LATE COMMERCIAL

Evening Star, Issue 23846, 28 March 1941, Page 4

LATE COMMERCIAL

AMERICAN WOOL MARKETS. NEW YORK, March 27. ... (Received March 28, at noon.) ‘The Journal of Commerce's ’ Boston correspondent states that the buying of domestic spot wool here has slowed down to a minimum. The current lull, in trading fails to alter the strong domestic wool basis. 'Prices, however, have been virtually at a standstill for the past four weeks. The territory group of six grades of wools stands at 93.5 cents, indicating an approximate value of 100.01 cents. Minor changes are slightly upward, but the market is without trend. Grease wool futures were easier yesterday, with many deliveries selling down to a now low mark of 95 cents a pound. DREDGE RETURN. « [Pee United Press Association.] CHRISTCHURCH, March 28. The Austral-New Zealand dredge rein in for 28 clays to midnight of March 22 was S23oz from 185,000yds, in 306 hours. Running time was- restricted owing to water -shortage for the power station. SALES ON ’CHANGE: THIS DAY. Auckland.—Morning call: Bank of New Zealand, 40s 9d ; Westport Coal. 23s 3d; Reid Rubber (£1 paid). 2Ss: Broken Hill (rights). ISs 6d; Farmers’ Trading, 19s 3d; N.Z. Stock (1913-46). £102; N.Z. Stock (1949-52). £lO5. Noon call; -Bank of New Zealand". 14s 9d; Broken Hill (rights). ISs 6d ; 'Reid Rubber (£1 paid). 28s. Christchurch. —Bank of New South Wales, £29; Westport-Stockton (ord.). 2k 7d; New Zealand Farmers’ Co-op.. 1955 stock. £Bl 10s (2): Mount Morgan, 9s 9d. 9s Bd. 9s 7d (2). Reported : Westport Coal, 23s 3d.