COMMERCIAL

Southland Times, Issue 22914, 12 June 1936, Page 3

COMMERCIAL

SHARE MARKET INVERCARGILL STOCK EXCHANGE A GOOD INQUIRY There was a good all-round inquiry at yesterday’s call-over on the Invercargill Stock Exchange, almost every line being represented in the quotations. A parcel of Mount Lyells changed hands at £1 4/4. Prices were quoted as follows:— Government Debentures.

Sale Reported. Mount Lyells, £1 4/4. NORTHERN EXCHANGES SALES ON ’CHANGE AUCKLAND.

THE RESERVE BANK ASSETS AND LIABILITIES (United Press Association.) Wellington, June 11. A Gazette issued to-night contains a statement of the assets and liabilities of the Reserve Bank of New Zealand, as at the close of business on June 9:— LIABILITIES.

Proportion of reserve (No 7, less No. 5) to notes and other demand liabilities, 96.715 per cent. WYNDHAM STOCK SALE RECORD ENTRY OF FAT SHEEP. An entry of over 2000 fat sheep and lambs at yesterday’s fortnightly stock sale at Wyndham constituted a record for the yards. This yarding was made up almost entirely of lambs which growers sent forward to catch the last market before the closing of the freezing works next week. In the majority of cases the quality was good and fieezing buyers made keen competition along with butchers. Prices were governed by the freezing schedule, but the limits did not appear to be greatly restricted and values were firm. Extra heavy lambs realized up to 26/-, a truck load offered by the estate of the late James Donald, of Edendale, changing hands at this figure. Prime heavy sorts realized, from 23/- to 25/- and lighter sorts down to 20/-, with unfinished quality down to 18/-. Wethers sold up to 26/- and ewes to 13/6 The cattle entry was not so large as a fortnight ago, and consisted mostly of steers, for which values were about on a par with recent markets. A dispersal of Mr David McDonald’s (Wyndham Ridges) dairy herd attracted considerable interest and prices ranged from £2 to £6 10/-, with an average about £5. Sales were as follows:—. National Mortgage and Agency Co., Ltd.: 42 lambs at 18/ •; 14 wethers at 26/3; 20 lambs at 20/-, 99 at 22/9, 134 at 21/9, 84 at 21/-. 65 at 22/9, 21 at 16/-; 1 empty cow at £5 7/6, 1 at £3 10/-, 2 at £3 2/6, 1 at £4 17/6, 2 at £4 12/6, 2 at £4 2/6, 1 at £4 17/6, 3 at £1 7/-. Henderson and Co., Ltd.: 7 lambs at

20/6; 13 ewes at 9/6; 4 lambs at 20/-, 15 at 19/-, 35 at 24/-; 6 ewes at 13/-; 40 lambs at 23/9, 10 at 20/-, 2 at 23/-, 197 at 23/-, 67 at 23/6, 41 at 22/ -, 43 at 21/6; 9 ewes at 12/3, 66 at 23/9; 3 store cows at £1 15/-, 1 at £1 6/-; 1 dairy heifer at £2 10/—; dairy cows at £2 to £6 10/-. Dalgety and Co., Ltd.: 37 wethers at 25/6; 12 lambs at 24/-, 20 at 23/-, 38 at 22/9; 38 wethers at 23/-; 1 empty cow at £3 5/-, 1 at £3, 1 at £2 12/6; 1 store cow at £2 2/6; 6 steers at £2; 5 heifers at £1 12/6, 5 at £1 10/-. Passed in: 14 wethers at 23/-, 10 at 20/-. Wright, Stephenson and Co., Ltd.: 9 lambs at 22/6, 5 at 19/9, 118 at 25/-, 23 at 24/9; 37 wethers at 24/6; 6 lambs at 20/-, 7 at 24/-; 4 ewes at 13/6; 70 lambs at 26/-, 55 at 23/6, 10 ewes at 7/6; 1 store heifer at £1 12/6. Passed in: 35 wethers at 22/9, 101 wether hoggets at 13/3; 1 store bullock at £1 10/-. New Zealand Loan and Mercantile Agency Co., Ltd.: 27 lambs at 19/6, 21 at 19/-; 2 ewes at 11/-; 14 lambs at 22/6; 4 ewes at 11/3; 55 lambs at 21/6, 106 at 23/3; 2 store cows at £3 17/6, 2 at £2 7/6; 1 store heifer at £2 2/6. CLEARING SALE AT KENNINGTON A clearing sale was held on Mainland Brothers farm, which has been sold to Mr G. Hewton, of Invercargill. Despite the wintry weather there was a large attendance. The following are the prices:— 10 gallon cans, 10/- to 15/-; swingle trees, 2/6 to 3/6; three-horse trees 5/to 7/—; four-horse trees, 10/-; trace chains, 2/- per pair; 40-gallon petrol drums, 7/-; Alfa Laval separator, £4; maul, 8/-; hay knife, 4/-; grindstone £2; Kauri troughs, 8/-; tractor wheels, £6 15/-; barb wire, 6/- to 15/- per coil; 48 posts £3 5/-; 80 posts, £4 5/to £4 17/6; six strainers, 35/-; 80 manuka stakes, 12/-; jinker, £4 10/-; single furrow swamp plough, £l5; three furrow Oliver automatic plough, £3O; two furrow light plough, £l4 10/-; drain plough. £8 5/-; potato plough, 30/-; discs, £l4; old set discs, £2; 6-leaf harrows, £5 10/-; BoothMac grass harrows, £4 5/-; chain harrows, £2 10/-; saddle harrows, £2 5/-; grass machine, £5; 30cwt Ford truck, £88; roller, £lB 10/-; spring tooth grubber (International), £l9; Reid and Gray top dresser, £18; truck chains, 10/-; car chains, 2/-; Massey Harris mower, £7; hay rake, £9; reaper and binder, £26 10/-; scuffler, £5; spring cart, £l4; dray, £11; cart saddle and britchen, £4 5/-; collar and harries, 10/- to £1; gig harness, £1; spring cart harness, 37/-; winkers, 9/- to 12/-; leading harness 15/-; riding saddle 17/6; gelding, £26; 3 one-shear Southdown rams, 35/-; 60 f. and f. ewes, 26/-; three lambs, 18/6; 70 dairy cows factory calvers, £2 10/- to £6; one bull, £3 15/-; heifer calves, 30/-. MATAURA SALEYARDS COMPANY THE ANNUAL REPORT. Tire annual report stated:— “The yardings and fees show an increase over last season. This year 23,840 sheep, 540 cattle and two horses passed through the yards. Last year there were 19,640 sheep, 429 cattle, 14 horses and five pigs. Thus an increase of 4200 sheep and 111 cattle is shown. The yard fees amounted to £63 2/10, against £5l 1/6 last year, an increase of £9 1/4. The company began the year with a credit balance of £7O 1/2, which is now reduced to £46 5/-. This is accounted for by improvements and maintenance, costing £65 3/1. These include additions to the shed for a quick lunch counter and improvements to the yard accommodation. The retiring directors are Messrs H. B. Heaps and W. G. Clearwater, both of whom are eligible for re-election. Mr W. D. Shelton is eligible for re-election as auditor. RABBITSKIN SALE A DROP IN PRICES. (Special to the Tinies.) Dunedin, June 11. Wright, Stephenson and Co., Ltd., report having held their fortnightly rabbitskin sale to-day. There was a large catalogue, consisting of 10 tons. A full bench of buyers was present. Owing to restricted limits from overseas and the drop in prices at recent Australian sales, the market was considerably easier for all inferior grades, and does showed a sharp decline. Bucks were keenly competed for at a slightly lower level. The drop in prices is quoted as follows:— Summer and Autumn grades, 3d to 6d per lb; lower incomings and early winters, 3d to 6d; lower Winter does, 9d to 12d; lower Winter bucks, Id to 3d. Following is a range of prices:— Prime bucks, 143 d per lb; prime does, 93d; first winter bucks, 141 d; first winter does, 91ad; second winter bucks, 125 d; second winter does, 83Jd; spotted winter bucks, 113 d; spotted winter does, 69Jd; outgoing bucks, 90d; outgoing does, 53jd; spring bucks, 58d; spring does, 74’d; first early winter bucks, 132 d; first early winter does, 86J.d; second early winter bucks, 112 d; second early winter does, 75Jd; first incomings, 105 d; second incomings, 89d; first late autumns, 92d; second late autumns 761 d; first early autmns, 73d; 2nd early autmns, 59Jd; dawny autumns, 46? d, racks, 39}d; summer bucks, 361 d; summer does, 32)d; winter broken, 52d; autumn broken, 41d; summer black, 30d; autumn blacks. 54d; incoming and early winter black, 75Ad; winter blanks, 84ad; first fawns, 82d; second fawns, 61d. WOOLWORTHS (N.Z.) LTD. INTERIM ORDINARY DIVIDEND. (United Press Association.) Wellington, June 11. Woolworths (N.Z.) Ltd., reports an interim ordinary dividend of 5 per cent, on ordinary share capital, declared payable on July 1.

SYDNEY STOCK EXCHANGE DEMAND FOR INDUSTRIALS. (United Press Assn.—Telegraph Copyright.) (Rec. 8.25 p.m.) Sydney, June 11. A brisk demand for industrial shares caused numerous rises in prices. Tooth’s Brewery and Australian Glass had a large turnover, but banks and bonds were quiet. Sales were:—

SYDNEY PRODUCE MARKETS (United Press Assn.—Telegraph Copyright.) (Rec. 8.5 p.m.) Sydney, June 11Produce is quoted as follows:— Wheat.—At country sidings, 2/111 a bushel, which is equal to about 3/6 ex trucks at Sydney. Flour.—£9 10/- a ton. Bran.—£6 10/- a ton. Pollard.—£6 15/- a ton. Potatoes.—Tasmanian, to £9 a ton; others, £7. Onions. —Victorian Brown, £ll 10/to £l2 a ton. Maize.—Yellow, 4/10 a bushel; white, 5/-. ADELAIDE QUOTATIONS (United Press Assn.—Telegraph Copyright.) (Rec. 8.5 p.m.) ’ Adelaide, June 11. Wheat.—Growers’ lots, 3/4. Flour.—Bakers’ lots, £9 2/6. Pollard.—£6 10/-. Oats.—Algerian, 2/1 a bushel. Barley.—2/- a bushel. FOREIGN EXCHANGES (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, June 10 The following mean closing rates of foreign exchanges were quoted to-day compared with par:—

PROFIT DOUBLED DIVIDEND OF 4J PER CENT. TARANAKI FARMERS’ CO. The accounts of the Farmers’ Cooperative Organization of New Zealand, Limited, Hawera, for the year ended March 31, disclose a net profit of £26,296, compared with £12,572 last year and £10,768 in 1934. The dividend of 41 per cent, is the highest the society has paid since 1922. The dividend was 4 per cent, last year. The sum of £BllO is provided for income tax, the dividend absorbs £9437 and with the balance brought forward of £4638 the sum of £22,824 is available. The directors propose transferring £3500 to general reserve, £5OO to insurance reserve and £lOOO to property account. From the balance of £8387 it is proposed to pay a staff bonus of 2| per cent, and carry the remainder forward. The directors report that the society was never in a better position to take advantage of any improvement in general conditions. The turnover of the society has shown considerable improvement in the past year.

DOMINION BREWERIES LTD. FIRST DIVIDEND ANNOUNCED. (United Press Association.) Auckland, June 11. Dominion Breweries Ltd., recommends a dividend of 6£ per cent, on ordinary shares and at the rate of 6J per cent, per annum on preference shares for the year ended March 31. This is the first dividend paid by the company, which began operations in 1931. HICKMOTT’S BREWERY SALE TO CHRISTCHURCH SYNDICATE REPORTED. (United Press Association.) Christchurch, June 11. It is reported that a Christchurch syndicate will shortly take over Hickmott’s Victoria brewery at a price near £20,000. New Zealand Breweries, Ltd., is not a party to the deal. The change will date from July 20. No official announcement has been made, but Mr S. W. Hickmott said this morning that the brewery would probably be known in future as Ballin Brothers’ brewery, and it was proposed to make radical changes. One suggestion was that a plant should be installed for the manufacture of clear beer. DAIRY PRODUCE LONDON MARKETS. ADVANCE IN BUTTER. The following report on the London dairy produce markets has been received from A. H. Turnbull and Co., Ltd., Christchurch:— The butter market has made one of the most satisfactory advances experienced for a considerable time, rising from 88/- at the beginning of May to the present level of 112/- a cwt. W. Weddel and Co., Ltd., cable that the advance lias been caused by the late spring experienced on the Continent of Europe which has brought about a reduction in stocks in the United Kingdom. Added to this the rapid falling away of Australian production has also strengthened the position. Perhaps the strongest factor, however, has been that the retail price of New Zealand butter has been kept at from lid to 1/throughout the month and this has maintained consumption at a very high level. With the butter now quoted at 112/ex the market it seems as though retail prices will have to be advanced, and it will be interesting to see whether this will have any effect on the present excellent consumption. Latest quotations give the market quiet at 112/-, but our principals advise that they anticipate a firm market. The stock position in London is very sound, as according to the latest figures supplied by the Imperial Economic Committee the estimated total stocks were 16,000 tons as against 23,000 tons at the same time last year. Forward buyers have been showing very great activity during the month with a strong demand for June-July-August shipment and as high as 1/2 a lb f.o.b. has been paid. The cheese market has advanced rapidly, very much on the same lines as butter, and prospects for the future certainly look bright. W. Weddel and Co., Ltd., state that the stocks in the United Kingdom and also the English production of cheese continue to be below normal and they therefore expect the market to remain firm. Forward buyers of cheese have been active buying cheese unshipped to the end of season’s make and as high as 6Jd has been paid. Just at the moment

the market is reported quiet at round about 60/- a cwt. CANTERBURY FROZEN MEAT CO. PREFERENCE DISTRIBUTION. SUPREME COURT ORDER. The Canterbury Frozen Meat and Dairy Produce Export Company, Limited, has decided to pay to preference shareholders an extra 1 per cent, on preference shares for the years 1933, 1934 and 1935. In a circular issued to preference shareholders the directors state that following inquiries made into the question of the legality of paying the full 6 per cent, preference dividend instead of the 5 per cent, as prescribed by the National Expenditure Adjustment Act, 1932, the facts were placed before the Supreme Court. An order was later received stating that the company should pay to preference shareholders sums which will restore the company’s preference dividends for 1933, 1934 and 1935 to 6 per cent. The order also stated that the preference dividend should be maintained as long as the ordinary dividend was not below 5 per cent. TEA AUCTION SALE AT COLOMBO. J. Rattray and Son, Ltd., have received the following report of a tea auction held at Colombo on Tuesday:— Fair quality was offering, with a good demand and firm prices for common teas. Medium and fine kinds were irregular, with declines of jd a lb in the higher grades. GOLDSBROUGH MORT. & COMPANY DIVIDEND OF 7 PER CENT. (United Press Association.) Wellington, June 11. Goldsbrough Mort and Company, Ltd., yesterday advised the Stock Exchange Association as follows:— The net profit for the year ended March 31 last was £175,917. The sum brought forward last year was £131,375, making £311,292 less an interim dividend of 2 per cent, in December last totalling £48,000. The directors recommend a final dividend of 5 per cent. (£120,000), which with the interim dividend makes a total distribution of 7 per cent, for the year. It is proposed to transfer to the provident fund £5OOO and carry forward £138,292. LONDON RATES OF INTEREST (United Press Assn.—Telegraph Copyright.) (Rec. 5.5 p.m.) London, June 10. Discount and short-loan interest rates are as follows:— Day-to-day loans, 4 per cent.; fine trade bills (three months), 2 to 2J per cent.; bank bills (three months), | per cent.; bank bills (six months), f per cent; Treasury bills (two months), f per cent.; Treasury bills (three months), § per cent. THE PRICE OF GOLD (United Press Assn.—Telegraph Copyright.) London, June 10. The price of gold is £6 18/8 an ounce.

GEAR MEAT COMPANY , INTERIM DIVIDEND. (United Press Association.) Wellington, June 11. The Gear Meat Company directors have decided to declare an interim dividend of 3d a share, payable on June 25. THE METAIT MARKET (United Press Assn.—Telegraph Copyright.) (Rec. 10.15 p.m.) London, June 10. Metals are quoted as follows:—

Buyers. Sellers. £ s d £ s d Stock, 34 p.c., 1938-43 102 5 0 Stock, 3| p.c., 1938- 102 5 0 Stock. 34 pc., 1939- 102 5 0 Stock 3) p.c.. 1939-52 102 5 0 Stock, 4 p.c., 1940 102 10 .0 Bonds, 4 p.c., 1940 102 10 0 Stock, 4 p.c., 1946 104 2 6 Bonds, 4 p.c., 1946 104 2 6 Stock, 4 p.c., 1949 104 2 6 Bonds, 4 p.c., 1949 104 2 6 Stock, 4 p.c., 1955 106 0 0 — Bonds, 4 p.c., 1955 106 0 0 1 — Banks. Commercial — Commercial, pref. 0 19 8 4 p.c. (cum.) 9 5 0 National of New Zealand 3 14 0 New South Wales 32 0 0 33 0 0 New Zealand 2 5 0 New Zealand, Long 2 5 9 “D” issue 1 9 6 Breweries. ■ N.Z. Breweries 2 15 0 (Shares) 2 14 0 Coal. Westport Coal 113 insurance. National 0 18 0 New Zealand 3 2 6 12 0 Loan and Agency. Dalgety and Co. — Goldsbrough, Mort and Co. 1 12 0 N.Z. Loan and Mer9 5 0 cantile ’ 30 0 0 Wright, Stephenson and Co.— (pref.) 0 19 9 Meat Companies. Gear Meat Co. N.Z. Refrigerating (20/- paid) 0 19 5 (10/- paid) 096 South Otago Freezing Co. 1 1 0 7 16 6 Shipping. Howard Smith 0 19 9 Huddart-Parker 1 12 6 Union Steam Ship Co. 1 16 0 (pref.) 15 9 16 6 Miscellaneous. Associated News 12 3 Australian Glass 4 11 9 Australian Iron and Steel 146 Colonial Sugar Co. 42 0 0 D.I.C. (pref.) 13 3 Dominion Fertilizer 14 6 Dominion Rubber Co. Dunlop Rubber (Aust.) Milburn Lime and 1 10 0 0 18 0 Cement 2 3 0 N.Z. Drug 4 0 0 N.Z. Farmers’ Fertilizers 10 9 N.Z. Guarantee Corporation 0 5 3 N.Z. Paper Mills Otago Daily Times 2 10 0 Wilson’s (N.Z.) Port4 10 19 6 land Cement J Woollen Mills. 2 6 6 Kaiapoi (pref.) 0 18 6 Mosgiel 9 10 0 Wellington Woollens 6 4 0 Mining. — Broken Hill 3 12 0 —. Big River 0 1 10 Electrolytic Zinc (ord.) 1 17 0 Gillespie’s Beach 0 10 Goldfields Dredging King Solomon Mount Lyell 14 0 Nokomai Okarito 0 2 9 Skippers 0 0 3< Waimumu 0 0 6& 0 2 1 0 0 4 0 2 4 0 2 6 Waitahu 0 2 0 Waipapa Martha Goldmining 0 2 6 0 13 10 0 J {motion Reward 0 10

£ s d Bonds 1946, 4 p.c. 104 5 0 Stock 1940, 4 p.c. 102 12 6 Stock 1946, 4 p.c. 104 5 0 Bank of New South Wales 32 5 0 Bank of New Zealand 2 5 0 South British 4 10 9 Pukemiro Collieries 1 4 10 Auckland Gas 1 5 10 P. and O. (deferred stock) 1 5 3 Dominion Breweries 1 4 0 Australian Glass 4 13 6 British. Tobacco 2 1 0 Broken Hill Proprietary (2) 3 12 6 Broken Hill Proprietary 3 12 3 Broken Hill Proprietary 3 12 0 Broken Hill Proprietary Broken Hill Proprietary 3 11 9 (contr.) 2 11 0 Bycroft Ltd. 2 11 0 Dunlop Perdriau 17 9 Hume Pipe (Aus.) 1 0 3 Henry Jones Wilson’s Cement 2 0 9 2 5 3 Wilson’s Cement 2 5 0 Argo 1 9 Golden Crown 9 0 Skippers 33 Mt. Morgan lv Mt. Morgan 13 U Unofficial. Dominion Breweries (pref.) 1 5 6 Selfridges (Australia) new issue Selfridges (Australia) new 1 5 0 issue (2) 1 5 3 Selfridges (Australia) new issue , 1 5 6 Selfridges (Australia) new issue 1 5 4 Woolworths (Sydney) 5 8 6 WELLINGTON. £ s d Government Bonds, 4 p.c. 1940 (Wednesday) A 102 17 6 G. J. Coles 'Wednesday) 3 19 9 Mount Morgan (Wednesday) 14 9 Union Bank of Australia (2) 9 14 0 South British Insurance 4 10 9 Australian Glass (2) 4 13 6 Broken Hill Proprietary 3 12 6 Broken Hill Proprietary Broken Hill Proprietary 3 12 3

(contr.) (2) 2 9 9 Colonial Sugar (2) 41 12 6 G. K. Coles (6) 3 19 9 Big River 2 0 Mossy Creok 1 5 Unofficial. Woolworths Ltd (Wednesday) 5 7 9 Woolworths Ltd. 5 7 6 Woolworths Ltd. (7) 5 10 0 Woolworths Ltd. 5 9 0 Woolworths Ltd. 5 9 6 Shillings Ltd (7/6 paid) (2) 11 4 Selfridges Ltd. (new) 1 5 3 CHRISTCHURCH. £ s d Unlisted. Selfridges (Australasia, new, 5) 1 5 3 Woolworth’s (Sydney, ord., ex rights) 5 8 6 do. 5 9 3 do. 5 9 6 Sales Reported. Unlisted. Selfridges (Australasia, new, Wednesday) 1 5 4 do. 1 5 6 Selfridges (Australasia, new) 1 5 3 Selfridges (Australasia, old, Wednesday, 3) 1 5 6 do. 1 5 9 do. 1 5 8 Shillings Ltd. (7/6 paid) 11 6 Woolworth’s (Sydney, ord., ex rights, 2) 5 9 6 Sales on Change. Listed. Brian Boru 3i Waimumu Sluicing 61 Mount Morgan 14 11 do. 15 0 do. (2) 15 11 do. (2) 15 2 do. 15 3 do. 15 21 do. 15 2 Commercial Bank of Australia (2) 19 2 E. S. and A. Bank 6 4 0 Bank of New Zealand (cum div.) 2 5 3 National Insurance (2) 18 1 Goldsbrough Mort (cum div.) 1 12 1 Kaiapoi Woollens (17/- paid) 15 3 Christchurch Gas 1 12 9 New Zealand Breweries (ex div., 2) 2 13 2 Broken Hill Propriety 3 11 0, Broken Hill Proprietary (contr.) 2 9 0 do. 2 8 6 do. 2 8 3 Consolidated Brick (2) 10 8 do. (2) 10 6 Dunlop Rubber 17 10 Sales Reported. Mount Morgan 15 H do. 15 2 do. 15 3 do. 15 21 Bank of New Zealand (cum div.) 2 5 3 New Zealand Refrigerating (10/- paid) 9 8 Auckland Gas 1 5 9 New Zealand Breweries (cum div., Wednesday) 2 14 1 Broken Hill Prourietary 3 11 0 do. (3) 3 11 6 Electrolytic Zinc (pref.) 2 0 0 G. J. Coles 3 19 7 do. 3 19 9 Hume Pipe (Aust.) 1 0 2 do. (2) 1 0 4 Broken Hill Proprietary (contr.) 2 9 0 DUNEDIN. £ s d E. S. and A. Bank 6 4 0 Dunlop Perdriau Rubber 17 6 P. and 0. (deferred stock) 1 5 6 South Otago Freezing 7 15 0 Mosgiel Woollens 9 15 0 Broken Hill Proprietary (contr.) 2 10 0 4 per cent. Stock 1946-49 104 10 0 4 per cent. Bonds 1946-49 104 10 0 Unlisted. Shillings Ltd. (Wednesday) 11 6 Shillings Ltd. (3) 11 5

£ s d 1. General reserve fund 1.500.000 0 0 2. Bank notes 10,018,770 10 0 3. Demand liabilities— (a) State 9,745,831 8 7 (b) Banks 7,324.020 15 9 (c) Other 93,830 6 2 4. Time deposits 5. Liabilities in currencies other than New Zea6. Other liabilities 82.083 14 3 Total £28,764,536 14 9 ASSETS. £ s d 7. Reserve— (a) Gold 2,801,773 0 0 (b) Sterling exchange 23,487,819 3 2 (c) Gold exchange 8. Subsidiary coin 200,647 6 9 9. Discounts— (a) Commercial and agricultural bills (b) Treasury and local body bills 10. Advances— (a) To State or State undertakings 1 (b) To other public authorities (c) Other —— 11. Investments 2,014,967 0 3 12. Bank Buildings 13. Other assets 259,370 4 7 Total £28,764.536 14 9

£ s d Commercial Bank of Sydney - 20 1 0 Bank of Austialasia (New Zealand delivery) 12 0 0 Mercantile and Mutual Insurance 1 11 0 Associated News 1 2 3 Associates News (pref.) 1 2 9 Howard Smith 19 3 Huddart Parker 1 17 3 British Tobacco 2 1 3 Tooth’ 0 Brewery 2 12 6 Castlemaine and Perkins’ Brewery 1 2 6 G; J. Coles 4 0 6 Drug Houses 1 11 0 Australian Glass 4 14 0 Dunlop Perdriau Rubber 18 11 Morris Hedstrom 1 5 3 Henry Jones - 2 0 9 Millaquin Sugar 2 2 6 David Jones o 6 9 Anthony Hordern 18 9 Hume Pipe 1 0 6 Sargents 1 6 3 United Provisions 14 7 Mount Morgan 15 3 Broken Hill Proprietary 3 12 3 South Broken Hill 5 13 0 Rawang Tin 8 10 Larut 10 3 Placer Development 5 11 6 Peninsula Tin 1 2 6 Lady Shenton Gold 4 2 Commonwealth Bonds, 4 per cent.— 1938 102 16 3 1941 101 5 0 1953 102 12 6 1955 102 12 6 1959 101 1 3 Melbourne Sales. Commercial Bank of Australia 19 6 Goldsbrough Mort 1 12 9 Huddart Parker 1 17 Is Gordon and Gotch 2 10 0 Nestles (pref.) 1 13 9 General Motors (pref.) 1 4 0 Emperor 13 3 Lolomh 18 3 Koroere 5 3

Par. To-day. Paris, fr. to £ 124.21 76 3-16 New York, dol. to £ 4.886 5.01§ Montreal, dol. to £ 4.886 5.02’Brussels, belgas to £ 35 29.68 Geneva, fr. to £ 25.221 15.50.2 Milan, lira to £ 20.43 63J Berlin, rmk. to £ 24.42 21.451 Stockholm, kr. to £ 18.159 19.391 Copenhagen, kr. to £ 18.159 23.39} Oslo, kr. to £ 19.15 19.90 Vienna, schgs. to £ 34.585 263 Prague, kr. to £ 164.25 121} Helsingfors, m. to £ 103.23 227 Madrid, pesetas to £ i 22.2215 36 25-64 Lisbon, escudos to £ 110 110} Athens, dr. to £ 875 533 Bucharest, lei to £ 318.6 676 Belgrade, dinars 275.31 221 Rio de Janeiro, p. to milreis 8.892 4] Buenos Aires, p. to dol. 45.577 15 Montevideo, p. to dol. 57 37| Bombay, p. to rupee 10 16} Shanghai, p. to dol. — 14 13-32 Yokohama, p. to yen 24.57 14 5-64 Batavia — 311

June 9. June 10. CopperStandard, spot 36 5 36 1 101 Forward 36 11 101 36 8 11 Electrolytic 40 10 0 40 7 6 to 40 12 6 40 10 0 Wire bars 40 12 6 40 10 0 Lead— Spot 15 10 0 15 6 3 Forward 15 10 0 15 8 9 Spelter— Spot 14 2 6 14 2 6 Forward 14 7 6 14 7 6 TinSpot 184 15 0 183 12 6 Forward 182 10 0 181 12 6 Silver— Fine, per oz. 19sd 19gd Standard, per oz. 21 7-16d 21 7-16d