COMMERCIAL

Greymouth Evening Star, 27 November 1929, Page 9

COMMERCIAL

WHEAT QUOTATIONS.

(By Cable—Press Assn.—Copyright.) LONDON, November 26. There is an improvement in the price of wheat cargoes. The sellers are influenced by better week-end advices from America, and by the unfavourable Argentine crop reports, and have raised the prices by from 6d to 9d, but there is a total absence of demand. Parcels have moved slowly to similar advances. Futures are: London, November 57/9, December 4'B/1, January 48/7, March 50/2; Liverpool, December 8/9Sd, March 9/5Jd, May 8/71d. METALS MARKET. LONDON, November 25. Metal quotations are: Copper, standard £72' and £7O 15-16; electrolytic £B3 and £B4; wire bars £B4; lead £2l 7-16 and £2IS; spelter £2O 3-8 and £2O 7-8; tin £l9O 3-16 and £I92J, silver 22 11-16 pence and 24 3-8 pence. LONDON WOOL SALES. LONDON, November 26. At the wool sales 10,939 bales were offered of which 4369 were New Zealand. An average selection of greasy merinos, a large supply of scoured merinos and moderate offering of greasy crossbreds. Steady general competition with prices fully - maintained. SYDNEY WOOL SALES. SYDNEY, November 26. At to-day’s wool sales, 10,113 bales were sold. There was good general competition, and a strong inquiry for comebacks and crossbreds showing style. Greasy merinos brought 26Jd. GRAIN AND PRODUCE. CHRISTCHURCH, November 26. There is practicaly no change to record since the week-end market report. There has been quite a fail' inquiry for small lots of Garton oats and A’s have been sold at 3/BJ, and B’s at 3/7S. There are not many about, and the early crops are far from promising. Many well in the ear are very short and “spindly,” and will yield poorly. However, the splendid rain that is falling will rejuvenate the later crops. An improvement will also result to the small seed crops as a result of the rain. Cocksfoot on the Peninsula got a good send off by the winter rains, but the dearth of moisture in the spring has effected them. There is a smaller area closed up, and the yield is likely to be considerably less. The wheat market is very quiet, but some of the uneasiness about next season’s yield has been allayed by the rain. North Canterbury, however, is unlikely to produce anything like last season’s average yield, and the lighter land towards the Rakaia is also certain to be down in the weight of crop. Most ! of the other parts of the province have been receiving useful showers, and the ’ decrease in yield in these parts will ■ not be so pronounced. -Values for all classes of grain and seeds are as reported at the week-end. ; STOCKS AND SHARES. ’ j WELLINGTON, November .27. L Reported Sale; New Zealand Breweries bonds, 28/4'. .. > 'AUCKLAND, November 27. Sales: Renown Collieries, new issue, r 3/-; Mt. Lyell, 42/6; Bank Wales, ; 47/5.