STORES READY TO RECEIVE WOOL

Southland Times, Issue 23646, 22 October 1938, Page 4

STORES READY TO RECEIVE WOOL

PREPARATION FOR NEW SERIES Woolbrokers throughout the Dominion are practically ready for the reception of wool for the 1938-39 series of sales. The sales begin in Auckland at 9 aia, November 26, and the December roster, with bales offered last season, is as follows: —

Allocation of the quantities to be offered at each sale is the function of the New Zealand Wool Committee, which body is representative of wool growers’, buyers’, and brokers’ interests. Shearing is now in progress in the Auckland area, and some wool has already been received into store for the sale. It is feared that wool from the Waikato district may be reduced . in quantity because of the depredations made by facial eczema'. Auckland will open the season with a carry-over of between 700 and 800 bales now held in city stores. The carry-over in Wellington is likely to be small. Some early-shorn wool has already been received in this centre. Dalgety and Co. report offerings and sales July to September as follows:—

3 mos., 1938. 3 mos., 1937. Bales. Bales

* 16,197 13,285 22,412 20,841 Offerings for September only were 991 bales, of which 926 were sold. Exports of wool for the three months in review amounted to 62,557 bales, of which 12,628 were from Wellington and 10,113 from Lyttelton. The total for the period 1937 was -71,946 bales, or 9389 bales less than for July-September of last year. FOREIGN EXCHANGES LONDON. October 20. Par. Oct. 19 Oct. 20 Paris, fr. to £1 170 178 41-64 178 47-64 New York, dol to £1 4.866 4.75% 4.75% Montreal. dol. to £1 4.866 4.82% 4.81 Brussels. belgas to £1 35 28.26 28.11% Geneva. fr. to £1 25.2216 21.01 20.95 Amsterdam. kr. to £1 12.107 8.77% 8.73% Milan, lire to £1 92.43 90% 90 5-16 Berlin, reichmarken to £1 20.43 11.90% 11.88 Copenhagen. kr. to £1 18.159 22.40 22.40 Stockholm, kr. to £1 18.159 19.41 19.41 Oslo, kr. to £1 18.159 19.90 19.90 Prague, kr. to £1 154.25 138% 138% Helsingfors, marks to £1 193.23 226% 226% Madrid, pesetas tc £1 25.2215 — Lisbon, escudos to £1 110 110% 110% Athens, orach to £1 375 547% 547% Bucharest. lei to £1 818.60 665 665 Belgrade dinars 375.3 212 211 Rio de Janeiro. pence to mllreis 4.90 2 29-32 2 29-32 Buenos Aires, pence to dol. 51 19.02% 19.01% Montevideo. pence to peso •. 20% 20%

Napier December. Bales.' 2 20,341 20,229 Wellington ■ 7' Christchurch 12 23,800 Timaru 16 14,532 Dunedin 29 23,984

Offered. Sold. Offered. Sold. Dunedin 1942 1419 2570 2355 Timaru 1887 1371 2179 1639 Christchurch . 2083 1691 3273 3111 Blenheim 34 23 21 21 Wellington 3319 3123 4711 4525 Wanganui 2119 1922 2661 2417 Napier 1881 1713 3051 2946 Gisborne 895 875 1175 1124 Auckland 2037 1148 2771 2703