COMMERCIAL

Greymouth Evening Star, 11 May 1929, Page 8

COMMERCIAL

GRAIN AND PRODUCE.

(Per Press Association.) CHRISTCHURCH, May 10. Trade has continued to be quiet in produce. If, however, the Australian embargo on New Zealand potatoes should be lifted*, a more healthy tone should be introduced. At present there is not much trade doing in this line. The Wingatui, which sailed earlier in the week for Auckland, took some 1600 sacks from Lyttelton, having on board another 350 sacks which were shipped at Timaru. The previous boat sailed about a week ago, and the next one is expected to get away about Wednesday dr Thursday. It is stated that Auckland’s consumption is between 6000 and 7000 sacks weekly, according to the price of potatoes, so that it will be necessary for the Northern centre to draw on their own local potatoes, meanwhile to the extent of some 4000 sacks.

Very little wheat is changing hands at present. What llias been sold has shown an easier tendency, Tuscan being quoted at 5/7 to 5/8 per bushel and Hunter at 5/9 to 5/10 on trucks at country stations.

Chaff is quoted at £5/10/- f.0.b.5.i., which is equal to £3/10/- to farmers on trucks at country stations.

Algerian oats machine dressed and clipped are quoted at from 3/9 to 3/10 per bushel. Partridge peas are not wanted, the figures for them being 5/7 f.o.b.s.i. for No. 1 quality. The autumn trade in seeds is finished, and a quiet time is expected until July or August, when the Spring sowing should result in a revival of business.