COMMERCIAL

Evening Star, Issue 21747, 15 June 1934, Page 12

COMMERCIAL

BANK OP-ENGLAND RETURN. Press Association—By Telegraph—Copyright. LONDON, June 14. (Received June 15, at 13 a.in.) The following is the Bank of England return: — ISSUE DEPARTMENT. Note issue in circulation £378,572,009 Banking department ... ... £451,410,683 Government debt £11,015,100 Other Government securities ... 243,658,478 Other securities 1,864,628 Silver coin , 3,461,794 Gold coin and bullion ' . 191,410.683 £451,410.683 BANKING DEPARTMENT. Proprietors' capital jjusk . 0.323,097 Public Deposits 21,019.123 Other deposits (bankers) 97,004,895 Other accounts ... 35,865,115 Seven-day and other bills 6,562 ’ . £171.771.790 Government securities ... ... £31,445,318 Discount advances 5,741,934 Securities 11,026,248 Notes in reserve ... 72,838,674 Gold and silver coin 719,618 £171,771,790 The proportion of reserves to liabilities is 47.70 per cent. Short loans are quoted at I per cent;; three months’ bills at 29-32 per cent.

FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright. RUGBY,' June 14. (Received June 15, at 11 a.m.) Paris, franc to £1 76 11-32 New York, dollar to £1 5.05| Montreal, dollar to £1 ■ ... 5.00j,Brussels, belgas to £1 ... 21.58 Geneva, franc to £1 ... 15,52 Amsterdam,’ florin to £1 7.434 Milan, lire to £1 ... ... 58 9-16 Berlin, reichmarken to £1 13.27 i Stockholm, kroner to £1 19.40 Copenhagen, kroner to £1 22.39(1 Oslo, kroner to £1 ... ... ■ 19.90) Vienna, schilling to £1 ... 27 Prague, kroner to £1 ... ... ... 1211 Helsingfors.marks to £1 ... ... 2261 Madrid, peseta to £1 36£ Lisbon, escudo to £1 110 Athens, drachmae to £1 527 Bucharest, lei to £1 505 Belgrade, dinars to £1 222 Warsaw, zlotys to £1 26.75 Rio de Janeiro, pence to milreis 4f Buenos Aires, pence to dollar ... -36 f Montevideo, pence to dollar ... 38ii_ Bombay, pence to rupee 18 o-6-r Shanghai, pence to tael 14J Hongkong, pence to dollar 1• A Yokohama, pence to yen 141 Batavia, florin .to £1 7.40 LONDON STOCK EXCHANGE. Press Association—By Telegraph— Copyright. LONDON, June 14. ■ (Received June 15, at 11 a.in.) ■ The following are the latest quotations of Government securities; —

*eic interest. DOLLAR AND FRANC:

Press Association —By Telegraph—Copyright. LONDON, June 14. (Received June 15, at 11 a.m.) The dollar is quoted at 5.04 5-8 and the franc at 76 3-8. BEET SUGAR. Frees Association—By Telegraph—Copyright LONDON, June 14. (Received June 15 at 10 a.m.) Beet sugar; July, 4s Hid. PRICE OF GOLD. Press Association—By Telegraph - Copyright. LONDON, June It. i (Received June 15, at 11 a.rn.) Fine gold is quoted at £6 17s 84il per oz. WHEAT; FLOUR. ETC. Press Association—By Telegraph—Copyright LONDON, June 14. ; (Received June 15, at 12.5 p.m.) Wheat cargoes are weaker in demand. Parcels of all descriptions are offered at 3d to 6d lower. Futures;— London: June, 18s sd; September, 19s 3d ; December, 20s 6d. Liverpool: July, 4s 7|d; October, 4s lOJd; December, 5s Id. The spot trade is quiet but with a firmer tendency. Australian, ex ship, 26s 6d. Flour is quiet. Australian, ex store, 17s 6d to 18s 6d. Oats are 3d dearer. Peas and beans are unchanged. GOLDBROUGH, MORT [Pm United Pessj Association.! WELLINGTON, June 14. Goldsbrougb, Mort, reports a net profit for the year ended March 31 last of £198,831. The amount brought forward from last year was £125,356, making £324.187 available J'oi distribution. The dividend recommended will absorb £144,000, and a transfei o: £3,000 to the Provident Fund is also proposedleaving £177,187 to be carried forward. —Wellington Press Association.

SOUTHDOWN SHEEP SOCIETY. ANNUAL MEETING. [Pn* Unitio Press Association.] PALMERSTON NORTH, June 15. At the annual meeting of the Southdown Sheep Society of New Zealand it was stated that the effort to get all registered Southdovvus into one iiock book had been successful. The balancesheet showed a surplus for the year of £6OO. The reserves amounted to over £3,500. The chairman Mr H, Burrell, of Feildingj suggested keeping the present assets intact but to return some of the inqome to members by way of reduced fees. Subsequently the council was given power to make a reduction as it thought fit. The following officers were elected : President, Mr H. Burrell: vice-presi-dents, Messrs J. Brooks (Canterbury) and J. Knight (Feilding): council— Messrs H. Burrell. -J. Brooks, and Yv. H. Buick (Masterton), J. Deans (Canterbury), G. F. Ellis (Bulls), W. -I. Gimblebt (Hastings), and H. B. Stuckey (Dannevirke).

BRADFORD MARKET. Press Association—By Telegraph—Copyright. LONDON, June 1-1. : (Received June 13, at 11.35 a.m.) The Bradford market is steadier, but business is small. Quotations: Seventies, -34 d; sixty-fours, Slid; sixties, 30d; fifty-sixes, 23k1; fifties, 16Jd; forty-sixes, 12d; forties, 10:ld. BUTTER AND CHEESE. Press Association—By Telegraph—Copyright LONDON, June 14. (Received June 15, at 11 a.m.) Butter is firm and active. Danish, 86s. Choicest salted New Zealand, 79s to 80s; Australian, 755. Unsaltcds are about 2s premium. Cheese is in good demand. New Zealand white 49s 6d to 50s, coloured 475; Australian, none offering. CHICAGO WHEAT QUOTATIONS. Press Association—By Telegraph—Copyright. NEW YORK. June 14. (Received June 15, at 1.45 p.m.) Chicago wheat; July 94£ cents per bushel; September, 95; Debomber, 965. New Y T ork cash, 105 J. DAIRY' PRODUCE. Messrs A. S. Paterson and Co. Limited have received the following cable from Londonßutter: Market firm. New Zealand, 80s; Australian, 75s to 765; Danish, 645, f.0.b., landed cost 85s. Cheese: Market quiet, buyers inactive at advance. W hits cheese, 49s 6d to 50s; coloured, slow, 47s 47s 6d. The National Mortgage and Agency Company have received the following cable from London: —Butter: Market firm'; New Zealand finest, 795, 80s; New Zealand firsts, 78s. 795; New Zealand unsalted, 80s, 82s; Danish, 86s, 65s (f.0.b.); Australian, 755. Cheese: Market firm. New Zealand white, 495, 50s; New Zealand coloured, _ 475, 47s 6d; Canadian white, 565, 58s; Canadian coloured, 525, 545. SALES ON ’CHANGE: THIS DAY. Christchurch.—Bank of New Zealand “D ” mort. shares (ex div.), 3os; Goldsbrongh, Mort (cum div.), 31s 3d; N.Z. Refrigerating (10s paid, odd lot), 9s; Kaiapoi Woollens (17s paid), 10s 6d; Westport Stockton (prof.), 3s (2); British Tobacco (cum div.), 37s 6d; Dominion Fertiliser, 18s Id; Dunlop Rubber, 18s (4); Bell-Kilgour, 4d; Bendigo Goldlights, 84 d; Golden Point, 3d, 2id; Mount Lyell, 20s lid; Okarito, 8s Id. Wellington.—Mount Lyell, £1 0s lid, £1 Is. Reported : United Provisions, 8s 9d; Bank of New Zealand (cum div.), 50s, 50s 3d; National Insurance, 20s; New Zealand Insurance, 625; South British, 79s 3d, 79s Ifd; Farmers’ Fertiliser, 19s lOd, 19s 10$d. Auckland. —Golden Dawn, Is lid; Talisman, 11s sd; Gas (con.), 19s 3d; Mount Lyell, 21s; Zinc, 265; Wilson’s Cement, 295; Waihi, 335; Bycroft, 48s: Bank of New Zealand (cum div.), 60s 4d; South British, 795; Bank, of Australasia, £l2; Harbour Board (5J per cent.), £lO6 ss; Mount Albert (4 per cent.), £lO4. '

"Consols, 2£ per cent £77 10 0 Funding Loan, 4, 1969-90 113 15 0 Assented War Loan 102 10 0 Conversion Loan, 3,102 15 0 Victory Bonds. 4 111 2 6 "Commonwealth, 6, 1945-47 107 13 9 Commonwealth, 5, 1945-47 99 17 6 Commonwealth, 3$, 1936-57 101 17 6 "Victoria, 3, 1929-40 93 0 0 Victoria, 3, 1929-40 99 6 3 Victoria, 4|, 1940-60 ... 103 10 0 New South Wales, 3, 1935 101-12 6 "New South Wales, 34, 1930-50 ... 97 5 0 Queensland, 5, Stock, redeemable 1940-60 106 5 0 "Queensland, 3, 1922-47 94 3 9 New Zealand, 4J,, 1945-57 107 5 0 -New Zealand, 3j-, 1940 100 2 6 New Zealand, 3, 1945 97 11 3 New Zealand, 6, 1936-51 107 10 0 *S. Australia, 3j, 1939 100 8 9 *S. Australia, 3, 1916, or after 84 0 0 Tasmania, 3J, 1930-40 100 3 9 "Tasmania, 3, 1910-40 98 0 0 W. Australia, 3, 1915-35 101 10 0 W. Australia, 6, 1930-40 101 1 3