London, Sept. 10.
The Liverpool wheat market ruled firm on short covering, induced by the International political situation.
London, Sept. 10.
Current events were being portrayed in Lombard Street during the latter part of the past week. The amount of capital that could be loaned suffered a severe depletion, owing to the large scale conversion of sterling balances into gold, as a result of the European political tension.
"Consequently, in the absence of "competition, the Government had to pay an average rate of nearly %ths per cent for the weekly Treasury borrowings.—Reuter.
London Sugar (buyers) Dec. 5/5% +143 Mar, 5/634 unc; May 5/114, Liverpool Wheat: Oct. 4/10% +16; Dec 4/9% 1%; Mar. 4/9% +1.
Liverpool Cotton: American Futures:
Oct. 4.59 +3; Jan, 4.67 +3; Mar. 4.70 +8; May 472 43. Egyptian Futures (Giza, F.G-F, No. 7) Sept. 6.69 Oct. 6.69 +9; Nov. 6.69 +9; Jan, 6.93 London Metals and London Rubber closed.—Reuter, Better Prices in German Bombay Cotton Market Bombay, Sept. 10.
After the finish of last week end's wave of covering, prices in the Bombay cotton market again sagged, despite an easier sterling exchange.
"The outlook for Indian cotton called for little optimism, with the export demand from, Lancashire and the Continent negligible, while what little emanated from Japan had tapered off and, with domestic mills five months supply of raw myers were only interested to cover immediate re-
Agriculture Berlin, Sept. 10.
According to reliable estimates, the total proceeds from agricultural sales for 1937/38 shown an increase of 600,000,000 Reichsmarks on the previous year, bringing the aggregate up to 9,500,000,000 Reichsmarks.
This is mainly due to the increase in production which has, however, entailed a rise in production costs so that although the increase in the total proceeds may not necessarily mean bigger profit, from the national economical point of view the rise in home production of foodstuffs is a satisfactory sign.—Trans-Ocean.
T was favourable, while crop reports were. satisfactory, Reuter Converting Pesos Into
Text read from the printed page and cleaned; old type leaves the occasional error.