COMMERCIAL

Greymouth Evening Star, 12 January 1929, Page 8

COMMERCIAL

CHAIN AND PRODUCE.

(Per. Press Association.)

CHRISTCHURCH, January 11.

There is very little movement in the grain and produce trade. Some business has been done in forward oats I and peas, but other lines are practically lifeless. The little interest shown in fowl wheat during the early part of the week not been maintained. though there is no change in to 5/9 f.o.b- sacks extra, is Quoted for April-June. A Garton oats have been sold at for April-September delivery. However, buyers are few. Some purchases from farmers have been made at 3/ on trucks. A slight demand has set in for bright oatsheaf chaff and £3/17/6 a ton on trucks has been paid. The damage done to the pea crops by the rains is stimulating a little interest, and there is also a little inquiry from Home. Quotations are 6/3 f.o.b.s.i. With the exception of an inquiry from the North Island this week’ for coav grass, there has been nothing doing in the seed market. The cutting of ryegrass and cocksfoot has 1 commenced on the Plains.

The potato market shows no change in the f.o.b.s.i. price of £5 a ton for April-May deliveries. Growers are asking £4 on trucks or the equivalent of £5 5/ f-o.b.s.i. Onions are a shade firmer, and March-April are quoted at £5/10/ to £5 15/ on trucks. February delivery is worth £7/10/ to £7/15/. SHARES APPRECIATED. AUCKLAND, January 12. Publication yesterday of the banking returns for the closing quarter of 1928 and the emphasis laid upon the excess of fixed deposits, and the sure evidence of improved economic conditions, had a distinct effect upon business in the Auckland Stock Exchange. There was a much keener demand for all descriptions of the fetter class shares, the values of which have been firm at very high levels for months past. Yesterday the shares of at least one company touched a new high record in sales. Insurances and banking shares were really active. Current to the advanced rates, nearly all sections on the Stock Exchange list benefited. STOCKS AND SHARES. AUCKLAND, January 12. Sales: Bank of New Zealand 62/, New Zealand Breweries 58/6. WELLINGTON, January 12.

Sales reported: 45 per cent. Government Loan, 1938, £l9/10/-; Commercial Bank of Australia’£l/11/-.

HIDES MARKET.

MELBOURNE, January 10.

Hides, stout and heavies, unchanged ; others a farthing to halfpenny lower.

AUSTRALIAN QUOTATIONS.

SYDNEY, January 10. Wheat: Country stations 3/llg, extrucks Sydney 4/6£ ; flour £ll, pollard, bran £6 5/, potatoes, Tasmanian old £23, £25, local £23, Victorian £25; onions, Victorian Globe £l3; oats SYDNEY, January 11The New South Wales Flour Millers’ Association to-day raised the price of bran and pollard by 15/ to £7 per ton. ADELAIDE, January 10. Wheat: Growers’ lots about 4/6; flour, bakers’ lots £ll/2/6, bran £5 12/6, pollard £6, oats 2/6, 2/7. BUTTER AND CHEESE Copy of cablegram by Dalgety and Company, Limited, from their London Office, dated January 11:— Butter—Market firm. Danish 195/- to 19/-; N.Z. Finest 184/- to 186/-; Australian Finest Unsalted 184/- to 188/-, Salted 182/- to 185/- G.A.Q. 17G/- to 180/-. Cheese—Market steadier. Australian White 90/- to 92/-; coloured 94/- to 95/-; N.Z. White, 94/-; N.Z. Coloured 95/- to 97/-; Canadian White and Coloured 108/- to 110/-. SAWMILLERS’ CO-OPERATION. A sawmillers’ co-operative marketingcompany, under the style of GreyHokitika Sawmillers’ Co-operative Company Ltd., was registered at Hokitika on December 22. Its aim is to ipiprove the conditions of the industry by securing more efficient methods of distribution. Substantial savings can bo effected in railway freights alone under co-operation, which will replace the present wasteful practice of hauling timber unnecessarily in opposite directions. A fully attended meeting of sawmillers was held yesterday, when the proposed details of working were carefully examined and approved.