LATE NEWS

Evening Star, Issue 21507, 4 September 1933, Page 12

LATE NEWS

COMMERCIAL FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY, September 2 (Received September 4, at noon.) Paris, franc to £1 8011-3.' New York, dollar to £1 4.52£ Montreal, dollar to £1 4.76 Brussels, belgas to £1 22.59 i, Geneva, franc to £1 16.29 Amsterdam florin to £1 7.82 Milan, lire to £1 5913-16 Berlin,’ reichmarken to £1 13.20 Stockholm, kroner to £1 19.37£ Copenhagen, kroner to £1 22.40 Oslo, kroner to £1 19,90 # Vienna, schilling to £1 30 Prague, kroner to £1 106 i Helsingfors, marks to £1 226 i Madrid, peseta to £1 37 11-16 Lisbon, escudo to £1 104 Athens, drachmae to £1 570 Bucharest, lei to £1 535 Belgrade, dinars to £1 Warsaw, zlotys to £1 *Rio de Janeiro, pence to milreis 4 3-8 Buenos Aires, pence to dollar ... 44£ ‘Montevideo, pence to dollar ... 36JBombay, pence to rupee 181-16 Shanghai, pence to tael 15 3-16 Hongkong, pence to dollrr igj Yokohama, pence to yen 14 5.32 Batavia, florin to £1 •Nominal.

SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copyright SYDNEY, September 4. (Received September 4, at 1.30 p.m.) Stock Exchange sales: Commonwealth Bonds, 4 per cent., 1957, £104; 1959, £lO4 ss; Bank of New South Wales, £32 7s 6d; Associated News (pref.), 18s 9d; ■ Tooths, 395; Goldsbrough, Mort, 30s; Wilcox, Mofflin, 9s lid; Broken Hill Proprietary, 37s 9d. GRAIN AND PRODUCE. Donald Reid and Co, Ltd. report;— Wheat.—Odd samples of milling quality are still arriving on the market. Local millers have received their quote for this season, and lines still unsold are being stored on the Wheat Board’s account, to be disposed of later to best advantage. September prices are as follows Tuscan, 3s BJd; Hunter’s, 3s 10id; Velvet, 4s Oid (sacks extra), f.0.b., main ports. The increment was only id per bushel this month, a further id per bushel next month will finalise values for the season. Fowl wheat is offering freely, but little business of a wholesale nature is being transacted. Ex store prices to consumers range from 3s 3d to 4s per bushel, according to quantity and quality required.

Oats.—This market is inclined to ease again, but even at the low prices merchants are not anxious to purchase any quantity. On the other hand farmers will not consider the offers at all. Business, apart from the seed demand, is at a standstill. Nominal values are as follows: —A grade, Is 3d to Is 4d; B grade, Is to Is Id (sacks extra), on trucks, at growers’ sidings. Chaff.—Ample chaff is available for the local demand. Consignments are arriving from northern and southern growers. £3 10s per ton (sacks extra) is the ruling rate to full trucks purchasers. £3 15s to £4 5s is the value ex store for small quantities. Potatoes.—This market shows no signs of recovery. Values eased again, and with an'over-supplied market the top price to-day is £4 (sacks in), ex truck, Dunedin. Only odd sales are possible ex truck, and the stores are now holding large stocks. It appears certain that there will be a further drop in prices unless some unforeseen business comes to hand. Seed potatoes are selling freely, Arran Chief at £4, and King Edward at £4 10s (sacks in), ex store. CITY PROPERTY AUCTION. John Reid and Sons Ltd., at their auction rooms, to-day submitted to auction section 7 and part-section 8, block XXXIX, corner of Bond and Police streets, with three-story brick building thereon. There was a good attendance, and the property was finally knocked down to Mr J. R. Fairbairn at £3,250. (This property was originally tho ‘ Evening Star Company’s box factory, and later the warehouse of J. A. Ainge Ltd.) SEARCH FOR GOLD. . BRIAN BOBU RETURN. A Greymouth Association message states that the Brian Boru dredge’s weekly return is 38oz 2dwt for 90 hours’ work. OKARITO RETURN. The secretaries of the Okarito Fivemile Beach Gold Dredging Company Limited report that tho wash-up for the week ended Saturday, September 2, was 630 z 4dwt for 121 hours’ dredging. The dredgemaster reports that the dredge has recently been working through paddocks'which had been well cleaned up by the old miners. It is believed that the largest pump used by them on the Okarito Beach operated in the present vicinity of the dredge. SALES ON ’CHANGE: THIS DAY. Christchurch. —New Zealand Government 4 per cent. Inscribed Stock. 1946. £IOO 12s 6d; Commercial Bank of Australia. 16s Id (3); Commercial Bank of Sydney, £l7 11s; E.S. and A, Bank. £5 6s 6d; N.Z. Guarantee Corporation, fis lOd (3); Gear Meat, 32s 6d; N.Z. Refrigerating (Is paid). 8s _lod, 8s fid; Timaru Brewery (7s 6d paid), Cs 4d; Howard Smith, 12s ; Alexander Mines (13s 6d paid). 20s. 19s 9d, 19s 7d; BellHoopers (9d paid), lid (4); Golden Point, 2jd (4); King Solomon, 2s lOd (3); Lawson’s Flat (Is paid), lOd; Nokomai, 3s 3d; Waitahu (5s paid), 7s 2d. Reported; Commercial Bank of Australia, 16s Id; United Building Sociey, 17s 9d: N.Z. Refrigerating (10s paid). 8s lOd; Westport Coal. 13s. Auckland. —King Solomon, 2s lid, 3s; Grand Junction, 4s Id, 4s 2d; Refrigerating (cont.), 8s lid; Okarito, lls’.lOd; Gas. 23s 3d; Bank of New Zealand, 48s 4d; National Bank, 81s 6cl; Stock (3J per cent.), £101; Stock (4 per cent.), £IOO 10s, £IOO 7s 6d.