GRAIN AND PRODUCE.

Auckland Star, Volume LVI, Issue 134, 9 June 1925, Page 4

GRAIN AND PRODUCE.

LOCAL MARKETS. Further shipments or potatoes have arrived from the Soutli, and there are ample supplies Tor tlie requirements or Hie market. The position In regard to exporting- to Australia Is still uncertain, and at the moment there are no Indications or altered price?. Some inquiry is now beinir received for seed lines, but so rar only small shipments have. come, to hand. When the demand for Planting- really sets in it is expected that there wilt be ample supplies at reasonable rales. Onions. Southern storks are practically exhausted, as also are those from rulcckohe. In consequence or which the N.Z. market will have to look to Australia for Its supplies during the next Tew months. This means dear onions, as rates across the. water are lilg-li. Maize. This market shows no alteration. Arrivals Irom the coast have been .small, but further shipments have come to hand from Australia. It Is understood, however, that Australian maize Is not in ravuur, as it Is infected with weevil, which is, or course, detrimental to sale. Under the circumstances It is not expected that Importations will be on a largu scale. Oats. There is no change in the local market for oats. A grade fiartons for rorward delivery uro ljciny rnudilv sntipped up by Southern merchants. Prleoa recently eased, but have again advanced, and It is not expected the yrade oats will recede in value. Local requirements arc still being Jllled by undergrade, lines. Chaff. This niarke' is much firmer. Latest advices are t' the effect that very little good brlgiit chad . Is left in Marlboroufh, and quotation-; lor Canterbury grown have been withdrawn. Rang-itiUel. too. Is in short supply. L'p to the present little or no Ta.-inanijn ehafT has been purchased for shipment io this market. So long as -\.Z. rhalf is available at anything like reasonable prices it will be preferred, especially as .\.z. sacks are worth the equivalent or about 30/ per ton, while the Australian hessian has no market value. Wheat. The milling wheat market has undergone another change, following- on a recovery in the world's markets. The Australian market has advanced in sympathy with the European advance, and It would cost more tv-day to land Australian wheat in New Zealand than the prices arranged between millers and growers—namely, C/S Tor Tuscan, G/10 for Hunter's, and 7/ for pearl. The position In Aew Zealand now is that millers are being forced to pay more than the prices arranged, but whether they will have to continue paying more is a matter of conjecture. The world's markets are In an uncertain state, and prlc.-a are fluctuating In a rather remarkable manner. When there Is some definite, information regarding the returns of the crops in the Northern Hemisphere the position may become stabilised. Fowl Wheat. There has been no runner alteration In Southern values, and local merchants are still satisfied to purchase their requirements from hand to mouth. Bran and Pollard. Although in short supply, Australian values have declined, and prices are now being quoted at rates considerably below the rntes ruling a week ago. It is not considered likely, however, that further large quantities will be brought from Australia, as the high prices have Had the effect of curtalitng consumption. Fertilisers. In spite of the continued wet weather, demand ror all lines, particularly high grade super and basic slag, liift been steady, and as soon as the weather Improves and conditions better, it is anticipated there, will be a strong demand. Local manufacturers are holding ample stocks of high grnde. super, basic super and super and ground phosphate mixtures, which will come in to meet the expected heavy utmand during the latter part or this month, July and August. The s.s. Watwera, which arrived at the end of last week, brought a part cargo of basic slag, this being already sold for distribution ex ship. Although the demand this month has been chiefly for topdrcssing purposes. It Is expected that as soon as we have some fine weather farmers will be ordering their requirements for early crops. I , rices remain unaltered, and are expected to keep steady. Wholesale Current Prices. Flour.—£lo 15/ per ton. less 2} per cent discount Tor 2001b sacks or both local and southern. Sharps and Hran (nominal quotations). Australian pollard, £12 15/ per ton; bran. £12 15/ per ton. Local sharps, £10 10/ per ton. Bran, 19 10/ per ton. Oat pollard. £11 10/ per ton. Grain.—New Zealand oats: Feed, D Carton, 5/6 bushel. Algerian seed, 5/9 per bushel. Maize: Now Zealand, 7/r, per bushel. Wheat: New Zealand, 8/9 per bushel; Australian, 9/: i per bushel Barley: Feed, 7/ per bushel; Cape, seed, 7/3 per bushel; maizemeal. 14/6 per 100 pounds; bai'leyrneal, 14/fi per 100 pounds. ChafT. —Weimelm, £lv per ton; Rangitlkel, £0 1/ per ton; local, £0 10/ per ton, extra fine quality. £0 10/. Onions.—Southern. £11 to £15 per ton. Potatoes. —-Southern, £7 10/ to £7 10/ per ton. Pees.—Blue Prussian, 10/ per bushelpartridge, 7/0 per bushel. Hay.—Prime lurerne. £0 10/ to £10----meadow, £8 per ton. Manures. £ s. d. High-grade super, 44/-1 C 5 12 fi Basic super r, 2 0 .Nauru phosphate (llnely ground) 5 2 6 Bonedust (Culcutta) a o o Blood and bone 10 ,i o Basic slag 5 0 0 Nitrate or soda j1 n 0 Sulphate or ammonia 20 0 0 Sulphate or potash ...,., it; 0 0 Potash, 30 per cent 6 10 0 OVERSEAS MARKETS. DAIRY PRODUCE. The London omee or Messrs. Joseph Nathan'and Co., Ltd., lias cabled its rs'ew Zealand house as follows, under date June. 7:—" Butter, 172/; cheese, 03/; both markets quiet." Messrs. A. 11. Tnrnbull and To. are in receipt or a cable from .Messrs. \V. Weddel and Co., Ltd., dated London, Juno 5, reading:— New Zealand unsalted butter, 178/ to 180/; salted, 170/ 10 172/; steady demand. New Zealand cheese, white and coloured, 03/ to 94/1 market quiet. JULY WOOL SALES. The New Zealand Loan and Mercantile Agency Co.. Ltd., has received the following cablegram rrom its London house under dale June 5: — Lists closed .Tune 3. Port Curtis. Somerset. Romnera, llui-unui. Port Sydney, Port Kcinbla, and Cornwall available. FROZEN MEAT. Tlip New Zealand Loan and Mercantile Agency Co., Ltd., has received the rollowing cablegram rrom its London bouse under date June 6:— Lamb and Mutton.—Better market. Quotations unchanged. Last quotations, ae/r./i'i: —Lamb: 1 I id per lb (average). Mutton: Wether and maiden ewe, light 7jd per Ib, heavy 6jd per lb; ewe, light s}d per lb, heavy SJd per lb. CHICAGO "WHEAT MARKET. (Received 9.30 a.m.) NEW YORK. June Chicago Wheat.—July, ? t.65i; SeptenT bcr, 5t.022: December, ?1.G41. — (A. and XZ. Cable.) NEW SOUTH WALES ELECTIONS EFFECTS OX FINANCE..

Election results were much canvassed in financial circles yesterday (says the Sydney "Morning Herald." of June 2). Uncertainty as to the state of parties was recognised, but that Labour had made gains was regarded as certain. It was generally agreed that if a Labour government should enter power we should experience a time of extremely cautious investment, especially in industrial undertakings. Further than this there was no committed statement. It was felt that until the position oE parties was defined there wouh] be no actual movement in business beyond what the necessities of the day would bring forth. As to the effect of a 44-honr week if it became general, business men preferred to make no other comment until it was quite certain whether Labour would rule.