COMMERCIAL.

Hawera Star, Volume XLVI, 7 April 1927, Page 8

COMMERCIAL.

GRAIN AND PRODUCE.

CANTERBURY REPORT

(BY TELESBArH—PBESS ASSOCIATION.) OHRISTGHUICH, April 5. While there is any quantity of wheat about for millers’ requirements, only small lots -are changing -hands, for the reason that there is a- good deal in store. One miller claims to have at least six or eight months’ supply on hand. “The present prices are not to out liking,” he said to-day. “As a matter of fact, we would be pleased to see an advance, which would give us a chance to make- .something out oi the wheat we bought earlier in the season. ’’ „ . The North Island demand for seeds lias jus-t about inn its course ,this season, and a period of quietness may now be expected. New crops, of cowgrass are coming on the market, and -are- turning out well. Growers, however, are asking lOd per lb for seed that prospective buyers consider is not worth any more than Bd, at the present time. . There is no demand at all for white clover, buyers not being interested in it at any price-, most of them having a fair carry-over from last year. With regard to cocksfoot, a- similar position obtains. A, few odd lots are coining in from- -growers who are 'prepared to accept 5d per lb for good quality seed on trucks. Values for ryegrass are unchanged. Southern sellers have a big lot on hand from last season, and apparently the North Island buyers -are getting their requirements from them for the new season’s crops. Southern seed is being offered at 3s 9d to 4s 9d, and 1926 crop at from 3s 3d to 3s 9d f.o.b. machine dressed. These are regarded as give-away prices, and the result is disastrous so far a® Canterbury business in seed is concerned. The southern prices are too low*, while those 'ruling in Canterbury are too high. More interest has been shown in 'potatoes during the last few days, the quotetion being now from £3 10s to £3 15s per ton. In fact, a buyer was endeavouring to get a parcel yesterday at £4 per ton, while the demand for prompt is -better than it was. It was possible a day or two- ago to- buy back Auckland purchases at -a. lower rate than was paid. It is stated that owing to there being a good crop in Tasmania this season, there is a possibility of potatoes from that country coming into the Dominion, if the local prices- should advance- beyond a- certain limit-. Not much digging has been done up to the present, and it is probable that it wiP not be indulged in extensively until after the Easter holidays. By the Xu-row. some 600 sacks of potatoes were taken for Auckland, a similar quantity going -away by the Katoa. A bigger lot will probably be despatched by the Wingatui to-day, and a further supply will go north by the Waipiata on Saturday or Monday. The onion market is quiet, and practically the only -stuff going forward was ordered some time ago. In any case there is not much offering at present.

AUCKLAND 1 SHARE MARKET AUCKLAND, April 5. Share market -sales are reported as follows: New Zealand Insurance, 36s 9d; Auckland G-as, 23s Id ;. Northern Steam, 12s 9d: Northern Steam (con. issue), 6sChecker Taxicab Co.. 18s; Tonson Ga-rlick, 15s; Kawa.rau, 3s Id; Lucky Shot (con.), 2s 7d ; New Waiotahi (con.). Is; "Waihi, 16s Bd.