LONDON WOOL SALES.

Press, Volume LXVII, Issue 20412, 5 December 1931, Page 12

LONDON WOOL SALES.

PRICES STEADY. (tJJfiITBD PRXBS A.BBOCIATIOH —BT BL3GCTBIO TXLXOaAPK —COPTBtQHT.) LONDON, December 3. At the wool sales. 10,191 bales were offered, including 4940 from New Zealand, and approximately 6152 were sold. There was keen Home and Continental competition, with steady prices. Scoured combings, New Zealand: — Otemata, 19d top price, 16Jd average. Greasy crossbred. New Zealand: Echills, 10id top, BJd average. BRADFORD TOPS MARKET. LONDON, December 3. The Bradford market is very quiet, and easier. Quotations:—

NAPIER AUCTION. THE RANGE OF VALUES. (FBBSB iRSOCUTION TEt.IOBiM.) ' NAPIER, December 4. Following is the official range of prices for the Napier wool sale: —

DEVONPORT FERRY CO. [THE PEEBS Special Service.] AUCKLAND, December 4. A lower interim dividend at the rate of 61 per cent, per annum ia announced by . the Devonport Ferry Company for th« half-year ended October 31st. , GOLD AND SILVER. (TJJTMH PMSS ASSOCIAKOH—BT F,L«CTEIO TKLSGBJUPH —COPTHICIHT.) LONDON, December 3. Gold is quoted at £6 2s 3d a line ounce. Silver is quoted as follows:—Spot, 19|d an ounce; forward, 19|d an ounce.

EXCHANGE RATES. MONEY LEAVING AUSTRALIA. Although the hanks claim that they are adhering to the oarded rates of exchange, their action is Aot preventing money which has been held on short term investment from leaving Australia, says tho Melbourne "Argus." It was feared that if a substantial reduction in the official rate took place many firms and companies with head offices overseas which had allowed profits to accumulate in Australia, in preference to paying the high premium of £3O f6r the transfer of the funds to London, would rush the exchange market, and thus cause a scarcity of London money again. The moveI ment of such money from Australia to Lou- ' don is, in fact, taking place, but the volume is not yet large enough to account for all the London credit available in t'he outside exchange market. One oil company is said to be transferring money from Australia to London at the rate of £250,000 a month, and maiiy smaller amounts are heing sent by other companies. Such transactions are by no means exhausting the London money available, and they are not likely to do so while wool and wheat continue to sell at improved prices. It has been unofficially reported that a forward telegraphic transfer amount (December) had been sold at the rate of £126 7s 6d pbr £IOO. Most of the transactions in the outside market, however, have taken place recently at about £127. FEILDING STOCK % SALE. (PRESS ASSOCIATION TSI.KORAII.) FEILDING, December 4. At the stock sale to-day prices for fat ewes declined, but wethers were slightly dearer. Fat ewes sold to lis 9d, fat hoggets to 12s 7d, and fat wethers to 138. Store sheep were easier. Dairy heifers met with a good demand. Best heifers sold to £7 2s 6d. fat cows sojd to £4 9s, heifers to £4 lis, and steers to £5 lis. JOHNSONVILLE STOCK SALE. At the Johnsonville stock sale cattle, in sympathy with the reduced export limits for beef, showed a further decline of values, prime heavy-weight bullocks being down 10s per head. Lighter sorts and unfinished bullocks were easier to the extent of 10s to 15s per head. Wethers were in short supply and met with a good sale. Ewes were slightly easier, while prime lambs were firm. Bullocks sold to £lO, -cows and heifers to £(>, vealers to 265; wothers and maiden elves io 14k lOd. ewes to i)s 4d, hoggets to 11* -ii, und lamb* to 14s Id.

Nor. 26. Dec. 3. d. d. Seventies ... 27 27 Sixty-fours ... m 25 Sixties ... 23* 23 Fifty-sixes ... 19* 19 Fifties ... 14* 14 Forty-sixes ... 12 11* Forties ■ ... U 10*

d. d. Southdown — Average 6 to S Inferior 5J to 6 Medium Halfbred, 50-56's— Super 7 to 8J Average 5 to 61 Inferior ■— Coarse Halfbred, 48-50's— Super 7 to 8 Average 6 to 7. Inferior 3 to 5 Pine Crossbred, 46-48's — Super ' 6i tp 7i Average 4$ to <3i Inferior 3 to 41 Medium Crossbred, 44-46's— Super 5 to 61 Average 4 to 5 Inferior to 4 Coarse Crossbred, 40-44's — Super 4| to 51 Average 3 to 4i Inferior 2 to 3 Low Crossbred, 36-40 ! s— Super '— 3i Average 2 to Inferior — Hoggets — 50-56'fl — si 48-50's 6 to 46-48's 5 to 7i 44-46's . - • 5 40-44's — Lambs — 75 46-50's ■ 5 to 40-46's • • » • • to Seedy and inferior 1 4 Neck pieces 1 to 4 Pieces— to OJ Good to supers 5 Low to medium 3} to 4J Seedy and inferior 1 to 2} Bellies— 41 Good to super . - 32 to Low to medium 21 to 31 Seedy and inferior 0i to 2 Crutchings— to '51 Good to super 4 Low to medium . • . to 31 Seedy and inferior oj to 2 Locks — -'1 Crossbred 11 to