LATE COMMERCIAL

Evening Star, Issue 19664, 17 September 1927, Page 9

LATE COMMERCIAL

CHICAGO WHEAT QUOTATIONS. Press Association —By Telegraph —Copyright. NEW YORK, September IG. (Received September 17, at 11.25 a.in.) Chicago wheat; September, 1271 cents per bushel; December, 130]; March, 1333. RATE OE EXCHANGE ON NEW YORK. NEW JUG II REVEL. NEW YORK, September 10. (Received September 17, at 11.25 a.m.) The sterling exchange has readied 4.86), a new high level for the year, duo to the bankers’ demand, coupled with the shortage of spot sterling. BRITISH CONVERSION LOAN. LONDON, September 16. (Received September 17, at 11.25 a.m.) The Government’s conversion proposals apply to about .£209,000,000 war loans, and if all arc converted will increase the conversion loan by about £285,000,000, bringing the tola I thereof to over £1,000,000,000. LONDON WOOL SALES, LONDON, September 16. (Received September 17, at 12.15 p.m.) At the wool sales there was good general competition, and the opening rates wore maintained. There was an overage selection of merinos and a moderate selection of greasy crossbreds, ami slipcs. Now Zealand sales: “ Dayfleld ” (top price) 25d, a mage 22d. Ran'dco, 4Jd and 40d. Messrs Murray, Roberts, and Co., Did., are to-day in receipt oi a cable from their London agents, dated the 16th. inst, reading as under;—“Market find, with upward tendency in all grades.” DAIRY PRODUCE PRICES. [Per United Press Association.] WELLINGTON, September. 17. Advices from London dated yesterday give the following details of dairy produce. Prices for butter on a steady market;. —Now Zealand, 178 s to 182 s; unsalted, 184 s to 1886; Australian, 174 s to 178 s; Argentine, 176 s to 178 s; Irish, 176 s to 180 s: Danish, 192 s to 1945: Eethonian, 176 s to 178 s; Latvian, 17As to 1765. The cheese market i.s quiet, but firm. New Zealand white and colored, 995; Canadian, 102« to 101 s. SALES ON ’CHANGE: THIS DAY. Christchurch. —Reported: National Bank of Australasia (£lO paid), £l7 Is; Commercial Bank of Australia, 28s Id and2Bs 2d; New Zealand Refrigerating (cout.), 6s 8d; Christchurch Gas, 7d; Beath and Co. (cum div.), 34s (two parcels). Sales: Commercial Bank of Australia, 28s Id; Bank of New South Wales, £42 17s 6d; Goldsbrough, Mort, 44s 6d; New Zealand Refrigerating (cent.), 6s 7d; Christchurch Gas (rights), 7d.