COMMERCIAL

Evening Star, Issue 18138, 30 November 1922, Page 10

COMMERCIAL

Pr«M Association —By Telegraph— Copyright. THE WOOL MARKET. LONDON, November 23. At .the wool Bales there was a good' ottering of Queensland scoured merinos. There was some irregularity in average merinos, and buyers were less keen. ‘‘Algidus’ clip, 65jd; Belfast lambs, 25£d.—A. and N.Z. Cable. . , nr SYDXEA, November 29. The math series of wool sales concluded ■with keen competition, notwithstanding evidence of burr. Japan and France were very active, and late rates were main-: Uiined. FOREIGN .EXCHANGES. LONDON, November 28. Tha exchange rate on 'Paris is 65.65 franca to the £. This is due to heavy selling by speculators, owing to France's altitude towards the, reparations. The Berlin rate is 585,000 marks to the £, and the New “fork rate 452£ cents to the £. There has been considerable buying of sterling on both sides of the Atlantic. The improvement at this period of the year is causing some surprise, and is regarded as indicative that the United States IS favorably impressed by Britain’s financial and economic position.—A. and N.Z. Cable. LONDON SHARE MARKET. ... . T,::v, LONDON, November 28. P. and 0. shares: Buyers, £525; sellers, £555. Dalgely and Co., £ll 2s 6d and £77. Wand: Buyers, 32s 3d; sellers, 55s 3d. —A. and N.Z. Cable, WANGANUI WOOL SALES. The range of prices at the Wanganui wool sales yesterday was as under:— Southdown,-l6id to 18jd; fine cross-breds ,(46’s-48’sj—-super 9id to Idd, average 9|d 'tO 1H ; merinos, 7{d to B|d ; medium cross-breds —average 8-d to lid, inferior 6d ito 7|d; coarse cross-breds—average 7d to Bjd, inferior 6{d to 6£d; low crossbreds—super 7d to Bd, average 6Jd to 7d, inferior 4£di to sjd; hoggets—fine 9j,d to 14d, medium B£d to I2]d, coarse to Bd, low to Yd; lambs— fine 9]d to 12jd, medium 7jjd to 10.|d; crutchiugs, 4d to .infenox-Zd-hq £4*

I.ONDON WOOL SALES. Messrs Murray, Roberts, and Co. have received the following wool market cablegram from their London agents, dated the 28th inst“ Merino : Best descriptions, market shows no change; medium to good, market, par to 5 per cent, advance compared with dosing rules of last London sales. Slipe: Fine cross-bred, market advanced 5 per cent. : medium cross-bred, market advanced 10 per cent.”