COMMERCE AND FINANCE

Otago Daily Times, Issue 21254, 7 February 1931, Page 9

COMMERCE AND FINANCE

THE SHARE MARKET. DUNEDIN STOCK EXCHANGE. The list of transactions on the Dunedin Stock Exchange during the past week is much longer than has been the case since business was resumed after the holidays. Nearly all the business, it is true, has concerned the mining section, but there have also been sales in banks and one each in the insurance and breweries sections. The week has seen a sharp rise in King Solomon shares, and, following a favourable report, much business was done at 2s 6d. At the close of the market, however, signs of easing were apparent. There was only a very small margin between buyers and sellers of Commercial Banks when the market opened for the week, the quotations being 14s and 14s Id respectively. There was a sale at the former figure, and the demand increased to 14s 2d with, sellers at 14s 6d. From that point the shares commenced to ease again, and by the time the market closed the best offer was 13s 7d, with no seller in the, market.

The preference issue was also dealt in at £5 10s, but no further quotations have been received. There was a seller of Union Banks early in the week at £7, and later an offer was made of £6 12s. Business was done at £6 15s, and the market closed with a seller forward at £6 17s and no buyer in the market. National Insurances were first offered at 13s 4d. A sale took place at 13s, and the shares have continued to be offered at something over that figure without attracting further business. The shipping, coal, and loan and agency sections have all experienced a very quiet period. Contributing New Zealand Refrigeratings have been in demand at Is, sellers asking 2d more. The offer was increased latterly to Is 2d, but no business has resulted. The paid-up issue has been sought at around 6s, but sellers have been firm at 9s. There has been little activity in the miscellaneous section. Offers of 10s for ordinary Bruce Woollens have failed to attract a seller at less than 12s 6d, and the preferred shares, which have been asked for at 15s, have been quoted at 18s by sellers. From 32s up to 33s has been offered for New Zealand Breweries, but there has always been a margin of at least 6d between buyers and sellers of these shares. Up to 22s has been offered for the debentures and stock, but sellers have failed to respond. There was a sale of Staples Breweries at 325. They were offered at the close of the market, at 31s, but no buyer came forward. The first sale of King Solomons took place at Is, but it was not long before further business was done at Is Bd. Sales followed.at 2e, 2s 2d, 2s 3d (two), 2s 4d, 2s 6d (three), 2s sd, 2s 6d (four), and 2s (two), a total of 17 parcels. At the close of'the market the best offer for these shares was Is lOd, sellers then demanding 2s 2d. Eleven pence was the first offer for Kildares, sellers then asking Id more. The offer was increased to Is, but sellers ■would not accept less than Is 6d. When buyers offered Is Id sellers reduced their figure to Is sd, and sales followed at Is 4d. The last figure remained as buyers’ quotation, with a seller in the market at Is 7d. Another sale at Is 4d was recorded just before the market closed, and Is 3d was the closing offer, sellers asking Is 4d. Sale: Kildare. Is 4d. Sales reported: Staples Brewery. 325; King Solomon, 2s (two). The following _ are yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of New South Wales—Sel £26 10s. Bank of New Zealand—Sel 44s 6d. Commercial Bank—Buy I3s 7d. E.S. and A. B.ank —Sel £5. National Bank of New Zealand—Sel £5. Union Bank—Sel £6 17e. INSURANCE. National Insurance Company—Sel 13s 6d. New Zealand Insurance Company—Sel 40s. South British Insurance Company—Sel 535. Standard Insurance Company—Sel 425. SHIPPING. Huddart, Parker (pref.)—Sel 20s, COAL. Kaitangata—Buy 2s dis., sel par. Westport Coal Company—Sel 265. LOAN AND AGENCY. Goldsbrough, Mort—Sel 17e 6d. National Mortgage (“B” issue) —Sel 30s. New Zealand Guarantee Corp.—Sel 7s. MEAT PRESERVING. New Zealand Refrigerating (cont.) Buy Is 3d, sel Is 6d. South Frozen Meat (pd.)—Sel 365. MISCELLANEOUS. ■ Auckland Amusement Park (ord.) —Sel Is. Brown, Ewing (pref.)—Sel 20s 3d. Bruce Woollen Company (ord.)—Buy 10s, sel 12e 6d. Bruce Woollen Company (pref.)—Buy 15s, sel 18e. Donaghy’s Rope and Twine—Sel 355. Kaiapoi Woollen (pref.)—Buy 13s 9d, sel 14s. M’Leod Bros.—Buy £l9. National Electric —Sel 12s 6d. New Zealand Drug Company—Buy 49s 6d, sel 50s. New Zealand Paper Mills (ord.) —Sel 18s 9d. BREWERIES. New Zealand Breweries, Ltd.—Buy 325, sel 32s 6d. New Zealand Breweries Debent. —Buy 225. New Zealand Breweries Stock—Buy 225. Staples Brewery—Sel 31s. Dunedin Brewery—Buy 12s. MINING. Waihi Grand Junction—Buy 2s Id. Electrolytic Zinc' (pref.)—Buy 14s, sel 15s. Electrolytic Zinc (ord.) —Buy Bs, sel 10s. Mount Lyell—Buy 17s lid, sel 18s 6d. Kildare—Buy Is 3d, sel is 4d. Okarito—Buy. 5s 4d. Winding Creek (pd.)—Sel sd. Paddy’s Point—Sel 3s. Golden Progress—Sel 10s prem. King Solomon—Buy Is lOd. sc] 2s 2d. WAR BONDS. 4i per cent. Bonds, 1938 —Sel £9O ss. 4| per cent. Bonds, 1939 —Sel £96 ss. 4| per cent. Inscribed, 1938 —Sel £9O. 44 per cent. Inscribed, 1939—5 el £96. 5J per cent. Soldiers’ Bonds, 1933—8uy £99. 5J per cent. Soldiers’ Inscribed. 1933 Buy £99. 54 per cent. Bonds, 1936—8uy £99 ss. 52 per cent. Inscribed, 1933 —Sel £9B. NORTHERN EXCHANGES. (Per United Press Association.) The following business was done on ’Changes yesterday:— Auckland.—Sales: Government Bonds (1933) 54 per cent., £99 10s; Bank of New South Wales, £26 15s, £26 12s 6d; Bank of New Zealand, 445; Union Bank, £6 15s; New Zealand Insurance, 38s; Colonial Sugar, £29 15s; New Zealand Refrigerating (cont.). Is 3d; Mount Lyell, 18s. Christchurch.—Sales: Ashburton Electric 52 per cent. (1934). £99; Bank of New South Wales, £26 ss; Union Bank of Australia, £6 12s 6d; New Zealand Refrigerating, Is 5d (five parcels). Is 7d; New Zealand Breweries, 32s 3d; Staples Brewery, 30s 6d; King Solomon mining, 2s (two parcels); Mahakipawa Goldfields, 8d (two parcels). Sales reported: New Zealand Refrigerating (10s paid), Is 4d, Is sd, Is 7d; Colonial Sugar, £29 15s.

LOCAL AND OVERSEAS MARKETS,

DUNEDIN MARKETS. WHEAT, OATS, ETC. Although the heavy rain at the beginning of the week was beneficial in some districts, the coastal areas, on the other hand, had already had quite sufficient moisture for the time being. Reports from the country state that in many instances the crops have been badly laid. The luxuriant growth since Christmas, with, however, little sunshine, has left the crops weak and the rains have forced them down, particularly on heavy land. It is feared, with the backward season, that a good deal of the wheat will not be of milling grade. During the past two days there has been a distinct improvement in the weather, but unless a good spell of bright sunshine is experienced it will be difficult for farmers to save their crops, and there is bound to be a good deal of waste. Reports from the south go to show that the cutting of the fescue crops has been completed and that dry weather is nowneeded to enable the seed to be saved in good condition. The cutting of ryegrass is just commencing in the south, but here again sunshine is wanted to ensure a good sample of seed. The wheat crops in Canterbury are coming in fast, and it will not be long before offerings will be general from the northern province. The first lots to appear are pinched, and it is now certain that the yields will be affected by the hot northwest winds which prevailed in Canterbury for several weeks. _ Millers are anxious to secure lines of new wheat to mix with their old stocks. It is expected that deliveries of new wheat will be arriving in quantity from Canterbury next week. The first new wheat, so far as Otago is concerned, will arrive from Central Otago, where cutting is expected to commence shortly. The dry weather has had an effect on the crops in Central Otago, and the recent rains have come a little late for the autumn-sown wheat. The rains will, however, be very beneficial to the spring-sown wheat. In the meantime there is no _ quotable change in the market. Tuscan is quoted on a basis of 5s lOd, f.0.b., sacks extra; Hunters 6s, and Velvet 6s 2d. The fowl wheat market has weakened, consequent on the large quantity of crop of poor quality which will be available on account of the unfavourable weather conditions. Prices in Canterbury are declining, and 5s sd, f.0.b., sacks extra, is now being quoted from the northern province. The weakness has had its effect on the local market, and merchants are only buying from hand to mouth. Stocks in Dunedin are on the light side, and in the meantime odd lines are being secured from Canterbury. The local wholesale price may be given as 6s, sacks extra, ex store.

Millers’ prices for flour, etc., are as follow; — , ... Flour: 2001 b, £l7 ss; 100’s, £lB ss; 50 s, £lB 10s; 25’s, £l9.

Bran, £6 per ton. Pollard, £6 5s per ton. Oatmeal: 2001 b, £24 10s; 25’s, £25 10s. Little interest is still being shown m the oat market. A Gar ton’s for prompt delivery have been quoted down to 2s lid f.o.b, s.e., in the Canterbury district. Only small parcels are being taken by the'North Island to meet immediate requirements, as a, result merchants nre finding it difficult to make sales in that quarter. Algerians are offering more freely in Canterbury, and for these about 2s on trucks is the ruling figure. It will be some time yet before oats are available in this district, vvhere the main crop is of the Garton variety, The chaff market is very quiet with practically no business passing. An occasional fine is being sold, ex store, at £5 per ton, sacks extra, and there are sufficient consignments coming to hand to meet all requirements Buyers are holding off the market in view of the town prices which are expected to rule later on. The shipping market is weak, and tlie quotation for Blenheim, where the new season’s chaff is now available, is about £4 ss. f.0.b., s.i. The low prices ruling in Blenheim and Canterbury will prevent any shipments from this port this season. The wet weather early in the week prevented the digging of potatoes, and prices finned. Digging, however, has again commenced. and supplies are increasing. Best quality is to-day worth £ll P £ r ton. Growers are showing an anxiety to market their potatoes, as the current quotation is high. On the other hand the consumptive demand is poor, Marchants are only buying from hand to mouth. _ Little business is passing in seeds. Samples are arriving from Canterbury, but merchants are not anxious tb buy. There is not much outlet for seeds, and with the low prices ruling farmers are inclined to hold stocks and wait to see if there is an improvement in the position.

Produce lines are quoted wholesale as follow;

Chaff: Good quality, £5 per ton, ex store, sacks included, for prime; £4 to £4 10s, sacks extra, for medium. Eggs: Stamped, Is 4d; case’ Is 3d. Potatoes: To £ll per ton. Dairy butter; Milled bulk, 9d per lb; pats, Bd. Bacon: Is Id per lb. Hams: Ordinary, la Id; boneless. Is 2d per lb. Onions: Melbourne, 12s 6d per cwt. The dairy butter market is firmer. Supplies of eggs are easing off. The bacon market is weak. FRUIT REPORT. Fairly heavy supplies of stoned fruit have been arriving from Central Otago. The fruit, however, has been affected by the lack of sunshine, and the greater proportion is very hard and not well coloured. Good ripe, well-coloured fruit is difficult to obtain. Supplies of dessert and cooking apples have arrived from Nelson during the week. A few lines only have been forwarded from Central Otago. Ripe bananas are in short supply. The shipment of Samoans by the Maui Pomare is a litle slow in ripening into condition. Australian Valencia oranges are finished for the season. A shipment of Californian oranges is due about February 13. Cherries are finished for the season. Locally-grown strawberries are about finished for the year. Only small lots are now reaching the market. Tomatoes were in short supply early in the week, and prices firmed considerably. A day or two later larger quantities were available, and prices eased slightly. The season for red and black currants is drawing to an end. Loganberries and raspberries are still arriving from Waimate. The raspberries are smaller than the local grown, which are bringing better prices. The Waikouaiti, which arrived on Thursday from Sydney, brought supplies of pine apples and water melons. Supplies of vegetables are not heavy, but they are equal to the demand. Green peas and French beans have been meeting with a good demand. Supplies of new potatoes are. fairly heavy. The market is firm for good, sound quality. Wholesale prices are as follow: — Apples: Gravensteins, 9s per ease; Astrachans, 6s to 7e; Beauty of Bath (in crates), 3d to 4d; cookers, 7s 6d to Bs. . Bananas: Ripe, to 25s per case. Oranges: Californian navels, 36a to 40s per case. Lemons: Californian, 37s 6d to 40s per double case. Strawberries: Choice, 9d to Is 2d per pottle; others, 5d to 9d. Tomatoes: Christchurch hothouse .firsts, lOd to Is; dessert, 8d to XOd; small and inferior, 4d to 6d; local hothouse, Is to Is 2d. Apricots: Choice, .crates to 3|d; cases, 3s 6d to ss; jam, 3s to 4s. Red and black currants. 4d to 5d per lb. Pine apples, 18e to 22s 6d per double case. . ' , Plums: Dessert, 2d to 3d per lb; cooking, lid to 2d. Peaches: Crates, choice, 3d to 4*d per lb; cases, 2s 6d to 4s. Loganberries, to 7s 6d per bucket. Raspberries: Local, 7s to 8s per bucket; Waimate, 5s to 7s. Cauliflowers: Choice, 4s to 5s per sack; others. Is to 2s per sack. Cabbages, 2s 6d to 4s per sack of 18. ' Water melons, 2£d to 3|d per lb. Lettuce: Choice, Is to Is 6d per dozen; others, unsaleable. New potatoes, lid. Rhubarb, Is to Is 6d per dozen bunches; loose, Id to lid per lb. Cucumbers: Hothouse, 6s to 8s per dozen. Swedes, 4e to 4s 6d per cental bag. Green peas, 2id to 34d; medium and poor quality, Id. New carrots, 4s per sugar bag. Broad beans. Id to lid per lb. French beans, 5d to 6id per lb.

BUTTER AND CHEESE. (United Press Association.) (By Electric Telegraph —Copyright.) LONDON, February 5. Butter is in steady demand. Danish 1425. Choicest salted New Zealand, 114 s to 116 s; Australian, 110 s to 113 s, Unsalteds, 2s to 4s premium. Cheese is slow. New Zealand white and coloured, 51s and 625; Australian, 50s and 51s. WHEAT, FLOUR, ETC. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON. February 5. The spot trade is quiet. Australian, ex ship, 22s 9d to 245. Flour is steady. Australian, ex ship, 19s to 20s. ... Oats are steady. Australian Algerian, 12s to 13s; A Cartons, 16s to 17s. Peas are inactive. Blue Tasmanians, 200 s; New Zealand, 160 s to 180 s. Maples: Tasmanian, 60s to 62a 6d; New Zealand, 50s to 55s New Zealand beans, 27s to 28s. AMERICAN MONEY RATE. (United Press Association.) (By Electric Telegraph—Copyright.) NEW YORK, February 5. Call money rate of renewal was U per cent, all day.

GOLD AT WAIKAIA. (From Our Own Correspondent.) GORE, February 5. _ Considerable interest has been manifested locally in tEe strike of gold discovered at Waikaia, and a stampede has begun - for shares in the company, the King Solomon Deep Lead. Boring . in the vicinity was commenced in 1914 by Mr G. E. D. Seale, Government inspector of Keystone drills, who 1 was so impressed with the prospects that he was induced to place his experiments on a > practical basis about nine years ago, a company being subsequently formed. Up to the present the vagaries of fortune nave not been in a direction to inspire a large measure of hope, frequent changes ot management failing to bring the precious metal to light. The present mine manager, Mr R. C. Ruffin, has had a difficult task, but he has been successful in excavating to the right level, having constructed the main chamber and commenced to cut a drive to _a point corresponding with the bore driven by Seale. A crosscut from this has brought the drive to 73 feet, a strong body of wash being encountered at this, point. Approximately 20 feet has been driven through this wash to reach another bore, which, lucrative as it has been, is stated to be the least valuable sunk over a wide area. A press representative who recently visited the mine was astounded at the returns being obtained. From one pan of wash Idwt 2gr (equal to about 6oz and Idwt of gold to the cubic yard) were obtained, while two other samples produced Idwt each. If the prospects hold out the employment of extra men will be necessary. BALCLUTHA STOCK SALE. (From Cub Own Correspondent.) BALCLUTHA, February 6. There was a yarding of only a few hundred sheep at the fortnightly sale to-, day, and prices ruled in accordance with recent low levels. Fat ewes sold at 5s to 9s, and fat wethers to 11s for best. No fat lambs were penned. Store Sheep.—Lambs sold at 4s 2d, wethers to 7s. , Cattle.—A small yarding. Three and four-year-old store bullocks of good quality were passed at £8; fat cows made up to £5 10s. Dairy cows were in poor demand, and sold at £5 to £7; while two-year-old heifers, Jersey-cross, in milk, made only £2 to £4. Pigs were in .demand, and a small yarding of suckers was quickly disposed of at 22s to 28s. ___ LONDON MARKETS. Messrs Dalgety and Co., Ltd., have received the following cablegram from their head , office, London, dated Februar Dairy Produce.—The butter market is firm. The cheese market is experiencing more inquiry. Quotations are: Dsn" ish butter, 138 s to 140 s; Mew Zealand finest butter, 114 s to 116 s; Australian finest unsalted butter, 112 s to 116 s; Australian finest salted butter, 110 s Australian finest G.A.Q. butter, 106 a to 108 s. Australian cheese, white 50a to 51s, coloured 50s to 51s; New Zealand cheese, white . 50s to 525, coloured 50ai to 525; Canadian cheese, white 70s to 70s, coloured 70s to 74e. Wool. —Owing to the thick fog no woo! sales have been held to-day. f FROZEN MEAT. Lamb—The market for New Zealand lamb, any change is in favour of buyers. The demand is fair. Quotations: bl ew Zealand prime North Island lamb, 28/361b, 74d; New Zealand prime North Island lamb, 36/421b, 7Ad. Mutton. —The market -fbr New Zealand mutton is weak, and the demand is limited. Quotations are: prime North Island mutton, 4b/ 561 b, 4d, New Zealand prime North Island mutton, 56/641b, 3|d; New Zealand prime North Island mutton, 64/721b, 3|d; New Zealand prime North Island ewes, 48/641b, 3d. „ , , Beef.—The market for New Zealand beef is weak, and the demand is poor. Quotations: New Zealand prime ox beet hints 41 d, fores 3ld; Argent.ne chilled hinds. s|d. fores 3Ad. Pork. —The market for pork is weak, aul the demand is ooor . Quotations are; English porkers, 80/1001b, 9d; New Zealand porkers, 100/1201b sd; New Zealand porkers, 80/1001b, 5Jd. Australian Lamb. —The market tor Australian lamb is weak, and the demand is limited. Quotations: are. G.A.Q." Australian lamb, 28/361b, hd, G.A.Q. Australian lamb, 36/421b, 6d, F.A.Q. Australian lamb, 28/361b, sd, third Australian lamb, 4|d, Australian Mutton;—Die market tor Australian mutton is weak. ine aemand is poor. Qootaf'ons ate: G--. -DAustralian mutton, 40/601b, 3Jd, F.A.QAustralian mutton, 30/551b, Australian ewes, 3d. MELBOURNE’S MARKETS. (United Press Association.) (By Electric Telegraph—Copyright.) ' MELBOURNE, February 6. Wheat, 2s 2d to 2s 3d. Flour, £8 to £8 ss. Bran, £4. Pollard, £4 15s. Oats, Is 6d to Is /d. Barley: English. 2s 6d to 2s id. Maize, 3s lOd to 3s lid. PRICE OF FINE GOLD. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, February 5. Fine gold is quoted at £4 4s Hid per ounce. BEET SUGAR. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, February 5. Beet sugar: March, 5s 7jd. CHICAGO WHEAT MARKET. (United Press Association.) ’(By Electric Telegraph—Copyright.) NEW YORK, February 5. Chicago wheat: March, 791 cents per bushel; May, 83i; July, 67; September, 65|. BRAY BROS., FRUIT FARM AND DAIRY PRODUCE MERCHANTS, DUNEDIN. WRITE US FOR MARKET REPORT. HAVE INQUIRIES FOR ALL LINES. —Advt.

BANK OF ENGLAND RETURN. (United Pres* Association.) (By Electric Telegraph—Copyright.) LONDON, February 5. The following is the Bank of England return." —- ISSUE DEPARTMENT. Note issue in circulation .. £349,486,432 Banking department .. -.. 50,864,485 £400,350,917 Government debt .. ..... £11,015,100 Other Government securities 232,143,875 Other securities 12,477,398 Silver coin 4,363,627 Gold coin and bullion .. .. 140,350,917 £400,350,917 BANKING DEPARTMENT. Proprietors’ capital .. *.. £14,553,000 Rest .. - 3,552,757 Public deposits 9,860,978 Other deposits (bankers) .. 62,575,654 Other accounts .. •. .. 33,568,033 Seven-day and other bills .. 1,849 £124,112,271 Government securities .. .. £43,029,952 Discounts and advances .. 6,324,544 Other securities 23,203,946 Notes in reserve .. .. .. 50,864,485 Gold and silver, coin .. .. 689,344 £124,112,271 The proportion of reserves to liabilities is 48.60 per cent. Short loans are quoted at 2 per cent.; three months’ bills at 2 15-32 per cent. THE WOOL MARKET. (United Press Association.) (By Electric Telegraph—Copyright) LONDON, February 5. The wool sales were postponed owing to fog. . „ The Bradford market is firm, with somewhat less inquiry. Quotations; —Sixtyfours, 21jd; sixties, 9d; fifty-sixes, 14d; fifties, H4d; forty-sixes) 9jd; forties, 94d. BLENHEIM OIL The following report on progress at the Blenheim oil well was received yesterday by the secretary of the Dunedin Stock Exchange:—“Blenheim anchor string casing cemented in. Improved flowline, with mud trap fitted. To-day tools runinto well, clean out existing bridge. When cleared will be tubed. Several days must elapse before determining well’s producing capacity.” DAIRY PRODUCE. Messrs A. S. Paterson and Co. have received the following cablegram from their London principals, dated February Butter. —Market firm, good demand. Danish. 1435; New Zealand, 114 s to 116 s; Australian, 110 s to 113 s. Cheese.—More inquiry, 51s to 525, improving to 535. LONDON STOCK EXCHANGE (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, February 5. The following are the latest quotations for Government securities compared with the prices ruling last week:— . Last week. This week.

FOREIGN EXCHANGES. (British Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) ' RUGBY. February i.

—At a church market at Hertfordshire, England, a woman bought from a stall of odds and ends a brooch which she lost 15 years ago.

£ E. d. £ 1. d. Imperial Consols, 2% p.c. .. 57 17 6 57 12 G War Loan, 8 p.c., 1020-47 .. 103 15 0 103 15 0 Conversion Loan, 3% p.c. .. 81 15 0 81 2 6 Victory * p.c. .. .. G 95 5 8 C'wealth 6 P.c.. 1931-41 .. 87 0 0 84 15 0 C'wealtb SH p.c., 1922-27 .. 70 10 0 76 5 • N.Z. 6 p.c.. 1936-51 .. 102 2 6 101 7 5 N.Z. 4 p.c.. 1920 .. .. 5 0 90 5 • N.Z. 3% p.c.. 1940 .. 86 2 6 85 7 « N.Z. 3 p.c., 1948 .. .. .. 79 0 0 77 12 8 N.S.W. 6% p.c.. 1930-40 .. 87 5 0 87 7 « N.S.W. 6 p.c/. 1930-40 .. 84 0 0 84 5 « N.S.W. 5% P.C.. 1922-32 .. 84 0 0 82 0 9 N.S.W. 4 P.C., 1933 .. ,, S3 10 0 81 7 9 N.S.W. 3% P.O., 1930-50 .. 08 0 0 67 2 6 N.S.W. 3 p.c., 1935 .. 50 2 6 50 5 0 Vic. 6% p.c., 1930-40 .. .. 62 0 0 62 5 e Vic. 6 p.c.* 1932-42 .. .. 70 10 0 71 10 9 Vie. iY* P.c., 1040-00 .. .. 79 0 0 80 0 e Vic. 3% P.c.. 1929-49 .. .. 67 0 0 54 15 a Vie. 3 p.c., 1929-40 .. .. 52 0 0 53 0 0 Q’land 6 p.c., 1930-40 .. 84 0 0 S3 0 a Q’land 8 p.c., 1040-60 .. 70 5 0 08 17 e Q’lantl 3 p.c., 1022-47 .. 50 10 0 52 0 0 S.A. 61* 'p.c.. 1930-40 .. .. 80 0 0 85 10 0 0 0 67 15 0 S.A. 3 p.c., 1918 or after .. 46 0 0 45 0 0 W.A. 6 pc,. 1930-40 .. .. 82 0 0 S3 0 0 W.A. 3t4 p.c., 1920-35 .., 75 0 0 74 10 0 W.A. 31* P.c.. 1915-35 .. 73 0 0 G3 0 0 Tas. 61* p.c.. 1030-40 .. .. 88 0 0 88 5 e Tas. 3»* p.c.. 1020-40 .. .. 68 0 0 66 0 9 Tas. 3 p.c., 1920-40 .. .. 63 0 0 65 0 9

(Received Feb. 6, at 5.5 p.ml) Par. Feb. 3. Feb. 5. 1’aris, fr to £1 .. .. 124.21 123.8014 123.9014 Brussels, belgas to £1 35 34.83 34.82% Oslo, kr to £1 .. .. 18.150 18.1614 18.16% Stockholm, kr to £1 .. 18.150 18,14 18,14% Copenhagen, kr to £1 .. 18.150 18.1G 18.16% Beilin, marks to £1 .. 20.43 20.4214 20.42% Montreal, dol to £1 .. 4.80 2-3 — 4.86 3-31 New York, dol to £1 4.80 2•3 4.85% 4.85% Yokohama, pence to yen 24.58 24 13-16 24 13-3C Hongkong, peace to dol 24.45 1114 11% Bombay, pence to rupee 18 17% 17% Bataria. florins to £1 12.107 — — Milan. lire to £1 02.45 02.7714 92.80% Amsterdam, guild to £1 12.107 12.0814 12.09%' Prague, kr to £1 .. 24.02 164% 164% Geneva, kr to £1 .. .. 25.2214 25.14% 25.14% Vienna, schillings to £1 24.5014 34.54% 34.56% Helsingfors, marks to £1 103.334 122% 193% Madrid, pesetas to £1 25.2214 47.75 48.15 Athens, drachma to £1 25.2214 375 375 Lisbon, escudos to £1 4.5014 108.25 108.25 \ Bucharest, 1c! to £1 •• 073 817 817 „ i Rio do Janeiro, pence to milreis .. .. .. 18 4% 4 6-1* Buencs Aires, pence to pesos .. .... •• 47.82 34 5-16 84% Shanghai, pence to tael 23% 15 14 S-l