LATE COMMERCIAL

Evening Star, Issue 22559, 29 January 1937, Page 12

LATE COMMERCIAL

THE METAL MARKET., Press Association —By Telegraph—Copyright LONDON, January 28. (Received January 29, at 2 p.m.) The following are the official metal quotations;— Copper.—Spot, £sl 18s IJd; forward, £52 Os 7idElectrolytic, • Spot, £56 15s; forward, £57 15s. Wire bars, £57 15s. Lead.—Forward, £26 13s 9d; spot, £26 10s. Spelter.—Spot, £2l 13s 9d; forward, £2l 11s 3d. Tin.—Spot, £225 10s; forward, £226 2s 6d. Silver.—Fine, . 20id per ounce; standard, 22Jd. BRADFORD MARKET. Press Association —By Telegraph—Copyright LONDON, January. 28. (Received January 29, at 12.40,p.m.) Bradford tops: Merinos, 70’s, 39id; 64’s, 37Jd; 60’s, 36id; cross-hreds, 58’s, 33d; 56’s, 29d: 50’s, 24}d; 46’s, 23id; 44’s, 23i (the last three are nominal). Buyers’ requirements are temporarily satisfied, and business is small despite lower prices. Consumption is good. WHEAT, FLOUR, ETC. Press Association —By Telegraph—Copyright ' LONDON, January 28. (Received January 29, at 12.30 p.m.) Wheat.—Cargoes are dull at a decline, Parcels are quiet and easier. Futures: London—January, 42s sd; May, 425. Liverpool—March, 8s OJd; July, 8s 2Jd. The spot trade is quiet. Australian (ex ship), 44a 6d. Flour: Lower. Australian (ex store), 33a to 33s 6d. , Chicago futures: May, 126 J cents per bushel; July, 110 J; September, 107|d, MOUNT LYELL SHARES. Press Association —By Telegraph Copyright LONDON, January 28. (Received January 29, at noon.) Mount Lyell shares are quoted at 32s '6d.

NEW GUINEA GOLD SHARES. Press Association—By Telegraph—Copyright LONDON, January 28. (Received January 29, at 2 p.m.) New Guinea Gold shares are quoted at 3s 9d. BANK OF ENGLAND RETURN, press Association —By Telegraph Copyright LONDON, January 28. (Received January 29, at 1 p.m.) The following is the Bank of England return: — „ ISSUE DEPARTMENT. Note issue in circulation £4 52,300,000 Bank department 6M00.000 Government securities ... ... 188,000,000 Other securities 1,000,000 Silver coin BANKING DEPARTMENT. T,.., £3,600,000 Public deposits" 12.200,000 Bankers’ deposits 88,400,000 Other amounts .... ™’«nn’nm Government • securities ... ... . m,bWJ,uiw Discounts and advances 8,000,000 Other securities m’ann’rcS Notes and com 61,800,000 Rate of reserve to liabilities is 4.45 per cent. Bank of England discount rate remains unchanged at 2 per cent. PRICE OF GOLD. Press Association—By Telegraph—Copyright LONDON, January 28. (Received January 29, at 1.15 p.m.) Fine gold is quoted at £7 Is lid per ounce. DOLLAR AND FRANC. Press Association—By Telegraph—Copyright LONDON, January 28. (Received January 29, at 1.15 p.m.) The dollar is quoted at 4.90. The franc is quoted at 105 5-32. (BEET SUGAR. Press Association —By Telegraph—Copyright LONDON, January 28. (Received January 29, at 2 p.m.) Beet sugar, 6s sd. BUTTER, CHEESE, AND EGGS. Press Association —By Telegraph—Copyright LONDON, January 28. (Received January 29, at 1 p.m.) Butter is quiet but firm. Danish, 116 s. Choicest salted: Australian and New Zealand, 90s. Unsalted: New Zealand, 90s; Australian is nominally 92s and 935. Cheese is firm. New Zealand—white, 51s 6d; coloured, 51s; Australianwhite, 50s 6d; coloured, 50s. Eggs are stronger. Seventeens, 8s 3d; sixteens, 7s 9d to 8s; fifteens, 7s 3d to 7s 6d; thirteens and half, 6s 9d. LONDON WOOL SALES. Messrs Wright, Stephenson,_ and Co. Ltd., have received the following cablegram from their London office: —The wool sales concluded with a good attendance of buyers, the market being irregular. The selection was good and competition was animated. _ Continental and Bradford buyers being the chief operators. One hundred and sixty-six thousand bales were offered, of which 94,500 were sold. We quote the following average realisations for average qualities ;— Greasy merino, 60/64’s, yielding 48 per cent., 17d; greasy fine half-bred, 56/58’s, yielding 62 per cent.. 17Jd; greasy half-bred, 50/56’s, yielding 68 per cent., 16Jd; greasy "three-quarter-bred, 48/50’s, yielding 74 per cent., 15}d; greasy fine j cross-bred, ,46/48’Sj yielding .75 per

cent., 15d; greasy medium cross-bred, 44/46’s, 75 per cent., 15i<l; greasy cross-bred, 40/44’s, yielding 76 per cent., 15d; greasy coarse cross-bred, 36/40’s, yielding 76 per cent., 15d; cross-bred lambs, 46/50’s, yielding 74 per cent., 15d. Australian merino prices were 5 per cent, lower, but the scoured and -slipe wool market remained firm. In comparison with the prices realised at the commencement of the series, greasy merino remained the same, while three-quarter-breds and all grades of cross-breds advanced id. LONDON STOCK EXCHANGE. Press Association —By Telegraph—Copyright LONDON, January 28. (Received January 29, at 2 p.m.) The following are the latest quotations of Government securities: —

SALES ON ’CHANGE: THIS DAY. Christchurch. —Union Bank of Australia (ex div.), £lO 12s 6d (3) ; National Insurance, 18s 3d (2); New Zealand Refrigerating (10s paid), cum div., 9s 6d; New Zealand Breweries, 57s 3d; Broken Hill Proprietary (cont.), 6Ss (3), 67s lid; Dunlop Rubber, 18s lOd; Hume’s Pipe (Australia), 225; Mort’s Dock, 13s 2d; Waimiunu Sluicing, lid (2) ; Mount Lyell, 425. Reported: National Insurance (late sale yesterday), 18s 3d; Ashburton Gas, £6 17s 6d (odd parcel) ; Whitcombe and Tombs, C3s. Wellington. Commercial Bank (pref.), £9 8s 6d; General Industries, 20s 3d; Mount Morgan, 17s id; Coles, £4 18s. This was Anniversary Day at Auckland, and no sitting of the Exchange was held.

Consols, 2i per cent £82 10 0 Funding Loan, 4 p.c., 1968-90 114 10 0 Assented War Loan 104 2 6 Conversion Loan, 3£ 105 5 0 Victory Bonds, 4 (ex div.) ... 113 5 0 Commonwealth, 5, 1945-75 108 0 0 Commonwealth, 3|, 1936-37 101 3 9 Commonwealth, 4, 1943-48 103 10 0 Commonwealth, 3j, 1948-53 102 5 0 Commonwealth, 31, 1956-61 99 5 0 Commonwealth, 3, 1955-58 95 17 6 New South Wales, 41, 1935-45 99 18 9 Victoria, 3, 1929-49 98 17 6 Victoria, 4J, 1940-60 103 15 0 Victoria, 5, 1945-75 107 10 0 Queensland, 3, 1922-47 ... 98 5 0 Queensland, 5, 1940-60 106 7 6 South Australia, 3, 1916 (opt.) 89 15 0 South Australia, 5, 1945-75 107 5 0 West Australia, 4, 1942-62 101 6 3 Tasmania, 3£, 1920-40 101 2 6 Tasmania, 4, 1940-50 100 15 0 New Zealand, 4£, 1948-55 ... 106 7 6 New Zealand, 3|, 1940 ... 101 3 9 New Zealand, 3, 1945 99 7 6