COMMERCIAL

Evening Star, Issue 22456, 29 September 1936, Page 12

COMMERCIAL

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;— U.S.A. Canada. (Per £1 N.Z.) (Per £1 N.Z.) SELLING— I T.T. (dol) 3.95| 3,95} O.D. (dol.) 3.964 3.96 BUYING— T.T. (dol.) 4.C0 3.991 O.D. (dol.) 4.01-i 4.01 BRADFORD MARKET. Pro** Association—By Telegraph—Copyright LONDON, September 28. (Received Septofiiber 29, at 1 p.m.) On the Bradford market there was a general tendency to avoid commitments until the Continental situation has been clarified, the topmakers adopting a protective attitude. Quotations are firm. MOUNT LYELL SHARES. Pros Association —By Telegraph—Copyright LONDON, September 28, (Received September 29, at noon.) Mount Lyell shares are quoted at 23s 3d. NEW GUINEA GOLD SHARES. Press Association—By Telegraph—Copyright LONDON, September 28. (Received September 29, at 1.5 p.m.) New Guinea Gold shares are quoted at 3s 9d, LONDON WHEAT MARKET. Press Association—By Telegraph—Copyright LONDON, September 28. (Received September 29, at 1 p.m.) Wheat cargoes are firm. Parrels are quiet. Futures —London: October, 37s s}d; January, 38s 2d. Liverpool: October, 8s: December, 7s Hid; March, 7s 6d. Chicago wheat quotations. December, 113} cents per bushel; May, 112}; July, 100}. SALES ON ’CHANGE: THIS DAY. Christchurch. —E.S. and A. Bank, £5 16s (2); 4 per cent, inscribed stock (1937-40), £102; Bank of New South Wales, £32 10s (2); N.Z. Breweries, 52s (2); Broken Hill Proprietary (15s paid), 575, 56s lid; G. J. Coles (cum rights and cum div.), 82s; Kauri Tim; ber, 24s fid; Mount Lyell, 29s 6d (2); Mount Morgan, 13s 6d (2), 13s 7d, 13s 8d (5), 13s 7d (5). Unlisted: Woolworths (Sydney, ord.), £5 5s 6d (3). Wellington.—Bank of New South Wales, £32 10s; Taupo Totara, 9s lOd; Staples’,' 34s 9d; Broken Hill (rights), 2s 8d and 2s 7d; Mount Morgan, 13s 7d. Auckland.—Morning call: Broken Hill (rights), 2s 9d; Grand Junction, 3s 4d; Martha, 19s 6d, 20s; Coles, 82s; Woolworth’s. £5 3s; New Zealand Loan and Mercantile, £35; New Zealand Stock (1952-55), £lO5 15s. Noon call; Broken Hill, 765; Rights, 2s 8d; Amalgamated Brick, 9s 6d; Waihi, 10s 6d; Mount Morgan, 13s fid; Glass, 92s 6d; Bank of New South. Wales, £32 10s. Our Auckland correspondent telegraphs: After the holiday the Stock Exchange opened the week with a good list of sales, and there was fairly steady bidding. A feature was the better tone in the mining section, due to the advance in the price of gold. Marthas sold first, at 19s fid, a shilling rise, and later at £l, with a subsequent market between 19s 9d and 20s 4d. Blackwaters were asked for at 325, Consolidated Gold at 15s, and Grand Junction also moved up with quotations at 3s 4d to 3s 7d, and buyers for Mount Morgans raised their limits to 13s 4d. ' In the banking section, Bank of New Zealands were steady between 38s 3d and S9s. New Zealand Insurances 'were easier, with sellers at 61s fid and no buyers. The Australian issues showed few important changes. In the brewery section Innes were quoted ex div., with buyers for ordinary at 23s and pref. at 22s 9d. Tooth’s were asiked for at 55s 9d, but New Zealands were again with-' out buyers, with sellers at 52s fid. Government stocks were steady.