Foreign Exchange on New Zealand Currency Basis

Manawatu Times, Volume 60, Issue 132, 7 June 1935, Page 9

Foreign Exchange on New Zealand Currency Basis

Messrs. Wright, Stcphcns-on and Co.. Ltd., and Abraham and Williams, Ltd., report on Johnsonvillc sale held on Wednesday as-follow:—To the usual attendance of buyers we oil'ered a large yarding of all classes of cattle and an average yarding of sheep. "Very few prime heavy bullocks were yarded, the balance consisting of mediumweight and unfinished sorts. Competition for well finished -cattle was keen at late rates. Plain and light cattle were hard to quit. A few pens of prime heifers met with spirited buying and sold at a slight increase on last week's rates. Heavy cows showed no alteration, while medium-weight station cows and cows, ex-dairy, .were slightly easier. Eunners' and vealers mot with a good sale with no alteration in prices. Sheep: There were no heavy wethers yarded, consequently competition was not 5 keen as only prime sheep were wanted. Unfinished wethers were hard to quit even at lower values. A good sale resulted for all classes of ewes with little alteration on last week's rates. Hoggets were in keen demand at late rates. "Wo quote:—Prime extra heavy bullocks, £lO (single), CO 15s (single), £0 12s (single), £0 10s (single), £0 4s (single); prime heavy bullocks, £9 2s, £9 £8 ]ss, £8 12s; heavy bullocks, £5 10s, £8 7s Gd, £8 ss, £S 2s; light and unfinished bullocks, £7 12s, £7 Bs, £7 ss; extra prime heavy cows and heifers, £7 5s (single), £7 os (single), £6 ,18s; prime heavy cows and heifers. £G 15s, £6 8s fid," £6 ss; cows jtnd heifers, £5 ISs, £5 12s Gd, £5 /s, £5 ss, £5 2s, £4 17s Gd; runners, £5 12s, £3 7s Gd, £3 2s, £2 ISs, £2 12s Gd: vealers, £2 10s, £2 7s Gd, £2 4s, £2 3s Gd, £2 Is, £l. ISs Gd; light vealers, £1 15s, £1 13s, £1 11s Gd, £1 9s, £1 8s; prime extra heavy wethers, 25s Gd, 25s 2d, 255, 24s od, 24s s>d; prime heavy wethers, 23s Gd. 23s 2d, 23s 0.1; medium wethers, 21s Gd, 21s 3d. 20s 9d; prime extra heavy owes. 20s. 10s Sd, 10s Gd, 10s; prime heavy ewes, 18s Od, ISs 7d, ISs Gd, ISs 2d; medium owes, ISs, 17s Od, 17s 7d, 17s 3d, 10s .10d; extra -heavy lioggets, 21s Od. 2.1 s sd, 21s, 20s Gd; heavy hoggets. 20s 3d, 19s Gd. 19s, 18s 7d; medium hoggets, ISs 3d, ISs, ,17s Gd, 17s 2d, IGs Sd, IGs Gd.

Tho Bank of New South Wales, Wellington, quoted tho following rates for their purchases and sales of foreign exchange on June 0: — Now Zealand Buying, Selling. Oil London — £N.Z. to Sstg.100 . T.T. .12-1 124/10/O.D. 123/10/124/S/9 Australia— £A. to £N.Z. 100 .. .. T.T. 101 100/10/O.D. 101 100/10/Fiji— £F. to £N.Z. 100 .. .. T.T. 90/7/G 89 O.D. 90/7/6 SD New York— dollars to £N.Z.l .. T.T. 4.005 3.96J O.D. 4.02 J 8.971 Montreal — dollars to £N.Z.l .. T.T. 4.002 3.97 O.D. 4.02 3.071 Denmark — Kroner to £N.Z.l .. T.T. 1S.17S 17.92S O.D. 1S.21S 17.938 France — Francs to £N.Z.l .. T.T. 61.07 59.77 O.D. 61.37 50. S2 Switzerland — Francs to £N.Z.l .. T.T. 12.429 12.029 O.D. 12.00-4 12.039 T.T. represents telegraphic transfers. O.D. represents on demand Iransaclions. The above rates are subject lo alteration without notice. JOIINSONVILLE SALE.