LATE COMMERCIAL

Southland Times, Issue 18973, 21 June 1923, Page 5

LATE COMMERCIAL

WHEAT MARKETS. (By Telegrenh—Press Assn.—Copyright). (Australian and N.Z. Cable Association.) LONDON, June 19. (Received June 20, 9.30 p.m.) Wheat cargoes are weaker in view of the sharp decline in America, but buyers are uttle interested. The price is threepence to sixpence lower. Parcels were in fair request at a similar decline, but closed steadier. CRISIS DISCUSSED IN AMERICA. NEW YORK, June 19. At Chicago a conference called by the States is discussing what is declared to be a commercial crisis in the grain growing industry. Five hundred representatives of farmers, bankers and industrialists are participating. Speakers declared that farmers are facing the greatest price slump in fifty years, with a surplus of one hundred and seventy million bushels on hand and another harvest almost begun. STOCK EXCHANGE. (Per United Press Association). WELLINGTON, June 20. Sales—lnscribed stoc. 1939 £97, Bank of New Zealand £3 1/9. Sales reported: Bank of New Zealand £3 1/9; New Zealand Loan and Mercantile ordinary £BO (two parcels) ; Crown Brewery £2 16/6, Ward and Co., £2 6/-. CHRISTCHURCH, June 20. Sales reported: New Zealand Insurance 29/11; Goldsbrough Mort (cum div) 49/-; New Zealand and River Plate (cum div) 22/6 to 22/9; Crown Brewery 56/6 (three parcels); Manning’s Brewery £6 12/6; Ward’s Brewery 45/3 to 46/-; National Bank £6 18/6 (three parcels). Sales on Change: Goldsbrough Mort (cum div) 49/-; Ward’s Brewery 46/- to 45/9.