FUTURES Holiday blurs market
Trading on the futures market yesterday produced no really clear indications. Mr Geoff McDonnell, futures manager of Mair Astley and Company, said that, with a public holiday today, some people appeared to be squaring their books and it was hard yesterday to get a firm line on the market. On the United States dollar futures market, 51 contracts were traded. The New Zealand dollar opened on a weak note, but ended more strongly. The wool contract picked up, particularly as some people thought that a generally weakening New Zealand dollar could lead to high prices and a possible shortage. PCP business was light yesterday, at 153 contracts. Mr McDonnell said this reflected a nervous and unsure money market.’ Details of yesterday’s trading:sUS CONTRACTS Mth Open H/L Last Vol Feb. 1.9100 9120/8920 8920 47 Mar. 1.9000 9000/9000 9000 4 Contracts traded: 51 Open positions as at February 4: Feb. 282, Mar. 9, Jun. 3, Sep. 2, Dec, nil; total 296 (up 22). COMMERCIAL BILLS
Contracts traded: 153 Open positions at February 4: Feb. 370, Mar. 1130, Apr. 305, Jun. 114, Sep. 72, Dec. 17; total 2008 (up 79). WOOL FUTURES Mth Open H/L Last Vol Mar. 498 500/498 498 17
Contracts traded: 176 Open positions as at February 4: Mar. 179, May 376, Aug. 198, Oct. 221, Dec. 238, Jan. 216, Mar. 309, May 193, Aug. 9; total 1939 (up 4).
Mth Open H/L Last Vol Feb. 7670 670/655 655 8 Mar. 7650 670/650 655 135 Apr. 7740 740/720 725 10
May 515 519/514 514 19 Aug. 529 532/526 528 26 Oct. 530 532/527 527 29 Dec. 530 532/527 528 13 Jan. 533 534/527 531 19 Mar. 538 538/532 534 22 May 541 541/536 540 18 Aug. 553 553/547 547 13
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Press, 6 February 1986, Page 10
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294FUTURES Holiday blurs market Press, 6 February 1986, Page 10
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