FOREIGN ITEMS

Dominion, Volume 22, Issue 61, 5 December 1928, Page 14

FOREIGN ITEMS

THE WHEAT MARKETS. (Australian Press Assn.—United Service;) (Rec. December 4, 5.5 p.m.) London, December 3. Wheat.—Cargoes are steady, on better American cablegrams, and mostly 3d. per quarter higher, but Rttle business is being done. From 5000 to 7(K)0 tons from Australian in a steamer from Calcutta, sold at 435. IOJd. Parcels are harder to buy. but there is small trade. Liverpool futures: December. 9s. OJd. per cental; March, 9s. 25-8 d„ 9s. 3d.; July, 10S. 3 5-Sd. ’ - Chicago, December 3. Wheat futures: December, 1 dollar 16 5-8 cents per bushel; March, 1 dollar 20J cents; May, 1 dollar 23} cents. TIN STATISTICS. (Australian Press Association.) London, December 3. Visible tin amounts to 21,431 tons, snot 1809 tons, afloat 3831 tons, deliveries 3081 tons. BEET SUGAR PRODUCTION. London, December 3. Herr Licht's return of beet sugar production for September is 163,884 tons. He estimates the 1928-29 campaign at 8,097,000 tons. RUBBER STOCKS. London, December 3, Rubber stocks are put down at 1685 tons. DROP IN CANADIAN MARCONI SHARES. New York. December 2. Canadian Marconis, which had a sensa • tionai curb market rise several days ago upon London news of the cable-wireless amalgamation, reaching the high point of 28}. have suffered a serious relapse curing the past twq days, upon the dissemination of an interview with the chairman of the board appearing in the Toronto “Financial Post,” quoting him aS stating over three dollars a share was too high a price. The stock yesterday dropped to 17, and trading in it was suspended. To-day stock opened nt 11 1-8. lost five points, and closed at 10 1-8. Within forty minutes 104,000 shares were traded. P. AND O. PROFITS. (Rec. December 4, 5.5 p.m.) London, December 3. The Peninsular and Oriental Steam Navigation Company, after adding £92.050 ot reserve, and setting aside a million premium, received for the issue of new deferred stock for new tonnage construction, had a credit balance of £923,029. It added to reserve for redemption of debentures £103.132. to the provident of good service fund-£20,000, and carried forward £121,929.