COMMERCIAL

Greymouth Evening Star, 12 October 1929, Page 7

COMMERCIAL

GRAIN AND PRODUCE. (Per Press Association.) CHRISTCHURCH, October 11. The potato market has lost some of the brightness possessed earlier in the w’eek. On Wednesday sales of October deliveries were made at £ll 5/, but to-day buyers are not accepting offers of £ll. However, it is the prompt market that has met with the principal check, dropping back to £9 a ton f.o.b.s.i. They were ruling at £lO on Wednesday. The Waipiata is expected to sail from Lyttelton on Monday or Tuesday, and she will be followed by the Waipahi probably on Wednesday. It is expected that the two boats will take about 6000 sacxs from both ports for Auckland. The wheat market is unaltered. Seeds are in small demand, and there is very little in farmers’ hands. Perennial ryegrass is worth up to 7/ per bushel ib.b.s.i., Italian to 6/1, cocksfoot 13d to a lb for machine dressed, and cowgrass 80/ per cwt. The quality of cowgrass this season is very indifferent, and. merchants are not prepared to quote more than 4J,d per lb to farmers. European seed is being offered at a very low rate. Dogstail is quoted at 7d to per lb. The Irish crop is heavy, and there is no export outlet. Fescue is quoted at per lb. STOCKS AND SHARES. AUCKLAND, October 12. Sales : Auckland Gas 24/9, Commercial Bank 28/9, N.Z. Breweries deb. 29/, Bank of New South Wales £49 5/, N.Z. Insurance 46/3, Colonial Sugar £54/5/, Refrig. Con. 6/. STERLING ABOVE PAR. NEW YORK, October 11. The return of English funds from th© money market now that cheap money is ruling here, and possibly the sentimental effect of Mi - MacDonald’s visit were all factors in putting sterling above par for the first time since July, 1928. HOMELAND TRADE. LONDON, October 11. The Board of Trade returns show that imports increased by £10,690,000. Exports decreased by £1,515,000, reexports decreased by £119.000. The principal increases were: Imports— Grain flour £2,620,000, non-dutiable food and drink £922,000, wood and timber £1,446,000, rubbers £1,153,000. Exports—Coal £1,148,000. Decreases: Exports—Cotton yarns and manufactures £1,642,000; vehicles £1,352,000; lead imports £25,127,000; exports £2,355,000. BUTTER AND CHEESE Copy of cablegram received by Dalgety & Company, Limited, from their London Office dated October 11:— Butter —Market quiet. Danish 194/to 196/-. N.Z. finest 178/- t'o 183/Australian Finest Unsalted 186/- to 190/-; salted 174/- to 178/-; G.A.Q. 170/to 172/-. Cheese —Market slow. N.Z. White, 94/- to 95/-; N.Z. coloured 93/- to 94/-; Canadian white and coloured 95/- to 97/-; C.1.F., 95/- to 97/-.