CANTERBURY MARKETS.

Press, Volume LX, Issue 18135, 26 July 1924, Page 10

CANTERBURY MARKETS.

(BI CUft COKMtECIAL SDITO2.) Friday Evening. The market is practically'lifeless except for the interest attaching to potatoes. Fairlv reliable information has come from Auckland that the Koromiko's heavy consignment of 1000 tons has opened up in satisfactory condition. A vcrv small proportion was damaged in transit, but insufficient I to take note of. That on top of the ow quotations from Auckland for burr potatoes, and the statement | Auckland merchants that | quotations are available at <> to 60s would Bcein to spell-disaster far as Canterbury- potatoes are concern- i ed. but there is still some hope, as a , matter of fact. Victorian values hsw e. improved within the past few dajs from 65s to 75s per ton. Tms is cabled advice received by one local day, with-the additional news that supplies are smaller, and the variety quot-. Ed is Snowfiake, not the choice variety. Carmen, which are now finished. The cabled quotation of the byaney market, also shows a _ advance, apparently confirming the Victorian information. The position in Christehurch is interesting, viewed in the light of the above. There has not been a July for many years -when so few potatoes were shipped from Ij}Ztelton, and when a few tons have been wanted to fill an order there has been quite a scurry round to secure trie coods. Mofit of the business between merchants has finished up in cancellations, but when the actual potatoes are wanted they arc not at hand. _ Ordinarily under such a weight of importations, and the resultant sagging prices, growers rush in supplies. There has been no suggestion of this so fan Growers .generally, are prepared to sit tight and see what happens. It would be unwise to construe the above comment on the position as an indication that,-tubers are likely to bound up again to high values, but it can be at least suggested that values of imported potatoes have reached the lowest point. Sales during the week _ were made at £5 for August, f.0.b., s.i.,the equivalent of &3 15s on trucks. There ia no selling by farmers at this price. Oats continue their upward course, due to a pronounced advance in Canada, the result of the dry conditions in that Dominion. Over-sellers here are forced to extend prices to cover. Since mid-week quotation values have gone up,to 5s 9d f.0.b., s.i., or 5s Id for, B's. and 5s 3d for A's on, trucks. Chaff is very firm, there being _ a good local demand, and also enquiry from the South. Values to farmers are £7. ■ All classes of seeds are very dull. Peas : are lifeless. Reports ironi England arc to the effect that there is little chance of an improvement. In regard to seed stocks held by merchants are sufficient for requirements. The following are the quotations to be paid to fanners at country stations, free of commission, sacks extra, except where otherwise stated: —. _ Wheat (new season's prices), Tuwail 5s 4id; Hunters 5s 6R Peail 5s BJd, f.o.b. Lyttelton. . Fowl Wheat (nominal) —69 M f.0.b.Chaff—To £7. - - t r " Oats —B Gaxtons 5s Id; A s, os. 3d. White Clover—ls 2d to Is ?.d. Cowgrass —8d to 9d. P-artridge Peas — 6d. Italian Ryegrass —*ss. Perennial Ryegrass—6a., Cocksfoot —8d to 9d. Linseed —£16 10s. Barley—ss. . Potatoes—£4 (nominal). F'otir—£ls 30s a ton. " Pollird—£(s 10s f.o.b. main ports; 10s- 1 extra for smaller packing. Bran—£s 10s,, -per ton f.o.b. mam ports; 10s extra for smaller packing. ;

POULTRY AND EGGS. Although. a largo .supply of poultry came forward this week the demand was not equal to the supply, and high prices were realised., Following is the range -of prices per pair:—Table chickens, 4s to lis; hens (light) 3s to 6s, Cd, hens (heavy) 4s Gd to Ds 6d, pullets 7s to lis, ducks 5s to 10s, geese 7s to turkeys 22s to'4ss. " The Canterbury Co-op. Poultry Producers, Ltd., report that on account of the cold weather, the supply of eggs showed no increase this week, and that 'they had no difficulty in. disposing .o£ their stocks at the following prices per dozen: —First-grado lien eggs Is 9d, second-grade hen c'ggs and duck eggs i 3 7d. ; . ' ;

TIMARU. (SPECIAL TO "THE TEESSi' ) TIMARU, July 05. Dnrin" the past week there has boon little alteration in tbo grain and produce markets. 2>To violent fluctuations of any sort have occurred, and with tho exception of a litflo firming of linseed, the position remains much the same as last week. The rise in linseed was brought about by the liftin"- of the 'Calcutta market, and £J.G 15s hia been- paid for this line, on trucks during tbo /week. To-day's price would be about are -weaker in price if anything, but" at tho same time growers are firm holders, and are not inclined to accept the rates at present offering, consequently little business is being done. Fowl wheat is easier on account of larjo Australian importation.?, and to-day's quotations ' to growers are »s 5d to 53 6d, on trucks. Large quanties of Australian milling wheat are available, and local supplies arc not required. There is a very fair demand for seed wheat, and it appears that an average acreage will be sown thia bc&san. Eain is badly wanted to prepare the ground for spring sowings. ° Seeds*sre quiet, with no appreciable alteration on last week's rates. Oats for forward delivery have finned up. J3'grade Cartons ars worth 5s Gd to 5s 7d ttwlav. Large quantities of Canadian oats will shortly be arrivinrj. and these will fill all feed and seed requirements. It is not f.xrrectrd Ihat there will bo a shortage of oats anywhere in Xcw Zealand this season. Chaff is quoted • at £6 15s on trucks.

DUNEDIN. (srxcui. to "this fbess.") DTXNEDIN, July 25. Imported cats are filling the very limited enquiry for' feed. Stocia cf Eeod outs are light, and' any samples of heavy locally grown oate suitable for seed are readily sold. In fbe zbeeccc of offerings, however, the following quotations are only nominal:—A Gartone 5a 3d, B Cartons 58 per bushel, sacks extra. Consignments of milling Tthoat have ceased, and good whole fowl wheat, which is in short supply, is realising up to Ca pet bushel. Canterbury potato crcrwere ®re forwarding fair quantities to this marked and the supplv is in cxces3 oi the demand. Southern grown are hard to sell at from £6 10s to £S 15s per ton for choice lines. Supplies of chaff have eased, bui feeders are ' holding fair etocks. IMme quality ia realising £8 53 per ton, sacks extra.

DAIBY PRODUCE. Dalgcty and Company, Limited have received tie following cablegram from their London office, dated July 24th: "Butter—Market quiet. We quote Danish 200s, New Zealand ealted 133e, for exceptional New Zealand brands 190e. finest Australian ealted ISis, and unsalted 131s. "Cheese —Better demand. We quote Now Zealand white at 90s, coloured 86s, Canadian c.i.f. 87s, and Canadian on epot 905." Pj-ne Gould, Guinness, Ltd., have received the following cablegram from Henry A. Lane and Co., Ltd., London,, dated 24th insl. "New Zealand Cheese—White 903 to 92»; coloured. 87s to 80s."

BANK OF ENGLAND RETURN. ,'BT CAMJS—FMS3 ASSOC! ATI OF COFWUOHT.) (IL'ETXXLIAS' ASD *-S. CAMJS ASSOCIATION.) (Received July 05th, 8.5 p.m.) LONDON,. July 24. Following is the Bank of rotura 'or the Trook ended Only 23rd, compared tko preTiwis week:i> £ Coin ard bullion .. 1CG,4«,000 125-450,000 Reserves " ■ " ' ' Proportion reeerve to ,„„ A ice NotcSWonV. mgfi* r. S sgg Otb« Sitfet :: Short loans, 3 per cent.; three months bills, 52 per «®**

FOREIGN EXCHANGE RATES. (Received July 2Slh, 8.5 p.m.) LONDON, Ju.y, 21. Tho exchange rat** M> Pari" fr. to £1 ■■ 25.225 81.90 £5.65 Brussels, fr. to XI".. 25.225 94.88 95.63 Christiania. kr. to £1 18.103 3../1 32.93 Copenhagen, kr.to £1 18.103 2v.23 -7.23 Stockholm, kr. to £1 18.159 16.47 16.03 Berlin, maris to £1 20.1 a 181 _ ia * bi.lions. billions. New York, dol to £1 4.53 4.385 4.40 i Montreal, dol. to £1 4.86 4.41J 4.42J Rome, lire to £1 .. 22.22* 101J 101? Yokohama, st. to yen 21.5 22 7-l€a Hong Kong, st. to do!. t 28$ d 28Jd Calcutta, tt. torpc. 10 to gold £ 17 5-16 d 17Jd by price of silver. j

GOVERNMENT SECURITIES. (Received July 25th, 8.5 p.m;) LONDON, July 24. Th« following are tho latent quotations for Government eecuriUfi: — , Juir 17. July 24. £ s d. £ b d Imperial consols, 2J p.o. .. ~ 57 0 0 67 0 0 War Loan, 5 p.c. 1920-47 .. •• 101 5 0 101 2 G War Lo?n, 3J p.c. 1925-28 .. .. 97 0 0 96 17 6 Conversion loon, 3i p.c. .. • .. 77 0 0 77 0 0 Common wealth 54 p.c. 193M1 .. .. 10! 13 6 101 0 0 Commonwealth 6 p.c 1902-27 .. .. 106 10 0 10S 10 0 New Zealand 6 p.c. 1938-51 .. .. 108 13 0 109 0 0 New Zealand 4 p.c. 1929 .. .. 93 15 0 . 93 7 6 New. Zealand 3i p.c. 1940 .. .. 63 2 6 83 12 6 New Zealand 3 p.c. 1945 .. .. 76 0 0 76 0 0 New South Wale» p.c., 1930-40 ..106 5 0 106 5 0 New bouth Wales 6 p.c., 1930-40 .. 104 12 G 101 17 6 New South Wales 6J p.c., 1922-23 ..101 0 0 101 10 0. New South -Wales 4 p. 0., 1923 :■ 9H7 6 91 17 6 New South Wales 3 p.c., 1930-50 .. 83 0 0 83 0 0 New South. Wales 3 p.c., 1935 ~ 16 7 6 76 13 .6 Victoria 5 p.c., 1930-40 103 5 O 103 0 O Victoria 3$ p.c., 1921-26 98 0 0 38 0 0 Victoria 3 p.c., IK9-40 79 12 6 79 2 b Victoria p.c., 1909-49 72 12 6 72 17 6 Queensland 6 p,.c., 19&(K . . 40 ' •• 103 17 6 103 17 6 Queensland 3i p.c., 19M S9 15 0 ?0 13 0 Queensland 4 p.c., 19*24 99 15 0 " 99 15 . 0 Queeniland 3J p.c., 1939 91 0 0 81 0 0 Queensland 3 p.c., 1922- - - „ .47 .. .. 70 15 0 70 15 0 South Australia 6J p.c. „ . ' 1920-40 ■ .. ...106 5 0 106 5 0. South Australia S§ >c. 1915 or after .. 82 10 0 83 ft 0 South Australia 3 p.o. 1930 • • - • 61 0 0 61 0 O West Australia 8 " ■ ' ... 1930-40 .. 104 '0 0 104 10 0 West Australia 3J p.o. , _ . 1930-33 •• .. £5 12 6' 86 0 0 West Australia 3 p.c. lsis-as .. .. S3 o o ai o o 6i P-c., m ? ? 3J p.c., 1920- q Q T 3 : px., ; 19M-' 0 0 ' 76 o'o

RABBIT SKINS. (.Received 'July 25th, 8.5 p.m.) LONDON, July 24. At the rabbit akin saleo, 1972 bundles wera offered, and 1381 sold. Th«e was keen competition for all except the best furriers' sorts, which ?ttracte,d little,attention. : ■ . New Zealand second, bucks and does sd j vanced from threepence to sixpence; autumne, generally declined from twopenco ,to threeponce ; Australian prime first winters were unchanged; stout pelted advanced a penny; incomings were . maintained at ,late prioea, DsJgely and Company, .Limited, have received the following cablegram from their London office, dated July 2<th:— "Rabbitakins—At the saieo 1970 bales were effered : and' 1360 sold. ' American buyers were tho principal Fair demand for the Continent and United Kingdom. Good demand for hatters' stout pelted furriers at unchanged pric«e. .Best thin pelted furriers were rather neglected." , , ' LONDON MARKETS. (Received July 25th, -8.5 p.m.) x LONDON, July 24. Wheat cargoes are tety' strong . oil . tha American rise, but buyers' aro reserved. Parcels were from Is 6d to 2s a quarter but little was done and the marketclosed easy. The sale is reported of 500 tons by the Hurunui at 665. A parcel ex Ba'larat' feold at 535, and new was sold at Liverpool for 65s 3d and at Hull for Sos' Bd. Spot trade is active; prices tending in buyers'; favour.; ' Australian ex store is quoted M. 66s 9d. . Flo-iir is slow of demand' at tbo recent advance. Australian ex store 399. Oats, peas, and beans I»rq steady.. Sugar: Granulated 38s 4d per curt. BRADFORD TOPS. (Received July (25th, 8.5 p.m.) LONDOX, July 24. Bradford top 3. sire in better enquiry, and there ia slightly more business. Quotations are: Sixty-fours 7CJd; sixties Slid; fifty-sixes 46. J .ci; . fifties 331 d; fortysises 27d; forties 2cd.

METALS. (AUSTRALIA?; ASD K.Z. CAMJS ASSOCIATION) . (Received : July 25th, 11 p.m.) LONDON, July 24. Copper—Spot, £S2 lis - 3d; for-.vaid, £6O lis 3d a lon, Lead—Spot, £33 10s; forward, £32 a ton. Spelter—Spot, #32 Its-, forward, £C2 lis 3d a ton. Tin—Spot, £241; forward, £214 23 Ccl a ton. Silver—34 7-16 d an ounce. TALLOW. The New Zealand Loan and Mercantile Agency Co., Ltd.. have received the foL lowing cablegram from- their London office under date 22rd ice tent: — „ ' "Tallow—We quote present epot vetoes fof the following-descriptions i—Fine mutton, 45s 9d per cwt.; good beef, 43s 9d per c-.rt; mucd 38s 9d per cwt. Market firm'." '