FUTURES August wool firmer
August wool, futures prices were firmer in line with the physical market yesterday, in spite of the New Zealand dollar holding at above US57c. However, other months did not look as confident. Mr Guy Spooner, a trader for Marshall Futures, said that 35F2D quote for crossbred fleece was firmer at 365 c a kg at wool sales yesterday. However, the contract had traded on a low volume, he said. The two interest rate contracts closed on, or near, their lows yesterday as interest rates for both Government stock, commercial bills, and call money continued to consolidate. The U.S. dollar contract was more active yesterday than it has been for sometime with 17 lots done. The April contract was 167 points down on Wednesday’s close. The premium between the Barclays share index
futures contract and the physical index gained about 4 points yesterday to stand at 50. The contract was traded narrowly, and on a quieter' volume. It finished 2 points above the previous session at 3235. Details of yesterday’s trading were: SUS CONTRACTS Mth Open H/L Last Vol Apr 1.7400 7470/7390 7390 4 May 1.7700 7730/7650 7673 13 . Contracts traded: 17 Open positions at Apr 8: Apr 374, May 30, Jun 12, total 416 (up 7). COMMERCIAL BILLS Mth Open H/L Last Vol Contracts traded: nil. Open positions at Apr 8: Jun 123, Sep 43, Dec 40, Mar 39, Jun 10, total 255 (same). GOVERNMENT STOCK Mth Open H/L Last Vol Jun 8316 323/309 310 604 Contracts traded: 604 Open positions at Apr 8: Apr 22, Jun 3346, Sep 16, Dec 105, total 3489 (up 30). WOOL
Contracts traded: 25 Open positions at Apr 8: May 147, Aug 121, Oct 114, Dec 114, Jan 277, Mar 227, May 85, Aug 16, total 1101 (up 4). ’ WHEAT Mth Open H/L Last Vol Contracts traded: nil. Open positions at Apr 8: May 7, total 7 (same). 90-DAY BANK BILLS Mth Open H/L Last Vol Apr 7505 505/480 480 28 May 7700 700/650 650 29 Jun 7810 825/800 800 31 Sep 8110 110/110 110 10 Contracts traded: 98 Open positions at Apr 8: Apr 415, May 346, Jun 294, Sep 177, Dec 44, Mar 53, Jun 40, Sep 40, Dec 40, total 1449 (up 16). SYDNEY ALL-ORDS (half-points omitted) Prev. Mth close H/L Last Vol Jun 1753 1789/160 1787 2207 Sep 1753 1785/71 1785 35 Contracts traded: 2242 Open positions at Apr 8: 10,791. BARCLAY’S SHARE INDEX Mth Open H/L Last Vol Jun 3233 250/230 235 311 Contracts traded: 311 Open positions at Apr 8: Jun 1016, Dec 82, total 1098 (up 115).
Mth Open H/L Last Vol May 682 682/680 680 3 Aug 706 709/705 705 8 Oct 708 708/708 708 2
Jan 730 730/725 725 9 Mar 728 728/726 726 2 May 740 740/740 740 1
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Press, 10 April 1987, Page 24
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469FUTURES August wool firmer Press, 10 April 1987, Page 24
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