N.Z. WOOL CLIP

Dominion, Volume 30, Issue 191, 10 May 1937, Page 12

N.Z. WOOL CLIP

Sales and Exports for 1936-37 Season A GREAT CLEARANCE The final wool sale held during April resulted in nearly 100 per cent, clearance, 82,217 bales' being offered and 82.000 sold, a good ending to a wonderful season. According to returns compiled by Dalgety and Co., Ltd., the total offerings for the 10 months of the 1936-37 season ended April 30 were 686.150 bales, of which 681.248 bales, or 99.28 per cent., were sold, as against 784.585 bales offered and 752,254 bales, or 95.86 per cent., old, during the corresponding period of 193536. Details of offerings and sales for the 10 months of the two seasons compare as follows:—

Shipments of wool from New Zealand last month totalled 123,160 bales, of which 108,841 bales were greasy and 14.319 scored and slipe. Exports of woo] for the 10 mouths ended April 28 totalled 716,141 bales, as against 821,553 for the corresponding period of last season. Wellington and Napier arc the leading wool shipping centres, as is shown in the following coni-

FOREIGN EXCHANGES Position of Sterling By Telegraph.—Press Assn—Copyright. . London. May 7. tol[ °'' ln = mean closing rates on foreign exchanges were current to-dav compared with those ruling on May G:

‘Unofficial. fOfficial. London, May 6. Gold.— £7/0/8 an ounce, tine. „ n S l l y? r ,'“ Sl ’ ot ’ "°3 ( l. au ounce; forward, -U ( -Ibu. /T . . London, May 8. (Received May 9, 6.30 p.m.) Gold.— £7/0/8 an ounce, fine. _ Sterling exchange, London on New York. •i.'.lJs dollars! on Paris, 109 29-32 francsoil Batavia, 8.97 florins. On New Zealand Currency Basis The Bank of New South Wales, Wellington. quoted tlie following rates for their purchases and sales of foreign exchange on Saturday-;—

U.S.A. Doi. Canadian Doi. Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.95 11-16 3.9413-16 O.D. 3.96 3-16 3.95 5-16 Buying ' O.D. 4.001 3.99 9-16 N.Z. Pound Abroad Based on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to approximately:— 10/1 in London. CI/0/1 in Australia 1 <*»/-’ in U.S.A. IG/2? in Canada. 11/2 in France. IG/3 in Italy. 11/7 in Germany. 11/0? in .lava. £l/8/1? in Japan. Sydney Stock Exchange By Telegraph.—Press Assn.—Copyright. Sydney, May 8. Stock Exchange sales to-day included : Coninwnwealtb bonds, 4 per cent., 1938, £192/11)/-: 1944, £lOl/15/-; 1961. £lOl 1/3: Tooths Brewery, 58/-; Anthony Hordern, 20/101; Broken Hill Proprietary, 85/3; Burns, Philp, South Sea, 32/-: Henry Jones, 47/-.

1936-37 Offered, Sold. 1935-36. Offered, Sold, bales, bales. bales. baleis. In vercargill 15,023 44,830 51,294 50,599 Dunedin 103,635 102,048 11.8,318 114,253 Tiinaru 42,047 41.S71 43,329 40.702 Christchurch 101,925 100,700 99,599 90,511 Blenheim .. 182 180 149 148 Wellington . 126,085 124.390 155,409 145.130 Wanganui .. 70,704 70,548 92,310 89,425 Napier 112,116 111,804 130.903 120,035 Gisborne 5,300 5.174 2,350 2,156 Auckland .. 79,133 78.797 90,624 80.695 Total .. 686,150 681,248 784,585 752.254

parison of exports for the 10 months:— Invercargill Dunedin Oamaru Bales 1930-37 46,100 SS.326 2,027 Bales 1935-36 64.065 97.2S7 2,047 Timaru 40.687 46.627 Christchurch 98.553 96,718 Blenheim 4.61. 6 4.776 Nelson 487 1.118 Wellington 132.9 17 168.32.S Wanganui 66.906 76,1)40' New Plymouth 1,879 2,271 Napier. Waikokopu .. Gisborne. 122.079 131.614 Tokomaru Bay 29.985 33.814 Auckland. Opua .... 81.540 95.1)7.8 Total 716.141 821,583

N. York, dol. to Montreal, dol. to £ £ Par. May. 0. Mar 7. 4.806 4.9313-16 4.936 4.8(16 4.92 9.16 Paris, fr. to Brussels, bel. to £ 4.92 7-16 124.21 1101-64 109 27-32 48.611 29.23 29.225 Geneva, fr. to £ Amst’daro, fl. to Berlin, mks. to St’holm, knr. to 12.107 “s.'oo? gigs 20.43 12.28} 12.28 18.159 19.40 19 39-, C’hagen, knr. to Oslo. knr. to jL‘ 18.159 22.40 22’ti) 18.15919.90 19.90 Vienna, schgs. to 26.59 26 50 Prague, knr. t 0 Ilel'fors, inks, to Madrid, pes. to £ 134.2.1 1'1 tj-l,; l-ji n .] G J93.23_22B.125 226.125 . Lisbon, esc. to .100 110.3-16 5103-16 Milan, lire to Athens, drag, to Bucharest, lei to £ 02 93 13-1(1 93 13-16 37«i *5474 *5474 V S13.60 *6’72.50 *67’’ 50 Belgrade, din. to < • 276.31 214 215' Kio de J., p. to mil B. Aires, p. to pesa M. Video, p. to peso Calcutta, p. to rup. 5.899 }-(} fl} 47.62 — — 51 f39J 7.395 IS ISA 18} — 14* 1415-16 Shanghai, p. to dol. ii.-Kong, p. to ( lol — 14 15-16 14 15-16 1 nama, p. to yen. 24.582 14 14 Batavia, fl. to £ 12.107 8.975 8.975

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