COMMERCIAL

Greymouth Evening Star, 9 August 1930, Page 8

COMMERCIAL

GRAIN AND PRODUCE.

[PER PRESS ASSOCIATION.]

CHRISTCHURCH, August S.

The feature of tjie grain and produce market during the past few days has been the sharp decline in potato values, which are lower now than at any other corresponding period, for some years. Potatoes wel'e fairly firm early this week at £5/2/6 f.o.b.s.i. for for August-September delivery. The quotation to-day is £4/12/6 and for prompt. £4/10/- to £4/12/6. . The cause of the sudden drop in prices is that weak holders are quitting. The Waipiata took 3264 sacks from.Lyttelton for Auckland yesterday. There are a few inquiries coming to hand from outside ports. Auckland merchants report that they are obtaining all their requirements in regular weekly instalments, and there arc no indications. of. values in the northern city rising. The oats market is fairly quiet. A Gartons are quoted at 3/9 to 3/10 f.o.b.s.i. and B Gartons at 3/8 to 3/9. Local B Gartons are still worth 4/and A’s 4/1. Chaff for prompt delivery has been sold at £7 and £7/2/6 f.0.b.5.i., equivalent to £5/7/6 to £5/10/- a. ton on trucks.

The few lines of ophwns which are still offering can command up to £4 a ton, according to 'quality. There is still a little business being done in next season’s wheat at 5/5 to 5/6 on trucks for Tuscan, according to stations.

Fowlwheat is a little firmer, and is quoted at 6/1 to 6/2 f.o.b.s.e.

STOCKS AND SHARES

AUCKLAND, August 9. Commercial Bank (late sale) reported £1 0/3. DUNEDIN. August 9. Sales: New Zealand Breweries 51/3.