COMMERCE AND FINANCE

Otago Daily Times, Issue 23883, 10 August 1939, Page 16

COMMERCE AND FINANCE

THE SHARE MARKET DUNEDIN STOCK EXCHANGE The demand for a number of issues of Government loans showed some improvement on the Dunedin Stock Exchange yesterday, 3J per cent. Stock, 1941-43, having a buyer at £9B 10s. Industrials, on the other hand, had a poorer inquiry than for some time past. . T : Business was done an Standard in■urances at £2 15s 3d, the closing offer being £2 14s 9d. The market for contributing New Zealand Refrigeratings was under again, the offer of 8s id finding sellers firm at 8s 6d. South Otago's were again sought at £4 os., There was an unsupplied buyer of G. J. Coles at £3 17s 6d and Paper Mills remained firmly in demand at £1 5s 9d with a seller 9d away. The offer for New Zealand Breweries was advanced to £1 16s 9d, and Dominions were still wanted at Morgans, which had a sale at 9s 10d, were on offer at 9s lid, no inquiries forward in the Australian mining section. ,\ YESTERDAY'S TBiANSACTIONS ' Sales Reported _ , .. £ s. a. Standard Insurance .. ••215 3 Taranaki Oil Developments 0. Z o Mount Morgan .., .. •• » »{" New River .. • ■•••<• ° ° IU LATEST QUOTATIONS the following are yesterday afternoon's buying and selling quotations, which are tuWect to the usual brokerage:— "'-•:'.■ GOVERNMENT LOANS .; ■

LOCAL AND OVE-RSEAS MARKETS

NORTHERN EXCHANGES ' AUCKLAND

INVERGARGILL MARKETS VALUES GENERALLY POOR NO DEMAND FOR LOCAL POTATOES (Special to Daily Times) INVERCARGILL, Aug. 8. The produce markets generally are quiet, but more activity will probably take place next month, when the farmers* demand for oats and seeds should begin. •• . Oats.—There is no quotable change in the oats market. The demand .for shipping is dull, and of lines offering only an occasional one appeals to the millers. Values to growers still range from 2 S to 2s 3d a bushel, o.t.cs.. forgrade oats, arid Is 8d to is Hd for under grade. Wheat.—The values to growers for the current month 10. b., Bluff, are 5s 8d for Tuscan varieties. 6s for Hunters, and 6s 2d for Velvet. These prices are subject to a bonus of a minimum of 3d a. bushel at the end of the season. Fowl wheat is still dull of sale, and the value for g.w.f. quality is about 4s 9d a bushel, o.t.cs. The chaff market is well supplied, and business is dull. Value to growers for good, bright quality is £3 10s a ton, o.t.cs.- • ' .••■' Ryegrass.—This is being dealt with mainly on farmers' accounts after the seed has-been dressed and after germination is known. The.greater part. of the production is showing low germination percentages, arid is difficult to sell; but lines showing germination of 80 per cent, or more are commanding good:, prices. , Values range from 5s 8d to 7s 6d for dressed-seed of- more than 70 ; : per cent, to over 90 per cent, , For poorer germinating lines; prices are,considerably lower, while lines of under 50 per cent.; germination are most' difficult to sell. Browntop.-rrThereisno improvement in this market and there is an entire lack of overseas orders. Values to growers for machine-dressed seed are about Is 2d per lb for certified and a penny less for uncertified. Potatoes.—Value to growers is about £l4 a ton, o.t.cs., for all varieties. The shipping market, however, has shown a tendency to ease because of the Government being prepared to issue licences for the importation of ootatoes frorri California. These- on current quotations can be landed in the North x lsland at little more than £l6 a ton and, as a consequence, the demand- for local potatoes has weakened. DOLLAR AND STERLING (United Press Association) (By Electric Telegraph—Copyright) LONDON. Aug. 8. Sterling exchange. London on New York. 4.68 i.

London on New York during 1937 averaged 4.95d0l to •£1 sterling; on August 2. 1938, 4.493; on September 8. 4.63: and during October varied between 4.78 J and 4.75 i During November 1938. the variation was between 4.76.1d0l (November 8) and 4.63;',. ANTWERP FUTURES (United Press Association) (By Electric Telegraph—Copyright) LONDON. Aug. 8. Antwerp futures are auiet. August. 21|d; November. 213 d: January. 21jd. Fraser and Co.. selling agents for Otago and Oamaru Egg Circles, report as under:— • • Eggs: Poultry farm eggs. 2s 3d per dozen: second egas. to 2s per dozen. Dairy butter: Pats. Is: bulk. Is o£d. Tallow. 9s per cwt. Pigs: Good baconweights 6Jd to 7d per lb: overweights. 3d to 4d oer lb: corkers. 7d to 7Jd per lb King Edward potatoes. £l7 to £lB per ton: whites. £l6 to £l7 per ton. Chaff £5 10s per ton. sacks extra. Whole fowl wheat to 6? 8d per bushel. Canterbury onions. 21s per cwt. Honev: Bulk. 7d to 8d per lb: 21b pottles. Is 6d: 101 b tins, to Bs. Poultry: White Leghorn hens. 4s to 5.3 6d: heavy breeds. 5s 6d to 7s: cockerels—light 2s 3d to 4s. heavy 7 S to 8s: roosters. 2s to 3s; ducks. 3s to 6s; ducklings. 5 S to 6s; all per pair. Turkeys: Required; gobblers. lOd to lid oer lb. live weight; hens. 7d to 8d per lb. We stock "Palmer's" chick food, "South Otago" meatmeal: leg rings, Is per dozen (special quotes on application), .„/-.! We are Otago agents for: Champion" egg crates "Isco" cod liver oil for poultry (prices on application). _ Consignors, please note that all Digs and poultrv must arrive not later than Wednesday morning of each week. We have a stock of poultry crates on hand for use for our clients.

LESS BUTTER HELD LONDON STOCKS DECLINE HIGH AUSTRALIAN TOTAL SLOW MARKET RULING A slow market ruled in London for New Zealand butter at the close of last week. Choicest salted was selling at 119 s to 120 s per cwt, or a shade lower than a week before. Retail prices- were unchanged, New Zealand remaining at Is 3d per lb and Danish at Is 4d»per lb. As a result of lower exports from the Dominion, stocks of New Zealand butter in London are now becoming short. During last week stored stocks were reduced by a further 828 tons and the total now held is only 3546 tons, compared with 6765 tons at the same period last year. On the other hand, stocks of Australian butter at 6903 tons are over 2000 tons higher than a year ago. The Imperial Economic Committee has estimated thai, stocks of all butters in store total 1.254,634 boxes, against 1,370,097 boxes at the same time last year. By arrangement with the Primary Products Marketing Department, the following information is supplied by the New Zealand Dairy Board for the week ended August 4, figures for the previous week being given in theses^—■Butter.—New Zealand: Salted. 119 s to 120 s (120 s); unsalted, 120 s (120 s). Deliveries: New Zealand, 1242 tons (last vear, 1159 tons); in store, 3546, tons (last year, 6765 tons). Australian: Salted and unsalted, 109 sto 110 s (110 s). Deliveries: Australian. 2519 tons (last year. 909 tons); in store. 6903 tons (last year, 4964 tons). Danish: 103 s, f.0.b.. 124 sto 125 s spot (106 s, 127 s to 128 s); Dutch, salted. 104 s to 105 s (106 sto 108 s); unsalted. 104 s, 105 s. ex 109 s (106 s to 108 s); Irish, cream, salted. 119 s (120 s); Polish, salted and unsalted 106 s (104 sto 106 s); South Africa. 104 s (106 s). Cheese.—New Zealand: White, 60s (60s); coloured. 62s (625). Deliveries: New, Zealand, 16,494 crates (last year, 44.407 crates); in store. 77,399 crates (last year. 67,874 crates). Canadian: White and coloured, 63s (62s to 635); c.i.f.. 58s 6d (60s to 61s); old season's white and coloured, 72s to 75s (73s to 765). Deliveries: Canadian. 7198 boxes (last year, 3121 boxes); in store, 103,745 boxes (last year, 81,389 boxes). English: Finest farmers'. 78s to 84s (78s to 84s). The market is quiet. New Zealand retail price is unchanged at 8d per lb. PRICE OF EGGS REDUCTION IN WELLINGTON (Special to Daily Times) WELLINGTON, Aug. 9. In anticipation of increased supplies of eggs and to stimulate the demand, wholesale prices for eggs were reduced this morning on the quotations published last Monday. The revised wholesale prices in Wellington as from today and until next Wednesday will be as follows: : —Specials, 2s 4d per dozen; A grade. 2s 3d; B grade, 2s Id; ducks, 2s 3d. These quotations show a reduction of 5d a dozen on specials and 4d a dozen on other grades. The distributors generally, it is understood, have undertaken to maintain the new prices for a full week and by making the reduction on a Wednesday have been guided by the interests of the retailer as well as by the convenience of consumers in freer buying at the week-end. AUSTRALIAN STOCK EXCHANGES (United Press Association) (By Electric Teteßraph Copyright) SYDNEY, Aug. 9. (Received Aug. 9. at 10.30 p.m.) The Stock Exchange lacked activity again to-dav and prices underwent little change. Leading industrials continued steady. "..'.,*

CLUTHA AND MOLYNEUX SHARES iUnited Press Association) ißv Electric Telegraph—Copyright i LONDON. Aug. 8. Share quotations: Clutha River Company—buyers lOid. sellers Is Ud; Molyneux River Company—buyers 3d, sellers 4|d.' BUTTER MARKET (United Press Association) ißy Electric Telegraph—Copyright) LONDON. Aug. 8. Butter is inactive. Choicest New Zealand salted and unsalted. 120 s: Australians. HOs.

CLUTHA RIVER GOLD COMPANY PAYS 6* PER CENT. PROFIT OF £14,837 REALISED EARNSCLEUGH FLATS TO BE WORKED (From Our Own Correspondent) LONDON, July 17. A profit of £14,837 was realised by Clutha Gold Dredging, Ltd., last year, a final dividend of H per cent., making 6£ per cent, for the year, less tax, was declared at the annual meeting today. The chairman (Colonel C. E. Ponsonby) announced that dredging in the river was to stop in August or September, and that it would begin on the Earnscleugh Flats above Alexandra bridge as soon as the river was low enough to enable the dredge to proceed there. . ~ In his address, the chairman said that the output of gold during the year amounted to 79240 z, an average of 1520 z per week. The proceeds, less New Zealand gold tax of 10 s sterling per oz and the selling charges, amounted, to £49,913. Expenditure, in New Zealand amounted to £20.665, an average of approximately £4OO per week. Expenditure in England was £2Oll. After providing £5872 for national defence contribution and British and New Zealand income tax, and £7339 for depreciation, the profit for the year was £14,837. The company's financial position was thoroughly sound. . , , The length of the river worked during the year was one mile 24 chains, making a total of 2 miles 31 chains dredged. Referring to the Earnscleugh Flats, Colonel Ponsonby said that the areas had been tested by close boring; 395 bores had been put down, proving approximately 54,000,000 cubic yards of a value over 6d per cubic yard, taking gold at 140 s per fine oz, and after heavily discounting all rich bores. Working costs, including the New Zealand tax on gold produced, were estimated at aproximately 2Jd per cubic yard. The land was a valuable asset, and the board had been faced with the problem of deciding on the best method of working it. Different Points Considered

Before deciding to work the flats, the board had considered various points of view. It had agree* that :t was not an opportune time to raise fresh capital to install a new dredge. The existing dredge had fulfilled expectations, and it had been able to deal with rocks and heavy ground. It had worked out the top section of the river quicker than anticipated, and had now almost reached the top boundary. "After carefully considering all the factors and on the strong recommendation of the company's representatives and the general manager in New Zealand, the board has arrived at the conclusion that the interests of the company will be best served by proceeding with as little delay as possible to work the flats with the existing dredge, further dredging of the river being postponed till a later date,", said the chairman. , .■■'«. "This means a change from the original programme, but the board is confident that the advantages to be gained fully justify the change. The programme whereby the existing dredge will be altered and transferred to the flats has been designed with the view of increasing the output of gold without raising further capital. Our general manager reports that we can expect from the flats not only reasonably good, but more consistently regular" outputs than from ,the river. ■ . "It is intended to step dredging in the river next month or in September, as soon as the river is low enough to allow of the dredge being moved upstream under the Alexandra bridge. It will work its way into the flats where the alterations necessary to ertable it to deal with the new conditions will be carried out. "The chief alterations entail increasing the capacity from approximately 1,440,000 cubic yards to 2,400,000 cubic yards per annum, and installing an elevator and conveyor. It is anticipated that the cost of the alterations will be between £40,000 and £45,000, a sum within the company's resources. They are estimated to take upwards of six months, during which period there will be no outputs. "Although payment of dividends will therefore be interrupted during the changeover, the board has every reason to believe that the decision arrived at will ensure regularity of outputs and steady returns. The gold in the river will still be available for recovery after the flats are worked out.v Replying to questions, Colonel Ponsonby said that the cost of a new dredge would be between £150,000 and £200,000. The chance of buying the Molyneux dredge did not exist. It had not been offered; it would not be suitable for the flats MINING NEWS GREY RIVER RETURN (Peh United Press Association) WELLINGTON, Aug. 9. The Grey River dredge return was 1950 z of gold taken from 84,726 cubic yard of material (128 hours worked). FRENCH FRANC (Ur.ited Press Association) (By Electri Telegraph—Copyright) LONDON, Aug. 8. Sterling exchange on Paris, 176? francs to £l.

LONDON SHARE MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON, Aug. 8. Bank of Australasia, 127 s 6d; E.S. and A Bank, 63s 9d; Union Bank of Australia, 106 s 3d (nominal); Bank of New South Wales. £2l 15s; National Bank of New Zealand. 31s 6d (nominal)'; Bank of New Zealand, 27s (nominal); British Tobacco. 36s 3d (nominal); Goldsbrough, Mort. 20s (nominal); Dalgety and Co.. 87s 6d (nominal): P. and O. Deferred, 18s 7Jd: New Zealand Loan and Mercantile. 4 per cent, debentures. £75 (nominal); ordinary, £l3 (nominal).

FOREIGN EXCHANGES (British Official Wireless) (United Press Association)

ON NEW' ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunodln, yesterday quoted the following rates for purchases and sales of foreign exchange : London —

DOLLAR RATES The Associated Banks (other than the Bank of New South Wales) vesterday quoted the following dollar rates on a New Zealand currency basis They are subject to alteration without

LONDON METAL MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON. Aug. 8. The following are the official metal quotations: —

BROKERAGE ON SHARES SYDNEY STOCK EXCHANGE (United Press Association) tßy Electric Telegraph—Copyright) SYDNEY, Aug. 9. From September 1 the brokerage on investment shares dealt in on the Sydney Stock Exchange will be divided equally between buyers and sellers. At present the whole charge is borne by the seller.

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

MOUNT LYELL SHARES (United Press Association i . (By Electric Telegraph—Copyright) LONDON. Aug. 8. ■ Mount Lyell shares: are:'quoted at lS s -6d/.r ■- , .- «•;': ■-." .':-:; COLOMBO TEA SALE Mr L. M. Wrigm has received the following cabled report on the Colombo tea auction of August 8: -.:: - One and three-quarter million pounds were offered at yesterday auction. Common teas. remained firm and medium and' fine quality grades advanced about. Jd. The quality of the, offerings "was good. n • At next week's sale 1,750,0001 b have been catalogued for sale.

" t . Buyer, : Seller. iV . ;; -.-: ;:•,.. .;.....■:,. :.-£;a • '*•' £ a. d. ?Y ; '"'p'-e,V Stock, '.Mar.. '•. 0 -"■ 31' p.e Stock,' Sept.. 1941-43 ......... •• M10 0 T~ ■ 31' p;c. Bonds. 1953-57 89 0 0' ■ :~~... ' 34 p.C. Stock, 1953-57 89 0 0 -*■ 4 p.c; Bonds. 1943-46 .. 99 0 0 . --■ 4 p.c. Stock. 1943-46.. 99 0 0 .-*■ 4 p.c. Stock. 1949-52 .. 96 5 0. •• ~T 4 B.C. Bonds, 1952-55 *v 96 0 0 .')' 4p.c. Stock, 1952-55 ..96 0,, 0 '..' '**" : . ■ ■'6ffi, ... MINING Austril New Zealand Mining (£1) .... - 14 0 Blif River (Is) .... 0 0 Gillespie's Beach us) — 81 o "p 10 Goldfields Dredging (Is) .. ...:•;•• — 0 0 2 Nakomal (Ss) .. — 0 2 0 Sandhills (Is) .. .. — 0 0.2 BANKING n.:z. («i) — 2 0 0 N.Z. <Iong D; £1) .. 1 « 9 — Commercial (10s) .. * ■. — 0 16 9 Natl.'bf N.Z. (£2 10s) 2 6 0 ~" ..;''.•..,: INSURANCE^ National (7s) .. .'. 0 16 8 . ■— •.• Standard (£1) .. ..'■'-. 2 14 9 . — SHIPPING , Howard Smith (£1):. — 116 U.S.S. Co.. (pref.; £1) ,— 15 3 .,V MEAT PRESERVING N.Z Befrig (cont.: 10s) .>..... .. .. .. 0 S 1 0 8 6 South Otago Freezing 0 — '•%"■'■ LOAN AND AGENCY Otago Farmers (3s 4d) 0 l 6 0 *2 9 Trustees, . Executors (£3) .. .. 4 5 0 — Wright, Stephenson (pref.;£D .... - 0 19 * ■". OAS:VAuckland (£l) ..- v. ; — 0 16 6 COAL AND OIL Westport (10s) '.'. ... 1 0 : 6 — Westport - Stockton ..,..; (ord.; 10s) ..... 0, 3 10 • '.'~ - Taranaki Oil (£1 4|.' 7dj . .... - 0 8 0 ... rr.i ■ WOOtliEN COMPANIES Biruce (ord.; £1) 0 10 3 . ,. — B:ruce (pref.; £1) u 0 18 0 ■:. — . Kaiapoi. (ord.; 17s) .. »--r 0 12 It 1-0: ■'■' \ ' 'MISCELLANEOUS 1. :.. Australian ConsoUl :, . > a o » Brown, Ewing (pref.; ;*d .. .. ... •• i o. 0 ;~ Dominion Fertiliser 0 .1G.J. Coles (£1) .. 3 17 6 Kauri Timber (£ 1 5s) — 13 .0 MacDuffs. (ord.; £1) 0 1 6 —■ • MilburnLime (£1) .. 1 15 6 '— National Electric (£1) — 0 14 3 N.Z. Drug Co. (£2) .. — 3 9 9 N.Z. Newspapers (16s 1 13 6' N.Z. Paper Mills (£1) 15 9 • 1 6 .6 Otago Daily Times (£1) .i .. .. , .. 1 18 6 2 0 6 Regent Theatre (£1) — ,1: 1 tt Wilsons Cement (10s) 0 17 0 . — . Woolwdrths tSyd.: 0 14 3 BREWERIES N.Z. Breweries (£1) 1.16 9 — Dominion (£1) .... 113 0 — AUSTRALIAN MINING lllectro. Zinc (ord.; £1/ • ' - 2 14 0 Mount Lyeil (£1) .... — 18 9 Mount Morgan- (2s -6d) — 0 9'11 DIVIDENDS PAYABLE The following is a list of shares, on which dividends will shortly'he; payable— ... Farmers' Fertiliser—Ord:, "6p.c, p.a., pref., 5J p.c. p.a. (to May 31) . .. .. Aug. 15 Woolworths (Sydney—Halfyearly, 10 p.c. pref., 5 p.c.; 7 p.c., pref., 34 p.c. . . ..:«• Aug. 15 Mount Morgan (pref.)—In-. teripi 8 p.c. p.a. .. ... Aug.! 15 Com; Bank Aus.—Pref.. ■ A Aug. 17 Trustees Executors—Final, "8 :'i p.c. p.a. ;.':•:' . • Aug. 17 Bank of New South Wales ;— Interim, quarterly, 6s a share (Australian currency) Aug. 31 Emperor Mines—Fourth m. Aug: 31 Electrolytic Zinc (pref. and ord.)—Final, p.c. Sept. 15 Broken Hill South—6d a Sept. 15 Standard Insurance—Half- - yearly. Is 3d a share —

Sales on 'Change ,£/ ; s'. d; Commercial Bank of Aus0 16 .8 0 16 V: : Bank of New Zealand 1 19 3 0 10 9 Consolidated Brick .. .. 0 8 5 New Zealand Drug .. 3 9 0 Woolworths (Sydney) 1 4 1 Ngahere Gold ..' ,. ■• 1 2 6 WELLINGTON - Sales on 'Change 4 per cent. Bonds, 1958 (late Tuesday) : .... 96 15 0 MacDuffs (ord.; late Tues.) 0 2 0 Wilsons Cement (late Tues.) 0 17 4 4 per cent. Stock, 1948 (2) 99 12 6 4 per cent. Stock, 1958 ... 96 15 0 Wellington Hospital Board 4 per cent., 1943 .. 98 0 0 New Zealand. Guarantee . 0 4 ? Westport Stockton Coal .. 0 4 0 Electrolytic Zinc (pref.) .. 2 17 9 McKenzie's , Departmental Stores ■•..',,. •• •• ;•• 2 3 0 WoolworthSr Ltd. .;.. *•■• 14 1 4 2 2i 3 '■'■•j'/'.'. .''"'■-- >!i - ' ...-.'' 1 4 CHRISTCHURCH ;. Sales on 'Change New Zealand Refrigerating 0 16 6 1 0 6 G, J. Coles. V-. '•>'•■:';'.•'; •• 3 18 3 0 0UU- | Sales Reported Lyttelton Harbour Board 4| per cent., 1943 .. .. 101 0, 0 New Zealand Breweries .. 1 17 0 Broken Hill Proprietary .. (2) New -Zealand Governent 4 3 7 3 8 9 0 per cent. Inscribed, 1948 99 12 6

Aug. * . .4.681 .. .. 4.38$ AuR. 3 Auk. 2. .. .. 4:681 Aug. 1 .... ■ ,. .. 4.68J July 31 .... .. ) ,. .. 4.681 July 28 .... . .. .. 4.68J July 27 ... .. . ... ..4.68 3-16 July 26: - , r .1. , .. .. 4:68 3-16 July 25 .... . ;. ..4.681 Julv 24 ,. .. 4.68| July .14 ,. .. 4.68-3-16 July 7 ,. .. 4.68 3-16 July 3 .. .. . ,. .. 4.684 June 30 .. .. .. .. 4.684 June 1 .. .. 4.631 May 31 .'.... . .. .. 4.681 May 1 .. .. 4.684 April 3 .. .. .. 4.68 7-16 March 31., ,'. .. 4.681 March 1 .. .. .. 4.683 February 28 .. .. 4.684 February 1 .. .. 4.68? January 31 .. ... 4.68i Jahuarv 2 .. ./' ':. 4.68J /

The Morning: Sales J Commonwealth Bonds— *- s. Q. 99 6 3 99 1 3 101 17 6 4 p,c. 1955 .... .... 101 0 0 Bank of New South Wales 28 5 0 Australian Gas (A; old) .. 7 5 0 0 13 6 Broken Hill Proprietary .. 3 1 6 0 16 3 44 17 6 0 18 3 Felt and Textiles (New Zealand delivery) .. 1 10 0 Additional Sales Bank of New South Wales 28 S 0 Commercial Banking of Sydney * .. 18 16 0 National Bank (£10 paid) 12 14 0 Associated Net/s .. ;. 0 17 10 Burns Philp .. .. .. .. 2 10 3 2 6 3 2 11 6 1 8 74 3 11 0 1 2 u 4 0 0 Imperial Chemical Indus1 2 3 1 10 3 Australian Consolidated In1 15 9 0 13 6 United Provisions .. .. 0 8 2 2 0 0 44 17 6 0 15 6 Felt Textiles (New Zealand 1 10 0 1 7 9 Carpenter (New Zealand 2 1 9 Standard Cement .. 1 2 6 Electrolytic Zinc .. 2 3 9 (pref.) 2 13 0 0 8 11 Zinc Corporation .. 4 2" e Broken Hill Proprietary .. 3 1 9 (new) 0 16 3 North Broken Hill .. 2 5 0 South Broken Hill .. 1 6 0 MELBOURNE, Aug L 9._ Bank of Australasia .. 8 5 0 E.S. and A. Bank .. 4 7 0 National Bank (£10 paid) 12 13 0 Australian Consolidated In1 15 74 Electrolytic Zinc .. 2 9 0 3 10 9 0 19 0 North Broken Hill .. .. 2 5 3 South Broken Hill .. .. 1 5 9 1 5 4 0 10 2

August 8 . .. 1763 August 4 . .. 1763 August 3 .. .. • . .. 1762 August 2 .. .. . . .. 1763 August 1 .. .. • . .. 1763 July 31 . .. 1762 July 28 ...... . .. 176J July 27 ." .. 1763 July 26 . .. 1762 July 25 .'.. .. . . .. 1763 July 25 .;.... . .. 1763 July 24 .... . ... 1763 July 14 .. .'. . . .. 1762 July 7 . .. 1762 July 3 . .. 1763 June 30 . .. 1762 June 1 . .. 1763 May 31 . .. 1762 May 1 . • .. 1762 April 28 . .. 1762 April 3 . .. 1763 March 31 . .. 1762 March 1 . '.. 177 February 27 ,. . . .. 177 • February 1 ... . . .. 177 January 31 .. . . •.. 177 January 5 .. . . .. 17711-16

(By Electric Telegraph—Copyngh.j RUGBY, Aug. 8. ParisPar Aug. 5. Aug. 8. Francs to £1 121.21 176 23-32 176 23-32 Brussels— Belgasto £1 30 27.553 27.55! OsloKroner to £ 1 18.180 19.90 19.901 StockholmKroner to £ 1 18.150 19.41 19.39 Copenhagen— Kroner to £1 18.150 22.40 22.40 BerlinMarks to £1 20.34 11.661 11.66} Montreal — Dollars to £1 4.86 2-3 4.68 1-: 12 4.781 New York— Dollars to £1 4.86 2-3 4.881 4.681 YokohamaPence to yen 84.582 14 14 Hongkong— Pence to dollar 24.58 HI 14 11-16 Bombay— Pence to rupee — 17 5-H ! 17 5-16 Batavla — Florins to £1 12.10 8.761 8.79 MilanLire to £1 82.46 89 89 Amsterdam— Guilder to £1 12.107 8.7Tg 8.791 Prague*— Kroner to £ 1 104ft 1371 137| Geneva — Francs to £1 25.221 20.731 20.741 Vienna — 'Schillings to £1 84.861 — — Helnlngfors— Marks to £ 1 193.28 227 <227 , MadridPesetas to £ 1 25.221 421 421 Belgrade— Dinars to £1 25.221 210 210 AthensDrachmas to £1 375 5471 . 547} • Lisbon— Escudos to £1 110 1101 1101 Bucharest — Lcl to £1 931.0 660 660 Rto de JaneiroPence to mllrels .. 5.890 * J * 28 Buenos AiresPence to pesos 47.22 20.191 20.191 Shanghai*— Pence to tael — 41 4| Montevideo — „ Pence to pesos — 181 181 Warsaw — Zlotys to £1 — 24.87 24.87. * Nominal.

£1 N.Z. to £100 Buying. Selllng. stg. .. T.T. 124/7/6 125/-/-O.D 123/18/9 124/19/8 Australia — £ A to £100 N.Z. T.T. 100/-/-O.D. 100/-/-FIJI— £F to £100 N.Z. T.T. 90/-/-88/12/6 O.D. 90/-/-88/12/6 New York— Dollars to £ N'.Z. T.T. 3.7743 3.7310 O.D. 3.7793 3.7320 MontrealDollars to £ N.Z. T.T. 3.7718 3.7318 O.D. 3.7805 5.7328 Belgium— Bclgas to £ N.Z. T.T. 22.262 21.952 O.D 22.337 21.957 Czechoslovakia— Korunas to £ N.Z T.T. O.D. _ Denmark — Kroner to £ N.Z. T.T. • 18.140 17.830 O.D. 18.200 17.832 FinlandMarks to £ N.Z. T.T. 184.85 179.05 O.D. 185.23 179.15 FranceFrancs to £ N.Z. T.T. 142.97 140.47 O.D. 144.22 ' 140.49 Germany— Helchsmarbs to £ N.Z T.T. — 9.265 O.D. — .- 9.267 Greece— Drachmae to £ N.Z. .. T.T. — 429.20 O.D. — 429.35 HollandFlorins to £ N.Z. T.T. 7.232 7.082 O.D. 7.272 7.084 Italytire to £ N.Z. T.T. — 70.94 O.D. — 70.96 JaTa— Florins to £ N.Z. T.T. 7.130 6.980 O.D. 7.17.0, 6.982 Norway— Kroner to £ N.Z. T.T. 46". 129 ■ 15.83A O.D. 16.189 13.842 Noumea— Francs to £ N.Z. T.T. 145.47 138.72 O.D. 146.97 138.76 Papeete— Francs to £ N.Z. T.T. 144.87 138.87 O.D. .146^7 138.91 .-. Sweden— Kroner to £ N.Z. T.T. 15.788 15.443 • O.D., .15.778 ' 15.446 Switzerland— , Francs to £ N.Z. • ■T'M,'f : 16.781 16.551 O.D; .. 16:881 • ' "16-.514 Chef oo— N.Z. pence to 1 dollar .. .'»..'• T.Ti O.D. _ ' __ ■ Hongkong— N.Z. pence to 1 dollar .. .. T.T. 181 181 O.D. 18 3-32 18} India and Ceylon— N.Z. pence to 1 rupee .. .. T.T. 22 9-32 22 9-16 O.D. 221 22 9-16 Japan— N.Z. pence to 1 T.T. _ 17 37-61 O.D. — 17 37-64 Manila— N.Z. pence to 1 T.T. 31 33-64 32 7-32 O.D. . 81 27-64 32 7-32 Shanghai— N.Z. pence to 1 dollar ... .. T.T. O.D. — - Singapore— N.Z. pence to 1 dollar • • • * T.T. 34 51-64 35 9-32 O.D. 34 45-64 35 9-32 South Africa— s £1 N.Z. to £100 stg. .. .. T.T. 123/4/3 124/17/O.D. 124/17/All rates subject tc i alteration without notice.

notice. U.S.A. (Per £1 N.Z.) Dols. Canadn. (Per £1 N.Z.) Dols. Selling— T.T. .. O.D. .. .. 3.72 1-16 .. 3.72 5-16 3.72i 3.72| Buying— O.D. .. .. 3.77? 3.78J

£ s. d. £ s. d. Copper, spot 44 15 7) Rise 0 13 Copper, forward 44 18 11 No change Electrolytic, spot 50 5 0 No change Electrolytic, forward 51 5 0 No change Wire bars .. 51 5 0 No change Lead, spot .. 16 4 41 Rise 0 1 10) Lead, forward .. 16 4 4i Rise 0 3 11 Spelter, spot .. 14 11-101 Rise 0 13 Spelter, forward 14 16 101 Rise 0 13 Tin, spot .. 229 18 9 No change Tin, forward .. 225 7 6 Fall 0 3 9 Oz Silver, standard 16£d Rise 3-16d Silver, fine 18 3-16d Rise 3-16d

LONDON, Aug. 8 £ s. d. August 8 A . . .: 7 8 6J August 5 ..-■•;.. .. 7 8 6£ August 4 .. .. .. 7 8 6i August 3 ..... .. 7 8 6i August 2 , .. ..... 7 .8 6i August 1 ,. .". .. 7 8 6i July 31 .. .. .'.'- 7 '• 8 6h July 29 ..'.; .•. 7 8 6i July 28 ■ ,. .. •.. 7 8 6J July .27 .•".-.. .'. 7 8. 6J July 26 .. .. .. 7 8 64 July 25 .7 8 6 July 24 .. .. .. 7 8 5J July 21 .. .. ;.'•'7' 8 6J July 20 ,. '...- .. -7 8 6i July 19 .. .. .. 7 8 -5J July 18 .. .... 7 8 5}July 17 , 7 8 6