COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19485, 9 May 1933, Page 11

COMMERCIAL

SYDNEY STOCK EXCHANGE. BUYERS DISPLAY CONFIDENCE. United Press Association— By Eleclrlo Telegraph—Copyright (Received May 8, 8.35 p.m.) SYDNEY, May 8.

On the Stock Exchange, buyers today displayed confidence, with the result that the tone of the market all round is strong. Investors are keenly awaiting the electors’ verdict on Saturday’s referendum in regard to the reconstitution of the New South Wales Legislative Council, which is designed to afford greater economic stability. Bank of New South Wales, £29/12/6; Commercial Bank of Sydney, £ls/15/-: E. S. and A. Bank, 85/-: Bank of Adelaide, £5/6/6; Burns Philp, 51/-; Associated News (ord-), 8/2; Associated News (pref.), 18/41; Huddart Farxer, 31/-; Howard Smith, 8/4; British Tobacco. 34/9; Australian Glass, 49/-; Gcldsbrougn Mort., 23/6; Tooths, 37/9, W nchcombe Carson, 25/101; Electrolytic Zinc, 18/-; Broken Hill Propy., 33/45; Zinc Corpn., 29/-. Commonwealth Bonds (all 4 per cent.): 1933, £lO4/6/3; 1941, £lO4/13/9; 1944, £lO2/18/9; 1947, £lO3/5/-; 1950, £lO3/12/6; 1953, £lO4/13/9; 1955, £lO4 13/9; 1957, £lO5/6/3; 1959, £lO3/8/9; 1961, £lO3/15/-. Melbourne Sales.— Commercial Bank of Australia, 14/9; pref., £9/3/-; North Broken Hill, 77/-.

WAR LOAN. British Official Wireless RUGBY. May 6. War loan 35 per cent. £IOO/8/9. The stock markets are idle. PRICE OF GOLD. British Official Wireless RUGBY, May 6. Gold dropped 7d to 124/1. SILVER. United Press Association —By Electrlo TUegraDh—Copyright LONDON, May 7. Silver—Spot 19id, forward 19 9-16 d, per standard ounce. SOUTH AFRICAN POUND. United Press Association—By Electrlo TeleuraDh— Copyright LONDON, May 7. The 'South African pound is quoted at £99/17/6 and £IOO/17/6 per £IOO sterling. FOREIGN EXCHANGE RATES. British Official Wireless RUGBY, May 6.

THE SHAREMARKET. By Telegranh—Press association AUCKLAND, May 8. Sales on ’Change: Bonds (1949), 4 per cent., £IOO/10/-; Commercial Bank (pref.), £B/14/-; Bank of New South Wales, £29/15/-; Bank of New Zealand, 45/6; National Insurance, 17/-; South British, 66/-; Northern Steam, 6/6; New Zealand Newspapers, 24/-; Wilson’s Cement, 32/9; Blackwater, | 2i/6; Matakl Gold, 1/6 (2); New Zealand Crown Mines, 1/1. WELLINGTON, May 8. Sales on 'Change: Government Bonds, 4 per cent (1949), £IOO/7/6; Bank of New Zealand (cum div.), 45/7, 45/8; South British Insurance, 65/6; Wellington Woollen (ord.), £5 (2); New Zealand Breweries, 30/-; Big River, 1/35 (late Saturday), 1/4; Mount Lyell, 20/9 (late Saturday). DUNEDIN, May 8. Cries on 'Change: Central Shotover (6d paid), lid (2), 1/1; Waitahu, 5/9 (2); Big River, 1/4 (2). Sales reported: Bank of New Zealand. £2/5/3; National Insurance, 17/-; Mahaklpawa, 2d (all late Saturday); Freshfords, 1/3, 1/35; Central Shotover (6d paid), 1/- (3); Australian Glass, £2/8/-; Big River, 1/4. LONDON MEAT PRICES. The New Zealand Meat Producers Board has received the following cable from its London office, dated sth May: Lamb market.—Meeting with good trade, with prices of second quality slightly easier. All other descriptions steady. Mutton market.—Wethers again easier with trade slow. Ewes, heavyweight weaker, others remain steady. Beel market.—Poor demand for frozen beef, owing to large supplies of Argentine chilled beef. N.Z. Porkers—Demand slow owing to usual seasonable falling off. Baconers, steady with fair trade. DAIRY PRODUCE.

The South Island Dairy Association has received the following market report from the New Zealand Produce Association London:— Butter.—Steady. New Zealand 72/to 73/- per cwt.; Danish 96/-. Cheese.—Active, New Zealand white, 41/- to 42/- per cwt.; coloured 47/- to 48/- per cwt

Paris, fr. to £1 .. • ■ Par. 121.21 852 New York, dol. to £1 4.886 4.051 Montreal, dol, to £1 4.886 4.32 Brussels, belgas to £1 25 24.171 Geneva, fl. - to £1 .. 25.2215 17.44 Amsterdam, fl. to £1 11.107 8.41 Mila?, lire to £1 .. 93.43 648 Berlin, releh to £1 .. 20.48 14.321 Stockholm, kr. to £1 18.159 19.30 Copenhagen, kr. to £1 18.159 22.45 Oslo, fr. to £1 .. .. 18.159 19.60 Vienna, sohgs. to £1 . 34.585 311 Prague, kr. to £1 .. 164.5(4 114 Helsingfors, marks to £1 193.24 2261 Warsaw, zylots to £1 43.38 30.75 Madrid pesetas to £1 25.2215 39 i Lisbon, escudos to £1 110 110 Athens, drach to £1 375 580 Bucharest, lei to £1 913.6 565 Belgrade, llnars .. 25.2215 2471 Rio de Janeiro, pence to milreis .. .. 5.891 42 Buenos Aires, pence to dol 47.227 421 Monte Video, pence to dol 51 341 Batavia (guilder) .. 12.107 (nom.) 8.33 Bombay, d. to rupee 16 18 5-64 Shanghai, d. to tael * 151 Hongkong, d. to dol. * 161 Yokohama, d. to yen 24.56 142 •Varies with price of silver.