COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3870, 15 May 1928, Page 22

COMMERCIAL CABLEGRAMS.

BANK OF ENGLAND RETURN. LONDON, May 10. The following is the Bank of England return: —- ISSUE DEPARTMENT.

The proportion of reserves to liabilities is 40.70 per cent. Short loans are quoted at 34 per cent., and three-months’ bills at 3 31-32 per cent.LONDON STOCK EXCHANGE. LONDON, May 10. The following are the latest quotations toi Government securities, compared with the price?

FOREIGN EXCHANGES. LONDON, May 10.

LOAN AND MERCANTILE DIVIDEND. LONDON. May 11. The New Zealand Loan and Mercantile has declared an interim dividend of 3 per cent. P. AND 0. DEFERRED STOCK. LONDON, May 10. P. and 0. Deferred Stock is quoted at £250. PRICE OF FINE GOLD. LONDON, May 11. Fine gold is quoted at £4 4s Hid COMMONWEALTH LOAN. NEW YORK, May 7. The J. P. Morgan Company is offering for public subscription to-morrow •50,000,000d0l worth of Commonwealth bonds, at 4£ per cent, at 92J for 28 The 44 per cent, rate for the new Commonwealth loan is not only the lowest at which Australia has borrowed here, but it is only the second time since the war that any foreign Government has been able to obtain that rate. The flotation of the loan at this time confirms the reports in February that Australia is ready to enter the American market for further financing. It is believed here that the fact that stocks of the recent Commonwealth £8,000.000 loan in London are now selling at a premium of 1 per cent, is in no small part responsible for the rate at which to-morrow’s issue will be offered here. The usual group of affiliated Morgan bankers compose the syndicate offering this loan, namely, the National CityBank, the First National Bank, the Guaranty Company, and the Bankers’ Trust Company, although the Harris Forbes Comnany, Brown Brothers, Kidder and Peabody, and Lee and Higginson are also included.

THE NEW ZEALAND LOAN. LONDON, May 9. Commenting on the cabled advice from New York of the flotation of the Commonwealth loan of £10,000,000 at 924, financial circles declare that the New Zealand loan was floated here at much better terms. Moreover, as it was oversubscribed, the deduction is permissible that sufficient money’ for the Commonwealth loan on the same terms as the New Zealand one woidd have been available here. LONDON METAL MARKET. LONDON, May 7. Copper: Spot, £6l 8s 9d; forward, £6l 13s 9d. Wire bars, £67. Lead: Spot, £2O 6s 3d; forward, £2O Ils 3d. Spelter: Spot, £26 6s 3d; forward, £25 17s 6d. Tin: Spot, £232 17s 6d; forward, £231 17s 6d. Silver: Standard, 27d; fine, 29 1-Sd per oz. SALE OF BALDWIN’S LIMITED. LONDON, May 11. In consequence of the depression in the-heavy steel trade, Baldwin’s, Limited, has sold the heavy mill-rolling gear at

Margan Works, Pqrt Talbot, which was | erected during wartime. It has been sold for re-erection in Australia by a new company’ which is being formed there. According to Swansea advices, Baldwin’s and Dorman and Long are interested in tb.e new company, and also llosking’s. The company will have a capital of £5,000,000, and it is to be known as the Australian Iron and Steel Company. INDIAN TEA SEASON. CALCUTTA. May 6. The Indian Tea Association has cabled to Lendo.i stating that the weather is abnormally dry in all districts, and rain is badly wanted. All garden managers are complaining of the drought, which is likely to make this a late tea season. BUTTER AND CHEESE. LONDON, May 10. Butter js in slightly better demand. Danish. 1765; choicest salted, New Zealand, 162 s to 1645, exceptionally good, 1665; Australian, 154 s to 1565. Unsalted—New Zealand, 168 s to 1745; Australian, 1565. Cheese is steady. New Zealand, 96s to 98s; Australian, 94s to 955. THE BARRABOOL’S APPLES. , LONDON, May 9. rhe BarrabooFs shipment realised:— South Australian Jonathans, 10s to 12s 6d; Ribstons, 9s 6d to Us 6d; Reinettes, 10s to Us; London Pippins. 10s 6d to Us Od; Alfristons, 9s 6d to Ils. PEARS AND APPLES. LONDON. May 11. Pears are in active demand, as the South African supplies were finished. The Comorin’s Tasmanian trays of Winter Coles realised 4s -6d to 5s Gd; Bosos, 5s to 6s 6d and Comice, 6s to 8s Gd. Victorian boxes of Nelis, Josephines, and Bosch brought 18s to 20s; Clairgeau, 12s to 14s; and Viscars, 10s to 12s. New Zealand trays of Nelis brought 4s to 6s; Josephines. 4s 6d to 6s; 80-os, 4s 6d to ss; and Barry, 3s to 3s 6d.ZINC PRODUCERS. BRUSSELS, May 7. Representatives of the leading zinc producers have decided to form a European cartel to control production and arrange for curtailment when necessary in order to equalise the market. Overseas producers will be invited to co-operate, leading eventually to a world combine. Questioned at the end of the meeting, the British and German delegates expressed satisfaction at the result; they had not expected that so much would be done. Now only the question of details remain to be settled. LONDON TALLOW MARKET. LONDON. May 9. The tallow sales were not held owing to the limited supplies. Messrs Dalgety and Co.. Ltd., advise having received the following cablegram from their head office, London, dated May 9: —The tallow market is quiet and unchanged. GRANULATED SUGAR.

LOX PUN Granulated sugar is quoted at 28s 3d. LONDON WHEAT MARKET. LONDON. May 8. Wheat. —Cargoes are dull, with quotations mostly 3d to 6d lower, but buyers are unwilling to operate pending the Canadian and American official crop reports. Parcels are inactive at 3d to 6d decline. Liverpool Futures. —Mar. 10s 11 1-Sd; July. Ms 2 5 8d; October. Us 4 l-8d — Australian Press Association—United Service. May 9. Wheat: Cargoes are steadier owing to the Labour troubles in Argentine, and advanced 3d to 6d. Buyers are inactive. Parcels are inactive and unchanged. Liverpool futures: Mav, 10s 114 d; July, Ils 3 38d October, Us 5 3-Bd. BRADFORD TOPS MARKET. LONDON. May 7. The Bradford market is marking time, awaiting the London opening. May 10. Bradford is dull, spinners being very quiet. Quotations: 64’s, 53-ld; 60’s, 51d; 56's, 42d; 50’s. 32d; 46's, 27d; 40’s, 254 d. armstrongTwhitworth COMPANY. LONDON, May 11. A meeting of the Sir W. G. Armstrong, Whitworth Company, Ltd., adopted the report and balance sheet, which showed a net loss for the vear of £527,953. Lord Southborough, presiding, said that the provision made for losses on contracts aggregated £364,473. including £251,973 in respect to civil engineering. The losses were mostly in connection with New Zealand contracts. The battleship Nelson resulted in a substantial loss, regarding which discussions were taking place with the Government departments. He hoped that the company’s claims would meet consideration, to which he believed it was fully entitled. THE LEAD MARKET. LONDON, May 11. The lead imports total 28,018 tons, and the exports 2347 tons.CHICAGO WHEAT MARKET. NEW YORK, May 9. NEW YORK, May 11. Chicago wheat: May, 153 J cents per bushel; July, 153 J; September, 152 J. LONDON MARKETS. LONDON, May 10. Wheat: Cargoes are dull and declined 3d, but part of the Nuddea cargo sold at 56s 6d; parcels were offered and

showed a smiliar drop, buyers not being attracted.

Liverpool futures: May, 10s lOJd; July, Ils 2|d; October, Ils 3 7-8 d; spot trade is quietly steady—Australian, ex store, 58s. N Flour is firm—Australian, ex store, 39s 9d. Oats are firm—Australian Algerians 355, A Gartons 37s to 395. Peas: Blue are firmer; Tasmanian, 400 s to 4205; New Zealand, 380 s to 400 s. Maples are steady—Tasmanian, 80s to 925; New Zealand, 72s Gd to 745. New Zealand beans, 36s to 395. The Otago Farmers’ Co-operative Association of New Zealand, Ltd., has received the following cable from its London office:—Butter market firm with rather better inquiry; 163 s to 1655. Cheese steady; 96s to 975. Lambs: Trade slower, but tone good. Mutton firm. Messrs Dalgety and Co. have received the following cablegram from their head office, London, dated May 11: — Dairy produce: The butter and cheese markets are steadier; at present there are no stocks of Canadian white or coloured cheese. Quotations are as follows: —Danish butter, 178 s to 180 s; New Zealand finest butter, 162 s to 1645; New Zealand finest exceptional butter, 1665; Australian finest unsalted, 152 s to 1545; Australian finest salted, 152 s to 1545; Australian choicest, 1565; Australian g.a.q., 148 s to 150 s; Australian cheese, white and coloured, 93s to 955; New Zealand cheese, white and coloured, 96s to 975; New Zealand cheese, exceptional, 98s. Frozen meat: Lamb and mutton demand quiet; value nominally unchanged, market tendency is in favour of buyers. New Zealand pork: No improvement in demand; market nominal. Beef market quiet owing to heavy supplies of Home killed. LONDON, May 12. * 1 Cotton: Juno. ll.lOd per lb. J Rubber: Para, 104 d; Plantation, smoked, B£d. Jute: May-June, £34 ss. Hemp: April-May, £3l 10s. Copper: April-May, £27. 1 Linseed oil, £3l 15s. ' Turpentine, 40s 6d. Sheep: Canterbury, heavy, Gd; North Island, heavy, 5Jd; Patagonian, light, medium s|d; ewes, sd. Lambs: Australian, first—other States, SJd; seconds—Victorian, 85d; Argentine, firsts, light, Sgd; Patagonian, firsts, light B.?d, medium BJd. Frozen beef: New Zealand, hinds, s|d; Australian crops, 3 11-16 d, hinds 5Jd. No Argentine hinds were offering. Chilled Argentine hinds, 71d. Other meats were unchangedLONDON WOOL SALES. LONDON, May 8. The wool sales opened with brisk competition. Fine crossbreds and slipes were a shade easier. Other sorts were little changed. New Zealand greasy crossbreds sold mostly to Home buyers, the prices ranging between ISd and 264 d, the latter price being for halfbred 58’s. There were frequent withdrawals. Finest halfbred lambs. C.M.C., and Eclipse realised 31d. May 9. At the wool sales 8068 bales were sold, of which 3764 were Australian and 4304 Xew Zealand. There was a good selecI lion of merinos and spinners’ descriptions, I and a good average offering of greasy I crossbreds and slipcs. Competition for all I sorts was keener than yesterday. Prices were unchanged. New Zealand sales:— Mount Fortune, 27-ld to 26d: Howard, I 251 d; Ara. 21d and 20d. May 10. At the wool sales, 7100 bales were offered, of which 4389 were Australian and 1951 New Zealand. There was a miscellaneous selection of all classes, principally second-hand, and good general competition. Prices were unchanged. New Zcalands—Acland, 261 d. 234 d; Totargi, 22d, 20Jd; V/hare, 20d, 17Ad.May 11. At the wool sales 9660 bales were sold, of which 5051 were New Zealand and 1698 Australian. There was a miscellaneous selection of merinos, and a moderate offering of greasy crossbreds, mostly second-hands. There was an excellent selection of slipes. Good general coinpetii tion prevailed at late rates. New Zealand sales: Urcot. 24d and 23d; Hiku, 2Hd to 20d; Wandc, 25d and 19Jd.Messrs Murray, Roberts, and Co., Ltd., have received a cablegram from their London agents, dated May S. reading as follows:—Sales have opened; large attendance of buyers: competition good; Bradford principal buyers; poor selection offered. Greasy merino inferior, markeJ , par to 5 per cent, decline: greasy merino) > other descriptions, and scoured merino, market shows no change; crossbred greasy fine, declined 5 per cent.; crosbred greasy • medium, market par to 5 per cent, de- > cline; crossbred greasy coarse, _none offeri ing: slipe crossbred, declined 5 per cent.; ; crossbred scoured, market shows no - change. , Messrs Dalgety and Company. Ltd., adi vise having received the following cable--1 gram from their head office. London, t dated May 8: —Wool sales opened with 3 fair competition, large attendance and a miscellaneous selection; as compared with closing rates of last scries—merinos, change, if any, is in favour of buyers; halfbreds, fine, par to Id lower; crossbreds. medium and coarse, unchanged; i slipes, fine. Id to lid lower; slipes, other descriptions, par to Id lower. The Bank of New Zealand has received the following advice from its London office, dated May 8: —The sales have opened with fairly good competition and large attendance" of buyers. There is no quotable r change in prices with the exception of slipes, which are reported Id cheaper. The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from its London Louse 1 dated May B:—The opening catalogues 1 were fairly representative. There was a 1 full attendance at the opening of the

sales to-day, competition by Home and Continental buyers being good, and prices as compared with the close of preceding series ruled about the same for merino and crossbred greasy; par to 5 per cent, lower for crossbred slipe. Messrs Murray, Roberts, and Co., Ltd., have received the following cable from their London agents, dated May 9:— Market shows a hardening tendenev; increased competition compared with the closing rates of last London sales. The coarse crossbred market shows no material change. Messrs Murray, Roberts, and Co., Ltd., lare in receipt of a cable from their London agents, dated May 11, giving quotations as under:—6o/64’s, New Zealand merino, yielding 48 per cent.. 24d; 56’s, yielding 60 per cent., 25 Jd; 50'b, yielding 65 per cent., 23d;44/46’s, preparing, yielding 74 per cent., 19 Jd; 44/46’s, carding, yielding 72 per cent., I9d; 40/44’s, yielding 73 per cent., 18Jd; 36/40’s, yielding 75 per cent., none offering. COLONIAL SUGAR COMPANY. . SYDNEY, May 9. At the adjourned general meeting of shareholders of the Colonial Sugar Refining Company, the_ Chairman announced that the ballot of shareholders in connection with the proposed alteration of the company’s articles resulted in a majority -of 111,209 in favour of the amendment. AUSTRALIAN MARKETS. MELBOURNE, May 10. Hides are irregular. Kips and lights are unaltered, while others are id to id lower. SYDNEY, May 10. Wheat: Growers’ bagged lots at country stations, ss, 5s Old: ex truck, Sydney, 5s 7|d, 5s Bd. Flour: The export trade is lifeless; local, £l3 15s. X Bran, £7. \ Pollard, £B. Oats: Tasmanian-Algerian, 4s 6d to 4s 9d; white, 4s 8d to 4s lOd. Maize, 4s 3d. Potatoes: Tasmanian, £5 10s to £8 10s. Onions: Victorian. £lO. ADELAIDE, May 10. Wheat: Growers’ lots, 5s 7Ad to 5s 81d. Flour: Bakers’ lots, £l4. Oats, 3s 3d. DOMINION RUBBER COMPANY. The Secretary of the Dominion Rubber Company reports that he is in receipt of a cable message from the estate advising that the crop of rubber harvested for April was 33,0001 b. BYCROFT, LTD. AUCKLAND, May 9. The annual report of the directors of Messrs Bycroft, Ltd. (motor cycles and general engineers), for the year ended March 31, just issued, expresses the view that, “ Despite some depression in the Dominion, the results will be quite satisfactory to shareholders.” The report proceeds as follows:—“The amount transferred to the profit and loss appropriation account will permit the paying of a dividend on the lines followed in recent years, and will leave a substantial balance in the account. Ample provision has been made for income tax appropriation, whilst recognition is made of the necessity for providing for changes in types and values of machinery and plant. In addition to making proper allowances to keep the book values of the buildings on a correct basis, the board recommends to shareholders that a dividend of 8 per cent, for the year be declared, of which one-half was paid in November last.” The following were the net profits obtained during the past five years:—l924 £6952; 1925, £9481; 1926, £9462; 1927 £9018; 1928, £10,286. BRETT PRINTING COMPANY. [ DIVIDEND OF 10 PER CENT. AUCKLAND, May 9. file eighth annual meeting of shareholders of the Brett Printing and Publishing Company was held this morning. The directors’ report stated that the staff superannuation fund came into operation on April 1, 1927. The company’s contribution to the fund for the 12 months ended March 31 was £3574. The Chairman (Mr W. C. Leys) said the various publications of the company had shown good results over the period under review. While it could not be definitely determined what effect an opposition paper had had on the advertising revenue, there was one important aspect that could be discussed with certainty, and that was the question of circulation. ■*- A“ e Auckland Star had felt the effect of The opposition in this vital matter only to a negligible extent. There was originally very little loss of circulation, and it was pleasing to be able to state that during the past six months there had been the normal increase in circulation that would be legitimately anticipated were there no opposiiton evening paper in the field. A dividend of 10 per cent, and a bonus of 21 per cent, was declared. DUNEDIN BREWERY COMPANY. At the second annual general meeting of shareholders of the Dunedin Brewery and Wilson Malt Extract Company, Ltd., a dividend at the rate of 6 per cent, was declared for the year ending February 29, 1928. Mr J. G. D. Dempster was re-elected a director, and Messrs James Brown and Co. were appointed auditors. DENTAL AND MEDICAL SUPPLIES The annual report of the directors of the Dental and Medical Supply Company. Ltd., states that a net profit has been made on the year's working of £2510 16s 9d, compared with £352 12s Id for the previous year. Ample provision has been made for bad and doubtful debts, and stocks have been well written down, ihe net profit for the year, together with

the balance brought forward, £665 17s 4d, makes a total of £3176 14s Id. The directors recommend the payment of a dividend of 5 per cent., absorbing £2889 18e, and leaving a balance of £286 16s Id to be carried forward. LARGE SHIPMENT OF BUTTER. THE NIAGARA’S CARGO. AUCKLAND, May 8. A shipment of butter, totalling 8532 boxes, was taken from Auckland by the which sailed for Vancouver. Of this amount, 5050 boxes will go to Shanghai, 900 boxes to Victoria (British Columbia), and 1202 boxes to Honolulu. The vessel also carried 3000 crates of cheese for Vancouver and Victoria, in addition to a quantity of frozen beef and lamb for Honolulu. EXPORT OF HONEY. LARGE SHIPMENT FROM AUCKLAND. AUCKLAND. May 11. The produce loaded on the liner Mamari at the Queen’s wharf to-day included a consignment of 1060 cases (approximately 58 tons) of honey. The shipment represents part of 3000 cases delivered in Auckland during April and graded this month. To illustrate the extent of the industry a film will be produced by the' Government Publicity Department, showing nine horse-drawn lorries and a motortruck proceeding from the Honey ExportControl Board’s premises in Stanley street to the wharf. So far this season 2020 cases have been shipped from Auckland to London for distribution in Great Britain and on the Continent, so that the production in Auckland this season has already amounted to <■>ooo cases. The total should amount to about 7000 cases (or 380 tone) for the season, which has been an excellent one for honey production. BURNS, PHILIP, AND CO. Messrs Burns. Philp, and Co., Ltd., disclose a net profit of £221,612 for the year ended March 31, compared with. £204,589 for the previous year. In the interval the paid-up capital has increased by £125,000. A dividend of 2s per share, equal to 10 per cent, on the present capiaccounts for £150,000," a sum of £75,000 is carried to reserve, making that fund £650.000. and £20.086 is carried forward, against £23,474 brought into the account. Gross profits were £36,372 higher, expenses increased by £5019, and the amount allowed for depreciation is higher by £14,330. It is proposed to pay a dividend half-yearly, commencing with the financial year now current. COMPANY REGISTERED. The registration of the undermentioned company is reported in the Mucantiie Gazette:— liyoli Cake Shop. Ltd. Registered as a private company, May 2, 1928. Capital: £4OO, into 400 shares of £1 each. Subscribers: Dunedin—P. Balfour 225, W. Davidson 125, H. 11. Walker 50. Objects: To carry on in Dunedin or elsewhere the business of tea room proprietors, provision merchants, mineral water manufacturers, and general incidental. TRUSTEES, EXECUTORS, AND AGENCY COMPANY. The forty-ninth annual report of the directors of the Trustees, Executors, and Agency Company has been issued. The profit and loss account shows a net profit for the year of £3028 7s 7d. With the addition of the balance, carried forward, of £3249 Is 4d, there -is a total credit of £6277 8s lid. An interim dividend of 5 per cent., absorbing £5OO, having been paid for the half-year, the balance remaining to be dealt with is £5777 8s lid. The directors recommend the payment of a dividend of 21 per cent, (making 5 per cent, for the year, and absorbing £500) and a bonus of 3 per cent, (absorbing £600). They recommend further that £7O 15s be written off freehold proper tv account and £B2 8s 6d off office "furniture and stationery, leaving £4524 5s 4d to be carried forward. DAIRY PRODUCE. The National Mortgage and Agency Company has received the following cablegram from Messrs A. J. Mills and CoLtd., London:—Butter: Market firm. European production backward owing to cold weather; New Zealand. 164 s to 1665, may improve a little. Danish, 176 s to 178 s; Australian, 152 s to 1565. Cheese: Quiet, but steady. New Zealand, 97s to 98s. Canadian offerings are small at present. N.Z. LOAN AND MERCANTILE AGENCY COMPANY. DECLARATION OF DIVIDENDS. WELLINGTON, May 11. The New Zealand Loan and Mercantile Agency Company, Ltd., advises that interim dividends have been declared at the rate of 2| per cent, on the 5 per cent, cumulative preference stock, 3} per cent, on the 6J per cent, cumulative second preference stock, and 3 per cent, on the ordinary stock, all less English income tax. DAIRY PRODUCE. The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from its London house, dated May 9: —Butter: New Zealand choicest salted, 1645. Cheese, 975. Markets are steady.

Note circulation Notes in reserve .... . . £135.219.000 44,858,000 £180,077,000 Government debt £11.015.000 Other securities 8.735.000 Gold coin and bullion .. . . 160,327,000 £180,077,000 BANKING DEPART! TEXT. Proprietors’ capital . . . . £14.553.000 Rest 3.714.000 Public deposits 13.075.000 Other deposits 100,782.000 Seven day and other bills . 5,000 £131,589,000 Government securities . . .. £29.457.000 Other securities 55.695.000 Notes in reserve 44,858.000 Gold and silver coin .. .. 1,570,000 £131,589,000

ruling last week; — Lost week. This week £ s. d. £ 3 d Imperial Consols, 24 pc. ... 56 10 0 56 12 6 War loan, 5 n o. 1929-47 ... 101 0 0 100 17 6 Conversion loan, 3', p.c. ... 17 6 77 15 0 C'wealtb 6 p.c., 1931-41 ... 100 12 6 100 17 6 C’wealth loan ... 102 0 0 102 10 0 N.Z 6 p.c., 1936-51 ... ... 108 0 0 108 0 0 N’.Z 4 p.c., 1929 ... 93 15 0 93 15 0 N-Z. 3J p.c., 1940 ... 88 5 0 88 6 N.Z. 5 p.c., 1945 ... 78 15 0 73 17 6 N.S.W. 6J p.c.. 1930-40 ... 99 15 0 10-0 0 0 N.S.W. C p.c., 1930-40 ... 102 10 0 102 7 6 N.9.W. 5J p.c., 1922-32 ... 100 12 6 100 11 3 N-S.W. 4 p.c.. 1933 ... ... 93 0 0 94 0 0 N.3.W. 34 p.c.. 1930-50 ... 85 10 0 85 10 0 N.S.W. 3 p.o., 1935 ... ... < 0 11 3 76 0 6 Via. 54 p.c. 1930-40 ... ... 100 10 0 1O0 10 0 Vic. 5 p.c., 1932-42 ... ... 97 17 6 97 17 6 Vic. 34 p.c., 1929-49 ... •*. 77 10 0 77 10 0 Vie. 3 p.c., 1929-40 ... ... 72 8 9 <2 6 3 Q’lancl 3 p.c., 1922-47 ... ... 102 0 0 101 17 6 Q’lanO 3.J p.c., 1930 ... ... 96 10 0 96 12 6 Q’land 6 p.c., 1930-40... ... 71 5 0 71 2 6 S.A. 64 p.c.. 1930-40 ... ... 162 10 0 102 8 9 8. A. 34 p.c., 1939 ... 85 / 6 85 10 0 S.A. 3 p.c., 1916 or alter ... 61 2 6 61 10 0 W.A. 6 p.c.,1930-40 ... ... 101 17 6 102 0 0 W.A. 34 p.c., 1920-35 ... ... 88 17 6 88 10 0 W.A 3 p.c., 1915-35 ... ... 85 15 0 85 17 6 Tas. 64 p.c., 1930-40 ... ... 103 10 0 103 7 6 Tas. 34 p.c., 1920-40 ... ... 85 2 6 85 10 0 Tas. 3 p.c., 1920-40 ... ... 81 10 0 81 0 0

Par. May 7. May 10. Paris, fr. to £1 25.22J 124.02 124.02 Brussels, bc-lgus to £1 25 34.95 34.96 Oslo, kr. to £1 1S.81 18,23 18.23 Stockholm, kr. to £1 18.105 13.20 18.20 Copenhagen, kr t :o J 11... 18.150 18.20 18.20 Berlin, reichmkn. tc £1 S.19 20.40 20.40 Montreal, dol. to £1 4.45 4.88 1-32 4.88 3-16 New York, dol to £1 4.86} 4.88 3-32 4.88 1-32 Yokohama, pence to yen 24.43 23 1-16 22 J Hongkong, pence to dol 24.3 24.5-32 24} Calcutta, nonce t< ) rupee 24 IS 18 1-32 Batavia, guild to £1 ... 22.221 12.10.J 12.11J Home, lire to £] 25.221 92.63 92.63 Amsterdam, guild to > £1 12.107 12.90} 12.09} Prague, knr. to £1 12,107 164} 164 11-16