LATE COMMERCIAL

Evening Star, Issue 22620, 12 April 1937, Page 12

LATE COMMERCIAL

FOREIGN EXCHANGES. (British Official Wireless.) Press Association —By Telegraph—Copyright RUGBY, April 10. (Received April 12, at 1 p.m.) The following are the mean closing rates Paris, franc to £1 109 5-16 New York, dollar to £1 4.90 Montreal, dollar to £1 4.89 - Brussels, belgas to £1 29.09 Geneva, francs to £1 21.54^ Amsterdam, florin to £1 8.95 Milan, lire to £1 93^ Berlin, reichmarken to £1 ... 12.19 s Stockholm, kroner to £1 19.39£ Copenhagen, kronen to £1 ... ... 22.40 Oslo, kroner to £1 ... ' 19.90 Vienna, schillings to £1 26jPrague, crowns to £1 140 7-16 Helsingfors, marks to £1 226 j Madrid, pesetas to £1 Lisbon, escudo to £1 110 3-16 Athens, drachmae to £1 547£ Bucharest, lei to £1 670 Belgrade, dinars to £1 213 Warsaw, roubles to £1 25.75 Rio de Janeiro, pence to milreis 41 Buenos Aires, pence to dollar ... 'Montevideo, pence to dollar ... 39| Bombay, pence to rupee 18* Shanghai, pence to dollar 14 17-32 Hongkong, pence to dollar ... 1415-16 Yokohama, pence to yen 14 Batavia, florin to £1 8.93£ 'Sellers. LONDON SHEEPSKIN SALES. The New Zealand Loan and Mercantile Agency Company Limited has received the following advice from London, dated April 9:— London Sheepskin Sales.—Position of the market as compared with preceding auctions: Prices are higher 7i per cent, for combing merino, 10 per cent, to 15 per cent, for combing cross-bred, 10 per cent, for clothing merino and clothing cross-bred. Demand keen; catalogues well cleared. 66/58’s full-woolled sound pelts, 18d; three-quarter, 16d; half, 13Jd.’ 48/50’s full-woolled sound pelts, lojd; threequarter, 142 d; half, 13Id. 44/46’s full-woolled sound pelts, 15d; threequarter, 14£d; half, 13Jd. 40’s fullwoolled sound pelts, lod; three-quar-ter, 14)d; half, 13id. Short and shorn, 9id to lid. SALES ON ’CHANGE : THIS DAY, Christchurch.—New Zealand Government 4 per cisnt Inscribed (195255), £lO3 ss; Commercial Bank of Australia, 19s 6d; Bank of New Zealand (D mortgage shares), 265; Goldsbrough, Mort, 37s 2d; New Zealand Refrigerating (10s paid), 8s lid; Broken Hill Proprietary, 82s 6d (3) ; G. J. Coles, 6s Id (4; cum div.) ; Hume Pipe (Aust.), 20s 3d; Shillings Ltd., 16s; Maori Gully, 6d; Alt. Lyell, 465, 45s lOd (3), 43s 9d; North Broken Hill, 77s 3d. Reported: Bank of New Zealand, 43s lid; Electrolytic Zinc (pref., late sale Saturday), 61s 6d; Electrolytic Zinc (pref.), 61s 6d. Unlisted: Grey River (2s 6d paid), 3s 6d. Reported: Woolworths (Sydney, rights), 935. Wellington.—Bank of New Zealand, 445; Electrolytic Zinc (pref.), 61s 6d, 61s; (ord.) , 59s 9d; Broken Hill, 83s; Broken Hill North, 78s 6d; Mount Morgan, 17s Id; Mount Lyell, 46s 3d.

Auckland.—Consolidated Brick, 9s; Taupiri, 17s; Mount Morgan, 17s fid; Bank of New Zealand, 445; Henry •1 ones, 46s 9d; Electro-Zinc, 60s 9d; Bonds (1952-55,) £lO3 6s. Our Auckland correspondent telegraphs ; There was little life in the market this morning, and only a small turnover was recorded at the first call. Values were steady for most lines, hut bidding was quiet. Metal shares showed further weakness, though electrolytic Zincs made a slight gain in a reported sale at 60s 9d. Broken Hills were quoted lower, between 82s 6d and 82s 9d, and Mount Lyells had a market between 44s fid and 46s 3d. Mount Morgans were offered cheaper at 17s 7d and North Broken Hills at 78s, with no buyer in either case. The banking section was steady. Commercials were quoted between 19s 6d and 19s 7d, and for New Zealands buyers moved up 2d to 43s Bd, with sellers still about at 445. Miscellaneous local dssues were quiet. Farmers’ Trading were in steady demand at 21s 6d for the ordinary shares, and 22s for A and the B prefs. Woohvorths (Sydney) had a firmer market between £7 4s and £7 10s, with £4 10s offered for rights. Government Stocks were in good demand, hut there was no inquiry for local bodies’ scrip.