The Archive · 1940

Stock Period 1940 1939 Stock N. Pacific

4 mths 30/4 $2/101,851 x $4,046,961 x x—Net loss.

Cotton:—The spread of the war cannot be construed as bullish, but armament and Red Cross appropriations and the frequent reference of inflation possi bilities are stimulating factors. "Cor tracts were scarce on a modera demand.

Wheat:—The growing belief that our surpluses would be called upon for European relief. an unconfirmed rumour of a bullish announcement from Washington, inflation implications, mill and outside buying gave evidence of returning confidence, while the loss of an additional expors market was ignored. The Government estimate >£_728,000,000 bushels was as expected.

Corn:—Followed the action of wheat, but does not display the buoyancy recently im evidence.

Rubber:—The reported withdrawal of war risk from the Mediterranean, fear Eastern complications, the advance freights and that more ships are o be diverted to military use, coupled with the threatening labour situation in Singapore, precipitated general buying and short covering. Further tightening of prices appears. Actual shipments of native and estate rubber from the Netherlands East Indies during the month of April totalled 45.167 tons, compared with 43,136 tons during March.

Hides:—The strength of securities encouraged a broadening of speculative demand. Spots ruled culet.

Sugar No. 4:—Ruled firm, with sellers absent. There were rumours of negotiations with Washington for assistance in connection the sale of a large block of Cubas for Red Cross distribution in Europe.

Text read from the printed page and cleaned; old type leaves the occasional error.

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