LATE COMMERCIAL

Evening Star, Issue 23136, 9 December 1938, Page 12

LATE COMMERCIAL

FOREIGN EXCHANGES OK NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for purchase and sales of foreign exchange (all rates subject to alteration without notice):—

DOLLAR RATES. The Associated Banks (other than ihc Bank of New South Wales) quoted the following dollar rates to-day on a New Zealand currency basis. They are subject to alteration without notice:—

BRADFORD MARKET. Press Association-By Telegraph—Copyright LONDON, December 8. (Received December 9, at 1 p.m.) The Bradford market is steady. There is increased business with more confidence, reflecting firmness overseas. Quotations: Merinos—seventies, 27d; sixtv-fours, 25Jd ; sixties, 24Jd ; crossbreds —fifty-eights, 21$d; fifty-sixes, 19jd; fifties, 17d; forty-sixes, 16d (nominal); forty-fours, 16d (nominal). FRESH WAVE OP NERVOUSNESS. RUSH TO BUY DOLLARS. Press Association—By Telegraph—Copyright LONDON, December 8. ((Received December 9, at 10.10 a.m.) The fresh wave of nervousness regarding international politics and the colonial issue caused a rush to buy dollars. The authorities in London and Paris were forced heavily to support sterling and the franc. WHEAT AND FLOUR. Press Association—By Telegraph—Copyright LONDON, December 8. (Received December 9, at 1 p.m.) Wheat cargoes are steady. Parcels are firmer. Futures: London —January, 23s 5Jd: March, 23s 7d. Liverpool (old contract)—December, 4s 9gd; March, 4s Bid; May, 4s B|d; (new contract), March, 4s 4id; May, 4s sjd. The spot trade is quiet. Australian, ex ship, 265. Flour is firm. Australian, ex store, 19s Gd to 20s 6d. Chicago futures: Decern her, 64| cents per bushel; May, 673; July, 67. SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copynghi SYDNEY, December 9. This morning’s sales:—Bonds: 4 per cent., 1947, £lOl 15s; 1950, £lO2 2s 6d; 1953. £lO2 17s Od; 1955, £lO2 18s 9d; Bank of New South Wales, £3O; Tooheys, 30s 6d; Tooths, 53s 3d; Associated News (pref.), 235; Australian Glass, lols 6d; Broken Hill Proprietary, 565; Electrolytic Zinc (pref.), 48s. BUTTER AND CHEESE. Press Association—By Telegraph—Copyrigh’ LONDON, December 8. (Received December 9, at 1 p.m.) Butter: Firm. New Zealand choicest salted, 107 sto 108 s; unsalted. 110 s; Australian salted, 106 s; unsalted. ]o7s. Cheese; Steady. New Zealand white and coloured. 68s Gd to 695; Australian, G4s to 65s 6d.

CONSOLS AND STOCKS,

Press Association—By Telegraph—Copyright

BEET SUGAR

Press Association—By Telegraph—Copyright

LONDON, December 8. (Received December 9, at 11 a.m.) Beet sugar, 5s 10|d.

THE BRADFORD MARKET.

Press Association—By Telegraph—Copyright

LONDON, December 8. (Received December 9, at 2 p.m.) The Bradford market is firm. Business is quiet. SALES ON ’CHANGE: THIS DAY. Christchurch.—Coles, 80s 7d ; Woolworths (Sydney), 21s Gd (4). Reported: Commercial Bank, 16s Gd; Donaghy’s Hope, 435; Coles, 80s Gd (all late sales yesterday). Auckland. —First call: G. J. Coles, 80s Gel; Stock (1943-46), 4 per cent., £9B 10s; Stock (1939-52), 31 per cent., £96 155., Unlisted; Woolworths (Western Australia), 86s. 12.15 p.m. call: Bank of New Zealand, 40s 9d; Union Bank. £8 11s; Now Zealand Breweries (special parcel), 39s Gd; Broken Hill Proprietary, 57s 6d; G. J. Coles, 80s 6d, 81s; Woolworths (Sydney), 21s 6d ; Martha, 10s 8d; AVaihi Investment, 8s (2) ; Rural Bonds (19-47), 4 per cent., £9B 7s Cd.

Wellington.—First call: Australian Paper Manufacturers (pref.), £1 0s 3d; Woolworths Ltd. (ord.), £1 Is 4d. Reported: 3 per cent. Stock (1939-43), £97 12s 6d; Tooth and Co., £2 13s 6d; Australian Paper Manufacturers (pref.), £1 6s 3d (3) ; Broken Hill, £2 17s. Overseas listings: Woolworths’ Holdings (Sootli Africa), 15s. Noon call: 3.) per cent. Stock (1939-43), £97 12s 6d; New Zealand Breweries, 39.5; Woolworths Ltd. (ord.). 21s 4d ; T.C.f. (pref.). 23s 6d ; Waihi Investment, Bs. Unofficial list: Woolworths’ Properties, 26s 4d.

London— £100 stg. N.Z. T.T. O.D. Buying. £124 10/ £124 1/3 Selling £125 £124 19/b Australia— £A to £100 N.Z. T.T. i £100 10/ £100 Fiji— £F to £100 N.Z O.D. £90 £88 12 6 N ew York— Dollars to £1 N.Z T.T. 3.7685 O.D. 3.7735 3.7194 3.72U4 Montreal— Dollars to £1 N.Z. T.T. O.D. 3.8038 3.8125 3.7456 3.7446 Belgium— Belgas to £1 N.Z T.T. O.D. 22.497 22.572 21.957 21.962 Czechoslovakia— Korunas to £1 N.Z T.T. O.D. - 107.68 107.70 Denmark— Kroner to £1 N.Z T.T. O.D. 18.218 18.278 17.686 17.688 Finland— Marks to £1 N.Z T.T. O.D. 186.15 186.55 176.00 176.10 FrancoFrancs to £1 N.Z T.T. O.D. 144.81 139.81 139.83 Germany— Reichsmarks to £1 N.Z. ... T.T. O.D. _ 9.155 9.157 Greece— Drachmae to £1 N.Z. ... T.T. O.D. 418.68 418.83 Holland — Florins to £1 N.Z T.T. O.D. 7.024 7.064 6.769 6.771 Italy— Lire to £1 N.Z T.T. O.D. 70.44 70.46 JavaFlorins to. £1 N.Z T.T. O.D. 6.998 7.038 6.738 6.740 Norway— Kroner to £1 N.Z. ... T.T. O.D. . 16.201 16.261 15.704 15.70/ Noumea — Francs to £1 N.Z T.T. O.D. 149.81 136.31 136.35 Papeete— Francs to £1 N.Z T.T. O.D. 148.61 . 136.61 136.65 Sweden— Kroner to £1 N.Z T.T. O.D. 15.823 15.883 15.321 15.324 .Switzerland— • Francs to £1 N.Z T.T. O.D. 16.774 16.879 16.309 16.311 Hongkong— N.Z. pence to 1 dollar ... T.T. O.D. 18 7-16 18 13-32 19 3-32 19 3-32 India and CeylonN.Z. pence to 1 rupee T.T. O.D. . 22 1-8 22 3-32 22 5-8 22 5-8 Japan— N.Z. pence to* 1 yen — T.T. O.D. — 17 23-32 17 23-32 Singapore— N.Z. pence to 1 dollar ... T.T. O.D. 34 29-64 34 25-64 35 19-64 55 19-64

SELLING— U.S.A. (Per £1 N.Z.) CANADA. (Per £1 N.Z. T.T. (del) O.D. (dol), ... 3.71 ... 3.71 3-8 5-8 3.74 1-2 3.74 3-4 H!' VINO— O.D. idol) ... 3.76 3-4 3.80 1-8

LONDON, December 8. (Received December 9, at 2 p.m.) “Consols, 2£ £70 11 3 Funding Loan. 4, 1960-90 108 7 6 War Loan, 3£, 1952 98 13 9 Conversion Loan, 3i, 1961 98 2 6 Victory Bonds, 4 107 6 3 “Commonwealth, 5, 1945-75 102 13 9 Commonwealth, 4, 1943-48 98 7 6 Commonwealth, 3J, 1948-53 95 11 3 Commonwealth, 1956-61 85 15 0 Commonwealth, 3, 1955-58 84 2 6 “New South Wales, 3-£, 1930-50 92 15 0 “Victoria, 3, 1929-49 90 18 9 “Victoria, 4J, 1940-60 ' ... 99 17 6 “Victoria, 5, 1945-75 102 12 8 “Queensland, 3, 1922-47 91 17 6 Queensland, 5, 1940-60 101 15 0 “South Australia, 3, 1916 (opt.) 102 10 0 “South Australia, 5, 1945-75 ... 73 5 0 “West Australia, 4, 1942-62 ... 9717 6 “Tasmania, 3£, 1920-40 “Tasmania, 4, 1940-50 100 2 7 98 5 0 New Zealand, 1948-58 92 12 6 New Zealand, 3£, 1940 98 2 6 New Zealand, 3, 1945 * Ex interest. 86 12 6