LATE COMMERCIAL.

Press, Volume LX, Issue 18242, 28 November 1924, Page 13

LATE COMMERCIAL.

A COMMONWEALTH LOAN.. (BT • «A3I£—PRESS ASSOCIATION-—COFYKIGHT) (iVSJSJOJUX AXD JJ.Z. CAZZZ ApSOCUIIOK3 LO,NDON. November 26. 3. Commonwealth loan baa baen announoed, repayable 1910-60. Sis months' interest is payable on July Ist. Thero ara £3,000,000 of new money, and £3,000,000 to repay Treasury bills. LONDON, November 26. Tho loan cf £6,000,030 bearing 42 per cent, and issued a.t 371, lias been -underwritten. <Received November 27th, 8.45 p.m.) LONDON, November 27. The "Financial Times" says tho dearer terms of tho new Commonwealth loan favourably influenced tho market. As a .longdated, well-secured investment, it should appeal especially to trustees. Tho "Financial Nowe" aijys the yield is not vory high, but indicative of the trend of gilketlgeds. ThQ "Paily Express" remarks it is generally anticipated ihat there will bo a good response. Tho "Daily Chronicle" says the loan has rather stimulated interest in existing overseas securities than otherwise, on account of tho new lower rate of interest on loans of this type. The "JTorping Post" says: "It- will be seen that tlio Dominions ire now evidently beginning to break .through the five per cent, firm of borrowing. The Dominions certainly cannot complain about not obtaining preferential treatment here where financial requirements aro concerned. There is prospect of a. fair response to these issues, because thero 13 rather a scarcity of stock among trustee securities at jrcsept."

WHEAT. LONDON, November 26. Wheat cargoes opened easier arid closed ?teai«r at a decline of 6d a quarter. Parcels werei in quiet demand at 6d a quarter down. Liverpool future quotations are^—December l'2a 7id (sellers); March, 12s JOJd (bujow); May, 12s ojd per-cental (sellers). CHICAGO. November 26. Wheat—December 154£ cents; May 1622; July 143J cents n- bushel.

AUSTRALIAN MARKETS. (Ilcceiveil November 271 hj, 9.15 p.m.) SYDNEY, JToveJnber 27. Oats Tasmaman Algerian, 3s Gd to 4s a bushel, white *S 3d to 49 6d. Maize—Yellow 3s lOd to 4s a bushel, white Tasnianian £5 a ton, local £o to Local £l2 a ion! ADELAIDE, November 2i. Oats—Algerian 3s.

STOCK EXCHANGES. (rBSSS A3SOCIATIOH TItIQJUMS.) AUCKLAND, November 27. Salts—"War Loan, 1027, £97 12s Ed; Solrt > Bonds, £lOl 2a 6d; Commercial Bank. r}„. isjow Zealand Insurance, 30a; Auckland G»s, 24s 6d; Northern Steam, 16a 6d; Waihi, • 3 sd * DUNEDIN, November 27. Sales on 'Change—New ZeaJand Breweries, 22s (three); New Zealand Refrigerating (con.), 11®

DUNEMN SHEEPSKIN MARKET. The fortnightly sheepskin sale was held at Dunedio on "Wednesday, when good-£««d flatftlofrues were offered to it full attendance of buyers. Competition was very keen, and "rices showed en advance for .fine crossbred and crossbred ekiws to the extent of 3d per n, while halfbreds were better by fully 3d «« late ruling rates. Merino, 22d to 2Sd: lialfbred, 24d to 25|d, half-wool 21<j 4a "3ld quarter-wool to 2Cd; fine crossbred, full-wool 23d to 23Jd, half-wool 13<1 to 212 d: mi«ter-wool 17d to 18d; crossbred, full-wool ood to 23d, half-wool 17d to 17Jd. quarterl~\ iGd to I'd; hoggets, fine to 23id, medium 19d to 20d; lamb's, 18d to 19M; halfbred dead, 21d to 23Jd; crossbred, dead, 17jd' to 192-d; pells," Hi to l^d.