HAPPY AUGURY.

Star (Christchurch), Volume LXVI, Issue 20456, 8 November 1934, Page 9

HAPPY AUGURY.

Record Wool Price at Geelong. United Press Assn.—By Electric Telegraph—Copyright. (Received November S, 12.15 p.m.) SYDNEY. This Day. A record Victorian price for the season of 192 d a lb was paid for merino wool at the Geelong sales, which opened yesterday. It was the largest offering of super wools in Victoria this sea- j son, and the well-sustained competition is taken as a happy augury for the future. Top price for cross-breds was 172 d. EMBARGO REMOVED, (Received November 8, noon.) LONDON, November 7. Bradford textilers have withdrawn the embargo on the delivery of yarn to Germany. SHARLAND AND CO. Annual Meeting. Per Press Association. WELLINGTON. This Day. The annual meeting of Sharland and Co. re-elected the retiring directors, Mr A. E. Mabin and Lieutenant-Col-onel A. A. Corrigan. Reviewing operations, Mr Mabin said stocks were lower by £7lßl but this was only temporary. A mortgage of £15,000 on the Auckland premises had been paid off and all the company’s properties were now free of liability. The report and balance-sheet were adopted. It was decided to make immediate payment of a 23 per cent dividend on both pref. and ord. shares, making five per cent for the year. * WESTPORT COAL CO. Final Dividend. Per Press Association. DUNEDIN, November 7. The directors of the Westport Coal Company, in their report to the shareholders, will recommend the payment of a final dividend for the year of 6d per share, payable on November 26, and making a total distribution for the year of Is per share, equal to 10 per cent. WILSON’S CEMENT. Increased Dividend. (Special to the ’’Star.”) AUCKLAND, November 7. An increased interim dividend of 73d per share has been declared by Wilson’s (N.Z.) Portland Cement Co., Ltd. LONDON STOCK EXCHANGE. LONDON, November 7. The financial editor of the “ Daily Telegraph ” says the rise in British Government stocks gathered force on Tuesday. The big financial institutions’ demand is evident in greater volume, while foreign funds continued to flow to London for safe investment, with the result that the price movements were dramatic- War loan reached £lO6. Old Consols rose £1 to £B4 17s 6d. LOAN CONVERSION LISTS. (Received November 8. 1.45 p.m.) LONDON, November 7. Loan conversion lists close on November 9. Cash applicants pay final instalment of 94 per cent on January 1, 1935. The first payment of six months’ interests will be on July 1, 1935. EXCHANGE RATES. Local Dollar Values. Current dollar exchanges as quoted by the New Zealand banks are as under: Buying Selling. United States 5.07 4.87 Canada 4.97 4.77 Dollar and Franc. (Received November 8, Noon.) LONDON, November 7. The American dollar is quoted at 5-00 1-8 to £1 sterling, and the franc at 76. £1 (New Zealand) is Worth:

PRICE OF GOLD. (Received November 7. Noon.) LONDON, November 7. Gold is quoted at 339 s ljd a fine ounce. GRAIN AND PRODUCE. The grain and produce markets have been very quiet this week. Not only it it one of ihe quietest periods of the year, hut the races this week have had the effect of reducing still further the volume of business. There have been a few inquiries for potatoes from the North Island. but no change in quotations has taken place. Following are the prices quoted to be paid to farmers on trucks at country stations, sacks extra unless otherwise Wheat, f.o.b.—Tuscan, 3s lid: Hunters. 4s Id; Pearl. 4s 3d. Fowl wheat—3s 2d to 3s 3d a bushel. Potatoes—Whites. 22s 6d (prompt); Suttons, 25s to 27s 6d: Dakotas. 22s 6d (prompt). Onions—Brown Spanish, £6 to £6 10s a ton. Ryegrass—Perennial. 3s to 3s 3d: Italian and Western Wolths. 3s to 3s 3d. Cocksfoot—Akaroa, 9d: Plains. 6d to 7d. Clovers—White Is to Is 4d; cowgrass. 9d to lOd. Oats—Gar tons. Is 9d to Is 1 Od; Algerians, Is 7d to is 8d: Duns. 1s 9d to -s a bushel, according to quality. Chaff—£2 7s 6d. Partridge Peas—4s to 4s 3d. Linseed—£l4 a ton. Bran—Local. £t 10s: shipping. £4 ss. Pollard—Local, £5 10s: shipping. £5. Flour—Local, £l2 12s; shipping, £ll 17s, with the usual increments for smaller packings.

£ s. d. In Yokohama (13.71 yen) .... 1 7 7 In Sydney 1 o 0 In New York (3..07 dollars) .. 0 16 3 In Montreal (2.S9 dollars) .. 0 16 0 In London 0 16 0 In Berlin (9.72 marks) 0 9 6 In Paris (60.22 francs) 0 9 7 In Brussels (17 belga > 0 9 7