COMMERCIAL

Evening Star, Issue 21743, 11 June 1934, Page 12

COMMERCIAL

foreign exchanges. (British Official Wireless.) Press Association—By Telegraph—Copyright. RUGBY, June 9. ((Received June 11, at 11 a.m.) Paris, franc to £1 76 17-32 Nen York, dollar to.£l 5.064 Montreal, dollar to £1 5.02 s Brussels,] belgas to £1 jf G«neT», 'franc to £1 ' 15.55 Amsterdam, florin to £1 ... ... 7.444 Milan, lire 'to £1 .•■ 58$ Berlin, reichmarken ,to £1 ... ..., 13.084 Stockholm, kroner to £1 ... ... 19.40 Copenhagen, kroner to £1 22.394 Oslo, kroner to £1 ... ••• 19.904 Vienna,‘»chilling»to £1 ... ... ... 27 Prague, kroner to £1 121 J Helsingfors, marlcs to £1 ... ... 2264 Madrid, peseta to £1 36 29-32 Lisbon, escudo to' £1 110 Athens, drachmae to £1 527 Bucharest, lei to £1 ... 50j Belgrade, dinars, to £1 Warsaw, zlotys to £1 Rio de Janeiro, pence to milreis 44 Buenos Aires, pence to dollar ... obj Montevideo, pence to dollars ... . . Bombay, pence to rupee ... ... 1° J-M Shanghai* pence to tael Hongkong, pence to dollar IJ* Yokohama, pence to yen 144 Batavia, florin to £1 ■■■'■ ...

GRAIN AND PRODUCE. Messrs Donald Reid and Co. Ltd. report as follows: . Wheat.—Odd samples are still arriving on the market.’ Local millers have completed their allotments in most varieties. Hunters, in particular, cannot now be disposed of to millers, and samples have to be forwarded to the Wheat Board 'in Christchurch. When the wheat is ' up to the standard required it is purchased on behalf of the board and stored on their account until it be finally disposed of, probably at thd end of the present season. June values' are: Tuscan, 3s 8d; Hunters, 3s TOd; Velvet 4s (sacks extra), f.0.b., Dunedin. Fowl wheat is in plentiful supply this season, and merchants are offering 3s per bushel (sacks extra) for large parcels, on trucks, in the country. Ex store prices for small lots range up to 3s 9d per bushel (sacks extra). Oats.—This market is at present in a .very depressed state. Millers ap.p6ar';tO' liave ample stocks, ana. are only suffering from the choicest lots. Ordinary A and 6 grade can only be sold at a. very cheap rate, which farmers are not inclined to’ accept. The shipping ■ value to-day is as low as 2s 4Jd for A grade and 2s for B grade, f 0.b., s.i. Merchants would need to purchase at Is lid and Is 7d respectively in store, Dunedin, to show a small margin of profit. The O.T. prices to’farmers ares Is 8d for A grade and Is 5d for B grade (sacks extra). .Qhaff.—There is ample chaff available for all inquiries, Prime quality receives the most attention, and this is saleable at prices up to £4 5s (sacks extra), ex store. Very little business is now transacted ex truck. Medium and inferior, of which there is a superfluity; can be purchased ex store at prices ranging from £3 to £3 10s (sacks eX Potatoes.—Farmers are completing digging whenever weather conditions allow. : Consignments now arriving are carrying a lot of soil, , and merchants require an allowance in weight when purchasing. The market shows no immediate signs of improvement, and with consignments arriving from all quarters prices have eased again. Top value is £3 15f, ex truck, Dunedin; £4 is the equivalent ex store price, with a little extra being paid for choice lots. The shipping rate vanes from £3 10s to £3 15s, all this business being done ,at Timaru or Lyttelton. No shipping has yet been done from this port.

SYDNEY STOCK'EXCHANGE. Frau Aiaociation —By Telegraph—Copyright SYDNEY, June 11. (Received June 11, at 2 p.m.) Sales.—Bonds: 4 per cent., 1938, £lO6 2s 6d; 1950, £lO6 12s 6d; 1961, £IOB 10s; Wunderlich, 21s 9d. BRIAN BORU RETURN. A Greymouth Association message states that the Brian Boru dredge return was 270 z 3dwts for 122 hours. SALES ON ’CHANGE: THIS DAY. Christchurch. —New Zealand Government 4 per'cent, inscribed (1955), £109; Union Bank of Australia, £9 18s 6d; Goldsbrough Mort (cum div.), 31s lOd, 31s 9d; Dominion Fertiliser, 18s; Electro Zinc (pref.), 33s 8d (2); Brian Boru (Is paid). Is 7d (2); Maerewhenua, 84d; Mahakipawa lid (2), HJd, Is (3) ; Rawang Tin, 8s lid (5); Skippers, Is 04cl. Reported: Bank or New Zealand (late sale, Saturday), 51s 9d (cum div.). Auckland. —Mahakipawa, lid, 11-Jd, Is; Mataki, 2s 3d; Nokomai, 3s; Peter’s Ice, 17s 6d; Mount Lyell, 21s; Gas, 26s 6d; Wilson’s Cement, 29s 6d; Bank of New Zealand, 51s 3d, 51s 6d. Wellington.—4 per cent. Inscribed Stock (1955), £IOB 15s; Kaiapoi Woollen, 10s.