LATE COMMERCIAL

Evening Star, Issue 19792, 16 February 1928, Page 9

LATE COMMERCIAL

SYDNEY WOOL SALES. Press Association—By Telegraph—Copyright. SYDKEY, February 16. (Received February 16, at 11.55 a.m.) At the wool sales the market continued strong at the best point of the season, with general competition and good clearances. Cross-breda were in keen demand. Prices are still tending upwards. PRICE OF FLOUR REDUCED. SYDNEY, February 16. (Received February 16, at 11.55 p.m.) The Millers’ Association has reduced the price of flour by 10s to £l2 ss. PRICE OF FINE GOLD. LONDON, February 15. (Received February 16, at noon.) Fine gold is quoted at £4 4s lid per oz. CHICAGO WHEAT QUOTATIONS. NEW YORK, February 15. (Received February 16, at noon.) . Chicago wheat: March, 1301 cents per bushel; May, 130|; July, 1275. AMERICAN BANK RATES. WASHINGTON, February 15. (Received February 16, at noon.) The Federal Reserve Board has announced that the Philadelphia Federal Reserve Bank will raise the rediscount rate from 3! to 4 per cent, on February 16. MELBOURNE, LOAN. LONDON, February 15. (Received February 16, at noon.) The underwriters have shouldered 80 per cent, of the Melbourne and Metropolitan Board of Works loan of £1,000,000, issued at £97, and bearing 5 per cent, interest. SALES ON ’CHANGE: THIS DAY. Auckland.—Waihi, 9s 9d; Auckland Gas. 22s 4d; Bank of New Zealand, 58s 6d. Reported: Thames Theatre, ]Bs; Wilson’s Cement, 3Ss; Howard Smith, Ltd., 38s 9<l.