FINANCE AND COMMERCE

Taranaki Daily News, 22 December 1932, Page 16

FINANCE AND COMMERCE

RATES ON FOREIGN EXCHANGES. RISE IN STERLING CONTINUES. British Official Wireless, Rec. 5.5 p.m. Rugby, Dec. 20. The following rates on foreign exchanges are current, compared with the cabled quotations yesterday and

* Nominal. BASE METALS IN LONDON. SLIGHT DECREASES SHOWN. By Telegraph—Pre®» Assn.—Copyright. Rec. 8 p.m. London, Dec. 20. Slight declines are shown in the prices of base metals to-day:—

SYDNEY EXCHANGE BRIGHTER. Rec. 9.45 p.m. Sydney, Dec. 21. Operations on the Stock,. Exchange today were brighter. Prices of general industrial stocks were much firmer, while the improvement in gilt-edgeds able at the beginning of the week was well maintained. Sales were: Bank of New South Wales, £3O; Mercantile Mutual Insurance, 17s. 6d.; Colonial' Sugar, £53 55.; Howard Smith, Bs. 9d.; Burns, Philp, 485.; Tooth’s Brewery, 345.' 10 Jd.; Australian Glass, 445. 3d.; Henry Jones, 375.; Goldsbrough, Mort, 245. 3d.; Greater J. D. Williams, 4s. 6d. The exchange closes for the holidays to-morrow at noon until January 5. Melbourne reports the following sales: Dunlop Perdriau, 16s. 9d.; ditto (pref.), 325. 9d.; Australian Glass (pref.), 325. 3d.; Taranaki Oil, 2s. 4d.; Zinc Corporation, 275. 6d.; Broken Hill Proprietary, 255. 9d.

HIDE AND SHEEPSKIN SALE. NEW PLYMOUTH SATISFACTORY. Satisfactory prices were obtained at the New Plymouth hide and sheepskin sale conducted by L. A. Nolan and Co. on Tuesday. An average catalogue comprised 587 hides, 30 yearlings, 297 calf, 2095 salted and 759 dry sheepskins, and tallow in tins and drums, plus usual sundries. There was a small but representative bench of buyers and the catalogue was cleared. Hides sold at from par to Jd down oh last month’s rates. Prices were satisfactory. In sympathy with the wool market, sheepskins showed a decline. It would seem that the export business is showing more activity and it may be that the new year will see a better demand. Quotations are: Hides: Ox, extra heavy 4 l-8d to 4|d, heavy 4 3-8 d to 4Jd, medium 3 7-8 d to 4 5-Bd, light 4 l-8d ,to extra light 3 5-Bd, cut 3d; cow, extra heavy 4 l-Bd, heavy 4d, medium 3i to 4id, light 4|d, extra light 2£d to 3id, cut 2d to 3 id, slipy lid; yearling, heavy 4 7-Bd, medium s]d, light 2d, extra light 3Jd, cut 3 l-Bd, slipy 2d; calf, heavy 6id, medium 5 3-8 d to 51d, light s|d, extra light 4d, cut 3d to 4 5-Bd, slipy 2‘id, cut and slipy IM Sheepskins: Lambs 3d to 8d per lb, pelts 4d to Bd, damaged 3d, hoggets 9d, three-quarter-wools Is Gd to Is Bd, damaged 3d to Is; dry, at per lb, lambs 2d to. 2Jd, seedy lid, damaged Id to lid, hoggets 2Jd, damaged Id to IJd. woolly 2d to 2Jd, quarter-wools lid, seedy Id to lid, damaged id to lid, black Id, damaged and seedy id, dry salted 9d each. Tallow: Drums 10s per cwt, tins 10s per cwt, inferior 3s to 4s per cwt.

par: — Dec. 20 Dec. 16 Par. Montreal, dol. ... 3.81% 3.80% 4.866 New York, del. ... 3.32% 3.31% 4.866 85 5-16 84 15-16 124.21 Geneva, fr. ..... 17.27% 17.22% 25.22 Amsterdam, fl. .... 8.28% 8.26 12.10 Milan, lire 65 ' 64% 92.46 Berlin, r.m 13.98 13.92% 20.43 Stockholm, kr. ... 18.32% 18.42% 18,15.9 Copenhagen, kr. .. 19.30 19.30 18.159 Oslo, kr. ...... 19.40 19.40 18.159 Vienna, sch. ' 28* 28* 34.585 112% 112 164.25 Helsingfors, mark . 229 228 129.23 Madrid, pes. .... 40 7-32 40% . 25.221 Lisbon, escu .... 109% 109% 110 625 625 375.00 Bucharest, lei ...» 565 560' 813.6 Belgrade 250 — 276.31 Rio Janeiro, mH 5%* 5% 5.899d Buenos Aires, dol. * ♦ 47.61d Montevideo, dol.' .. . 29? 30* . old Bombay, rupee 18 11-64 IS 11-61 18d Shanghai, tael .. 18 5-16 20 5—16 —d Hong Kong, dol. . 15% 15 9—16 —d Yokohama, yen .. 15% 15 5-16 24.58d

Copper— 15 0 ■ 29 1 10% Standard, spot ... 28 Standard, forward 29 1 3 29 9 4% Electrolytic. ...... 33 10 0 34 5 0 to 34 10 0 34 15 0 Standard, spot ... 28 15 0 29 1 10% Electr. .American — .5 cents lb. Electr. wire bars i 34 1( ) 0 34 IE i 0 Lead —• 11 3 9 11 7 6 Spelter— 15 8 9 15 11 8 "Forward 15 8 9 15 2 6 Tin — American spot .... — 22.45 cents . • Spot ........... 149 2 6 149 10 0 Forward 150 11 3 150 16 3