COMMERCIAL.
LONDON SHARE MARKET. By Tolegrnph—Press Assn—Copyright. Received May 9, 5.5 p.m. London, Ma; 7. Wallii shares, 37s 6d, 40s. Junction shares, 9s. P. and O. shares, £470 to £490. The decline in silver is due mainly to Continental selling. LONDON WOOL SALES. Received May 9, 5.5 pm. London, May T, The wool sales closed quietly. New Zealand Surrey Hills 58% d; 156,110 bales were catalogued, and about 2800 withdrawn. Btst shafty merinos met with a good demand from the United States and some maintained full March values. Medium ond faulty combings declined ten to fifteen per cent. Short carbonising stores met with a fair Continental demand, but declined five per cent., but cume back crossbreds show little change. Shabbier and faultier pnrcels declined five to ten per cent. Medium and coarse crossbreds declined- ten per cent. Scoureds and sllpes declined by the same amount. Merino lambs were unchanged. Crossbreds declined five per cent. The principal cause of the decline has been the curtailment of credit by banks, and the rise in the bank rate, also the disturbing effect of the Budget, which combined to check many would be operators.
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Taranaki Daily News, 10 May 1920, Page 2
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190COMMERCIAL. Taranaki Daily News, 10 May 1920, Page 2
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