COMMERCIAL

Evening Star, Issue 21719, 14 May 1934, Page 12

COMMERCIAL

FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright, RUGBY, May 12. (Received May 14, at noon.) Pari*, franc to £1 7713-32 N*w York, dollar to £1 5.111 Montreal, dollar to £1 h.lOiJ Btimmls, b«lga» to £1 21.88 G*n*Ta, franc to £1 15.75 J Amii«rdara, florin to £1 7.54 Milan, lira to £1 ... 601 Berlin, reichmarken to £1 12.91 J Stockholm, kroner to £1 19.40 Copenhagen, kroner to Jtl 22.30J1 Oslo, kroner to £1 19.901 Vienna, schilling to £1 28 Pragne, kroner to £1 122§ Helsingfors, marks to £1 226 J Madrid, peeeta to £1 ... ... ... 3711-32 Lisbon, escudo to £1 110 Athens, drachmae to £1 550 Bucharest, lei to £1 510 Belgrade, dinars to £1 ... —, Warsaw, zloty* to £1 ... Rio de Janeiro, pence to milreis 4f Boenos Airee, pence to dollar 361 Montevideo, pence to dollar ... 381 Bombay, pence to rupee 18 1-16 Shanghai, pence to tael 15| Hongkong, peace to dollar 17 Yokohama, pence to yen 141 Batavia, florin to £1 SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copyright. SYDNEY, May 14. (Received May 14, at 1.30 p.tti.) Ronds: 4 per cent., 1938, £lO6 15s; 1941, £IOB 10s; 1944, £IOB 10s; 1961, £lO9 10s; Associated News (pref.), 24s 9d; British Tobacco, 37s 7-id; Colonial Sugar, £64 10s; Lustre, 23s 6d. GRAIN REPORT. Messrs Donald Reid and Co. Ltd. report as follows: Wheat.—Samples are still coming to hand from the country. Millers are taking all suitable lines at current rates. There is a fair proportion arriving out of condition. The Wheat Board does not handle other than milling quality, therefore lines that are not in condition : can be sold on growers’ own account to best advantage. Milling rates for May are as follow:—Tuscan 3s 7d, Hunters 3s 9d, Velvet 3s lid, sacks extra, f.0.b., main ports. Fowl wheat is worth 3s to 3s Id, 0.t., country , stations. Ex store prices range from 3s 3d to 4s per bushel, sacks extra. Oats.—This market has not shown the improvement, expected at the beginning of the season. Values are easier again, and as only a, small proportion of, the offerings is of good quality it is hard to get reasonable offers for the samples coming to hand. Good heavy Gartons suitable for milling are worth Is lOd, B grade Is 7d, and un-der-grade Is sd, sacks extra, on trucks, country stations. Chaff. —There is ample available for all inquiries. The chaff demand in the city is steadily decreasing. It is a rare occurrence to sell a full truck of chaff to any one feeder. Best oaten sheaf is worth £3 15s ex truck for full truck lots. Smaller lots realise up to £4 ss, sacks extra, ex store. Medium quality is worth £3 15s, ex store, sacks .extra. Potatoes. —The wet weather has interfered with digging operations, but farmers are in . no, hurry to sell their potatoes. In some instances the tubers have been pitted, and these will not be lifted until the spring. Various lots have also been sent into store to be held until some future date. _ There are, however, plenty available in store for merchants’ immediate requirements. During the week best tables realised up to £4 10s per ton, sacks in, ex truck, Dunedin. £4 5s per ton is ex truck villne -to-day, and even if the embargo on Australian exportation was lifted values would not improve to any extent at the prices ruling at present in the Australian markets.

SEARCH FOR GOLD. OKARITO RETURN. The return from the Okarito Fivemile Beach Gold Dredging Co. Ltd. for week ended May 12 was 260 z sdwt for 116 hours’ dredging. BRIAN BORU RETURN. A Greymouth Associatian message states that’ the Brian Born dredge return was 48oz 15dwt for 110 hours. ' BELL-HOOPER RETURN. The Bell-Hooper return for the week ended May 11 was 13oz 7clwt lOgr.— Christchurch Press Association. THE DOMINION RUBBER CO. The policy of the Board of Directors it) the way of making all sales at Singapore is . confirmed by the company’s agents. Advices to hand to-day are as follows (under date April 11) :—“ For your information we would mention that the_ values on this market have been ruling for the last four or five months considerably above the parity of London, so that during this period it has certainly been beneficial for the estate to sell locally rather than in London, and it would appear that this is likely to continue until some definite statement regarding restriction is made, as dealers in the Federated Malay States are very optimistic regarding restriction, and refuse to sell if the market shows any signs of weakening.” SALES ON ’CHANGE: THIS DAY. Christchurch. Commercial Bank of Australia, 16s 9d; E.S. and A. Bank, £5 8s; Bank of New South Wales (cum div.), 335; Union Bank of Australia, £10; New Zealand Breweries, 425; Anthony Hordern, 16s 6d; D.I.C. (10s paid), 15s 6d; Dominion Fertiliser, 18s. Id, 18s; Dunlop Rubber, 18s 6d; New Zealand Farmers’ Co-operative 4J Stock (1940), £79; Bell-Hooper, 8d; Brian Born (Is paid), Is lOd, Is Golden Point, 3ld; Goldfields Dredging, 8d; Golden Sands, 2s lOd ; Maerewhenua, lid: Mahakipawa. Is; Nokomai, 3s (5). Reported: Mahakipawa, Is 2^d. Wellington.—Wilson’s Cement, 27s Sd; Mahakipawa, Is Id; Staples'and Co., 27s lOd. Auckland. Mataki, 2s; Guarantee Corp., 4s 2d; Okarito, 8s 6d Wilson’s Cement, 27s 8d: New Zealand Newspapers, 29s 6d; Bank of New Zealand, 52s 3d; Mahakipawa (pref.). Is Bd.