COMMERCE AND FINANCE

Otago Daily Times, Issue 22354, 30 August 1934, Page 14

COMMERCE AND FINANCE

MINING NEWS QUARTZ MOUNTAIN, LIMITED STATUTORY MEETING. The statutory meeting of the Quart Mountain (Papua) Company was held on Tuesday evening in the Returned Soldiers’ rooms, an excellent attendance of shareholders being present. Moving the adoption of the statutory report, the chairman (Mr W. T. Easton) apologised for the unavoidable absence of Mr J. W. Thomson, who was in Sydney completing final arrangements in connection with the purchase and shipping of plant to Misima. He reminded shareholders that it was just three months since the company went to allotment, and then proceeded to report on the activities of the company and progress made during that time. The greater part of the plant procurable in Australia, together with the plant taken over from the Papuan Syndicate, approximately 130 tons to the insured value of over £IO,OOO, had been shipped, and advice had been received that this plant had safely arrived at Misima. A final shipment of 35 tons was due to leave Sydney for Misima to-day. A new Menu] Crowe cyanide plant had been ordered with delivery promised in about 14 weeks. The amount expended to date for plant ' and on account of preliminary expenses was well under the estimates as provided for in the prospectus. From reports received from Misima, good progress was being made there, and from the knowledge of the expeditious manner in which all necessary work had been carried out during the past three months, the directors were more convinced than ever that the company had secured a good mining proposition, the management and the control of which was in the hands of a capable and well organised staff, SANDHILLS REPORT • At a meeting of directors of the Sandhills Gold Mining Company, Ltd., on Tuesday it was reported that the diversion- ■weir, recently constructed under Lae supervision of Mr Lloyd Mandeno,. had come through the recent exceptional flood very satisfactorily. The new weir suffered no damage, whilst an immense amount of good, was done in the diversion cut. Ten feet depth of water had been passed through the cut and this had greatly widened it by carrying away upward* of 100.000 cubic yards of material. Over half the s river was now diverted through the cut, and it was anticipated that the stabilising of the river through the diversion would shortly be expected. BELL-HOOPER REPORT The following is the, report of the Bell-Hooper Cromwell Gold, Ltd., for the week ended August 24: — No. 1 mine area: A small area in block B was taken out, but work ".was discontinued as the values were low. In block A a panel 7ft . wide was taken out .foiv a distance of 17Jft for payable values. The balance of this block will be taken out from the north drive. In block Q a further Bft was driven in the 2a north drive. Values became low and the bottom started to rise steeply. Work here lias now been stopped. A start was made blocking out on the north side of the west cross drive against No. 2 north drive. Payable gold only extended for sft. The next panel to the eastward was started for payable ground; On • the south side, opposite to these, workings, blocking out was, continued'for.payable gold. No, 2 mine, area: No. 4 north drive was advanced 2l|ft for the period,, making a total of . 135|ft north Of the west cross drive. The bottom still, remains on-the level, of;tbe oap, of theTtimber. Samples have‘contained no'gpld/or only a trace. The gold return for the week was 17oz 17dSvt Isgr. ! Of this lOoz 6dwt I4gr came from Q block for a cubic yardage (truck) of 48 equalling 4.292dwt per cubic yard or 1.029dwt per square foot cleaned up. .. BEN LED! SLUICING COMPANY - The secretary of the Ben Ledi Sluicing Company reports as follows: — The company’s manager (Mr D. J. Deegan) attended a meeting ,of the board of directors in Christchurch, on Monday to report on the progress of the work and to discuss a few filial' details propa rlory to the commencement of sluicing operations. Ho advised' that the whole race, together with all the necessary flaming, was completed with the exception of No. 4 flume .and a small amount of work on No. JL This would take about 10 days to complete, and during this time the laying of the pipe Hue would be proceeded with. All the largo pipes .arc on the job, and tlic smaller ones are expected within the next few days. Provided these arrive on time the construction of the pipe line should be completed in approximately two weeks. Mr Deegan is of the opinion that the race will easily carry 15 heads of .water,, although 10 heads will be quite, sufficient for the company’s purposes,. He reported that the supply of water from the subsidiary streams at present is so good that only about a head and a-half would require to be taken from the- intake, although eight heads are available there, leaving a reserve of over six heads in the main stream. It is anticipated that active sluicing will be commenced by.the middle of September. V LAWSON’S FLAT RETURN (Per United Press Association) CHRISTCHURCH, August 29. ’ The Lawson’s Flat return for tw'o weeks was 440 z 3dwt. EXPORT OF EGGS * FIRST OF SEASON’S SHIPMENT. (Special to Daily Times) : AUCKLAND, August 29.' Approximately 7500 dozen eggs will be shipped to London by the Rangitane, on Friday. This will be the first of the season’s shipment of eggs for export, and from now on till about the middle of November further shipments will be made. Next month it is expected that over 27,000 dozen eggs will be shipped from the Auckland province alone. An experiment is being tried with Friday’s shipment in that the eggs are packed in a new style of container' made : of pulp. Each egg is in a separate compartment, and the containers are’.placed in crates, each of which holds 30 dozen eggs.

LOCAL AND OVERSEAS MARKETS

THE SHARE MARKET DUNEDIN STOCK EXCHANGE A parcel of Reserve Banks changed hands at £6 9s fid on the Dunedin Stock Exchange yesterday, the market for these shares closing with buyers offering £0 9s 3d, and sellers asking £6 10s. Oxenbridges were also dealt in at 9d, but uo quotations for these shares were received at the afternoon call-over. There was a slightly easier inquiry for Bank of New Zealanders, buyers offering £2 7s 3d. Sellers, however, remained firm at £2 7s 9d. Buyers of National Insurances were prepared to give 19s Bd, but sellers required 3d above that figure. A sale at 19s 9£d was reported. Standard Insurances were inquired for at £3 6s 3d, but sellers did not come Paid-up Southland Frozen Meats.were in demand at £3 lls, as were also the preference shares, but sellers were not interested. Buyers of New Zealand Breweries offered £2 7s 3d, sellers’ requirements being 9d above that figure. SALES ON ’CHANGE.

SALES REPORTED AFTER LAST CALL. Commercial Bank .. .. 015 10 Commercial Bank 0 15 11 The following are yesterday afternoon’s buying and selling quotations, which are subject tp the usual brokerage:—

NORTHERN EXCHANGES (Peb United Press Association.) The following business was done on ’Changes yesterday;— Auckland.—Sales: Rural Bonds, 1947, 5 per cent., £104; Stock—l94o, 4 per cent., £IOB (3); ditto, 1946, 4 per cent., £lO7 5s (2); Takapuna Borough, 1964, 5J per cent., £lO5 15s; Standard Insurance, 07s; Gas, 23s fid (3); ditto cent., 18s 9d; Northern Steam (3s fid paid), Is fid; Leyland, O’Brien, 22s 4£d; Tooths Brewery, 455: New Zealand Breweries, 47s fid; Bycruft, 525; Colonial Sugar, £G6 ss; Consolidated Brick, 9s 9d; Gear Meat, 26s fid; Wilsons Cement, 30s; Goldfields Dredging, Is 2d; Mataki, 2s 3d; Broken Hill Proprietary, 49s 3d; Mount Lyell, 20s 3d. —Unofficial list; Woolworths (Sydney, ord.), 695. Wellington.-—Sales; Inscribed Stock—--4 per cent., 1946, £lO7, ss; Bank of Adelaide, £5 7s fid; Bank of Australasia, £ll 10s (late Tuesday), £ll 12s fid; Commercial Bank of Australia, 15s lOd (late Tuesday); Bank of New South Wales, £3l 15s (late Tuesday); Bank of New Zealand, 47s fid; Goldsbrough, Mort, 31s fid; New Zealand Loan and Mercantile, £53 15s; National Insurance, 19s lOJd; South British Insurance, 83s lOJd; Gear Meat, 25s 9d; New Zealand Refrigerating, 18s fid (both late Tuesday); Union Steam, 27s 4d: Leyland, O’Brien, 22s fid; Dunlop Rubber, 19s 9d; Wilsons Cement. 30s (both late Tuesday); Bell-Kiigour. 3£d. —Unofficial list: Woolworths (Sydney), 68s 9d (2). Christchurch. —Sales; New Zealand Government 4 per cent. Inscribed, 1946, £lO7 7s fid; New Zealand Government 4 per cent. Bonds, 1940, £IOB ss; E.S. and A. Bank, £5 6s (8); National Bank of Australasia (£5 paid), £6 ss; Bank of New South Wales (ex div.), £32; Bank of New Zealand, 47s fid (2); New Zealand Guarantee Corporation, 4s fid (2); New Zealand Refrigerating (10s paid), 9s; Stockton Coal (pref.), 4s 9d (2); Broken Hill Proprietary, 48s 9d _ (3); Electrolytic Zincs (ord., cum div.), 27s lOd; Alexander Mines, 19s (2); Brian Born, Is sd, Is fid (2); Glenroy, Is 2d (2); Goldfields Dredging, Is 2d; King Solomon (cum div.). 4s 3d; Mount Lyell, 20s 3d, 20s 4d: Waihi Grand Junction. 4a 4d; Mossy Creek-. Is Skippers, G^d. — Sajes reported: New Zealand Insurance. 635; South British Insurance. 84s; New Zealand Breweries, 47s 3d; Bell-Hooper. 5Jd; Worksop Extended, Is Sd; Mossy Creek, Is 7§d (2). —Unofficial list: Sales reported—Woolworths (Sydney, ord.), CSs 9d. SYDNEY STOCK EXCHANGE (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY. August 29. The early sales on Exchange were as follows:—Bonds: 4 per cent., 1950, £lO6 17s fid; 1957. £IOB 10s. Shares: Commercial Bank of Sydney, £l7 7s; Bank of New South Wales (ex div.), £3l 12s fid; Australian Gas (A), £7 Ifis fid; Berlei (pref.), 30s; Broken Hill Proprietary, 48s fid; Goldsbrough, Mort, 31s fid; Wilcox, Mofflin, 13s fid. ADDITIONAL SALES. SYDNEY, August 29. (Received August 29, at 10 pan.) _ On the Stock Exchange the conditions noted yesterday still continue. The investment market is strong and animated. . Additional sales to-day were:— Bank of New South Wales (ex div.), £3l 7s fid; Commercial Bank of Sydney, £l7 7e; Colonial'Sugar, £66 15s; Mercantile Insurance, 22s 9d; Tooheys, 27s 3d; Australian Glass (New. Zealand delivery), 62s 9d; Goldsbrough, Mort, 31s 9d; Commonwealth Wool, 20s; Morris Hedstrom, 16s 3d; Winchcombe, Carson (ex div.), 30s; Henry Jones, 31s 10.1 d; Fanners, 20s; Anthony Hordern, 14s fid; Lustre Hosiery, 245; Mount Morgan, 27s 3d: Broken Hill Proprietary, 395; North Broken Hill, 99s 9d; Rawang Tin, 0s Id; Placer Development, £2B 9s; Peninsula Tin, 20s 9d; Euratha Gold. 10s fid. MELBOURNE, August 29. Commercial Bank of Australia, 16s; Gordon and Gotch, 44s 3d; Herald and Weekly Times, 52s 9d; National Bank (£5 paid), £0 ss; Dunlop Pcrdriau, 10s 7d.

FOREIGN EXCHANGES (British Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, August 28.

LONDON STOCK EXCHANGE

(Untied Press Association.) (By Electric Telegraph—Copyright , LONDON, August 28. New Guinea. 5s lid; Batik ot Australasia, £9, ex div.; Bunk of New South Wales, £24; Union Bank of Australia, £7 2a 6d; National Bank of New Zealand, 56s 6d; Bank of New Zealand shares. 43s 6d; Loan and Mercantile. £80; ordinary stock, £42 10s. PRICE OF FINE GOLD (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 28. Fine gold is quoted at £0 19s Ltd per ounce. DOLLAR AND FRANC (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 28. Exchange on New York is quoted at 5.05 9-16 dollars to the £, and on Paris at 75| francs to the £. ADDINGTON STOCK SALE fpEB United Press Association.) ADDINGTON, August 29. i A sharp advance took place in the major sections of • stock at to-day’s market, the entries of fat cattle and sheep being insufficient for butchers’ requirements. Store Sheep.—The entry was one of the smallest of the season, and there was a keen sale. Ewe hoggets made to 2Cb 9d, two-tooth ewes near lambing, to 355; mixed aged ewes, to 29s 3d; forward wethers, to 23b. 'Fat Sheep.—Only 3000 were penned, as against the normal requirements of more than 4000. Good sheep were better by 2s 6d to 3s a head* and secondary by 2s. Extra prime heavy wethers made to 33s 7d; prime heavy, _ 28s 6(1 to 31s 6d; medium-weight prime, 25s 6d to 28s; ordinary, 22s to 255; light to 21s. Extra prime ewes made to 29s Id; prime, 21s to 25s fid; medium-weight prime, 21s fid to 23s fid; ordinary, 19s to 21s; light ewes, to 18s fid. ’ Fat Cattle. —There was a yarding, of i 340 penned, including some good consignments from South Canterbury to South Otago. There, was an advance of up to 25s for good cattle and 15s for lighter sorts. Best beef made from 28s fid to 31s; special, 32s per 1001 b; heavy, 25s to 28s; ordinary, 22s to 245; and inferior, down to Ids, Extra prime heavy steers, to £l4 2s fid; prime heavy, £lO 15s to £l2 15s; prime medium-weight, £9 15s to £ll 10s; ordinary, £fi 15s to £9 ss; light, to £0 sa. Extra prime heifers made to £ll 7s fid; prime, £7 5s to £9 15s; ordinary, £5 5s t 6 £7; light, £4 to £5. Extra prime cows made to £lO 12s fid; prime, £7 to £8 15s; ordinary, £5 to £0 15s; light and aged, £2 15s to £4. Store Cattle. —No quotable lines were forward. Fat Pigs.—There was a short entry, and the keenest sale for 12 mouths. Choppers made 50s to £4 13s fid; baconers, 47s 6d to £3 15s fid; average price per lb, 4Jd to sjd. Porkers brought 28s fid to 46s fid; average price per lb, sj[d to fild. Store Pigs.—There was a good sale. Best stores, 23s to 26s fid; others, 14s to 21s fid; good woaners, 13s fid to IGs fid: others, Cs to 12s (id; sow with litter, £0 ss. • DAIRY PRODUCE ,Tlie Otago Farmers’ Co-operative Association of New Zealand, Ltd., is in receipt of the following cablegram from Messrs Lovell and Christmas, London, dated August 28:— Butter, 78s to 795. Cheese: White, 495; coloured, 45s fid, 4Cs. Both markets very quiet. The South Island Dairy Association, Ltd., has received the following market report from London:— Butter: Quiet; 78s to 795; Danish, 106 s. Cheese: Quiet. White, 495; coloured, 45s fid SMITH AND SMITH, LIMITED The directors of Smith and Smith, Limited, advise that half yearly dividends on preference khares on the current financial year will be paid on January 31 and July 31, 1935. Payment of the dividend in arrears on one year will be made on October 31, 1934, and April 30, 1935. In view of the improved condition of trade during the past 12 months, and with good prospects ahead, the company has practically regained dividend-earning capacity. COLOMBO TEA SALE Mr L. M. Wright has received the following cabled report on the Colombo ten auction of August 28:— At yesterday’s auction of l,810,000!b common, medium, and fine grades were slightly easier. The quality of offerings was good. There will be no nalc next week. Nessrs Fraser and Co., selling agents for Otago and Oamaru Egg, Circles, report as under: —Eggs: Poultry farm eggs, market rates. Butter: Separator pats, fid to 7d per lb: bulk, 7d per lb. Tallow, fie to 9s per xnvt. .. Pigs: Good baconweights, 5d per lb; over-weights, 2d to 3d; | porkers. 5d per lb. Potatoes, £3 10s per | ton. Wheat, 4s 3d per bushel. Chaff, I £4 to £4' 10s per ton, sacks extra, ex I store. _ Bulk honey, 4-Jd to 5d per lb; I 10lb tins, to 5s fid. Beeswax, Is. Poul- j try: Pullets, 8s to 10s per pair; White | Leghorn hens, 4s fid to ss; heavy breeds. I 5s to 7s; cockerels—light 4s to 6s, heavy i 6s fid to 8s fid; roosters, 2s to Ss; ducks, ; 3s to 6s; ducklipgs, 5s to C«, all per pair Turkey gobblers, 8d to 9d per lb, live weight; hens, 7d to 8d per lb. Wc stock “ Palmer’s” chick food, “National ” meat meal. leg rings Is per dozen. 1 (Special quotes for quantities.) We are agents for “ Champion ’’ egg crates, “ Isco ” cod liver oil for poultry, price on application. Consignors please note that all pigs ami 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.

LONDON METAL MARKET LONDON. August 28. (Received August 29. at 10 p.m.) The following aro the official metal Quotations: —

IMPROVED TURNOVER AUSTRALIAN INDUSTRY. In its monthly summary of Australian conditions the National Bank of Australasia states that in most sections of trade and secondary industry there appears to be a slight improvement in turnover. Tanneries are busy, although local manufacturers of boots and shoes report only fair conditions. Competition generally is very keen, and profit margins are consequently slender. The real estate market is experiencing a dull period, although the building trade and allied industries are exceptionally active. The value of building permits issued during the 12 months ended' June 30- last indicates the marked improvement in the condition of the building industry over that period. Compared with the parallel period for 1932- the value increased, by £1,650.034, and by £2,784,151 in comparison .with 1930-31. Commercial and other buildings for which permits were issued during 1933- were valued at £1,044.741. This value, of which more than one-half relates 'to the City of Melbourne, is the highest for any year since 1029-30. Victorian motor registration figures for the first six mouths of this year show an increase in registration fees of £20,041 when compared with the record figures of the parallel period of the previous year.

STANDARDS INSTITUTION

Figures quoted in the report presented to the first annual meeting of the New Zealand Standards Institution at Wellington gave a glaring example of the need for standardisation. Three manufacturers making common axes were instanced as fuming out 34 types, four grades, 35 brands, 11. finishes, and 19 sizes; 6118 varieties being actually listed. Australian manufacturers, it was also > stated, had on their list over 550 varieties of wire-netting. Reductions in these numbers, it was pointed out, would naturally lead to economies in manufacturing and distribution costs.

£ S. d. Reserve Bank 6 9 6 Oxenbridge 0 0 9 SALES REPORTED. Bank of New Zealand (late Tuesday) ; 2 7 0 Woolworths (Sydney, late Tuesday) 3 8 6 National Insurance 0 19 91 Nevis Diesel 0 0 41

BANKING. Buyer. Seller. £ B. d. £ 8. d. Australasia 11 7 0 — New South Wales 31 0 0 — New Zealand 2 7 3 2 7 9 Commercial 0 15 9 — Commercial (pref.) 9 12 0 — E.S. and A. 5 3 6 — National of N.Z. .. — 3 15 0 Reserve .. .. 6 9 3 6 10 0 Union — 9 15 0 INSURANCE. National 0 19 8 0 19 11 New Zealand 3 2 0 3 2 9 Standard .. ,. 3 0 3 — SHIPPING. U.S.S. Co. (pref.) 1 6 9 — • COAL. Kaitangata .. .. 1 0 3 — Westport 0 18 9 0 10 2 Westport-Stockton (ord.) .. .. -— 0 3 0 LOAN AND AGENCY, . •- Goldsbrough, Mort 1 11 0 — National Mortgage — 3 1 0 National Mortgage (B issue) ., .. ' — 1 11 9 N.Z, Guarantee Corp. .. .. 0 4 5 — Wright, Stephenson (ord.) .. .. 0 18 9 Wright, Stephenson (pref.) .. .. 1 0 3 — MEAT PRESERVING. Canterbury Meat (pref.) .. .. 5 10 0 — N.Z. Refrigerating (paid) .. .. 0 IS 3 — N.Z. Refrigerating (cont.) .. .. 0 8 9 — South. Frozen Meat (paid) .. .. 3 11 0 _ Sooth. Frozen Meat (cont.) 1 15 0 — South. Frozen Meat (pref.) .. .. 3 11 0 — MISCELLANEOUS. Associated News .. 1 3 0 — British Tobacco .. I 16 9 — Broken Hill South : 1 ■.— • ■3 19 >0 Brown, Ewing I *• *• :: (pref.) .. i i Q , ‘TT. Bruce Woollen .. y (ord.) 0 11 9 — Bruce Woollen (pref.) .. 1 1 6 — D.I.C. (ord.) .. 0 15 0 D.I.C. (pref.) .. 1 4 6 1 5 3 Dominion Fertiliser, , . .. . 1 0 0 Dominion Fertiliser (debs.)’. 102'10 0 — Dominion Rubber — 1 9 3 Donaghy’s Rope .. 2 8 0 . Dunedin-Kaikorai Trams I 16 0 — Stock Exchange Propy. .. .. 2 0 0 — Dunlop Perdriau Rubber .. .. —7 \ 0 19 8 Electrolytic Zinc (ord.) .. .. I 7 0 — Kaiapoi Woollen '(ord.) . .... 0 13 6 — Kaiapoi Woollen (cont.) 0 4 3 0 4 9 Kaiapoi ’Woollen (pref.) 1 0 3 — Milburn Lime 1 14 0 — Mosgiel Woollen .. 10 10 0 — Mount Lyell 1 0 0 1 10 0 National Electric 0 8 9 N.Z. Drug Co. .. 3 17 6 N.Z. Newspapers 1 11 0 — N.Z. Paper Mills 1 11 6 — North Broken Hill — 4 19 0 Repent Theatre .. 0 17 0 0 19 0 Smith and Smith (pref.) .. 0 17 o.-. Wilsons Cement .. 1 10 0 1 11 0 Woolworths (Syd.) 3 9 3 — Woolworths (ord.) 7 0 0 — Sun Newspapers .. — 0 4 2 BREWERIES. N.Z. Breweries .. 2 7 3 2 8 0 Dunedin .. .. 1 6 6 — Tooths .. .. .. 2 4 6 — OIL. Moturoa .. .. — 0 3 9 MINING. Addisons .... 0 2 0 — Aotearoa — 0 0 9 Bell-Hooper .. .. — 0 0 5 Bell-Kilgoiir .. , .. 0 0 3i 0 0 a Bendigo -Goldlight 0 0 10 0 0 11 Blackwater v. .. 1 12 6 — ■ Central Shotover — 0 0 10 Gillespie's Beach 0 1 9 0 1 m Goldfields Dredging 0,1 1 0 1 n King Solomon ; 0 4 0 0 4 5 Mabakipawa 0 0 10 «— Moonlight-Nelson Creek . .. — 0 0 5 Nevis Diesel 0 0 4 0 0 41 Nokomni 0 3 2 0 3 6 Okarito .. 0 8 0 — Skippers .. .. . 0 0 8 Sandhills •• ,0 0 5 0 0 9 StalTord .. — • 0 1 41 Waitahu .. .. — 0 5 0 Wetherstones — 0 1 3 Worksop 0 1 6 — Deep Lead .. .. — 0 2 , 0 GOVERNMENT LOANS. p.e.' Stock, 19381043 107 10 0 — 31 p.c. Stock. 19391943 107 10 0 — 31 p.c. Stock, 19411943 107 10 0 ... 31 p.c. Stock, 19381952 107 10 0 — 31 p.c. Stock, 19391952 107 10 0 ■ 31 p.c. Stock, 19411952 .. .. .. 107 10 0 — 4 p.c. Bonds. Jannary 15, 1940 .. 106 10 0 — 4 p.e. Stock, January 15. 1940 .. 106 10 0 — 4 p.c. Bonds, Februarv 15, 1940 107 5 0 • 4 p.c. Stock, Februarv 15. 1946 .. 107 5 0 ' — ’ 4 p.e. Bonds, April 15, 1949 .. . . 108 0 0 — 4 p.c. Stock, April l5, 1949 .. 108 0 0 —* 4 p.c. Bonds, June .,15.1955 .. .. 110 0 0 — 4 p.c. Stock, June 15, 1955 .. .. no o 0 — ’ UNLISTED STOCKS. Dominion Life Assurance (Os paid) 0 3 6 —

Paris— Par. Aug. 27. Aug. 28. Francs to £ X Brussels— 124.21 75 27-32 75 23-32 Belgas to £ 1 Oslo— SO 21.30 21.29 Kroner to £ 1 Stockholm — IS. 180 19.005 19.005 Kronor to £ 1 Copenhagen— X8.130 19.39J 10.395 Kroner to fi X Berlin— 18.X50 22.805 22.395 Marks to £1 Montreal — 20.43 12.83 12.775 Dollars to £1 New York— 4.86 2-3 4.9X1 4.915 Dollars to £1 Yokohama— 4.86 2-3 5.05J 5.053 Pence to yen .. Hongkong— 24.582 141 14 9-32 Pence to dollar Bombay— 24.58 185 185 Ponce to rupee Batavia— — IS 1-16 18 1-16 Florins to £ I Milan— X2.X0 7.33 7.33 Lire to £1 .. Amsterdam— 82.46 58 9-32 58 J Guilder to £1 Prague— X2.I07 7.39 7.38 Kroner to £1 Geneva104 J 1205 1205 Francs to £ I Vienna— 23.224 15.325 15.315 Schillings to £ 1 Helsingfors— 81.805 203 26J Slacks to £ I Madrid103.23 226 9-32 2262 Pesetas to £ I Belgrade— 25.225 36 9-16 36 9-16 Dinars to £X Athens— 23.225 218 218 Drachma to £1 Lisbon— 375 517 520 Escudos to £ I Bucharest— 110 110% 110% Lei to £1 .. Rio de Janeiro— 931.6 495 498 Pence to mllrels Buenos Aires— 5.890 4i 4J Pence to pesos Shanghai— 47.28 365 365 Pence to tael Montevideo— — 16 11-16 16 11-16 Pence to pesos Warsaw— - 39 89J Zlotys to £ I — 26.62 26.63

Copper. spot .. Ton. £27 18 9 Fall £0 5 714 Copper, forward .. 28 0 3 Fall 0 6 7Vj Electroly lie, spot .. SI 0 0 Fall 0 5 0 Electrolytic, forward SI 15 0 No change Wire bars .. .. 31 15 0 No change Lead, spot .. 10 12 c Fall 0 1 3 Lead, forward 10 12 c Fall 0 2 G Spelter, spot 13 13 0 Fall 0 3 9 Spelter, forward .• 13 13 9 Fall 0 1 3 Tin, spot .. •• 227 3 9 Fall 1 0 0 Tin, forward 226 18 9 Fall 0 17 a l*lg iron, borne trade 3 7 6 No change Fig Iron, export 8 S 6 No change Antimony, British 44 10 0 No change Antimony, foreign 29 6 0 No change Molybdenite .. .. Unit I 10 0 No change Wolfram .. .. 1 10 r» No change Sliver, standard .. Oa. HI 9-16d 'No change SilTCf. fine .. .. 23 lid lilee 14d