FINANCE AND COMMERCE

Taranaki Daily News, 1 December 1932, Page 16

FINANCE AND COMMERCE

COLLAPSE OF POUND CONTINUES. RATES- ON FOREIGN EXCHANGES. fej- . (British Official Wireless.) Rec. 5.5 p.m. Rugby, Nov. 29. The following rates on foreign exchances • are current, ■■'compared -with those yesterday and par:—

On late quotations £l. in. New .Zealand is worth approximately:— / ■ S. d. • •- 18 0 in 22 9 in Sydney. 1111 in New York. 14 Oj in Montreal, 11 11 in Paris. 11 Hl in Berlin. <' 28 11 in Yokohama. - 11 111 in Batavia. WOOL SALES IN LONDON. ' FIRM TONE MAINTAINED. By Telegraph—Press Assn.—Copyright. London, Nov. .29. At the wool sales to-day 11,127 bales were offered, including 3229 from New Zealand. About 8847 were sold. There was a good selection of Merinos, which was cleared. There was good home and Continental demand and a firm tone, influenced by the Australian sales. . New Zealand quotations; Greasy halfbred: Woodbank, top Hid, average 10/d; halfbred lambs -■ slipe, Kaiapoi 12Jd and llfd; scoured, Godley Peaks, 18d and 16£d; pieces, 18 Jd and 164 d. COLONIAL STOCKS IN LONDON. Rec. 5.5 p.m.- -, London, Nov. 29. Dalgety-and Co;: shares are £6 10s (ex div.), Dalgety’s 4 per cent, debentures stock £B9, Goldsbrough Mort debentures 965, Mount Lyell 16s lOd, Peninsular and Orient (deferred stock 15s. .. SHAREMARKET TRANSACTIONS, NEW ZEALAND EXCHANGES. The-following sharemarket transactions, yesterday .were reported by the Press Association:,—• : Christchurch:-: Bank of New Zealand' (cum div.), 44s 6d; New Zealand Refrigerating (£1 paid), 9s 3d; New Zealand Refrigerating (10s paid), 2s lid, 3s; Golden Point, 2Jd (two parcels). Sales reported: 5J per cent, inscribed stock, 1933, £99 15s. Auckland: Stock, 1937, 5A per cent. (February), £97 10s; do., 1936, 5J per cent., £97 10s; Auckland Gas, -21 s 6d; Northern Steam (cont.), 2s 3d; Farmers’ Trading, 2s 7d; Henry Jones, 32s Sd (2); New Zealand Refrigerating (cont.), 2s lid; Union Soap, 245; Waihi Junction, 3s 6d; Golden Sands, 2s; Mount Lyell, 20s (2). BUTTER MARKET STILL FIRM. SHILLING FALL IN QUOTATIONS. The following cable bn the condition of the London dairy market was received at New Plymouth yesterday:— • Anglo-Continental Produce Co. Ltd.: The butter market is firm; finest, 91s; first, 90s. The cheese market is steady; white, 645; coloured, 60s. WAIKATO STOCK SALES. PRICES AT FRANKTON. IMPROVEMENT FOR SHEEP. Hamilton, Nov. 30. Quotations remained unchanged for a heavier yarding of ox beef at the weekly Frankton stock sale to-day. Cow and heifer beef was also yarded; in larger numbers, prices easing slightly. Values for store cattle showed no alteration. There was only a small offering of fat sheep, the quotations for both ewes and wethers showing an improving tendency. A medium yarding of lambs sold at last week’s rates. Fat pigs, of which there was a full- entry, remained firm at last week’s values» while the prices

for stores and weaners improved slightly. The auctioneers quote as follows:— ’ : ' ' ' ' ' Sheep: Heavy fat wethers sold at 13s to 13s 7d; lighter, Hs to Ils 6d; unfinished, 10s to 10s 6d; fat eWes, 8s 6d to 9s 3d; fat lambs, 12s to 13s; fighter, 10s to Ils 6d; unfinished, 7s to 9s 6d; Cattle: Vealers, 18s to £1 10s; mediumweight fat bullocks, £5 7s to £5 12s 6d; lighter, £4 7s 6d to £4 15s; unfinished, £3 to £4 ss; heavy fat cows, £3 to £4 Is; lighter, £2 5s to £2 17s 6d;. light, £1 10s to £2 7s; heavy fat heifers, £3 5s Yo £3 15s; lighter, £2.10s to £3 2s 6d; light, EL 5s to £1 15s. Pigs: Prime baconers, 38s to £2 4s; heavy, 35s to 375; light, 30s to 345;, heavy porkers, 27s to 295; light, 22s to 265; heavy choppers, £1 10s to £2 10s; light, 20s to 28s; good stores, 17s to 20s; others, 14s to 16s; slips, 10s to 13s; weaners, 7s to Ils 6d.

TALLOW AND HEMP.

PRICES IN LONDON, The Department of Agriculture has received the following cablegram, dated November 26; from the High Commissioner for New Zealand, London: Tallow: Market steady at last quotations.' . Hemp: Manila, market quiet with hardening tendency on account of falling sterling. Sellers asking for “K” grade, for December-February shipment, £l6 10s. Sisal: Market quiet. Decem-ber-February shipment, No. 1 good marks, value £l4 ; 10s to £l4 15s, and No; 1 fair average quality, £l4 ss. New Zealand: Little more offering, but no first-hand sales reported. Nominal value for November-January shipments, high points, £l5; common, £l2 15s. Eggs: Market quiet and-weaker. English: National -pack, 17s to 225; English, ordinary pack, 18s to 20s; Danish, 15s to . 20s; Australian, 141 b to 171 b per long hundred, Ils to 13s. Lower prices have been accepted. New Zealand: S.s. Port Huon consignment has arrived and few sold early this week, 151 b per long hundred, 12s 6d to 13s lOd, 161 b per long hundred 12s lOd to 14s 3d, 171 b per long hundred 13s 7d to 14s 6d, 181 b per long-hundred, .15s 3d to 15s (id. Closing values .Is lower.

Nov. 29 Nov. 23 Par. Paris, fr; 80% 81 5-16 124.21 Now York, dol. .. •3.15 3.18 7-32 4.866 Montreal, do\. .. 3.76 3.78% 4.866 Brussels, • belga .. 22.75% 22.975 35.00 Genova, fr. 16.37% 16.545 35.225 Amsterdam,':. fl. .. 7.83% 7.91% . 12.107. Milan, lire 62 3-16 62% 92.46 Berlin, marks .... 13.25% 13.375 20.43 Stockholm, kr. .. 18.17% 18.355 ' 18.159. Copenhagen, kr, .. 19.19% 19.20 18.159 Oslo, kr. ....... 19.28 19.35 13.159 Vienna, sch. ..... 28* 23* 34.685 Prague, kr. 106% 107% 164.25 Helsingfors, mark . 227 228.5 193.23 Madrid, . pes. ..... 38 11-16 39 1-32 25.225 Lisbon, escu. .... 104% 105.5 110 Athens, dr. . •580 580 375 Bucharest, lei. ' 540 545 813.6 Belgrade, din. ... 237% 240 276.3H Gio de Janeiro, m. 5%* 5%* 5.89?d Buenos Aires, dol. ■ 47.619d Montevideo, dol. .. 30* 30* 51d Bombay, rupee .. 18 5-1® 18d Shanghai, tael ... 215-16 21% —d Hongkong, dol. ' 16% , 16% —d Yokohama, yen .. 15 3-16 15% 24.5'8d Batavia, fl. ..... 7.89 8.04 12.107 •Nominal,