LONDON WOOL SALES

New Zealand Herald, Volume LXXI, Issue 21911, 21 September 1934, Page 7

LONDON WOOL SALES

OPENING RATES HOLD GOOD COMPETITION LONDON, Sept. 19 At the London wool sales to-day 10,551 bales were offered, including 3645 irom New Zealand, and 8732 were sold. Good Homo and Continental competition at the opening rates was maintained. New Zealand clips sold as follows: Greasy crossbred "J.M.P.," top price BJd, average BJd; slipe halfbred lambs' "Eclipse, T.H.A." 12Jd and 11 gd. « SYDNEY AUCTIONS MARKET AGAIN FIRM (Received September '2O, 8.5 p.m.) SYDNEY, Sept. 20 At the Sydney.wool sales to-day 8076 bales were offera] and 6809 were sold. Also 1822 bales were sold privately. The market was again firm for the greater hulk of the offerings, but there was still irregularity for neecc descriptions showing fault. There was strong competition irom Japan and Yorkshire supported by Germany and France. Greasy Merino sold to 14$ d. MELBOURNE MARKET GOOD SORTS IN DEMAND MELBOURNE, Sept. 20 At the Melbourne wool sales to-day 6550 bales were offered. There was good demand for wools showing good style, both Merino and comeback, but inferior sorts, more especially burry and faulty skirtings, were difficult to sell. The top prices paid were:—Fleece wool, 143 d; comeback, 14id. AUSTRALIAN EXCHANGES YESTERDAY'S BUSINESS (Received September 20, 7.45 p.m.) SYDNEY, Sept. 20 On the Sydney Stock Exchange Btrong support was accorded to shares of companies associated with the building trades. Pastoral shares were steady. Commonwealth bonds were rather quiet, as were banks, which were firm. This morning's sales included: —Commonwealth bonds—3£ per cent, 1948, £lO2 ss; 4 per cent, 1941, £10(3 17s 6d; 1951, £IOB 10s; 1953, £lO9 17s 6d; 1961, £IOB 12s 9d. Tooth's Brewery, 46s 6d; Anthony Hordorn, 14s lid; British Tobacco, 38s (3d; Broken Hill Proprietary, 52s 9d; Burns-Philp, 55s 6d; "Colonial Sugar, £67 ss; Dunlop-Per-driau, 20s; Goldsbrough-Mort, 3Us lid; Howard Smith, 16s 9d. Later sales included:—Bank of New South Wales, £32 17s 6d; Colonial Sugar, £67 2s 6d; Associated News, preference, 24s 3d; G J. Coles, 45s 9d; Burns-Philp, 565; Australian Gas, A shares, £7 18s 6d; British Tobacco, 38s 7{d] Tooth's Brewery, 46s 9d; Austxalian Glass, 54s 6d; Dunlop-Perdriau, 20s; Winchcombe-Carson, 28s 6d; Henry Jones, 355; Millaqulu Sugar, 32s 6d; Anthony Hordern, 14s lid; General Industries, 12s 6d; Wunderlich, 23s 3d; Mount Morgan, 33s 6d; South Broken Hill, 765; Broken Hill Proprietary, 52s 9d Commonwealth 4 per cent bonds—--1938, £lO5 17s 6d; 1941, £107; 1944, £IOB 15s; 1947 r £IOB 3s 9d; 1950. £lO9 16s 3d; 1953, £lO9 15s; 1957, £IOB 3s 9d; 1959, £llO 2s Gd; 1961, £IOB 16s 3d. . Melbourne sales included:—Commercial Bank of Australia, 17s 9d; Australian Glass, 54s 9d; Electrolytic Zinc, 28s; ditto, preference, 365; HuddartParker, 355; Herald and Weekly Times, 53s 9d; Adelaide Steam, 26s 9d; Mount Lyell, 20s_Ud. FOREIGN EXCHANGES STEADINESS OF THE FRANC (Received September 20. 0.15 p.m.) British Wireless RUGBY, Sept. 19 The following rates on foreign exchanges are current, compared with the cabled quotations on September 18 and par:— Sept. 19 Sept. 18 Par. Montreal, dol. .. 4.85% 4.85y» 4.866 New York, dol. . 5.00 V, 5.00 1 7 16 4.606 Paris, fr. 75 75 124.21 Brussels, belga . 21.05 21.05Va 35.00 Geneva, fr. . . 15.15 15.15% 25.22 Amsterdam* fl. . 7.28Va 7.29'/ a 12.10 Milan, lire .. 57% 57% 92.46 Berlin, r.m. .. 12.38 12.38 20.43 Stockholm, kr. . 19.39% 19.39% 18.159 Copenhagen, kr. 22.40 22.40 18.159 Oslo, kr. .. 19.90% 19.90% 18.159 Vienna, sch. .. 26% 26% 31.585 Prague, kr. .. 118% 118% 1G4.25 Helsingfors, mark 226% 22f>% 129.23 Madrid, pes. .36%, 36%. 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. .. 516* 516* 375.00 Bucharest, lei. . . 495 495 813.6 Riode Janeiro, mil. 4%d* 4%d* 5.899 d Buenos Aires, dol. 36%<1* 36% d* 47.619 d Montevideo, dol. 39% d* 39% d* 51d rupee . 18% f id 18%„tl 18d Shanghai, dol. .. 17d I7d Hongkong, dol. . 18 3 /,„d 18% d Yokohama, yen . 14 s ; r ,d 14V 10 d 24.58 d Bntavia, fl. .. 7.27 7.27 12.10 Belgrade, din. .. 216 216 276.31 •Sellers. NEW ZEALAND MONEY ABROAD Current dollar exchanges as quoted by the New Zealand banks, are as under: — U.S. Dollars to £1 sterling. Buying Selling United States .. 5.11 4.91 Canada .. .. 4.96 4.76 Following are the latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They aro subject to alteration without notice: T.T. On Demand To £1 N.Z. Currency Selling Buying Selling: France, fr. .. 59.55 61.15 59.00 Noumea, fr. .. 58.80 62.20 58.85 Papeete, fr. .. 58.80 62.20 58.85 Belgium, belga .. 16.595 17.395 16.610 Germany, r.m. .. 9.738 Italy, lire . . .. 45,65 Switzerland, fr. .. 11.990 12.405 12.000 Holland, fl. .. 5.738 6.038 5.742 Java, fl. . . .. 5.734 6.009 5.738 N.Z. pence to Japan, yen .. 18%, Shanghai, dol. ..22 2 20'% a 21 a -%, India, rupee .. 22=.%, 22% 8 22 19 /„ Ceylon, rupee ~. 22"/, a 2222 10 /„ Hongkong, dol. . . 24% a 22' 3 / ie 223% a3 3 % a Singapore, dol. .. 35% 34%, 35Y,„ The cost in New Zealand currency of the pound sterling, and of the principal foreign units, on the latest quotations, is as follows: — Present Price Par sd 8 <1 Australia, pound .. 19 10.P1 20 0.00 London, pound . . .. 24 10.50 20 0.00 New York, dollar .. 5 0.79 4 1.31 Montreal, dollar .. 5 2.71 4 1.31 Paris, franc .. .. 0 3.98 0 Berlin, reichmark .. 2 0.11 0 11.74 Copenhagen, krone .. 1 1.33 1 1.22 Yokohama, yen . . . . 1 5.85 2 0.58 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 Department when the exact time of departure is learned on arrival of the vessels in NewZealand, finally declared rates being marked*: — City of Winchester, America, dol. .. 5.00J Waikawa, America, dol. .. 6.03 i Golden Cloud, America, dol. .. 4.99 Canadian Leader, Canada, dol. .. 4.88S Aorangi, Canada, dollars .. 4.85J CALL AND DIVIDEND LIST Dividends— Due N.Z. Drug—interim, 3| p.c. To-morrow Kuala Kampar—3d a share . . Sept. 27 Bank A'nsia—interim. 3s 6d (sterling) a share, less tax at 4s 6d in the £1 • • Sept. 28 North Broken Hill—final. Is 6d bonus, Is a share . . . . Kept. 28 Auck. Fnrm. Freezing—6 p.c. .. Sept. 28 Pukemiro Collieries—2t p.c. . Sept. 28 Dunlop Perdriau—old., 5 p.c. pref., final, 5 p.c. Sept. 28 British Tobacco—quarterly, 1} p.c., making 6 p.c. for year Sept. 29 1 Milburn Lime—final, 5 p.c. .. Sept. < CallAlexander Mines—con., 6d a share Sept. 27