LONDON EXCHANGE

Dominion, Volume 28, Issue 81, 29 December 1934, Page 14

LONDON EXCHANGE

Associated Banks’ Rates The associated banks trading in New Zealand have adopted the following rates of exchange on London as from August 1:— NEYV ZEALAND ON LONDON

Consequent upon the above adjustment in London exchange rates, the following rates between New Zealand and Australia were adopted as from August NEW ZEALAND ON AUSTRALIA. Buying Rato. Selling Rate. £lOl £lOO 10 0 Basis £lOO New Zealand. Melbourne Produce Markets By Telegraph —Press Assn.—Copyright. Melbourne, December 28. Wheat, new, 2/SI per bushel, old. 2/7J. Flour, £7/2/6 per ton. Bran, £4/15/-. Pollard. £5. Oats, 1/11 to 2/- per bushel. Barley; English, 3/1 to 3/3. Maize. 3/7. Potatoes, old. £9 to £lO per ton; new, £l2 to £l3. Onions. Spanish. £4/15/- to £5; Globes. £7 to £7/10/-. London Egg Market Weak By Telegraph-—l’ress Assn.—Copyright. Imndon. December 27. 'l’he egg market is weak owing to heavy English and Continental supplier?, due to a continued mild winter. Australian fourteens, 9/6 per 120 eggs: fifteens, 10/3; sixteens, 11/-. Dorman Long and Co. The revised scheme for the reconstruction of Dorman, Long and Company, Limited, engineers, has received court sanction. It is proposed to write down the capital from £11.245,146 to I £2,007,271. The change wil save £225,- i 000 yearly in fixed charges. |

Cable Traffic Returns A slight decrease in the estimated traffic receipts of Cable and Wireless, Limited, formerly known as Imperial and International Communications. Limited, occurred during November, as compared with the figures for the corresponding month of last year. 'l’he index figure was 71.3, against 71.8 for November, 1933. 'The figure for October waa 73.6.

Buyin; £ s. <1. Selling £ f». a. 124 0 0 T.T. 124 10 0 123 10 0 Demand 124 7 6 123 n 0 3 days 122 n 0 30 days 124 0 123 0 0 00 days 124 2 0 1°2 15 0 00 days 124 6 0 122 10 0 120 days Basis £100 London.