LATE COMMERCIAL

Evening Star, Issue 22873, 3 February 1938, Page 14

LATE COMMERCIAL

LONDON WOOL SALESPress Association —By Telegraph—Copyright LONDON, February 2. (Received February 3, at 1.15 p.m.) At the wool sales 6,877 bales were offered, including 2,449 from New Zealand. Altogether 5,510 bales were sold. Tbe moderate selection met a sustained demand, and the ruling rates were maintained. There were frequent withdrawals among the inferiors. New Zealand greasy cross-bred, “ EHJ,” 10|d and Hid; “PM AT A,” HJd and Hid; “ Ririwai,” 10id and'llfd. Slipe halfbred lambs, “ Eclipse,” Hid and 13|d. FOREIGN EXCHANGES. - (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY, February 2. (Received February 5, at noon.) The following are the mean closing rates: — Paris, franc to £1 152 25-32 New York, dollar to £1 ... ... 5.00) Montreal, dollar to £1 5.00 5-8 Brussels, belgas to £1 ... 29.57) Geneva, francs to £1 21.611 Amsterdam; florins to £1 ... ... 8.96 J Milan, lire to £1 95) Berlin, reichmarken to £1 ... 12.41 Stockholm, kroner to £1 ... ... 22.40 Copenhagen, kroner to £1 22.40 Oslo, kroner to £1 ... ...19.90 Wenua, schillings to £1 ... ... 26) Prague, crowns to £1 ... ... ... 142 s*B Helsingfors, marks to £1 226) Madrid, pesetas to £1 ... nominal Lisbon, escudo to £1 ... 173 3-16 Athens, drachmae to £1 547) Bucharest, lei to £1 667) Belgrade, dinars to £1 216 Warsaw, roubles to £1 ... ... •Rio do Janeiro, pence to milreis 2 27-32 Buenos Aires, pence to dollar ... Montevideo, pence to dollar 22) Bombay, pence to rupee 18) Hongkong, pence to dollar ... ... 15 Shanghai, pence to dollar 14 3-16 Yokohama, pence to yen 14 Batavia, florins to £1 ... 8.94) • Sellers. METAL MARKET. Press Association—By Telegraph—Copyright LONDON, February 2. (Received February 3, at 1 p.m.) Copper'.—Standard, £39 16s IOJd per ton; forward, £4Q Is IOJd. Electrolytic.—Spot, £44 ss; forward, £44 15s. Wire bars, £44 15s. Tin.—Spot, £lB3 2s 6d; forward, £lB2 10s. Lead.—Forward, £ls 15s 7)d; spot, £ls 19s 4)d. Spelter.—Spot, £l4; forward, £ls. Silver.—Spot, 20 3-16 d an ounce; forward, 21 13-16 d. SYDNEY STOCK EXCHANGE. Press Association —By Telegraph-43opyrighfc SYDNEY, February 3. (Received February 3, at 1 p.m.) Bonds: 3) per cent., 1948, £9B 15s; 4 per cent., 1938, £lOl 13s 9d; 1944, £lO5 2s. 6d; 1957, £lO4 15s. Shares: Tooths, 565; Austral. Gas, £7 8s 6d; Austral. Glass, 94s 6d; British Tobacco, 50s 3d; Colonial Sugar, £46 15s; Farmers, 335; Henry Jones, 49s 3d. NEW ZEALAND LOAN AND MERCANTILE SHARES. Press Association—By Telegraph—Copyright LONDON, February 2. (Received February 3, at 1 p.m.) New Zealand Loan and Mercantile shares: Ordinary, £3B 10s; preference, £BS 10s. THE MONEY MARKET. Press Association—By Telegraph—Copyright LONDON, February 2. (Received February 8, at noon.) Discount and short loan interest rates, day to day loan, ) per cent.; fine trade hills, three months, 2 to 2) per cent.; bank bills, three months, 9-16 per cent.; bank bills, six months, 9-16 per cent.; Treasury bills, two months, J per cent.; Treasury bills, three months, ) per cent.; New York call money, 1 per cent. SALES ON ’CHANGE: THIS DAY. Christchurch.—G. J. Coles, 82s 3d; New River, 7d (4); Moonlight Goldfields, sd; Broken Hill South (cum div.), 35s 6d; Mount Lyell, 31s 3d (8) ; Mount Morgan, 9s 9d. Reported: Mount Lyell, 31s 4d. Auckland.—Bank of New Zealand, 43s 4d;: Milne and Choyce, 14s 9d; Colonial Sugar, £46 10s; Mount Morgan, 9s lOd; Mount Albert (1952), £lO3 10s; Amalgamated Brick, £92; Perpetual Forests (4s paid), 17s 6d. Noon call; Commercial Bank, 16s Hd; Bank of New Zealand, 43s 3d; Taupiri Coal, 17s; British Tobacco, 49e 10)d; Waihi Investments, 9s lOd. Wellington.—Morning call: Woolworths Ltd. (ord.), £1 5s 6d; Mount Morgan, 9s 9d. Reported: New; Zealand Investment Mortgage, 9s 6d; Tooheys Ltd., £1 12s 4d. Noon, call: 4 per cent. Stock (1946), £lO4 2s 6d; Tooth’s, 565; G. J. Coles, 82s 6d; Woolworths (N.Z., ord.),' 20s 6d; Woolworths Ltd. (ord.), 25s sd, 25s 6d, and 2os s)d; Colonial Sugar, £46 10s; Australian Glass, 93s 9d; Mount Morgan, 9s 9d; Mount Lyell, 31s sd, GOLDEN SANDS RETURN. - [Per United Press Association.] . GREYMOUTH, February 3. The Golden Sands return was 340 z 2dwt for 38 shifts.