COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19804, 21 May 1934, Page 2

COMMERCIAL

FOREIGN EXCHANGES. (British Official Wireless.) RUGBY, May 10. Foreign exchanges on London to day compared with rates previously quoted: Par. New York, dol. to £1 4.86 5.114 Montreal, dol. to £1 4.86 2-3 5.10 Paris, fr. to £1 .. .. 14.21 77 7-32 Brussels, elgas to £1 35 21.82 Geneva, fr. to £1 . . 22.22) 15.69 Amsterdam, fl. to £1 12.107 7.52 Berlin, reich to £1 . . 20.43 12.95 Stockholm, kr. to £1 18.159 19.40 Copenhagen, kr. to £1 18.159 22.394 Milan, lire to £1 . . 82.46 59 15-16 Buenos Aires, pence to pesos 47.28 '1364 Belgrade, dinars to £1 276.32 225 Oslo, kr. to £1 .. .. 18.159 19.905 Vienna, schgs. to £1 34.581 28 Prague, kr. to £1 .. 164 1223 Helsingfors, marks to £1 193.23 2262 Lisbon, escudos ' i £1 HO HO Athens, escudos to £1 110 Madrid, pesetos to £1 12.224 371 Bucharest, lei to £1 813.6 510 Rio de Janeiro, d. to Mils 5.899 141 Monte Video, d. to pes:. 51 1381 Par. Values in Pence. Bombay, rupee .... 18 181-32 Shanghai, dol Hongkong, dol * 17,': Yokohama, yen .. 2.28 141 •Varies with price of silver, i Sellers, official. METALS MARKET. United Press Association— By Electric Telegraph —Copvrlgh t (Received May 20, 6.30 p.m.) LONDON, May 19. Quotations: — Copper — Standard, spot 32 17 6 Forward 33 3 H Electrolytic 36 0 0 to 36 5 0 Wire Bars 36 5 0 American electrolytic: 8.50 cents per lb. Lead— Spot 10 17 6 Forward H 3 9 Spelter— Spot 14 12 6 Forward 14 17 6 Tin— Spot 232 7 6 Forward 229 7 6 SilverStandard, per oz 19 11-16 Fine, per oz 20; WAR LOAN. British Official Wireless (Received May 20. 6.30 p.m.) t RUGBY, May 18. War Loan, 34 per cent., £lO2/15/-. FRIDAY’S CLOSING PRICES. United Press Association—By Electric Tel egraph—Copy rtgh t (Received May 20, 6.30 p.m.) LONDON, May 19. Friday’s closing prices were:—Cotton spot 6.23 d per lb; June shipment, 5.97 d per lb. Rubber—Para, 6d per lb; plantation smoked, £6/3/9 a ton. Jute—June-July shipment, £ls/2/6 u ton. Copra—June-July shipment. South Sea, £7/15/- a ton; smoked, £6/17/6 a ton; plantation Rabaul, £B/12/6 a ton Linseed Oil—£23/10/- a ton. Turpentine—47/6 per cwt. CHICAGO WHEAT QUOTATIONS. United Press Association—By Electric Telegraph—Copyright (Received May 0, 6.30 p.m.) NEW YORK, May 19. Chicago Wheat Quotations. —May 901 cents, July 891 cents, September 90 cents. New York cash, 1001 cents. HIDES MARKET. United Press Association—By Electric Telegraph—Copyright (Received May 20. 6.30 p.m.) LONDON, May 19. Hides are quoted:— Meat works, dry salted, Queensland, 35 lb to 451 b, 6d; 301 b to 40Jb, 5Jd; 251 b to 351 b, 58d; 201 b to 301 b, 53d. New South Wales, s«d, 5Jd, 52d, 53d. Wet salted, Queensland, 501 b to 601 b, 4 id; 401 b to 501 b, 4d. New South Wales, 4id, 4Jd. Victorian abattoirs, 41d, 4d. BANK OF ENGLAND. REPORT ON WEEKLY RETURNS. United Press Association—By Electric Telegraph—Copyright LONDON, May 17. The Bank of England returns have been issued as follow: ISSUE DEPARTMENT. Notes Issued— £ In circulation 378,442,751 In banking department . 72,790,439 £451,233,190 £ Government debt 11,015,100 Other Gov'ment securities 244,294,863 Other securities 1,226,599 Silver coin 3,463,438 Fiduciary issue .. i 260.000,000 Gold, coin and bullion .. 191,233,190 £451,233,190 BANKING DEPARTMENT. £ Proprietors' capital .. .. 14,553,000 Rest 3,198,904 Public Deposits 11,215,132 Other Deposits— Bankers 99,928,490 Other accounts 35,482,304 Seven-day and other bills 6,532 £164,384,422 £ Other securities 75,412,635 Discounts and advances . 5,320,588 Securities 10,047,780 Notes 72,790,439 Gold and silver coin .. .. 812,980 £164,384,422 Proportion of reserves to liabilities, 40.10 per cent., short-dated loans j per cent; three months’ bills 9-32 per cent. APPLE MARKET. United Press Association—By Electric Telegraph—Copyright LONDON, May 18. The Port Chalmers’ New Zealand apples made: —Jonathans 7/9 to 10/-; Cleopatras 10/6 to 11/3; Dunns 8/- to 10/3. Tasmanian Cleopatras 8/- to 10/6; Dunns 7/9 to 10/-. Victorian Jonathans 7/- to 9/3.