COMMERCIAL

Greymouth Evening Star, 13 August 1932, Page 2

COMMERCIAL

GRAIN AND PRODUCE.

[PER PRESS ASSOCIATION.]

CHRISTCHURCH, August 12. With more or less holiday foiling in the air, this week’s produce market has not been invested with much life. There is a better tone about the potato market, although so far this has not been reflected in much increase m demand. The heavy consignment which arrived in Auckland by the Waipiata early iii the week has further delayed inquiry from -that quarter. The "Wingatui is due to load at Dunedin to-mor-row, and laUr at Timaru, and then at Lyttelton, arriving in Auckland about the following Monday. This should provide an opportunity for Northern supplies to work down. The. market .will be influenced very considerably by the weight of the Wingatui’s cargo next week. Prompt delivery is quoted at £5 17s 6d to £6, f.0.b., 5.1., as against £5 15s a week ago. August s are quoted at £6, and September at £6 5s to £6 7s 6d, though prices for Sepetember are nominal. The on truck prices are about £4 17s 6d for average stations. Fowl wheat is firm at 4/10, f.0.b., S.L Small orders are coming forward freely. Offerings of milling wheat have practically disappeared. The oats market is lifeless. There is little demand for chaff, which is worth £3 10s on trucks. • \ BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Coy., Ltd 1 ., from their London office, dated August 12: — Butter: Market very firm. Danish, 114/- to 118/-; N.Z. -finest, 106/- to 109/-; Australian finest unsalted, 106/to 108/-; Australian finest salted, 100/- to 103/-; Australian G.A.Q., 94/to 98/-. Cheese: Market firm. N.Z. white, 58/- to 60/-; N.Z. coloured, 56/-; Canadian white and coloured, 57/- to 59/-.

STOCKS AND'SHARES.

AUCKLAND, August 13.

Sales: Refrig. con. 4/5; Banlfyof New Zealand D. Mortgage 27/6, E. S. A. Bank £4/2/6, Union Bank £7/0/6, Bonds 5 h (1937) £lOl/7/6.

SILVER PRICE RISING.

LONDON, August 12

The “Morning Post” comments oh a sudden rise in the price of silver t-i 18 15-16 pence pex* ounce. It says: A buying movement began by some speculation in China, was fanned by larger speculation in New York. The precise basis of this speculation is not discernible, as no development has occurred indicating any increased demand bn the London bullion market. Therefore the papex* apprehends that there will be a reaction.

However, silver mining shares and cotton shares have advanced, the latter being due to an expectation of increased Fax* Eastern purchasing power; but the movement must have a more definite foundation before it can justify the hopes that have already been raised.