COMMERCIAL

Evening Star, Issue 22458, 1 October 1936, Page 14

COMMERCIAL

THE MONEY MARKET. Press Association—By Telegraph—Copyright LONDON, September 30. (Received October 1, at 11 a.m.) Discount and short loan interest rates, day to day loans, A per cent.; fine trade bills, three months, 2 to 2\ per cent.; bank bills, three months, 9-16 per cent.; bank bills, six months, f per cent.; Treasury bills, two months, J per cent.; Treasury bills, three months, i per cent, NEW GUINEA GOLD SHARES. Press Association—By Telegraph—Copyright LONDON, September 30. (Received October 1, at 1 p.m.) New Guinea Gold shares are quoted at 4s 3d, MOUNT LYELL SHARES. Press Association—By Telegraph—Copyright LONE--I, September 30. (Received October 1, at 1.5 p.m.) Mount Lyell shares are quoted at 23s 3d. NEW YORK CALL MONEY. Press Association—By Telegraph—Copyright LONDON, September 30. (Received October 1, at 1.30 p.m.) New York call money is 1 per cent. SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copyright SYDNEY, October 1. (Received October 1, at 2 p.m.) Bonds; 3i per cent., 1948, £96 10s; 3i per cent., 1951, £9B 10s; 4 per cent., 1938, £lO2 7s 6d; 4 per cent., 1950, £lOl. Shares: Austral Gas A (new), £7 6s; Tooth’s, 55s 9d; Anthony Hordern, 18s 9d; Associated News (pref.), 245; British Tobacco, 445; Burns, Philp, 725; General Industries, 19s 3d; Millaquin Sugar, 42s 9d. BULOLO SHARES. Press Association-By Telegraph—Copyright LONDON, September 30. (Received September 1, at 1 p.m.) Bulolo mining shares are quoted at 112 s 6d.

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.)

NORTH BROKEN HILL. PROFIT OYER HALF-MILLION. [Per United Press Association.] WELLINGTON, October 1. Cabled advice has been received by the Stock Exchange Association of New Zealand that the audit of the of the North Broken Hill Ltd. for the year ended June 30 has been completed. It show's that the net profit of the company after providing for depreciation, taxation, and royalties amounted to £636,940. CORPORATION BUILDING LEASES. Messrs N. and E. S. Paterson Ltd. report having sold by auction at their rooms to-day on behalf of the Dunedin City Council the following corporation building leases: — Part sections 38, 39, and 263 r, _block V., Lower Kaikorai district (Kaikorai Valley road), to Messrs M’Lcod Bros. Ltd., for a term of 21 years, at the upset rental of £SO. Allotments 1 and 2, subdivision of sections 30 and 34, block VI., Dunedin (Manse street), to Mr George J. Barton, for a term of 21 years, at the upset rental of £262 10s. Lot 1 of allotment 4, subdivision of sections 30 and 34, block VI., Dunedin (Manse stret), to Linwood Investment Co. Ltd., for a term of 21 years, at the upset rental of £125 10s. Lot 2 of allotment 4, subdivision of sections 30 and 34, block VI., Dunedin (Manse street), to Linwood Investment Co. Ltd., for a term of 21 years, at the upset rental of £lO6 10s. Part section 26, block XVI., Dunedin (Moray Place and King street), to Messrs W. F. and J. H. Meek, for a term of 21 years, at the upset rental of £IBO. SALES ON ’CHANGE: THIS DAY. Christchurch.'—Dunlops, 17s 5d ; G. J. Coles, 76s 9d, 76s 6cl; Mossy Creek, Is 4]fl; Mount Morgan, 14s lOd; Rawang Tin, 9s 3d. Reported: Government 4 p.c. Bonds (1946), late sale yesterday. £lO4 ss. Unlisted; Woolworths (Sydney, ord.), £5 7s 6d. ; Wellington.—Woolworths (New Zealand), £5 3s; Taranaki Oil. Is 6d ; 4 per cent. Stock (1940), £lOl 17s 6d; Staples. 34s 93. J Auckland.—Broken Hill (rights), -s ; lOd ; Macky, Logan, 21s 3d; Auckland Gas, 22s 9d; Wilson’s Cement, 36s 3d;

Stock (1938-52) £lO4, 1943-46) £lO3 15s; Napier Wool, 17s 9d. Noon call: Consolidated Brick, 9s 6d; Kaiapoi, 14s 6d; Mount Morgan, 14s 6d; Auckland Gas, 22s 9d; Kauri, 24s 6d; Broken Hill, 76s Bd. Our Auckland correspondent telegraphs;—There has been little animation in the stock markets since the last report. The special feature has been the continued strength in gold mining shares. Mount Morgans, after active selling yesterday afternoon, from 14s 2d to 14s 9d were quoted at the first call this morning from 14s 6d to 14s 9d. Marthas were firm, with a market between 19s 8d and 20s 3d. In the banking section New Zealands were close to business with quotations from £1 18s 5d to £1 18s 6d. National Insurances were in demand, with buyers at 18s 9d and sellers 3s higher. Macky, Logans had their first sale since July at 21s 3d, ,an advance of Is 3d. Farmers’ Trading had business unchanged at 18s lOd, and a subsequent market between 18s 8d and 19s. In Australian issues, Broken Hills were slightly firmer between 76s 6d and 76s Bd. J. Coles were quoted ex rights, with a wide market, from 74s 9d to 77s 6d. Government stocks were in steady demand, and two sales were made at unchanged rates.

SELLING— T.T. (dol) ... ... 3.963 3.96| O.D. (dol) ... ... 3.97i 3.97i BUYING— T.T. (dol) ‘ ... ... 4.00i 4.00 O.D. (dol) ... ... 4.0114.01*