COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 293, 24 September 1935, Page 7

COMMERCIAL NEWS

DOMINION PRODUCE. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram dated September 21 from the High Commissioner for New Zealand, London:— Tallow—Market quiet but steady at about last quotations. Eggs.—English supplies short, but quiet demand. English, national pack 13s 6d to 17s 6d, ordinary 14s 9d; Danish (moving slowly) 10s 6d to 13s, Australian 10s 6d to 12's 3tL

DAIRY PRODUCE.

BUTTER. MARKET FIRMER. The New Zealand Dairy Board has received the following market report from its London office dated, September 20:— Butter. New Zealand —Salted 100 s to 112 s, ex. 114 s (last week Ills to 112 s), appiox. 13.1 d f.0.b.; hn,salted 112 s (112 s t*o 114s* Australian—Salted 109 s to Ills, unsalted 109 s to Ills. Market quiet earlier part ot week, closing firmer. New Zealand retail price unchanged, Is Id. Danish—lo9s f.0.b., 128 s spot. Dutch—Unsalted 103 s, 110 s. Siberian—Salted 975. Ukranian—Salted! 975. Polish—Salted 925, ex. 965. Lithuanian—Salted 98s. . Lithuanian —Unsalted 98s. Market steady. Danish retail price Unchanged, Is 3d. Cheese. New Zealand—White 55s 6d (51s to 525), approx. G.lOd f.0.b.; coloured 55s 6d, ex 56s (43s 6d to 545), approx. 6.10 d f.o.b. , . ... Australian —White and coloured 53s to 545. . , Canadian —White 55s to 565, coloured 55s to 575, old season’s white 64s to 655, coloured 666, c.i.f. 575. English—Finest farmers’ 85s to 945, factory 40s to 465. . M&rkefc firm. Now Zealand retail price unchanged, Gd, Minimum F.o.b. Prices. The minimum f.o.b. prices from the period from Bepteihber 21, until iuither notice are:— Butter— llfd less 1J per cent, commission (94s lOd c.i.f.e.). Cheese —did, less If P 6l ' cent, commission (45s lid c.i.f.e.). The South Island Dairy Association, Ltd,, has received the following market report from the N.Z. Produce Assoliation, Ltd., London: Butter—Firm, 109 s to 112 s; Danish, 129 s Cheese—Firm. White 55?, coloured 54s 6di to 555.

SHARP RISE IN POTATOES,

AUCKLAND MARKET VERY FIRM

AUCKLAND, Sept. 23. _ The price of potatoes has a |p ia risen in spite of the arrival of about 7000 sacks by the Waipiata to-day, and Red Dakotas are now selling at £ls a ton, and whites at £l4 5s to £l4 10s a ton through store. The rise is £3 10s in a week. ... The market is very firm, and stin further rises are possible. The rise in the Christchurch market was even more marked. This morning one Auckland merchant attempted to buy in Christthurch at £l2 a ton f.0.b., but sellers asked £l3. When the order was telegraphed at this price, however, it was refused, and later in the "day some holders were quoting as high as £ls. A week ago f.o.b. prices were round £9 a ton. The fact that such high prices are bringing few sellers into the market is taken to indicate that very few potatoes are available in the South Island. If this is the case still higher prices can be expected, as there is no other source from which supplies can he drawn. The difficulty is accentuated by the heavy demand. At Pukekohe the crop is very disappointing, and it is not anticipated that it will be able to cope with the local demand until about the second week in November. The yield is very poor.

GRAIN AND PRODUCE.

CHRISTCHURCH MARKETS. CHRISTCHURCH, September 23. The past week has been exceptionally active on the potato market. Prices quoted to-day showed a further rise for all lines, the increase being as much as £2 in the case of whites on trucks. The demand from all centres has been heavy, particularly from the north. Farmers’ supplies are almost exhausted, and with the small quantity available merchants predict that the shortage may be serious. The last big shipment to the north will be made this week, and will consist of 8000 or 9000 Prices for milling and fowl wheat are unchanged. The demand continues steady, and is being satisfied by spring deliveries from the country. There is a shortage of bran and pol laid at present, but this should be rectified when crops are cut. Spring Eowtli has been slow all over New Zeatid, and this has caused a firming of the market. There are plentiful gupplies of flour. Business is generally quiet on the seed market. The demand for spring wheat has been disappointing, and oats, too, are slow. Stocks that have gone out are mainly for spring sowing. There has been no shipping of partridge peas to the Home market, tho general tendency being to mark time. Following are nominal prices quoteo to be paid to farmers on trucks at country stations, sacks extra unless otherwise mentioned:—

Potatoes —Prompt delivery, Sutton’s Supreme £lO, Dakotas £lO, on trucks; white, £lO, on trucks. Milling Wheat—September delivery: Tuscan 4s sd, Hunters 4s Yd, Pearl and Velvet 4s 9d, f.o.b. Selling prices to millers for September (all f.0.b.); Tuscan 5s o£d, Hunters 5s 2Jd, Pearl and Velvet 5s 4£d. Fowl Wheat—3s 9d to 3s lOd on trucks. South Island. Ex-Wheat Purchase Board, 4s Id f.o.b, for North

Island only and 4s 4d for South Island. Bran—Local, £4 15s; shipping, £4 10s. Pollard—Local, £6 ss; shipping, £5 10s. . Flour—Local .£l2 7s; shipping £H 12s, with the usual increments tor smaller lots. Partridge Peas —4s 9d to 5s 3d (nominal). ' „ ~ Oats —Gartons 2s Gd to 3s, Algerians 2s to 2s 3d, Duns 2s 9d to 3s 3d, according to quality. Chaff—£3 5s (nominal). Barley—2s 6d to 3s, according to quality. Linseed—£l2 to £l3, according to quality. Cocksfoot—Akaroa, 9£d to lid. Ryegrass—Perennial, Italian and Western Wolths, 2s 9d to 3s 3d. Clovers—White 6d to 9d; red 7d to 9d.

SYDNEY WOOL SALES.

PRICES LOWER, SYDNEY, Sept. 22. The Sydney wool sales were resumed to-day-, when 11,551 bales were offered, of which 10,489 were sold, and 1428 disposed of privately. Prices, compared with those at the close of the last Sydney series, were 5 to 7£ per cent. lower. There was a. strong general demand for all descriptions. Greasy merino made to 20i<L