FINANCE & MARKETS

Sun (Auckland), Volume III, Issue 898, 15 February 1930, Page 12

FINANCE & MARKETS

An Easier Tone MARKET ON ’CHANGE By ‘Noon Call.” THE slight depression of prices which set in about the middle of the week continues, and further declines hare been registered during the past 24 hours. The first rush to get in on the lower price levels has eased off, and, with a big number of holders still compelled to realise on their more easily negotiable securities as a result of temporary financial stress, the market is now slightly depressed; Australia is the main source of selling jiressure. The present easier tone is the natural reaction to the heavy trading of last week.

Fluctuation* Price movements, shown by a comparison of sales over the past 24 hours with the price at the time of the previous recorded sale, include:— Waihi Mining, rise of Id. Oalgety and Company, fall of ss. Business on the Auckland Market Business transacted, on the Auckland market over the past 24 hours included the following: Business yesterday afternoon.—Renown Collieries, 15s; Union Bank. £ll 3 7s; Dalgety and Company, £l2; Northern Steam, 13s 9d. Business this morning:—Bank of New Zealand, 57s 9d: Waihi Mining, 33s 6d; Renown Collieries (first pref.), 3s; Bank of New Zealand, 58s. Market This Morning After the activity of earlier in the week, the market no 'Change this morning seemed strangely quiet; there was little movement in any section, although the general tendency for most stocks which have shown the greatest activity over the past fortnight was toward slightly lower levels as a result of sustained selling pressure. In the banking group, sellers of • 'ommercials dropped to 23s 2d, with buyers in at 235; New- Zealands were easier and. following a sale at 57s f*d. buyers dropped to 57s 6d. Unions were also easier. Slightly more interest is being taken in the coal group; Renowns w-ere dealt with late yesterday afternoon at 14s; Pukemiros are a little easier, with sellers at 70s 6d. This company’s interim dividend is due next month. In the miscellaneous group Farm-

TO-DAY’S QUOTATIONS

Closing quotations at today's midday call were:—

FEILDING STOCK SALE Press Association FEILDIXG. Friday. There was a very large yarding at the stock sale today, and a bright tone prevailed. All classes of sheep sold well at advanced prices. Fat twotooths made 18s 7d to 235; ewes. 17s 5d to 20s 2d; wethers. 24s to 275. Store sheep: F. and F. ewes. 14s Id to 22s lOd: two-tooth breeding ewes, up to 3s Id: others from 23s lOd; four-tooth breeding ewes to 33s 6d; four and five-year ewes, 21s Sd to 24s 6d; rape lambs, to 14s lOd; black face lambs 32s Id to 15s lOd; ewe lambs. 12s Id to 20s. Store cattle: Dairy cows to £4 17s 6d; Jersey heifers. £5 15s; mixed breed heifers, £4 2s 6d to £4 375; 18-month .heifers, r.w.b.. £5 14s; weaner heifers, £2 10s. Fat cattle: S.H. cows and heifers, to £9 13s 6d: Polled Angus bullocks. £l4 6s; potter bulls. £lO 10s. KAURI GUM EXPORTS Returns presented to this week’s •meeting of the Kauri Gum Control Board showed gum exported during December, 1929, as follow:

ers* Trading ordinaries meet with a steady demand at 5d above par; Farmers’ Fertilisers are a little easier, with sellers at 22s supported by buyers at 20s. Northern Steams are quietly active around 13s 9d, a. price which allows a return based on the last dividend, of approximately £ 8 8s 9d per cent. Kawarau Mining There are hopes of the Kawarau gold mining scheme being revived in the immediate future, states a Dunedin message. The amalgamation of the various interests has been practically arranged, and negotiations with the parent company have been in progress for some time. The latest information is that these are almost completed. Once an agreement is reached no time will be lost in making a movement toward further development. In fact arrangements to that end are already completed by claimholders. An overseas representative was in the district last week and had a conference with the local holders. He outlined a. most interesting programme, which is to be put into operation and one of the first steps will be the obtaining of a report from a highly competent engineer from Australia. * * * Dividends Payable Due. Victoria Nyanza Sugar—final for last ‘financial year, 5 p.c., and Interim for current year, 2J p.c Feb. 25 Broken Hill South—quarterly, 2s a share Feb. 26 Bank of New South Wales, quarterly, 2£ per cent Feb. 27 Electrolytic Zinc—interim, ord. and pref., 12 p.c. p.a. .. Mar. 6

TE AWAMUTU STOCK SALE The New Zealand Loan and Mercantile Agency Company. Limited, Hamilton, reports:—At our Te Awamutu sale yesterday we had a heavy yarding of fat and store cattle, sheep and pigs. Beef was penned in full supply and sold at late rates. Store cattle and sheep met with a good demand, and we effected a total clearance at most satisfactory prices. Fat steers made £ll 15s to £l2 17s; lighter ditto, £lO 2s to £lO 15s; prime fat cows and heifers, medium weights, £S 10s to £9 11s; light ditto, £7 4s to £8 6s; plain fat cows, £6 5s to £7; fleshy boner cows, £4 15s to £6; others. £3 10s to £4 4s; 41-year-old forward S.H. bullocks. £3 3 3s to £l3 ss; 35-year-old ditto, £lO 10s to £ll 2s 6d; 18-months-old steers, £6 6s; best weaner Jersey heifers, £6 17s 6d to £4 10s; medium quality ditto. £3 3s to £3 14s: small ditto and mixed class. £2 5s to £3: dairy cows, £9 10s to £ll ss: heifers, £8 5s to £9 15s; bulls for works, £5 5s to £7 10s; F.M. ewes. 10s 4d to 13s 6d; shorn wether lambs. 12s 9d to 14s Id; small ditto, 6s to 8s 4d: woolly lambs. 13s 5d to 15s Id; small ditto. 10s to 11s lOd; 2-tooth wethers. £1 Is 4d to £1 2s lOd: 2-tooth ewes, £1 6s; 1-shear Southdown rams, 3gns; 1-shear Romney rams, 3 to 33gns: heavy porkers. £3 3s to £3 7s; light ditto, £2 12s to £2 17s; good stores, £1 18s to £2 6s* slips, £1 8s to WHANGAROA DAIRY CO. Shareholders in the Whangaroa Dairy Company are invited to attend a special meeting on Thursday next to discuss a proposal for the building of a new factory. The directors have arranged finance, subject to the approval of shareholders, the only alteration necessary in payments to suppliers being an increase from id to id a pound for but-ter-fat supplied for share capital. This will enable the whole to be refunded in five years. The shareholders will also be asked to sanction an Increase in share capital. Tenders are to be called for all cream, collecting contracts for a fiveyear period. The directors have decided to pay out is lid a lb for first grade and Is 2d a lb for finest butter-fat supplied during January.

BUTTER AND CHEESE FIGURES FOR JANUARY INCREASE FOR SEVEN MONTHS Butter received at the grading stores in Auckland for the month of January amounted to 172,387 cwt. This is an increase of 17,075 cwt, compared with the figures for January, 1929. There was a decrease in the amount of cheese coming forward, the figures being 37,574ewt lor January, 1330, and 40.162 cwt for January, 1929. For the seven months of the season this year the yield in dairy production is approximately eight per cent, in advance of that for the corresponding period of last season and constitutes a record for the province. Although there has been a decrease generally in prices the corresponding increase in the amount produced will mean that the farmers will maintain their past average. The season’s prospects are most optimistic. The average price paid for butterfat last season was Is 4|d a lb. The total butter-fat production in the province for the first seven months of the season was 78.693.0001 b. which furnished a return of approximately £5.492.000. So far this season the return has been valued at approximately £5.480.000. the average price being Is 3ld a lb for 84.850.0001 b of butter-fat. The estimated decrease amounts to about £12,000, or 0.2 per cent., with several months yet to come. The following table shows the Quantities of butter and cheese received In the grading stores at Auckland for January, followed by the receipts to date for the season and quantities in store at the end of January. Comparison is made with the figures for the corresponding period of last season; —■ •

At the end of January there was more than double the quantity of butter in store compared with the corresponding month of last year and 50,000 cwt more than the amount in store at the end of December. There is still over 65 per cent, of cheese in store compared with last season’s figures and over 80 per cent, more than December’s figures. Details of the production of butter and cheese for the first seven months of the season (given in pounds of butter-fat) are given in the followingtable. Comparison is made with the corresponding period of the previous season:— &

Totals 84,850.000 78,693,000 The Dairy Produce Board has allotted space for the shipment of 648,580 boxes of butter and 250,800 crates of cheese on ships leaving New Zealand between February 20 and April 15. The following table shows both Auckland and Dominion total shipments, the number of boxes of butter and crates of cheese, the date of departure from New Zealand and the date of arrival in England. The top figures in each shipment are butter and the lower ones cheese:

Produce tor the West of England ports will be taken on the Turakina Karamea, \V estmoreland, Cumberland. Matakana and the Port Victor. Butter for Halifax will be taken on the Somerset and the Herminius. LONDON MARKETS LONDON, Friday. (Quotation on February 10, in parentheses). Copper.—Spot. £7l J7s 6d £74 7 S 6d L\ three months, £69 (£ 69.18 s 9d). , oi? C , t^ 0 ! ytl ?_ Copper.—Spot. £S3 10s (-.83 10s); three months, £B4 5s (£S4 os). Wire Bars.—£B4 5s (£B4 ss). Lead.—Spot, £2l 13s 9d (£2l 10s)three months, £2l 11s 3d (£2l 11s 3d) <m? pe ll eiV ~ Spot ' £l9 lls 3 d (£l9 13 ®d); three months, £2O Is 3d (£2O Tin.—Spot, £173 16s 10»d (£173 6s 3s 9d) ree months - £176 i3s 9 d (£I7S Silver.—Standard, 20 3-8 d (?0 5-1 Gd) an oz.; fine, 22d (21 15-16 d). BRADFORD TOPS The Bradford tops market is marking time and little business is bein" done. Quotations are: Sixty-fours 295“ sixties. 27d; fifty-sixes. 22d; fifties’lSd : forty-sixes, . 15td : forties, 15id. WHEAT AND FLOUR

Wheat.—Cargoes are steady. Quotations are occasionally higher, but trade is quiet. Parcels: Manitobas are. occasionally 3d dearer, but with plentiful offers. La Plata: Ho advance. Ex Citv of Glasgow. 42s lOJd: ex Puriri, 42s Od i-utures: London. March. 39s lOd a sUk/Y’ May> 40s 2d - Liverpool: March cental: May, 8s 10 July 9 S sh?p, s 4d trade Austraii -’« 3of 6°d Ur '~ QUiet ' Austra!ian ’ ex store, Oats.—Dull. Peas.—Quiet. Beans.—Steady. CHICAGO WHEAT MARKET CHICAGO, Thursday. Wheat.—March, 1 dollar IS 7-S cents a bushel: May. j dollar 22 7-8 cents ; Tuly - 1 dollar 22 7-S cents: September. 1 dollar 26 cents.

CANTERBURY LAMB QUALITY DECLINING POINTS FOR AUCKLAND FARMERS Following on the big increase in fat lamb raising which lias taken place in the Auckland Province, over the past year or so, a warning given to Canterbury farmers recentl> makes interesting reading. Canterbury producers are not giving the Smithlleld - market the right type of lamb carcase, according to Mr. D. W. Westenra, who has just returned from a trip 1 to England; he addressed the Canterbury A. and P. Association this week. He paid several visits to Smithfield, said Mr. Westenra. and spoke to butchers and stallholders. He was asked by the market people what had happened to Canterbury lamb. He was told that the lamb was now being bred on wrong lines, and that the Corriedale lamb unit for the Smithfield market had too long a shank and lacked in taste. Tie had seen butchers cutting small shoulders in half, and was told that this had to be done in order to sell it. What they wanted was a carcase with a short leg and a nuggety one which tasted well. The less rape a lamb got, the better it tasted, and the aim should be to get as many fat lambs off the mothers as possible. One butcher who had been buying Canterbury lamb and mutton for 30 years, informed him that he now bought Southland and North Island lamb, considering the Corriedale lamb unfit for the Smithfield market. Canterbury farmers, Mr. Westenra continued, would have to produce a better carcase. What was wanted, he felt, was a lamb of the Southdown cross. In the Argentine, which had increased its export of lamb enormously, they haa a good line of breeding ewes, and were going to use the Southdown ram. The Argentine was going to hit New Zealand unless the Dominion produced a better carcase. Smithfield did not want a lot of heavy carcases. It was hard to ask farmers to change over, but it would be for individual farmers to decide the cross that would suit their particular country best. The Ryeland or English Leicester should produce a suitable carcase, mated with the right kind of ewe, and a strong-woolled Corriedale ewe was suitable for breeding fat lambs on the plains. Mr. Westenra also warned farmers about supporting overseas meat exporting companies. They should support their own companies, or they would find themselves at the mercy of the overseas companies, which would give what they liked for the stock. Mr. W. J. Jenkins, who was also in London recently, supported all that Mr. Westenra had said. FOWL WHEAT EASIER MARKET IN CANTERBURY Press Association CHRISTCHURCH, Friday. Wheat is now coming on to the market but not in any great quantity. Yields varying from 25 to 60 bushels an acre have been reported, and the general opinion seems to be that the average will be in the vicinity of 31 or 32 bushels an acre. Some of the lines so far offered have not been of very good quality, but others have been quite good. Pool prices remain unchanged. Fowl wheat has weakened a little, and today is quoted at 5s llid to 6s a bushel, f.0.b., sacks extra, for prompt delivery, and at 5s 9d to 5s lOd for March-Junfe delivery. There has been a little movement on the oats market, and now that the price has reached about 4s a bushel merchants' have been making inquiries with a view to ascertaining at what figure Canadian oats could be landed in New Zealand. The information so far to hand does not show that Canadian oats can be landed here at a price to compete with the locallygrown article. A Gartons for spread delivery are quoted at 4s Old, f.0.b.. s.i., Duns have been sold at 4s Oid to 4s 9d, Algerians at 3s lOd and B grade Gartons at 3s 6d. on trucks in each case. The market for chaff, is firm at £5 15s a ton for old and £4 15s for new. both on trucks. Potatoes have weakened since the mid-week report, and are now quoted at £4 12s 6d a ton for April-May-June, and £5 15s f.0.b.. s.i. for AugustSeDtember delivery. The only change to report in small seeds is in regard to Akaroa cocksfoot. Some lines have been on offer during the past few days, and they show fairly good quality. Up to 9Jd a lb. has been paid for farmers’ dressed lines of high quality. FOREIGN EXCHANGE RATES United P.A. — Bi) Telegraph—Copyright LONDON, Thursday. The following rates on foreign exchanges are current today, compared with the cabled quotations on February

CONSOLS AND STOCKS The following table gives quotations for consols and colonial inscribed stocks, compared with those of February 6: Varia-

Gold is quoted today at 84s 11 id an 0 7.. Call money was at 1 per cent, all day.

DULL BUTTER MARKET DAIRY PRICES IN LONDON LONDON, Thursday. The butter market is dull. Danish is quoted at 1755; choicest salted New Zealand, 150 s to 1525; Australian, 147 s to 148 s; unsalted New Zealand, 170 - Australian, 150 s to 1525. The cheese market is quiet. New Zealand, coloured, is quoted at 88s • white, 90s; Australian sorts, Is less. AUCTION NOTES Samuel Vaile and Sons. Ltd., instructed by the mortgagee,, will sell by auction at their rooms. Queen Street, Friday, February -S. at 2 p.m., the following properties.—House of five rooms, at White Swan Road, Avondale: house of four rooms at 27 Gordon Road, Mount Albert; dwelling o_t tour rooms, at Meola Road, Point LUevaher: house of six rooms, at 38 Queen Mary Avenue, Epsom; house of five rooms, Hi mu Street, New Lynn; also farmlet situated View Road, Henderson. AUSTRALIAN WHEAT SIDNEY, Fr ida y. The latest estimates of production disclose that the wheat crop of Australia for 1929-30 should realise about 19,000,000. The production is expected to reach 123,000,000 bushels, of which 50,000,000 bushels will be available for export. BUTTER AND CHEESE Merchants report receipt of overseas cables as follow: Amalgamated Dairies, from its London office under date February 13: “Butter: Anchor. 1545; other finest, generally 151 s. Cheese: White, 90s; coloured. SSs; market very quiet."

! Buyers. Sellers. t s. d. £ s. d. BANKS— Auat of Commerce 1 4 ft 1 5 6 Australasia 3 1 3 r» 0 12 6 Com. of Australia . 1 0 1 Ditto (con) (rights) 0 2 0 ft 2 6 Ditto (pref.) .... 6 IX H Eng., Scot. & Aust. IS 0 Nat. of Australasia IS 0 0 15 11 0 Ditto (con.) . . . . 7 7 ft 7 34 0 "New South Wales . 40 5 0 4ft 3 2- « New Zealand 17 6 IX 3 Ditto, D Mort. . . 1 S 3 Union of Australia . INSURANCE — 11 13 0 11 IS 0 National 0 14 ft ft 15 ft New Zealand .. .. 4 6 Queensland .. . . 13 0 South British . . . . 3 0 0 3 0 LOAN AND AGENCY— Dom. Bank and Investment .. .. 1 0 Ditto, B shares .. ft 1ft 6 Farmers’ Co-op. 4 Ditto A (pref.) .. 0 3 7 ft Ditto B (pref.) .. 0 16 ft Goldsbrough, Mort . Nat. Mort. and 1 1L 6 1 12 3 Agency IS 6 Newton King (pref. > 0 31 0 N.Z. & River 'Plate 1 3ft ft N.Z. Guar Corp N. Auck. Farmers* 0 8 ft Co-op. (ord) .. .. 0 2 6 Ditto (B pref.) 0 8 0 0 11 0 COALGrey Valley 1 3 ft 1 „ 0 Kikurangi 0 1 6 0 2 Ditto (pref.) . . . . 0 4 ft Ditto (A pref ) .. 0 ft Pukemiro 3 0 in 6 Renown 14 6 16 Ditto (pref.) . . 0 8 0 Ditto (new issue) . ft 3 Taupiri 1. X 6 W aipa .. 0 14 Westport 1 8 0 Westport-Stockton — 0 3 6 GAS— Auckland 1 1ft 1 7 Ditto (con.) .. 0 16 ft ft 17 6 SHIPPING— Huddart-Parker 3 16 6 0 ft ft Northern Steam 0 13 9 0 0 .Ditto (con.) .. .. — 0 7 0 TIMBER— Bartholomew • 1 1 „ Tvauri Timber 0 15 National 0 8 0 Parker-JLamb .. .. BREWERIES— 0 17 6 Ditto (pref.) .. .. 3 1 0 N.Z. Breweries .. .. 4 .1. Staples — 2 10 0

Destination. 1J-K Australia .. .. Tons. 134 X Average price Jif.’as- 2iur France Germany . . :? i is via East 5 ITS, 35.6 Coast 112 7,416 66.21 t CIS £22.411 £70.47

Buyers. Sellers. C s . d. £ d. MISCELLANEOUS— BootJi, Macdonald (pref.) 0 3 ft British Tobacco . . . . l s 3 Colonial Sugar 43 1(> ft 44 b 0 Dominion Pictures . 1 0 0 Ditto (pref.) .. .. 1 0 0 Electrolytic Zinc (ord.) 1 10 6 1 11 Ditto (pref.) .. .. 1 Farmers' Trading- . . 8 5 0 Ditto A (pref.) .. 0 14 ft 0 17 Ditto B (pref.) 0 12 0 0 12 9 Fullers* Pictures 0 11 • Gear Meat 1 IS 0 1 19 Hayward’s Pictures 0 18 0 Henry .Tones Co-op. 1 10 9 Kemp. Prosser’s 11 ft 13 0 Milne and Choyce deb. stock 1 6 0 1 7 0 Morris. Hedstrcrn (pref.) 0 18 0 Farmers’ Fertiliser . 1 0 0 1 0 N.Z. Paper Mills .. 1 0 6 N.Z. Refrigerating . 0 10 6 Ditto (con.) .. . . 0 5 1 0 6 0 Sanford. Ltd. . .. 0 16 0 S. R. Maxwell . . . . 0 9 0 Taranaki Oilfields . 0 3 9 0 5 0 Union Oil 2 1 Wilsons Cement 2 0 0 MINING —■ Alburnia 0 0 3 0 0 p Moanataiari (paid) . 0 1 7 0 0 Ditto (2s 4d pd ) 0 1 0 0 1 10 Ditto (Is 6d pd ) 0 1 1 0 1 cS Ducky Shot (4s pd.) 0 2 0 Ohinemuri (ord.) 0 2 0 0 3 6 Waihi ft 13 5 0 13 9 Waihi Grand June. . ft I 3 0 1 6 Mount Lyell 1 14 10 1 15 0 Kuala Kampar Tin 0 9 0 Kampong 1 2 , 3 _ DEBENTURES— Auck. Har. Board. 6 per cent 105 0 0 City of Auck, 1910, 97 10 0 Borough Mt. Albert, 1963. 53 p.c. .. . 102 0 0 Bor. New Plymouth. 1933, 5i p.c 98 10 0 Williamsons Films . 103 0 0 Gisborne Sheepfarmers — 94 0 0 GOVERNMENT BONDS — War Loan, 2938, 4£ 99 7 6 Ditto, 1939, 4i p.c. 99 0 0 Ditto, 1941, p.c. 99 0 0 Ditto, 1933, 5i .. 99 5 0 Ditto, 1936, 54 p.c. 98 30 0 — INSCRIBED STOCK — War Loan, 1936, 54 98 0 0 99 0 0

Butter. Che ese. Cv Cwt. 1930. 1929. 1930. 1929. January . 172,387 155,312 37.874 40.162 Season 831,078 742,644 167.350 168,586 In store . 161,748 78.092 41.130 25,525

July 1929-30. .. 1,308,000 1928-29. 1,420,000 August .. 4,132,000 4,305,000 September .. 8,696,000 7,995,000 October . . .. .. 15,310,000 .. 18,229.000 12,356,000 November 15,890,000 December.. .. 16,452,000 January .. . .. 17,721,000 16,625,000

Depart Due From Doni Steamer. N.Z. U.K. Auck. Total. Turakina . Pt. Pirie Feb. 20 Mch. 28 — 33,150 30,400 Feb. 24 Apl. 7 26,000 26,000 Herminius. 1.750 6,850 Feb 25 Apl. 11 54,600 73,000 Rimutaka 1.550 5,600 Feb 26 Apl. 6 11,000 Pt. Denison Coptic Feb. 28 Apl. 0 H 20,000 14,850 Feb. 28 Apl. 3 25,000 25,000 Rangitane 6,000 11,900 , Moh. . 1 Apl. 3 55,000 60,000 Karamea . . Mch . 6 Apl. 9 — 8,500 33,000,38.100 Westm’land 4,900 11,300 Mch . 6 Apl. 12 8,000 Argyllshire . . Mch . S Apl. 16 zz 21,000 Tamaroa Mch. 12 Apl. 14 22,000 9,500 24,000 C’mberland Mch. 15 Apl. 21 30,000 4,700 54,000 Rotorua . . Mch. 15 Apl. 19 3,000 66,800 18,300 66,800 Mamilius Mch. 19 Apl. 25 3,500 17,800 500 Somerset Mch. 22 May 5 23,000 12,000 25,000 Pt Brisb’ne Mch. 22 May 3 n 5,000 Northum- — 17,300 berland Mch 29 May 5 — 2,000 Matakana . Mch. 29 May 6 n 3,500 •10,500 Remuera Apl. 1 May 7 “ 5,700 22,000 Pt. Caroline Apl. 6 May 16 46,000 50,000 Middlesex . Apl. 8 May 22 4.500 7,700 Corinthic Apl. 9 May 17 ZT 14,000 8,500 Raranga „ . Apl. 3 0 May 21 ' 4,200 5,500 Pt. Victor . Apl. 11 May 22 ■ 5,600 20,000 Pakeha . . Mch. 15 May 24 27,500 12.500 32.500 2,000 7,600

11 and par:—• Feb. 13 Feb. U Par. Montreal, del. . . 4.90 3-8 4.90 1-8 4.866 New York, dol. . 4.86 7-32 4.863 4.866 Paris, fr. 124.15 124.19 124.21 Brussels, belga . 34.S95 34.90*5 35.00 Geneva, fr 25.20 25.205 25.22 Amsterdam, fl. . 12.122 12.12 3-S 12.10 Rome, lire .. .. 92.90 92.90 92.46 Berlin, r.m. 20.365 20.365 20.43 Stockholm, kr. . 18.133 18.18 18.159 Oslo, kr 18.21 18.21 18.159 Copenhagen, kr. 18.165 34.525 18.17 18.159 Vienna, sch. 34.545 34.5S& Prague, kr 1641 164.25 24.02 Helsingfors, mk. 193 3-8 193.5 192.23 Madrid, pes. 38.625 37.875 25.221 Lisbon, eseu. .. 1 OS.25 108.25 Athens, dr 375 375 375.00 Bukarest, lei. 818 818 25.22i R. de Janeiro mil 51 5-32 41 7-32 B. Ayres, dol. . 43 1-16 43 3-8 47.57d Calcutta, rupee 17 29-32 17 29-32 lSd Shanghai, tael . . 231 23 7-8 Yokohama, yen 241 241 24.58d Hong Kong, dol. 181 IS* Batavia, fl 12.13d 12.10c!

Price £ s d s d Consols, 21 per cent. 6 7 6j Fund. Loan. 4, 1960-90 RS 0 2<i Of War Loan, 5, 1929-47 . 101 10 0 Same Conversion Loan, 31 76 30 0 15 Of A ictory Bonds, 4 . . . 94 1 0 22 6t Com wealth, o',, 192227 90 17 o 77 6t Com wealth, G. 1931-41 98 6 27 6 t Victorian, 3. 1929-49 . 67 0 0 50 Or A ictorian, 3?., 3 929-49 . 71 0 35 Of Victorian, 51, 1930-40 15 0 35 Of Victorian, 5, 1932-42 . 90 7 6 37 6T 0 25 Of 77 6f TST.S.W., 31, 1930-50 70 ft X.S.W., 53, 1922-32 . 97 17 2 Gy N.S.W., 61, 1930-40 . 100 0 0 45 Of N.S.W., 6, 1930-40 . 98 7 SI 6f Queensland, 31, 1930 . 98 15 0 Queensland, 3, 19227 68 0 0 35 0t Queensland, 6. 1930-40 97 15 0 5 0t N.Z., 41, 1949-5S .. . 92 0 0 N.Z., 3, 1945 .. . . . 78 15 0 15 Ot X.Z., 6, 1936-51 .. . 3 04 6 5 Of S. Australia. 31, 1939 . S3 0 0 60 Or S. Aus., 3. ’16 or after 53 0 0 S. Aus., 61, 1930-40 . 99 15 0 S5 Of Tasmania, 3a, 1920-40 . S3 0 0 SO Of Tasmania, 3, 1920-40 . 78 0 Tasmania, 61, 1930-35 . 3 00 6 W. Aus., 31, 1929-35 . S6 10 0 W. Aus., 3, 1915-35 35 Of W. Aus., 6, 1930-40 __ tHigher. . 97 10 0 10 Of