COMMERCIAL

Hokitika Guardian, 12 November 1931, Page 5

COMMERCIAL

WOOL PRICES. , STILL HIGHER AT SYDNEY. (Australian Press Association.) SYDNEY, November 11. There was another record day at the wool sales to day, when 21|d was paid for greapy merino. Very strong general competition ruled for merino crossbreds, 'and excellent clearances made. There were 11,831 bales offered and 10,822 were sold, as also were 1,881 disposed ofprivately]/ ,

U.S.A. GRAIN PRODUCTION. "XX' X " WASHINGTON, November 10. The U.S.A. Department of Agriculture has estimated the 1931 "production of all wheat at 884 millions of bushels, and that of maize at 2,674 million bushels. LONDON STOCK EXCHANGE. DECLINE IN VALUES. EXCEPT AUSTRALIAN BONDS. ’ LONDON, November 10. “The Times” city editor says:— “There is renewed anxiety regarding Germany, which has. caused an easier ‘tendency in the Stock Markets. "Mr MacDonald at the Guildhall made tho feuggcstion that we might bo about to enter the fringe of the storm area. This has chocked the recent buying movement, German bends' have .dropped ifchree to four points.,” ! f ri ‘oOh. the i other hand; ” • “The Times*.' .says: “Australian bonds have made further progress.” It adds: “An investigation of the Germain financial " position may be necessary, sooner or later; but there is no reason to suppose that Germany is likely to make a default on either the Dawes Plan dr the Young Plan.