WOOL IN SYDNEY

Evening Post, Volume CXXVI, Issue 60, 8 September 1938, Page 12

WOOL IN SYDNEY

KEEN COMPETITION

(By Telegraph—Press Assn. —Copyright.) SYDNEY, September 7. At the wool sales today, 12,582 bales were offered and 11,613 sold, in adl dition to 863 sold privately. There was keen general competition from the Continent and Yorkshire, and good support from Japan. Greasy merino realised to 16|d. DOLLAR AND STERLING (By Telegraph—Press Assn. —Copyright.) (Received September 8, 10 a.m.) LONDON, September 7. Sterling exchange, London on New York, 4;82£. Dollars. September 6 4.82£ September 5 4.82J September 3 4.84 3-8 September 2 4.843 September 1 4.85 13-16 August 31 4.85J August 30 4.86 9-16 August 29 4.87 3-16 August 27 4.87 7-16 August 2 4.90f July 1 4.955-8 June 1 4.94 7^B May 2 ... . .... 4.9811-16 April 1 4.965-8 March 1 5.02 DOLLAR RATES. The Associated Banks (other than the Bank of New South-Wales) quoted the following dollar rates today, on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Canadian Dollars Dollars. (Per£l (Per£l N.Z.) N.Z.) Selling— T T ■■ 3.86 1-16 3.87 1-16 On demand ... 3.86 5-16 3.87 5-16 Buying— On demand ... 3.9013-16 3.92 FOREIGN EXCHANGES. (British Official Wireless ) (Received September 8, 11 a.m.) t RUGBY, September 7. Closing mean rates on the following foreign exchanges today were:—Paris, 178 19-64 francs; New York, 4.82 5-16 dollars; Montreal, 4.83£ dollars; Brussels, 28.62£ belgas; Geneva 21.30£ francs; Amsterdam 8.92f florins; Milan 91 11-16 lire; Berlin 12.04 marks; Prague 139 5-8 korunas; Rio de Janeiro, 2 29-32 pence to milreis. PRICE OF SILVER. (British Official Wireless.) (Received September 8, 11 a.m.) RUGBY, September 7. Silver: Spot, 19£ d per oz; forward, 19d. BRITISH WAR LOAN. (British Official Wireless.) (Received September 8 11 a.m.) RUGBY, September 7. The British War Loan, 3£ per cent., is quoted at £101 16s 3d. LONDON MONEY MARKET RATES. (By Telegraph—Press Assn. —Copyright.) (Received September 8, 11.30 a.m.) LONDON, September 7. Discount and short-term interest rates are quoted as follows: —Day-to-day loans, | per cent.; fine trade bills, three months, 2 to 2£ per cent.; bank bills, three months, 9-16 per cent; six months, 9-16 per cent; Treasury bills, two months, i per cent., three months, £ per cent. NEW YORK, September 7. Call money is quoted unchanged at 1 per cent. ' BASE METALS PRICES (By Telegraph—Press Assn.—Copyright.) (Received September 8, 11.30 a.m.) LONDON, September 7. The official quotations on the London metals market compare with those previously cabled as follows: — Sept. 6. Sept. 7: Per ton. Per ton. £ s. d. £ s. d. Copper— Standard, spot 41 5 0 41 0 7J Ditto, forward 41 10 0 41 57£ Electrolytic .. 46 10 0 46 10 0 to 47 10 0 47 10 0 Wire bars .. 47 10 0 47 10 0 LeSpoT 14 4 41 14 15 0 Forward .... 14 9 4J 14 19 4£ 13 3 li 13 3 li Forward .... 13 8 li 13 6 10£ Tin— Spot 192 15 0 191 0 0 Forward .... 193 12 6 191 17 6 Silver — ' Standard, per oz 19 l-16d 19Jd Fine 20 9-16 d 20fd MINING SHARES. (By Telegraph—Press Assn.—Copyright.) (Received September 8, 11.30 a.m.) LONDON, September 7. Sales of mining shares include: —Mt. Lyell, 20s 33d; Bulolo, 115s 7£d., DREDGING SHARES IN LONDON. (By Telegraph—Press Assn.—Copyright.) (Received September 8, 11 a.m.) LONDON, September 7. Share Quotations:—Clutha River, buyers Is 7£d, sellers Is lOJd; Molyneux River, buyers 7Jd, sellers 10£ d. A dividend of 5 per cent.'on paid capital, the same rate as that of last year, is recommended by directors of Adair Brothers, Ltd., merchants, Gisborne. The net profit, after allowance for depreciation, was £2126, compared with £2164 in the previous year.