FUTURES Quiet, steady
The futures market was fairly steady yesterday, with moderate trading. Mr Geoff McDonnell, futures manager of Mair Astley, said that the wool futures contract was dead flat yesterday. Only 17 contracts were traded. Trading in the U.S. dollar contract was also quiet. This reflected the lack of activity on the foreign exchange market The PCP contracts were busier, with 156 lots traded. Mr McDonnell said that 90day biU rates on the physical market were rising, and traders should watch this development JUS CONTRACTS Mth Open H/L Last Vol Dec 2.0250 0250/0220 0220 4
Jan 2.0500 0510/0300 0350 27 Feb 2.0750 0780/0600 0600 . 3 Contracts traded: 34 Open position as at Dec 20: Dec 166, Jan 224, Feb 4, Mar 1, Jun 1, Sep 1, total 397 (up 15). COMMERCIAL BILLS Mth Open H/L Last Vol Jan 7900 920/900 920 54 Feb 7900 920/900 920 39 Mar 7845 865/830 863 63 Contracts traded: 156 Open position as at Dec 20: Jan 441, Feb 386, Mar 777, Jun 82, Sep 72, Dec 41, total 1799 (down 26). WOOL FUTURES Mth Open H/L Last Vol Jan 506 508/505 508 17 Contracts traded: 17 Open position as at Dec 20: Jan 107, Mar 226, May 381, Aug 211, Oct 209, Dec 214, Jan 193, Mar 292, May 179, total 2012 (up 1).
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Press, 24 December 1985, Page 18
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221FUTURES Quiet, steady Press, 24 December 1985, Page 18
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