COMMERCIAL

Greymouth Evening Star, 4 July 1931, Page 11

COMMERCIAL

GRAIN AND PRODUCE.

[per press association.]

CHRISTCHURCH, July 3. The grain and produce market has rarely been so quiet. Potatoes as a rule provide a good deal of activity at this period of the year, but the stagnant state of the market is more pronounced in this product than for years. July-September deliveries and also “prompts” have been offered at 45/-. The Waipiata, which took a cargo of 2100 from Timaru, is due to sail from Lyttelton to-morrow night, with approximately 5000 to 6000 sacks. Prices to farmers are from 27/6 to 30/a ton. The wheat market shows little change. Milling is quoted at 5/5 on trucks, but not much business is doing. Fowl feed is quoted at 5/1 to 5/1S f.0.b., S.I. Oats are inclined to be easier, July delivery for A gartons being 2/9£, f.0.b., Bluff, 3/- Lyttelton. However, little business is being done. Chaff is quoted at up to ,£2 15s a ton. STOCKS AND SHARES. AUCKLAND, July 14. Sales; Grand Junction 3/-; South British 51/6. BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Co., Ltd., from their London office, dated July 3: — Butter. —Market firm. Danish 11C/to 118/-, New Zealand finest 111/- to 114/-, Australian finest unsalted 108/to 112/-, salted 105/- to 108/-, G'.A.Q. 102/- to 104/-. Cheese: Market firm. New Zealand white 54/- to 56/-, coloured 57/- to 59/-; Australian white 52/- to 54/-, coloured, 55/- to 57/-; Canadian white and coloured 70/- to 74/-, c.i.f. 56/- to 57/-. NEW COMPANY. Blackball Creek Coal Co., Ltd., Regd. as a private company June 24, 1931. Office: Harper Street, Blackball. Capital £3OOO into 3000 shares of £1 each. Subscribers: Greymouth—J. W. Hannan 400, T. Learmont 400. Blackball—M. R. Anderson 200; J. L. Davies 200, W. Hampson 200, J. Rarity 200, H. Quinn 200, W. Balderstone 200, N. Smith 100, F. Smith 100, J. S. Kerr 200, F. Young 200, F. Cain 200, S. G. Wright 200. Objects: To acquire coal mines, etc. ,and to carry on business of coal miners and incidental.

REDUCTION OF INTEREST. PROPOSED PUBLIC MOVEMENT The public movement in favour of the reduction of interest rates makes it more important than ever for investors to immediately take up Christ church Drainage Board Debentures on which interest at the rate of £5/10/per cent, per annum is payable free of exchange at any branch of the Bank of New Zealand within the Dominion. Very few of these Debentures now remain to be disposed of, and wise people will, therefore, waste no further time but send their Application Forms which should be addressed to the Christchurch Drainage Board, 198 Hereford Street, Christchurch. Application Forms can be secured from either the Board direct or from any branch of the Bank of New Zealand or any sharebroker. A brokerage of £1 per cent, will be paid to sharebrokers, banks, and solicitors doing business in the Dominion on sales actually completed by them. —1.