LATE COMMERCIAL

Evening Star, Issue 22893, 26 February 1938, Page 20

LATE COMMERCIAL

BRITISH TREASURY BILLS (British Official Wireless.) T Press Association —By Telegraph—Copyright RUGBY, February 25. (Received February 26, at 1 p.m.) The amount applied for in tenders for £40,000,000 in Treasury bills was £92,030,000. The average rate per cent, for bills at three months was 10/1.39d, against 10/1.04d a week ago. AUSTRAL-N.Z. MINING BOOKS CLOSING FOR FIFTH GALL The Dunedin Stock Exchange has been advised by Austral-New Zealand Mining Ltd. that the company’s share registers will be closed from March 9 to March 18 (both days inclusive). The fifth call (which will be 2s 6d a share, making the shares 17s 6d paid) will be struck on March 15 and will be payable on April 8. MAORI GULLY DREDGE The Maori Gully dredge on Thursday reached a high reef blocking the entrance to Waimea Creek. The wash-up has been postponed to allow the full crew to proceed with blasting operations. It is expected that the dredge will get through into the creek at the end of next week, when the wash-up will take place. The dredging of the creek is expected to provide work for a minimum of three months and a maximum of six months. The claim will then be outworked. After the company sank 16 scout bores at a cost of £370 on Cameron’s option area prospecting was discontinued. The directors considered the results insufficient to warrant close boring. Other areas are now under consideration.—Greymouth Press Association. LONDON MEAT MARKET The Bank of New Zealand has received the following advice from its London office as at close of business yesterday:— The market for wethers is quiet and unchanged. For ewes, demand and prices are steady. Demand is not so food for lambs, and larger supplies ave caused prices to weaken. Quotations: Wethers—light, sid to s|d per lb; heavy, 3|d to 4|d per lb. Ewes, 2|d to 4Jd per lb. Lambs —twos, 74d to 7jd per lb; eights, 7Jd to 7Jd per lb; fours, 74d to 7id per lb; seconds, 7d to 7Jd per lb. FOREIGN EXCHANGES. (British Official Wireless.) Press Association —By Telegraph—Copyright RUGBY, February 25. (Received February 26, at 1 p.m.) The following are the mean closing rates:— Paris, franc to £1 153 25-32 New York, dollar to £1 5.02 Montreal, dollar to £1 5.02 Brussels, belgas to £1 29.55 J Geneva, francs to £1 21.594 Amsterdam, florins to £1 8.96| Milan, lire to £1 ... 95| Berlin, reichmarken to £1 12.401 Stockholm, kroner to £1 19.41 Copenhagen, kroner to £1 22.40 Oslo, kroner to £1 19.90 Vienna, schillings to £1 ... ... 264 Prague, crowns to £1 142 13-16 Helsingfors, marks to £1 2264 Madrid, pesetas to £1 nominal Lisbon, escudo to £1 110 3-16 Athens, drachmae to £1 5474 Bucharest, lei to £1 677| Belgrade, dinars to £1 ... 216 Warsaw, roubles to £1 26.50 •Rio de Janeiro, pence to milreis 2 13-16 Buenos Aires, pence to dollar ... Montevideo,"' pence to dollar ... 214 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 8.944 •Sellers. METAL MARKET. Press Association—By Telegraph—Copyright LONDON, February 25. (Received February 26, at 1 p.m.) Copper.—Standard, £4O 9s 4Jd; forward, £4O 13s 9d. Electrolytic.—Spot, £44 6s; forward, £45. Wire bars, £45. Tin.—Spot, £lB6 17s 6d; forward, £lB6 7s 6d. Lead.—Forward, £ls ss; spot, £l6 4s 4Jd. Spelter.—-Spot, £l4 8s IJd 1 ; forward, £l4 8s IJd. Silver.—Spot, 20 3-16 d an ounce; forward, 21 13-16 d. Antimony.—British, £Bl 10s; foreign, £6O (sellers). Molybdenite, £2 5s per unit (nominal). Wolfram.—Chinese, £3 16s. PRICE OP GOLD. Press Association—By Telegraph—Copyright LONDON, February 25. (Received February 26, at 11 a.m.) Fine gold is quoted at £6 19s 9Jd. DOLLAR AND FRANC. Pres* Association—By Telegraph—Copyright LONDON, February 25. (Received February 26, at 11 a.m.) The dollar is quoted at 5.01 J. The franc is quoted at 153 J. SHARE QUOTATIONS. Press Association—By Telegraph—Copyright LONDON, February 25. (Received February 26, at 11 a.m.) Share quotations: Clutha River, buyers Is 9d (ex div.), sellers 2s (ex div.). Molynenx River, buyers Is 74d, sellers Is 10id. DUNLOP EERDRIAU DIVIDEND. [Per United Press Association.) WELLINGTON, February 26. The New Zealand Stock Exchange Association has received cabled advice from the Dunlop Perdriau Rubber Com-

pany stating that the directors advise the payment of an interim dividend for the half-year ended December 31 of 5 per cent, on cumulative preference shares; _also an interim dividend of 3i per cent, on ordinary shares for the same period. BANK OF AUSTRALASIA DIVIDEND. [Pbr United Press Association.] WELLINGTON, February 26. The Bank of Australasia is advised that the directors have declared a dividend of 4s 6d a share (less British income tax at 3s 6d in the £) at the rate of 9 per cent, per annum. This makes a distribution for the year at the rate of 8 per cent, per annum. SALES ON ’CHANGE; THIS DAY. Christchurch.—Commercial Bank of Australia, 16s 6d; Broken Hill Pty., 61s lOd (2); Broken Hill Pty. (oont.), 32s 6d; Dunlop Rubber (cum div.), 23s sd; G. J. Coles, 82s 3d; Woolworths (Sydney, ord., cum div. and bonus) 26s 10s (6); Skippers, IJd (2) ; Mount Morgan, 9s 9d (SJL Reported; N.Z. Guarantee Corporation, 4s sd; Dunlop Rubber, 23s bd; Woolworths (N.Z., ord.), 21s ,3d (3); Woolworths (Sydney, ord.), 26s Bd. Wellington.—Broken Hill South, £1 14s. Sale reported: Woolworths Ltd. (ord.), £1 6s lOd.