FINANCE AND COMMERCE

Taranaki Daily News, 29 March 1933, Page 12

FINANCE AND COMMERCE

RATES ON. FOREIGN EXCHANGES. . STERLING AGAIN CHEAPER. (British Official' Wireless.) Rec. 5.5 pun. Rugby, March 27. The' following rates on foreign exchanges are current compared with the quotations on Saturday and par:—

METAL PRICES IN LONDON. COPPER AND TIN IMPROVE. Rec. 9 p.m. Lordon, March 27. The metal market shows an improvement on Thursday’s prices, to-day’s quotations at per ton being:—

SHARE MARKET TRANSACTIONS. NEW ZEALAND EXCHANGES; .The Press Association reports the following sales on New Zealand Stock Exchanges yesterday:— ' Dunedin: Sales on Exchange: Kildare, Is 'lod. Reported sale: Bank of New Zealand, 44s 3d; Milbum Lime, 24s 6d. Christchurch: Bank of New South Wales, £29 (four parcels); New Zealand Refrigerating (£1 paid), 10s. 4d.; Timaru Brewery (7s. 6d. paid), 3s. (two parcels); Blackwater, 21s. 2d., 21s. 3d,; King Solomon, 25.; Lawson’s Flat, IDd. (three parcels); Nokomai, ss. 6d. (four parcels). Sales reported: Bank of New South Wales, £29 35., £2B 195.; Dalgety and Co., £7 12s. £d.; Bank of Australasia (cum div.), £lO Bs. 6d.; Commercial Bank of Australia, 14s. . Auckland: Bonds, 1937, 5J per cent., Sept., £9B; Auckland City, 1965, 5| per cent., £96; Whangarei Borough, 1961, 5$ per cent., £9O; Bank of Australasia, £lO 7s. 6d.; Bank of New South Wales, £29; New Zealand Insurance, 475. 9d. (two parcels), 485.; South British Insurance, 625. 9d. (two parcels); Auckland Gas, 21s. Id.; New Zealand Breweries, 275. 3d. (two parcels); Wilson’s Cement, 31s. 6d.; King Solomon, 2s. (two parcels), 2s. Id.; Waihi, 225. SYDNEY EXCHANGE BUSY. Rec. 8.40 p.rii. Sydney, March 28. Stock Exchange. investors spread their activities to-day over a wide variety of securities. The volume of business consequently was much greater than usual. Steadiness was the main characteristic with the exception of bank shares, which were inclined to sag. v " Sales were: Commercial Bank of Sydney, £l5 155.; National Bank (£5 paid), £5 195.; Colonial Sugar, £5,5; Associated News, 6s. 7d.; ditto (pref.), 16s. IOJd.; Adelaide Steam, 225. 75d.;' Australian Gas (A), £6 18s.; Tooth’s Brewery; 355. 9d.; Australian Glass, 465. 6d.; Dunlop Perdriau, 16s. IOJd.; ditto (pref.), 325. 9d.; Goldsbrough, Mort, 235.; Morris Hedstrom, 17s. 9d.; Henry Jones, 385.; Fairymead Sugar, 255. 9d.; Goodyear (pref.), 275.; Broken Hill Proprietary, 295.; Commonwealth 4 per cent, bonds, 1938, £lO2 10s.; 1944, £lOl 17s. 6d.; 1947, £lOl 17s. 6d.; 1950, £lO2 Is. 3d.; 1953, £lO2 7s. 6d.; 1957, £103; 1959, £103; 1961, £lOl 10s. Melbourne reports the following sales: Commercial Bank of Australia, 14s. 3d.; British Tobacco, 355.; Goldsbrough, Mdrt, 225. 10d.; National Bank (£5 paid), £5 18s. WAR LOAN IN LONDON. Rec. 5.5 p.m. London, March 27. The War Loan 3J per cent, is £lOl 7s 6d, compared with £lOl 5s on Thursday. GOLD AND SILVER IN LONDON. Rec. 5.5 p.m. London, March 27. ' Gold is quoted at £6 0s IOJd an ounce, compared with £6 0s 7Jd on Saturday. Silver is 17 7-16 d an ounce spot and 17Jd forward, compared with 17Jd and 17 9-16 d respectively bn Saturday. Silver is quoted at 17 7-16 d. per standard ounce and 18 13-16 d. per fine ounce, compared with 17 11-16 d. and 19 l-16d. respectively on Thursday. • ■ SOUTH BRITISH INSURANCE. By Telegraph—Press Association. Auckland. Last Night. The South British Insurance Company has declared an interim dividend at an unchanged rate, Is 4d. BRITISH WOOL MARKETS. RECENT RATES MAINTAINED. By Telegraph—Press Asm- —Copyright London, March 27. At the wool sales 9245 bales were offered, including 3198. from New Zealand, and about 4790 bales were sold. Competition 1 was fair at late rates, but there were signs that the buyer? had covered the bulk of requirements. There were some withdrawals, especially New Zealand crossbreds, owing to the high limits. New Zealand Merinos, greasy, Bankhouse, top lid, average Wd; greasy halfbred, top 9id, average B|d. The Bradford market is very firm, with a fair amount of business. FIGS SELL AT STRATFORD. Newton King Ltd. report a very heavy yarding of pigs at the Stratford Haymarket on Saturday, 246 being sold. There was a good attendance of . buyers and prices were about on a par with the last sale. Small weaners made 4s to 6s 6d, medium weaners 7s to 8s 6d, good weaners up to 12s 6d, small stores 14s to 16s 6d, medium stores 17s to 18s 6d, good stores up to 265.

March 27 March 25. , Par. Montreal, dol. . 4.11 4.11J 4.866 New York, dol. 3.41} 3.42g 4.866 Paris, fr. 87 15-16 87} 124.21 Brussels, belga 24.50} 24.54} 35.00 Geneva, fr 17.70} 17.76} 25.225 Amsterdam, fl. . 8.48 8.49} 12.107 Milan, lire .... 66 7-16 6611-16 92.46 Berlin, r.m. ... 14.32} 1411-16 20.43 Stockholm, kr. . 18.90 18.90 18.159 Copenhagen, kr. 22 7-16 22 7-16 18.159 Oslo, kr 19} 19} 18.159 Vienna, sch. .. 31* 31* 34.585 Prague, kr. ... 114J 115} 164.25 Helsingfors, mk. 226} 226} 129.23 Madrid, pes. ... 40 13-32 40} 25.225 Lisbon, escu. .. 110 110 110 Athens, dr. .... 602} 602} - 375.00 Bucharest, lei . 575 575 813.6 Belgrade, din. . 252} 252}i 267.31 Rio de Jan;' mil 5g* ' 58* 5.899d B’nos Aires dol. 41 41 47.619d Montevideo dol 33* 33* 51d . Bombay, rupee 18 1-16 18 1-16 18d Shanghai, tael . 20} 20} d Hongkong, dol. 15} 15} —d Yokohama, yen 15 151-16 25.58d ♦Nominal. advice.

Copper— Standard, spot .. Mar. 23 Mar. 27 £. s. d. 28 11 101 £ s. 28 6 d. 3 ' Standard, forward 28 11 10J 28 16 10J Electrolytic ...... 32 10 0 32 15 0 to 33 0 0 33 5 0 •Electr. American 5.12c. 5c. lb.. Electr. wire bars 33 0 0 33 5 0 Lead— Spot ....;.. 10 12 6 10 12 6 Forward 10 16 3 10 16 3 Spelter— Spot ............. 15 15 0 14 15 0 Forward 14 150 14 15 0 Tinf Spot ;.. 149 6 3 151 8 9 Forward 150 1 3. 152 6 3