LATE COMMERCIAL

Evening Star, Issue 23324, 21 July 1939, Page 10

LATE COMMERCIAL

WHEAT AND FLOUR. Press Association—By Telegraph—Copyright .. LONDON, July 20. (Received July 21, at 1.5 p.m.) Wheat cargoes are dull and unchanged. Parcels are dull. Futures: London—August, 19s 2d; November, 19s 9jd. Liverpool—July, 3s 53d (a record low level);• October, 3s B|d; December, 3s 10|d. The spot trade is easier. Australian. 20s 3d to 225. Flour is quiet. Australian, ex store, ISs to 19s. Chicago wheat futures: July, 63J cents per bushel; September, 64) ; December, 66. LONDON WOOL SALES. Press Association —By Ten-graph—Copyngbi LONDON, July 20. (Received July 21, at 1.5 p.m.) • At the wool sales 8,206 bales were offered, including 5,411 from New Zealand, and 6,591 were sold. There was a moderate selection, consisting chietly of New Zealand cross-brede. The demand was keen for suitable wools, the Horae trade being the main operators. Values generally were well maintained. Slipes and inferior grades were frequently withdrawn owing to firm limits. New Zealand sales: Greasy half-bred. “ Craigmore Downs,” HJd to lljd. The Bank of New Zeajand has received the following advice from its London office: Demand still continues good for merinos and half-bred in sellers’ favour, but medium and coarse cross-breds are halfpenny to three-far-things lower compared with the opening of the sales. Messrs Murray, Roberts and Co. Ltd. have received the following cablegram from their London agents, dated July 20: Greasy merino in sellers’ favour, scoured merino market irregular, crossbred greasy declined 5 to 7J per cent., slipe cross-bred declined 5 per cent. SALES ON ’CHANGE: THIS DAY. Christchurch.—Bank of New Zealand (odd parcel), 39s 6d; Broken Hill Proprietary, 695; same (cont.), 62s 9d; Austral-N.Z. Mining, 23s 9d. Reported ; British Tobacco, 525. Auckland.—First call: Bank of New Zealand, 39s 6d; National Insurance, 16s 9d; Westport-Stockton, 3s lid. Noon call: Bank of New Zealand, 39s 9d; Stock (1943-46), 4 per cent., £99; Stock (1946-49), 4 per cent., £97 12s 6d (2); Stock (1949-52), 4 per cent., £96. ' Wellington.—Reported : 3J per cent. Stock (1941), £9B 15s; Wilsons Cement, 17s Id. Sales: Bond’s Hosiery, 20s 8d; New Zealand Brow r eries. 37s 6d; Taranaki 0i1,"6s 6d (2); Wooiwortlrs Ltd. (ord.), 245; per cent. Stock (193943), £99 ss.