LATE COMMERCIAL

Evening Star, Issue 22452, 24 September 1936, Page 14

LATE COMMERCIAL

THE MONEY MARKET. Pre«s Association—By Telegraph—Copyright LONDON, September 23. (Received September 24, at 11.10 a.m.) Discount and short loan interest rates, day-to-day loans, J per cent.: fine trade bills, three months, 2 to 23 per cent.; bank bills, three months, 9-16 per cent.; bank bills, six months, f per cent.; Treasury bills, two months, | per cent.; Treasury bills, three months, \ per cent. NEW YORK, September 23. (Received September 24, at noon. ) Call money is quoted At 1 per cent. WOOL MARKET. THE LONDON SALES. Press Association —By Telegraph—Copyright t LONDON, September 23. (Received September 24, at 11 a.m.) At the wool sales 11,368 bales were offered, including 7,334 from New Zealand. The total sold was 10,195 bales. There was a moderate selection, consisting chiefly of cross-hreds, which sold well at full current rates, mainly to the home trade. Inferior merinos were frequently withdrawn. New Zealand scoured merinos sold as follows: —“Murchison,” top price, 273 d, average 24|d- slipe half-bred lambs, “ C.E.M. in Square, Pareora,” top price, 173 d, average 173 d. CANADIAN WHEAT SUPPLIES. Press Association —By Telegraph—Copyright OTTAWA, September 23. Wheat in storage is 160,000,000 bushels, compared with 221,000,000 last September, SYDNEY STOCK EXCHANGE. Press Association —By Telegraph —Copyright SYDNEY, September 24. (Received September 24, at 2 p.m.) Bonds: 4 per cent. 1938, £lO2 6s 3d; 4 per cent. 1941, £lO2 10s; 4 per cent. 1950, £lOl 10s; 4 per cent. 1953, £lOl 12s 6d; 4 per cent. 1955, £lOl 13s 9d; 4 per cent. 1961, £IOO 13s 9d. Shares: Commercial Bank of Sydney', £l9 15s; Tooths, 56s 9d; Anthony Hordern, 18s 103 d; Associated News, 23s lid; pref., 235; Broken Hill Proprietary', 76s 6d; Dunlop Perdriau, 18s 73d; Goldsbrough, Mort, 34s IJd; Meggitts, 27s Cd. SALES ON ’CHANGE: THIS DAY. Christchurch.—New Zealand Government 4 per cent. Stock (193740), £lOl 15s; New Zealand Government 4 per cent. Inscribed Stock (1940), £lO2 (2); New Zealand Refrigerating (10s paid), 9s 4d; Anthony Hordern, 18s 9d (2); Broken Hill Proprietary (15s paid), 56s lid; Dunlop Rubber (cum div.), 18s 4d; Mount Lyell, 29s sd; Rawang Tin, 9s 4d (2). Reported : 100 Broken Hill Proprietary (15s paid), 57s Id. Wellington.—Dunlop, 18s 73d. Auckland.—Morning call: Traders’ Finance, 12s Od; Traders’ Finance (con.), ss; Consolidated Brick, 9s Cd; New Zealand Stock (1943-46), £lO3 15s; City Loan, 43 per cent., £lO5 ss. Noon: Golden Dawn, 2s 7d; Dunlop, 18s 6d ; National Insurance, 18s 8d; Kauri, 245; Farmers’ Fertiliser, 21s 43d; Goldsbrough, 33s 7d; Broken Hill, 75 s 6d; Gisborne Sheepfarmers, £100; Auckland Gas, 6 per cent., £lO7. Our Auckland correspondent telegraphs: —After moderate business at the last call yesterday, the exchange reopened quietly, only five sales being recorded at the first call. Government stocks were again in active demand, and 1946’s had a sale at £lO3 15s. Subsequently' sellers asked £lO4 2s 6d, while 1940’s were on offer at £lO2 and 1955’s at £lO3. A few more buyers appeared in the banking section, but no business was done. New Zealands were quoted between 38s and 39s 3d. An upward move was made in National Insurances, buyers raising their limits to 18s 7d. sellers being at 18s Bd. In Australian issues Goldsbrougbs and Broken Hills were both quoted lower, the former from 33s 3d to 345, and the latter between 75s 3d and 75s 9d. Woolworths improved, with buyers at £5 and sellers 3s higher. Bank of New Zealand Debenture Stock was quoted £lO2 and £lO3.