MONEY AND MARKETS

Southland Times, Issue 23392, 27 December 1937, Page 3

MONEY AND MARKETS

DAIRY PRODUCE MARKET ‘ BUTTER AND CHEESE QUIET IN LONDON (Received December 26, 6.30 p.m.) LONDON, December 24. The butter market is quiet and cheese is quiet. > Quotations: BUTTER

GOVERNMENT SECURITIES (Received December 26, 6.30 p.m.) LONDON, December 23. Following are the latest quotations for Government securities compared with the

FOREIGN EXCHANGES (British Official Wireless) (Received December 26, 6.30 p.m.) RUGBY, December 24. The following mean closing rates of foreign exchange were quoted today com-

Bombay, p. to rupee 10 18 Vb NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, announces the following rates of foreign exchange on a New Zealand currency basis: on • - Buying Selling

THE WHEAT MARKET CARGOES LOWER AND PARCELS UNCHANGED (Received December 26, 6.30 p.m.) LONDON, December 24. Wheat cargoes are lower and parcels are unchanged. Futures.—London: January, 43/9|; March, 43/7|. Liverpool: December,

7/51-; March, 7/2f; May, 7/3-J; July, 7/4, Chicago: December, 94| cents a bushel; May, 92g; July, 85|.

METAL MARKET

(Received December 26, 6.30 pjn.) LONDON, December 24.

RAW MATERIALS (Received December 26, 6.30 p.m.) LONDON, December 25. Friday’s closing prices for raw materials with those of last week also quoted, are as follows: — . Cotton.—Spot, 4.88 d a lb (4:81d); January delivery, 4.73 d (4.68 d Rubber.—Para, 7>/ 4 d alb (7’/ 4 d); plantation smoked, 7%d (7'/ 4 d). Jute.—January-February delivery, £l9 6/3 a ton (£l9 5/-). Copra.—January-February delivery, South Sea, £l3 a ton (£l3 2/6); smoked, £l3 ( —); plantation Rabaul, £l3 17/6 (£l4). Linseed Oil.—£3o a ton (£3O 10/-). Turpentine.—£l 11/6 a cwt. (£1 11/3). THE PRICEOF GOLD (Received December 26, 6.30 p.m.) LONDON, December 25. The price of gold is £6 19/7£ an ounce.

Dec. 16 Dec. 23 Danish 155/New Zealand — Choicest salted 113/Unsalted 115/Australian— Choicest salted 113/111/- to 112/Unsalted 114/CHEESE 114/New Zealand — White 65/6 64/6 Coloured AustralianWhite 61/Coloured 63/64/-

prices ruling recently:— Dec. £ 16 s Dec. 23. d £ s d British — Consols 74 10 0 74 5 0 Funding Loan, 4 per cent. .104 10 0 112 10 0 War Loan, 3 p.c. •101 12 6 105 12 6 Con. Loan, 3}i p.c.: 102 0 0 102 5 0 Victory Bonds, 4 per cent. 111 0 0 111 0 0 Commonwealth— 3 p.c., 1945-75 107 5 0 107 2 6 3 p.c., 1955-58 102 7 6 102 7 6 4 p.c., 1943-48 100 10 0 100 6 3 3% p.c., 1945-53 92 2 6 92 0 0 3 >4 p.c., 1958-60 89 10 0 89 10 0 New South Wales — 4>/ 2 p.c., 1935-45 97 15 0 97 16 3 Victoria— 3 p.c., 1929-40 94 12 6 94 15 0 4% p.c., 1940-60 103 17 6 103 17 6 4 p.c., 1945-75 106 17 6 106 17 6 Queensland — 3 p.c., 1932-47 95 12 6 95 17 6 , 5 p.c., 1940-60 106 0 0 106 2 6 South Australia— 4 p.c., 1942-62 106 15 0 107 0 0 3 p.c., 1945-75 78 12 6 78 0 0 Western Australia— 4 p.c., 1942-64 100 5 0 100 10 0 Tasmania — 3>/2p.c., 1929-40 101 7 6 101 5 0 4 p.c., 1940-50 102 5 0 101 10 0 New Zealand— 4'/a p.c., 1948-50 104 18 9 104 17 6 3% p.c., 1940 101 0 0 101 2 6 4 p.c., 1945 98 7 6 98 5 0

pared with par:— Par Today Paris, ir. to £ 124.21 147 3-16 New York, dol. to £ 4.886 4.99 13-16 Montreal, dol. to £ 4.886 5.00 5-16 Milan, lira to £ 20.43 95 Berlin, rmk. to £ 20.42 12.40% Copenhagen, kr. to £ 18.159 22.40 Oslo, fr. to £ 19.159 19.90 Vienna, schgs. to £ 34.585 2614 Prague, kr. to £ 34.585 142 5-16 Helsingfors, tn. to £ 103.23 226% Madrid, pesetas to £ 25.15 —. ■ Lisbon, escudos to £ 110 110% Athens, dr. to £ 875 547% Bucharest, lei to £ 318.6 672% Belgrade, dinars 275.3 216 Rio de Janeiro, p. to milreis 8.892 2 21-32 Buenos Aires, p. to dol. 45.577 —- Montevideo, p. to dol. 57 26

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/OD. 101 100/10/Fiji— £F to £100 N.Z. T.T. 90/7/6 89 OJ3. 90/7/6 89 New kork— Dollars to £1 N.Z. T.T. 4.0412 4.0066 z O.D. 4.0512 5.0106 Montreal— Dollars to £1 N.Z. T.T. 4.0445 4.0120 O.D. 4.0565 4.0160 AustriaSchillings to £1 N.Z. T.T. —- 20.93 O.D. — 20.94 Belgium— Belgas to £1 N.Z. T.T. 23.870 23.560 O.D. 23.945 23.571 Czechoslovakia— Crowns to £1 N.Z. T.T. — 113.37 O.D. — 113.42 Denmark— Kroner to £1 N.Z. T.T. 18.203 17.893 OJ>. 18.263 17.899 FrancoFrancs to £1 N.Z. T.T. —— 117.19 O.D. —— 117.23 Germany— Reichmarks to £1 N.Z. T.T. 9.892 O.D. —- 9.897 Holland— Florins to £1 N.Z. T.T. 7.325 7.175 O.D. 7.365 7.179 Italy— Lire to £1 N.Z. T.T. —— 76.16 O.D. — 76.21 JavaFlorins to £1 N.Z. T.T. 7.299 7.149 O.D. 7.339 7.153 Norway— Kroner to £1 N.Z. T.T. 16.182 15.892 O.D. 16.242 15.898 Sweden— Kroner to £1 N.Z. T.T. 15.789 15.494 O.D. 15.849 15.500 Switzerland— Francs to £1 N.Z. T.T. 17.543 17.273 O.D. 17.648 17.278 Noumea— Francs to £1 N.Z. T.T. — 115.94 O.D. — 115.98 Papeete— Francs to £1 N.Z. T.T. «— 115.99 O.D. — 116.03 Hong Kong— N.Z. pence to 1 dollar T.T. 18 29-64 18 53-64 OJJ. 18 27-64 18 53-64 India and Ceyion— N.Z. pence to 1 rupee T.T. 22% 22 21-32 O.D. 22 11-32 22 21-32 Japan— N.Z. pence to 1 17% yen T.T. —— O.D. — 17% Shanghai— N.Z. pence to 1 dollar T.T. ■ 18 9-64 O.D. aw. 18 9-64 Singapore— N.Z. pence to 1 dollar T.T. 34 23-32 35 13-64 O.D. 34% 35 13-64 Chefoo— Pence to 1 dollar T.T. 18% OJD. aaw 18 7-64 Manila— N.Z. pence to 1 peso T.T. 29 37-64 30 5-64 O.D. 29 31-64 30 5-64

Metals are quoted as follows Dec. 22 Dec. 24. £ s d £ S d CopperStandard, Spot 40 8 IVz 39 18 l’/2 Forward 40 13 I 1 ,'2 40 3 lli Electrolytic 44 0 0 44 0 0 to 45 10 0 45 0 0 Wire bars 45 10 0 45 0 0 LeadSpot 15 13 9 15 13 Hi Forward is is io>/ 2 15 15 7/2 Spelter— Spot 15 8 9 14 19 Forward 15 8 9 15 1 10>/ 2 TinSpot 189 5 0 187 12 6 Forward 189 5 0 186 17 6 SilverFine, per oz 18 ll-16d 18}2u Standard, per oz 20 3-16d 19 15-16 MMMB