LONDON WOOL SALES

New Zealand Herald, Volume LXX, Issue 21548, 20 July 1933, Page 7

LONDON WOOL SALES

MOST RATES MAINTAINED GOOD GENERAL COMPETITION LONDON, July 18 At tllo London wool sales to-day 10,372 bales were offered, including 6387 from New Zealand, and about 8876 wjro sold. There was a fairly brisk sale and good Home and Continental competition. Rates mostly were steadily maintained and finer growths were firm. New Zealand clips sold as follows: Scoured Merinos, "Grays Hills," top price, 2 id; average, 23id. Greasy crossbred, "Sea Fund," 9Jcl and 6Jd; half bred, "Moutalto," lod and 14gd.

WOOL AND SHEEPSKINS GOOD SALE AT GISBORNE [BY TELECRAPIt —OWN CORRESPONDENT] GISBORNE. Wednesday The wool oddment and sheepskin sale held in Gisborne to-day attracted tho largest bench of buyers seen here for some timo. The market for both wool and sheepskins was up to recent values at other North Island sales. The offering of wool was between 750 and 800 bales and in addition there were about 8000 skins on offer. It was mainly a orutchings sale and good crutchings sold from 4d to 5d per lb, with seconds worth from 2d to 31d. Odd lots of fleece wool, mostly stragglers, were sold under keen demand at values about 2d per lb bettor than those ruling at the main Napier sales last season. To-day's prices varied from 3Jd to 6Jd per lb. There was very keen inquiry for all scouring wools and pieces, bellies, locks and dead wool sold well at improved prices. The bulk of tho catalogue was cleared under tho hammer. Skins showed a sharp advance on, prices realised at the previous sale inj Gisborne. Sound pelted skins, medium] to fine wools, made from 4}d' to 6M' per lb. Faulty skins also showed a proportional improvement aud the catp.}logues were readily cleared.

LONDON STOCK EXCHANGE BANK SHARES AND DEBENTURES LONDON, July 18 On the London Stock Exchange quotations of bank shares and other corporation debentures and stocks compare with previous quotations as follows:

GOLD AND SILVER QUOTATIONS IN LONDON (Received July 19» 7.35 p.m.) LONDON, July IS Fine gold is quoted to-day at £'6 4s s}d an oz., compared with £'6 4s ,'Jd yesterday. Silver is quoted at lS ; ]d an, o/.. spot and IS id forward, compared with IS 11-16 d and 18 13-16 d yesterday. The quotation for silver at per fine ounco is 20id, compared with 20 3-10 d yesterday. FOREIGN EXCHANGES DOLLAR NEARLY AT PAR

British Wireless RUGBY, July 18 The following rates on foreign exchanges are current, compared with the cabled quotations on July 17 and par

STERLING IN NEW YORK. (Received July 19, 6.15 p.m.) NEW YORK, July 18 The dollar to-day fell to a new indicated gold value of G8.7 cents, and sterling reached 4.85 dollars. The financial community now is watching with much interest to see if sterling breaks through the old par rate of 4.8665 dollars. NEW ZEALAND MONEY ABROAD Current dollar exchanges, as quoted by the Now Zealand banks, are as. under, compared with previous quotations: —

The cost in New Zealand currency of the pound storling and of the principal foreign units, on the latest quotations, is as follows:

These valuations reproscub the current rates at which banks sell drafts payable on demand. CUSTOMS EXCHANGE RATES Rates- of exchange rilling at the announced dates of departure of the vessels named arc shown in tho following table. Tiicy arc subject to confirmation by the Customs Department when tho exact time of departure is learned on arrival of tho vessels in Now Zealand, finally declared rates being marked*:— Canadian Constructor, Canada, dol. 4.51 Aflliburtou, Canada, dollars . . . . *'1.4(5 Aahburton, Now York flour, dollars *3.89 Ashburton, America, dollars . . . . *4.(10 Golden Const, America, dollars . . 4.31 Brisbane Maru, Japan, yen .. 15 l.H2d Waikawa. America, dollars .. ~ 4.791 Piako, America, dollars .. .. 4.20 BRITISH WAR LOAN British Wireless RUGBY, July 18 ' War Loan, 3J per cent, is quoted today at £9B 10s, compared with £9B 5s yesterday.

July 4 July 18 £ s d £ s <1 Australasia 9 1 3 !> 13 11 New South W'ulos 23 10 0 25 7 6 Union , fi 15 0 7 13 9 , National of, N.Z. 2 ia 3 3 6 10# N.Z. 4 p.c, guaran- \ teed fjtock , ,90 0 0 300 10 o ; N.Z. Shares 4 6 2 0 0 ! Debentures— N.Z. Loan and Mercantile, -1 P.O. 72 10 I ° 73 10 0 i N.Z. Loan and Me*-' cantile, ord. stock . 26 0 0 27 10 0

J uly 18 Juiy 17 Par Montreal, dol. .. 5.021 5.015 4.S6G New York, dol. . 4.83} 4.78 4.866 Paris, fr. 85 5-32 85-7-32 124.21 Brussels, belga . 23.89 23.89 35.00 Geneva, fr. 37.265 17.25 25.22 Amsterdam, fl. .. 8.255 8.26 12.10 Milan, lire 63 5-32 634 92.46 Berlin, r.m. 18.975 13.975 •20.43 Stockholm, kr. .. 19.375 19.40 1H. 159 Copenhagen, kr. . 222 22.40 18.159 Oslo, kr. 19.90 19.90 18.159 Vienna, sch. 30+ 30+ 34.585 Prague, kr. 112.50 "112.50 164.25 Helsingtors. mark 220.50 226.50 129.23 Madrid, pes. 39 15-16 39 15-16 25.221 Lisbon, oscu. 110 110 110 Athens, dr. 585 . . 585 375.00 Bucharest, lei. .. 565 565 813.6 Rio de Janeiro, mil. 4d 4d 5.8nndj Buenos Aires, dol. 42d 4 2d •47.G10dj Montevideo, dol. aidf 34dt 5 Id ' Bombay, rupee . 18 1-I6d 18 l-10d 18d Shanghai* dol. .. 15 J d 15.50d __ Hongkong, dol.' . 17 7-lGd 17 5-lGd — I Yokohama, yen . 15 l-16d 15d 24.58d' Batavia, fl. 8.30 _ 12.10 | Belgrade, din. .. 245 245 276.3V INominal.

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