COMMERCE AND FINANCE

Otago Daily Times, Issue 21998, 6 July 1933, Page 12

COMMERCE AND FINANCE

LONDON, WOOL SALpS A CROWDED ATTENDANCE. (United Press Association.) (By Blectrlo Telegraph—Copyright.) LONDON. July 4. At the opening of the fourth of the series of ■wool sales 11,102 bales were offered, including 4939 from New Zealand, About 6104. bales were sold. There was a crowded attendance, with active.and welldistributed , Yorkshire and Continental competition. The bulk of the offerings was cleared at higher rates compared with the closing prices of the last series. Merinos were 20 to 25 per cent, up; line crossbreds, 20 per cent, higher; medium and coarse, 15 to 20 per cent.; and slipes, 20 to 25 per cent. New Zealand greasy halfbred, “ Stanley Downs,” top price, ISJd, average 13,-id; halfbred lamb slipe, “Belfast,” 15Jd and 15Jd. The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from its London house under date July 4: —The opening catalogues were fairly representative. There was a full attendance at the opening of the sales to-day, competition by Home, Continental, and American buyers being active. As compared with last sale’s closing rates, prices are higher 2|d to Sd per lb for fine greasy crossbred and fine crossbred slipe; prices are higher IJd to 2d per lb for, coarse crossbred •lipe and medium crossbred slipe; prices are higher 2d to 2*d per lb for medium greasy crossbred, greasy merino, and medium scoured crossbred. Prices are higher Id to lid per lb for coarse greasy crossbred, and 3d higher for fine scoured crossbred. „ , , The Bank of ; New Zealand has received the following advice from its London office under, date July 4: —The sales have, opened with strong competition and large' attendance 1 of buyers, and there was an active’demand from all branches of the trade; ' Compared with the close of last series merinos were _ 2d to 2Jd higher; fine crossbreds 2d higher, while medium and coarse crossbreds were Id to lid higher. , Messrs Murray, Roberts, and Co., Ltd., have received the following wool market cablegram from London: —Sales have opened with a good tone, competition keen, all sections operating freely. Compared with last London sales closing rates, greasy merino advanced 20 per cent, to 25 per cent.; wools suitable for Yorkshire show the greatest advance; scoured merino, poor selection offered, insufficient to test the market; crossbred greasy fine, advanced 20 per cent.; crossbred greasy medium, advanced 20 per cent.; crossbred greasy coarse, advanced 15 per cent.; slipe fine crossbred advanced 20 per cent, to 25 per cent.; slipe crossbred other descriptions advanced 15 per cent, to 20 per cent.; crossbred scoured, advanced 15 per cent, to 20 per cent. 60/64’* New Zealand merino, yielding 48 per cent., 12d (at close of previous series, lOd); 56’s, yielding 60 per cent., 13id (at close of previous senes. Hid); yielding 65 per cent., 10 Jd ‘(at close of previous series, 8 jd);, 48/50 s,. mixed preparing and carding, yielding 70 per cent., 9id (at close of previous senes. 7id; 46/48’s, mixed preparing and carding, yielding 72 per cent., 7Jd_ (at' close ®f previous series, 6Jd); 44/46 s, preparing yielding 74 per cent., 6?d (at close of previous series, s|d); 44/46 s, carding, yielding 72 per cent., 6d (at close of previous series, 5Jd); 40/44’s, yielding 73 per cent., s|d (at close. of previous senes, 41d); 36/40’s, yielding 75 per cent., none offering. . „ , ; . The National Mortgage and _ Agency Company of New Zealand, Ltd., is in receipt of the;following cablegram from its London office under date July 4: —-The auctions opened here to-day with a large attendance of Home . and Continental buyers and with very strong competition generally, including America. Compared with the closing rates of last sale we quote:—Greasy merino, best, 3d dearer; greasy merino, average, 2id dearer; halfbred 50/56, 2,}d to 3d dearer; crossbreds 48/50, lid dearer; crosibreds 46/48, lid dearer;: crossbreds dearer; crossbreds, 40/44, Jd to Id dearer, crossbreds 36/40, Jd to Id dearer; , fine slipes, 24d to 3d dearer; medium and Coarse slipes, lid to 2d < _dearer. . Messrs Dalgety and Co., Ltd., advise having received the following cablegram from' their head office in London dated July 4:—Wool sales opened; competition animated and general; attendance large. As compared with closing rates of last ■cries; —New Zealand merinos not represented; halfbred greasy, 2d to 2Jd higher; crossbreds, fine, greasy, lid to 2d higher; good style crossbred, medium, greasy. l£d to lid higher; other descriptions—crossbred medium, greasy, IJd higher; crossbred, coarse, greasy, Id to lid higher; good slipe, 2d to 3d higher: other descriptions slipe. Id to lid higher; crossbred, scoured, Id to lid higher. RUBBER STOCKS (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, July 4. Rubber stocks: London, 43,748 tons; Liverpool, 59,560. UNION BANK DIVIDEND (United Press Association.) (By Electric Telegraph—Copyright.) LONDON. July 4. The Union Bank of Australia has declared a final dividend of 6 per cent., making 5 per cent', for the year, tax free. The- amount carried forward was £100,523.- .. THE TIN MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, July 4. Tin: Yisible, 39,259 tons; Straits carry over 6972; supplies, 7267; deliveries, >27.1.' ■

LOCAL AND OVERSEAS MARKETS.

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Business in Bank of Australasias at £lO 15s was reported on the Dunedin Stock Exchange yesterday, and National Bank of Australasias ivere turned over at £l3 Is. There were no further quotations lor these shares. Business was reported in contributing Southland Frozen Meats at £1 3s 6d. further offers of 3d less finding sellers firm at £1 4s 3d. Donagliy’s were dealt in at fl 19s, this being sellers’ quotation when further offers of £1 Is were forward. Milburn Limes continued _to improve, and there is now an unsupplied buyer forward at £1 10s. Gillespie’s ivere turned over at Is 6|d, further offers of the same figure finding sellers firm at Is 7d. There were two sales of Cornish Points at 6cl, and the shares are now on offer at that price, buyers offering s*cl. Nokomaia improved sharply, business being clone at 4s. The market dosed with a buyer at 3s lOd and a seller at 4s. Bell-Kilgours were placed on the official list yesterday, and sales took place at Is 2d (seven) and Is lid. The latter figure ivas the closing offer, sellers demanding Is 2d.

NORTHERN EXCHANGES (Peh United Press Association.) The, following business was done on 'Changes yesterday:— Auckland. —Sales: Bonds (1949), £IOO 15s; Bonds (1955), 4 per cent, £IOO 15s; Stock (1940), 4 per cent, £IOO 15s; Bank of New South Wales, £3l ss; Bank of New Zealand, 47s Od, 47s 7|d; Union Bank, £8 7s 6d, £8 8s 6d; Renown Collieries (new pref.), 9d; Auckland Gas, 23s 4d; Australian Glass, 465; Colonial Sugar, £57 ss; Farmers' Trading (B pref.), 7s 9d; Wilsons Cement, 32s lOd; ord. lot, 33s (three parcels); Blackwater, 26s (two parcels), 25s lOd; Consolidated Gold, 12s; Waihi, 21s Bd, 21s 9d; Bulolo, 82s 6d; Cornish Point, 6d; Gillespie's Beach. Is 7d; Nokomai, 3s 9d; Bell-Kil-gour Is 24d. Unofficial; Investment Executive Trust (pref.), 21s 6d; Bell-Hooper, la Id; Aotearoa, 2s 4d. ' Wellington.—Sales: Bank of New Zealand, 47s 9d, 47s 10M; Union Bank, £8 11s; Napier Gas (late Tuesday), £10; South British Insurance, 67s 9d; New Zealand Breweries (cum), 335, 3os Id; Bell-Kilgour, Is 3d (two parcels). Unofficial: Mining House Concessions, 5Jd; Bell-Kilgour (late Tuesday). Is 6d. Christchurch. Sales: New Zealand Government 4 per cent. Inscribed (1940), £lOl (two parcels); Commercial Bank of Australia (pref.), £8 17s; National Bank of Australia (£5 paid), £6 os; Goldsbrough, Mort, 275, 26s lid. 27s 3d; New Zealand Refrigerating (10s paid), 6a Id. 6s 3d (two parcels) : New Zealand Refrigerating (£1 paid), las (six

I parcels); New Zealand Breweries (cum div.), 33s 3d; Howard Smith, 10s; New Zealand Farmers’ Co-operative 44 per cent. Stock (1940), £C2; Alexander (13s 6d paid), 20s 2d, 20s 2-Jd, 2Qs 3d (two parcels), 20s sd; Big River, Is 5d (two parcels); Central Shotover (9d paid), Is 3d; Freshford, Is; Lawson’s Flat _ (Is paid), Is 2d (two parcels); Nokomai, 3s 6d, 3s 7d, 3s lOld, 3s 11 Jd; Waihi Grand Junction, 3s 41d. Sales reported; Bank of New South Wales; £3l 2s 6d; Dalgety and Co., £9, £9 5s (two parcels), £9 Cd; Goldsbrough, Mort, 275; New Zealand Refrigerating (10s paid), Cs; Bank of New Zealand, 47s 7Jd, 47s 9d. LONDON STOCK EXCHANGE LARGE AMOUNT OF BUSINESS. (British Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, July 4. Very large business was again transacted on the Stock Exchange in certain industrial specialties to-day, and although substantial gains were registered in many cases values mostly closed under the best. German bonds remained weak, as also were gilt-edged stocks, with War Loan 3* per cent, at £9B 12s 6d. LONDON, July 4. Bank of Australasia, £9 Is 3d; Bank of New South. Wales. £23 10s; Union Bank of Australia, £6 15s; National Bank of New Zealand, 59s 3d; Bank of New Zealand, £99 (shares, 44s 6d); Loan and Mercantile. £72 10s (ordinary stock, £26). FOREIGN : EXCHANGES (British Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.)

DAIRY PRODUCE The Otago Farmers’- Co-operative Association of New Zealand, Ltd., are in receipt of the following cablegram from London, dated July 4; — Butter, 78s to 795. Cheese: Coloured, 525; white, 49s Od to 50s. Both markets firm. Messrs Dalgety and Co., Ltd., advise having received the following cablegram from their head office, London, dated July 4:— Cheese: 3s per cwt dearer. _ _ ' The South Island Dairy Association, Ltd., has received the following market report from the New Zealand Produce Association. Ltd., London: — Butter: Firm, more inquiry; 77s to 795. Cheese: Firm. White, 49s to ,50s; coloured, 62s to 535. Messrs 11. L. Tapley and Co., Ltd., have received the following cabled market report from London: — Butter, 78s to 80s per cwt. Market steady. Cheese.—White, 49s to 50s per cwt.; coloured, 51s to 52s per cwt. Market firm. LONDON FRUIT MARKET The Otago Provincial Fruitgrowers’ Council, Ltd., advises that the High Commissioner’s cabled report for the- week ended July 1, on the London fruit market, is as follows: —Taranaki is discharging fruit in good condition. The market remains depressed owing to record arrivals and limited sales. Apples: Granny Smith, 9s to 12s; Stunner. Delicious, Dougherty, and Statesman, 10s to 11s; Tasma, 9s 6d to 10s fid; Jonathan 8s to 9s; Dunn's, 7s to 8s; Ballarat," 9s. Pears: P. Barrv. 12s to 12 s 6d; Winter Nelis, 10s to : 11s; "Winter Nelis, 10s (three-quarter easel; Winter Nelis, 4s 9d to 5s 3d (half cases). Messrs Fraser and Co., selling agents for Otago and Oamaru Egg Circles, report as under: —Eggs: Poultry farm eggs. Is 3d; others, Is Id; preserved eggs, Is. Butter: Separator pats, fid to 8d per lb; bulk, 7ld per lb. Tallow, 8s to 9s per cwt. Pigs: Good bacon-weights, 4Jd per lb; over-weights, 2d to 3d; porkers, to 4Jd per lb. Potatoes, £5 per ton, ex store. Chaff, £3 15s to £4 10s per ton, sacks extra. Whole fowl wheat, 4s to 4s 3d per bushel. Bulk honey, 3jd to 4d per lb; 101 b tins. 3s 3d to 3s fid. Beeswax, Is. Poultry: White Leghorn hens, 3s to 4s; heavy breeds, 4s to ss; cockerels, 5s to 10s; roosters, 2s to 3s; ducks, 3s to 4s; ducklings, 4s to Cs (all per pair). Turkey gobblers, 8d to 9d per lb, live weight; hens, 7d to 8d per lb. We stock “Palmer’s” chick food, “National ” meat meal, leg rings Is per dozen. (Special quotes for quantities.) We are agents for “ Champion ” egg crates, “ Isco ” cod liver oil for poultry; prices on application. Consignors, please note that all pigs and poultry must ai-rive not later than Wednesday morning of each week. We have a stock of poultry crates on hand for the use of our clients.

ADDINGTON STOCK SALE FAT SHEEP FIRMER. (Pee United Press Association.) CHRISTCHURCH, July 5. Fat sheep, especially the beet types, were firmer at the Addington market today, and with fat lambs had the best sale of the season. Fat cattle were in short supply, and also advanced on late rates. The demand for good store sheep and lambs continues keen, values firming. Store Sheep.—There was a big yarding, with Marlborough lines forward. Good ewe lambs were firmer, and medium ewes with some condition were very firm. Inferior lines were neglected. Values were: Good ewe Jambs, 12s 6d to 14s fid; medium, 10a to Us; ordinary, to 9g fid; good wether lambs, 9s to 10s fid; ordinary, 7s to 8s 9d; good sound-mouthed halfbred ewes, lls to 13g 9d; ordinary, 7s fid to 9s; good two-tooth halfbred ewes, to 15s 3d; ordinary, to 12s fid; aged and inferior, 2s to ss. Fat Lambs.—The entry numbered 1450, with a big portion of ill-finished sorts. It was a good sale, with a firmer tendency. Values were: Extra prime heavy, to 25s 7d; prime, 18s to 21« fid; mediumweight, 14s fid to 17s fid; light, 10s to 14s. Fat Sheep.—There was an entry of 5500 of improved quality. Best ewes and wethers were firmer, but light sorts were cheaper owing to the restricted operations of the export buyers. Values were: Extra prime heavy wethers, to 28s Id; prime heavy. 20« to 225; mediumweight, 17s to 19s fid; ordinary, 14a to IGs fid; light, lls to 13s fid; extra prime heavy ewes, to 21s lOd; prime heavy, 15e to 17s 6d: medium-weight, 12s fid to 14s, fid: ordinary, 9s to 12s; light, 5s to 8s fid. Fat Cattle. —The entry of 305 met a keen sale, though irregular. There was an average advance of up to £1 per head. Especially good beef made to 25a per 1001 b; good prime beef, 17s to 225; heavyweight and medium, 13a fid to 17s; good cow and heifer beef, 15sto 19s; secondary, 9s to 13s; rough, down to 7s. Values were: Extra prime heavy steers, to £l2 2s fid; prime heavy, £8 to £9 10s; prime medium-weight, £7 to £9; ordinary, £4 5s to £6 10s; light, £2 10s to £4; extra prime heifers, to £7 12s fid; prime, £5 to £7; medium, £3 10s to £4 10s; light, £2 to £3 ss; extra prime cows, to £9 2s fid; prime, £4 10s to £6; medium. £3 to £4 ss; light, £1 15s to £3. Fat Pigs.—There was a medium entry and values were firmer. Values were: Choppers, 30s to £4. 8s fid; baconers, 36a fid to 47s fid; heavy, 54e fid to 61s Cd; average price per lb, 4d to 4Jd; porkers, 18s to 225; heavy, 24s to 28s fid; extra heavy, to 31s fid; average price per lb, 32d to 4|d. MINING CRUDE OIL ENGINES FOR GOLDMINING. The application of the crude oil engine to mining projects in New Zealand is growing, since it has been found that in those districts where severe winter curtails operations because of freezing the work can go on unhampered. The engines allow of work in all seasons. Two 150 h.p. vertical airless injection crude oil engines have just been supplied to the Nevis Diesel Electric Gold Mining Company, and the engines will be_ used to generate power for a dredge which is being reconstructed in Dunedin. It is the first time these engines will be used in New Zealand for this particular work, though a 114 h.p. engine of the horizontal type for pumping water for sluicing at Waikaka has been supplied.

SALE OF SHEEP PROPERTY Messrs Donald Reid and Co., Ltd., report having sold on Tuesday on behalf of Mr Duncan Leishman, as mortgagee, pasturage license No. 1615, situated near Poolburn, consisting of 20,900 acres, together with 6000 sheep, cattle, and horses, and also implements and sundries. The property was known to be a first-class safe block of sheep country, and. as the sale was practically unreserved, it attracted a large number of buyers. Bidding commenced at £7OOO, and rose quickly under keen competition from several buyers, to £12,150, at, which price it fell to the bid of Mrs Jane M'Lennan. AUSTRALIAN STOCK EXCHANGES (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, July 5. (Received July 5, at 9 p.m.) The Stock Exchange was steady, with a good turnover, which was supplemented by large vestibule business. The following sales were made:—Bank of New South Wales, £3l 15s; Commercial Bank of Sydney, £l7 Is; Colonial Sugar, £SB ss; Australian Glass, 475; Associated News, 8s 7d (pref., 18s 6d); British Tobacco, 33s 9d; Dunlop Perdnau, 18s 7Jd: Goldsbrough, Mort, 27s 7Jd; Berlei, 275; Anthony Hordern, 10s 8d; David Jones, 26s 6d; Morris Hedstrom, 17s; Tooths, 37e 9d; Electrolytic Zinc, 21s 3d; Mount Lyell, 21s 10£d; Broken Hill Proprietary, 34s 3d. Commonwealth Bonds (4 per cents.) —1938, £lO2 12s 6d; 1941 £lO2 15s; 1944, £lO3 7s 6d; 1947, £lO3 15s; 1953, £lO4 10s; 1955, £lO3 2s 6d; 1957, £103.138 9d; 1959, £lO4 2g 6d; 1961. £lO4 10s. MELBOURNE, July 5. Metropolitan Gas, £l3: Australian Glass. 46s 6d; Herald and Weekly Times, 435; Electrolytic Zinc, 21s; Goldsbrough Mort, 27s 6d; E.S. and A. Bank, £5. CANADIAN GRAIN CROPS (United Press Association.) (By Electric Telegraph—Copyright.) OTTAWA. July 4. (Received July 5, at 5.5 p.m.) Western grain crops entered the critical month of July with less than the average prospects, according to the crop report of the Bureau of Statistics which met on Monday. Heat, drought, and insects have thinned the stands and shortened the straw. LONDON METAL MARKET (United Press Association.) (By Electric Telegraph—Copyright.) POMPON, .Tilly 4. (Tlecelrcd July 8, at 10 p.m.) Tim following are the official Quotations: —

SALES ON ’CHANGE. £ <3. d. Donaghy’s 1 19 0 Gillespie’s 0 1 6J Nokomai 0 4 0 Bell-Kilgour (two) 0 0 1 1 2 U SALES REPORTED. Bank of Australasia .. . 10 15 0 National Bank of Australasia 13 1 0 Southland Frozen cont.) 1 3 6 Cornish Point (two) .. . 0 0 6 Bell-Kilgour (five) 0 1 2 SALE REPORTED AFTER LAST CALL. Bell-Kilgour .. .. 0 1 2 Central Shotover 0 1 3 The following are yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage:BANKING. Buyer. Seller. f s. d. £ S, d. New Zealand .. . 2 7 9 — New Zealand (long D) — 1 10 3 E.S. and A. ... 5 0 0 National of N.Z. . 3 17 6 — Union — 8 11 0 INSURANCE. National — 0 17 0 New Zealand .. • 2 9 0 2 10 3 Standard . . ... 2 12 0 13 6 SHIPPING. Huddart, Parker (pref.) .. ..... 1 3 0 — U.S.S. Co. (pref.) 1 2 3 . COAL. Kaitangata .. .. . 1 0 0 — Westport — 0 13 0 LOAN AND AGENCY. Gbldsbrough, Mort 1 7 0 — National Mortgage (B issue) .. .. — 1 6 0 N.Z. Guarantee Crp. — 0 6 3 ; Perpetual Trustees 2 10 0 — Trustees, Executors 2 11 0 * Wright, Stephenson (ord.) 0 11 0 — Wright, Stephenson (pref.) .. .. .. 0 12 9 V 14 6 MEAT PRESERVING N.Z. Refrig, (paid) 0 14 9 — N.Z. Refrig, (cont.] 0 6 1 0 6 2 South. Froz. Meat (cont.) 1 3 3 i 4 3 South Otago Freezing 4 9 0 5 0 0 MISCELLANEOUS. Broken Hill Propty 1 13 0 — Bruce Wlln (ord.) — 0 8 0 Bruce Wlln (pref.) 1 . 0 0 D.I.C. (ord.) .. .. 0 10 6 — D.I.C. (pref.) . . .. 0 19 6 — Dominion Fertiliser 0 13 3 0 14 3 Dominion Fertiliser (debs.) .. ... •• 100 0 0 — Dominion Rubber — 0 17 0 Donaghy’s Rope . 1 18 0 1 19 0 Stock Exchange Pty 2 5 0 3 10 0 Electrolytic-Zinc (pref.) .. .. 1 10 6 Electrolytic-Zmc , (ord.) .. .. . 1 0 0 — Milburn Lime 1 10 0 — Mosgiel Woollen . 8 2 6 — M'Leod Bros 24 0 0 Mount Lyell .. — 1 1 9 N".Z., Drug Co. — 3 5 0 Farmers’ Fertiliser — 0 16 6 N.Z. Paper Mills . 1 6 0 1 7 0 Smith and Smith . . 0 11 0 — Wilsons Cement . 1 12 6 “ BREWERIES. N.Z. Breweries 1 13 3 1 13 7 OIL. Moturoa — 0 4 0 MINING. Kawarau r 0 0 5 . — Waihi 1 1 G — Waihi Grand Jnctn 0 3 3 — Mahakipawa .. .. 0 0 li — Kildare — 0 2 4 Okarito .. .« . 0 10 7 0 10 11 Paddy’s Point — 0 5 9 Cornish Point 0 0 54 0 0 C Golden Progress • — 0 1 9 King Solomon 0 1 10 0 2 1 Golden Point . ... —- 0 0 !*• Blackwater .. .. 1 5 6 — Alexander 0 19 0 — Consol. Goldfields 0 11 0 — Gillespie’s Beach . 0 1 6| 0 1 7 Waitahu 0 C 10 0 C 11. Big River .. .. .. — 0 1 54 Mount David 0 0 9 0 1 8 Nokomai 0 3 10 0 4 0 Freshford 0 0 11 0 i 1 Lawson’s Flat .: . — 0 i 3 Central Shotover 0 1 1 0 i 2 Golconda .. .. t . — 0 i 1 Bell-Kilgour .. .. o 1 14 0 i 2 GOVERNMENT LOANS. 31 p.c. Ins., 19381943 100 0 0 — 31 p.c. Ins., 19381952 100 0 0 — 31 p.c. Ins., 19391943 100 0 0 — 31 p.c. Ins., 19391952 100 0 0 — 31 p.c. Ins., 19411943 100 0 0 — 31 p.c. Ins., 19411952 100 0 0 — 4 p.c. Bonds, Jan., 1940 100 10 0 — 4 p.c. Ins., Jan., 1940 100 12 6 — 4 p.c. Bonds, Feb., 1946 100 10 0 - — 4 p.c. Bonds, April, 1949 100 10 0 — . 4 p.c. Ins., April, 1949 100 10 0 — 4 p.c. Bonds, June, 1955 100 10 0 —

Paris— Par. RUGBY, July 3. July 4. July 4. Francs to £ 1 .. 124.21 86 Vg 85 1-16 Brussels — Belgas to £ 1 . • 35 24.24 24.02 Oslo — Kroner to £ 1 .. 18.189 19,90 19.89} Stockholm— Kroner to £ X .. 18.150 19 7-16 19.42} Copenhagen— Kroner to £ 1 .. 18.150 22 13-32 22.40} Berlin— Maries to £ 1 .. 20.43 14.24} 14} Montreal— Dollars to £ 1 .. 4.86 2-3 4.77 4.80} New York— Dollars to £1 . 4.86 2-3 4.443 4.49} Yokohama— Pence to yen 24.582 15 15 Hongkong— Pence to dollars 24.58 16% 16 27-33 Bombay— Pence to rupee 18 1-16 18 1-15 Batavia — Florins to £ 1 12.10 8.45 8.45 Milan— Lire to £X . . 82.46 04% 63 7-16 Amsterdam — Guilder to £X 12.107 8.44 8.34 Prague— kroner to £ X .. 1045 1133 113} ; Genova— Francs to £ I 25.224 17.55} 17.40; Vienna — Schillings to £1 84.86} 31} 31} Helsingfors— Marks to £1 .. 193.23 227 220} Madrid — Pesetas to £1 25.231 40% 40% Belgrade— Dinars to £1 .. 25.22} 250 250 Athens — Drachma to £1 375 590 590 Lisbon — Escudos to £ X 110 110 110 Bucharest — Lei to £1 931.6 572} 572} Rio de Janeiro— Pence to mllrels 5.890 4% 4% Buenos Aires — Pence to pesos 47.28 41} 41} Shanghai— Pence to tael .. _ Montevideo — Pence to pesos 34 34 Warsaw —,< Zlotys to £ X .. — - -

Copper, spot .. Ton. £38 (1 2 Kiss £0 7 6 Copper, forward .. S3 8 & Rise 0 7 G electrolytic, spot .. 42 0 0 Rise 1 0 0 Electrolytic, forward 42 10 0 Rise 0 10 0 Lead, spot .. .. 13 10 0 Rise 0 2 G Lead, forward 13 10 3 Rise 0 2 6 Wire bars. •• .. 42 10 0 Rise 0 10 0 Spelter, spot .. ., 17 10 0 Rise 4 0 0 Spelter, forward .. IT 10 0 Rise 4 9 0 Tin, spot 223 17 0 Rise 0 10 0 Tin, forward .. .. 223 0 3 Fall 0 ’6 s Silver, standard .. Oz, 13% d Rise 7-l(ld Sliver, fine .. .. 20%d Rise %d