COMMERCIAL

Greymouth Evening Star, 10 February 1934, Page 8

COMMERCIAL

GRAIN AND PRODUCE [PER press association.] CHRISTCHURCH, February 9. The week has been quiet in the grain and produce markets, except that there has been a good deal of interest in the potato section. Wheat deliveries have fallen off owing to rain. Fowl wheat has been a shade better owing to good demand tor prompt and has advanced halfpenny to 3/61 No estimate is yet possible of the yields of milling wheat because what has passed through merchants' hands has shown very great variation. Fears of low quality are not altogether borne out. The quality is generally good, though not up to the standard of last year. There has been more enquiry from the North Island for seeds, but very few orders are forthcoming. In most cases, farmers’ ideas of the values of their new season’s produce are too high for the merchants, and this has been a bar to business. Farmers expect about 4/- a bushel for ryegrass. Merchants consider value to be not more than 3/6. Very little Peninsula cocksfoot is yet offered. One line is reported to have been sold at 10|d, but this price is too high for most merchants. Uncleaned cocksfoot at IOJd would mean that dressed seed for sale in the North Island would cost the purchaser about 1/6, a price which the merchants consider too high. The crop is estimated to be about twothirds of last year’s. The white clover crop is threshing out disappointingly, the yield being light and the quality indifferent. Merchants are not keen to buy at present. The potato market has firmed but it is expected that a good price will be forthcoming to growers this season. The present quotations to farmers on trucks are £3 for whites, £3/7/6 Sutton’s Supreme and £3/10/for Dakotas for April, May, June. There are very few prompts available and these are worth £5 on trucks. There have been dealings in July-August-Septembers at £5/10/-. Crop prospects in Canterbury are good. The onion market is not strong. Values are £2/15/- to £3 on trucks for prompt and £2/10/- for MarchApril.

METALS MARKET. LONDON, February 8. Copper standard £33 22-32 and £33 29-32; electrolytic £362 and £371; wire bars £371; lead £ll3 and £l2 1-16; spelter £l5 1-16 and £l5 5-16; tin £226 1-16 and £225 11-16. Silver 19Sd and 21 5-16d.'

STOCKS AND SHARES. DUNEDIN, February 10. Sales reported: Central Shotover 10d (two). Late, after call, 101 d (two). WELLINGTON, February 10. Sales: Standard Insurance 62/-, Taupo Totara Timber 3/-, Gillespie’s Beach 2/3 (two). BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Co., Ltd., from their London office, dated February 9:— Butter: Market firm but less active. Danish 85/- to S7/-, New Zealand' finest 68/- to 69/-,, Australian finest unsalted 64/- to 68/-, salted 63/- to 66/-; G.A.Q., 60/- to 62/-. Cheese: Market firm but less active. Now Zealand 43/- to 43/6, New Zealand coloured 45/- to 45/6, Australian coloured 43/- to 44/-, Canadian white and coloured 50/- to 54/-. WELLINGTON, February 10. The minimum prices at which Austialian butter may be sold for forward shipment during the coming week is 7?d and 7&d.