LATE COMMERCIAL

Evening Star, Issue 22798, 5 November 1937, Page 12

LATE COMMERCIAL

FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for purchase and sales of foreign exchanges (all rates subject to alteration without notice) Buying. Selling. London—

DOLLAR RATES, The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates to-day on a New Zealand currency basis. They are subject to’alteration without notice:— U.S.A. CANADA. (Per £1 N.Z.) (PerfilN.Z.) SELLING T.T. (dol) ... 3.99 3-16 3.99 O.D. (do!) ... 3.99 5-8 3.99 3-8 BUYING— O.D. (dol) ... 4.03 5-8 4.03 3-8 BRADFORD MARKET. Press Association —By Telegraph—Copyright LONDON, November 4. (Received November 5, at 11.45 a.m.) Bradford Tops: The market is dull, with very small business. Quotations: Merinos—7o’s, 33d; 64’s, 31d; 60’s, 30d. Cross-breds—sß's, 27d; 56’s, 25id; 50’s, 23d; 46’s and 44’s, not quoted, ' WHEAT, FLOUR, ETC. Press Association—By Telegraph—Copyright LONDON, November 4. (Received November 5, at 12.20 p.m.) Wheat: Cargoes lower. Parcels easier. Futures —London: November, 42s lOd; January, 42s lOd. Liverpool: December, 8s 33d; March, 7s ll|d; May, 7s IOJd, The spot trade is quiet. Australian (ex ship), 465. Flour: Quiet. Australian (ex store). 32s to 32s 6d. Chicago futures: December, 89J cents per bushel; May, 90i; July, Ssf. BUTTER, CHEESE, AND EGGS Press Association —By Telegraph—Copyright LONDON, November 4. (Received November 5, at 2 p.m.) Butter: Quieter. Danish, 159 sto 160 s; choicest salted Australian and New Zealand, 151 s; unsalted, Australian, 1565. Cheese: Slow. New Zealand white, 745; coloured, 735; Australian, 72s 6d to 725. Eggs: Depressed. Sevcntcens, 13s; sixteens, 12s 6d to 12s 9d; fifteens, 12s; fourteens, 11s 6d to 11s 9d; thirteen and a-halfs, 10s 6d to 10s 9d. BEET SUGAR. Press Association —By Telegraph—Copyright LONDON, November 4. (Received November 5, at 1 Beet sugar, 6s lid.

KAURI TIMBER COMPANY, Press Association—By Telegraph—Copyright SYDNEY, November 5. (Received November 5, at 1.5 p.m.) In a preliminary statement of the result for, the year ended July 31 the directors of the Kauri Timber Company report a profit of £45,340. A final dividend of 3£ per cent, is recommended, mating 6 per cent, for the year. BANK OF ENGLAND RETURN. Press Association —By Telegrapn—Copyright LONDON, November 4. (Received November 5, at 1 p.m.) The following is the Bank of England return:— —lssue Department.— Note issue in circulation £485,900,000 Bank department 40,500,000 Government securities 188,100,000 Other securities 900,000 Silver coin —Banking Department.— Rost 3,200,000 Public deposits 30,300,000 Bankers’ deposits 89,500,000 Other securities 36,600,000 Government securities 103,400,000 Discounts and advances 7,800,000 Other securities 20,800,000 Notes and coin 42,100,000 Ratio of reserve to liabilities is 26.91 per cent. The Bank of England discount rate remains unchanged at 2 per cent. RECORD PRICE FOR MERINO WOOL. Press Association —By Telegraph—Copyright MELBOURNE, November 5. (Received November 5, at 11.30 a.m.) A new Australian record for the season of 29fd for merino wool was created at the Geelong sales.. LONDON STOCK EXCHANGE. Press Association—By Telegraph—Copyright LONDON, November .4. (Received November 5, at 11.30 a’.m.) The markets were weak following a break overnight on Wall street. SALES ON ’CHANGE: THIS DAY. Auckland.—First call: Commercial Bank, 17s 6d; Mount Morgan, 11s. 12,15 p.m. call: Commercial Bank (3), 17s 6d; Abraham Williams (pref.), 955; Dominion Investment, 19s; Broken Hill (rights), 29s lid; Colonial Sugar, £47; Consolidated Brick (2), 8s; Woolworth (Sydney), 29s 4d; Mount Morgan, 11s; Rawang, 10s 9-Jd; New Zealand Stock (1952-55), 4 per cent., £lO5 ss, Christchurch.—Broken Hill Proprietary (rights), 30s (6); Electrolytic Zinc (pref.), 53s fid; Woolworths (South Africa), 14s; Broken Hill South, 38s lOd. Reported: Four per. cent. Inscribed (1943-46), £lO3 (late sale yesterday) . Wellington.—First call; Christchurch Gas, £1 7s; New Zealand Breweries, £2 9s (2). Reported; E.S. and A. Bank, £5 13s 6d; Bank of Australasia, £ll 18s; Radio (1936) Ltd., £1 Is 7dj Broken Hill (rights), £1 10s ; Noon call: Bank of New Zealand, 445; Commercial Bank, 17s 7d; Christchurch Gas, 26s 9d; New Z call and Paper Mills, 26s IJd; M'Kenzie’s, 91s 6d; Broken Hill, 64s lOd; Mount Lyell, 38s, 37s lOd,

£100 stg. N.Z T.T. £124 £124 10/ O.D. £123 10/ ■ £124 8/9 Australia— £A to £100 N.Z T.T. £101 £100 10/ Fiji— £F to £100 N.Z T.T. £90 7/6 £89 New York— Dollars to £1 N.Z . T.T.T 4.0246 3.9899 O.D. 4.0346 3.9939 Montreal — Dollars to £1 N.Z. ... T.T. 4.0219 3.9894 O.D. 4.0339 3.9934 Austria— ' Schillings to £1 V 7.. T.T. 20.83 O.D. 20.84 Belgium— Belgas to £1 N.Z, ... T.T. 23.772 . 23.462 O.D. 23.847 23.473 Czechoslovakia— Crowns to £1 N.Z. ... ... T.T. 112.96 O.D. — 113.01 Denmark— Kroner to £1 N.Z. ... T.T. 18.203 17.893 O.D. 18.263 17.899 France — Francs to £1 N.Z, ... T.T. 117.22 O.D. — 117.26 Germany— Keichmarks to N.Z, £1 ... T.T. 9.855 O.D. — 9.860 Holland— Francs to £1 N.Z ... T.T. 7.257 7.242 O.D. 7.261 7.243 Italy— Lire to £1 N.Z. ... , ... T.T. 7.584 O.D. — 7.589 Java — Francs to £1 N.Z, ... T.T. 7.311 7.161 O.D. 7.351 7.165 Norway— Kroner to £1 N.Z. ... T.T, 16.183 15.893 O.D. 16.243 15.899 Sweden — Kroner to £1 N.Z ... T.T. 15.785 15.490 O.D. 15.845 15.496 Switzerland — Francs to £1 N.Z. ... T.T. 17.468 17.198 O.D. 17.573 17.203 Noumea— Francs to £1 N.Z. ... T.T. 115.97 O.D. —- 116.01 Papeete— Francs to £1 N.Z. ... T.T. 116.02 O.D. . 116.06 Hongkong— N.Z. pence to dollar 1 ... T.T. 18 29-64 18 53-64 O.D. 18 27-64 18 53-64 India and Ceylon— N.Z. pence to 1 runee T.T. 22 3-8 22 21-32 O.D. 22 11-32 22 21-32 Japan— N.Z. pence to yen 1 ... T.T. 17 33-64 O.D, 17 33-64 Shanghai— N.Z. pence to dollar 1 ... T.T. 18 1-8 O.D. —r 18 1-8 Singapore— N.Z. pence to dollar 1 ... T.T. 34 23-32 35 13-64 O.D. 54 5-8 35 13-64 Chefoo— N.Z. pence to dollar ... . 1 ... T.T. 18 5-32 O.D. 18 9-64 Manila— N.Z. pence -to peso ... 1 ... T.T. 29 27-32 30 11-32 O.D. 29 34 30 11-32