OVERSEAS MARKETS.

Auckland Star, Volume LXIX, Issue 79, 4 April 1938, Page 4

OVERSEAS MARKETS.

COTTON, RUBBER, COPRA, ETC. LONDON, April 2. (Quotations no March 20 in pal esithcses.) Cotton.—Spot. 4.!> 1< 1 14.8-V.J a lb; Ma\ delivery, 4.78 d (4.5."» d April). Rubber.—Vara, "r'sd < -194«!' a Hi; plantation and smoked. ."> 7-Kid i(i 7-l(idi. Jute.—April-May shipments, £17 13/0 (£lB •}/) a ton. Copra.—April-May shipments. South Sea, sun-dried, ill) 12, t> to London and Rotterdam (£lO !•">/) a ton: South Sea smoked. £10 10/ to Marseilles and (ienoa (£lO 12 ti); plantation. Kalian!, hot air dried. £11 10/ to London and Rotterdam (£ll 12,0). Linseed Oil.— 1128 (£2B 10/) a ton. Turpentine.—3! 10 (31/fi) a cwt. LOWER WOOL RETURNS. CHRISTCHURCH CHEQUE. Christchurch wool returns have slipped sharply tliis season. For the first three sales total realisation is £1.020,123. compared with £1.038.008 for the corresponding: sales of the pievious season; number of bales sold is (>O.llO. compared with 84; and the average piiec per lb. which at the first sale last season was 17.27 d. has dropped to 0.017 d. GOLD AND STERLING. LONDON. April 2. (iold is quoted at £7 fl'l per ounce. The American dollar is quoted at t Of) 7-lfi to the pound sterling, and the French franc at 1(31 11-l(i. The following is a summary of the fluctuation in the price per ounce of fine rold since tho beginnin;: of the year:-- £ s. <1. Highest price, March 10 . . 7 0 Lowest price, January 3 . . 0 10 5 March '_'S 7 o 3 March 20 li 10 11 Ma roll 30 li 1!» 11 March 31 7 (I 0} .\pril 1 7 0 O.J April 2 7 0 1 £1 IS WORTH. Based on the rates "f exchange on April 2. a New Z -aland pound was ivortli approximately: — s: s. <t. i.ontlini o If, 1 Australia 1 o i t'.S.A (I 1U | Canada o ]i; c, France 1 o i Germany O *.t s Italy O jij 4 •lava o li io Japan 1 S 1 «