LATE COMMERCIAL

Evening Star, Issue 22913, 22 March 1938, Page 12

LATE COMMERCIAL

FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY, March 21. (Received' March 22, at 1 p.m.) The following are the mean closing rates:— Pans, franc to £1 162 11-16 New York, dollar to £1 ... 4.96 Montreal, dollar to £1 ... ... 4.93} Brussels, belgas to £1 ... 29.49 Geneva, francs to £1 ••• ... 21.64} Amsterdam, florins to £1 ... ... 8.97| Milan, lire to £1 94} Berlin, reichmarken to £1 ~. 12.37} Stockholm, kroner to £1 19.42 Copenhagen, kroner/to £1 ... 22.40 Oslo, kroner to £1 .1. ... 19.90 Vienna, schillings to £1 ... ...26} Prague, crowns to £1 ... 141 11-16 Helsingfors, marks to £1 „. 226} Madrid, pesetas to £1 ... ... nominal Lisbon, escudo to £1 ... 110 3-16 Athens, drachmae to £1 547} Bucharest, lei to £1 ... ~. 677} Belgrade, dinars to £1 216 Warsaw, roubles to £1 26.40 •Rio de Janeiro, pence to milreis 2 13-16 Buenos Aires, pence to dollar ... Montevideo, pence to dollar ... 21} Bombay, pence to rupee ... ... 18} Hongkong, pence to dollar ... ... 14 13-16 •Shanghai, pence to dollar ... 14} Yokohama, pence to yen 1315-16 Batavia, florins to £1 ... 8.96 * Sellers. SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copyright SYDNEY, March 22. ■ (Received March 22, at 2 p.m.) Bonds: 3 per cent., 1948, £95 ss; 3} per cent., 1948, £IOO ss; 3| per cent., 1949, £lO2 10s; 4 per cent., 1938, £lOl 15s; 4 per cent., 1944, £lO4 6s 3d; 4 per cent., 1947, £lO3 13s 9d; 4 per cent., 1950, £lO4 3s 9d; 4 per cent., 1953, £lO4 7s 6d; 4 per cent., 1955, £lO5 2s 6d; 4 per cent., 1957, £lO5 12s 6d. Shares: Bank of Australasia, £lO Is; Commercial Bank of Sydney, £2l; Bank of New South Wales, £32 ss; Tooth’s, 565; Austral Gas (A), £7 6s 6d; Austral Glass, 91s 6d; British Tobacco, 49s 6d; Broken Hill Proprietary, 61s 3d: Colonial Sugar, £46 2s 6d; Electrolytic'Zinc, 45s 6d; pref., 48s 6d.

METAL JMARKET. Press Association—By Telegraph—Copyright LONDON, March 21. (Received March 22, at 1 p.m.) Copper.—Standard, £4O 8s 9d; forward, £4O 13s lid. Electrolytic.—Spot, £44; forward, £45. Wire bars, £45. Tin.—Spot, £lB4 12s 6d; forward, £lB4 18s 9d. , Lead.—Forward, £l7 3s lid; spot, £l7 3s lid. , „ Spelter.—Spot,\£l4 18s lid; forward, £l4 18s lid. Silver.—Spot, 20 7-16 d an ounce; forward, 22 l-16d. ■ THE WHEAT MARKET. Press Association —By Telegraph—Copyright LONDON, March 21. (Received March 22, at 1 p.m.) Cargoes are lower. Prices are easier. Futures :—London: March, 40s sid; May, 39s sid. Liverpool: March, 6s 7id; May, 6s BJd; July,-6s 7Jd; Octoher, 6s 6id. Chicago quotations: May, 86 cents per bushel; July, 83; September, 83|d. BRADFORD MARKET. Press Association—By Telegraph—Copyright LONDON, March 21. (Received March 22, at 1.30 p.m.) Bradford tops are barely; steady. Cross-breds are firm, especially the lower grades. Yarns are generally steady.

LONDON WOOL SALES. The National Mortgage and Agency Company of New Zealand Limited this morning received the following cablegram from its London office: —The auctions continue fairly animated. The market has developed a better tone since the opening, particularly for greasy cross-breds and slipe wools generally. / The following prices are current:—Merino —super., 15d to 15id; average, 12d to 13d. Fine half-breds—-super., 56/68’s, 13d to 13Jd; average, 12Jd to 13d. Medium half-breds—-super. 50./56’s, HJd to 12d; average, lid to Hid. Coarse half-breds—super. 48/50’s, lid to Hid; average, 103 d to Hd. Fine cross-breds—super. 46/48’s, 104 d to lld; average, 10id to 10id. Medium cross-breds—super. 44/46’s, 10Jd to 10Jd; average, lOd to 10id. Coarse cross-breds—super. 40/44’s, 10id to 103 d; average, lOd to 10}d. Low cross-breds—super. 36/40’s, 10Jd to 103 d; average, lOd to 10id. Pieces, Bid to 9d. Bellies, 8d to Bid. Locks, sid to 6d.

SALES ON ’CHANGE: THIS DAY. Wellington.—First call: Bank of New Zealand, £2 3s 6d: Woolworths Ltd. (ord.), £1 6s 6d; Broken Hill South, £1 12s 4d. Sales reported: Queensland Brewery (rights), 3s; Woolworths Ltd. (ord.), £1 6s 4d: W. R. Carpenter, £2 6s 3d. Noon call: Dalgety and Co., £8 10s 6d; Equitable Building, 12s 6d; Broken Hill, 60s 9d (2) : Broken Hill South. 32s 3d: Colonial Sugar, £45 17s 6d; Woohvortns (New Zealand, ord.), 21s 9d. Christchurch.—N.Z. Guarantee Corporation (cum div.), 4s 5d (2); Andersons (pref.), 18s; Broken Hill Proprietary, 60s 9d; (Broken Hill Proprietary (cent.), 31s; Woolworths Ltd. (ord., cum div. and bonus), 26s 6d; Grey River (10s paid), 12s 7d; Skippers Ltd., Jd; Waini Investments, 9s; Broken Hill South, 32s 4d (6); Mount Morgan, 9s 8d: North Broken Hill (cum div.), £2 12s. Auckland.—First call: South British Insurance, 45s 9d; Westport, 2s 6d; Wilsons Cement, 17s Hd; Bank of New Zealand (2), 43s 3d; M.K. Manufacturing, 11s 3d; N.Z. Stock (1953-57), £9B 10s 12.15 p.m. call: Tooley’s, 31s 4d; Woolworths (Sydney, ex bonus), 225.