BRITISH FINANCE

Hawke's Bay Tribune, Volume XXIII, Issue 82, 18 March 1933, Page 7

BRITISH FINANCE

LEADING STOCKS FIRM GENERAL ADVANCE REGISTERED NEW CONVERSION ISSUE. (British Official Wireless.) (Received 18, 12.30 p.m.) Rugby, March 17. The salient feature of the Stock Exchange market was the strength of leading British Government stocks which registered a general advance of 2/6 to. 13/9. Notice is given by the Treasury of a new issue of 2) per cent, conversion loan 1944-49 to be offered by tender or otherwise. Each tender must be for an amount not less than 1:1(1,000. The object of the issue is to clear up the volume of Treasury bills which, owing to the financing of 1:80,006,000 of foreign credits in the early part of the year exceeds the amount ordinarily outstanding. PRICE EOF GOLD. (Received 18, 10.45 a.m.) London, March 17. Gold is quoted at £6 0/3 an ounce. BASE METALS MARKET. (Received 18, 10.10 a.m.) Sydney, March 17. The official London (middle) quotations for Thursday, as received by the Australian Mines and Metals Association, compare as under with those previously cabled:—

per oz. ... 17 9-16 d 17 7-8 d Fine, per oz. . 19d 19 5-16 d not quoted. * American, 5.25 cent, a lb.

Mar. 15. Per ton. Mar. 16. Per ton. Copper— £ s d £ s d Standard. spot Standard. 28 6 10} 28 7 6 forward .. 28 11 10* 28 12 6 *Electrolytic • 33 5 0 33 15 0 to 33 10 0 33 5 0 Wire bars . 33 10 0 33 5 0 Lead — Spot 10 11 3 10 14 4} Forward .... 10 5 0 10 18 9 Spelter— Spot 14 18 9 14 18 9 Forward .... 14 16 3 14 17 6 Tin— JSpot 148 18 9 149 17 6 For-ward .... 149 13 9 150 11 3 • Silver — Standard,