COMMERCIAL.

Taranaki Daily News, 15 December 1924, Page 7

COMMERCIAL.

LONDON WOOL SALE9U PRiCES HARDENING. By Telegraph—Preaa Ann. —Copyright. Received Dec. 14, 5.5 p.m. < . London, Dec. 13. The wool sales closed quietly, many buyers, especially those from the Continent, having left owing to the fog postponements. Merinos steadily hardened till the last few days, when faulties and inferiors declined about 5 per cent, from the opening rates, thus closing ac 'about par with October. Good wools and all scoureds were generally 5 per cent, above the October rates. All grades (If -crosabrods met fully sustained competition with hardening prices. Fine grades, which have been in very limited supply, closed 10 per cent, above the October rate. Medium and lower grades showed an advance «»f -0 to 25 per cent., and alipes and scoureds were generally from 10 to.- 15 per vent, higher

BANK RATE IN HOLLAND. . , Received . Dec.. 14,. 5.5 p.m. Amsterdam, Dec. 13. The bank rate has been reduced to -1J per cent. CHICAGO WHEAT QUOTATIONS. Received Dec. 14, 5.5 p.m. New York, De?. 12. Chicago wheat quotations are:—Deceauwr, 16’3 1-4 cents a bushel; May, 148 1-8 cents; July, 148 1-8 cents. N.S.W. TREASURY BILLS. Received Dec. 14, 5.5 p.m.. • London, Dec. 13. New South Wales has placed £3,000 OrtJ worth tif three months treasury bills at 3,% per centum for payment on December 18. LONDON WHEAT MARKET. Received Dec. 14, 5.5 p.m. London, Dec. I‘. - . Cargoes are dull and unchanged. Parcels closed at a decline o'f quite 6d to 9d. L'.vc-x--pool futures are. quoted as follow: —Deed nbor, not quoted; March, 12s 11 l-4d; May, , 12s