COMMERCIAL

Greymouth Evening Star, 10 June 1933, Page 8

COMMERCIAL

.4* GRAIN AND PRODUCE [PEB PEESB ASSOCIATION.] CHRISTCHURCH, June 9. The week has not shown much business activity, but most classes of produce are firm. Potatoes for forward delivery are a shade firmer. There is still very little inquiry from the North Island. It is understood that there is a probability of a further 1000 tons of potatoes being shipped to South Australia. This would offset in a small degree the lack of shipments to the North. An interesting factor in the market, this season, is the Southland production. Last season, the southern, province came on the northern market with very heavy supplies, and offset the shortage in the Canterbury crop, but for which prices would undoubtedly have been much higher. The present autumn in Southland has been very wet, and blight under such conditions, is not improbable. Quotations f.o.b.s.i. Lyttelton are from £4 to £4/2/6 for prompt, or £3 to £3/2/6 on trucks. June delivery £4/5/- to £4/7/6 f.0.b.5.i., and JulySeptember £5/5/-. Dakotas are at a premium over whites, prompts being worth £3/5/- to £3/10/- on trucks.

. ' The oats market is somewhat easier. , A. Garton’s are worth 2/5 to 2/6 f.o.b.s.i. for spread, July-September, and 2/5 for prompt. B’s are quoted 2/to 2/1. On trucks, values are 2/- for A’s and 1/6 to 1/8 for B’s. Chaff is meeting with a little more enquiry foi* local needs. Values are £3/10/- a ton f.o.b.s.i. to £2/2/6 on trucks. Fowl wheat is slightly easier and is quoted 3/5 to 3/6 f.0.b.5.i.. No. 1 partridge peas are quoted 4/10 f.o.b.s.i. or to 4/3 on trucks. There is not much volume in business passing in small seeds, but several products have been firming in value. The quality of small seeds this season is much above the average Cocksfoot has been improving in price, and Akaroa is now quoted at 4d to 4Jd for farmers dressed, and Plains 3Jd to 4d. Italian ryegrass has also improved in price and it quoted at 1/6 to 2/- a bushel on trucks. Perennial has scarcely improved to the same extent and is worth 1/6 to 1/10. CowJ grass is quoted 6d to 7d a lb. on trucks 1 according to quality. Production is slightly more than normal, most of the white clover crop is in merchants’ hands. Production was not so heavy as anticipated. Values are 9d to lid lb. on trucks. It is too early yet for any export inquiry. Dogstail has moved up sharply in price. The market opened at 31d a lb. for machine-dressed and sellers are now asking 71d. The crop turned out much lighter than was expected earlier in the season. Chewings fescue has also improved to a small extent. The opening prices were 3d lb. for dressed and to-day’s value is 4d which, however, is still a very low price. A few sales have been made for 1 export.

BUTTER AND CHEESE.

I Copy of cablegram received by DalI gety and Co., Ltd'., from their London | office, dated June 9: — I Butter: Market firm. Danish 92/-to | 94/-, New Zealand finest SO/- to 82/-, I Australian finest unsalted 80/- to 82/-, I salted 78/- to 80/-, G.A.Q. 74/- to 76/-. i Cheese: Market firm. New Zealand white 48/- to 49/-, coloured 54/Canadian, white 66/- to 68/-, coloured 66/- to 72/-, c.i.f. 54/- to 56/-. STOCKS AND SHARES. DUNEDIN, June 10. Sales: Okarito 11/-, Gillespies (two) 1/8, Waitahu 7/8, Nokomai 4/9, 1940 4 per cent. Stock £loo|. Reported* Donaghy’s 39/-, Electrolytic pref 31/6, Dominion Fertiliser 11/9, Nokomai 4/11, Gillespie’s '., (late yesterday) Freshford lOd, ALEXANDER MINES It is reported that a. fresh block of stone was located yesterday and a considerable number of shares changed hands this morning. BIG RIVER MINE. At a meeting of directors of the BigRiver Mines, Ltd., held at Reefton last night, Mr. J. W. Hannan was appointI ed Chairman. [