I. —17.

76

[W. W. MULHOLLAND.

The following table shows cost of holding wheat from 1 to 6 months through stores.

Table A.—Table of Costs.

Receiving and delivery taken at 4s. 6d. per ton ; storage, and insurance, 3|d. per 10 sacks per week ; shrinkage and vermin, 2 per cent. ; bank interest, 6J per cent. ; sampling, 7s. 6d. per 100 sacks ; branding, 3s. per 100 sacks.

Table B. —Prices at Melbourne as Quoted in the "Pastoral Review."

M First Second Third Fourth . Fifth Sixth Month. Month. Month. Month. 1 Month. i Month. i I d. d. d. d. d. d. Keceiving and delivery .. 1-62 1-62 1-62 1-62 1-62 1-62 Sampling and branding .. 0-37 0-37 0-37 0-37 0-37 0-37 Storage and insurance .. 046 0-92 1-38 1-84 2-30 2'75 Shrinkage .. .. .. 048 048 0-72 0-72 144 144 Bank interest .. .. 0-39 0-78 147 1-56 1-95 2-34 3-32 447 5-26 641 7-68 8-52

I • j. I Month. : 1924. | 1925. 1926. 1927. 1928. 1929. BRAN.* £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. January .. .. 600 5 15 0 .. .. 6 10 0 5 15 0 February .. .. .. 6 5 0 .. 6 15 0 6 10 0 6 15 0 March .. .. 600 650 7 10 0 6 15 0 6 15 0 6 15 0 April .. .. 600 650 7 10 0 700 .. 6 15 0 May.. .. .. 600 800 7 10 0 .. 6 15 0 6 10 0 June .. .. 6 00 800 750 7 10 0 6 15 0 6 10 0 July.. .. .. 5 10 0 7 10 0 750 7 10 0 6 15 0 700 August .. .. .. 7 10 0 7 10 0 .. 6 10 0 September .. .. 5 10 0 850 7 15 0 700 600 October .. ..550 850 750 .. 650 November .. ..5 15 0 .. .. .. 650 December .. .. .. 8 10 0 .. 6 0 0 5 15 0 POLLARD. January .. ..7 0 01700 .. .. 7 10 0 650 February .. .. .. 7 15 0 .. 7 10 0 7 10 0 6 10 0 Marcli .. .. 700 7 15 0 950 7 10 0 7 10 0 6 15 0 April .. .. 700 7 15 0 950 7 10 0 .. 6 15 0 May.. .. ..700 8 10 0 950 .. 8 10 0 700 June .. .. 700 8 10 0 900 7 10 0 8 10 0 700 July,. .. .. 6 10 0 800 8 10 0 7 10 0 800 7 10 0 August .. .. .. 800 10 00 .. 7 10 0 September .. .. 7 0 0 8 15 0 10 10 0 7 10 0 7 0 0 October .. ..700 8 15 0 9 10 0 .. 650 November .. ..7 0 0 .. .. .. 6 5 0 December .. .. .. 10 15 0 .. 7 10 0 6 5 0 WHEAT.t January .. ..046 066 .. .. 056 048 February .. .. .. 067 061 052 052 048 Marcli .. .. 047 068 058 0 5 2 053 049 April .. ..048 060 064 050 .. 048 May.. .. ..049 059 064 .. 05 10 047 June .. .. 050 062 063 058 058 046 July.. .. .. 053 063 064 0 5 6 0 5 6 050 August .. .. .. 066 073 055 051 056 September .. .. 060 065 06 10 058 04 10 October .. ..066 05 10 069 .. 050 November .. ..060 .. .. .. 04 11 December .. .. .. 066 .. 057 04 10 ! * These are local prices, but are probably closely equivalent to f.o.b. prices. t Seaboard basis, sacks in.