WANGANUI WOOL SALE

Otago Daily Times, Issue 22504, 23 February 1935, Page 8

WANGANUI WOOL SALE

THE RANGE OF PRICES (Per United Press »Association) WANGANUI, February 22. The following is the range of prices at the Wanganui wool sale held last night:— Corrledale — Average, lOd to llld. Fine halfbred, 58, 56/58, 60— Average, 9d to 9£dInferior. 7d to 7Jd. Medium halfbred, 60/56, 60—Super, 9d to Ofd. Average, 8d to B|d. Inferior, fid to 7d. Extra fine crossbred, 48/50 — Average, fijd to 7}d. Inferior, s|d to fid. Fine crossbred, 46/48 Super, 7d to 7£d. Average, fid to 6fdInferior, 6d to sld. Medium crossbred, 44/46 Super, 6Jd to 7d. . Average, 5Jd to sJd.' Inferior, 4|d to sd. Coarse crossbred, 40/44—• Average, 4|d to sid. Inferior, 4d to 4Jd Hoggets— Fine, 48/60, 7sd to B|d. Medium, 46/48, fid to 7d. Down, 50/56, 8d to 9d. Fine, 46/50. 7d to 9d, Seedv and inferior, all grades, 41d to 6|d. Bellies and pieces— Crossbred, good to super, 4|d to sd. Crossbred, low to medium, 3d to 4d. Crutchings— Medium to good, 4td Inferior and seedy, 3d to 3jd. Locks— . . . „, Crossbred, 2Jd to 3d. FOREIGN EXCHANGES (British Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, February 21.

ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales. Dunedin, quoted the following rates for purchases and sales of foreign exchange yesterday:— Buying. Selling. London—£N.Z. to filOOstg T.T. 124 . 124/10/-

Singapore— N. pence to 1 dollar .. .. T.T. 34 13-32 3S 11-32 O.D. 34 8-82 85 9-32 These rates are subject to alteration without notice. i - DOLLAR RATES The Associated Banks (other than the Bank of New South Wales) yesterday quoted the following dollar-sterling rates, which are subject to alteration without notice:— ‘ U.S.A. Canada. 1 Dels. Dols. Conversion of dollar bills received for collection and sale of dollar drafts and telegraphic transfers .. 4.86 4.86 Purchase of dollar bills .. .. 4.90 4.90 On a New Zealand currency basis these rates are equivalent to: —; U.S.A. Canada. Dols. Dols. Selling: T.T. .. >. .. .. .. S.9oi 3.904 O. .. ... ... .. ... 3.90 J 3.90 J Buying: O.D. .. .. .. .. .. 3.97 3.97 BANK OF AUSTRALASIA DIVIDEND (United Press Association ) (By Electric Telegraph—Copyright.* LONDON, February 21. The Bank of Australasia final dividend is 4s per share, and as the occasion is the centenary of the bank’s incorporation a bonus to proprietors of 2 per cent, t.nd a staff bonus of 7i per cent, is being paid from a special fund gradually accumulated for several years. Carried forward, £178,690. '■ BEET SUGAR ' (United Press Association.) .• (By Electric Telegraph—Copyright.) LONDON, February 21. Beet sugar: March, 4s 3|d. DOLLAR AND FRANC (United Press Association.) (By ElectrUl Telegraph—Copyright.) LONDON, February 21. Exchange on New York is quoted at 4.88 7-16 dollars to the £ and on Paris at 73 13-16 francs to the £.

FRANCIS WILLEY COMPANY (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, February 21. (Received Feb.'22, at 5.5 p.ra.) Lord Barnby, following a private meeting of the creditors of the Willey Company, which passed a resolution for voluntary liquidation, said: “This is only a unit of what is known as the Willey group. It is not anticipated that certain substantial businesses of the group will be adversely affected. It is understood that by an arrangement with the financial creditors concerned the creditors for goods and services will be fully paid. There is no alternative to this step in view of the non-renewal of agreements with certain standstill ' creditors. This action was the only way of protecting the interests of all' concerned in the hope that it will lead to a basis for some reconstruction.” , • CANTERBURY MARKETS (Per United Press Association) CHRISTCHURCH, February 22. The absence of North Island inquiries and the rains in most parts of Canterbury have had the effect of easing the potato market. The f.0.b,, s.i., value today is £5 ss, or £4 on trucks. _ Some farmers have sold a small proportion of their crops at from £4 to £4 ss. The onion market is also a shade easier, f.0.b., s.i. quotations being from £7 10s to £7 15s. The oats market is very firm, with a further hardening in prices. A Cartons are worth up to 3s. f.0.b., s.i., and B’s 2s 8d to 2s 9d. Offers to growers qre 2s 4d to 2s 5d for A’a and up to 2s Id for B‘s. Good Algerians are worth 2s

on trucks. Very few Duns are offered, but some business has been done at up to 2s 3d, on trucks. ... : Fowl feed is very firm? Prompt is worth 4s 4d f.0.b., s.e., and spread from 4s 5J to 4s 6d. There is a normal trade inquiry for small seeds at this period of the year, a fair amount of inquiry, coming from the North Island. All markets are firm. Akaroa cocksfoot has been sold at as high as lid a bushel, on trucks, for heavy seed, and a halfpenny less for plains. Little of the latter, however, is left in the farmers’ hands. Ryegrass is also tending to firm. 3s being readily available on trucks for. good seed, with some business reported at 3s 3d. White clover is in heavy supply, and is practically tha only seed for which there is not an active demand. It is quoted at from 7d to 9d per lb. A sample or two of red clover has beep offered, and merchant*’ quotations are 10d to lid per lb. PUBLIC TRUST OFFICE STATEMENT FOR JANUARY. Estates of a value of £405,229 wer* reported and accepted for administration by the Public Trustee during January. On March 31, 1934, the total valu* of the estates under administration by him was £60,760,493, and the new business for tlje 10 months ended January 31 last, was £5.007,121, compared with £4,209,656 for the corresponding period last year. Grants of administration made by th* court in favour of the Public Trustee numbered 115 for the month. During the month 346 new wills appointing the Public Trustee executor were deposited for safe custody by living testators «nd 303 existing wills were revised to provide for changes desired by testators.

Paris— Francs to £ l Par. 124.21 Feb. 20. 73 51-64 Feb 21, 23 45-64 Brussels— Belgas to £1 30 20.86 20.83} Oslo— Kroner to £1 18.180 19.90} 19.90} Stockholm— Kroner to £1 18.130 19.40 19.30} Copenhagen— Kroner to £1 18.150 22.39} . 22.39} Berlin— Marks to £1 20.34 12.13 12.111 Montreal— Dollars to £1 4.88 2-3 4.88J 4.88 New York— Dollars to £1 4.86 2V 4.8S 9-16 4.88 Yokohama— Pence to yen .. 24.582 14 1-64 14 1-64 Hongkong— Pence to dollar 24.58 21* 22 Bombay— Pence to rupee _ 18 5-32 18 5-32 Batavia — Florins to £1 12.10 7.18} 7.17} Milan— Lire to £1 .. 82.46 57 23-32 57 15-32 Amsterdam— 7.20} 7.19* Guilder to £1 12.107 Prague— Kroner to £1 104} 116 T-16 116 5-16 Geneva— 15.04 15.02 Francs to £1 25.22} Vienna— 28’ 20 Schillings to £1 84.86} Helsingfors— 226} 2261 Marks to £1 193.23 Madrid— 35 9-16 Pesetas to . £ 1 25.22} 351 Belgrade— 214 214 . Dinars to £ 1 25.22} Athena— 514 Drachma to £1 375 512 Lisbon — 110} Escudos to £1 110 110} Bucharest— 483 Lei to £1 931.6 483 Rio de Janeiro--4} 4i Pence to mllrels 6.890 Buenos Aires — 36} 36} Pence to pesos 47.28 Shanghai— Pence to tael 18 5-16 18 5-16 Montevideo— 40% 40} Pence to pesos — Warsaw— 23.87 25.81 Zlotys to £ 1

O.D. 123/10/124/7/6 Australia— 100/10/£A to £100 N.Z. T.T. 101 O.D. 101 100/10/Fiji— 90/1/6 £F to £100 N.Z. T.T. 89 O.D. 90/T/6 89 New York — 3.943 3.901 Dollars to £1 N.Z. T.T. O.D. 3.96% 3.908 Montreal— 3.91J 3.901 Dollars to £1 N.Z. T.T. O.D. 3.953 3.91 France— Francs to £1 N.Z. T.T. O.D. 59.86 60.16 58.56 58.61 Noumea— Francs to £1 N.Z. T.T. 60.81 57.81 O.D. 01.21 57.86 Papeete— Francs to £1 N.Z. T.T. 60.81 57.81 O.D. 61.21 57.86 Belgium— Belgas to £1 N.Z. t.T; 1T.119 16.419 O.D. 17;S19 16.434 Germany— Reichsmarks to £1 0.526 N.Z. T.T. — O.D. —• 9.531 Italy— Lire to £1 N.Z. T.T. _ 45.50 O.D. -— 45.54 Switzerland — 12.293 11.893 Franca to £1 N.Z. T.T. O.D. 12.308 11.903 Holland — . 5.667 Florins to £1 N.Z. T.T. 5.917 O.D. 5.067 5.671 Java — 5.650 Florins to £ 1 N.Z. T.T. 5.875 O.D. 5.025 6.654 Japan— N.Z. pence to 1 17 21-32 yen .. .. .. T.T. — O.D. — — ♦ Shanghai— N.Z. pence to 1 dollar .. .. T.T. 22 3-32 23 13-32 India and Ceylon— O.D. ,21 31-32 23 11-32 N.Z. pence to 1 rupee .. .. T.T. 22 13-32 222 O.D. 22 9-32 22 11-16 Hongkong— N.Z. pence to 1 27 dollar .. .. T.T. 28 1-16 O.D. 261 28