LATE COMMERCIAL

Evening Star, Issue 22810, 19 November 1937, Page 12

LATE COMMERCIAL

BRADFORD MARKET, Press Association—By Telegraph—Copyright LONDON, November 18. (Received November 19, at 11.45 a.m.) Tbe Bradford market is weak. Confidence is lacking, and there is little demand. Merinos: 70’s, 30d; 64’s, 28d; 60’s, 27d. Cross-breds: 58’s, 24Jd; 56’s, 23d; 50’s, 20d; 4G’s and 44’s, not quoted. AUSTRALIAN LOAN. CASH CONVERSION DISAPPOINTING. Press Association—By Telegraph—Copyright LONDON, November 18. (Received November 19, at 11 a.m,) It is understood *that the cash conversions of the Australian loan have not realised expectations. MOUNT LYELL SHARES. Press Association—By Telegraph—Copyright LONDON, November 18. (Received November 19, at 1 p.m.) Mount Lyell shares are quoted at 26s 9d. METAL MARKET, Press Association—By Telegraph—Copyright LONDON, November 18. (Received November 19, at 1 p.m.) Copper.—Standard, £2B 3s Hid per ton; forward, £2B 9s 4id. Electrolytic.—Spot, £43; forward, £45. Wire bars, £45. Tin,—Spot, £lßl 12s 6d; forward, £lßl 12s fid. Lead.—Forward, £l7 Os 7i<l; spot, £l7 Os 7id. Spelter.—Spot, £ls 13s 9d; forward, £ls 16s 3d. Silver.—Fine, 19 11-16 d per ounoe, standard, 21Jd. EGG MARKET. Press Association —By Telegraph—Copyright LONDON, November 18. (Received November 19, at 2 p.m.) Eggs are very firm. Quotations : Seventeens, 13s 9d to 14s; sixteens, 13s fid; fifteens, 13s; fourteens 12s fid; thirteen and a-halfs, 11s fid to Hs 9d. WHEAT, FLOUR, ETC. Press Association —By Telegraph—Copyright LONDON, November 18. (Received November 19, at 12.20 p.m.) Wheat: Cargoes had a sharp uplift. Parcels are dearer. Futures; —London, November* 44s Id; March, 43s Id. Liverpool: December, 7s 115-8; March, 7s 93d; May, 7s 9|d. The spot trade is slow. Australian ex-ship, 43s fid. . Flour is easier. Australian, ex-store, 31s fid to 325. _ Chicago Futures: —-December, 91 7-8 cents per bushel; May, 92 1-8; July 85|. . BUTTER AND CHEESE. 1 Press Association—By Telegraph—Copyright LONDON, November 18. (Received November 19, at £ p.m.) Butter is steady at a lower level. Danish, 140 s; choicest salted. New Zealand,- 1225; Australian, 121 s; unsalted, New Zealand, 130 s; Australian, 128 s. With the arrival t of 3,175 tons of butter from Australia and New Zealand the temporary famine which caused the sudden rise in prices has ended. Over 5,000 tons are arriving before November 30 from the dominions. This supply is expected to reduce the prjce by several ponce a pound. Cheese is steady. New Zealand, white, 71s; coloured, 70s to 70s fid; Australian, white and coloured, 69s to 70s. ■ SYDNEY STOCK EXCHANGE. Press Association —By Telegraph—Copyright SYDNEY, November 19. (Received November 19, at 2 p.m.) Bonds: 4 per cent., 1947, £lOl 17s fid; 1944, £lO3 12s fid; 1950, £lO4 7s fid; 1951-55, £105; 1951-57, £lO3 ss. Shares: Bank of New South Wales, £33; Toohey’s, 32s 3d; Associated News, 24s fid; ditto (pref.), 24s 9d; Broken Hill Proprietary, fils 9d; ditto (rights), 28s fid; Electrolytic Zinc (pref.), 49s 9d; Henry Jones, 49s 3d. LONDON WOOL SALES. Press Association—By Telegraph—Copyright LONDON, November 18. (Received November 19, at 2 p.m.) At tbe wool sales 6,456 bales were offered, including 1,511 from New Zealand, and 4,670 were sold. There was a moderate selection with slow demand. New Zealand slipe cross-bred lambs, “ Makarewa,’’ top 14 Jd, average 14d. LONDON STOCK EXCHANGE, Press Association—By Telegraph—Copyright LONDON, November 18. (Received November 19, at 1 p.m.) The following are the latest quotations of Government securities: —

BANK OF ENGLAND RETURN. Press Association—By Telegraph—Copyright LONDON, November 18. (Received November 19, at 1 p.m.) The following is the Bank of England return:— . —lssue Department.— Note issue in circulation ... ... £481,100,000 Bank department 65,300,000 Government securities' ... ' ... 188,100,000 Other securities ... 900,000 Silver coin —Banking Department.— <! h. Rssb £200,000 Public "deposits '33,200,000 Bankers’ deposits 86,700,000 Other accounts 36,100,000 Government securities 76,600,000 Discounts and advances 9,000,000 Other securities 21,300,000 Notes and coin 66,800,000 Ratio of reserve to liabilities is 42.84 per cent. The Bank of England discount rate remains unchanged at 2 per cent. SALES ON ’CHANGE: THIS DAY. Auckland. —First call: Auckland Gas, 21s 6d; Woolworths (New Zealand), £5; Golden Crown, 4s 3d (2); Martha, 13s 4d; Skippers, 2d. Noon call: New Zealand Insurance, 64s 9d; Farmers’ Fertiliser, 19s 7£d; North Broken Hill, 51s 6d; Stock (1953-57), 3-J per cent,, £9B 7s 8d; Amalgamated Brick (Wellington, 1944). 6 per cent., £92. Wellington.—Morning call: National Bank of New Zealand, £2 17s lOd; Christchurch Gas (ord.), £1 6s 6d (odd lot); David Jones, £2 Is 9d; M‘Kenzies (rights), £2 3s; British Tobacco (pref.), £1 11s Id. Noon call; Dunlop, 22s 3sd; Woolworths Ltd. (second preference), 28s 6d; Moun£ Lyell, 34s IOJd. Christchurch.—4 per cent. Inscribed (1943-46), £lO3 (2) ; National Bank of New Zealand, 58s (odd parcel); New Zealand Refrigerating (10s paid), 9s 9d; New Zealand Breweries, 48s; Broken Hill Proprietary, 60s 9d (2) ; New Zealand Farmers’ Co-operative (44 oer cent. Stock, 1940), £9l 7s 6d; Mount Lyell, 34s 8d (3) ; llawang Tin, 10s 2d (2). Reported: 4 per cent. Inscribed (1043-46), £lO3,

Consols, per cent .. £76 0 0 Funding Loan, 4 p.c., 1960-90 .. Ill 15 0 Assented War Loan ... ... .. 101 5 0 Conversion Loan, 34 .. 101 15 0 Victory Bonds, 4 (ex div.) ... . .. Ill 5 0 Commonwealth, 5, 1945-75 ... .. 109 0 0 Commonwealth, 4, 1943-48 .." 102 15 0 Commonwealth, 3j, 1948-53 .. 100 5 0 Commonwealth, 3J, 1956-61 .. 92 10 0 Commonwealth, 3, 1955-58 ... .. 89 17 6 New South Wales, 44, 1935-45 .. 99 12 6 Victoria, 3, 1929-40 .. 96 3 9 Victoria, 4J; 1940-60 .. 106 6 3 Victoria, 5, 1945-75 .. 108 17 6 Queensland, 3, 1922-47 .. 97 5 0 Queensland, 5, 1940-60 .. 105 18 9 South Australia, 3, 1916 ... .. 79 12 6 South Australia, 5, 1945-75 .. 108 12 6 West Australia, 5, 1942-62 ... .. 102 0 0 Tasmania, 34, 1920-40 .. 102 17 6 Tasmania, 4, 1940-50 .. 102 15 0 New Zealand, 44, 1948-55 ... .. 105 2 6 New Zealand,- 34, 1940 ... ... .. 102 17 6 New Zealand, 3, 1945 ... ... 98 10 0