COMMERCE AND FINANCE

Otago Daily Times, Issue 21980, 15 June 1933, Page 2

COMMERCE AND FINANCE

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Business in Westport Coals at 11s 9d and 11s lOd was reported on the Dunedin Stock Exchange yesterday, further offers of 11s 8d finding sellers firm at 12a 3d. Paid-up New Zealand Refngeratings were dealt in at 14s lOd and los, and I the contributing shares changed hands at 6s 2Jd and 6s 3d. The foimer shares now have an unsupphed buyer at 14s lOd. The other issue is wanted at 6s 2d; with sellers demanding Id more. An offer of 11s 6d for Kauri limbers failed to attract a seller. Up to f 1 12a 6d was offered for New Zealand Breweries, but no shares were placed on the market. Waitahus were available at 7s 6d, but no buyer came forward. SALES ON ’CHANGE. £ s. d. N.Z. Refrigerating (cont.; (three) •• 0 6 3 SALES REPORTED. - Westport Coal 0 11 N.Z. Refrigerating (paid) .. 0 14 10 0 If) v) N.Z. Refrigerating (cont.) ..0 6 2| UNLISTED STOCK. Bell-Hooper (two) .. .. • • 0 1 3 The following are yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage:— BANKING.

INSURANCE.

SHIPPING.

COAL.

MEAT PRESERVING.

MISCELLANEOUS.

BREWERIES.

MINING.

GOVERNMENT LOANS.

DIVIDENDS PAYABLE. The following is a list of shares on which dividends will shortly be payable: — Golden Sands, 3-sd, fir,\t June 15 Okarito, 6d. fourth June 16 Australian Glass, Is 2 2-sd, final June 22 Broken Hill South, Is .. .. June 23 Bank of N.Z., la, final .. June 24 North Broken Hill, Is . . ~, June 29 Goldsbrough, Mort, 6d, . final .. June 29 British Tobacco, 3 3-sd, interim June 30 N.Z. Breweries, 8 2-sd, final .. July National Mortgage (£2 paid), Is, interim July I National Mortgage (£1 i>aid), 6d, interim July 1 N.Z. and River Plate, 7 l-sd, interim July J.

LOCAL’ AND OVERSEAS MARKETS.

NORTHERN EXCHANGES (Per United Press Association.) The following business was done on ’Changes yesterday:— Auckland.—Sales; Stock (1940), 4 per cent., £IOO 15s; Bank of New Zealand, 47s 4d, 47s 6d: Union Bank. £8 8s; New Zealand Insurance, 49s sd, 49s 6d; Standard, 52s 3d; Goldsbrough, Mort, 25s lOJd; New Zealand Breweries, 32s 9d (four parcels); Colonial Sugar, £3B 7s 6d, £SB; Consolidated Brick, 4s 3d; Farmers’ Trading (B pref.), 7s 6d; New Zealand Newspapers, 25s 6d (two parcels); New Zealand Refrigerating (paid), 14s lid; New Zealand Refrigerating (cont.), 5s lOd/ 6s Is; Woolworths (Aust.), pref., new issue, 25s 6d; Blackwater, 23s 3d; Waihi, 22s 3d; Okarito, 11s. Unofficial list: Claude Neon Lights, 235; Bell Kilgour (6d paid), Is 6d (odd lot). Wellington.—Sales; Commercial Bank of Australia, 15s 9d; Commercial Bank of Australia (preference), £8 19s; Bank of New South Wales, £32 ss; Bank of New Zealand, 47s 6d; Bank of New Zealand (long term), 31s (three parcels); Union Bank, £8 Ss; New Zealand Guarantee Corporation, 6s 3d; New Zealand Insurance, 49g 6d; New Zealand Refrigerating (paid), 14s lid; New Zealand Refrigerating (cont.), 6s 2d; New Zealand Breweries, 32s 6d (two parcels); Big River, Is Vd; Nokomai, 4s 9jd; Golconda, 9d; Waihi, 22s 4d; Mount Lyell, 22s 6d (late Tuesday), 22s 4d, 22s 4Jd. Christchurch.—Sales: 4 per cent. Inscribed (1940), £IOO 10s (two parcels); Commercial Bank of Australia, 15s 9d, 15g Hd; Copimercial Bank of Sydney, £l6 18a (three parcels); Bank of New South Wales, £32 ss; National Insurance, 16s lid; United Building Society, 17s 2d, 17s 3d; New Zealand Refrigerating (£1 paid), 14s lid, 15S, 13s Id (two parcels); New Zealand Refrigerating (10s paid), 6s 2d (seven parcels), 6s 3d (two parcels); New Zealand Breweries (cum div.), 33s (two parcels); Mount Lyell, 22s 3d (two parcels); Wilsons Cement, 31s 9d; Alexander (13a'6d paid), 10s 9d; Big River, Is Sid; Freshford, le 3d, Is 24d; King Solomon. Is 7£d (two parcels); Lawson’s Flat (Is paid), Is, 9d,' lg BJd (three parcels); Mahakipawa, 2d; Nokomai, 4s Bid (two parcels). Sales reported: Christchurch Trams, 4i per cent. (1934), £99; New Zealand Refrigerating (£l paid), 14s lid; New Zealand Refrigerating (10s paid), 6s 3d (three parcels), 6s sd, 6s 3d (two parcels); Commercial Bank of Sydney, £l6 18s; Bank of New Zealand (“ D ” Mort.), 31s; Goldsbrough, Mort, 26s 3d; Westport Coal, 11s lid; Mount Lyell, 225• 6d. Unlisted sales: Bell Hooper, Is 2d (six parcels); Snowy River, 3s lOd; Investment Executive Trust (B debs,), £BB. AUSTRALIAN STOCK EXCHANGES (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, June 14. (Received June 14, at 8 p.m.) On the Stock Exchange the market was active around late levels. There was a tendency towards profit-taking in some of the leading industrials. Commonwealth Bonds were stronger. Sales.—Bank of New South Wales, £3l 17s fid; Commercial Bank of Australia, 16s 3d; Commercial Bank of Sydney, £l7; Burns, Philp, 535; Associated News, 9s 4d; Associated News (pref.), 19s 3d; Australian Gas (A), £7 4s; British Tobacco, 35s 4id; Dunlop Perdriau, 18s 9d; Goldsbrough, Mort, 26s 6d; Commonwealth Wool, 15s 6d; Amalgamated Wireless (cont.), 23s 6d; David Jones, 265; Meggitts, 19s 3d; Morris Hedstrom, 17s 6d; Wilcox Mofflin, 8s; Winchcomhe Carson, 26s 3d; Fairymead Sugar, 28s 3d; Tooths, ,37s 9d; Tooheys, 235; Electrolytic Zinc (pref.), 32s 4Jd; Zinc Corporation, 31s; Broken Hill Proprietary, 345; North Broken Hill, 81r 6d; 4 per cent. Commonwealth Bonds —1938 £lO4 ss, 1941 £lO2 17s 6d, 1944 £lO2 18s 9d, 1950 £lO3 12s 6d. 1953 £lO4, 1957 £lO3 ss, 1959 £lO3 ss, 1961 £lO3 8s 9d. .« .. > s SYDNEY, June 14. Morning sales: 4 per cent. 1947 Bonds, £lO2 10s; Australian Gas (A), £7 4s; Associated News, 9s 4d; Associate.- News (pref.), 9s 3d; Goldsbrough, Mort, 26s 6d; Tooheys, 235. MELBOURNE, June 14. (Received June 14. at 8 p.m.) Sales.—Electrolytic Zinc (pref.), 32s 6d; Dunlop Perdriau, 18s lOd; Herald and Weekly Times, 56s 6d; Mount Lyell, 22s 6d; South Broken Hill, 54s 9d. LONDON STOCK EXCHANGE (United Press Association.) (By Electric .Telegraph—Copyright.) LONDON. June 13. Dalgety and Co. shares, £6 12s 6d; debenture stock, £88; Goldsbrtmgh, Mort., £79 10s. / ■ \ PRICE OF FINE GOLD (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 13. Fine gold is quoted at £6 2s 2d per oz. THE WHEAT MARKET (United Press Association.) (By Electric Telegraph -Copyright.) NEW YORK, June 13. Chicago Wheat.—July, 77i cents per bushel; September, 79i; December, 81J. New York, cash, 875. LONDON FRUIT MARKET The Otago Provincial Fruitgrowers’ Council, Ltd., advises that the High Commissioner’s cabled report for the week ended June 10, on the London fruit market, is as follows: Apples.—Port Curtis discharging soxind but forward fruit. Karnmea and Somerset discharging fruit ' in good order. Limited sales of fruit ex various ships at the following prices:—Stunner, 8s to 10s 6d; Delicious, Jonathans, and Dunn’s. 7s to 10a fid; Ballarat, 9s 6d to 10s 6d; Cleopatra, 9s to 10s 3d; Spitzenberg, Bs, fid; Granny Smith, 10s; Statesman, 8s 6d to 10s 6d. Pears.—Winter Nelis, 13s 6d to los; Keiffer, 10s; Winter Nelis (three-quar-tex-s), 12a to 13s.

SECTIONS AT NASEBY

The Otago Land Board conducted a ballot yesterday morning for two sections in the Naseby district, with the following results:—

Section 91, block I, 151 a 2r 25p, capital value £l2O, half-yearly rental £3. Five applicants —G. Hore. . Section 95. block I, 169 a lr 05p, capital value £llO. half-yearly rental £2 15s. Five applicants—T. 0. Hore.

MINING BULOLO DREDGING COMPANY. Mr Fred. G. Dunn, attorney for Clutha Development, Ltd., advises of the receipt of the following report on Bulolo Gold Dredging, Ltd.:—“The total yield for the period ended May 31 from dredges Nos. 1 and 2 amounted to 12,1540 z of bullion from 490,500 yards of an approximate value of 167,177 gold dollars.” Permission to deal has been granted by the committee of the London Stock Exchange in respect of all the 765,000 issued shares, and the company is in course of being listed ot) the Montreal Stock Exchange. Share registers and transfer offices have been established in London and Montreal, and the shares will be transferable between the Vancouver, London, Montreal, and Sydney registers. The shares are being introduced on the London, Montreal, and Toronto markets. In an announcement made by the company in the London financial press it is stated that from the information at present available the directox's believe that the total number of shares to be allotted to Placer Development, Ltd., in satisfaction of the purchase from that company of the Bnlowat Burnside areas will not exceed 236,000, and that it is anticipated that from dredging at the present proved yardage of 100.000,000 cubic yards there will be available for distribution to shax-eholders by ways of dividend and return of capital 23,250,000 gold dollars, and that these profits will probably be won during the next 11 years. It is fxii'ther stated that it is likely that additional dredging ground will be developed on the company’s present holdings, thus extending the life of the operation, and it is also stated that it is probable that towards the end of the present year payment of regular dividends will be commenced. A similar announcement is being published in the Canadian press. RIMU FLAT DREDGE. The Rimu Flat dredge is stated by the Greymouth correspondent of the Christchurch Press to have been on a particularly good patch of ground lately. The dredge has made _ a transformation in the Ross Flat since it commenced operations there. Acres of bush and swamp Ixave been turned over, and the operations of the dredge are marked by piles of huge stones which have .been passed through the elevator. On the portion which has coxxsolidated the Forestry Department has planted experimental plots of trees, principally gums, which have made good growth, and thoroughly established themselves in the gravel. MOUNT DAVID SLUICING COMPANY. After making a thorough examination of the Mouijt David Company’s property and of the race, the new manager, Mr I, W. Archibald, reported to the directors: — . “ Big Caribou Spur.—This is the location of your sluicing operations to date, and constitutes an outlier from the main Mount David deposits. The alluvium is here resting olx a hard, ragged greenstone bottom which present a difficult problem in cleaning up, and, as the workings progressed up the spur, the bottom, though rising, , has become increasingly difficult, and in the last paddock washed up open cracks are developing in the bottom. It'looks as if a creep is taking place towards the precipitous bank of Caribou Creek, which will culminate in a landslide. These cracks aggravate the handicap always attendant on a rough bottom. The yield of gold recovered from these workings is approximately 3600 z, and it is more than likely that _a proportion of the gold content is lost in the bottom, and I find it difficult to make any informed estimate of the proportion of the gold that is so lost, and practically not recoverable at this site.” Not sufficient yardage was put through, and this should be greatly increased. In view of the. .difficulty of saving the gold at Caribou the - manager advised that ■work should be stopped there, and sluicing carried on at Craighead, a small area adjacent to the Caribou Creek and close to the main Mount David deposits. Ho advised that Craig head could be worked out very quickly, and that sluicing operations should then be commenced on the main part of the claim. The directors have adopted this! suggestion. Pipes are to be transported to the claim, and a pipeline laid to the main Mount David deposit. KUALA KAMPAR TIN FIELDS. According to cabled advice the report of Kuala Kanxpar Tin Fields, Ltd., for the year ended March 31 shows that the dredge ran 2977 hours, knd treated 1,057,000 cubic yards at an average cost of 2Jd per cubic yard. With a balance brought forward of £25,187, the net profit for the year of £4335 makes a ci’edit balance of £29,522. The profit compares with £7271 last year. TRADE WITH CHINA (Per United Press Association.) WELLINGTON, June 14,

The view that trade between New Zealand and China could be developed with mutual advantage was expressed - by the Chinese Consul, Air Chunhow H. Pao, of Wellington. Mr Pao said exports from New Zealand to China had more than doubled since 1926. Butter represented more than 60 per cent, of the total value of these exports. In 1926 the total exports from New Zealand to China were valued at £21,370, and by 1930 this had increased to £50,578. “ Trade relations between China and New Zealand should be founded on the basis of reciprocity and goodwill,” said. Mr Pao. Investigations should be made as to what goods could be purchased favourably from China with mutual advantage. It would be advisable to organise a trade mission to study the conditions of the Chinese market on the spot. LONDON METAL MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON. June IS. (Received June 14. at 8.15 p.m.) The following are the official quotations:— Ton. Copper, tpoi .. * . ~ £36 6 3 Rise £0 11 10% Copper, forward .. .. 36 10 0 Rise 011 10% Electrolytic, spot .. ~ 40 10 0 No change Electrolytic, forward .. 41 10 0 Rise 0 5 0 Wire bars 41 10 0 Rise 0 6 0 Lead, spot 13 1 0 Rise 0 13 Lead, forward .. •. 13 13 9 Rise 0 13 Spelter, dpot ,• •• 16 17 6 Riga 0 6 3 Spelter, forward .. .. 1617 6 Rise 0 8 S Tin, spot •■ .... •. 224 2 6 Rise 1 6 S Tin, forward .. •• .. 224 2 6 Rise 16 3 Oa. Silver, standard .. .. 19 7-16 d NO. change Sliver, fine 21d No change

ADDINGTON STOCK SALE (Per United Press Association.) CHRISTCHURCH, June 14. The, bubyancy which has resulted from the advance in the values of store sheep, fat sheep, and fat lambs at Arlington recently, and the continuance of that advance to-day has caused general confidence of m degree not known for over 12 months. In response to spirited competition fat sheep advanced to a level not known for more than a year, wethers making up to 25a 7d and ewes to 21a lOd. Fat lambs and store sheep also recorded substantial advances on late rates. Store Sheep.;—There was more than the normal winter yarding forward. Ewe lambs and forward wether lambs were Is to 2s per head dearer than last week, and adult ewes in good condition advanced to a similar extent. Values were; Good ewe lambs, hJs to 12s; medium, 9s to 10s fid; ordinary, 7s to 8s; good wether lambs, to 8s 8d; ordinary m.s., to 7s; small and plain, to 5s fid; good six and eight-tooth half bred and crossbred ewes, 12s to 13s; good s.m. half bred, to 9s; ordinary, fis to 7s; aged and inferior, 2s to 4s fid. Fat Lambs. —There was an entry of 2200, the West Coast being represented. It was an excellent sale from start to finish, with butchers paying over 5d per lb. Exporters bought with the greatest keenness, also paying up to sd. The average advance for the auction was Is to Is fid per head. It was the best sale of the season. Values were: Extra prime heavy lambs, to 20s Id; prime heavy, 15s fid to 17s fid; medium weight, 13s to 15s; ordinary, 10s to 12s fid; light, 7s fid to 9s fid.

Fat Sheep.—The entry of 5250 included a large number of drafts from Southland, Otago, South Canterbury, and the West Coast. There was particularly keen competition for light sheep, with an advance of Is per head on late rates. Other classes showed a slightly smaller advance. The rise in a few weeks has been 3s to 4s per head, reaching the best level at Addington for over 12 months. Values were: Show wethers, to 25s 7d; extra prime heavy wethers, 20a 4d to 22s 10d; prime, 18s fid to 20s; medium weight, 16s fid to 18s; ordinary, 14s to 16s; light, lls to 13s fid; extra prime heavy ewes, to 21s lOd; prime, 16s 3d to 18s; medium weight, 13s fid to 16s; ordinary, 10s fid to 13s; light and unfinished, 7s to 9s. Pat Cattle. —The entry of 640 head was the largest at an ordinary sale for four years. Values were maintained for extra prime sorts, while other classes 10s to fl per head easier. Cattle were forward from the West Coast, ■ Southland, Otago, and South Canterbury. Especially good beef made 24s per 1001 b; good prime, 16s to 20s; heavy-weight and medium beef, 12s to 16s; good cow and heifer beef, 13s to 17s; secondary, ,8s to lls; rough to 6s. Values were: Extra prime heavy steers, to £ll 2s fid; prime, £7 10s to £9; prime medium weight, £6 to £8; ordinary, £3 10s to £5 10s; light, £1 7s fid to £3; extra prime heifers, to £6 17s fid; prime, £4 10s to £6 ss; medium, £2 10s to £4; light, £1 7s fid to £2 10s; prime cows, £3 15s to £5 17s fid; medium, £2 to £3 ss; light. £1 to £2. Eat Pigs.—Values for choppers were 30s to £1 18s fid; bacouere, 38s fid to 47s fid; heavy, 52s fid to 55s fid; extra heavy, to £3 Is fid; average price per lb, 3sr to 4d. Porkers made 17s to 21s fid; heavy, 23s fid to 29s fid; extra heavy, to 32s fid; average price per lb, 3|d to 4Jd.

SHEEP AND CATTLE PRICES

SHARP ADVANCE RECORDED,

(Special to Dailt Times.) CHRISTCHURCH, June 14. The best prices paid for fat sheep and lambs for at least 12 months were readily obtainable at the Addington market today. Fat sheep are scarce in North and Mid-Canterbury, but exceptionally fine lines, some of show quality, from Southland, Otago, and South Canterbury were offered. The top price paid for fat wethers, 25a 7d, was the highest for the corresponding market for two years, and throughout all classes competition was animated. Certain exporters are showing great keenness for light-weights, and butchers are extending their limits. In a month average fat sheep have advanced in price nearly 40 per cent. Fat lambs advanced Is to Is 6d per head to-day, and the sale was much the best of the season. Exporters paid 5d a lb readily, and in some cases butchers had to pay slightly more. The entry of 220 - was larger than usual. The tone of the market was the healthiest for a long period. Store sheep are sharing in the general buoyancy, mainly to the extent of an advance in the price of skins. Both ewe lambs and good-conditioned ewes were sought after at Is to 2s per head above late rates.

The fat cattle market is still depressed under the pressure of unusually heavy entries, to-day’s yarding of 640 being the largest for some years. Values are being held to some extent by the rise in mutton and lamb prices. At least 60 per cent, of the cattle offering now are plain and unfinished from North and Mid-Canter-bury, whefe the shortage of feed makes it necessary for farmers to quit their cattle whether they are in sale condition or not, PRICES ADVANCE AT WESTFIELD. (Special to Daily Times.) AUCKLAND, June 14. The rise in the values of sheep and lambs in different centres was reflected at Westfield to-day, when there was a brisk sale. Sheep were freely sought by local buyers, and advanced Is to Is 6d a head, prime wethers selling to 19a 9d. Exporters operated freely for lambs. Prices rose 2s a head, prime lambs selling to 19s. FOREIGN EXCHANGES (British Official Wireless.^) (United Press Association/) (By Electric Telegraph—Copyright.)

Zlotys to £1 RABBIT BREEDERS ANGORA WOOL FINDING FAVOUR. (Pee United Press Association.) PALMERSTON N., June 14. At the annual conference of the New Zealand Rabbit Breeders’ Association, the president (Mr B. E. Rogers, of Havelock North) traced the year’s developments. He said that Angora wool was growing in popularity, and the price had oeen fairly steady. The outlook regarding fur breeds wag not so bright, and he warned members against the extensive breeding of pelting rabbits. The numbers engaged in the breeding industry were now nearly a thousand. The following officers were elected’—Patron, Mr R. Masters; president, Mr Rogers; vicepresident, Dr F. Dry (Massey College); secretary and treasurer, Mr Y. H. Benton (Featherston).

Buyer. Seller. £ s. d. £ s. d. New Zealand .. .. 2 7 0 — New Zealand (long D) 1 10 0 — Commercial .. .. 0 15 9 0 15 11 E.S. and A 4 IS 0 5 2 0 National of N.Z. .. 3 16 0 ■ Union 8 7 0 .

National .. .. .. 0 16 5 — 1 New Zealand .. .. 2 0 3 2 10 0 South British .. .. 3 6 0 — Standard .. • • .. 2 12 0 —

Huddart, Parker (pref.) .. .. .. 1 2 3 — U.S.S. Co. (pref.) 12 0

Kaitangata .. • • 1 0 3 — Westport 0 u 0 0 12 3 LOAN AND agency. Dalgety and Co. .. 8 s 0 — Goldsbrough, Mort 1 5 3 1 6 3 National Mortgage (B issue) .. .. 1 1 6 1 5 0 N.Z. Guarantee Corp. 0 5 10 0 6 3 Wright, Stephenson (ord.) 0 £» 0 — Wright, Stephenson (pref.) o vz 0

N.Z. Refrig, (paid) 0 14 11 — N.Z. Refrig, (cent.) 0 6 2 0 6 3 South Otago Freezg. 4 2 6 —

British Tobacco .. 1 14 0 1 15 9 Broken Hill South 2 15 6 Broken Hill Propy. 1 13 0 — Bruce Wlln (ord.) — 0 10 0 D.I.C. (ord.) i. .. — 0 xi 0 D.I.C. (pref.) .. .. 0 19 6 7 ' Dominion Fertiliser 0 11 0 — Dominion Fertiliser - (debs.) . 100 0 0 — }' Dominion Rubber 0 13 0 1 0 0 Donaghy’s Rope .. — 1 19 9 Stock Exchange Pty 1 17 0 — Electrolytic Zinc (pref.) .. .. .. 1 11 4 1 11 9 Kauri Timber *. 0 11 6 — Milburn Lime I 7 9 1 9 6 Mosgiel Woollen .. 8 2 6 M'Leod Bros, i. .. 24 0 0. — Mount Lyell .. .. 1 2 3 1 .2 6 N.Z. Drug Co. — 3 4 6 N.Z. Express (ord.) — 0 8 6 N.Z. Paper Mills — 1 6 0 Nth. Bi’oken Hill 3 19 0 4 2 10 Smith and Smith .. 0 10 9 0 12 0 Wilsons Cement .. 1 10 6 — Wool worths (pref.) 1 15 6 — N.Z. Newspapers .. 1 5 0 “

N.Z. Breweries . 1 12 6 — Staples . 1 5 6 — Dunedin . 1 0 0 116

Kawarau .. .. 0 0 5 0 0 7 Waihi 1 2 1 — Waihi Grand Jnctn 0 3 2 0 3 4 Mahakipawa 0 0 1 0 0 3 Kildare .. . 0 2 1 0 2 5 ■*Okarito .. .. 0 10 9 0 11 0 Paddy’s Point • • — 0 5 7 Cornish Point .. , , 0 0 1 0 0 3 Golden Progress . . 0 1 4 0 1 9 King Solomon.. Blackwater •• 0 1 1 3 7 3 Alexander .. .. 0 10 6 0 12 6 Gillespie’s Beach 0 1 7 0 1 8 Waitahu . i .. — 0 7 6 Big River .. .. — 0 1 5’i Nokomai • • 0 4 6 0 4 11 Fresh ford .. .. 0 I 1 0 1 6 Central Shotover , , 0 0 10 0 1 0 Lawson’s Flat .. — 0 1 9

3J p.c. Ins, 19380 1943 100 0 3i p.c. Ins.. , 19380 1952 100 0 3} p.c. Ins., , 19391943 100 0 0 3J p.c. Ina., , 19391952 100 0 0 3J p.c. Ins., , 19411943 100 0 0 3J p.c. Ins. , 19411952 100 0 0 4 p.c. Bonds, Jan. 1940 , , 100 10 0 4 p.c. Ins, Jan., 1940 — , 100 10 0 4 p.c. Ins., Feb., 1946 — 100 10 0 4 p.c. Ins., April, 1949 — 100 15 0 4 p.c. Ins, June, ' 1955 — 100 15 0

RUGBY, June IS. Paris— Par. June 12. June 13. Francs to £1 .. 124.21 86 86 1-16 Brussels— Belgas to SI ,. 85 24.25* 24.22* Oslo — Kroner to £1 .. 18.189 19.80 19.80 Stockholm— ' Kroner to £ X .. 18.150 19.40 19.42* Copenhagen— Kroner to £ 1 . • 18.150 22.42 22.42* Berlin— Starks to £ 1 .. 20.43 14.42* jl4 13-32 Montreal— Dollars to £1 ,. 4.86 2-3 4.59 4.59) New York— Dollars to £ 1 .. 4.88 2-3 4.14* 4.14* Yokohama— Pence to yen 24.582 15 8-32 15% Hongkong— , Pence to dollars 24.58 17% 17 3-16 Bombay— Pence to rupee , 18 5-64 18 5-64 Batavia— Florins to £ 1 12.10 8.45 Milan— 1 Lire to £1 .. 82.48 61 31-82 65 Amsterdam — Guilder to £1 12.107 8.42 8.42* Prague— Kroner to £ 1 .. 1041 113% 113% GenevaFrancs to £1 .. 25.22* 17.52* 17.53 Vienna— Schillings to £1 84.86* 81 31 Helsingfors— Marks to £1 .. 198.23 226* 226) Madrid— Pesetas to fll 25.23* 3® 19-32 89 9-32 Belgrade— Dinars to £1 .. 25.22* _ 250 Athens— Drachma to £X 875 590 590 Lisbon— Escudos to £ 1 110 110 110 Bucharest — Lei to £1 .. 931.6 570 570 Rio de Janeiro— Pence to mllreis 6.890 4% 4 13-16 Buenos Aires— Ponce to pesos 47.28 , 411 Shanghai— Pence to tael .. 15 9-16 15 1-16 Montevideo— Pence to pesos 84 N Warsaw —