LATE COMMERCIAL

Evening Star, Issue 22892, 25 February 1938, Page 12

LATE COMMERCIAL

FOREIGN EXCHANGES. (British Official Wireless.) frees Association—By Telegraph—Copyright RUGBY,— February 24. (Received February 25, at 1 p.m.) The following are the mean closing rates;— Paris, franc to £1 154^ New York, dollar to £1 5.01 9-16 Montreal, dollar to £1 ... 5.01 9-16 Brussels, belgas to £1 . ... 29.551 Geneva, francs to £1 21.59 j Amsterdam, florins to £1 8.96| Milan, lire to £1 ... 95J Berlin, reichmarken to £1 12.391 Stockholm, kroner to £1 19.401 Copenhagen, kroner to £1 22.40 Oslo, kroner to £1 ... 19.90 Vienna, schillings to £1 264 Prague, crowns to £1 142 9-16 Helsingfors, marks to £1 226£ Madrid, pesetas to £1 nominal Lisbon, escudo to £1 110 3-16 Athens, drachmae to £1 5471 Bucharest, lei to £1 677 j Belgrade, dinars to £1 215 Warsaw, roubles to £1 ... ... 26.50 •Rie.de Janeiro, pence to milreis. 2 13-16 Buenos Aires, pence to dollar ... " Montevideo, pence to dollar ... 211 Bombay, pence to rupee 184 Hongkong, pence to dollar 15 Shanghai, pence to dollar 14 3-16 Yokohama, pence to yen 13 63-64 Batavia, florins to £1 ... 8.941 •Sellers, BANK OF ENGLAND RETURN. PreM Association—By Telegraph—Copyright LONDON, February 24. • (Received February 25, at 1 p.m.) The following is • the " Bank of England return' —lssue Department.— Note issue in circulation £474,500,000 Bank department _ _ ...‘ 51,900,000 V Government securities ... 188,300,000 Other securities ... ... 700,000 Silver com ... ' —Banking Department.— Rest ... ... ... ••• 3,700,000 Public deposits ... 16,700,000 ' Bankers’ deposits ... 105,600,000 Other accounts ... ... ... 35,600,000 Government securities 97,400,000 Discounts and advances 6,500,000 Other securities 19,500.000 Notes and coin 52,700,000 Ratio of reserve to liabilities is 33.35 per cent. The Bank of England discount rates remain unchanged at 2 per cent. MOUNT MORGAN PRODUCTION. (■! (Put United Press Assooittok.] WELLINGTON, February 25. The .New Zealand Stock Exchange 'Association has received advice from Mount Morgan Ltd. that for the four ■weeks ended February 23 the ore mined totalled 58,723 tons. Ore treated; Sulphide, 32,700 tons; oxidised, 27,893 ifius. Estimated production: Gold, 5,026 ounces; copper, 204 tons. METAL MARKET. press Association—By Telegraph—Copyright LONDON, February 24. (Received February 25, at 1 p.m.) Copper.—Standard, £4l 4s 4Jd; forward, £4l 8s 9d. Electrolytic.—Spot, £45; forward. £46. Wire bars, £46. Tin.—Spot, £lB9 7s 6d; forward, £lB9 2s 6d. Lead. —Forward, £ls 15s 7Jd; spot, S£ls 15s 7id. Spelter.—Spot, £ls 3s 9d; forward £ls 3s lid. Silver.— Spot, 204 dan ounce; forward, 21 11-16 d. LONDON STOCK MARKETS. Press Association—By Telegraph—Copyright LONDON, February 24. (Received February 25, at 1.5 p.m.) The markets have turned but the Undertone is' firm. . NEW GUINEA GOLD/SHARES. Press Association—By Telegraph—Copyright LONDON, February 24. (Received February 25, at 1.5. p.m.) New Guinea Gold shares are quoted ; «t la l|d. SHARE QUOTATIONS. Pres*. Association—By Telegraph—Copyright LONDON, February 24. '(Received February 25, at 1.30 p.m.) Clutha River: Last closing, Is 9d (ex div.); to-day’s closing, 2s (ex div.), iMolyneux River: Last closing, Is 4Jd; to-day’s closing, Is 7id. PRICE OF GOLD. Prats Association—By Telegraph—Copyright LONDON, February 24. (Received February 25, at 11 a.m.) Fin® gold is quoted at £6 19s Did. DOLLAR AND FRANC. Press Association —By Telegraph—Copyright LONDON, February 24. (Received February 25, at 11 a.m.) •' The dollar is quoted at 5.01 9-16. The franc is quoted at 153 5-16. . ; BRADFORD MARKET. Press Association—By Telegraph—Copyright LONDON, February 24. '(Received February 25, at 1 p.m.) , Bradford Tops.—Merinos: 70’s, 27id; 64’s, 254 d; 60’s. 24fd. Cross-breds: - 68’s, 21d; 56’s, 18id; 50’s, 17d; 46’s, 16J (nominal); 44’s, 16id (nominal). There is a fair amount of business passing, and the opinion is expressed , that low levels have been reached. SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copyright SYDNEY, February 25. (Received February 25, at 2 p.m.) Bonds: 4 per cent., 1938, £102; 1957, £lO4 17s 6d. Shares: Bank of New

South Wales, £32 10s; Australian Gas (A, ex div.), £7 9s: Broken Hill Proprietary, 62s 6d; Fairy mead Sugar, 34s 9d; General Industries, 19s 44d; Coles, 83s 3d; Goldsbrough, 31s; Henry Jones, 49s 3d; Meggitts, 31s. SALES ON ’CHANGE: THIS DAY. Auckland. —First call: Bank of New Zealand, 42s lid; Taupiri, 17s; Auckland Gas (2), 20s 3d; K.D.V. (cont.), 4s 9d; Broken Hill Proprietary, 625; Martha, 15s 3d; Mount Lyell, 31s 6d. Noon call: Auckland Gas (2), 20s 3d; Northern Steam, 4s; New Zealand Breweries, 45s 6d; Reid Rubber, 265; Woolworths (Sydney), 26s 9d; Mount Morgan, 9s lid; Rawang, 9s 6d; Franklin Power Board (1950), 4J per cent., £lO5. Wellington.—First call: G. J. Coles, £4 2s; Henry Jones, £2 9s; Woolworths (New Zealand ordinary), £1 Is 6d. Sales reported: Wellington City 4i per cent. (1956), £lO5 15s; Blenheim Borough 44 per cent. (1955), £105; Wellington Harbour Board (1940), £lO3 ss; Bank of New Zealand, £2 3s; Woolworths Ltd. (ordinary), £1 7s, £1 7s 2d 'Noon call: 34 per cent. Stock (1953-57), £93 2s 6d; 4 per cent. Stock (1946 L £lO2 7s 6d; same (1949), £lO4 ss; 34 per cent. Stock (1938-52), £103; New Zealand Breweries, 45s 9d; Woolworths Limited (ord.), 26s 9d. Christchurch. —34 per cent. Inscribed Stock (1953-57), £97 15s; N.Z. Guarantee Corporation, 4s 4d; British Tobacco, 49s 3d, 49s 4d (2); Broken Hill Proprietary, 62s 4d (2) ; Electrolytic Zinc (cum div.), 47s 6d; G. .1. Coles, 82s; United Provisions, 6s 3d; Woolworths (N.Z.), 21s 6d, 21s 3d; Grey River (8s 9d pd.), 11s 6d (2); New R-iver, 6d; Broken Hill South (cum div.), 34s 6d; Mount Lyell, 31s 3d; Mount Morgan, 9s lid; Wellington Alluvials, _ss 3d. Reported : Woolworths Limited (ord, cum div. and bonus), 26s lid.