WOOL VALUES FIRM

New Zealand Herald, Volume LXXII, Issue 22107, 13 May 1935, Page 5

WOOL VALUES FIRM

GOOD SALE IN LONDON GENERAL COMPETITION ' C". V LONDON, May 10 At* the wool sales to-day, 10,445 bales were offered, including 6166 from New Zealand. About 7222 Australian and New Zealand were sold. There was good Home and Continental competition at full recent rates. Ihere were some withdrawals of inferior Australian sorts. New Zealand chips sold as follows: Scoured Merino, "li Company," top price, 23jd, average 23d; Greasy crossbred, " Glengarrie," 9Jd and "3d; halfbred lamb slipe " T. 8.5., Canterbury," 14d and 13id. The Bank of New Zealand has received the following advice from its London office under date, May 10: The sales continue with opening prices fully maintained. Values are:—Greasy Merinos, 60 to 64's, 13$ d to 14$ d per lb.; ordinary, 12Jd to 123 d; inferior, lOd to 10id; half-breds, 56's, lOd to 50's, 7|d to BJd; 48 to 50's, to 7Jd; 46 to 48's, 6Jd to 7d; 44 t-o 46's, to 6Jd; 40 to 44's, 6Jd to 6}d; 36 to 40's, 6d to 6}d.

ADVANCES AT ADELAIDE

UNITED INSURANCE

FOREIGN EXCHANGES

. GOLD AND SILVER

BEST BATES OF THE SEASON ADELAIDE, May 11 At the Adelaide wool sales to-day, competition was fully maintained and values were easily the best of any Adelaide sale this season. Probably they were the highest of any in Australia. The average price during the series was £l2 10s a bale.

HIGHER INTERIM DIVIDEND The United Insurance Company, Limited, Sydney, has declared an interim dividend of 4 per cent for the half-year ended March 31. Last year the company paid an interim dividend of 3J per cent and a final dividend of 4 per cent.

APPRECIATION OF STERLING British Wireless RUGBY, May 11 The following rates on foreign exchanges were current yesterday, compared with the cabled quotations on May 9 and par:— May 10 May 9 Par Montreal, dol. .. ' 4.85% 4.85% 4.866 New York, dol. . 4.85% 4.84"/ iB 4.866 Paris, fr. .. 73"/ i. 73%, 124.21 Brussels, belga . 25.69 28.67 35.00 Geneva, fr. .. 35.01 15 25.22 Amsterdam, fl. . 7.17% 7.17%' 12.10 Milan, lire .. 57% 68% 92.46 Berlin, r.m. .. 12.07 12.07 20.43 Stockholm, kr. . 19.39% 19.39% .18.159 Copenhagen, kr. . 22.39% 22.39"/* 18.159 Oslo, kr. .. 19.90 V, 19.90% 18.159 Vienna, sch. .. 25% 25% 34.585 Prague, kr. .. 116% 116% 164.25 Helsingfors, mark 226 Vi 226% 129.23 Madrid, pes. .. 33%, 35% 25.221 Lisbon, escu. .. 110 110 110 Athens, dr. .. 509* 509* 375.00 Bucharest, lei. . 480 480 813.6 KiodeJaneiro.mil. 4%d* 4%d* 5.899 d Buenos Aires, del. 35% d* 35% d* 47.619 d Montevideo, dol. 40% d* 40Vid* old Bombay, rupee . 18% d 18% d lSd Shanghai, dol. . 20'/id 20% d Hongkong, dol. . 25%, d 28%, d Yokohama, yen . 14% 3 d 14% 2 d 24.55 d Bats? *; fl. .. 7.17% 7.16% 12.10 Bettf- ifiT din. .. 213 213 276.31 W sloty .. L ' ' aU 'Sellers. -!f," ece ; ve( j \f ay 53 p.m.) ' ' LONDON, May* 11 On the foreign exchange market today the following quotations ruled: — New York, dollars; Paris, 73 13-16 francs; Batavia, 7.17£ florins. NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar-sterling rates on Saturday, subject to alteration without notice: — United States Canada Conversion dollar bills received for collection and sale dollar drafts and telegraphic transfers .. .. 4.84 4.84 Purchase dollar bills .. 4.87 4.87 On a New Zealand currency basis these rates are equivalent to:— Selling: United States Canada T.T 3.88% 3.88% On demand .. 3.89% 3.89% Buying: On demand . . 3.91% 3.94% Following are the latest rates for purchases and sales of exchange quoted by the Bank of New South Wales, Auckland. They are subject to alteration without notice: — T.T. On Demand To £1 N.Z. Currency Selling Buying Selling U.S.A., dol. .. 3.85% 3.94% 3.89% Canada, doL . - 3.89 J /i 3.94% 3.89% France, fr. .. 58.52 60.12 58.57 Noumea, fr. .. 57.77 61.17 57.82 Papeete, fr. .. 57.77 61.17 57.82 Belgium, belga .. 22.732 Germany, r.m. .. 9.481 Italy, lire . . .. 46.65 Switzerland, fr. .. 11.884 12.359 13.894 Holland, fl. .. 5.647 5.947 5.051 Java, fl. . • # • 5.650 5.925 5.654 Sweden, kr. .. 15.457 15.827 15.467 Norway, kr. .. 15.867 16.237 15.877 Denmark, kr. .. 17.878 18.248 17.888 Austria, sch. . . 20.27 Czecho-Slovakia, cr. 32.92 N.Z. pence to Japan, yen .. 1 7: % a —,, Shanghai, dol. ..22 1 / i« 24', 33 25/* India, rupee .. 22»/, a 22% 22»% a Ceylon, rupee .. 22 /n 22 v, 2- /n Hongkong, dol. .. 36"/ i, 35% 36% Singapore, dol. .. 35% 34%, 35/ i, The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: — Present Price Par sd s d Australia, pound •• London, pound .. 24 30.50 20 0.00 New York, dollar .. 5 3.67 4 3.31 Montreal, dollar .. 5 3.67 4 3.31 Paris, franc .. .. {J 4.04 0 Berlin, reiebmark .. 2 0.i3 0 11-/4 Copenhagen, krone .. 1 1 1.2. Yokohama, yen .. . • 1 5.61 2 0.58 CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of vessels named are shown in the following table. Thev are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessels in New Zealand. Finally declared rates are marked*: — Canadian Britisher. America, dol. *4.77 Canadian Britisher, Canada, dol. 4.84 Amtralind, America, dollars .. 3.83/, Cornwnllis, Canada dollars .. 4.86 Aoransn. Canada, dollars . . . . 4.8 a « r- np York. America, dollars . . 4.M A Canjdian Scottish, Canada, dollars Monterey. America, dollars . . 4.8 Aldington Court, America, dollars 4.b3-ig

QUOTATIONS IN LONDON (Received May 12, 5.5 p.m.) LONDON May 11 Fine gold is quoted to-day at £7 3s 4d .ar ß fVmce, compared with £7 3s 5d yesu J Xv, and £7 3s 8d on Thursday. quoted yesterday at 33d an and 33 3-16 d forward, comjwcf?*- h 32Jd and 32 11-16 d on Thursda v? The quotation for silver at per fine ounce yesterday was 35|d, compared with' 33* l-16d on Thursday.

WHOLESALE EGG PRICES The wholesale prices of eggs are unrhangPil, as follows: —Hen, first grade, 2s 3id a dozen; B grade, Is' 10Jd; C. grade, Is 7Jd; duck, Is 10jd, Is Bsd and Is 7 Jd.