LATE COMMERCIAL

Evening Star, Issue 23124, 25 November 1938, Page 12

LATE COMMERCIAL

DOLLAR RATES. The Associated Banks (other than the Bank of New South Wales) to-day quoted the following dollar rates on a New Zealand currency basis. They are subject to alteration without notice:— U.S.A. CANADA. (Per £1 N.Z.) (Per £1 N.Z.) SELLING— T.T. (do!) ... 3.69 9-16 3.71 13-16 ■ O.D. (dol) ... 3.69 15-16 3.72 1-16 BUYING— O.D. (dol) ... 3.74 15-16 3.77 7-16 BUTTER AND CHEESE. Press Association—By Telegraph—Coypright LONDON, November 24. (Received November 25, at 1 p.m.) - Butter is steady. New Zealand choicest saltedj 103 s to 104 s; uhsalted, 105 s. Australian salted, 100 sto 101 s; unsalted, 101 sto 102 s. Danish, 13Ss to 140 s. Cheese is quiet. New Zealand white 67s 6d, coloured 68s. Australian white, and coloured, 64s to 655. LONDON WOOL SALES. Press Association—By Telegraph—Coypright LONDON, November 24. (Received November 25, at 1.30 p.m.) At the wool sales 8,417 bales were ottered', including 4,627 from New Zealand. Altogether _7,484 were sold. There was a fairly good selection, and active competition. A good clearance was effected at firm rates. New Zealand greasy cross-bred; “ Wairere,” lid and Hid. Greasy merino; “ Woodbank,” Hid. Scoured mbrino; “ Walter Peak,” 16id and 22id. Slipe half-bred: ‘‘Three Crowns,” 14d. BRADFORD MARKET. Press Association—By Telegraph—Coypright LONDON, November 24. (Received November 25, at 1 p.m.) Bradford Tops.—Merinos; Seventies, 27d; sixty-fours, 2oid; sixties, 24|d. Cross-breds; Fifty-eights, 21id; fiftysixes, 19d; fifties, ]7d; forty-sixes, 16d (nominal) ; 'forty-fours, Kkl (nominal). The market is quiet but firm. BEET SUGAR. Press Association —By Telegraph—Copyright LONDON, November 24. (Received November 25, at 11 a.m.) Beet sugar, 5s 10id. BULOLO SHARES. Press Association—By Telegraph—Copyright LONDON, November 24. (Received November 25, at 11 a.m.) Bulolo shares are quoted at £4 13s 9d. WHEAT AND FLOUR. Press Association —By Telegraph Copyright LONDON, November 24. (Received November 25, at 1 p.m.) Wheat.—Cargoes are steady. Parcels are firmer. Futures: London -Novomber, 22s lOd; March, 22s /id. Liverpool—Old contract; December, 4s 6ld : March, 4s 6id; May, 4s 6 s d. New contract: March, 4s 3|d; May 4s 4Jd. The Chicago market was closed tor the holiday. , , , The spot trade is steady. Australian, ex ship, 25s 9d. Flour is easier. Australian, ex store* 20s 6d to 21s 6d. SHARE QUOTATIONS. Press Association —By Telegraph Copyright LONDON, November 24. (Received November 25, at 1 p.m.) Share quotations: Clutha Riverbuyers Is 6d (ex div ), sellers Is 9d; Molyneux—buyers, 7id, selleis UHd.

CONSOLS AND STOCKS. Press Association—By Telegraph—Copyright! LONDON, November 24. (Received November 25, at 1 p.m.)

SALES ON ’CHANGE: THIS DAY* Auckland.—First call-: Australian Glass. £4 19s 3d; Consolidated Brick, 7s Cd; Henry Jones, 49s 9d; Stock (1939-43), 3.J per cent.,. £97 17s 6d; Mount Eden Borough Council (1954-59), £98.1 12.15 p.m. call: Commercial Bank, IGs 2d; E.S. and A. Bank (odd lot), £3 9s; Auckland Gac (odd lot), LSs Bd, 18s 9d; New Zealand , Refrigerating, 17s 4d; Woolworthi Holdings, 14s 6d; New Zealand Stock (1938-41), 3J per cent., £97 10s; Stock (1943-46), 4 per cent., £99 ss. Wellington.—Morning call: New Zealand Breweries, £1 19s 6d. Sales reported : Petone and Lower Hutt Gas, 44 per cent. (1961), £99 ss; Christchurch Drainage Board, 44, per cent, (1938-50), £IOO 16s 3d; 4 per cent. Stock (1946), £99; Australian Consolidated Stock, 4 per cent. (1947), £lOl 15s; Australian Glass, £5 0s 6d; Broken Hill, £2 17s; Woolworths Ltd. (ordinary), £1 0s 9d, £1 0s lOd. Dnofficial list: Woolworths Properties i Ltd., £1 ss. Noon call: National Insurance, 15s lid (two sales); Woolworths Ltd. (ordinary), 20s 10d. Christchurch.—New Zealand Breweries. 39s 6d (2) ; Colonial Sugar. £-18 (2) ; Woolworths (New Zealand!, I*3 9d; Woolworths Holdings. 14s 9d Reported : Christchurch City 44 per cent. (1910-42), £IOO 15s.

Consols, £71 17 8 Funding Loan, 4, 1960-90 109 1 5 War Loan, 3i, 1952 ... 99 2 6 Conversion Loan,. 3), 1961 ... 99 10 0 Victor; Bonds, 4 ... 107 18 9 Commonwealth, 6, 1945-75 105 '6 3' Commonwealth, 4, 1943-48' ... 100 2 6 •Commonwealth, 3J, 1948-53 ... 96 7 8 Conmjonweaitb, 31, 1956-61 ... 87 0 0 Commonwealth, 3, 1935-58 ... 85 12 6 New South Wales, 51. 1930-50 94 6 3 Victoria. 3, 1929-49 ... ... ... 92 7 S Victoria, 4J. 1940-60 ... .» ... 101 15 0 Victoria, 5, 1945-75 ... ... ... 105 I 5 Queensland, 3, 1922-47 ™ 93 0 0 Queensland, 5, 1940-60 101 15 0 South Australia, 3, 1916 (opt.) 105 1 3 South Australia, 5, 1945-75 ... 75 7 8 West Australia, 4, 1942-62 99 15 0 Tasmania, 3£, 1920-40 ... ... 101 8 9 Tasmania, 4, 1940-50 100 0 0 New Zealand, 4i, 1948-58 93 7 6 New Zealand, Si, 1940 ... ... 99 0 0 New Zealand, 3, 1945 88 15 0 •Interest. THE METAL MARKET. ■ ' Press Association—By Telepaph—Copyright* LONDON, November 84. (Received November 25. at 1.30 p.m.) Following are to-day’s official (middle) quotations on the London metal market. as leported by the Australian Mines and Metal Association, compared'with those of November 23: — Nov. 23. Nov. 24, £ s, d. £ s. d. Copper— Standard, spot 44 19 45 5 7J Forward 45 3 1£ 45 9 4 Electrolytic, spot 51 5 0 51 5 0 Wire Bars— Forward 51 10 0 52 0 0 Spot ... 51 TO 0 52 0 0 Lead — Spot ... 16 6 10i 16 7 6 Forward 16 6 10J ,16 8 li Spelter— Spat ••• 14 i li 14 6 10i Forward 14 5 14 9 4i Tin— ' Spot 215 17 6 215 17 6 Forward ... ...216 17 6 216 13 9 Silver — Fine, per oz ..a 20 l-8d 20 l-16d Standard, per oz 21 ll-16d 21 5-6d BANK OF ENGLAND RETURN. Press Association—By Telegraph —Copyright LONDON, November 24. (Received November 25, at 1 p.m.) The is the Bank of England return: — —Issues Department.Note issue in circulation £476,100,000 Bank department 50,300,000 Government securities ... ... 188,200,000 Other securities ... 700.000 Silver coin ... 100.000 —Banking Department — ■ Rest ... 3,200,000 Public deposits 31,700.000 Bankers’ deposits 92.300,000 Other deposits 35,000,000 Government securities 91,800,000 Discounts and advances 12,200,000 Other securities 21,100,000 Notes and coin 51,600,000 Ratio of reserve to liabilities is 30.47 per cent. The Bank of'England discount rates remain unchanged at 2 per cent