LATE COMMERCIAL

Evening Star, Issue 22805, 13 November 1937, Page 20

LATE COMMERCIAL

FRENCH BANK RATE REDUCED. Press Association—By Telegraph—Copyright PARIS, November 12. (Received November 13, at 11.30 a.m.) The French bank rate has been reduced from 3J ,to 3 per cent. GILLESPIE’S BEACH. A wash up of 430 z lOdwt was obtained for 123 hours by the Gillespie’s Beach Gold Dredging Company for the week ended yesterday. The dredge worked on the lagoon side of the cut. LONDON MEAT MARKET. The Bank of New Zealand has received the following advice from its London Office as at the close of business yesterday:—Frozen Meat.—The market for wethers is quiet and unchanged, while tho market for ewes and lambs is firm, and there is a moderate demand. Wethers: Light, 4id to s|d per lb; heavy, 3|d to 4Jd -per lb. Ewes: 2Jd to 4d per lb. Lambs: Twos, 73d to 7£d per lb; eights, 7|d to 7|d per lb; fours, 7id to 7jd per lb; seconds, 7jd to 7j|d per lb. PRICE OP GOLD. Press Association—By Telegraph—Copyright LONDON, November 12. (Received November 13, at 11 a.m.) Fine gold is quoted at £7 0s lid per ounce. DOLLAR AND FRANC. Press Association—By Telegraph—Copyright LONDON, November 12. (Received November 13, at 11 a.m.) The dollar is quoted at 4.98|. The franc is quoted at 1471.

SALES ON CHANGE THIS DAY. Auckland Commercial Bank, 17s 2d; Dominion Breweries, 40s 6d (2); Broken Hill Proprietary, 645; same (rights), 29s 6d; Macky Logan (ex div.), 24s 3d. After call: Auckland Gas, 21s 6d; Auckland Harbour Board, £lO6 10s; Colonial Sugar, £47; Bank .of New Zealand, 44s 4d. Wellington.—Bank of New Zealand, £2 4s 3d; Broken Hill (rights), £1 9s 9d; Felt and Textiles, £1 15s _9d • Felt and Textiles (rights), 14s; David Jones, £2 Is 4d; Carrier (January issue), £1 14s 9d; Mount Morgan, 12s. Sales reported: 4 per cent. Stock (1946), £103; Bank of New Zealand, £2 4s 3d; Gear Meat, 17s; M’Kenzies, £4 9s 6d: British Tobacco, £2 0s 9d; David Jones, £2 Is 4d; Broken Hill South, £1 19s 9d. Christchurch. —New Zealand Refrigerating (10s paid), 9s 8d; New Zealand Breweries, 48s 9d; Anthony Hordern, 18s 7d (2), 18s 6d (2); British Tobacco, 49s sd, 49s 6d (2); Broken Hill Proprietary (rights), 29s 6d, 29s 5d (4); G. J. Coles, 92s 3d; Hume Pica (Aust.), 20s; Woolworths (New Zealand, ord., cum div. and rights), £5 4s; Broken Hill South (cum div.), 38s 6d; Mount Lyell (cum div.), 365, 35s lid (2). Reported: Colonial Sugar, £46 17s 6d (2); Broken Hill Proprietary (rights), 29s 6d; Hume Pipe, 20s.

MOUNT LYELL SHARES. Press Association—By Telegraph—Copyright LONDON, November 12. (Received November 13, at 1 p.m.) Mount Lyell shares are quoted at 28s 9d. METAL MARKET. Press Association—By Telegraph—Copyright LONDON, November 12. (Received November 13, at 1 p.m.) Copper.—Standard, £4l Is 3d per ton; forward, £4l 6s 3d. Electrolytic.—Spot, £46; forward, £47 10s. Wire 'bars, £47 10s. Tin.—Spot, £l9B 15s; forward, £197 15s. Lead.—Forward, £l7 13s l}d; spot, £l7 15s 7id. Spelter .—Spot, £l6 14s 4sd; forward, £l6 18s l*d. Silver.—Fine, 19 13-16 d per ounce; standard, 21j}d. Antimony. British, £88; foreign, £64 10s (afloat). Molybdenite, £2 5s 6d per unit. Wolfram, £3 12s 6d. Pig Iron.—Home trade, £5 6e; foreign, uiiquoted.