LONDON WOOL SALES

Dominion, Volume 28, Issue 255, 25 July 1935, Page 12

LONDON WOOL SALES

Russians Buying Crossbreds By Telegraph.—Press Assn.—Copyright Ixondon, July 23. Offerings at the wool sales to-day were 7975 'bales, including 3315 bales New Zealand. About 6077 bales of Australian and New Zealand wools were sold. Good Home and Continental demand continued, with Russians again buying greasy crossbreds at the highest rates of the series. Withdrawals were fewer than they were earlier in the sales. Late rates were fully maintained. New Zealand greasy crossbred, “Wairama Downs,” sold 101 d. highest, 9d. average. Pastoral Stocks and Shares London, July 23. _ On the Stoc-k Exchange to-day, quotations of pastoral stocks and shares compared as follow with those previously cabled:—

Dividends Payable

Golconda Holdings—s p.c July 27 Union Bank—interim. 2/6 per share July 31 British Tobacco—pref., quarterly. 6-1 P-c., p.a July 31 Merc. Mutual Insurance—final 4 p.c., making 7 p.c. for year July - Dominion Investment —4 per cent July — Christchurch Gas—int., 3 p.c. .. July 31 Mossy Creek—ld. a share .... Aug 1 Auckland Gas —int., 2J p.c Aug I N.Z. Insurance—final, 1/- a share Aug (5 J Staples and Co., int. 2J p.c. Aug. 7 Commercial Bank of ' Aust. — final, pref. 4 p.c., p.a. ord.. 4d. a share Aug. 8 Farmers’ Fertilisers—sJ p.c. Aug. 15 Electrolytic Zinc—pref., final, 4 p.c. ordinary, 5 p.c. for year Sep. 10

N.Z. Pound Abroad

Based on the figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to, approximately 16/1 in London. £l/0/1 in Australia. 16/4 in U.S.A. 16/4} in Canada. 9/7 in France. 10/7 in Italy. 9/6 in Germany. . 9/0 in Java. £i/7/7 in Japan,

July 9. £ s. d. July 23. £ s. d. Dalgety & Co., shares 0 7 6 6 5 0 Dalgety & Co., 4 ,p.e. debenture stock .. 102 10 0 101 10 0 Goldebrough Mort, B pref., ex div. 1 3 9 1 3 4}