COMMERCIAL.

Press, Volume LVI, Issue 16855, 8 June 1920, Page 5

COMMERCIAL.

LONDON WOOL SALES. The Bank of New Zealand hue received the following advice from its London office. "Tho sales have opened with moderate competition, and fair attendance of buyers. Compa.red with tho close of la&t series, prices have fallen 20 per rent, for euperior incrino, 10 to 15 per cent. for inferior merino, aad 10 to 15 per cent, for fine crossbreds, whilst medium wool shows a decline of about 5 per cent. Coarse crossbreds are not represented." [ "WHEAT TRADE REGULATIONS. The Wheat Controller furnished tlio following return for the period ended June 7th: Threshing returns received to date, 3,736,900 bushels. Contracts to purchase good iniihrg, 2.694,712 bushels, fowl wheat 42,208 bushels. Ainounis paid to {aimers through Government brokers, £331,152 5s 7d, representing 2,028,057 bushsLi. IMPORTS FEOH OVERSEA. ' THE EXCHANGE DIFFICULTY. - (PfcESS A3SuCIXTION TELECRJUI./ AUCKLAND Juno 7. Replying to an Auckland importer, the Comptroller of Oust cms- » x ilr V*. K. Montgomery) writes: "It wcu!d appear that the , purchasing ot grods in France, Italy, or othsr countries having depreciated currency, I however much it ruay detrimentally affect \ manufacturers thsre, is Eot to tlie disadvan- ] tag'j of importers from those countries. "It is regretted that instructions which have been issued, with respect to conversion, at current bank rake, of cxchang® on invoices made out. in English currency, for goods imported from France or Italy, aaid their at mintige par rata of exchange-, cannot fce withdrawn." CHRISTCHURCH STOCK EXCHANGE. . YESTERDAY'S TRANSACTIONS. Safe on 'OliL-TiCC: —N.Z. '—1 paid), £2 Bs. " LATEST QUOTATIONS. Buy«r». Sellers. *. <L £ ft. d, DEBENTURES—

2f.i. Govt. 4i per cent. Inscribed, 1338 .. 06 5 0 95 10 0 N.Z. Govt. -I* per ceri. Bonds, 1330 .. — 97 0 0 N.Z. Govt. !J per cent. Bonds, ISCO .. — 95 0 0 BANKS— Australasia (fractions) 16 10 0 17 10 0 Commercial o£ Austra- . lia (4 per cent, cum prcf.) .. .. — 7 5 0 New Zeolaad (Ola), cum div. .. .. 23 13 o — INSURANCE— National .. — i ij 9 LOAN AND AGENCY— Gold*"otigh Mort. (Melb.) 210 s 2s.Z. and Eiver Piato —. 14 0 i •

FROZEN MEAT— 2T.Z. Refrigerating (10a- & < paw) • • • • COAL- . Westport ••• — oJ ! Westport-Stocxtcm .. 1 WOOLLENS— n Wellington .. 9 >■» 0 — GArS —r t A Christchurch .. .. — . Ti'.naru .. ClO 0 MISCELLANEOUS— _ Beath. and Co. (Ok?) .. — Ken.rv Jones Co-op. (Mclb.) .. ..246 — Mason. Siruthera (Mi paid) .. . • 013 3 N.Z. Farmers' Co-op. (£2 paid) .. .. — ;™ " N.Z. Sugar of jtfiik .. — 3 < 5 AUCKLAND. Sale reported:— N.Z. I?efrigerati:i?. o&s. DUNE DIN. Sales oil 'Change:—N.Z. Ivefng'-cratius! (cont.), 23s 9d (two); N.Z. Hardware (ord.), 19s Gd.