LATE COMMERCIAL

Evening Star, Issue 22956, 13 May 1938, Page 12

LATE COMMERCIAL

LONDON STOCK EXCHANGE. Press Association —By Telegraph—Copyright LONDON, May 12. (Received May 13, at 1 p.m.) The following are the latest quotations of Government securities: — '

WHEAT AND FLOUR*. Press Association —By Telegraph—Copyright LONDON, May 12. (Received' May 13, at 1 p.m.) Wheat cargoes are steadier. Parcels are quiet. Futures:—London: May, 38s 2Jd; November, 31s 9d.' Liverpool: May, 6s Bfd; July, 6s 6Jd; October, 6s 4d. The spot trade is quiet. Australian, ex ship, 35s and 365. Flour is quiet. Australian, ex store, 25s 6d and 26s 6d. Chicago futures: May, 81 cents per bushel; July, 78f; September, 79J. BUTTER AND CHEESE. Press Association —By Telegraph—Copyright LONDON, May 12. (Received May 13, at 1 p.m.) Butter is strong. Danish, 130 s. Choicest salted and unsalted: New Zealand 1345, Australian 1325. Cheese is firm. New Zealand white 70s, coloured 70s 6di Australian white 68s, coloured 68s 6d. NEMONA RETURN. [Per United Press Association.) GREYMOUTH, May 13. Nemona return: 540 z for 122 hours (141,000yds dealt with). BANK OF ENGLAND RETURN. Press Association —By Telegraph—Copyrigln LONDON. May 12. (Received May 13, at 1 p.m.) The following is the Bank of England return:— —lssue Department. Note Issue in circulation £482,200,001 Bank department 44,200,001 Government Securities 188,700,001 Other securities ... ... 300*001. Silver Coin ... . —Banking Department.— Rest 3,200.00 t Public deposits 36,600,000 Bankers’ deposits 87,900,000 Other accounts ■ ... 33,500,000 Government securities 105,700,000 Discounts and advances 7,600,000 Other securities 19,400,000 Notes and coin 45,000,000 ■ Ratio of reserve to liabilities is 28.11 per cent. The Bank of England discount rate.-, remain unchanged at 2 per c^nt.

SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copyright SYDNEY, May 13. (Received May 13, at 2.15 p.m.) Bonds: 4 .per cent., 1938, £102; 1941 £lO2 18s 9d; 1950, £lO2 17s 6d. Shares: Bank of New South Wales, £32 ss; Associated News (pref.), 245; Anthony Hordern, lßs lOJd; Australian Glass, 93s 9d; Broken Hill Proprietary, 62s 3d; Electrolytic Zinc, 42s 3d. LONDON WOOL SALES. Press Association—By Telegraph—Copyright LONDON, May 12. (Received May 13, at 2 p.m.) At the wool sales 9,905 bales were offered, including 6,781 from New Zealand, and 7,850 were sold. There was a good selection, chiefly of New Zealand cross-breds, which, together with the best Australian merinos, sold actively to the home trade and the Continent. Greasy merinos are now from par to 5 per cent, dearer, and the withdrawals are chiefly among the slipes, owing to firm limits. New Zealand greasy cross-bred: “ Motukawa,” 9d and lOd. Half-bred: “ Ngaio Downs,” lOd and 12d. Scoured merino pieces: “R. and Co/t,” 17id and 18£d. SKIN SALE POSTPONED. Messrs J. K. Mooney and Co. Ltd. have received official cable advice from Messrs Anning and Cobb, of London, stating that the rabbitskin sale which was scheduled to take place on May 25 is now cancelled, the main reason being lack of American competition. This has come about through the U.S.A buyers being unable to dress and dye their last year’s purchases, owing to a general strike in New York. At the same time, it is expected that payable prices will be obtained by trappers throughout the coming winter season, as the Australian crop is fully 30 per cent, lower this year than last. SALES ON ’PHANGE: THIS DAY. Auckland.—lo a.m. call : Rank of New Zealand. 44s Od; United Buildings, 20s; Westport-Stocktou (prof.), 5s lOd; Auckland Gas, 20s 3d; Northern Steam, 4s 4d; Consolidated Brick, 8s lid; Wool worths (Sydney), 22s 3d; Woohvorths (rights), 3s 7d, 3s 8d; G. J. Coles, 82s 6d; Martha, 12s 6d; British Tobacco, 48s Gd; Mount Morgan, Ss lOd, 8s 9d; New Zealand Stock (1939-43), £IOO. 12.15 p.m. call: Auckland Gas (con.), 14s 3d; New Zealand Stock (1943-46) 4 per cent., £lO2 15s. „ Wellington.—Morning call: Sales reported: Hnddart, Parker, £1 8s 9d; G. J. Coles, £4 2s; Farmers’ Trading, £1 0s 3d; Woohvorths Ltd. (ord.), £1 2s 3d. Noon call: 3} per cent. Stock (1939-43), £IOO ss, £100; Bank of New Zealand, 44s Gd; Taranaki Oil, 7s

sd: Mount Lyell, 26s Id; Woolworths Ltd. (rights), 3s 7d. Christchurch.—Broken Hill Proprietary (cout., cum div.), 375; Woolworths’ Properties (rights'), 3s 5d (3), 3s 7d; Woohvortlis Ltd., 22s 3d; Mount Lyell (cum div ), 26s 3d, 2Gs Id, 26s 2d! (2). Reported: Consolidated Brick, 8s lid; Rawang Tin (late sale yesterday), 9s.

Consols, per cent. ... £74 10 0 Funding Loan, 4 p.c., 1960-90 ... 113 0 0 Assented War Loan 101 5 0 Conversion Loan, 3j ... 101 15 0 ■Victory Bonds, 4 111 0 0 Commonwealth, 5, 1945-75 107 7 6 Commonwealth, 4, 1943-48 102 2 6 Commonwealth, 33, 1948-53 ... 100 7 6 Commonwealth, 31, 1956-61 91 7 6 Commonwealth, 3, 1955-58 88 12 6 New South Wales, 44, 1935-45 97 15 0 Victoria, 5, 1929-40 ... 95 6 3 Victoria, 4j, 1940-60 103 17 6 Victoria, 5, 1945-75 ... 107 7 6 Queensland, 3, 1922-47 96 10 0 Queensland, 5, 1940-60 103 10 0 South Australia, 3, 1918 75 15 0 South Australia, 5, 1945-75 ... 107 5 0 West Australia, 5, 1942-62 101 8 9 Tasmania, 31, 1920-40 102 2 6 Tasmania, 4, 1940-50 101 17 6 New Zealand, 41, 1948-55 99 15 0 New Zealand, 31, 1940 100 0 0 New Zealand, 3. 1945 91 15 0