COMMERCIAL

Greymouth Evening Star, 11 June 1932, Page 8

COMMERCIAL

GRAIN AND PRODUCE. [PEP. PRESS ASSOCIATION.] CHRISTCHURCH,, June 10. The potato market has further ad-, vanced since . mid-week, the advance being equivalent to 10/- a ton since Tuesday. This evening, there was a steadying tendency, the Northern enquiry easing to some extent. Prompt deliveries have been sold at £6/5/and occasionally £6/7/6 f.0.b.5.i., the former price being the quotation this evening. Junes have sold at £6/10/and Julys at £7/5/-, though at the moment potatoes for this month are at £7, with a slackening in buying. July-September deliveries firmed only slightly to £7/10/-. The price to farmers this evening is £5/5/-. on. trucks, at medium stations, though it is understood that this figure has been exceeded. The Waimarino, which left early, in the week, took 2000 sacks, from Timaru and Lyttelton. The Wingatui is due to sail next Thursday, but present appearances point to her cargo being small. The real shortage of potatoes is the basic cause of the sudden rise, but merchants and farmers are satisfied that the previous reports of poor crops are confirmed. Farmers are not keen to accept the enhanced prices.

There has been a remarkable leap in the price of onions. The price has been advancing almost at the rate of £1 a day this week, and sales have taken place at £l9 per ton f.0.b.5.i., with reported sales at £2O. The few lucky growers holding onions have received £l7 and £lB a ton. Milling wheat is very scarce, and the reported admission of a limited quantity of Australian milling in view of a probable shortage is l not viewed with disfavour. So far, this has not had any effect on fowl feed values. > Oats are weaker in the South, being quoted at 3/7 for A Gartons. All other sections of the trade are quiet.

STOCKS AND SHARES. AUCKLAND, June 11. Sales: Farmers’ Trading 3/4?.; Auckland City 5« (1957) £95/10/-; Inscribed 5$ (1937) £96/10/-; Auckland Fire Board sixes, (1939)' £lOO/ 109. DUNEDIN, June 11. Sales reported: South British after call 50/74; Huddart Parker 18/9; Daily Times 40/-. BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Co., Ltd., from their London office, dated June 10: Butter. —Low price of Danish has depressed the market for Colonial. Danish (f.0.b.) 82/- to 83/-, New Zealand finest 94/- to 96/-, Australian finest unsalted 94/- to 96/-, salted 94/- to 96/-, G.A.Q. 90/- to. 92/-. Cheese. —Market slow. New Zealand white and coloured 54/- to 55/-, Canadian white 66/- to 72/-, coloured 66/- to 70/-, c.i.f. 52/- to 53/-.