COMMERCE AND FINANCE

Otago Daily Times, Issue 22751, 11 December 1935, Page 14

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS

FOREIGN EXCHANGES (British Official Wlrelesa.) (United Presa Association.) (3y Electric Telegraph—Copyright.)

DOLLAR RATES The Associated Banks (other than the 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. Canada. -.•(-•-' (peril (per £l N.Z.) N.Z.) Selline— ■-'•'■ ■ - dols. dols. TT .. .. •• 3-94 S 3.99 J O'.D. ~ .. .. •• 3.95 f 3.992 B! (S g ~ ~../...: 4.00 4.04| NEW GUINEA GOLD SHARES (United Press Association) (By BlEctrlc Telegraph—Copyright) LONDON, December 9. New Guinea Gold shares are quoted at 4s Bd. :_________ AUSTRALIAN INTERNAL LOAN (United Press Association) ." : (By Electric Telegraph—Copyright) LONDON, December 9. The Daily Telegraph's City editor says the result of the Australian loan is a timely demonstration of confidence and a favourable prelude to the forthcoming London conversions.

THE SHARE MARKET DUNEDIN STOCK EXCHANGE No business was transacted in the Dunedin Stock Exchange yesterday, although several sales were reported. The paid-up issue of New Zealand Refrigerating was on offer at f 1 2s 6d, but buyerg would not quote better than Is below this price. Bank of New Zealands were slightly easier, and at the close of the market sellers were quoting £2 8s 6d, the best buying offer being £2 7s 9d. Broken Hill proprietaries showed an inclination to firm, and met with an inquiry at £2 17s. Sellers, however would not do .business under £2 18s. New Zealand Government Loang were steady, and although no business was transacted on call, several sales were reported. SALES REPORTED.

NORTHERN EXCHANGES AUCKLAND Sales on 'Change £ s. d.

WELLINGTON Sales on 'Change

Unlisted Stocks Argo Gold Dredging (3) .. 0 1 3J SHEEPSKIN SALE REPORT The Dunedin Stock Agents (the Otago Farmers' Co-operative Association of New Zealand, Ltd., Dalgety and Co., Ltd, Donald Reid and Co Ltd Wright Stephenson, and Co. Ltd., Nationa Mortgage and Agency Company, Ltd., Stronacn, Morris, and Co., Ltd., and New Zealand Loan and Mercantile Agency Company, Ltd.) report as follows: There was a full hench of buyers at yesterday's' sale, when competition was keen, but at reduced limits. As compared with last sale, prices showed a drop o* id to |d per lb. . • The following is the range of prices.— Second pelts to SAd, first pelts to 42d, crossbred quarter-wool to 5Jd, crossbred half-wool to Old, crossbred full-wool to Sid f crossbred quarter-wool to Sifd, fine crossbred half-wool to 7d, fine crossbred full-wool to lOd, halfbred quarter-wool to 6id, halfbred half-wool to 7fd, halfbred full-wool to IOJd, crossbred hoggets to Bd, fine crossbred hoggets to Od, halfbred boggets to OJd, crossbred dead to 7d, fine crossbred dead to Bid, halfbred dead to 9Jd, crossbred hoggets dead to 7d, fine crossbred hoggets dead to Bd, halfbred hoggets dead to BJd.

NAPIER WOOL SALE CHEQUE TOTALS £312,000 AVERAGE PRICE PER BALE ABOUT £l2 (Per United Press Association) NAPIER. December 10. The wool cheque for the first sale of the season last week will amount to £312,000, resulting from the sale of approximately 26,000 bales. In 1934 the December sale brought a quittance of between 13,000 and 14,000 bales, and about £IIO,OOO in cash. The average price per bale last week was about £l2, against between £6 and £9 at last December's sale.. AUSTRALIAN STOCK EXCHANGES (United Press Association) (By Electric Telegraph—Copyright) SYDNEY, December 10. (Received Dec. 10, at 10.15 p.m.) The Stock Exchange showed more activity and the tone of the market was fairly strong, with retail company shares attracting attention, b"t there was little doing in the gold share department. THE MORNING SALES.

LONDON METAL MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON. December . (RecclTed Dec. 10, at 10.30 p.m.) The following are the official metal quotation!;— Ton.

PRICE OF FINE GOLD (United Press Association) (By Electric Telegraph—Copyright) LONDON, December 9,

MELBOURNE WOOL SALES . (United Press Association) (By Electric Telegraph—Copyright) MELBOURNE, December 10. At the woo] sales there was ready competition. Values generally were firm on levels current in other centres last week. DOLLAR AND FRANC (United Press Association) (By Electric Telegraph—Copyright) LONDON, December 9. Exchange on New York ig quoted at 4.93 dollars to the f and on Paris at 74J francs to the £. DAIRY PRODUCE MINIMUM, PRICES FIXED. (Per United Press Association) WELLINGTON, December 10. The New Zealand Dairy Board has fixed the minimum prices for f.o.b. and c.i.f.e. sales on the basis of butter lOfd and cheese s§d. The prices are subject to agents' selling commission of 1| per cent. These prices are equivalent to— Butter 87s 2d c.i.f.e., cheese 47a 9d c.i.f.e. LONDON WHEAT MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON, December 9. Wheat: Cargoes are steady. Parcels are quiet. ■ Futures:—London: February, 25s 3Ad; April. 25s 4Jd. Liverpool: December, 0s Oid; March, 5s 9|d; May, 5s Old. BRADFORD WOOL MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON, December 9. The Bradford market is quiet and barely steady. AUCTION SALE Mp'isrs R. S. McKenzie report having eubniTtted to public auction allotment 1, plan 4273, and being also part of section 2, block V, of the Lower Kaikorai district. The property was sold to a cash purchaser.

STOCK EXCHANGE YEAR A HOPEFUL NOTE SOUNDED CORNER DEFINITELY TURNED (Special to Daily Times) AUCKLAND, December 10, After stating that favourable business conditions had ruled during the Stock Exchange year which is now drawing to a close, the retiring chairman, Mr G. C. Creagh, sounded a hopeful note from the point of view of investors. He said that present indications were decidedly hopeful for the coming year, and in the absence of any untoward or unexpected happening with far-reaching consequences one would not be accused of undue optimism in predicting even more satisfactory results for the year upon which they were just entering. That the Dominion had at last turned the corner and had entered upon a new and what they all hoped would prove to be a long period of prosperity could, not be gainsaid. All classes of business had improved, and what was of such vital importance to the Dominion, our primary producers had begun to benefit from the changed conditions. Referring to the trend of the investment market, Mr Creagh said that the investing public was now to a great degree what might be termed “share conscious,” and there was now a very lar»e class of small investors not previously known on the market. People who at one time put their money into house property or who financed mortgages had in many instances turned their attention to the Stock Exchange and the investments it had to offer, with results very much to their advantage, and having had their appetities whetted, they were exceedingly unlikely to relinquish their interest in the share market. The officers elected for the ensuing year were:—Chairman, Mr J. W. Prater; vicechairman, Mr G. R. Buttle, MINING NEWS WAIPAPA DREDGING COMPANY ANNUAL REPORT. The report of the directors of the Waipapa Beach Gold Dredging Company, Ltd., which will be presented at the first annual general meeting of shareholders of the company, states, inter alia:— “ The final inspection of the company’s dredge was made on July 20, 1935, and credit is due to the contractors (the Dunedin Engineering and Steel Company, Ltd.) for their expeditious and conscientious handling of this contract. Up to August 8, 1935, was occupied in the open-ing-out operations and in dredging through the tailings of Messrs Wilson and Perry’s No. 2 sluicing paddock. Immediately the dredge began digging sand, it started to earn payable returns, and for the five weeks ended September 12, 1935, 218 oz Bdwt of gold were won. As actual digging operations had been commenced in July, the profit and loss account is for the period of three months ended September 20, 1935. It- is pleasing to note that, although this period bears three months’ expenses against these five weeks' returns, sufficient gold was won in that time to show a handsome profit for the three months, It might here he noted that the expenses average £75 per week, including overhead. The following figures- for the five weeks ended September 12, 1935, are of interest:—Total gold won, 218 oz Bdwt: total time dredge was working, 5621 hours; total non-dredging time, 1331 hours; total yardage treated, 21,268 cubicyards—an average of 37 1 cubic yards per hour; average value, based on the realisation of this gold, Is 5Jd per cubic yard. While the dredge was working on the return cut trouble was experienced with the Diesel engine, which broke down on September 17, 1935, and was not available until October 2, 1935, when dredging operations were resumed. The stoppage was a serious matter for the company, hut can in no way be attributed to neglect on the part of the company’s employees. The Diesel expert finally located the trouble in a defective oil connection, and the makers of the engine have been approached for compensation. Unfortunately, a series of strong northerly winds blew up mounds of sand 10 feet in height over the previously flat ground which it had been intended would comprise the return dredging cut. The dredge is not yet equipped for dealing with sandhills so much above the water level of the paddock, so this ground had to be left in the meantime. The dredge then worked downstream, largely through the previous tailings and only touching upon the fringe of these sandhills. Thirty-four and a-half ounces of gold were obtained , between September 12 and October 12, 1935, while the dredge was working on this return cut. Deeper ground and a bar of puggy clay material were then encountered, so the additional length of ladder which had been previously ordered was then installed. These alterations and the digging through the clay pug, which was not gold-bearing, took three weeks. The next return was obtained on November 2, when 15oz were won, and since then steady returns have been obtained. Since September 12, despite the various difficulties and stoppages, the dredge has won 182 oz 14dwt for the 11 weeks ended November 30, during which period the dredge has worked only 778 hours on. gold-bearing material. The .profit for the three months ended September 30 has been transferred to profit and loss appropriation account. In accordance with the company’s articles of association, the directors all retire from office, and are eligible for re-election. The retiring auditors are Messrs William Brown and Co., who also are eligible for re-election. ’ BENDIGO RISE AND SHINE The secretary of the Bendigo Rise and Shine Gold Mining Company reports a return of 14oz 16dwt for the week ended December -1. Nine tons of run of mine ore were treated for an average recovery of loz 12.8dwt per ton. An additional Berdan pan is being installed and should be in operation in a few days. GOLCONDA HOLDINGS, LTD. NET PROFIT OF £787. (Special to Daily Times) AUCKLAND, December 10. A net profit of £787 compared with £1507 in the previous year is shown in the second annual accounts of the Golconda Holdings, Ltd., Auckland, for the period ended November 30. A final dividend of 6 per cent, is recommended which, with two similar interim payments, makes 15 per cent, for the year. FRENCH DEFENCE LOAN (United Press Association) (By Electric Telegraph—Copyright) LONDON, December 10. (Received Dec. 10, at 11 p.m.) The Times Paris correspondent says the Government is issuing a £26,000,000 defence loan. SYDNEY WOOL SALES (United Press Association) (By Electric Telegraph—Copyright) SYDNEY, December 10. (Received Dec. 10, at 11.15 p.m.) At the wool sales 12,960 bales were offered and 11,655 sold, while 1179 were disposed of privately. There was keen general competition from Japan, particularly, and the market ruled firm at the previous day’s rates for all descriptions. Greasy merino sold to 24d. COMMONWEALTH LOAN (United Press Association) (By Electric Telegraph—Copyright) CANBERRA, December 10. (Received Dec. 10, at 11.30 p.m.) The Federal Treasurer (Mr R. G. Casey) announced that the Commonwealth loan, which was closed yesterday, was oversubscribed by £300.000.

RUGBY, December 9. P»rt»— Par. Dec. 7. Dec. 9. Francs to £1 124. 21 74 9-64 74 47-64 Brussels-—• Belgas to £1 SO 29.241 29.26 OsloKroner to £1 18.180 19.901 19.901 Stockholm— Kroner to £1 18.130 ' 19.391 19.391 Copenhagen— Kroner to £1 18.150 22 22 Berlin— Marks to £1 20.34 12.2S 12.28 Montreal— • _ . Dollars to £1 4-86 2-3 4.981 4.981 New York-~ DcUe.ni to £1 «-86 8-3 4.92J 4.92 15-16 Yokohama — Fence to yen 24.583 14 14 Hongkong— Tence to dollar 24.58 14 3-16 16% Bombay— 181 Tence to rapes <- 181 Batavja— Florins to £1 12.10 7.221 7.231 Milan— Lira to £1 82.46 601 601 AmsterdamGuilder {to £1 12.107 7.251 7.25} Prague— ■ Ktoner to £1 1041 119% 1181 Gencya-» Francs to £1 25.22J 15,181 15.21 Vienna— Schillings to £1 84.86J 2Ci 261 Helslngfors— Marks to £1 193.23 226| 2261 Madrid— Pesetas to £1 25-221 85 63-64 86 1-32 BelgradeDinars to £1 25,221 217 216 Atheps— ' Drachma to £1 .. .. STS 518 520 Lisbon— Ewudostofil J.10 110| hob Bucharest— Lei to £1 „ 931.8 629 629 Bio de JaneiroPence to mllrels .. 6.890 41 « Buenos Aires361 Pence to pesos 47.22 36} Shapgha,!-*-Pence to tae] — 141 14 9-16 Montevideo— Pence to pesos — 89 9-16 89 9-16 Warsaw*— Zlotys to £1 — - 26.16 ON NEW,ZEALAND CURRENCY BASIS The Bank of New Soiith Wales, Dunedln. quoted the following rates for purchases ana sale? of foreign exchange yesterday:— Londop— Buying, Selling. £1 N.Z. to £100 stg. .. ... T.T. 124 124/10/O.D. 123/10/* 124/8/0 Australia — £ A to £100 N.Z. T.T. O.D. 101 101 100/10/Fiji— £ F to £100 N.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York — Dollars to £ N.Z. T.T. O.D. 8.98 J 4.00 S.95 3.95J Montreal-** Dollars to £ N.Z. T.T. O.D, 4.031 4.04| 3.99g 4.00Vs France — Francs 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.D62.P4 58.69 Pnpeete--* Francs to £ N.Z. T.T. OD, 61.64 62.04 58.64 58.69 Belgas to £ N.Z. T.T. O.D. - 23.207 ' 23.222 Germapy— Relchsmarks to £ N.Z. .. ■..,. T.T. O.D. __ . 9.654 9.659 Italy— ■< Lire to £ N.Z. T.T. ■ — *T"' i 0,D, —- -"• ■' SwitzerlandFrancs to £ N.Z. T.T. O.D. 12.445 12.520 13.045 12.055 HollandFlorins to £ N.Z. T.T. O.D. 5.986 6.036 5.736 5.740 Java— Florins to £ N.Z. T.T. 5.923 5.898 O.D, 5.973 5.702 Japan— N Z. Pence to 1 Yen .. . • T.T. 17 21-32 O.D. i— 17 41-64 Shanghai-^. Jw.Z, Pence to 1 Dollar ., ». T.T. 17 13-31 2 18 23-32 O.D. 17 9-33 18 45-64 India and Ceylon— N.Z. Pence to 1 Rupee .. .. T.T. 22| 22 23-32 O.D. 22,1 22 21-32 Hongkong— N,55. Pjence to 1 Dollar >» •» T.T, 19 11-16 20 15-16 O.D. 19 9-16 20 29-32 Singapore— N.Z. Pence to 1 Dollar .. .. T.T. 343 35 5-16 O.D, 341 351 Swedep— Kroner to £ N.Z. T.T. 15.730 15.460 O.D, 15.830 15,470 Norway— Kroner to £ N.Z. T.T. 16.200 . 15.870 O.D. 16.240 15.880 DenmarkKroner to £ N.Z. T.T. 18.208 17.878 O.D. 18.248 17.888 Austria— Schillings to £• N.Z. .. .. T.T. 20.63 O.D. — 20.65 Czechoslovakia — Crowns to £ N.Z. T.T. — 95.01 / ■ O.D. — 95.06

£ s. d. E.S. and A. Bank (late Mon.) 5 12 0 Govt. 4 per cent. Stock, 19431946 .. ; ..104 15 0 Govt. 4 per cent. Stock, 19461949 (2) ..105 0 0 SALES REPORTED AFTER LAST W 11 i WI M Bank of New Zealand .... ., 2 8 0 10 9 UNLISTED STOCKS. Woolworth's (Sydney) .. .. 5 17 9 The following are yesterday afternoon's buying and selling quotations, which are subject to the usual brokerage: — BANKING. Buyer. Seller. £ s. d. £ s. d. 33 0 0 New Zealand .... 2 7 9 2 8 6 Commercial .... -r0 18 0 3 13 0 6 0 0 0 — INSURANCE. National ."..... 0 19 5 0 19 9 New Zealand .... ' — 3 3 9 3 10 0 SHIPPING. P, and 0. Def. Stock — 1 1 0 MEAT PRESERVING N,Z. Refrig. (paid) 1 1 6 1*2 6 N.Z.Refrig. (cont.) 0 10 6 0 10 10 South. Froz. Meat 3 17 6 Waitaki Fanners 3 15 0 — , LOAN AND.AGENCY Mortgage Corpora0 5 6 National Mortgage — 2 14 0 N.Z. Guar. Corp... 0 5 0 — Perpetual Trustees ■'. ' — 3 6 0 Wright, Stephenson 0 10 0 COAL, Kaitangata .. .. 1 1 6 — 12 6 Westport-Stockton 0 2 8 WOOLLEN COMPANIES. Bruce (ord.) ,. .. ' — 0 14 0 MISCELLANEOUS. Associated News.. — 14 9 Broken Hill Propy. 2 17 0 2 18 0 Broken Hill Propy, (5s paid) .... 18 0 18 6 Colonial Sugar .. 42 0 D.I.C. (pref.) .- — 0 ' — . 14 3 DominionFertiliser — 1. 4 3 Dominion'Fertiliser : (Debs,) ...... 106 0 0 ~ Stock Exchange 0 2 0 0 Milburn Lime .. ■ — 2 4 6 National Electric. 0 12 0 0 13 3 N.Z. Drug Co. ,. 3 19 6 — N.Z. Newspapers.. — 2 16 N.Z. Paper Mills.. 1 7 0 — Regent Theatre .. 0 16 6 0 18 3 Wilsons Cement .. 2 2 9 2 3 6 BREWERIES, N.Z. Breweries •• 2 12 9 2 13 6 Tooths 2 14 9 — AUSTRALIAN MINING. Broken Hill South — 6 5 0 Electrolytic Zinc 6 1 15 0 Mount Lyell .... 10 6 110 Mount Morgan .. 1 15 6 — . MINING. Alexander .. ,. 0 13 0 — '■ Bendigo Goldlight — 0 0 3£ 9 0 1 11 Gillespie's Beach •. — 0 12 0 2 9 Kine Solomon .. 0 3 3 — Lawson's Flat .. — 0 0 6 9 0 3 0 6 0 6 0 Paddy's Point .. -— 0 2 9 Waipapa Beach .. 0 1 7 0 19 10 0 GOVERNMENT LOANS. . 31 p.c. Stock. Nov., 0 — 3J p.c. Stock, Mar., 103 0 0 3* p.c. Stock, Sept., 1939-43 — 1U3 U 'J 3i p.c. Stock, May, 0 — 4 p.c. Bonds. 193740 .. .... ..102 0 0 — 4 p.c. Stock, 1937- • 0 — 4 pic. Bonds, 19430 ! — 4 p.c. Stock, 19430 —- 4 p.c. Bonds, 194649 .. .... .. 104 15 0 — 4 p.c. Stock, 194649 .. .... .. 104 15 0 —" DIVIDENDS PAYABLE. ': The following is a list of the shares on which dividends will shortly be payable: Woolworths (ord.)—14 p.c. . 2s per share; final .• •. • Dec. 11 North Broken Hill—3 S 6d per share; final .. ,. • • • Dec. 12 N.Z. Breweries—7 p.c, 8 3-5d Mount Lyell—2J p.c, 6d per Dec. 14 Dec. 16 Talisman Dubbo —6d per share; . • ■ Dec. 16 Okarito—6d per share .. • Dec. 17 Broken Hill South—2 S 6d per Dec. 19 British Tobacco—6 p.c, 3 3-5d per share; final Dec. 31 Goldsbrough, Mort — 4 p.c, 4 4-5d per share, interim Dec — Waitaki Farmers' Freezing, 5 p.c. 5s per share; final Dec. — Oamaru Woollen—9 3-5d per Dee, —

]02 10 0 102 10 0 102 10 0 Bank of Australasia .. 11 4 0 Commercial Bank of Australia 0 17 11 0 17 10 Bank of New South Wales .. 32 7 6 Bank of New Zealand .. 2 8 2 8 0 2 South British Insurance 4 12 6 Farm Auctioneers (B prer.J 8 9 1 1 0 G 1 fi 9 Dominion Breweries (2) 0 17 7 New Zealand Breweries 2 12 2 12 (i 9 Broken Hill Proprietary .. 2 18 0 Colonial Sugar (2) .. .. 42 0 0 42 2 6 1 14 9 0 7 6 Farmers' Trading (B pref.) 0 14 7 3 5 6 New Zealand Newspapers .. 2 0 9 2 3 0 1 13 0 0 1 0i 0 3 5 0 10 9 Waihi Investments .. 0 14 6 Unlisted Stock* National Tobacco 3 7 fl Woolworths (Sydney, 3) 5 17 9

Bank of Australasia (late 11 5 0 B.S. and A. Bank (2) 5 11 0 Bank of New South Wales (2) 32 10 0 Bank of New Zealand .. 2 7 9 9 8 6 New Zealand Insurance 3 3 9 South British Insurance 4 12 6 Westport Stockton (pref.) •• 0 2 0 1 19 3 Colonial Sugar (late sale Mon42 2 42 5 6 0 42 7 6 Procera Bread (vendor) .. 2 7 2 6 6 0 1 16 5 CHRISTCHURCH Sales on 'Change New Zealand Government, 4 p.c. Inscribed, 1952-55 .. 107 5 0 National Bank of Australia 13 19 0 Bank of New Zealand .. 2 8 3 New Zealand Insurance _ .. 3 3 0 Goldbrough, Mort (cum div.) 1 12 1 12 0 1 1 12 0 Mortgage Corporation .. 0 5 4 New Zealand Refrigerating (10s paid, odd lot) .. •• 0 10 7 1 16 2 New Zealand Breweries (cum Broken Hill Proprietary (2) 2 13 2 17 2 17 3 9 8 Kauri Timber (cum div,) .. 1 4 1 0 12 7 1 16 0 03 0 0 2 * Sales Reported Commercial Bank of < Sydney 17 15 0 National Bank of.New Zealand (cum div.) . . • •. 3 12 6 Bank of New South Wales .. 32 10 0 Kaiapoi Woollen (7s paid) .. 0 5 3 Quill Morris (in liquidation) 0 5 0 3 1 16

£ '6. d. Commonwealth Bonds — 3i per cent., 1948 .. .. 97 15 0 4 per cent., 1944 .. .. 102 2 6 4 per cent., 1955 103 12 0 4 per cent., 1957 .. 102 3 9 4 per cent., 1959 .. .. 102 12 6 Bank of New South Wales .. 32 15 0 Australian Gas (A) .. 8 0 0 Associated News (pref.) 1 3 6 Broken Hill Proprietary .. 2 18 3 GJoldsbrough, Mort .. .. 1 12 3 1 3 6 Pitt Son and Badgery 1 19 6 1 10 6 Woolworths (first preference) 1 19 6 ADDITIONAL SALES. d. 0 Bank of New South Wales t H. 32 15 National Bank (£5 paid) .. 7 0 0 11 12 6 Mercantile Mutual Insurance 1 8 9 1 4 6 (pref.) 1 3 73 1 19 G 2 15 6 4 4 6 0 1G 0 0 18 H 0 13 3 (B) 0 13 4 1 12 3 1 10 6 1 16 0 1 19 G 1 7 6 o lo loj 1 3 6 Richardson and Wrench .... 1 3 9 1 10 0 2 14 3 Pitt Son and Badgery .. .. 1 19 6 Woolworths (first pref.) 1 19 0 1 1 G 0 12 0 1 0 3 0 18 9 1 10 3 1 1 0 Broken Hill Proprietary 2 18 3 6 1 0 8 18 0 3 19 6 0 8 9 0 14 0 0 3 6 0 16 3 0 3 9 MELBOURNE, December K ). Commercial Bank of Aus0 18 3 National Bank (£5 paid) .. 7 0 0 3 3 6 2 0 0 2 6 0 3 5 6 1 13 0 0 16 8 0 8 3 3 10 0

Copper, »ix>t .. .. £.15 16 s ItlBe CO 4 Hi Copper, forward .. 33 S WA Rise 0 6 tu Electrolytic spot .. .. 40 6 0 Rise 0 5 0 Electrolytic forward .. 40 15 0 Rite 0 10 ' 0 40 15 0 Rise 0 10 0 17 11 a Fall 0 6 3 Lead, forasrd .. ., 17 11 3 Kail 0 6 3 Spelter, spot .. .. 15 12 fi Rise 0 3 0 Spelter, forward .. ., 15 18 0 Rise 0 t 0 221 5 0 Fall 112 6 Tin. forward .. .. 210 12 0 Fall 3 0 0 Pig Iron, tiomo trade 3 10 0 No c hange 1Mb Iron, export .. 3 1 6 No c bange Antimony. Hrltlth .. 70 10 0 No cbang; Antimony, foreign .. 63 5 0 No c hange Unit. 1 14 6 No c hange 1 14 G No change O*. Silver, standard .. .. S8-5id Fall 7-lfld 31 1-lGd Fall 7-16d

£ s. d. December Q .. 1 04 December 6 .. 1 14 December 5 .. 0 114 December 4 .. 0 n December 3 .. .. .. 7 1 i December 2 .. 1 0 November 2!) .. .. 7 1 04 November 28 .. .. 7 0 n November 27 .. .. 7 1 0