AUSTRALIAN WOOL

New Zealand Herald, Volume LXXII, Issue 22147, 28 June 1935, Page 7

AUSTRALIAN WOOL

COMPETITION AT BRISBANE IMPROVED VALUES BRISBANE, June 27 At the Brisbane wool sales, which concluded to-day, there was keen competition, and values for well-grown wools were fully 5 per cent higher. Top prices were:—Greasy; 18|d; scoured. 2?id. ADVANCES IN PERTH

15 TO 20 PER CENT j PERTH. June 27 At the Pertli wool sales to-day prices I showed an advance of 15 to 20 per cent, compared with the April sale, making parity with recent advances in other markets. PRICES OF METALS COPPER STILL DECLINING (Received June 27, 7.35 p.m.) LONDON, June 26 Following are to-day's quotations on the London inetal market, compared ! with those of June 25: , June 26 June 25 * ' Per ton Per ton ■£sd £ a d Copper, atan., Bpot . .29 6 3 30 0 7} Copper, stan., 3 tnoa. 29 12 6 30 9 4i Copper, electrolytic . . 32 10 0 33 0 0 »to to 33 5 0 33 15 0 Copper, elec., wire bars S3 5 0 33 15 0 Lead, soft, spot - . 13 13 9 33 17 6 Lead, soft, forward 13 15 0 13 18 9 Spelter, spot . 13 17 B 14 0 0 Spelter, forward 13 18 9 14 1 3 Tin, stan., spot 229 lfl 3 229 16 3 Tin, stan., 3 mos. . . 220 7 6 219 17 6 CANADIAN DAIRYING NEW BONUS SCHEME OTTAWA, Juno 26 A price differential scheme for the dairy industry is forecast by the Minister of Agriculture, Mr. R. Weir. The scheme is to make levies on one product to provide a bonus for another. When butter is above the world market producers shipping to creamI cries will be taxed to provide a bonus for shippers to cheese factories. DUTCH BANK RATE REDUCTION ANNOUNCED „ AMSTERDAM, June 26 The bank rate has been reduced to 4 per cent. A cablegram from Amsterdam on April 10 stated: —The Netherlands Bank has lost £15,000,000 worth of gold in the past few days in its attempt to defend the guilder against speculators. It has fixed the bank rate at 4} per cent. GOLD AND SILVER QUOTATIONS IN LONDON {Received June 27. 7.35 p.m.) i LONDON, June 2(5 Sine gold is quoted .to-day at £7 Is 2d an ounce, compared with £7 Is Oid yesterday. Silver is quoted at 31d an ounce spot,, and 301 d forward, compared with 31jd and 31j|d on June 24. The quotation for silver at per fine ounce is 33 7-16 d, compared with 33id yesterday. REAL ESTATE BUSINESS The following sales of property were reported at the monthly meeting of the committee of the Real Estate Institute: —St. Holiers Bay, six sections and one dwelling; Mount Eden, ono dwelling, £1150; Onehunga, Kingsland, Morningside and Ellerslie, four dwellings; Epsom, one section in an estate. The following sales of farm lands also were reported:—Manurewa, 100-acre farm; Takanini, highly improved 100-acre farm.