DUNEDIN MARKETS

Otago Daily Times, Issue 22392, 13 October 1934, Page 8

DUNEDIN MARKETS

WHEAT, OATS, ETC. The wheat market continues quiet. There is little business passing in lines of milling quality, and the same position applies to fowlwheat. The quantity of fowlwheat held in the stoves is on the small side, but most merchants have sufficient stocks to meet their requirements for the next few months. The wholesale value of fowlwheat is unchanged at 3s 9d per bushel, sacks extra; ex store, and for small lines 4s per.bushel is obtainable. The sowing of wheat in the Otago district is still being carried on where the ground is in suitable condition. The recent broken weather will, however, have the effect of considerably reducing the area of wheat to be harvested this coming season. Millers' prices for flour, etc., are as follows: — Flour: 2001 b, £l3 2s; 10's, £l3 17s; 50's, £l4 2s; 25's, £l4 7s. Bran, £5 per ton. Pollard, £6 per ton. Oatmeal: 2001 b, £l9; 25's, £2l. The oat market remains lifeless. No further export business has eventuated, and, on the other hand, only small orders are being received from the. North Island. Quotations vary, with A Gartons quoted at from 2s 7d to 2s 8d per bushel, f.0.b., s.i., and B grade at 3d per bushel less. Some farmers are still holding oats, and for these high prices are being asked. Merchants are not keen to operate on the present values in the country, namely, Is lOd for A's and Is Gd for B's. Millers were buying heavy grade lines at up to 2s per bushel, but they have now rilled their requirements and are off the market. Business in the chaff market is mostly confined to sales ex the stores, where there are ample stocks. Quotations show no change. Prime quality is worth £3 15s per ton, sacks extra, ex the truck, and lots ex the store arc selling at £4 5s per ton. Medium and poor quality is difficult to place. The only interest shown in the potato market at the present time is connected with the very high prices ruling in Sydney. There is, however, an embargo on the export of New Zealand potatoes to Australia, arid in view of the heavy supplies held in Canterbury an attempt is being made there to have the embargo lifted. The prospects of this being done are, however, not very bright. Prices rule low throughout New Zealand. Reports from Auckland go to show that consignments are being placed there as low as £1 12? Gd per ton, f.0.b., s.i., southern ports, although the general quotation for this delivery is £1 17s Gd. With the weather becoming wanner in the North Island the supplies of new potatoes are showing a marked increase. So far as the Dunedin market is concerned there is practically no alteration in pi ices. Freshly-picked lines are worth £2 10s per ton, sacks included, and in some instances lower prices are being accepted in order to make sales. Wholesale seed merchants are experiencing a very quiet time. No further export business has been recorded, and merchants are not now prepared to buy until they can reduce the stocks of seeds they are already holding. In the meantime there is no quotable change in values. Some of the lines which have been in short supply, such as cocksfoot, brown top, and fescue, remain steady at the high prices that have been ruling lately. Wholesale produce prices are as fol-1 lows:— Chaff: Good, bright oaten sheaf, to £4 5s per ton, ex store. Potatoes, to £2 10s per ton, ex store. Dairy butter: Milled bulk, 6d to 6Jd per lb; separator, Gd to BJ<l. Bacon, lid. Ham* Ordinary, lljd; boneless, 1b OJd per lb. Onions: Canadian, 21s per cental bag. Eggs, lOd per dozen. The dairy butter market is very weak. Eggs are plentiful with low prices ruling. FRUIT REPORT. Choice quality Delicious and Stunner apples have a good inquiry. Fair-sized quantities of these varieties of apples are arriving from Nelson. Large cooking sorts have a better demand. New Zealand-grown lemons are in over supply. Califonian-grown are in good supply. A shipment of Californian grapes arrived on Thursday ex the Wingatui. These were transhipped at Auckland. Low prices are ruling for these grapes, when the distance they have to be conveyed and the transport charges are considered. A shipment of Island tomatoes is expected next week. These will be transhipped at Wellington on Monday, ex the mail steamer. A shipment of Rarotonga bananas will also be on this vessel. Small quantities of pears are arriving from the Nelson cool stores. Supplies of cauliflowers have not been so plentiful, and there was a little improvement in the market at the end of the week. The demand, however, is confined chiefly to first grade lines. Spring cabbage are in good supply with low prices ruling. Choice quality lettuce have a keen demaud. Other vegetables are plentiful, with prices on the low side. Wholesale prices are as follows: Apples: Stunners, 4s 6d to 7s per ease; Delicious, extra choice, 7s to 8s; others; 3s 6d to ss; cookers, 4s to 5s 6d; inferior dessert and cookers, 2s 6d to 3s 6d per case. Pears: Winter Cole and Winter Nelis, 8s to 10s 6d per bushel case. Bananas: Ripe, 20s to 24s per case. Tomatoes: Hothouse, Is 6d to Is 10-.1 per lb. Lemons: New Zealand-grown, 8s to 12s 6d per case; Californian, to 60s. Grapes: Red, to 22s 6d per case. Poorman oranges, 4s to 5s per case. Cauliflowers: Choice, to 3s per sack of 18; others, Is. Swedes, 9d to Is per sugar bag. Carrots, 2s to 2s 3d per sugar bag. Parsnips, Is Gd to 2s per sugar bag. Spring cabbages, to 2s Gd per case of two dozen; savoys, 2s to 3s per sack. Asparagus, 8s to 10s 6d ■ per dozen bunches. Rhubarb. Is to Is Gd per dozen bundles; loose, to Id per lb. Lettuce: Choice, to 3s Gd per dozen; others, Is to 2s. Leeks, 2d to 3d per bundle. Potatoes, 3s to 3s Od per cwt. AMERICAN WHEAT PROSPECTS (United Press Association.) (By Electric Telegraph—Copyright.) WASHINTON, October 11. Officials of the United States Farm Administration announced to-day that no plans were being made for exporting wheat this year in view of the short crop forecast, of 496,000,000 bushels. The officials declared that the totai supply of wheat in the United States at the close of the present harvest will be 786,000,000 bushels, including 290,000,000 carry-over from 1933. About 625,000,000 bushels are required for domestic consumption, and a carry-over into the 193536 crop year of 125,000,000 bushels is planned, leaving a 3,600,000-bushel surplus. The officials estimated that this will probably be reduced by increased feeding of live stock due to a shortage of other feeds. CHICAGO WHEAT MARKET (United Press Association.) (By Electric Telegraph—Copyright.) CHICAGO, October 11. (Received Oct. 12, at 5.5 p.m.) Wheat: December, 102£ cents per bushel; May, July, 98J. NEW GUINEA GOLD SHARES (United Press Association.) (By Electric Telegraph—Copyright.) LONDON", October 11. New Guinea Gold shares are quoted at 5s 7d. P. AND O. SHARES (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, October 11. P. and O. Shares are quoted at 17s 9d. LANCASHIRE COUNTY LOAN (British Official Wireless.) RUGBY, October 11. (Received Oct. 12, at 5.5 p.m.) Underwriting is taking place for the issue by the Lancashire Countv Council of a loan of £2.230,000 at 3 per cent, stock, the issue beincr £97 10s and the redemption date 1954-64.

MOUNT LYELL (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, October 11. Mount Lyell shares are quoted at 15s. PRICE OF FINE GOLD (United Press Association.) (By Electric felegraph —Copyright.) LONDON, October 11. Fine gold is quoted at £7 3s 3d per ounce. BUTER AND CHEESE (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, October 11. Butter: Slow. Danish, 107 s; choicest salted—New Zealand, G6s to 675; Australian, the same; unsalted—'New Zealand, 78s to 80s; Australian, 72s to 745. Cheese: Quiet. New Zealand white, 48s; coloured, 48s Gd; Australian, 47s to 47s Gd. MELBOURNE MARKETS (United Press Association.) (By Electric Telegraph—Copyright.) MELBOURNE, October* 12. Wheat, 3s Id. Flour, £7 17s Gd. Bran, £5. Pollard, £5 ss. Oats, 2s 4d to 2s sd. Barley: English, 2s lOd to 3s Id. Maize, 3 S Gd to 3s 7d. Onions, £7 to £7 2s Gd. Potatoes: Red Soils, £l4 to £l4 10s; Grey Soils, £l2 10s to £l3 10s. BRADFORD MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, October 11. z Bradford quotations are maintained. Business is qftiet, as users' requirements are covered. Quotations: Seventies, 27Jd; sixty-fours. 26d; sixties, 24d; fifty-sixes, 19jd; fifties, 14d; forty-sixes, lid; forties, 9Jd. ______ NEW COMPANIES' ACT On April 1 the New Companies Act came into force. This will help to protect the investor from exploitation, but it is not sufficient to protect investors from themselves. The best protection for the investor desiring maximum safety with good returns is in the New Zealand Investment Trust. Ltd.—the only type of British Trust in the Southern Hemisphere. For complete information write to the New Zealand Investment Trust. Ltd., D.I.C. Buildings, Wellington (P.O. Box 1616). Branches: Christchurch, Dunedin, Invercargill. and Auckland. Chief Brokers: The Securities Corporation (N.Z.), Ltd., Dunedin—Advt. V BALCLUTHA STOCK SALE (From Our Own Correspondent.) BALCLUTHA, October 12. The fortnightly sale to-day was a good one, and sheep values showed no sign ot going back. Fat sheep to the number of 533 were yarded, and the number of store sheen forward was smaller than usual. Fat wethers sold at 28s Gd to 32s 9d for best quality; others, 23s 3d to 275; fat ewes madje 21s to 24s Gd for best: old ewes, 13s 3d. Store Sheep.—Mixed-sex hoggets, 13s to 17s Gd; ewes and lambs, 7s 4d to lis lOd (all counted); wethers, 19s 9d. Cattle.—A good yarding, principally of stores. Fat bullocks sold at £7 to £8: store bullocks, £6. 10s: small bullocks £3 15s; store cows, £2 10s: three-year-old bullocks, £3; dry cows, £2 14s to £3 Is; twoyear heifers, £2 19s. Dairv cows averaged for best crossbred cows about £3 10s; purebred Stud Book Jersevs were not in demand, and the best price'at auction was Signs; others sold at 3gns to 4gns. Pigs.—The penning was a good one, and competition for young pigs was very keen. Suckers sold at 12s Gd to 18s; slips, 15s to 20s; store pigs, 22s to 235; a few wellbred sows that had been running out sold at 22s and boars at 25s to 30s. DAIRY PRODUCE Messrs A. S. Paterson and Co., Ltd., are in deceipt of the following advice from London: — . Butter: Market inactive; tendency downwards. New Zealand, 64s to 60s; Australian, 65s to 675; Danish, 86s Landed - cost, 107 s. Cheese: Market steady. White cheese, 48s; coloured, 48s 6d. Messrs Dalgety and Co., Ltd., advise having received the following cablegram from London:—The butter market is depressed. The cheese market is quiet. Danish butter, 107 s to 108 s; New Zealand finest butter, 64s to 675. Australian finest unsalted butter, 68s to 70s:< Australian finest salted butter, 64s to 675; Australian g.a.q. butter, 62s to 635; Australian cheese —white not quoted, coloured not quoted; New Zealand cheese — white 48s, coloured 48s 6d; Canadian cheese—white 50s to 51s, coloured 50s to 525: c.i-f., not quoted. .' The National Mortgage and Agency Company, Ltd., is in receipt of the following cablegram from London: — Butter: Market weak; New Zealand finest, 67s to 68s; New Zealand first, 64s to 655; New Zealand unsalted, 79s to 80s; Danish. 104 s to 106 s, 86s to 88s. f.0.b.; Australian, 66s to 675. ' Cheese: Market steady. New Zealand, white, 48s to 48s Gd; New Zealand, coloured, 48s 6d to 495; Canadian, c.i.f., 495. HIDE SALE Messrs Waters, Ritchie, and Co., Ltd., report as follows:—We offered a large catalogue this month, our totals being 1923 hides, 291 yearlings, and 1926 calfskins. Tanners and exporters were in full attendance, and competition was fairly animated. Cows, which have been in slack request for some time, met with a much better demand at prices which showed an advance of from Id to fd per lb. Ox also attracted better competition, and values were from id to -id up to an occasional 3d higher. Yearlings remained firm. Calfskins in some instances were a shade lower, more particularly for light weights. Follo%ving are some of our best prices: Ox: 5,671 b. 7?d: 1,80 lb. 7|d; 18 64-751 b, 7£d; 23, 641 b. 7id; 16 74-761 b, 7id; 33 62-641 b, 7d; 31. 75-781 b. 7d; 32, 641 b, OM; 44 62-651 b. 6|d; 26, 731 b, 6Jd; 7,651 b, 6|d: 7. 77-831 b, 6gd; 98, 73-771 b, 6kl: IG9, G3-Gslb, 6id; 68 56-571 b, 6jd; 13, 561 b, 6id; 23. 55-571 b, 6:}d: 20, 75-84 lb, 6d: 13, 501 b, s|d; 51 55-561 b, 5Jd; 30, 501 b, sgd; 33, 50-641 b, 5Jd; 12, 491 b, s£d; 10, 40-411 b, 4Jd; 45, 49-581 b, 4id; 16, 411 b. 4id; 18 39-501 b, 4&d; 9,381 b, 4d. Cows: 2,601 b, Sid; 72, 54!b, 5Jd; 67, 53-541 b, sd: 74. 44-541 b. 4Jd; 161, 45-461 b, 43d; 15. 571 b. 4Jd; 38. 361 b, 4gd; 27, 361 b, 4id; 92, 45-541 b, 4£d; 81, 36-441 b, 4Jd; 04, 301 b, 4d. Yoarlihgs: Light, sid to 6|d; heavies, 4d to 4id. ~ , Calfskins: Firsts, 7|d to Sd; light, 5Jd to 6jd. HORSE SALE Messrs Wright, Stephenson, and Co., Ltd., held a successful horse sale in their Dunedin sale yards on Friday, October 12, when a catalogue of 60 horses was offered. The entry forward was not up to tlie standard of recent sales, there 'being only a sprinkling of good draughts and a bigger percentage of spring-carters and light horses. There was a particularly keen demand for all youug draughts suitable to go into immediate work. Fiftyfive pounds ten shillings was obtained for a good-quality seven-year-old drauctht gelding. A six-year-old draught gelding realised £45 10s, and a nine-year-old Clydesdale mare with Stud Book qualifications was disposed of for £45. Other draughts forward sold from £2O to £42, according to age and quality. In the offering of spring-carters, the keenest competition was confined to young sorts. A five-year-old gelding changed hands at £3O. Others sold from £ls to £2B 10s. Hacks sold at from £7 to £l4 10s. and a number of aged and stale sorts were difficult to dispose of even at prices under this quotation. i

LONDON STOCK EXCHANGE LONDON. October 11. Tho following are the latest Quotations of Government securities compared with the prices ruling last week: — Last week. This week.

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

ON NEW ZEALAND CURRENCY BASIS Tho Bank of New South Wales. Dunedin. quoted the following rates for purchases and sales of foreign exchange yesterday:—

T.T. represents Telegraphic Transfers. O.D. represents On Demand transactions. The above rates are subject to alteration without notice. DOLLAR AND FRANC (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, October 11. Exchange on New York is quoted at 4.89 dollars to the f, and on Paris at 73$ francs to the f. BEET SUGAR V (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, October 11. Beet Sugar.—November, 4s 4fd. CANTERBURY MARKETS (I'EB United Peers Association.) CHRISTCHURCH, October 12. The week has been an exceptionally quiet one. The hope that the famine prices for potatoes in "Sydney would assist in the lifting of the embargo intrigued the trade for a day or two, but it has proved a vain hope. In the meantime the market is lifeless. Auckland reports arc that southern potatoes will Tie required for some time yet, but plenty are arriving on consignment. New potatoes in the north are still at a fairly high price. Prices locally are unaltered. Fowl feed remains firm at 3s 9d per bushel, f.0.b., s.e. Oats are unchanged, with very little business doing. There is no movement to record in the small seeds market. Retail orders lor spring sowing have practically ceased, and there is no overseas inquiry. Stocks carried over will not be large enough to vrorry merchants, as in most classes of seeds the boards will be practically bare. COMPANY REGISTERED The Mercantile Gazette records the registration of the following company:— Morris Lindsay, Ltd. Registered as a. private company, October S. Office: Albert Town. Central Otago. Capital: £6OO into 600 shares of £1 each. Subscribers: Albert Town. Wanaka—L. R. Morris 400; Pembroke—A. H. Elmslio 200. Objects: Farmers and incidental.

RENOWN COLLIERIES Resolutions providing for a reduction in shave capital from £150,000 to £102,000 were approved at an extraordinary general meeting of shareholders of Renown Collieries. Ordinary share capital will be reduced from £120,000 to £72,000 by writing down shares from £1 to 12s each. Preference share capital will remain unchanged at £30,000 in shares of 2s ud each. Preference shareholders have agreed to arrears of dividend being cancelled and to cumulative dividend being reduced by 1 per cent, to 7 per centt. SILK FROM FLAX Experimental machinery for the treating of flax pulp for the manufacture of artificial silk and rayon is being set up at Winchester. The new machinery (says the Temuka correspondent of the Christchurch Press) is being erected in. Messrs Maddren Brothers' tormer rlaxmill, which has been closed for the last three years, and 'arrangements have been made "for the employment of about 10 men. Investigations have been proceeding for some time aloug the lines of mechanical and chemical research, and now the investigations are to be advanced a step further with the production .of pulp in larger quantities. The new machine is to produce the pulp from New Zealand flax, and from pulp, celluose is made. This, in combination with other pulps after being machined, produces the silk and rayon. , . . , t Mr R Maddren, who is in charge or the new venture at Winchester, stated that if the investigations are successful it will open up great possibilities for the development of additional secondary industries. With the ready supply of pulp the establishment of factories for the production of the finished article, would be a much easier task. DAVID JONES, LTD. David Jones, Ltd. (Sydney), for the year ended July 31 shows a profit of £109.163, an increase of £15,769. Dividend on ordinary shares is 10 per cent., at the same rate per annum as the final distribution for the previous year, compared with 8 per cent, for the whole of 1932-33. Ordinary dividend requires £OO,OOO, 0 per cent, first preference £9OOO, and 7 A per cent, second preference £18.750. A sum of £25,000 is transferred to general reserve, making it £350,000. With £74.428 brought forward, there is carried forward £70,841.

NEW SEASON'S DATES \.\\ A new development in regard to tbm shipment of dates to New Zealand ia the •step taken bv a group of Auckland merchants (states the New Zealand Herald) to secure a limited con-. signment of new season's dates bymail steamer, via Bombay and Australia. This will result in a considerable saving of time, and the new fruit is expected to reach Auckland about the end of this month. The landed cost will be about 2s to 3s per cwt higher than the opening rates for direct shipment from Basra to Australia, but, as supplies by the latter shipment are not expected to reach Auckland until just prior to Christmas, and the spot market already is almost bare of supplies, a ready sale is expected for the earlier arrivals. DAIRY EXPORTS AUSTRALIAN INTENTIONS. , The Australian Dairy Produce Export Board has considered the regulation dealing with f.o.b. and c.i.f. sales, with a view of allowing shippers to the outports of Great Britain an extension of time between the date of sale and the time butter must be placed in cold store at port of shipment. Particulars of the new regulation controlling f.o.b. sales adopted by the New Zealand Dairy Produce Board, which came into operation on August 1 last, were submitted and discussed, and will be agaia considered at a later meeting, when further details are received from the New Zealand Board. The board decided that, in order to takm full advantage of the growing demand for Australian butter from the British outports, arrangements be made with' overseas shipping companies for a regular steamer service to those porta. ■: With the view of developing this trade, the board decided to appoint an organiser for 12 months, whose duty it will be to arrange for refrigerator freight space in the various steamers, and also arrange with butter and cheese exporters for quantities to be shipped by each steamer. The board unanimously agreed that the manufacture of low-grade butter in Australia was detrimental to the dairying industry of Australia, and it was decided t« confer with representatives'of the Commonwealth Equalisation Committee and Australian Dairy Council as to the best method of disposing of that class_ of butter, so as to prevent it from being sold over the counter, either in Australia or Great Britain, as best Australian butter

£ s, d, £ I. a. 81 12 0 8117 6 Funding Loan. 4 p.c. 1969-90 114 17 6 115 0 0 Assented War Loan .. .. 105 10 0 105 12 6 Conversion Loan, 3% P.O. .. 104 15 0 104 15 0 Victory Bonds, 4 p.o. (ex dlr.) 112 13 9 112 7 6 C'wealth, 8 p.e.i 1945-75 .. 111 16 3 111 G 3 C'wealth. 5 p.c. 1935-45 .. 103 0 0 103 2 6 C'wealth, 4 p.c. 1945-48 .. 103 10 0 104 0 0 C'wealth. 3% p.c. 1948-53 .. 102 17 G 103 2 6 C'wealth, S% p.c. 1936-37 .. 102 0 0 102 0 0 N.8.W., 3 p.c. 1935 .. .. 101 2 0 101 3 9 N.S.W., 3'/4 P.O.. 1930-50 .. 09 17 G 100 0 0 N.S.W.. V& p.c, 1935-45 .. 102 0 0 102 3 9 N.S.W., 5 p.c, 1035-55 .. 102 1 3 102 5 0 Victoria. 3 p.c, 1929-49 .. 95 11 3 90 1 3 Victoria, 4% p.c, 1940-CO .. 10G 0 0 10G 3 9 Victoria. 5 p.c, 1945-75 .. 111 1 3 in 3 0 Queensland. 3 p.c. 1922-47 .. 95 16 3 90 3 9 Queensland. 5 p.c, 1940-CO.. 10G IS 9 10G 17 0 S.A.. 3 p.c. 1910 (opt.) .. S5 0 0 84 15 0 S.A.. 6 p.c. 1945-75 .. .. 111 6 3 111 2 0 W.A., 3 p.c. 1915-S5 .. .. 100 7 G 100 8 9 W.A.. 4 p.c, 1942-02 .. .. 103. 2 6 103 7 6 Tasmania, 356 p.c, 1920-40 .. 101 8 9 101 17 G Tasmania. 4 p.c. 1040-50 .. 103 0 0 103 6 3 New Zealand. i'A p.c. 1048-58 100 1 3 109 12 6 New Zealand, ZVa p.c. 1940 102 13 9 102 16 8 New Zealand. 3 p.c, 1945 .. 99 11 3 99 6 3 New Zealand. G p.c. 1930-51 100 15 0 106 16 3

RUGBY, October 11. Paris— Par. Oct. 10. Oct. 11. Francs to £1 124.21 74 1-32 73 27-32 Brussels — Belgas to £ 1 30 20.90 20.86 OsloKroner to £ 1 18.180 19.90$ 19.901 Stockholm — Kroner to £ 1 18.130 19.391 19.391 Copenhagen— Kroner to £ 1 18.150 22.40 22.40 BerlinMarks to £1 20.43 12.14 12.11 MontrealDollars to £1 4.8G2-3 4.801 4.811 New York— Dollars to £1 4.86 2-3 4.998 4.901 Yokohama — Pence to yen .. 24.582 14 1-16 14 1-32 Hongkong— Pence to dollar 24.58 191 191 Bombay— Pence to rupee 18 1-16 18 1-16 Batavia — Florins to £1 12.10 7.18 . 7.18 MilanLire to £1 .. 82.46 57 56 27-32 Amsterdam — Guilder to £1 12.107 7.201 7.181 Prague— Kroner to £1 104} 117 1163 GenevaFrancs to £1 25.22* 14.961 14.931 Vienna— Schillings to £1 84.8CJ 26} 26} Helsingfors— Marks to £1 193.23 2261 2261 MadridPesetas to £1 25.224 351 85 9-16 BelgradeDinars to £1 25.22} 215 213 Athens — Drachma to £1 375 510 510 Lisbon — _* Escudos to £1 110 1101 110} Bucharest — Lei to £1 .. 931.6 400 488 Rio do JaneiroPence to mllreis 5.890 41 41 Buenos Aires— Pence to pesos 47.28 361 361 ShanghaiPence to tael-.. — 17! 181 Montevideo — Pence to pesos — 39 15-16 40 Warsaw— Zlotys to £1 — — ""■

Buying. ! Selling. London — £N.Z. to £100stg T.T. O.D. 124 1235 1241 1248 Australia— £A to £100 N.Z. T.T. O.D. 101 1001 'fiF to £100 N.Z. T.T. O.D. 904 ssg New YorkDollars to £1 N.Z. T.T. O.D. - ■ MontrealDollars to £ 1 N.Z. T.T. O.D. - - Prance— • Francs to £1 N.Z. T.T. 60.16 O.D. 60.46 58.80 58.91 Noumea — Francs to £1 N.Z T.T 61.11 O.D. 61.51 58.11 58.16 Papeete— Francs, to £1 N.Z. T.T 61.11 O.D 61.51 58.11 58.16 Belgium— Belgas to £1 N.Z. T.T. O.D. 17.147 17.247 16.447 16.4G2 Germany— Relchsmartss to £1 N.Z T.T. O.D. - 9.521 9.526 ■ ItalyLire to £1 N.Z. T.T. O.D. - 45.02 45.06 SwitzerlandFrancs to £1 N.Z. T.T. O.D. 12.248 12.323 11.848 11.838 HollandFlorins to £1 N.Z T.T. O.D. 5.913 5.963 5.663 5.667 Java — Florins to £1 N.Z T.T. O.D. 5.S63 5.913 5.638 5.642 Japan— N.Z. Pence to 1 T.T. O.D. - 17 11-16 Shanghai— N.Z. pence to 1 dollar .. T.T. O.D. 22 13-32 22 9-32 23 23-32 23 21-32 India and Ceylon— N.Z. pence to 1 rupee .. .. T.T. O.D. 22 9-32 22 5-32 22J 22 9-16 Hongkong— N.Z. penco to 1 dollar .. .. T.T. O.D. 25 1-16 24 15-16 201 20 1-16 Singapore— N.Z. pence to 1 dollar .. .. T.T. O.D. 34 13-32 34 9-32 35 11-32 35 9-32