COMMERCIAL

Greymouth Evening Star, 26 May 1928, Page 8

COMMERCIAL

GRAIN AND PRODUCE

.Per Press Association.) CHRISTCHURCH, May 25. With the May wheat contracts filled, prices have stabilised and values today are more uniform. The market is fairly firm at 6/- to 6/1 f.o.b.si. ; or 5/7-|- to 5/9 on trucks. The offerings during this last couple of days have been much freer, particularly of undergrade wheat, and a fair quantity of this has changed hands at 5/5 to 5/7, according to quality. Fowl wheat is scarcely so firm and is quoted at 5/8 to 5/8-2- f.o.b. for prompt. A Gartons have not maintained last week's position. Holders want to quit their May oats, as most of them are showing a profit, but buyers are not plentiful. Values for prompts are back to to 4/2 a bushel f.o.b.s.i. Lyttelton, and 4/2 for June. For spread Jqne-September, buyers are offering 4/3g and sellers are asking 4/4 Values on trucks are from 3/7 to 3/8. B Gartons f.o.b.s.i. are quoted at 3/1 or 3/4 on trucks. Both Algerian oats and chaff have been very slow to respond to the advance in Gartons, but chaff has improved this | week and is quoted at £3 15/ a ton f.0.b.5.i., or £3 17/6 to £4 on tracks. Consequent on an unexpectedly heavy consignment of 7500 sacks by the iWaikouaiti for Auckland the other day, the prompts market is inclined to be easier. The Waipiata is booked tomorrow with a small lot, and the Katoa the first day or so in June. The Waikouaiti’s consignment will arrive on a bare market. A fair number- of inquiries have been received from the North for June potatoes. These have been sold at £5 5/- f.ob.s.i. for whites and £5 7/6 for Dakota prompts and for June 5 12/6. A new interest has been created in the potato market by the report that a shipment of about 300 tons has been sold to South America. A year or two back potatoes were shipped to this quarter. Onions have steadied up, but up to £5 15/- a ton is available on trucks. Peas are scarcely so firm, the home inquiry slackening off. The f.o.b.s.i. price is 6/9, or 5/10 to 6/- on trucks. Quite a good demand for white clover has set in, which is quoted at 130/- per cwt for dressed seed. Values to farmers range from 9d to per lb. A fair amount of cowgrass is being offered, but the quality is mediocre. From 7d to 9d alb covers quotations to farmers. Perennial ryegrass is also inquired for, and for 27-281 b seed 5/- to 5/3 a bushel is available.

STOCKS AND SHARES. DUNEDIN, May 26. Sales reported: Bank New Zealand 60/3; National of Australasia £9/4/. On ’Change 33/7. N.Z. APPLE EXPORTS. LONDON, May 25. The Argyllshire’s New Zealand apples brought, Dunn’s Delicious 11/ and 12/, Lord Woseleys 10/6 and 11/, Jonathans 10/G and 12/. An interesting development is the exportation from London this week of 6558 boxes of New Zealand apples to Brazil. It' is understood that the Union Cold Storage Coy., purchased them at current market prices and shipped four thousand to Santoa and 256 to Rio de Janiero, by the Blue Star liner, Avila. Before the Panama Canal opened, direct shipments used to be made to South America from New Zealand. The apples always realised excellent prices. If the present shipment is equally successful, others, may follow, as the meat carriers returning to Argentina offer an abundance of refrigerated space. Traders here would welcome further exports to South America, as it would relieve lhe congestion in England. BUTTER AND CHEESE. Copy of cablegram received by Daigety and Co., Ltd., from their London office, dated May 25 : — Butter. —Market steady but quiet. Danish 172/- to 176/- (178/- to 180/-); New Zealand finest 166/- to 170/- (166/to 170/-). Australian finest unsalted 158/- to 162/- (156/- to 160'-) ; salted 156'- to 160/- (156/- to 160/-) ; G.A.Q. 150/- to 152/- (150/- to 152/-). Cheese. —Market quiet. New Zealand white and coloured 96/- to 97/(95/- to 96/-); Australian white and coloured 93/ to 95/- (93/- to 94/-) ; Canadian, white 110/- to 114,'- (110/- to 116/-. Canadian coloured 108/- to 112/' (110- to 116/-). LIVE STOCK SALE. On Friday, June 1, at 1 p.m. sharp, at Hari Hari saleyards, Dalgety and

Co. will submit to public competition, 40 fat and forward young bullocks, 80 prime ewes, heifers and steers, and GO good wethers and lambs. CHCH. STOCK EXCHANGE QUOTATIONS. ——

DEBENTURES— Buyers. Sellers. 4i p.c. Inscr., 1938 4j p.c. Inscr., 1939 £ a. d. £ s. d. 97 12 6 98 0 0 97 7 6 97 10 0 4J p.c. Bonds 97 7 6 97 10 0 5 p.c., 1927 99 0 0 99 5- 0 5J p.c. Inscr. 1927-41 98 2 6 98 10 0 5J p.c. Inscr., 1928 100 5 0 100 10 0 5J p.c. Bonds, 1933 100 2 6 100 10 0 5J p.c. Bbnds, 1936 100 5 0 100 10 0 5J p.c. Bonds, 1933 100 5 0 10U ,1. 53 p.c. Chch. Gas, 1934 100 10 0 6? p.c. Chch. Hospital 99 0 0 99 10 7% p.c. Gisborne Sheepfarmers 1931 85 0 0 89 0 0 N.Z. Breweries BANKS— 1 3 6 14 0 Adelaide 9 10 0 9 11 6 Aus. Bank of Commerce 1 16 0 1 16 6 Australasia 14 9 0 14 10 0 Comm, of Australia ... 19 4 19 6 do. (pref.) 7 4 0 7 6 0 Comm, of Sydney 27 0 0 27 2 6 E.S. and A. 8 « 6 8 8 9 National of Australasia .18 7 6 18 9 0 New South Wales 48 2 648 5 0 New Zealand 3 0 0 3 0 3 Union of Australia 14 16 0 14 18 0 Western Australia 2 19 3 3 0 0 Bank N.Z. Mortgage ... ]6 9 do. (fully paid) ... 17 0 1 7 6 National of N.Z. INSURANCE— 7 3 0 7 3 6 National of N.Z 15 7 15 9 New Zealand 2 19 2 2 0 South British 2 19 9 3 0 0 Standard 3 3 6 3 5 0 Queensland LOAN AND AGENCY— 3 2 9 3 3 0 Dalgety and Co 14 2 6 14 4 6 National Mortgage 3 14 0 4 5 0 Goldsborough Mort. ... 2 11 0 2 11 3 N.Z. Loan and M. Co. SHIPPING— 102 0 0 110 0 0 Howard Smith 18 7 18 9 Huddart Parker 2 7 0 2 8 0 Union 51 p.c. Cum Pref. 10 1 P. and 0. Stock 245 0 0 250 0 0 New Zealand FROZEN MEAT— 9 12 6 10 10 0 Canterbury 9 0 0 9 5 0 N.Z. Refrigerating 8 3 8 4 do. 20s paid 18 0 18 3 WOOLLENS— Kaiapoi (pref.) 8 11 9 6 Mosgiel 6 17 6 7 0 0 Wellington COAL— 6 6 0 6 10 0 Westport 1 10 0 1 11 0 Westport-Stockton GAS— 2 11 3 4 Christchurch 1 3 11 14 1 Tirnaru 12 3 12 5 Auckland ■ t 2 9 1 3 3 Wellington 17 2 17 6 Auckland BREWERIES— 1 2 7 1 o Crown — 13 0 Manning 19 9 1 0 New Zealand 2 2 3 2 2 9 Ward — 1 14 0 Staples 1 16 6 1 17 0 Monteith 1 2 0 1 2 6 Tooths ... OEMENTS2 3 3 2 3 9 Wi Ison’s 1 18 2 1 19 0 TIMBER— Kauri MISCELLANEOUS— I 2 6 1 3 3 Beath and Co 1 13 0 1 13 5 British Tobacco 2 3 1 2 3 6 Burns, Philp Colonial Sugar 2 1 0 2 2 6 60 0 0 61 0 0 Dunlop Rubber 1 5 0 1 7 0 Elect. Zinc Pref 1 12 5 1 12 11 Holdens 1 10 9 1 11 3 N.Z. Drug Co 3 9 0 3 10 fl N.Z. Farmers’ Co-op. ... 77 0 0 79 0 0 N.Z. Sugar of Milk 17 6 19 3 Whiteombe and Tombs 3 11 0 3 12 0 Dom. Home Bldgs. 1 6 6 0 D.I.C. (pref.) 1 3 0 1 3 6 D.f.C. (ord.) 39 3 1 0 0 N.Z. Guarantee Corp. ... Quill Morris 8 6 8 8 1 0 0 1 1 0 Crystal Palace 18 0 Auckland Amusement 36 0 17 <> Victoria Nyanza MINING— 2 5 0 2 6 3 Mt. Lyell 1 12 6 1 12 9 Waihi Blackwater ... . ... 11 6 12 0 5 t Alexanders (fully paid) Ohinemuri 7 0 15 0 7 2