COMMERCE AND FINANCE

Otago Daily Times, Issue 22721, 6 November 1935, Page 12

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS

FOREIGN EXCHANGES .' '] (British Official Wireless.) (United Press Association;) (By Electrlo Telegraph—Cooyrlght.)

ON NEW ZEALAND CURRENCY '"■ * „ „ BASIS The- Bach of- New South Wales,, Dunedin quoted' the' following rates for purchases ' and sales of foreign exchange yesterday:—.

NORTHERN EXCHANGES

AUCKLAND Sales on 'Change

WELLINGTON

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Bank of Australasias were inquired for at'the improved price of £ll'3s'on the Dunedin Stock Exchange yesterday, but sellers were not interested. ■. There was a better; market for P. and- 0. Deferred Stocks, buyers being prepared to give £1..1s 9d. Sellers, nowever,. would not accept less than £1 3s. Contributing New ZealandKefrigeratingsi met. with a slightly firmer inquiry, buyers' closing offer being 10s lid. Sellers remained firm >, at lis. Mortgage Corporations were inquired for at the 'slightly improved- price' of 5s 7d, but sellers did not come forward. Buyers of New Zealand Drugs -were' prepared to give £3 17s Cd, sellers refusing to accent less than £4. Staples Breweries wero in demand at £1 2s 9d, but sellers did not come forward. There was a slightly easier inquiry for Timaru Breweries at 8s 4d, cum dividends Ordinary Electrolytic Zincs showed a marked improvement, buyers' closing offer being £1 14s, which was Is 3d below .sellers' requirements. •. Business at £l;l4s 3d was .reported- V' ■■• ■■•. '■■ SALES REPORTED.

CHRISTCHUROH

Sales on 'Change Unlisted Stocks

PRICE OF FINE GOLD (United Press Association; (By Electric Telegraph—Copyright)

WHEAT MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON, November 4. Wheat: Cargoes are firmer. Parcels are in small request and are easier. Futures—London: February, 25 s 4d; April. 25s 2|d. Liverpool: December, Os 2d; March, 5s lOfd; May, 5s 9gd. . NEW GUINEA GOLD SHARES (United Press Association) (By Electric Telegraph—Copyright) ' LONDON, November 4. New Guinea Gold shares are quoted at 4s 9d. BRADFORD MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON. November 4. The Bradford market is quiet, but firm.

;. . .: KUGBT, November 4. ParisPar. Nov. 2. Nov. 4. Francs to SI 124.21 74 41-64 74"45-64 Brussels— Belgas to £1 80 29.181 i 29.14 Oslo— i '.-. -. Kroner to £1 18.180 19.90 i. 19.904 Stockholm— Kroner to £1 18.130 19.391 19.394 CopenhagenEl oner to. £1 ,1*150 •22 ' 22 Btrlin-i- ■■ y. ■ > \ Marks to £1 20.34 . '12.22; 12.24 Montreal — Dollars to £1 4.86 2 : 8 4.97 4.961. New York— Dollars to £1 4.86 2-3 4.91 13-16 4.C2 5-19 Yokohama— - '■• Pence to yen ,24.582. 'l4 3-32 14 3-32 HongkongFence to dollar 24.58 20 15-16 •181' • Bombay—; '• Pence to rupee —' ;' ' I8i V 181 Batavia—* • Florins to £1 12.10 ' 7.21}'; 7.211 Milan—. lAro to £1 82.46 : 6QJ '- 602 Amsterdam— ' Guilder to £1 12407 7.24.'-' - 7.25 ' Pi;ague~ Et'oner to £1 104} 118 13-16 119 Geneva ; — .'■' Francs, .to £1 25.221 15.121 15.14 Vienna— '■■■. Schillings to £1 84.86b 261 261 HelHngfors-r Marks- to £1 193.23 227 227 Madrid— , > Pesetas to £l 2522} 36 36 1-16 Belgrade— \ Dinars to £1 25.22J '215 215 Athens— Drachma to ■ £i'--. .',:■;.' 315 516 516 Lisbon— Kscudos to £1 no; ilOB lldi Bucharest— .. Lei to fil '.. »si.eV>": 625" 625 Bio de ;Janeiro-^ Pence to ; .' milrelS' v.-.' 5.890/ ■ : :M'^\-.-.41 J Buenos. Aires— '. /•. '■ <>••■ . Pence,to pesos. 47.22;\ 361 •.■36J Shanghai—;>. . ■%: -. Pence to tael —...' • ■■* 1 '/,15i'f;14 9rl.6 Montevideo— --. I Pence to pesos ■"»■ ■ ■ 39 11-18 3911-16 Warsaw— '•< ' <v Zlotya to £1 ~"?k%0:', ; 26.06 26.06 .

London— .' Buying. SelllnR. £1 N.Z, to £100 stg. ''•• .. T.T. 124 124/10/O.D. 123/10/124/8/9 Australia— £ A to £100 N.Z. T.T. 101 100/10/O.D. 101 ''•; 100/10/FIJI— £ P to £100 N.Z T.T. 90/7/6 ' 89 O.D. 90/7/6 i 89 New York— Dollars to £ N.Z. T.T. 3.988 3.941 O.D. 3.99 g 3.94J Montreal—. Dollars to £ N.Z. T.T. 4.02 3.981 O.D. 4.031 3.983 Prance— ".'. Franca to £ N.Z. T.T. 60.69 59.39 - O.D. 60.99 59.44 Noumea— Francs to £ N.Z. T.T. 61.64 58.64 O.D. 62.04 58.69 Papeeterr-/, Francs to £ N.Z. T.T. 61164 58.64 O.D. 62.04 58.69 Belgium— ' Belgas to £ NX T.T. — 23.103 O.D. — 23.118 Germany— .... Relchsmarks to £ ' N.Z. ■'• • .. i. T.T. ' — 9.622 O.D. —' 9.627 ItalyLire to £ N.Z T.T. —• 48.09 O.D. — 48.13 Switzerland— Francs to £ N.Z. T.T. 12.387 11.987 O.D. 12.462 11.997 Holland— . Florins to £ N.Z T.T. 5.958 5.708 O.D. 6.008 5.712 JavaFlorins to £ N.Z. T.T. 5.915 5.690 O.D. " 5.965 5.694 Japan— N.Z. Pence to 1 Ten .. .. T.T. ' — 17,11-18 O.D. * — 17 43-64 Shanghai— N.Z. Pence to 1 Dollar ■.'. .. T.T. IT 9-16 18% O.D. •-■ 17 T-16 18 13-16 India and Ceylon— N.Z. Pence to 1 . Rupee ... ; ,".-. T.T. 22g 22 23-32 O.D. 22} 22 21-32 Hongkong— ~'i> N.Z. Pence to 1 - Dollar • .. \i T.T. Nominal O.D. Singapore— N.Z. Pence to 1 Dollar .: .. T.T. 34g 35 5-16 O.D 341 351 SwedenKroner to £ N.Z. T.T. 15.790 15.460 O.D. 15.830 15.470 NorwayKroner to £ N.Z. T.T. 16.201 15.871 O.D. 16.241 15.881 Denmark— Kroner to £ N.Z. T.T. 18.208 17.878 O.D. 18.248 17.888 AustriaSchillings to £ N.Z. .. ... ' T.T. — 20.68 O.D. — 20.70 Czechoslovakia— Crowns to £ N.Z. T.T. — 95.01 .' _ O.D. — 95.06 all rates subject to alteration without notice DOLLAR RATES The Associated Banks (other than tin Bank of New South Wales) quoted the following, dollar rates yesterday on a New Zealand currency basis , They are subject to alteration without notice • U.S.A. (Jauadu (per£1 (per £1 N.Z.) N.Z.I Selling— ' dols doif•T,T. r .. .. .. . 3.94g 3.98| O.D. .'. . 3.945 3.98| liiivins: — O.D. . 3.99J 4.03J BEET SUGAR (United Press Association) i (By Electric Telegraph—Copyright) LONDON, November 4. Licht states that the 12 months' beet sugar production was 5,852,063 i ;ons. It is estimated that ; as the result, of the campaign in 1935-36 production, i including Russia, will amount to 8,237,500 1 tons. 1DEND MORRIS HEDSTROM DIV! A Wellington message states that Morris Hedstrom have declared an interim dividend of 2$ per cent., payable on ordinary shares on December 31.

£ s . d. N.Zv Refrigerating (cont.;] ate ■Monday) ,,''.'.', . 0 11 0 Westport'Coal .'. ':.; ... .. 1 2 6 Electrolytic Zinc (ord.) .".; 1 14 o Mount Morgan Developments 0 - 2 8 Okarito .-. ...o ' 5 0 The following are yesterday afternoon's buying and selling quotations, which are subject to the usual brokerage: —■ ..BANKING, Buye: r. Sellei '■ f s. d. .. £ a. d. AuBtralasia 11 3 0 — N.S.W. .. .. ■ — +t33 0 0 N.Z. .. .. /. 2 10 ■6.... .—• N.Z. (Long D) .. 1 ;.. — 1 14 0 Commercial ■..'.. /» ■''.■'— 0. 10 6 Natl, of N.Z. ... >11 6.' 3 "13 6 — 9 10 0 ■ V ; , INSURANCE. Standard •'•*?.'. .. 3 6 0 » ■. — ; ;. SHIPPING. Huddart, Parker (pref.) .. .. ; r. 7 6 — P. and 0. Def. Stock. ' .. .. l i 9 1 3 0 U.S.S. Co. (pref.) 1 7 4 — MEAT PRESERVING N.Z. Refrig. (paid) .. .. 1 2 0 — N.Z. Refrig. (cont.) 0 10 11 0 11 0 South Otago Freez7 0 0 — LOAN AND AGENCY Dalgety and Co. . ' — 8 2 6 Mortgage Corpora0 5 7 -— Natnl. Mortgage .. — 3 14 6 Natnl. Mortgage (B issue) 1 12 3 — Trustees, Executors 3 3 0 — COAL. Kaitangata .. ..,. 1 1 0 — Westport-Stockton (ord.) .. • .. 0: 1; 0 — Westport-Stockton (pref.) ' '..'■'■' -..' '■'■' — 0 4 0 MISCELLANEOUS. / Broken Hill Propy. 2 16 0 — Broken Hill Propy. (new issue) 1 6 0 1 7 0 Brown, Ewing (ord.) .... 0 14 6 — Dominion Fertiliser •1 3 0 — Dunedin-Kaikorai Trams 1 18 0 — Stock Exchange Propy. . -. .. 1 17 0 2 0 0 Dunlop.Perd. Rubber .*. •'• 0 16 4 0 16 10 Milburu Lime .. 2 4' 0 2 4 9 N.Z. Drug Co. .. 3 17 6 4 0 0 N.Z. Newspapers .. 2 0 3 — N.Z. Paper Mills — r 1 9 3 Wilsons Cement .. 2 i 6 —. Wool worth's' (Sydney) .. .... 5 11 0 — WOOLLEN COMPANIES. Bruce (ord.) '] — 0 15 0 Bruce (pref.) •.-.'" — 1 2 6 Kaiapoi (ord.) 0 13 6 0 14 6 Kaiapoi (pref.) .. — - 0 19 0 Mosgiel —. ttlO 10 0 BREWERIES N.Z. Breweries .. 2 12 0 2 12 6 1 12 9 — tfO 8 4 — AUSTRALIAN MINING. Electro. Zine (ord.) .. .. 1 14 0 1 15 3 Mount Lyell 0 19 8 1 0 6 Mount Morgan 1 17 0 •— Upper Watut 0 7 0 — 0 2 6 0 3 0 MINING. Bendigo Goldlight , .. - ■ 0 0 51 Big River 0 1 10J 0 2 0 Brian Boru — 0 0 4 Central Shotover .. — 0 0 2 Gillespie's Beach .. 0 1 0 0 1 2i Goldfiekls Dredging 0 0 2 0 0 4 Mount David — 0 1 6 Nevis Die6el — 0 0 U Nokomai 0 1 2 — Okarito 0 4 6 0 5 6 Oxenbridge .. .. — 0 0 3 Paddy's Point ■— 0 2 6 Sandhills ■ — 0 0 6 Skippers — 0 0 3 Waipapa Beach .. 0 1 6 0 1 10 Waitahu .. 0 2 11 — GOVERNMENT LOANS. 3J p.c. Stock, Nov., 1938-52 .. .. 104 5 0 — 31 p.c. Stock, May, 1939-52 .. 104 5 0 — 4 p.c. Stock, 1937101*10 0 — 4 Bonds, 1943104 10 0 — 4 p.c. Stock, 1943104 10 0 — 4 p.c. Bonds, 194649 105 0 0 — 4 p.c. Stock, 1946105 0 0 106 0 0 4 p.c. Bonds, 1952108 0 0 — 4'p.c. Stock, 1952108 0 0 — tt Cum dividend.

£ s. d. Bank New South Wales .. 33 0 0 2 10 9 2 10 10 6 3 6 3 2 6 4 8 4 S 0 3 8 1 9 Guarantee Corporation .. 0 5 0 United Building (Auckland) 1 0 6 2 12 3 0 19 0 2 18 0 0 7 3 Ditto (B pref.) 0 14 o 0 19 3 3 17 6 Peters Ice Cream (N.Z.) .. 1 5 3 0 2 3 0 17 0 4 19 0 Unlisted Stocks 0 12 6 Woolworths (Sydney) .. .. 5 11 6 5 11 9 5 12 0

Sales on Change 6 3 0 Mortgage Corporation (late 0 5 8 2 12 4 Mark Foy (3) 1 1 9 0 18 0 0 16 Q 1 8 8 Mount Lyell (odd lot) jm; hi 1 0 0

Woolworths (Sydney, ord.) 5 11 9 Listed Stocks N.Z. Guarantee' Corporation . 0 5 2 2 12 1 2 12 4 2 12 7 2 12 8 Dunlop Perdriau Rubber (2) 0 16 7 Electrolytic Zinc (ord., 2) .. 1 14 1 14 0 3 3 4 9 Hays Ltd. (15s paid) .. ■• 0 16 0 3 17 6 0 1 11 0 0 U Mount Lyell (2) 1 0 2 (3) 1 0 3 1 0 2 1 17 3 0 8 4 (3) 0 8 5 Sales Reported Listed Stocks 0 8 i 1 0 0 1 0 1 Goldfields Dredging (3) 0 0 3 0 0 4 N.Z. Refrigerating (10s paid, 2) 0 11 0 National Bank of N.Z. .... 3 12 0 Southland Frozen Meat ..... 3 19 6

LONDON, November 4 £ s. d. November 4 .. . ...715 November 2 .. . . .. 7 1 5J October 31 . .. 7 1 5 October 30 ..... . .. 7 1 4 October 29 . .*'.. 7 1 4J October 28 . .. 7 1 6 October 26 .. ... . .. 7 1 ,6 October 24 . .. 7 1 3J