WOOL TRADE.

Auckland Star, Volume LXV, Issue 239, 9 October 1934, Page 4

WOOL TRADE.

AUSTRALIAN RESULTS.

THIS SEASON TO DATE

HEAVY STOCKS ON HAND.

(Received 12 30 p.m.) SYDNEY, this day. The National Council of Wool-selling Brokers of Australia lias issued figures showing that for the first three months of the 1934-5 wool season greasy realised an average price of £12 0/2 per bale, or O.ld per lb, and scoured .€l6 1/1, or 17.7c1. For the same period 0:37,7/7 bales have been received in stoics in the capital citicH. 10=1,320 bides thereof having; been sold, leaving a balance in store of /9J,448 bales. BRIGHT AUSTRALIAN SALES. SATISFACTORY CLEARANCES. (Received 10 a.m.) BRISBANE, this day. At the wool sales 10,554 bales were offered, and satisfactory clearances made. The selection was better than last week. Competition was very animated, with a Strong'demand from Germany and Japan. The market for all wools was from par to 5 per cent dearer than the closing sales of last week. , . , MELBOURNE, this day. There was no further rise in wool prices when the sales resumed. The market, however, was strong at the improved levels established last week. More than 90 per cent of the 0000 bales offered was sold. Comeback sold to 15% d, Merino to 15d. PERTH, this day. A firmer tone for all grades, with better competition, was a feature of the wool 'sales. Main competition was from Bradford. QUIET IN BRADFORD. (Received 11 a.m.) LONDON, October 8. Wool trade in Bradford is quiet, with all qualities firmly held. EXCHANGE RATES. NEW ZEALAND CURRENCY BASIS. EFFECTIVE TO-DAY. The Rank of New South Wales has arranged to supply daily quotations of the basis upon which it is prepared to rlo business in the purchase and sale ot the foreign exchanges shown below. The foreign currency is expressed in terms of New Zealand funds, and two rates are quoted generally, one for transactions on a telegraphic basis, and the other for on demand for mail settlement. These rates are subject to alteration without notice. To-day's Rates. The abbreviations T.T. indicate graphic transfer," and O.D. "on demand.' Buying. Selling. France — , _ _„ __ Francs to £1 N.Z. . T.T. 00.07 58.77 O.D. 00.37 58.82 Noumea —■ Francs to £1 N.Z. . T.T. 61.02 58.02 O.D. 01.42 58.07 Papeete— Francs to £1 N.Z. . T.T. 01.02 58.02 O.D. 01.42 58.07 Belgium— Belgas to £1 N.Z. . T.T. 17.171 16.471 O.D. 17.271 10.486 Germany— Kelchmarks to £1 N.Z T.T. — 0.537 O.D. — 0.542 I taly— Dire to £1 N.Z. . . T.T. — 45.02 O.D. — 45.00 Switzerland — Francs to £1 N.Z. . T.T. 12.240 11.540 O.D. 12.315 11.850 HollandFlorins to £1 N.Z .T.T. 5.010 5.G00 O.D, 5.000 5.073 Java — Florins to £1 N.Z. . T.T. 5.580 S.GGI O.D. 5.030 5.005 Japan— N.Z. pence to 1 yen T.T. — 17 23-32 O.D. — — Shanghai— N.Z. pence to 1 dollar T.T. 21 3-S 22 11-10 O.D. 211 22 5-8 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 0-32 22 5-8 O.D. 22 5-32 22 0-16 Hongkong— N.Z. pence to 1 dollar T.T. 23 7-S 24 31-32 O.D. 233 24 20-32 Singapore— N.Z. pence to 1 dollar T.T. 34 13-32 35 3-8 O.D. 34 9-32 35 5-10 DOLLAR AND FRANC. LONDON, October 6. On the foreign exchange market to-day the following quotations ruled: New York, 4.02% dollars; Paris, 74 3-16 francs. JAVA RATE. (Received 11 a.m.) LONDON, October 8. Batavia, 7.19 florins. OVERSEAS MARKETS. WHEAT CARGOES, ETC. (Received 11.30 a.m.) LONDON, October 8. Cargoes are firm. Canadian are Wtl and La Platas 3d dearer, and Australians steady. Parcels are firm. Australians are unchanged with moderate business. South Australian, ex Largo Bay, Maloja, 25/ per qr; Stjerneborg, 25/6. Futures: London, February 22/6 per qr; April, 22/10; Liverpool, October, 4/11% per cental; December 5/2%; March, 5/5%; May, 5/8. TALLOW, HEMP, ETC. The Department of Agriculture has received the following cablegram, dated October 6, from the High Commissioner for New Zealand, London:— Tallow.—Market firm with values about unchanged. Hemp.—Manila: Market continues quiet. Value K grade for October-December shipment, £12 15/. Sisal: Market quiet but steady. Values for October-December shipment, £13 15/. New Zealand: Market quiet with small business done. Fair grade for October-November shipment, £13. Eggs.—Market firmer. English, national pack, 15/6 to 19/6; English, ordinary pac';, 15/ to 10/6; Danish, 11/3 to 13/; Australian, 10/9 to 12/3; New Zealand, bjb. Rangitane just arrived. DAIRY PRODUCE. Messrs. Joseph Nathan and Co. have received the following cable from their London principals, Messrs. Trengrouse and Nathan, Tooley Street, dated October 8:— Butter: 68/ to 69/ per cwt. Cheese: White, 48/ per cwt; coloured, 48/6. Both markets quiet. WHOLESALE PRICE OF EGGS. There is no change in the wholesale price of eggs in Auckland, the following rates being quoted by leading distributors:—Hen: First quality, ll%d per dozen; B grade, 10% d; C grade, B%d, ,Duck: lO&d, 9%d end 3%d reapectwely.