LONDON WOOL SALES.

New Zealand Herald, Volume LXIX, Issue 21166, 26 April 1932, Page 5

LONDON WOOL SALES.

CLOSING QUOTATIONS. HIGHEST OF THE SERIES. IMPROVED COMPETITION. LONDON, April 22. At the London wool sales to-day 12,163 bales were offered, including 5248 from New Zealand and about 4200 were sold at full late rates. New Zealand clips sold as follows: Greasy crossbred: " Scafund," top price, 8d; average, 6d. Siipe halfbred lambs: " CMC," 9|d and B£d. The sales closed at tho highest prices of the series. Competition had steadily improved since Monday and prices had hardened. Merinos recovocd the opening decline and now are fully equal to March closing rates. • Ordinary top-mak-ing sorts closed 5 per cent, below March; faulty sorts, 10 per cent, below; good scoureds, 7£ per cent.; crossbreds, fine, at March level, medium and coarse, per cent, below; slipes, 5 to 7% per cent. down. The total catalogued was 81,763 bales and sales were:—Home trade, 38,000; Continent, 31,500; held over, 97,000. The total Australian sold was 12,000 bales and tlie, total New Zealand, 33,500. The New Zealand Shecpowners' greasy crossbreds, sold in aid of the Acknowledgment of Debt to British Seamen's Fund, were readily cleared. Dalgcty arid Company, Limited, lias received the following cablegram from its London house, dated April 22: The wool sales closed animated, with competition more general; Home trade largest buyers; German buyers more active this week. Market shows hardening tendency. As compared with the closing rates of the last series greasy Merino are lower; scoured Merino, unchanged; greasy halfbred, £d to lower; greasy crossbred, fine, $d lower; greasy crossbred, medium, jd lower; greasy crossbred, coarse, £d to {(I lower; scoured crossbred, par to Ad lower; slipes combing, Id to 1-Jd lower; slipes clothing, to id lower; greasy lambs, id to £d lower. The total offered was 81,763 bales. The home trade have bought 38,000 bales, Continent 31,500 bales, held over 97,000 bales (including Australian 33.500 bales. New Zealand 61.500 bales, Cape 2000 bales, of which 88,500 bales were not offered). Quotations: —Halfbred (56-58), good to super, 10J,d to lid; low to medium, 7J>d to lOd: halfbred (50-56), good to super, to lOd; low to medium, to Bjd; fine crossbred (48 50), good to super, 6d to 7£d ; low (o medium, 4.j,d to s?d: fine crossbred (46-48), good to super, sjd to 6Jd: low to medium, 4|d to s^l; crossbred (44-46), good to super, 5Jd to 6d; low to medium, 4-Jd to sd; crossbred (40-44). good ■to super, 5d to s^d; low to medium, 4d to 4|d; coarse crossbred (36 40), good to super, 5d to s£d; low to medium, 4d to 4-jd.

FOREIGN EXCHANGES. ' LITTLE CHANGE IN STERLING. British Wireless. RUGBY, April 22. The following rates on foreign exchanges are current, compared with the cabled quotations on April 21 and par:—

CUSTOMS EXCHANGE RATES. Rates of exchange ruling at the announced date of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on the arrival of tlie vessels in New Zealand, finally declared rates being marked* : Golden Cross, U.S A., dollars .. 3.'9 i Brisbane Ma.ru, Japan, yen .. .. 21 id Benhoim, U.S.A.. dollars .... ■J'' s Canadian Challenger, Canada, dollars 4.19 WELLINGTON MORTGAGE GO. USUAL DIVIDEND DECLARED. The directors of the Wellington Deposit, Mortgage and Building Association. Limited, in their report for the year ended March 31, state that the net profit on the year's business is £1998, as against £2075 in the previous year. Added to this is £Bl7 brought into the accounts, making £2815 available for distribution, as against £2967 in the previous year. An interim dividend of 3 per cent., absorbing £750, was paid in November, and the directors now recommend payment of a final dividend of 4 per cent., which will absorb £IOOO, making 7 per cent, for the year; a sum of £l5O to be placed to the reserve for contingencies account; and the balance of £915 to be carried forward. The full year's dividend is at the same rate as that paid last year. P. AND O. DEFERRED STOCK. LONDON, April 22. P. and O. deferred stock is quoted today at 14s 6d, compared with 14s 7|d yostenlav.

April 22. April 21. Par. Montreal, do]. 1.17 4.185 4.866 New York', <lol. . 3.743 3.7PJ 4.866 Paris, fr. . • 95 3-16 95 7-1G 124.21 Brussels, helga . 26.75 26.85 35.00 Geneva. fr. 19.30 19.as 25.22 Amsterdam. fl. . 9.255 9.2f}5 12.10 Milan, lirn 72.75 731 92.46 Berlin, r.m. 15.75 15.825 20.43 Stockholm, kr. 20! 20 3-16 13.150 Copenhagen, kr. 18.25 18.25 18.159 Oslo. kr. . . 20.2-5 20 3-16 19.159 Vienna, sch. 1 32 32 34.5^5 Prague, kr 126.50 127 164.25 HeJpi-nsfors, mark 215 215 121.23 Madrid, pep. 48 48 3 16 25,221 Lisbon, eecn. 110 109.75 110 Athens, dr. 300 300 375.00 Bucharest., lei. 630 630 813.6 Bio de Janeiro, mil 4.25 4.25 5.899d Buenos Aires, dol 3fil 36 3-16 47.619d Montevideo, dol. . 29 29 51d Bombay, rupee . 17 31-32 18 18d Shanghai, tael 201 19 31-32 — Honpkonsr, dol. . 15 14} — Yokohama, yen . 21 21 1-16 24.58d Batavia, fl. 9.31 9.31 12.10 "Warsaw, zlotys — 33.70 —