COMMERCIAL

Evening Star, Issue 22459, 2 October 1936, Page 12

COMMERCIAL

FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph —Copyright RUGBY, October 1. (Received October 2, at 1.30 p.m.) The following are tho mean closing rates: — Paris, franc to £1 New York, dollar to £1 95JMontreal, dollar to £1 93| Brussels, belgas to £1 29.25 Geneva, francs to £1 21.45 Amsterdam, florin to £1 9.10 Milan (nominal), lire to £1 ... Berlin, reichsmarken to £1 ... 27) Stockholm, kroner to £1 19.39) Copenhagen, kroner to £1 22.40 Oslo, kroner to £1 19.90 Vienna, schillings to £1 26J Prague, kroner to £1 120 Helsingfors, marks to £1 227 Madrid, pesetas to £1 Nominal Lisbon, escudo to £1 110 3-16 “Athens, drachmae to £1 548 ’‘Bucharest, lei to £1 ...■ Belgrade, dinars to £1 “Warsaw, zlotys to £1 26.12 “Rio de Janeiro, pence to milrcis 4) Buenos Aires, pence to dollar ... “Montevideo, pence to dollar ... • Bombay, pence to rupee 13) Shanghai, pence to dollar 14 5-16 Hongkong, pence to dollar ... 14 29-32 Yokohama, pence to yen 14 Batavia, florin to £1 9.00) “Sellers. LONDON STOCK EXCHANGE. Press Association —By Telegraph—Copyright LONDON, October 1. (Received October 2, at 1 p.m.) Tho following arc the latest quotations of Government securities; —

BULOLO SHARES. Press Association—By Telegraph—Copyright LONDON, October 1. (Received October 2, at 1 p.m.) Bulo'lo mining shares are quoted at 115 s. NEW GUINEA GOLD SHARES. Press Association—By Telegraph—Copyright LONDON, October 1. (Received October 2, at 1 p.m.) New Guinea Gold shares are quoted at 4s. MOUNT LYELL SHARES. Press Association—By Telegraph—Copyright LONDON, October 1. (Deceived October 2, at 1.5 p.m.) Mount Lyell shares are quoted at 23s 3d. BEET SUGAR. Press Association —By Telegraph—Copyright LONDON, October 1. (Received October 2, at 1 p.m.) Beet sugar, 4s 3Jd. $ BRADFORD MARKET. Press Association—By Telegraph—Copyright LONDON, October 1. (Received October 2, at 11.30 a.m.) Bradford Tops.—Merinos: Seventies, 33id; sixty-fours, 32d; sixties, 31d. Cross-breds: Fifty-eights, 25Jd; fiftysixes, 20id; fifties, 16d; forty-sixes, I4d; forty-fours, 13jd. Business is limited, the majority of firms appearing to avoid important commitments pending the international position becoming more settled. RUBBER MARKET. Press Association —By Telegraph—Copyright LONDON, October 1. (Received October 2, at 1.5 p.m.) Rubber Stocks.—London, 43,993 tons; Liverpool, 59,791. BUTTER AND CHEESE. Press Association—By Telegraph—Copyright LONDON, October 1. (Received October 2, at 1.30 p.m.) Butter is quiet. Kangaroo and choicest New Zealand, 104 s. Unsalteds the same. Danish, 120 sto 1225. Cheese: New Zealand white, 7le; coloured, 68s. No Australian is ingAUSTRALIAN MARKETS. Press Association—By Telegraph—Copyright SYDNEY, October 1. Wheat.—At country sidings 4s 2d, equal to about 4s Bid, ex trucks, Sydney. Flour, £l2 ss. Bran and pollard. £6 10s. Potatoes.—Tasmanian, £lO 10s ; ochers, £8 10s. Onions.—Victorian brown, £lB. Maize, 4s Od. TIN SUPPLIES. Press Association—By Telegraph—Copyright LONDON, October 1. (Received October 2, at 1.20 p.m.) Tin: World’s visible supplies, 12,663 tons; Straits carry over, 2,476 tons; supplies 7,592; deliveries, 9,354.

WHEAT, FLOUR, ETC, Press Association—By Telegraph—Copyright LONDON, October 1. (Received October 2, at 1.30 p.m.) Wheat cargoes arc fairly steady. Quotations arc lower. Parcels are quiet. Futures; London—October, 37s 3d; January, 37s 8)d. Liverpool—October, 8s Old; December, 7s llfd; March 7s sijd. The spot trade is quiet. Flour. —Australian, ex ship, 425; ex, store, 23s (id to 30s. Chicago futures: December, 113,1 cents per busnel; May, 111 5-8; July. jßi. BANK OP ENGLAND RETURNS. Press Association—By Telegraph—Copyright LONDON, October 1, (Received October 2, at 11.30 a.in.) The following is the Bank of England return ; ISSUE DEPARTMENT. Note issue in circulation £149,400,000 Bank department 59,200,000 Government securities 248,400,000 Other securities 300,000 Silver coin 300,000 BANKING DEPARTMENT. Rest 3,700,000 Public deposits 49,700,000 Bankers’ deposits 60,700,000 Other accounts 41,000,000 Government securities 81,300,000 Discounts and advances 8,500,000 Other securities 20,400,000 Notes in reserve 60,400,000 Rate of reserve to liabilities is 39.87 per cent. Bank of England discount rate remains unchanged at 2 per cent. LAWSON’S FLAT SLUICING. The Lawson’s Flat Gold Sluicing Company Ltd. reports that the return for the two weeks ended September 30 was 520 z lldwt of retorted gold. SALES ON ’CHANGE: THIS DAY. Christchurch. —Huddart, Parker, 34s 6d (odd parcel); Canterbury Frozen Meat, £9 Ils 6d; Broken Hill Proprietary (rights to Wellington alluvials), 2s 8d; G. J. Coles (cum div. and ex rights) 775; G. J. Coles (rights), 35s 6d; Wilcox, Mofflin, 11s; Maerewhenua, 2d; Mossy Creek, Is 3|d; Worksop Extended, Is 9d; Mount Morgan, 14s Id (3) ; National Bank of Australasia (£5 paid), £7 Is. Reported: 4 per cent. Inscribed Stock (1946), £lO4 ss; Electrolytic Zinc (ord.), 43s 4d; Kauri Timber, 24s Bd. Unlisted: New Zealand Perpetual Forests (Perpetual Forests). 52s 3d. Wellington.—Wellington Gas, 38s; Staples, 34s 9d; Taranaki Oil, Is 6d; Mount Morgan, 14s Id and 14s; National Bank of New Zealand, 60s; Kauri Timber, 24s 9d and 24s 9d; Woolworths (New Zealand), £5 3s; Shillings, 17s 9d. Auckland.—Morning call: Molyneux, 2s; Mount Morgan, 14s; Martha, 20s; Farmers’ Auctioneering (B pref.), 21s 6d. Noon call: Mount Morgan, 14s Id; Martha, 20s Id; Cement, 36/6; New Zealand Stock (1938-52), £104; Newton King (pref.), 7s. Our Auckland correspondent telegraphs : There has been little activity on ’Change over the last' 24 hours, and only four sales were recorded at this morning’s call. The rest of the bidding failed to reveal real strength in any section. Amongst the banks, Australasias were quoted ex div. with buyers at £ll 10s and no sellers. Commercials were better, with a market between 18s 3d and 18s 7d. New Zealands were again on offer at yesterday’s sale price of 38s 6d, with buyers back to 38s. In the insurance section, New’ Zealands were weak, with sellers at 61s 6d and no buyers. Nationals were firm between 18s 9d and 19s 2d. South British buyers moved up to 90s without selling response. The chief feature in the mining section was the easing in Mount Morgans, which sold lower at 14s. Marthas had fresh business at 20s, and more were wanted, sellers standing at 20s 2d. Molyneux came on tho sales list with a transaction at 2s, compared with Is 6§d on August 31. Australian issues got normal support, but no business resulted. In Government stocks, the 1938-52’s were- available at £lO4 10s, Local body issues were offered more freely, quotations including three issues of the City Council.

Consols, 2i per cent. ... £85 10 0 •Funding Loan, 4 p.c., 1968-90 ... 117 1 3 Assented War Loan 107 12 6 Conversion Loan, 3£ ... 107 16 3 Victory Bonds, 4 115 8 9 Commonwealth, 5, 1945-75 112 10 0 Commonwealth, 3J, 1936-37 100 10 0 Commonwealth, 4, 1943-43 105 3 9 Commonwealth, 3$, 1948-53 104 12 6 •Commonwealth, 3i, 1956-61 100 5 0 Commonwealth, 3, 1955-58 94 12 6 New South Wales, 4£, 1935-45 ... 101 16 3 Victoria, 3, 1929-49 99 10 0 Victoria, 4J, 1940-60 106 18 9 Victoria, 5, 1945-75 111 17 6 Queensland, 3, 1922-47 99 15 0 Queensland, 5, 1940-60 ... ... 107 8 9 South Australia, 3, 1916 (opt.) 89 17 6 South Australia, 5, 1945-75 112 3 9 West Australia. 4, 1942-62 Tasmania, 3j, 1920-40 103 15 0 102 12 6 Tasmania, 4, 1940-50 103 2 6 New Zealand, 1948-55 107 10 0 New Zealand, 3£, 1940 103 1 3 New Zealand, 3, 1945 *Ex interest. 100 12 G