, 61s; Australian, 59s and 60s. BEET SUGAR. Press Association—By Telegraph—Copyright. LONDON, February 25. (Received February 26, at 1 p.m.). Beet 6a Ids

IMPERIAL COMMUNICATIONS LTD. [Per United Press Association.] WELLINGTON, February 25. The estimated traffic receipts of Imperial and International Communications Ltd., for January were £404,411, compared with £412,908 for January, 1931. METAL MARKET. Press Association—By Telegraph—Copyright. LONDON, February 24. Following are the official quotations in the metal market: — Copper; Standard, £35 per ton; forward, £35 ICs KHd. Electrolytic: Spot, £4O 10s; forward, £4l 10s, Wire bars, £4l 10s. Lead; Spot, £l4 2s 6d; forward, £l3 17s 6d. Spelter: Spot, £l3 ss; forward, £l3 15s. Tin; Spot, £139 6s 3d; forward, £l4l 11s 3d. Silver; Standard, 19 13-16 d per oz; fine, 21fd. MILNE AND CHOYCE DIVIDEND. [Special to the ‘ Stak.’] AUCKLAND, February 25, The directors of Milne and Choyce Ltd. have notified the Auckland Stock Exchange that, in view of existing conditions and prospects, they deem it inadvisable to pay an interim dividend. In the past the firm has been in the habit of paying its dividends halfyearly. For" a very lengthy period the distribution was 8 per cent, per annum, but for the last year it was 6 per cent, per annum, plus 1 per cent, on B pref. shares*

NATIONAL MORTGAGE DIVIDEND* Pr*e« Association—By Telegraph—Copyright, LONDON, February 25,; (Received February 26, at 12.20 p.m.)] The National Mortgage and Agency Company of New Zealand has declared a final dividend of 2\ per cent., tax free. BULOLO GOLD DREDGING LTD. The latest advices concerning the above to hand from Sydney are as follows During recent weeks the flying schedule both as to number of flights and weight of freight transported, has been well maintained. The No. 2 dredge upper tumbler shaft, weighing 6,8801 b, was landed at Bulplo on 13th inst. The general manager advises that one unit of the power installation is expected to be ready to supply electric power at the end or the month, and that erection of the No. I 1 dredge is expected to be completed during the forepart of March. The property 54 Jackson street, St< Kilda, submitted for sale by public auction yesterday by Messrs Tamblyn* Rhodes, and Jamieson, was sold to Mr; M'Leod.

RUGBY, February 24. Feb. 23. Feb. 24. Paris, franc to £1 ... ... ... 88} 88} Brussels belgas to £1 ... 24 25 Oslo, kroner to '... 18} 18 1-16 Stockholm, kroner to ... ... 18 1-16 18.10 Copenhagen, kroner to £1 ... 181 18} Geneva, franc to £1 ... 17 13-16 17.85 Berlin, rcichmnrken to ... 14 19-32 14} Montreal, dollar to ... 3.93 3.93 New York, dollar to ... ... 3.47} 3.48} Amsterdam, florin to ... ... 8.60 8.63 Milan, lire to ,£] ... 66} 66J Prague, kroner to £1 ... 117} ... *32 117} 32 Vienna, schilling to £1 Helsingfors, marks to ,£1 ... , ... 220 220 Madrid, peseta to £1 ... 45 45 1-16 Athens, drachmae to ... ... 270 270 Lisbon, escudo to ... 109} 109} Bucharest, lei to Rio de Janeiro, pence to milrei ... 580 580 s 4 3-16 4 3-16 Buenos Aires, pence to pesos ... 39 11-16 39 11-10 Montevideo, pence to dollar ... 30} 30} Shanghai pence to .ael ... 23 13-16 Yokohama, pence to yen ... ... 23 3-16 23 Hongkong, pence to dollar •Nominal. ... 17 13-16 17 13-16

Note issue in circulation ... ... ... £346,404,346 banking department ... 49,368,302 £395,772,648 Government debt £11,015,100 Other Government securities ... 253,573,405 Other securities ... 6,562,637 Silver coin ... 3,848,858 Gold and silver bullion ... 120,772,648 £395,772,648 BANKING DEPARTMENT. Proprietors’ capital ... £14,553,000 Rest ... 3,031,366 Public deposits ... ... 14,125,133 Other deposits (bankers) ... 67,924,058 Other accounts ... 32,198,355 Scvcn-doy and other bills ... 1,283 £132,433,195 Government securities £33,675,900 Discounts and advances ... 11,492,953 Other securities 37,320,909 Notes in reserve ... 49,3GH,yuJ Gold . and silver coin ... 575,125 £132,433,195