AUSTRALIAN STOCK EXCHANGES

Evening Star, Issue 22454, 26 September 1936, Page 13

AUSTRALIAN STOCK EXCHANGES

Pres* Association—By Telegraph—Copyright SYDNEY, September 25. The investment market was on the quiet side and weaker. Mandated Alluvials slumped 5s 6d. Retail trading shares were steady. £ Si a*

MELBOOTJRNE, September 25. The market generally was quiet, following the holiday. Gold shares were easier, and others about steady. Drug Houses dividend was 6 per cent, for the year, £' a. d.

CANTERBURY MARKETS [Pbe United Pbbss Association.] CHRISTCHURCH, September 25. The potato market has weakened consistently during the week, and trade for the past two days has been practically at a standstill. Quotations are only •' nominal, though prices have been dis- . proportionately high' in Auckland. The arrival there iirthe immediate future of adequate supplies should keep that market quiet. Shipments at cheaper rates than the current f.o.b. quotation ; for Lyttelton have been made to both c Auckland and Wellington from Dunedin and Bluff, and supplies there appear to be plentiful. The Port Fairy is now loading, and will take between 800 and 400 .'tons, for South America. No further boat for this quarter has yet been arranged, but " there is a chance that a further shipment will be made. r The wheat market continues steady, with only a fair trade, but with no alteration in prices. Chaff is weak, but there has been no further movement in prices since the fall at the beginning of the week. Blenheim quotations have been reduced, and this has influenced the market here. The small seeds market is quiet. Trading is limited but steady, and ' prices remain unaltered. Some fairly substantial Government orders have been filled in the past week. OVERSEAS TRADE THE LATEST RETURNS United Pbem Association,] WELLINGTON, September 25. The following are the overseas trade figures, excluding specie, for New Zealand foir the month of August, compared with the corresponding returns for August, 1935 and 1934. The figures are in New Zealand currency:—

The value of the specie excluded was as 1 follows: —For August, 1936—Exports, £7,645; imports, £3,300; and for the eight-monthly period ended August, 1936—exports, £45,245; imports, £17,340. BUTTER AND CHEESE The New Zealand Loan and Mercantile Agency Company Limited has received ’the ■ following advice from London, dated 23rd instant:— “ New Zealand choicest salted butter, 97s to 98s per cwt; market steadier. Cheese: White, 67s per cwt; coloured, 65s per cwt.; market slow. NEW MARKETING ACT EXTENSION TO MEAT AND WOOL UNNECESSARY • IPra United Peess Association.] INVERCARGILL, September 25. The Southland Provincial Executive of the Farmers’ Union to-day carried a resolution expressing the opinion that any extension of the Primary Products Marketing Act at the present moment so as to include meat and wool was unnecessary and would be unwise. It asked the Government for an assurance that no such steps would be taken without consulting that branch pf the industry. V ""

FOREIGN EXCHANGES OH NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates (to-day) for purchase and sales of foreign exchanges (all rates subject to alteration without notice): —

DOLLAR RATES. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates to-day on a New Zealand ‘ currency basis. They are subject to alteration without notice:—

THE SEARCH FOR GOLD NEMONA DREDGE RETURN , \ [Per, United Press Association.] GREYMOUTH, September 25. The Nemona dredge return was 430 z 14dwt (12,160 yards) for 112 hours’ work. MARTHA DIVIDEND The Martha Gold Mining Company QVaihi) Ltd. has declared an interim dividend of one shilling a share free of income tax. e THE METAL MARKET Press Association—By Telegraph—Copyright LONDON, September 24. The following are the official metal quotations:— Copper: Spot, £39 0? 7sd per ton; forward, £39 4s 4]d. Electrolytic: Spot, £43 ss; forward, £43 15s. Wire bars, £43 15s. Lead: Forward, £l7 18s 9d; spot, £l7 17s 6d. Spelter: Spot, £l3 16s 3d; forward, £l4 Is 3d. Tin:. Spot, £196 2s 6d; forward, £193 17s M. Silver: Standard, 19 7-16 d per oz; fine, 21d. GILLESPIE'S BEACH RETURN * The secretaries of Gillespie’s Beach a Dredging Company Ltd. advise that the return for the week ended » ept fmber 25 amounted to 750 z 12dwt tor 126 hours’ dredging. The dredge is working the full face.

Commercial Banking of ■ Sydney ... — •• .Commercial Bank or AusJL» 10 0 tralia 0 18 6 Adelaide Steam ... .. 1 8 4J Howard Smith 0 19 0 ' Australian Gas A ... . ... 7 8 0 British Tobacco ... ». ••• 2 4, 3 Drug Houses ... .. • ••• 1 11 9 Dalgety’s ... .... .. • ... 9 0 0 Goldsbrough, Mort .. 1 14 0, Winchcombe Carson .. 1 14 6 Morris Hedstrom 1 6 li Henry Jones ... ... 2 2 6 Millaquin Sugar ... .. • ... 2 2 9 Fairymead Sugar • ... 1 16 3 * Lustre ... ... ... .. • ... 1 5 3 i General Industries 0 19 lOi Australian Guarantee Cor- , poration > ••• 1 6 9 Mark Foy . ... 1 12 0 Broken Hill Propy. .. • ... 3 16 6 Lady Shenton ... .. • ... 0 2 3 Loloma ... ,. 1 2 9 .Mandated Alluvials ,. 1 7 0

Commercial Bank of Australia ... 0 18 7 National Bank (£5 paid) 7 2 0 National Bank (£10 paid) 14 10 0 Adelaide Steam ... ... 1 8 3 Howard Smith ... ... < 0 19 0 British Tobacco ... ... 2 4 0 6. J. Coles ... 4 S 6 Drug Houses . Dunlop Perdriau ... 1 11 4J 0 18 9 Dunlop Perdriau (pref.) 1,15 0 Goldsbrough, Mori ... 1 13 10i Electrolytic Zinc 2 4 3 Electrolytic Zinc (pref.) 2 6 0 Victorian Nyanza 0 12 10 Mount' Morgan ... ... 0 13 0 Mount Lyell ... ... 1 9 7J South Broken Hill ... 6 1 0 Zinc Corporation 4 1 9 Emperor ... ... 0 15 0 Loloma ... 1 3 1§ Upper Watut ... ... 0 3 0 Silverton Trams ... ... 1 18 0 Gordon and Gotch * Herald ’ and * Times ’ 2 11 6 3 9 6 Hume Pipe v 0 19 8 Myers ... 1 16 0

1936 ... Exports. £ E'xcess of Imports. Imports. £ £ ' ... 3,150,000 3,997,000 847,000 1935 ... 3,876,000 3,633,000 746,000 1934 ... 3,080,000 3,332,000 152,000 | For the eight months to August of the past three years the figures are as follows:— ' Excess of Exports. Imports. Imports. 1936 ... ... 43.06^000 . 27,388,000 14,6ft),000 1 1935 ... ... 33,303,000 33,287,000 9,916,000 1934 ... 37,430,000 19,856,000 17,574,000

London— Buying. Selling. £100 stg. N.Z. ... . . T.T. £124 £124 10/ O.D. £123 10/ £124 8/9 Australia— £A to £100 * N.Z . T.T. £101 £100 10/ Fiji— £P to £100 N.Z . T.T. £90 7/6 £89 New York— Dollar to £1 N.Z ... T.T. 4.05§ 4.01J O.D. 4.05* 4.023 Montreal— Dollar to £1 N.Z ... T.T. 4.05i 4.02 O.D. 4.06J ■ 4.02* Austria— Schillings to £1 N.Z ...T.T. - 21.08 O.D. - 21.10 Belgium— Belgas to £1 N.Z. ... T.T. — 23.760 O.D. — 23.771 Czechoslovakia— Crowns to £1 N.Z ... T.T. — 97.55 'O.D. , — 97.60 Denmark— Kroner to £1 N.Z. ... ... ... T.T. 18.203 17.893 O.D. ’ 18.263 17.903 France— , Francs to £1N.Z. ... T.T. — 61.19 O.D. — 61.23 Germany— Reichmarks to £1 N.Z ... MC. — 9.986 O.D. - 9.991 Holland— Florins to £1 N.Z ... T.T. — 5.958 O.D. — 5.962 Italy— Lira to £1 N.Z ... T.T. — 51.45 O.D. . - 51.50 JavaFlorins to £1 N.Z ... T.T. — 5.926 O.D. — 5.930 Norway— Kroner to £1 N.Z ... T.T. 16.181 15.891 O.D. 16.241 15.901 Sweden— Kroner to £1 N.Z ... T.T. 15.785 15.490 O.D. 15.845 15.500 Switzerland— Francs to £1 N.Z ... T.T. — 12.331 O.D. - 12.336 Noumea— Francs to £1 N.Z ... T.T. — 59.82 O.D. - 59.88 Papeete— Francs to £1 N.Z. ... ... ... T.T. — 59.97 O.D. - •60.03 Hongkong— N.Z. pence to 1 dollar ... T.T. 18 13-64 18 45-64 O.D. 18 11-64 18 11-16 India and Ceylon— N.Z. pence to 1 rupee ... T.T. 22| 22 21-32 O.D. 22 11-32 22 41-64 Japan— N.Z. pence to 1 yen ... .. T.T. — 17 17-32 ' O.D. - 17 33-64 Shanghai— i N.Z. pence to 1 dollar .. T.T. 17* 18 O.D. .17 15-32 17 63-64 Singapore— N.Z. pence’to 1 - dollar .. T.T. 34 25-32 35 13-64 O.D. 34g 35 3-18

U.S.A. Canada. (Per £1 N.Z.) (PerfilN.Z' SELLING— T.T. (dol) ...■ ... 4.01J 4.02 O.D. (dol) 4.02| 4!02i BUYING—» T.T. (dol) 4.05A 4.05* O.D. (dol) ... ... 4.06J 4.06$