COMMERCIAL

Greymouth Evening Star, 30 May 1928, Page 9

COMMERCIAL

GRAIN AND PRODUCE.

(Per Presa Association.)

CHRISTCHURCH, May 29

There has been practically no change in the markets since the week-end, and very little business has been done. Potatoes continue to be the line which is attracting most attention, but as so many recently have been sent to Auckland the demand has naturally fallen off (although the Wapiata got away with some 6000 sacks aboard), the position being that the northern port must dispose of what it has on hand before it can take a further big lot. Farmers are not displaying any great eagerness to sell at the moment, and it is reported that there is a shortage in the Timaru district, through overselling, which will no doubt result in buyers having to come to Christchurch to get out of their difficulties, while Dunedin merchants will probably be glad to do likewise. Potatoes are quoted at £5 f.o.b. June delivery, and at £4 15s May. The onion trade is now nearly over, and the quality offering is poor. It is jrobable that Victorian onions will begin to show up before long. For that reason last week from 200 to 250 tons of onions were sent to South America in crates and centals from Lyttelton, and probably another lot will be sent away next month. With regard to wheat, the position is unaltered, although there is rather more offering at present especially of the poorer quality, which is selling at less than is being paid for better quality. No change has taken place in other lines since the week-end. STOCKS AND SHARES. DUNEDIN, May 30. Sale reported: New Zealand Drugs 69/6. AUCKLAND, May 30. Sales: Bank of New Zealand 60/6, South British 61/6, National Bank £7 5/-, War Loan 41, per cent £97 17/6. Reported: New Zealand Insurance 42/3, Huddart Parker 46/10, Colonial Sugar* £6O 15/-. WHEAT QUOTATIONS. LONDON, May 29.

Wheat: Cargoes in sympathy with the decline in exporting countries, dropped Gd to Is, without attracting buyers. Parcels declined 1/- to 1/6. The demand was inactive. Liverpool futures, May 10/8, July 10/10Jd, Octobed’ 11/ogd.