LATE COMMERCIAL

Evening Star, Issue 22453, 25 September 1936, Page 12

LATE COMMERCIAL

LONDON STOCK EXCHANGE. Press Association —By Telegraph—Copyright LONDON, September 24. (Received September 25, at 1 p.m.) The following are the latest quotations of Government securities; —

BANK OF ENGLAND RETURNS. Press Association —By Telegraph—Copyright LONDON, September 24. (Received September 25. at 11.30 a.m.) The following is the Bank of England return; — ISSUE DEPARTMENT. Note issue in circulation Bank department ... ®2|00,000 Government securities Other securities 500,000 Silver coin 300,000 BANKING DEPARTMENT. Public ' denosits' 10.400,000 Bankers’ deposits Other accounts ... 38,800,000 Government securities RVjoo.iwo Discounts and advances 7,900,000 Other securities cr’cm’nm Notes in reserve ... fa 3,500,000 Rate of reserve to liabilities is 40.45 per cent. Bank of England discount rate remains unchanged at 2 per cent. FOREIGN EXCHANGES. (British Official Wireless.) Press Association —By Telegraph—Copyright RUGBY, September 24. (Received September 25, at 1.30 p.m.) The following are the mean dosing rates: — Paris, franc to £1 ... £6 jp'64 New York, dollar to £1 3.05,15-15 Montreal, dollar to £1 5.05 i Brussels, belgas to £1 29.961 Geneva, francs to £1 nUa i Amsterdam, florin to £1 7.48 Milan (nominal), lire to £1 ... 64 7-16 Berlin, reichsmarken to £1 ... 14.50 Stockholm, kroner to £1 iX"” 4 Copenhagen, kroner to £1 “ „ Oslo, kroner to £1 lf-?0 Vienna, schillings to £1 2b| Prague, kroner to £1 122 a Helsingfors, marks to £1 22< . Madrid, pesetas to £1 '. Lisbon, escudo to £1 119 3-16 •Athens, drachmae to £1 533 •Bucharest, lei to £1 67° Belgrade, dinars to £1 222 Warsaw, zlotys to £1 ... ... ... 26.93 •Rio do Janeiro, pence to railreis Buenos Aires, pence to dollar ... 36 •Montevideo, pence to dollar ... 38 9-16 Bombay, pence to rupee 184 Shanghai, pence to dollar 14 9-32 Hongkong, pence to dollar ... 14 27-32 Yokohama, pence to yen 141-32 Batavia, florin to £1 7.46 •Sellers. BUTTER AND CHEESE. Press Association —By Telegraph—Copyright LONDON, September *24. (Received September 25, at 1.30 p.m.) Butter is steady after a, decline. Salted Australian and choicest New Zealand, 100 s; unsalted, 100 s. Danish, 120 s. Cheese is quiet. New Zealand white, 67s to 67s 6d; coloured _ 65s to 65s Bd. No Australian was offering. The National Mortgage and Agency Company of New Zealand Limited is in receipt of the following cable from its London principalsßutter: Market steadier. New Zealand finest. 995, 100 s; New Zealand first, 98s, 995; Danish, 1225; Danish, f.0.b., 98s; Australian. 100 s. Cheese: Market quiet. New Zealand white, 675, 67s 6d; New Zealand coloured, 655, 65s 6d. ' Messrs A. S. Paterson and Co. Limited are to-day in receipt of the following cable advice from their principals, Messrs J. and J. Lonsdale and Co. (London) Ltd :—Butter market firm. New Zealand-Australian, 100 s; Danish, quiet, 98s (landed cost 119 s). Cheese market steady. White cheese, 675, coloured 64s 6d. BEET SUGAR. Press Association—By Telegraph—Copyright LONDON, September 24. (Received September 25, at 1 p.m.) Beet sugar, 4s 1 7-Bd. • WHEAT, FLOUR, ETC. Press Association—By Telegraph—Copyright LONDON, September 24. (Received September 25, at 1-30 p.m.) Wheat cargoes are firm. Parcels are dearer. Futures: London—October, 37b Bid; January, 88s Id. Liverpool— October, Ss Ud; December, 6s 0 Scl; March, 7s 3d. The spot trade is moderate, mostly higher prices. Australian (ex ship), 42s 3d. , . Flour is firm. Australian (ex store), 29s- to 30s. Chicago futures: September, 1184 cents per bushel; December, 1174; May, 116. BULOLO SHARES. •row Association—By Telegraph—Copyright LONDON, September 24. (Received September 25, at 1 p.m.) Bulolo mining shares are quoted at 116 s 3d. SYDNEY STOCK EXCHANGE, Press Association —By Telegraph—Copyright SYDNEY, September 24. (Received September 25, at 2 p.m.) Bonds: 3J per cent. 1949, £95 ss; 3| per cent. 1912, £lOl 10s; 3J per cent. 1951, £9B ss; 4 per cent. 1950, £lOl 10s; 4 per cent. 1955, £lOl 12s 6d. Shares: Tooth’s, 575; British Tobacco, 44s 3d; Broken Hill Proprietary, 76s 6d; Dunlop Pcrdrinu, 18s 9d; Morns, Hcdstrom, 265.

THE WOOL MARKET. LONDON SALES. Press Association— By Telegraph—Copyright LONDON, September 24. (Received September 25, at 1 p.m ) At the wool sales 10,618 bales were offered including 5,138 from New Zealand, The total sold was 8,246 bales. Although the selection was poor tbo demand from the home trade was active for best kinds, but inferior sorts were heavily withdrawn. New Zealand lots sold as follow: Slipe half-bred lambs, “ Fairfield,” top price, 18d, average 17d; greasv cross-bred, ‘‘T in Diamond,” 14d and 12Jd. ADELAIDE WOOL SALES. Press Association; —By Telegraph—Copyright ADELAIDE, September 25. (Received September 25, at 11 a.m.) Satisfactory prices were realised at the wool sales, the demand exceeding expectations. Bradford was the leading buyer. Germany gave good support, but Japan did not operate. There was strong competition for second grade and shabby wools, which brokers had expected to be difficult to sell. The estimated price for greasy wool was 11.25 d per ib. MOUNT LYELL SHARES. Press Association—By Telegraph—Copyright LONDON, September 24. (Received September 25, at noon.) Mount Lycll shares are quoted at 23s 9d. ■ SALES ON ’CHANGE: THIS,DAY., Wellington.—Bank of New Zealand, £1 18s 6d. • , Christchurch. —G. J. Coles : (cum rights and cum div.! 81s 9d (4); Gillespie’s' Beadi, Is 4|d (2); Mount Lyell, 29s sd; -Mount Morgan, 12s Reported: Canterbury Frozen Meat (late sale yesterday), £9 6s; Maori Gully (late sale yesterday), 7d; Mount Lyell, 29s 6d. Unlisted: Woolworths (Sydney, ord.). £5 5s 6d. Auckland. —Morning call: Broken Hill (rights), 2s 4d, 2s od; Wairakei, 6s- A P.A., 15s 6d; Woolworths (Sydney), £5 6s. Noon call: Broken Hill (rights), 2s 'Bd ; 'Mount. Morgan, 12s 10Jd 12s lOd; Commercial Bank, 18s 3d; Huddart Parker, 35s 6d; New Zealand Insurance, 61s 3d. Our Auckland correspondent telegraphs After a busy period yesterday afternoon, the exchange again slowed down this morning, with a small turnover. There were inquiries in the banking and insurance sections, but buyers limits were kept down, and no business resulted. Bank of New Zealands were again quiet, with a market between 38s and 39s 3d. Gas shares were easier, with sellers at 23s Id and buyers still at 22s lOd. In Australian issues the special feature was the neglect o.f Electrolytic Zincs. There were sellers of ordinaries at 44s 3d, but no buyers for either ordinaries or preferences. Sellers of Broken Hills raised their limits to 76s 3d, but buyers remained at 75s 3d. Martha Mines were firm on the dividend announcement, with buyers at 18s 3d, and no sellers. Government Stocks were in demand for all issues, but the only sellers were 1940’s at £lO2. Wool-, worths (Sydney) _ were steady between £5 6s and £5 7s.

Consols, Z'i per cent £84 17 6 Funding Loan, 4 p.c., 1968-90 ... 118 7 6 Assented War Loan 107 17 6 Conversion Loan, 3£ 107 18 9 Victory Bonds, 4 115 11 3 Commonwealth. 5, 1945-75 112 6 3 Commonwealth, 51, 1936-37 102 2 6 4, 1943-48 105 8 9 Commonwealth, 3}, 1948-53 104 10 0 Commonwealth, 3i, 1956-61 100 2 6 *CommonwoaIth, 3, 1955-58 94 12 6 New South Wales, 41, 1935-45 ... 101 13 9 Victoria. 3, 1929-49 ... 99 8 9 Victoria, 4$. 1940-60 106 10 0 Victoria, 5, 1945-75 in 18 9 Queensland. 3, 1922-47 100 0 0 Queensland, 5. 1940-60 107 11 3 South Australia, 3, 1916 (opt.) 89 8 9 South Australia, 5, 1945-75 111 12 6 West Australia. 4. 1942-62 103 12 6 Tasmania, 3j, 1920-40 102 15 0 Tasmania, 4, 1940-50 103 z 9 New Zealand, 4y, 1948-55 107 13 9 New Zealand, 34, 1940 103 ■2 6 New Zealand, 3, 1945 100 7 6 *Ex div.