COMMERCIAL

Greymouth Evening Star, 24 January 1931, Page 2

COMMERCIAL

GRAIN AND PRODUCE. [per press association.] CHRISTCHURCH, January 23. The latter half of this week has been one of inactivity in the grain and pro- 1 duce market. In the potato section there has been a total lack of life since the last report. At the end of last week, and at the commencement of this, there was a short-lived rush, and values reached £4 7s 6d a ton, f.o.b.s.i. It was a “weather market.” Now that advance has ceased, and the quotation is £4 5s a ton f.o.b.s.i. for April-May-June delivery. That is the sellers’ quotation, and there are few, if any, buyers at that figure. This makes potatoes worth about £3 2s 6d a ton on trucks. Oats and chaff are unchanged, and business is unusually quiet. •, Wheat has recorded no movement. Any business in “free” wheat is on the basis of 5/5 Io 5/6 a bushel on trucks. Fowl wheat, to-day, is quoted at 5/3, f.o.b.s.e. There is an odd sale of old season’s fowl wheat being made at 5/10 f.o.b.s.e. There is no business passing in small seeds. The position is that farmers’ ideas of values differ materially from those of the merchant, and a deadlock at the moment is the result. BUTTER AND CHEESE. Copy,of cablegram received by Dalgety and Co., Ltd., from their London office, dated January 23: — Butter. —Market quiet. Danish 130/- to 132/-, New Zealand finest 114/to 116/-, Australian finest unsalted 110/- to 114/-, salted 108/- to 112/-; Australian G.A.Q. 102/- to 106/-. Cheese. —Market dull and lower. New Zealand white and coloured 54/to 56/-, Canadian white 72/- to 78/-, coloured 72/- to 76/-. METALS MARKET. LONDON, January 22. Copper: Standard £44 29-32 and £44 27-32; electrolytic £47 and £4B; lead £l3 5-8 and £l3 22-32, spelter £l2 9-16 and £l2 25-32; tin £ll5 3-16 and £ll7 3-16; silver 13 15-16 d and 15 l-16d.