COMMERCIAL

Greymouth Evening Star, 11 August 1928, Page 8

COMMERCIAL

GRAIN AND PRODUCE.

(Press Association.)

CHRISTCHURCH, August 10. The wheat market is depressed. The July threshings indicate fairly plainly that a heavy yield is assured when the total crop has been threshed. Most millers have bought all they want for some time, and their activities are confined to second grade lines, ranging from 5/2 to 5/5 a bushel on trucks. Best milling is not enquired for, and offers of 5/7 on trucks are not meeting with buyers. Oats were the subject of some inquiry to-day, but quotations show no difference from 3/11 to 3/llg f.o.b.s.i. covers quotations., The small seed market shows no difference since last report. Practically everything remains firm. The potato market is somewhat depressed due to the exceptional shipments north, which to date this season from Lyttelton aggregate 222,000 sacks, of which nearly half have gone to Auckland. Auckland is not ordering at present, but there is some inquiry from other North Island ports. The Katoa is sailing to-night, but her cargo is not sufficient to further depress the position, and it is expected that the Kaitoke leaving towards the middle of next week will also be lightly laden. Farmers in the meantime are not offering many tubers, and anything bought is on the basis of £4 15/- a ton. STOCKS AND SHARES. DUNEDIN, August 11. Sales reported: Brewery Debentures 24/-; Commercial Bank 30/2. METAL QUOTATIONS.

LONDON, August 10.

Copper, standard £62 9s 9d and £62 18s lid; electrolytic £6B 15s and £69 15s; wire bars £69 ss; lead £2l 2s 6d and £2l ss; spelter £24 9s 9d and £24 13s 9d; tin £215 7s 6d and £212 12s 6d; silver, standard 27 5-16 d pe|r ounce, fine 29Jd.

HEAVY WHEAT CROP

(Received August 11, 10 a.m.)

CHICAGO, August 10. Wheat quotations are: Sept. 109§ cents, December 114 J, March 1171. The publication of the Government crop report, which estimates that the yield of spring and winter wheat will be 891 million bushels, an increase of twenty millions on the previous estimate, caused early excited selliug at 5| cents., closing at 4 cents lower. WINNIPEG, August 10. Following Chicago, wheat prices broke badly. The final prices were 4 cents lower. BUTTER AND CHEESE Copy of cablegram received by Dalgety & Company, Limited. Greymouth, from their London Office, dated August 10: — Butter —Market firm. Danish 182/- to 184/- (ISO/- to 182/-), N.Z. Finest 182/- to 186/- (ISO/- to 184/-); Australian Finest Unsalted 178/- to 182/-, salted 168/- to 174/- (168/- to 174/-); G.A.Q. 160/- to 164/- (158/- to 162/-).

Cheese —Market firm. / Australian White 109/- (109/- to 110/-).

SALE OF LIVE STOCK.

At McMahon’s yards Larry’s Creek (nine miles from Reefton), on Wednesday, August 15, at 12.30 p.m., McMahon and Lee will sell by auction 25 dairy cows and heifers, 6 store pigs, and 10 pigs (slips). The auctioneers invite further entries.