COMMERCIAL

Greymouth Evening Star, 14 June 1930, Page 8

COMMERCIAL

GRAIN AND PRODUCE

[PER PRESS ASSOCIATION.]

CHRISTCHURCH. June 13

Values for oats are distinctly weaker and, although there are plenty offering buyers are few and the market very quiet. A Gartons, for prompt delivery, may be secured at 3/10 to| 3/101, and B.’s at 3/9 to 3/91. Chaff remains fairly firm, and the quotation for prompt delivery is £7 a ton f.0.b.5.i., equivalent to £5/10/- on trucks. Chaff for June delivery is £7 5/- f.0.b.5.i., and that for July-August-September delivery is worth a little more than that figure. Practically, all the free wheat has been absorbed except for a few odd lots, and the pool is the chief holder. Some business continues in next season’s crop on the basis of 5/6 for Tuscan, 5/8 for Hpunters and to 5/11 for Pearl. . Fowl wheat is fairly scarce, and with the demand still quite good the price remains firm at 6/- f.o.b.s.i.

During the last few days the potato, market has firmed, and to-day for the prompt delivery, tubers are worth £3 15/- a ton on trucks, and for the end of June delivery as high as £4 has been paid. There are not many prompts offering. For July delivery they are quoted at £5/7/6, and for July-August-September sales have been made at £5/15/-, but these-sel-lers have disappeared and £5/17/6 is being asked. A lot of potatoes were sold forward for June delivery, and it would appear that crops have not turned out as good as was expected, with the consequence that buyers, finding supplies short, have been forced on to the market. The Wingatui left to-day for Auckland, carrying 6000 sacks, 5000 from Lyttelton and 1000 from Timaru.

The onion market shows very little change. The quotation to-day is £2 15/- to £3 a ton on trucks for good lines.

STOCKS AND SHARES. AUCKLAND, June 14. Sales reported: National Bank £6 10/-, Union Bank £22/1/-, Loan and Mercantile £95, Colonial Sugar £42 10/-, Bank of New South Wales £4O 2/6. DUNEDIN, June 14. Sale reported: Union Bank £l2 1/6. BUTTER AND CHEESE. Copy of a cablegram received by Dalgety and Company, Limited, from their London Office, dated June 13: — Butter. —Market firm. Danish, 134/to 136/-; N.Z. finest, 130/- to 132/-; Australian finest unsalted,, 126/- to 128/-; Australian finest salted, 126/- to 128/-; Australian G.A.Q., 120/- to 124/-. Cheese. —Markets steady at present prices. N.Z. white, 77/- to 78/-; N.Z. coloured, 83/- to 84/-; Canadian white, 94/- to 104/-; Canadian c?,loured, 94/to 104/-; Canadian C.1.F., 78/- to 80/-.

RABBITSKIN SALE.

Messrs Dalgety and Co. (Dunedin) report;—Offerings were again small at Tuesday’s salet> At last week’s sale in London a further drop of 20 per cent, took place and only about 30 per cent of the offering was sold, besides which a very considerable quantity was not offered. Reports to hand from all fur countries are very depressing and it was anticipated that a severe drop would take place at our sale. Buyers were inclined to make capital out of the very low prices at which skins were sold in Wellington last week, but fortunately there were several orders in the market on American account and prices did not slump to the extent anticipated. On most grades there was a drop of 3d to 4d per lb. and on occasional lots, chiefly racks and spotted early winters, up to 5d drop was registered. Best winter bucks sold surprisingly Well at from 70d to 73d, and does from 55d to 60d. Second and spotted winters are not in much demand and comparatively low prices were bid on these grades. Seconds are worth about 40d and spotted sorts from 22nd to 30d. While such large stocks are held in London and trade in all countries is so depressed, we do not see any prospect of improvement in prices in sight and we consider trappers may just as well meet the market as hold on to their skins. The following is the range of prices: Runners and suckers up to 13;]d, summers 12|d, light racks 20Sd, prime racks 18Jcl, dawny autumns 22d, early autumns 29d, late autumns 42d, incoming winters 51§d, early winters 48d, winter bucks 391 d, Ist winter bucks 70Jd, prime winter bucks 73d, winter does 39§d, Ist winter does up to 57Jd, prime winter does 72d, spotted winters, Ist Slid, spotted winters, 2nd 22d, autumn broken 21d, incoming broken 22Jd, winter broken 23d, autumn black 22d, incoming black 30, milky lljjd, Hareskins 9d, horsehair 16d.