SYDNEY STOCK EXCHANGE

Southland Times, Issue 23140, 5 March 1937, Page 3

SYDNEY STOCK EXCHANGE

IMPROVEMENT IN METALS (Received March 4, 9.30 p.m.) SYDNEY, March 4. The share market today was featureless, but there was a steadiness all round and an improvement in copper, silver and lead concerns. Sales:—

Melbourne Sales The market was firm without appreciable change.

FOREIGN EXCHANGES (Received March 4, 5.5 p.m.) RUGBY, March 3. The following mean closing rates of foreign exchange were quoted today com-

NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, announces the following rates of foreign exchange on a New Zealand currency pasis: on Buying Selling

METAL MARKET (Received March 4, 5.5 p.m.) LONDON, March 3. Metals are quoted as follows:—

TEA AUCTION THE COLOMBO MARKET J. Rattray and Son, Ltd., have received the following report on the tea auction held at Colombo on Tuesday:— Good quality was offered with slightly increased supplies. The market was steady for common teas with occasional slight declines. Medium and fine kinds were firm with small advances of id to id a lb.

DAIRY PRODUCE MARKET LONDON MARKET REPORT By arrangement with the Primary Products Marketing Department the following information is supplied, prices for the previous week being given in parentheses:— Butter.—New Zealand salted, 88/-, 89/- (83/-, 84/-); unsalted, 93/-, 94/(92/-); Australian salted, 88/-, 89/(83/-, 84/-); unsalted, 92/- (91/-, 92/-). Butter market quiet at the advance. New Zealand retail price unchanged, lid. Argentine unsalted, 82/-, 88/-; Danish 97/- f.0.b., 118/- spot (95/-, 116/-); Dutch unsalted, 94/-, 95/-, ex. 102/- (94/-, 95/-); Siberian salted, 86/-, 88/- (82/-, 86/-); Ukranian salted, 86/-, 88/- (82/-, 86/-). Market slow. Danish retail price unchanged, 1/2. Cheese.—New Zealand white, 54/54/6 (51/6, 52/-); coloured, 54/-, 54/6 (51/-, 51/6). Market steady. NewZealand retail price unchanged, 6d. Australian white and coloured, 52/-, 53/-; Canadian white and coloured, 71/-, 72/- (71/-, 72/-); English finest farmers, 86/-, 88/- (86/-, 88/-); factory cheese, 49/-, 52/-. Market steady. SYDNEY PRODUCE MARKET (Received March 4, 9.30 p.m.) SYDNEY, March 4. Produce is quoted as follows: — Wheat.—Bagged, 5/4 to 5/4J a bushel; bulk grain in the country, 4/8, which is equal to about 5/3 ex trucks at Sydney. Flour.—£l2 15/- a ton. Bran. —£5 10/- a ton. Pollard.—£6 a ton. Potatoes.—Tasmanian, to £5 10/- a Onions.—Victorian Globes, £ll 10/a t°n. Maize.—Yellow and white, 5/3 a bushel. RABBITSKIN SALE (United Press Association) DUNEDIN, March 4. Large catalogues were forwarded for today’s rabbitskin sale, the bulk of the offerings being new season’s racks and summers, with a sprinkling of dawny autumns. There was a good demand from exporters, but prices were not up to the high hates of last sale, the decline generally being from 2d to 4d. The following is a range of prices:—. Summer broken, to 26Jd; runners, 38d to 29.' t d; summers, 27£d to 29Jd; small, 18.’,d to 19Jd; light racks, 45d to 45Jd; dawny autumns, 46d to 50d; late autumn to 60d; milky, 25d to 26Jd; fawn, 30d to 34d; summer black, 26d to 28d; hareskins, 24d to 26d; horsehair, to 18d. MILNE AnET CHOYCE LIMITED INTERIM DIVIDEND DECLARED (United Press Association) AUCKLAND, March 4. Milne and Choyce, Limited, have declared an interim dividend at the rate of 4 per cent, a year on ordinary shares and debenture stock for the half-year ended January 31. Distribution at the rate of 6 per cent, a year will be made on preference shares and at the rate of 7 per cent, a year on B preference shares. The dividends are at unchanged rates.

MINING RETURNS MATAKI (United Press Association) WELLINGTON, March 4. The Mataki return for the four weeks ended February 25 was 2390 z Idwt 15grs for 346 hours’ work and 73,000 yards dredged. WINTON STOCK SALE ¥ VALUES FIRM At the fortnightly stock sale at Winton yesterday 11,000 sheep were yarded. Prices were firm throughout with the exception of those paid for store lambs which eased from 1/6 to 2/- a head on the previous sale. For all classes of young sheep there was a keen inquiry and the whole of the yarding was cleared at auction. Best two-tooth ewes made 44/6, top price? good 39/- to 42/-, smaller 33/- to 36/-. A line of small four-tooth ewes made 36/-, and a big line of station ewes brought 33/6, while a line of sound-mouth paddock ewes made 33/9. Ewe lambs brought from 24/- to 29/-, good rape lambs to 21/6, medium 16/- to 18/- and smaller 14/- to 15/6.

Best sound-mouth ewes brought 32/— to 34/6, medium 28/- to 31/-, good fullmouth ewes £1 for £1 5/6, full and failing mouth ewes 16/- to £l, poorer conditioned 10/-to ,14/-. Two-tooth and four-tooth wethers from 23/- to 25/-, smaller £1 to 21/6.

In the fat sheep section ewes predominated. Best butchers’ ewes made from 18/- to 19/6, good freezers 15/to 17/-, butchers’ wethers 28/- to 29/3, lighter 25/- to 28/-. Freezing lambs sold well up to schedule rates. The entry of cattle comprised 25 head. Fat cows made from £4 to £5 15/-, fat heifers £5 5/-, empty cows £2 10/-. There was a small entry of dairy cows which met with a poor inquiry.

£ s d Colonial Sugar 43 7 6 Associated Newspapers 1 3 105'2 do. (pref.) 1 3 l>/2 Burns Philp 4 1 0 Berlel 2 0 0 Tooth’s Brewery 2 16 6 G. J. Coles 5 8 6 British Tobacco 2 13 9 Dunlop Perdriau Rubber 1 0 9 Goldsbrough Mort 1.18 4’/ 2 Wilcox Mofflin 12 11 Anthony Hordern 1 1 3 General Industries 1 1 10 >/ 2 William Adams 14 5 Meggitts 1 13 3 Kandos 1 4 6 Gordon and Gotch 2 12 0 Woolworths — Buyer 8 0 0 Seller 8 5 0 Woolworths (N.Z.) — Buyer 7 6 0 Sale 7 7 0 Selfridges 2 0 6 Mount Lyell 2 13 4>/ 2 Kuala Kampar 1 3 0 Rawang Tin 13 1 Taranaki Oil 4 9

Sales:— £ s d Commercial Bank of Australia 19 9 E.S. and A. Bank 6 9 0 National Bank (£5 paid) 8 0 0 Adelaide Steam 1 12 6 Howard Smith 1 4 4 British Tobacco 2 14 3 G. J. Coles 5 10 0 Drug Houses 1 9. 3 Australian Iron and Steel (pref.) 1 8 3 Dunlop Perdriau Rubber 1 0 10 do. (pref.) 1 15 3 Goldsbrough Mort 1 18 6 Electrblytic Zinc 3 3 6 do. (pref.) 3 5 0 Yarra Falls 2 3 0 Silverton Trams 1 17 0 General Industries 1 2 0 Sulphide 15 10 Mount Morgan 18 11 Mount Lyell 2'13 7Y2 Broken Hill Propty. 4 9 6 South Broken Hill 2 16 6 North Broken Hill 4 7 6 Emperor 19 8 Loloma 1 4 6

pared with par:— Par Today. Paris, fr. to £ 105 9-64 New York, dol. to £ 4.886 4.88 15-16 Montreal, dol. to £ 4.886 4.89 Brussels, belgas to £ 35 29.02 Geneva, fr. to £ 25.221 21.42 34 Milan, lira to £ 20.43 923a Berlin, rmk. to £ 24.42 12.1534 Copenhagen, kr. to £ 18.159 22.40 Oslo, fr. to £ 19.159 19.90 Vienna, schgs. to £ 34.585 26 34 Prague, kr. to £ 164.25 14034 Helsingfors, m. to £ 103.23 22634 Madrid, pesetas to £ 25.15 - ■ Lisbon, escudos to £ 110 110 3-16 Athens, dr. to £ 875 54734 Bucharest, lei to £ 318.6 670 Belgrade, dinars 275.31 213 Rio de Janeiro, p. to milreis 8.892 434 Buenos Aires, p. to dol. 45.577 — Montevideo, p. to dol. 57 3934 Bombay, p. to rupee 10 18 1-64 Shanghai, p. to dol. — 14 17-32

London— £N.Z. to£stglOO T.T. 124 124/10/O.D. 123/10/ 124/8/9 Australia— £A to £100 N.Z. T.T. 101 100/10/O.D. 101 100/10/Fiji— £F to £100 N.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York— Dollars to £1 N.Z. T.T. 3.95% 3.91% O.D. 3.96% 3.92% Montreal— Dollars to £1 N.Z. T.T. 3.95% 3.91% O.D. 3.96% 3.92% Austria— Schillings to £1 N.Z. T.T. — 20.55 O.D. — 20.57 Belgium— Belgas to £1 N.Z. T.T. — 23.177 O.D. — 23.188 ' Czechoslovakia— Crowns to £1 N.Z. T.T. —— 111.64 O.D. — 111.69 . Denmark— Kroner to £1 N.Z. T.T. 18.203 17.893 O.D. 18.263 17.903 France— Francs to £1 N.Z. T.T. — 84.23 O.D. —— 84.27 Germany— Reichmarks to £1 N.Z. . T.T. — 9.690 O.D. —— 9.695 Holland— Florins to £1 N.Z. T.T. 7.276 7.126 O.D. 7.336 7.130 Italy— Lire to £1 N.Z. T.T. — 74.41 'O.D. — 74.46 Java— Florins to £1 N.Z. T.T. 7.241 7.081 O.D. 7.301 7.085 Norway— Kroner to £1 N.Z. T.T. 16.181 15.891 O.D. 16.241 15.901 Sweden— Kroner to £1 N.Z. T.T. 15.785 15.490 O.D. 15.845 15.500 Switzerland — Francs to £1 N.Z. T.T. 17.391 17.121 O.D. 17.496 17.126 Noumea — Francs to £1 N.Z. T.T. —— 82.86 O.D. — 82.92 Papeete— Francs to £1 N.Z. T.T. —— 83.01 O.D. —— 83.07 Hong Kong— N.Z. pence to 1 dollar T.T. 18 19-64 18 51-64 O.D. 18 17-64 18 25-32 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 13-32 22 11-16 O.D. 22% 22 43-64 Japan— N.Z. pence to 1 yen T.T. —— 17 31-64 O.D. 17 15-32 Shanghai— N.Z. pence to 1 dollar T.T. 17% 18% O.D. 17 27-32 18 23-64 Singapore— N.Z. pence to 1 dollar T.T. 34 23-32 35 13-64 O.D. 34% 35 3-16 Chefoo — N.Z. pence to 1 dollar T.T. 17% 18% O.D. 17 53-64 18 31-64

March 2 March 3. £ s d £ s d Copper— Standard, spot 68 10 TVs 70 16 3 Forward 67 19 4'/a 69 3 9 Electrolytic 72 10 0 73 10 0 to 74 10 0 75 10 0 Wire bars 74 10 0 75 10 0 Lead— Spot 31 13 9 32 8 9 Forward 31 15 0 32 10 0 Spelter— Spot 30 7 6 31 1 3 Forward 30 15 0 31 8 9 TinSpot 244 12 6 258 0 0 Forward 245 12 6 250 7 6 SilverFine, per oz 20%d 20 7-1 Rd Standard, per oz 21 %d 22 l-16d