COMMERCIAL

Evening Star, Issue 22085, 19 July 1935, Page 10

COMMERCIAL

BANK OF ENGLAND RETURNS Press Association—By Telegraph—Copyright LONDON, July 18. (Received July 19, at 1.30 p.m.) The following is tho Bank of England return:— : —lssue- Department.— Note issue in circulation ... £399,567,687 Bank department ... 53,149,15-1 £452,716,841 Government debt ..; £11,015,100 Other Government securities ... 246,623,007 Other securities 675,119 Silver coin 1,686,774 Gold coin and bullion ... ... 192,716,841 £452,716,841 —Banking Department—Proprietors' capital ... £14,553,000 Rost ... 3,520,668 Publio deposits 7,883,273 Other deposits (bankers) 103,582,360 Other accounts 38,844,776 Seven-day and other bills £168,384,077 Government securities £91,886,044 Discount advances 9,276,901 Securities , 13,549,485 Notes in reserve 53,149,154 Gold and silver coin ... 522,493 £168,384,077 The proportion of reserves to liabilities is 35.70 per cent. Short loans are quoted at | per cent.; three months’ bills at f per cent. LONDON STOCK EXCHANGE

FOREIGN EXCHANGES (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY, July 18. (Received July 19, at noon.) , The following are the mean closing rates Paris, franc to £1 ... 74 41-64 New York, dollar to £1 ... ... 4.95| Montreal, dollar to £l 4.96| Brussels, belgas to £1 29.32 Geneva, franc to £1 i 15.11 Amsterdam, florin to £1 7.264 Milan, lire to £1 5915 16 Berlin, reichmarken to £1 ... ... 12.26 Stockholm, kroner to £1 19.39£ Copenhagen, kroner to £1 22 Oslo, kroner to £1 19.90| Vienna, schilling to £1 26 Prague, kroner to £1 118| Helsingfors, marks to £1 ... ... 226| Madrid, peseta to £1 36 1-32 Lisbon, escudo to £1 ... HOi * Athens, drachmae to £i ... ... 516 Bucharest, lei to £1 485 Belgrade, dinars to £1 ... 215 Warsaw, zlotys to £1 ... ... ... 26.18 Rio de Janeiro, pence to milreis 41 Buenos Aires, pence to dollar ... 361; pence to dollar ... 39£ Bombay, pence to rupee 181.Shanghai, pence to tael 19-1-16 Hongkong, pence to dollar ... ... 253 Yokohama, pence to yen 344 Batavia, florin to £1 7.23^ * Sellers. CHRISTCHURCH GAS COMPANY DIVIDEND. The Christchurch Gas, Coal, and Coke Company directors have declared an interim dividend of 3 per cent, for the six months ended June 30.—-Press Association. WHEAT. FLOUR, ETC. Pros* Association—By Telegraph—Copyright LONDON, July 18. (Received July 19, at 2 p.m.) Wheat cargoes are firm and unchanged. Parcels are steady to fid advance. Futures: —London; September, 21a 3d. Liverpool: July, ss; October, 4s ll£d December, 4s lljd; March, 4s 10 7-Bd. The spot trade is slow. Australian, ex ship, 26s 9d. Flour is quiet. Australian, ex store, 20s to 20s fid. Oats are firm. Peas and beans are quiet and unchanged. LONDON WOOL SALES. Wright, ‘ Stephenson, and Co. have to-day received tho following cable in connection with the London wool sale: —>“ The wool sales continue with an' average attendance of buyers, the Continent and Bradford being the chief operators. The market is firm, and competition is animated. The offerings are of an average selection and compared with the opening rates the prices are unaltered, with the exception. of greasy fine cross-bred, 46-48, yielding 75 per .cent., and medium cross-bred, 44-46, yielding 75 per cent., both of which grades have advanced £d per lb. Tho demand for Australian merino is not so keen, the market having declined 6 per cent. SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copyright SYDNEY, July 19. (Received July 19, at 2.30 p.m.) Bonds: 4 p.c., 1938, £lO3 8s 9d; 4 p.c., 1957, £lO5 ss; 4 p.c., 1961, £lO6 10s. Shares: Commercial Bank of Sydney, £lB 12s; Anthony Hordern, 20s lid; Associated Nows, 23s 3d, (pref.) 23s 10Jd; Broken Hill South, 91s fid; Dunlop’s, 16s 6d; James. Stedman, 18s 9d; Lustre Hosiery, 28s 3d. SALES ON ’CHANGE: THIS DAY. Christchurch.—Australian Glass, 70s 9d; Broken Hill Proprietary, 695; D.onlag gerdjiau, Rubber, 16s 2d., 16s

Id (2). Reported: Commercial Bank of Sydney, £lB 2s 6d; National Electric, 12s: N.Z. Farmers Co-operative (4$ per cent, stock, 1937), £BS. Auckland.—Mataki, 2s; Big River, 2s 2d; Grand Junction, 4s IJd; Kaiapoi (cont.), 6s 4d; Farmers’ Trading, 7s 2d; Tanpo Totara, 7s 6d; National Timber, 14s; Dominion Investment, 16s 6d; Mount Morgan, 375; British Tobacco, 39s 6d; National Bank, 68s 9d; Woolworths, 92s 6d, 92s 9d; Bank of New South Wales, £32 2s 6d; Amalgamated Brick (7j, Wellington), £lO3 15s, £lO3 15s; Stock (1938-52), £IOB ss. Wellington.—Bank of New Zealand, Cls 6d ; Union Bank, £9 2s ; Melbourne Register Bank of N.S.W., £32; Yarra Falls Woollen,'42s 3d; Gear Meat, 21s; Timaru Breweries (cont.), 9s. Reported, YSfoolworth’s Ltd,, £4 12s 6cU

LONDON, July 18. (Received July 19, at 1.30 p.m.) Consols, 24 per cent £85 15 0 Funding Loan, 4, 1969-90 ... . . 119 0 0 War Loan, 34 , . 106 15 0 Conversion Loan, 3j- . 108 7 6 Victory Bonds, 4 . 117 0 0 Commonwealth, 5, 1945-75 ... . , 110 5 0 Commonwealth, 34, 1936-37 . 102 5 0 Commonwealth, 4, 1943-48 ... . . 104 17 6 Commonwealth, 34, 1948-53 . . 103 2 0 Commonwealth, 34, 1956-61 . 98 12 6 Now South Wales, 3, 1935 . 101 1 3 Now South Wales, 34, 1930-50 , . 100 5 0 Now South Wales, 44, 1935-45 . New South Wales, 5, 1935-55 , . 100 15 0 . 102 3 9 Victoria, 3, 1929-49 ... , 98 15 0 Victoria, 4j, 1940-60 . 104 15 0 Victoria, 5, 1945-75 . no 0 0 Queensland, 3, 1922-47 ... . , 98 12 6 Queensland, 5, 1940-60 ... . . 107 12 6 South Australia, 3, 1916 (opt.) 88 5 0 South Australia, 5, 1945-75 . 109 18 9 West Australia, 4. 1942-62 . 102 5 0 Tasmania, 34, 1920-40 ... . . 102 10 0 Tasmania, 4, 1940-50 . 102 5 0 New Zealand, 44, 1948-58 ... . , 110 5 0 New Zealand, 31, 1940 ... . . 104 2 6 New Zealand, 3, 1945 . 101 10 0 New Zealand, 6, 1935-51 . 103 13 9