SYDNEY WOOL SALES

Dominion, Volume 28, Issue 89, 9 January 1935, Page 12

SYDNEY WOOL SALES

Market in Sellers’ Favour

By Telegraph.—Press Assn.—Copyright.

(Received January 8, 10.30 p.m.) Sydney, January 8. At the wool sales to-day 11,534 bales were offered, 10,996 being sold at auction, and 1107 privately. AH the best features of the previous day’s sales were maintained to-day. Values generally continued to rule in sellers’ favour.

Bidding was brisk from all quarters, and satisfactory clearances were effected. Greasy merino brought to 18d.

Bradford Tops Firm

By Telegraph.—Press Assn. —Copyright, London, January 7. The tops market is firm, but not much new business is reported.

GRAIN AND PRODUCE Auckland Markets Dominion Special Service. Auckland, January 8. The potato market is fairly steady. Most merchants are obtaining their requirements from suburban growers, as this is more convenient than sending to Pukekohe. Table are quoted at 3/6 per bag, or £6/10/- per ton. Canadian onions are virtually finished for the present season, and their place has been taken by the new season’s Bnkekohe crop, which is now available in fuller quantities at about 4/6 per sugar bag. . Prices for horse feed have shown few important changes in recent months. B Garton oats are still selling at 3/3 per bushel, and chaff at £7/10/- to £7/12/6 per ton, 'but the demand is dull. The price of wheat has not advanced, but fnerchants are likely to make an alteration upward at any time, as <he southern market is very firm. Maize is steady in price, but dull of sale at 4/2 per bushel. Barley is still selling nominally at 4/2 to 4/3 per bushel, but supplies are short. English Wheat Markets By Telegraph.—Press Assn.—Copyright. London, January 7. Wheat: Cargoes to-day were steadier, and parcels were firm. .Futures: London, February, 20/7 a quarter: April, 21/1: June, 21/5. Liverpool, March, 5/0| a cental; May, 5/2i ; July, 5/3 7-Bd. Chicago Wheat Futures By Telegraph.—Press Assn.—Copyright. New York, January 7. Chicago wheat futures: May, 101 5-8 cents a.bushel; July, 94 1-8 cents; September, 92 3-8 cents. New York, cash, 1101 cents. LONDON EXCHANGE Associated Banks’ Rates The associated banks trading in New Zealand have adopted the following rates of exchange on London as from August

NEW ZEALAND ON LONDON.

Basis £lOO London.

Consequent upon the above adjustment in London exchange rates, the following rates between New Zealand and Australia were adopted as from August NEW ZEALAND ON AUSTRALIA. Buying Rate. Selling Rate. £lOl £lOO 10 0 Basis £lOO New Zealand. Customs Exchange Rates Rates of exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They 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 being marked* :— Sydney Maru, Hong-Kong, dollars 20} Sydney Maru. Japan, yen 14 Canadian Britisher, Canada, dols. 4.Si's Golden State, Canada, dollars ... 4.86 Golden State, America, dollars ... 4.05 Mamari—Continental exchanges as for November 6.

Buying. Selling. £ s. d. £ s. d. 124 0 0 T.T. 124 10 0 123 10 0 Demand 124 7 6 123 9 0 3 days 123 5 0 30 days 124 5 0 123 0 0 CO days 124 2 6 122 15 0 90 days 124 0 0 122 10 0 120 days —