COMMERCIAL
AUSTRALIAN WOOL.
Presa Association—By Telegraph—Copyright Australian and N.Z. Gable Association.
LONDON, May 21. Mr Hughes's wool scheme surprised the wool trade, and has roused much discussion, particularly the proposal not to hold sales in London between September and May. which tlie brokers deeply resent, regarding it as an attempt to' control till the longest possible date. ' A leading Austrilian merchant thinks that- t-ho demand at the Australian sales may bo restricted bv a shortage of buyer* owing to dear money and the difficulty of arranging credits,* and also the shortacre of shipping; bnt in any c&se the stoppago of the London- sales can only have the effect of keeping U p prices against the unfortunate public.' FOREIGN EXCHANGE RATES.
home markets. LONDON. Mav 10. Consols are quoted at- £4B 15s. ' ]'. ar.d 0. shares, £475. Copper: Spot. £lOl 12s 6d; forward £lO4 7s 6d. Electrolytic: Ingots, £112 : bars £ll4 Lend: .Spot, £57 15s; forward, £39. Npelter : Spot, £46 5; : forward. £4B s<= lm: Si»t, £co4 ss; forward, £506 15s, Silver, 5s l£d per oz.
RISE IN PETROL. NEW YORK. Mav 11. Motor car petrol has been increased in price to 30 cents per gallon wholesale and J4 to 55 cents retail. KAIKORAI FOOTBALL GROUND COMPANY. LIMITED. The 27th annual meeting of the shareholders was held in the Roslyn Institute Hall on Monday. Mr F. Farley, chairman of directors, presided. The annual report and balance-sheet were considered, and satisfaction was expressed on the substantial financial improvement since the dose of tlie war. The arrangements with the combined colleges and the Rusdiv Union had worked weih and the future was promising. A moderate balance was in hand; for further improvements and repairs. Messrs W. A. Wilkinson and A. Webster (the- retiriny direct- ' were re-elected. The officers appointed for the current yea? wore-: Mr F. Farley, chairman: Mr "Vi . A. Wilkinson, vice-chairman : Messrs W. Sinclair, W. A. "Wilkinson, and W. I. Holden. a ground committee; and Mr F. Farley, treasurer.
LONDON. M; 3-V 10. Par. Mav 6. .\Fav 10 Par!.* ,;:■ ') . 25 22 £0.50 60 Stockhoh n <kr) ... . 18.16 18.15 18.08 Christian >;i ikr) 18.16 20. 2% 20.25 Montreal (do!) ... "4.85 5.24 4.25 New Yor k (dol)... 4.86 3.85.5 3.33 Calcutta (nip) .. 10.11 27| 24
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Bibliographic details
Evening Star, Issue 17350, 12 May 1920, Page 7
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371COMMERCIAL Evening Star, Issue 17350, 12 May 1920, Page 7
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