COMMERCIAL

Evening Star, Issue 20129, 20 March 1929, Page 4

COMMERCIAL

SYDNEY WOOL SALES. SYDNEY, Alareli 10. (Received March 20, at 1 a.m.) At the wool sales 11,188 hales wero sold. Competition was strong. Crossbreds were in good request. Greasy merino made up to 20.p1. LONDON AIETAL MARKET. LONDON, Alnrch 18. (Received Alarch 21). at 'Mo a.in.) Copper :■ Spot, £l)7 11s lid; forward, TPS 18s 1 S cl. Electrolytic, £99 .UK Wire bars. £1)1) PR. Lead: Spot, £2O los; forward, £.",(). Spelter; Spot, £21); forward, £2’J :Js Dd. , Tin: Spot, £22-1 Is dd; forward. £222 2s (3d. Silver; Standard. 2(ild;, line, 28 l-ltid per oz.—-Australian I’rcss Association. AMERICAN WHEAT STOCKS. Pm* Association—By Telegraph—Copyright WASHINGTON, March IS. The country elevator wheat stocks nre announced as T8.411,(ICO bushels, compared with 7d.J2O.UUn a year ago, and Bd.lM2.onr two year' ago. Ihe combined total of the visible supply el farm and reserved conn try elevator stocks is ddl.lSi .('no bushels, against 284.d21.n0U list year. Australian IV. &s Association.METAL MARKET. A RISK IX COPPER. (British Official Wireless.) Press Association-By Telegraph—Copyright. RUGBY. Alarcli 13. A tea lure of the metal market today was n further rise in the price ol copper to £97 ID dd per ton. Tins i> a rise ol IN -’s Ud on the day, and Compares with £75 at the beginning of the vear. 11 is the bighesl_ price since 1920 At one time, in 1.027. the price was down to £52. The continued inf i case of the price of copper since the beo-iiiuing of the year has been based on file steadv development oi the trade domae.d. especially in America and on (lie Continent. The upward movement has f.pvcati ,l'o to lead and spelter. Foreign had tumped Cd R!' per Km which is the 1,|,. best nnee since 192 U. and spcli.ei roE. C2 2s (id to £29 per ton, winch is the best since 1927.