COMMERCIAL

Greymouth Evening Star, 18 June 1930, Page 8

COMMERCIAL

GRAIN AND PRODUCE

[pee press association.]

CHRISTCHURCH, June 17. Values for oats are weaker and although there are quite a quantity ot Southern oats offering, buyers are few and the market is very quiet. A Gartons for June delivery may be obtain cd at 3/lt> f-o-b. 5.1., and spread delivery are offering at 4/-, with no buyers. B’s have fallen in value to •’< corresponding extent. Chaff has also eased slightly m sympathy with oats and to-day’s quotation is £7/2/6 for June_ delivery. That is equivalent to £5/10/- to £5/12/6 on trucks. Chaff, for July-August-September delivery, is worth a little in excess of the value quoted above. , The interest in the wheat market as far as the “free” supply is concerned has practically concluded, and the pool is the chief holder. There is very little business passing in next season’s wheat, but some has taken place on the basis of 5/6 for Tuscan. 5/8 for Hunters and to 5/11 for Pearl. There is little enquiry for fowl wheat which remains firm at 6/1 a bushel f.o.b. S.T. r Actually, the price of potatoes for prompt delivery shows an easing tendency, but there is very little quotable change in values. The position really is false, as the firming which has taken place during the last! week has been confined to Cashel Street. The Auckland market, to all intents and purposes, is over-supplied, and extremely weak. Certainly if Auckland could be cleared, the position would assume stability, but there does not seem any likelihood of this, with supplies still much in excess of the demand, at present. There are not many tubers offering for prompt delivery, and such are worth £3/15/a ton on trucks, while for the end of June up to £4 a ton has been paid. July’s are quoted at £5/7/6 a ton, and July-August-September’s at £5/17/6 a ton with practically no buyers in each case. The onion market continues very weak with few offering and very little business passing. The quotations to-day range either just above or just below £3 a ton on trucks,- according to quality.

STOCKS AND SHARES. WELLINGTON, June 18. Reported sales: New Zealand Guarantee Corp. ord. 7/11; Stapes and Co. £2/7/6; British Tobacco, Aust, ord. £2/0/9. AUCKLAND, June IS. Sales: Commercial Bank 22/1; Mt Lyell 27/-; British Tobacco 40/-. Reported: Hayward’s Pictures 13/ ; South British 60/-; Huddart Parker, pref. 19/9; Electrolytic Zinc Tamaki Loan, six per cent. 1962, £lO2/10/-. DUNEDIN, June 18. Three sales: Okarito reported 8/9. CANADIAN WHEAT. OTTAWA, June 17. A message from Winnipeg states that wheat gained almost four cents, to-day, as the result of the decrease in rains and better export business. July close at 103 3-5 cents., October 106 7-8, December 108 3-8.