LATE COMMERCIAL

Evening Star, Issue 22723, 10 August 1937, Page 12

LATE COMMERCIAL

DOLLAR AND FRANC. Press Association—By Telegraph—Copyright LONDON, August 9. (Received August 10, at 1.15 p.m.) The dollar is quoted at 4.893. The franc is quoted at 132 2T-32. BRADFORD MARKET. Press Association —By Telegraph—Copyright LONDON, August 9. (Received August 10, at 12.10 p.m.) The Bradford market opened quietly and is firm. METAL MARKET. Press Association—By Telegraph—Copyright LONDON, August 9. (Received August 10, at 1 p.m.) Copper: Standard, £6O 6s 3d per ton; forward, £6O 10s 7}d. Electrolytic: Spot, £66 10s; forward, £67 10 s. Wire bars, £67 10s. Lead: Forward, £24 Is 3d; spot, £24 5s 7}d. Spelter: Spot, £26; forward, £26 4s 41d. Tin: Spot, £270 12s 6d; forward, £268 7s 6d. Silver: Fine, 20d per ounce; standard, 21 9-16 d. WHEAT MARKET. Press Association—By Telegraph—Copyright LONDON, August 9. (Received August 10, at 12.30 p.m.) Wheat cargoes are dull. 1 Parcels are quiet. Futures:—London: August, 43s 8d; November, 43s 2d. Liverpool: October, 8s s|d ; ; December, 8s 6}d; March, 8s 4}d. Chicago wheat quotations :—September, 110}; December, 111*3; May, 113. NEW ZEALAND INSURANCE COMPANY. ASSETS REACH NEW HIGH LEVEL MARK. [Per United Pijess Association.] AUCKLAND, August 10. At the annual meeting of tho New Zealand Insurance Company to-day tho chairman of directors (Sir James Gunson) said that the resources of the company built upon over three-quarters of a century save a world-wide guarantee of its stability to meet any obligation which might arise. The gross assets had reached a new high level mark at £3,575,392. Premium income for the year was £1,185,635, an increase of £89,066. The underwriting surplus was £83,278. Motor insurance was becoming more difficult owing to the increased speeds and rise in the total accidents. It was also difficult, to operate profitably tho workers’ compensation business because of the statutory extensions of benefits in- various countries. Marine losses had been a larger factor than usual. The total losses of £705,954 were 59.54 of premium income, an increase of nearly 2 per cent. The company’s widely distributed shareholding and democratic nature entitled it and others similarly placed to friendly laws and appreciation by the State of their value as economic units. _ Interest rates were likely to continue around the present level. The meeting adopted the recommendation for a dividend at the same rate as last year—namely 2s a share, of which Is has already been paid. At the meeting of the board subsequently Sir Henry Horton’ was appointed chairman and Mr Oliver Nicholson deputy-chairman. SYDNEY STOCK EXCHANGE. ■ Press Association —By Telegraph—Copyright SYDNEY, August 10, (Received August 10, at 2 p.m.) Bonds: 3} per cent., 1948, £9B 2s 6d; 3§ per cent., 1949, £96 15s; 3} per cent., 1943, £IOO ss; 3J per cent., 1942, £IOO 10s 4 per cent., 1938, £lOl 15s; 1941, £lO2 ss; 1944, £lO3 ss;- 1947, £lO3 10s; 1950, £lO4 2s 6d; 1953, £lO2 12s 6d; 1935, £lO2 10s; 1957, £lO2 12s 6d-; 1959, £lO3 Is 3d; 1961. £lO3 8s 9d. Shares: Commercial Bank of Australia, 18s 3d; Millaquin Sugar, 41s; Lustre, 225; Tooths, 55s 6d; Australian Gas (Z), £7 7s; Associated News, 23s 9d; British Tobacco, 52s 9d; Colonial Sugar, £4B ss; Electrolytic Zinc 61s 6d, preference 62s 9d ; General Industries, 20s; Goldsbrough, Mort, 36s 3d. MOUNT LYELL SHARES. Press Association—By Telegraph—Copyright LONDON, August 9. (Received August 10, at 1 p.m.) Mount Lyell shares are quoted at 38s. SALES ON ’CHANGE: THIS DAY. Wellington.—First call; Broken Hill, £4 4s 3d; Wilson’s Cement, £1 0s Id; Mount Lyell, £2 5s 9d; Broken Hill South, £2 11s 9d. Reported: Bank of New Zealand, £2 4s 6d; Huddart, Parker, £1 18s 3d; Broken Hill, £4 4s 3d (2), £4 4s; Farmers’ Trading, £1 Is; Wilson’s Cement, £1 0s Id (2); Mytons Ltd., £1 17s; Woolworths Holdings Ltd., 17s sd; Noon call: Electrolytic Zinc (pref.), 61s 6d; Martha, 15s 7d; Bank of New Zealand, 44s 6d. Unofficial: M'Kenzics Department Stores, 84s 6d. Auckland.—First call: Bank of New Zealand, 44s Od; National Insurance, 18s; Pukemiro, 18s 6d; Broken Hill Proprietary, 84s 3d; Radio, 1936, 25s Gd (2); Taranaki Oil, 4s 8d; Electrolytic Zinc (prof.), 01s 6d; Mount Morgan, 12s 3d (2) ;-Wellington Alluvials, 6s. Unlisted: M’Kenzies, 84s; Reid Rubber, 265; Woolworths (Sydney), £6 Cs 6d. Noon call: Farmers’ Auction (£2 paid), 31s; Auckland Gas (con.), 15s; Electrolytic Zinc (pref.), 70s 6d; Wilson’s Cement, 20s; Woolworths Holdings (South Africa), 17s 4d; Martha Mine, 15s 7d; Broken Hill South, S2s 3d. Unlisted: M'Kenzies, 84s 6d; Silknit, 49s 9d.