AUSTRALIAN WOOL

New Zealand Herald, Volume LXX, Issue 21641, 6 November 1933, Page 5

AUSTRALIAN WOOL

GROWERS' GOOD SEASON

BIG INCREASE IN RECEIPTS SYDNEY. Nov. 4 The weekly wool letter in the Sydney Morning Herald states that from July 1 to October 31, 330,000 bales were sold on the Sydney market and realised £5,916,324, which exceeded tho amount for the equivalent poriod of last eeason by £2,042,106. The values at this week's Sydney auctions reflected an upward trend in prices. At Brisbane and other Australian selling centres Yorkshire and Japan were the most active operators. French and German competition also was stronger than usual. . The catalogues were the most attractive submitted since tho sales began two months ago, 'comprising free, fine, bright, soft-handling, high-yielding types. Of 50,604 bales offered 96 per cent was sold at auction. Tho advanced cost of raw material has influenced the prices for tops upward in Bradford, and the turnover has displayed an improvement, while trade in semi- manufactures has responded to tho increased prices much more readily this season than in ioriner years.

GOLD AND SILVER QUOTATIONS IN LONDON (Received November S. 5.S p.m ) LONDON, Nov. i Fine gold is quoted to-day at £6 12s 4Jd an oz., compared with j£6 13s 2d yesterday and £6 13s 3d on Thursday. Silver was quoted yesterday at 18jd an oz. spot and 18 9-16 d forward, coinpared with 18 9-16 d and 18 5-Sd on Thursday. The quotation for silver to-day at per fine oz. is 19 15-16 d, compared with 19d on Thursday. The following table shows recent fluctuations in the price of fine gold at per ounce:— £sd £ p d Oct. . . 6 10 0J Oct. 27 . . fill 2 Oct. 19 .. G 91) Oct. 23 .. 6 -.) 8 Oft. 20 . . R 9 0J Oct. ;:0 .. 6 11 2J o<_t. 21 ..686 Oct. 31 . . 610 7 Oct. 23 . . fi 9 3 Nov. I . . (ill 9 Oct. 21 . . 6 8 1 Nov. 2 . . 613 3 Oct, 25 . . 610 1 Nov. 3 . . Gl3 2 Oct. 2G - . 610 9} Nov. 4 . . Gl2 41

PRICES OF METALS TIN AND COPPER FIRMER (Received November 5, 5.5 p.m.) LONDON. Nov. I Following are to-day's quotations 011 the London metal market, compared with those of November 2:— ; Nov. 4 Nov. 2 Fer Ton Per Ton £sd £ s d Copper, ptan., spot . - 32 13 9 32 10 7j Copper, etan., 3 mos. . 32 16 3 32 13 15 "Copper, electrolytic . 36 0 0 36 0 0 to to 37 0 0 37 0 0 ■fCopper, elec.. wire bars 37 0 0 37 0 0 Lead, soft, spot . . 12 0 0 11 10 0 Lead, soft, forward . . 12 6 3 11 17 6 Spelter, spot .. . . 15 12 6 15 11 3 Spelter, forward . . 15 IS 9 15 18 9 Tin, stan., spot . . 224 13 9 224 16 3 Tin, Btan., 3 mos. .. 224 11 3 224 8 9 "American 8 cents a lb, same as on November 2. +Best selected, £35 7s Gd. Quotations for other metals, with those of October 28 in parentheses, are: —Pig iron, home trade, £3 2s Gd (£3 2s 6d); exports, £2 12s 6d (£2 12s 6d). Antimony, British, £39 10s (£39 10s); foreign, £23 2s 6d (£22 17s 6d). Molybdenite, £2 Is (£2 Is) a unit. Wolfram, 27s (27s 6d) a unit.

FOREIGN EXCHANGES DOLLAR STILL FALLING (Received November 5, 5.5 p.m.) British Wireless RUGBY, Nov. 4 The following rates on foreign exchanges were current yesterday, compared with the cabled quotations on November 2 and par:— Nov. 3 Nov. 2 Par. Montreal, dol. .. 4.855 4.84/< 4.866 New York, dol. . 4.85 4.82 4.866 Paris, fr. .. 80 1-32 79 13-32 124.21 Brussels, belga .. 22.475 22.75 35.00 Geneva, fr. .. 16.175 16.14 25.22 Amsterdam, fl. .. 7.765 7.705 12.10 Milan, liro .. 59 7 / ls 59 92.46 Berlin, r.m. .. 13.13 13.015 20.43 Stockholm, kr. 19.395 19.405 18.159 Copenhagen, kr. . 22.395 22.10 18.159 Oslo. kr. .. 19.905 19.90 18.159 Vienna, ech. .. 28.50 29 34.585 Prague, kr. .. 105.50 1 Helsingfors, mark 226.50 226.50 129.23 Madrid, pes. .. 37V,,, 37 Vi 25.221 Lisbon, eseu. .. 103.75 103 110 Athens, dr. .. 560 560 375.00 Bucharest, lei. .. 530 530 813.6 Rio de Janeiro, mil. 4%d 4%d 5.899 d Buenos Aires, dol. 44.75 d 44.50 d 47.619 d Montevideo, dol. 36.75dt 87dt 51d Bombay, rupee .. 18d 18d "* 18d Shanghai, dol. .. 15% d 15% d Hongkong, dol. . 17.25 d 17.25' d Yokohama, yen . 14 7 /« d 24.58 d Batavia, fl. 7.72 7.69 12.10 Belgrade, din. .. 228.50 231 27(5.31 Warsaw, zloty .. tNominal. (Received November 5, 5.5 p.m.) LONDON, Nov. 4 On the foreign exchange market today the following quotations ruled:— New York, 4.855; Batavia, 7.75. NEW ZEALAND MONEY ABROAD Current dollar exchanges, as quoted by the New Zealand banks, are as under, compared with previous quotations:— U.S. Dollars to £1 Oct. 24 Oct. 26 Oct. 28 Oct. 31 Nov. 4 Buying 4.74 4.87 4.81 4.P8 4.94 Selling 4.54 4.67 4.61 4.68 4.74 Canadian Dollars to £} Buying 4.85 4.95 4.90 4.95 4.95 Selling 4.65 4.75 4.70 4.75 4.75 ' The cost in New Zealand currency of the pound sterling and of the principal foreign units, on the latest quotations, is as follows; Pressnt Price Par sd s d London, pound . .. 24 11.58 20 0.00 Australia, pound . .. 20 0.00 20 0.00 New York, dollar . 5 8.23 4 1.31 Montreal, dollar . .. 5 3.09 4 1.31 Paris, franc . . >. 0 3.74 0 1.98 Berlin, mark . .. 1 10.83 1 11.74 Copenhagen, krone . • 1 1.38 1 1.22 Yokohama, yen . .. ! 1 6.03 2 0.58 These valuations represent the current rates at which banks sell drafts payable on demand. & CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Deportment when the exact time of departure is learned on arrival of tho vessels in New, Zealand, finally, declared rates being marked*: — Brisbane Mnru, Japan, yen . . . *l4 3.16 d Canadian Constructor, Canada, dol. 4.84 i City of Bedford, America, dollars 4.66J . Wniruna, America, dollars . . . 4.65J Melbourne Mnru, Japan, yen . . 14.50 d Golden Coast. America, dollars . . 4.78 RUBBER, COTTON, JUTE, ETC, (Received November 5, 5.5 p.m.) LONDON, Nov. 4 (Quotations on Oct. 28 in parentheses.) Cotton. —Spot, 5.43 d (5.54 d) a lb.;. December delivery, 5.22 d (5.36 d November). Rubber.—-Para. 4 3-Sd (4 3-8 d) a lb.; plantation nnd smoked, 3 31-32 d (3 29-32 d). Jute. —-November - December shipments. £l4 8s 9d (£ls 2s. Gd OctoberNovember) a ton. Copra.—November - December shipments, South Sea, £9 10s (£9) a ton; plantation, Rabaul, £9 15s (£9 2s 6d). Linseed Oil.—£2o 10s (£l9 15s) a ton. Turpentine.—43s 3d (445). a cwt.