CANTERBURY MARKETS.

Press, Volume LVIII, Issue 17645, 23 December 1922, Page 10

CANTERBURY MARKETS.

Friday Evening. 1 Business is practically lifeless, and little movement may be expected until after the holidays. Australian demand for oats is easier, due to beneficial rains in New South Wales. Quotations as a Tesult are 2d per bushel less from Sydney than they were a fortnight ago. At country station values here are "nominally 2s 6d for B gradi. In any case the Australian market is not calculated to increase prices, but only to provide an outlet. Good bright heavy oaten chaff is meeting «"ith a fair demand, and good quality is worth from £3 10s to £3 15s, at country stations. . . There is an entire absence of business in new season's wheat. The trade generally considers that the carry-over o£ milling wheat will be small, notwithstanding reports to the contrary, but harvest prospects have been so improved by the recent weather that sn increased yield is anticipated from North 'and Mid-Canterbury. One opinion is to the effect that early values will bo about 5s a bushel, but that after the first demand is filled there wili be an easing. Other views incline to the belief that the Will not, all round, be as good as last year, and that there will be little Surplus to depress prices. Fowl wheat in the meantime is selling at 4s 6d to 4s 7d per bushel, f.0.b., s.i. . There has been an enquiry or two about barley. A good deal has been grown under cohtract a,t 4s 6d (continuance carried), and this woula appear to sot that figure as a minimum price for free barley. There is no change to report m seeds. Forward business in potatoes is negligible. The area in crop is understood to be large, and the crops are coming on well. The weather is conducive to blig'it, but 'it is at least six weeks too soon to expeci blig-ht to any extent. About £3 5s at country, statious is the nominal quotation for . main crop. , The following are quotations for produce ' to be paid to farmers at country stations, free of commission, sacks extra, except where otherwise sfated• ' Milling Wheat (maximum pricea)—According to Government prices: Tuscan, 5s 10id, f.0.b.; Hunter's, 6s ljd; Pearl, 6a 7id. ' Fowl Wheat—4s to 4s 4d, f.o.b. Oats —Cartons, A'e 2s 7d to 2s Ba, B s -fl 5d to 2a (id. Chaff—£3 10s to £3 15s. White Clover—ls 4d to Is 6d. Cowgrass—lo(l to lid. Linseed—£l4 10s. Cocksfoot—4Jd to sd. ■ Italian Ryegrass—3s 8d to 4s. Perennial Ryegrass—3s Id. to 4s. Flour—According to' Government prices: 2001b sa-cks £l3, lOQlb bags £l4, 50lb bags £l4 10s, "lb bags £ls, all at per ton f.0.b., Lyttelton, Timaru and Oamaru. Bran—According to Government prices: £5 to £5 10s. according to packing, f.0.b., southern porta. s Pollard —According to Government prices:, £8 to £8 10s, according to packing, f.0.b., southern porta. '.FRIDAY'S POtTLTRY MARKET.. The Canterbury Co op. Poultry Producers, Ltd., report that large entries are coming forward. There has been a .firm demand, and keen sale for fine quality birds, although a very large number of the birds are unprimed. Good prices were realised. Table chickens realised 8s 6d to 17s 6d, table ducklings 9s to 15s 3d, goslings fls to. 15s 6d, hens 2s to lis, turkeys lis 6d to 66s 6d, ducks 4s to lis; all at per pair. EGG MARKET. There has been a fair demand and a good supply. Canterbury Co-op. Poultry Producers, Ltd., report:—First grade Is 3d, seconds Is 2d per dozen. I^JNEDIN. (special to "the press.")' DUNEDIN, December 22. Although the holiday season is having its effect on the volume of business, there is a good demand for A Gartons, which are quoted at 2s Bd, and B's at 2s 5d per bushel, sacks extra. ' As a result of the brisk demand and the scarcity of good quality lines, the market for first-class chaff is firm. Prime oatensheaf is worth up to £4 15s, good to best feed £4 5s to £4 10s, and inferior from £2 10s per ton, sacks extra. LEESTON STOCK SALE. Yesterday's fortnight'.y stock 6ale at Leeston was not so well attended aa usual, and there were small entries in all departments. With the exception of sheep, the market was dull, and'sales were ratiler diHicult'. to make, there being few buyers present. Sheep were firm at recent ratesi The fat' pig pens were practically empty, but 1 there were 108 store pigs, for which the demand was very weak, prices suffering in consequence. The cattle pens contained few animaJs of quality, the total entry of cattle being 55 head. The range of values was as follows: —Fat lambs 32a, faj wethers 26s 4d, 24s 6d, and 24a Id; boar 4gs, sow arid litter £3' Is, atore pigs 14s 6d to 275, weariers from sa, fat stee» £8 10s, fat cow £6 ss, 9 epringiers £3s to £4, store cows £1 6a to £2, bulla £1 10s to £2s 7a 6tf. BANK OF ENGLAND RETURNS. (By Cable—Pxese Association—Copyright.) Australian and N.Z. Cable Association.) LONDON, December 21. The Bank of England returns for the week ended December 21st afford the following! comparison with those of the previous week: Dec. 14. Dec. 21. Coin' and bullion .. 125,621,000 125,623,000 Reserve .. .. 22,735,008 21,004,000 Proportion of reserve • to liabilities, p.c. 18.120 17.22 Note circulation .. 123,161,000 124,880,0(00 Government deposits 10,113,000 17,014,000 Other deposits ..114,773,000 106,382,000 Government securities 53,927,0C0 51,522,003 Other securities .. 66,123,000 68,798,000 Short loans, 1J per cent.; three months' bills, 2 &-I6 per cent. BRADFORD TOPS MARKET. December 22nd, 11.45 .p.m.) LONDON, December 21. j The Bradford wool market has a good tone with a baldening tendency. Sixty-fours are quoted 61d, sixties 55, fifty-eights 46d, fifties SOd, forty-eights 20d. METALS. (By Ciftble—Press Association—Copyright.) (Australian and N.Z. Cable Aaaooiatioa.) (Received December 22nd, 9.45 p.m.) LONDON, December 21. Copper—Spot £64 6s 3d, forward £65 3s 3d. tread —Spot £26 10a, forward £26 ss. pelteT—Spot £37 sa, forward £34s 6d. Tin—Spot £179 13s 9d, forward £lßl 2s 6d. Silver —30Jd per ounce. TALLOW. Messrs A. H. Turnbull and Co. are in receipt of the following cablegram from W. Weddel and Co.. Ltd., dated London cember '2oth:—"At tallow auctions to-day, 1 1520 casks were ogesed, of which 900 caska' l were sold. Tallow market unchanged to 6d i decline." t HIDES. i " (By Cable—Press Association—Copyright) l (Australian and N.Z. Cable Association.) MELBOURNE, December 22 Hides—Average quantities of hides W ere i offered. Ail showing substance and weight I were firm at previous rates. Other sorts were , unchanged, except kips, which declined id. FROZEN MEAT MARKET., The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London office under date 20th inst.:— -Tallow—We quote present spot values for the following descriptions: Fine muito n 43s per cwt, good beef 41s 3d per cwt, mixed 26a 6(1 per cwt. Market quiet. "New Zealand Frozen Meat—Lamb and mutton no change. Last quotations 13-12-22-—Lamb 113 d per lb average; mutton, wether and maiden ewe, light BJd per lb, heavy 7jd (per lb; ewe, light 6jd per lb, heavy 6|d per lb. Beef, or hinds 4Jd per lb, fores 3i& per lb; cow hinds 3Jd per lb, fores 3Jd per lb. Market dull."