COMMERCE AND FINANCE

Otago Daily Times, Issue 22136, 14 December 1933, Page 14

COMMERCE AND FINANCE

MELBOURNE WOOL SALES (United Press Association.) (By Electric Telegraph—Copyright.) MELBOURNE, December 13. At the -wool sales the market was strong, any alteration in prices being in sellers’ favour. A total of 8800 bales was offered, and there was a good clearance. SYDNEY WOOL SALES (United Press Assor'itloa.) (By Electric Telegraph—Copyright.) SYDNEY, December 13. •• (Received Dec. 13, at 11 pan.) At the wool sales 12,235 bales were offered and 11,532 were sold, while 3053 were disposed of privately. There was strong general competition from Yorkshire, Japan, Germany, Italy, France, and local users, with satisfactory clearances. The market was firm. Greasy’ merino made 291 d for four bales from upper Manilla. CHICAGO WHEAT QUOTATIONS (United Press Association.) (By Electric Telegraph—Copyright.) NEW YORK, December 12. Chicago wheat: December, 85J cents per bushel; May, 86|; July, 84J. New 96J. — ■ KAURI TIMBER COMPANY IMPROVEMENT IN TRADE. (Special to Daily Times.) _ i AUCKLAND, December 13. The accounts of the Kauri Timber Company', Ltd.,'show considerable trading improvement for the year ended August 31, the thirteenth of : the company’s operations. After providing for depreciation the profits for the year amounted to £10,821, as compared with a loss in the previous year of £26,022., A debit of £36,148 in the profit and loss account from the previous two years’ operations is extinguished by the transfer of £25,327 from the .* contingency reserve fund, while £15,000 is transferred from the dividend equalisation fund to pay the 2 per cent, dividend recommended, which requires the whole of that sum. Nothing is carried forward. No dividend was paid in 1931 and 1932.

ADDINGTON MARKET (Per United Press Association.) CHRISTCHURCH, December 13. With the exception of fat sheep, entries in the principal sections at the Addington market to-day were heavy. Fat sheep advanced in price, but late rates were not maintained for either fat lambs or fat cattle. There was the heaviest entry of 'fat pigs for three years, two export buyers operating. Store Sheep.—There was a large entry, wethers coming from Blenheim and Kaikoura. The market was fair at late rates, with sales slightly harder. Ewes sold well. Forward , Corriedale wethers brought to 16s; average halfbred, 13s to 14g 6d; small, 11s to 12s 9d; merino, 8s 5d to 9s 9d; backward merino, 4s 4d to ss. Good two-tooth halfbred ewes brought to 255; sound-mouthed crossbred, 15s 6d to 16s id; ordinary, four and six-tooth crossbred, to 17s lOd; ewes and lambs (all counted), 11s 9d to 13s 6d; store lambs, 12s 8d to 15s. Fat Lambs. —There was an entry of 1900, the market easing in sympathy with the lower export which is down id to id per ib. Prime light lambs sold at up" to 7id. Values: Extra prime brought to 25s Id; prime, 19s to 225; medium, 16s 6d and 18a 6d; light, 13s to 16s. • Fat- Sheep.—There was an entry of 4200, which was smaller than recently. The quality-was indifferent Values-ad-vanced by Is per head for wethers, and ewes remained firm at late rates. Values were: Extra prime, heavy wethers brought to 28s Id;, prime, 23e, to 26sj. medium weight, 21s to ‘22s 9d; ordinary, 18s to 20s; light, 15s to 17s od. Extra prime heavy ewes brought to 23e 7d; prime, 10s to 21s; medium weight, _lss 6d to 18s; ordinary, 12s to 15e; light, 9s 6d to 11s 6d. . ’ Fat Cattle. —There was an entry of 600, which included a preponderance of cow beef. The .market was heavily oversupplied, and values were easier all round. Steers and heifers brought up to £1 per head and cows £1 to £1 10s, There were heavy passings. Best beef made from 18s to £1 per 1001b.' In odd instances extra prime handy-weights brought to 21s; good. 14s to 17s; heavy-weight, 13s 6d to 16s; ordinary quality, 10s 6d to 12s 6d; and rough down to 8s : 6d, Values: Extra prime heavy steers brought to £11; prime heavy, £6 15s to £8 6s; mediumweight, £6 to £7 ss; ordinary, £3 10s to £5 10s; light, to £3. Extra prime heifers' brought to £8 2s. 6d; prime, £4 to £6; medium, £2 15s to f 3 „15s; • light, to £2 ]os. Extra prime cows brought to £7 17s 6d; prime, £3 10s to £5; medium, £2 to £3; light, to £2.. Fat Pigs.—The entry of 800 head was the largest for three years. Approximately 400 were bought for export. An unusually large number of porkers were penned. -The demand was keen, with values very finp. Baconers sold to a medium demand, and values were slightly easier. Values: Choppers. 27s 6d to £3 11s,; porkers, 27s 6d to 31s 6d; heavy, S3s 6d to. 36s 6d; extra heavy, to 39s 6d (average : price per lb, 5d to 5Jd); baconers, £2s 6d to 47s 6d; heavy, 50s to 56s 6d; extra heavy, to 59s 6d (average price per lb, 4d to 4Jd). V , >

LOCAL AND OVERSEAS MARKETS.

THE SHARE MARKET DUNEDIN STOCK EXCHANGE New Zealand Insurances were reported to have been sold yesterday at £2 17s 3d. An offer of £2 16s 9d yesterday afternoon failed to attract attention from buyers. Okaritos, it was reported, had been sold at 9s and 9s Id. A seller was in the market at 9s Id later in the day, but buyers were not attracted. Dominion Fertilisers experienced a sharp fall. On Saturday they were sought by buyers at 18s Id, with sellers at 18s 6d, but yesterday afternoon a seller who offered to take 15s 6d met with no response. SALES REPORTED.

DIVIDENDS PAYABLE. The following is a list of shares on which dividends will shortly be payable: Broken Hill South, Is ». .. .. Dec. 15 Blackwater, la, interim .. .. Dec. 15 Consolidated, '6d .. Dec. 15 Bulolo, approx., 2s lid .. .. Dec. 15 Gear Meat, Is 6d, final .. ~ Dec. 16 Mount Lyell, 6d, final Dec. 18 Paddy’s Point, 3d, second .. .. Dec. 18 Mount Morgan, 2s, interim .. . Dec. 27 British Tobacco, 3 3-sd, final .. Dec. 30 National Bank of New Zealand, Is, interim Jan. 6 A.P.A., Ijd, final .. Jan. 31

NORTHERN EXCHANGES (Pen United Peers Association.) The following business was transacted on yesterday:— « Auckland.—Sales: Stock, 1938-52, 3J per cent., £lOl ss; Stock, 1940, 4 per cent., £lO2 10s; Bonds, 1940, 4 per cent., £lO2 ss; Amalgamated Brick (Auckland), 1944, 7| per cent,, £9O; Commercial Bank of Australia, 17s lOd; Bank of New South Wales, £32 ss, £32; Bank of New Zealand, 47s 3d (two), 475, 47s 2d; New Zealand Insurance, 57s 6d; Goldsbrough, Mort, 32s 9d; Dunlop Rubber, 10s lOd; New Zealand Drug, 73s 9d; Farmers’ Fertiliser, 18s 9d, 18s 7d; Wilsons Cement, 26s 3d; Waihi, 275; Kuala Kampar, 12s 6J; Mount Lyell, 22 s 3d. . Wellington.—Sales: Bank of New Zealand, 475; Union Bank, £9 15s (both late Tuesday); South British Insurance, 77s 3d; New Zealand Refrigerating, 20s Id; King Solomon, 3e 2d (late Tuesday), 3a 2d; Waihi, 275, 27s (two), Christchurch.—National Bank of Australasia (£5 paid), £6 8s 6d; Timaru Brewery (7s 6d paid), ss; Anthony Hordern, 13s 4d; Dominion Fertiliser, 14e 6d (two); Dunlop. Rubber, 19s lid (four); Electrolytic Zinc (pref,), 335; Mount Lyell (cum div.), 22s 7d, 22s Sri, 22s 9d; Bell-Hooper (9d paid), 3Od (two); Blackwater (cum div.) - , 30s Od; Charleston Sluicing, Is 9d; Freshford, IJd, Id (two); Golden Dawn, Is 9d; Golden Point, 8(1 (two); King Solomon, Ss 2d (two); Nevis Diesel Electric, Is (three); New Cornish Point (6d paid), 6d;, Waihi, 2_7s Id; Waitahu, 5s sd. Sales reported: Westport Borough Council, 6

per cent., 1944, £101; Dominion Fertiliser, 14s 6d* 14s 4d, 14s 3d; Mount Lyell (cum div.), 22s 6d. LONDON STOCK EXCHANGE (United Press Association.) (By Electric Telegraph-Copyright.) LONDON, December 12. Dalgety and Co. shares, £7 15s (ex div.); 4 per cent, debenture Stock, £97 10s; Goldsbrough, Mort, 5 per cent, “ B ” debenture stock, £9B 10s; Bulolo, 82s Cd. SYDNEY STOCK EXCHANGE THE MORNING SALES. (United Press Association.) (By Electric Telegraph—Copyright.), „ SYDNEY, December 13. (Received Dec. 13, at 6.5 p.m.) The morning sales on the Stock Exchange were as follows:—Bonds (4 per cent): 1938, £lO5 3s 9d; 1941, £lO4 10s; 1947, £lO5 ss; 1953, £lO6 2s 6d. Bank of New South Wales, £3l 10s; Australian Gas (A), £7 14s 6d; Tooths, 42s 6d; Associated News (preference), 20s Colonial Sugar, £64 2s 6d; Dunlop Perdriau, 20s (preference, 35s lOJd); Goldsbrough, Mort, 335; Henry Jones, 34s 4£d; Lustre Hosiery, 17s 9d; Millaquin Sugar, 30s. THE AFTERNOON SALES. SYDNEY, December 13. (Received Dec. 13, at 10 p.m.) On the Stock Exchange high-class securities retained a very firm front and buyers showed a distinct inclination to bid up for stocks affording a well-secured income. Banking shares, however, were inclined to drift. The afternoon sales were as follows; Bank of New South Wales £3l 7s 6d, 'Bank of Australasia £l2 10s, Colonial Sugar £O3 10s, Associated News 21s 6d (pref. 20s 71d), Huddart, Parker 335, Burns, Philp 545, British Tobacco 375, Burns, Philp South Sea 325, Dunlop Perdriau 20s, Berlei 29s 6d, Tooth’s 42s 6d, Goldsbrough, Mort. 33s 3d, David Jones 36s 3d, John M'Grath 275, Millaquin Sugar 30s, Fairymead Sugar 325, Henry Jones 34s 3d, Wilcox, Mofflin 11s 7d, Bulolo Gold £5 4s 6d, Kuala Kampar 13s Id, Mount Morgan 58s 6d, Broken Hill Proprietary 41s IJd. MELBOURNE, December 13..

Commercial Bank of Australia (pref.) £9 2s, Metropolitan Gas £"l3 4s, Commercial Bank of Australia 18s, Dunlop Perdriau 20s, Goldsbrough, Mort. 335, Electrolytic Zinc 26a 4Jd, Adelaide Steam 265. % , A AMERICAN MONEY MARKET (United Press Association.) (By Electric Telegraph—Copyright.) WASHINGTON, December 12. The dollar ranges between 64,92 and 63.91 in terms of the franc, and closed at 64.76, up .64, Sterling closed at 5.03 j off 3J. The franc was down six points to 6.05. THE DOLLAR (United Press Association.) . (By Electric Telegraph—Copyright.) LONDON, December 12. Exchange on New York is quoted at 5.09 J dollars to the £l. ‘ PRICE OF 1 GOLD (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, December 12. Gold is quoted at £6 0s 4jd per ounce.

MINING MOUNT DAVID COMPANY. The manager of the Mount David Sluicing Company, Ltd., has submitted the following report to his directors; — The amount of water flowing in the head race this week was so little that by damming the water in the pipes we could only get about eight minutes every two hours, so I did not record it at all. I sent three men for three days to assist the head-race men to repair the very leaky section near the head of the race, and they consider that part is now good, except for a few small leaks. This should make a very appreciable difference in the amount of water reaching the claim after this long spell of fine weather breaks. We shall shortly require about six pipes each 20ft long, 15in or 18in diameter, as all except a few 9in pipes are now in use, and we shall require that number to reach the next face, which we will be opening 'Up in about a month’s time. As there was no work which required to be done, the men at the" claim have been idle for the last three days. ' LONG TRAIL GOLD MINING CO. The directors of the Long Trail Gold Mining Company, Ltd., visited the mine at Coromandel in company with a raining engineer, who sampled the mine and assayed the samples with the following results:— M’Neil’s intermediate level, Long Trail reef.—Sample 1: 14.5dwt gold million per ton; width 20in, Sample 2: lOdwt gold bullion per ton; width 18in. Sample 3: 14.5dwt gold bullion per ton; width 20in. Low Level.—Sample 4: lOdwt gold bullion per ton; width 12in. No. 2 Leader.—Sample 5: B.sdwt gold bullion per ton; width 12in. - Sample C: 55.7dwt gold bullion per ton; width 12in. Red Trail Reef, top level.—Sample 7: 34.3dwt gold bullion per ton; width 14in. Low level—Sample 8; 30dwt gold bullion per ton; width 30in. Samples taken from Sundry reef and panned off showed payable ore for a width of 4ft Sin. PHENOMENAL RETURNS OF GOLD. Another 20 bags of rich ore from the Lady Gladys mine at Mulline were treated at Kalgoorie recently (states the, Sydney Morning Herold), and values secured in the 15 bags treated previously, which returned 1360 z of gold, were maintained, the return being 180 oz. Approximately one ton of ore has been treated for 3160 z, and another two tons and a-half approximately, of this rich parcel remain to fee completed. In addition to this rich ore, the option company has more than 150 tons ready for treatment at the Young Australia battery, near the company’s mine at Mulline, and it is expected that the yield will more that} furnish the purchase price of the mine—£l7,oo0 —before Christmas. FOREIGN EXCHANGES fßritish Official Wireless.) (United Bresa Association.) (By Electric Telegraph—Copyright.) RUGBY, December 12.

. LONDON METAL MARKET (United Press Association.) (By Electric Telegraph —Copyright.) ' LONDON, December 12. (Received Dec. 13, at 10 p.m.) The following are the official metal quotations:— Ton

THE BANK OF NEW SOUTH WALES The Bank of New South Wales hag for several years, working on lines similar to those adopted by several of the most substantial English, Continental, and American banks, maintained as a permanent department in Sydney an economic section which is responsible for general re-, search into relevant economic problems. The practice has also been followed of attaching temporarily to this department as economic adviser an academic economist who returns to the service of his university at the conclusion of the period during which he has worked with the bank. This p-. st has already been filled by Professor Melville, formerly of the University of Adelaide, Professor Shaun, of the University of Western Australia, and Professor Hylten, of the University of Tasmania. Dr Fisher, who has been granted leave by tha council of the University of Otago to enable him to fill this post during 1034, will leave for Sydney on January 15.

Messrs Fraser and Co., selling agents for the Otago and Oamaru Egg Circles, report as under:— Eggs: Poultry farm eggs, market rates; others, 9d to lOd per dozen. Butter: Separator pats, 6d to 7d per lb; bulk, 7d per lb. Tallow, 8s to 9s per cwt. Pigs: Good bacon weights, 5d per lb; over-weights, 2d to 3d: porkers, to 5d per lb. Potatoes, L|d per lb. Chatt', £3 15s to £4 per ton, sacks extra. Whole fowl wheat, 4s to 4g 3d per bushel. Bulk honey, to 4d per lb; 101 b tin's, 3s 3d to 3s 6d. Beeswax, Is. Poultry: White Leghorn hens, 3s to 3s 6d; heavy breeds, 4s to ss; cockerels, 5s to 10s; roosters, 2s to 3s; ducks, Ss to 4s; ducklings, fig to Bs, 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 arrive not later than Wednesday morning of each week. We have a stock of poultry crates on hand for the use of our clients.

THE LEAD MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, December 12. Lead, —Imports; 27,942 tons (Australian 14,169); exports, 1326. DAIRY PRODUCE The South Island Dairy Association, Ltd., has received the following market report from London: — Hutter. —Quiet; 71s to 725; Danish, 112 s. Cheese. —Steady. White, 495; coloured, 45s to 48s. PROPERTY SALES Messrs John Reid and Ltd., at their rooms yesterday, submitted to auction, on account of the trustee in the estate of Alexander Morwood, deceased, allotments 30, 32, and 33, Township of Roseneath, containing 3 roods 23 poles. There was a good attendance and bidding was keen, the property eventually being knocked down to Mr J. E. Robertson for £l2O. The same firm reports the following sales:—On account of the Trustees Executors Company, Ltd., of a valuable freehold in Lower Rattray street, close to the wharf, being part section 3,-block XLVII, town of Dunedin, at a satisfactory price to a local manufacturing firm. On account of the Perpetual Trustees Company, Ltd., another very valuable city property being section 16, block XV, town of Dunedin, with three-storey building thereon (lately known as the New- Zealand Hardware Company’s premises), fronting Cumberland and Dunbar streets. On account of the Public Trustee, part allotments 39 and 40, second extension of St. Clair and modern residence thereon in Inga avenue, to a client. , The same-firm reports that it has also recently concluded the sale of various residences and freehold sites in the city and suburbs, and the indications are that the property market is showing signs of improvement, though vendors have to adjust their prices to meet the new conditions prevailing.

COLOMBO TEA SALES Mr L. M. Wright has received the following -cabled report on the Colombo tea auction of December 12:- — The market for common teas advanced 2 to 3 cents, while good Broken Pekoes .were slightly irregular. The demand for other grades was less active than previous sale. Quantity auctioned was 2,010,0001 b. At next week’s sale 2,610,0001 b will be catalogued.

SMITH AND SMITH, LTD. DIRECTORS’ REPORT. The report of the directors of Smith and Smith, Ltd., for the year ended June 30 last, is as follows: The result of "the year’s operations discloses a net loss of £376’ 18a 3d. This amount, together with; a debit balance <4 £BB2I 10s lid carried over from last year, leaves the profit and loss appropriation account in debit to the extent of £9IOB 9s 2d. This time 12 months ago the hope was expressed that during the period, now reviewed a general improvement in trade conditions might be looked for. Uritortunately, this improvement did not eventuate. The demand for the ( company’s products Was severely restricted owing to the stagnation of the building trade, and following a reduction in turnover the gross profits decreased by very nearly. £3OOO. Savings, however, were effected wherever possible, and the expenses of running the business were reduced by almost £9OOO, The general position, therefore, is somewhat better than it was this time last year, although the conditions now obtaining do not indicate an early substantial recovery in building. It is not possibTe_ to reduce expenses ’further, and until an improvement in turnover can be obtained there is little chance of the company being able to show a better return. The company’s financial position is "easy,” and, as the directors feel that there is now more reason to expect some improvement than there has.been at any time during the last two or three years, they have recommended that one halfyearly dividend on the preference shares should be paid in October, 1933.

£ s. d. New Zealand Insurance .. . 3 Okarito . 0 Okarito ’ n o 1 UNLISTED STOCK. Glenroy 0 0 The following are yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage ;— BANKING. Buyer. Seller. £ s. d. £ s. d. New Zealand .. ,. 2 7 0 2 7 6 Natl, of N.Z. .. 4 0 0 4 3 0 INSURANCE. National 0 19 2 New Zealand .. .. 2 16 9 Standard 3 I 0 3 4 0 SHIPPING. Huddart, Parker (ord.) 1 11 0 Huddart, Parker (pref.) I 4 0 U.S.S. Co. (pref.) ,. 1 4 9 — r COAL. Kaitangata . 1 2 6 Westnort 0 14 0 W estport-Stockton (ord.) ... .,. .. — 0 1 0 LOAN AND AGENCY. National Mortgage 3 4 6 National Mortgage (11 Issue) .. .. 1 11 0 N.Z. Loan and M. (ord.) 61 0 0 Wright, Stephenson (ord.) . 0 18 9 Wright, Stephenson . (pref.) .. . _ .. 0 17 6 — MEAT PRESERVING. N.Z. Refrig. (pd.) 0 19 9 1 0 3 South. Froz. Meat „ (Paid) 3 0 0 3 1 0 South Otago Freez. 5 3 0 MISCELLANEOUS, British Tobacco ,. 1 18 0 Brown, Ewing (ord.) 0 16 0 Bruce Woollen (ord.) . 0 10 6 Bruce Woollen (pref.) 0 18 0 1 0 0 Crystal Ice .. 1 11 0 D.I.C. (ord.) .. 0 14 6 . D.I.C. (pref.) 1 2 6 Dominion Fertiliser 0 15 6 Dominion Fertiliser (Debs.) 101 10 0 104 0 0 Dominion Rubber.. 0 19 0 Donaghy’s Rope .. 2 6 0 Kaiapoi Woollen (pref.) .. .. .. ■ 0 13 0 Milburn Lime .... 1 11 0 M'Leod Bros 27 0 0 Mount Lyell .. .. 1 2 5 National Electric.. _ 0 6 2 N.Z. Drug Co. 3 12 6 Farmers’ Fertiliser . : 1 0 0 Regent Theatre .. — 1 0 5 Smith and Smith.. m 0 19 0 Wilsons Cement .. 1 6 6 N.Z. Newspapers .. 1 7 6

BREWERIES. N;2f. Breweries .. _ 1 17 6 ' OIL. Moturoa * — 0 4 0 Moturoa (pref.) .. ■— 0 5 0 MINING. Waihi 1 6 10 Waihi Grand Jctn. 0 4 2 0 4 6 Mahakipawa .. .. 0 0 1 0 0 2 Okarito 1 1 0 9 1 Paddy’s Point . •HO 4 6 Golden Progress .. .vi.; •-— o/l 8 King 7 Solomon 0 3 1 0 3 3 Golden Point 0 0 0 0 34 Blackwater ., ., 1 9 0 1 11 6 Gillespie’s Beach .. 0 1 11 0 1 Hi Waitahu 0 5 4 0 5 6 Big River .. ... — 0 1 1 Mount David .. .. ■ 0 2 0 Nokomai .. .. .. • 0 3 0 Freshford — 0 0 2 Upper Shotover .. — 0 1 5 Lawson’s Flat 0 0 4 0 0 7 Central Shotover.. —, 0 10 Bell-Kilgour ... 0 1 0 0 11 Bell-Hooper .. .. 0 0 11 0 0 Hi Oxenbridge .. '• — 0 0 94 Bendigo Goldlight.. •. — 0 0 6 Nevis Diesel -.. ... ,0 1 0 0 1 0i Charleston .0 1 8 0 1 11 GOVERNMENT LOANS. 3J p.c. Ins., 19381943 101 0 0 3i p.c. Ins., 19381952 ., .... .. 100 15 0 3J p.c. Ins., 19391943 101 0 0 3J p.c. Ins., 19391952 100 15 0 3J p.c. Ins., 19411943 101 0 0 3J p.c. Ins., 19411952 100 15 0 4 p.c. Bonds, Jan., 1940 102 2 6 _ 4 p.c. Ins., Jan., 1940 ., .. .. .. 102 2 6 4 p.c. Bonds, Feb., 1946 101 15 0 ■ - 4 p.c. Ins., Feb., 1946 ........ 101 15 b • - - 4 p.c. Bonds, April, 1949 100 15 0 4 p.c. Bonds, June, 1955 102 0 0 4 p.c. Ins., June, 1955 102 0 0 ' H Cum dividend.

Paris— Par. Dec. 11. Dec. 12. Francs to £ 1 124.21 83 13-32 83 19-32 Brussels—, Bellas to £ 1 35 23.49} 23.53} Oslo— Kroner to £1 18.180 19.90 19.90 Stockholm— Kroner to £ 1 Copenhagen— 18.150 19.39 19.39 Kroner to £1 18.150 22.40 22.40 Berlin-^ Marks to £ 1 ,. Montreal— 20.43 13.70 13.72 Dollars to £1 4,86 2-3 5.04 5.05} New York— Dollars to £1 4.86 2-3 5.081 5.07! Yokohama— . Pence to yen .. 24.582 14 T-16 14 13-32 Hongkong— Ponce to dollars 24.58 175 17 3-16 Bombay— Ponce to rupee —- 18 1-32 18 3-64 Batavia— Florins to £1 12.10 8.06 8.06 Milan— Lire to £1 .. 82;48 62 3-18 62} Amsterdam— Guilder to £ 1 Prague— 12.107 8.12 8.13} Kroner to £1 1041 110 110 Geneva— Francs to £ 1 Vienna— 25.22} 16.88 16.92 • Schillings to £ 1 84.861 30 30 Helsingfors— Marks to £1 .1 Madrid— 198.23 228} 226} Pesetas to £ 1 25.231 39 31-32 40 1-16 Belgrade— Dinars to £ 1 25.22} 240 240 Athens— Drachma to £1 375 570 582} Lisbon — Escudos to El 110 1092 109% Bucharest— Lei to £1 Bio de Janeiro— 931.6 550 550 Pence to mllrels 5.890 . 4% 4% , Buenos Aires— Pence to pesos 47.28 35% 35% Shanghai— Pence to tael Montevideo— — 15 11-16 15% Pence to pesos ' 35} 85} Warsaw— Zlotys to £1 . . • — —

Copper, spot .. .. £30 » 4% Rise £0 1 10% Copper, forward ,. 30 11 10% Rise 0 1 3 Electrolytic, spot ., 33 10 0 No change Electrolytic, forward .. 34 0 0 No change Wire bars .. 34 0 0 No change Lead, spot 11 8 9 No change Lead, forward .. „ 11 13 0 Rise 0 6 3 Spelter, spot ,. .. 14 12 0 Fall 0 2 6 Speller; forward 14 18 0 No change 228 1 3 Fall 0 7 6 Tin, forward .. ., 228 3 8 Fall 0 8 0 Pig Iron, borne trade 3 2 e No change I’lg iron export .. 2 IS 0 No change Antimony, British • • 88 10 0 No change Antimony foreign «. 21 15 0 Rise 0 5 0 Oult. Molybdenite .. .. 2 1 0 No change Wolfram .. ,, M 1 7 02. 0 Rise 0 1 0 Sllrer. standard .. 18%d Fall %d Sllrer. fine .. IS IS-lfld Fall 3-10d