COMMERCIAL

Evening Star, Issue 19617, 25 July 1927, Page 8

COMMERCIAL

GRAIN AND PRODUCE. Messrs Donald Reid - and Company, Limited, report:— Oats. —The market remains stagnant, and little or no sales are passing. Hints of further business with Australia arc frequently mooted by merchants presumably in the know. Something like that will need to happen before the market wakens from the lethargic condition it is in at present. Nominal values are: A grade 2s 7d, B grade 2s 3d, sacks extra, on truck country stations.

Wheat.—Very lew samples are offering The bulk of last harvest has been disposed of. The seed demand will be in full swing within the next week or so, and this should absorb the bulk of the stored lines. Tuscan is worth 6s, sacks extra, on truck country stations. Chaff.—Good bright quality is always saleable, though values never vary to any extent. The market during the week firmed, probably duo to a slackening of consignments, and once the demand is catered for values will no doubt drift back to the same figure as formerly. The prices being obtained, though better than those ruling up north, are still not very encouraging to farmers living a distance from the market. We quote; Prime oaten sheaf, to £5 per ton, ex truck (sacks extra). Potatoes. —Northern merchants are consigning freely and a fair proportion are now being put into store. As consignments arc also reaching the retailer direct, sales ex truck are difficult to effect. £5 5s to £5 IDs (sacks in) is value to-day ex truck.

Messrs Dalgety and Co., Ltd., report as follows —

Oats.—Again during the last week the oat market has been very quiet. Practically no inquiries for any class of oats have been received from the North Island, with the result that local merchants are not operating. Only an odd sample is coming to hand, but so quiet is this market that it is difficult to dispose of these small lines. Nominal values are:—A Gartons, 2s 7d; B Gaxtons, 3d per bushel (on trucks, country stations). Wheat—This market remains very firm at late rates. Millers arc readily taking any lines of Tuscan available at 6s per bushel (on trucks, country Stations). Very few samples, however, are coming to hand. In sympathy with milling wheat, fowl wheat is firm, with supplies on the light side. Any lines of good whole quality can be disposed of at from 6s to 6s 3d per bushed (ex store, sacks extra). Potatoes.—Regular supplies from Canterbury are being received, from which ail local requirements are being fulfilled. No lines whatever are coming to hand from this district, and from now on supplies will have to be drawn from Canterbury. Good tables are today realising from £5 5s to £5 10s per ton (ex truck, sacks in). Chaff.—Very few consignments of prime quality are coming to hand, and at the moment supplies are scarce, local feeders taking any lines of good quality ex truck. With no shipping being done the demand is purely local, and should a large quantity come to hand prices would case. Medium and inferior qualities are difficult to dispose of, although a fair quantity is being taken by local dairymen. We quote: Prime oaten sheaf, £1 15s to £5 per ton (sacks extra).

SALES ON ’CHANGE: THIS DAY,

Auckland.—New Zealand Breweries Debentures, 23s 6d; War Loan, 4£ per cent. (1938), £96 U<s. Reported: Government 5.j per cent. Stock (1936), £lOl 7s 6d. Christchurch.—Sales reported: English, Scottish, and Australian Bank (rights), 30s. On ’Change; Goldsbrough, Mort (rights), 8s 9d (two parcels). The Public Trust Office reports that during the month ended June 30, 1927, the amount paid out in settlement of new loans was £270,065, and that new loans were granted to the amount of £149,108. The now business for 'the month was very satisfactory—the value of the estates accepted for administration being £536,827 Additional new wills deposited for safe custody numbered 455, and .the total now held 'is 54,625.