CANTERBURY MARKETS.

Press, Volume LX, Issue 18147, 9 August 1924, Page 10

CANTERBURY MARKETS.

[si err co>uiEEciAx sditoe.) Friday Evening. The potato market has firmed up again. DeKreries from Melbourne are: not so regular as expected a -week ago, mid n. prospective shortage this nest week or more has creat-'d a Northern demand for the actual potatoes. During the -reek frequent sales have taken place, both for prompt .and AugustSeftPinber d-alivery, at £6 f.d.b./s.i., and in a few cases at up to £6 ss. These prices represent £4 10s on tmcks to farmers, a much better price than ■s»as ruling a fortnight ago, and rexi week will • d-smenstrate whether ;',-rowers will oifer to any extent at this National week generally rees a '.oosoning of supplies. Auckland at the •aoment is faced with an immediate shortage or. account of the disturbance of shipping, and orders for small lots zte commencing to come forward freely. The position is healthier than it was a week" ago, but the maintainance of the vise, is "dependent, very largely on the shipping available this next few weeks Crom the other side. Oats have jumped another Tang on the ladder., B's have been selling at 63 Id f.0.b., s.i., and A's as high as 6s 6d. As far back as December-January, when quotations were from 3s fid to 4& a bushel f.0.b., s.i., it was obvious that there would be a record short crop, and that an appreci." tion of values was inevitable. No one expected, however, that the rise, would eseeed 50 per cent., as it has done. It is believed that a fairly heavy sowing is taking place this season. If so a collapse of values next season is inevitable. Not many oats are wanted nowadays. Chaff is firm at £7 a ton to farmers. There is little doing in the seed market, but, advices from Home are< to the effect that values there of staple seeds are firm, which means that there is little-chance of stuff being thrown on our market. ' The following ar6 the quotations to bo paid to farmers at-country stations, ires of commission, sacks extra, except where otherwise stated : AVheat (new season's prices), Tuscan 5s 4sd, Hunters Ss 6id, Pearl 53 B§d> 1'.0.b., Lyttelton. Fowl "\Vheat (nominal) —5s Sd f.o.b. Chaff—£7. Oats—B Gartons 5s 6d to 5s 7d. White Clover—ls 2d. to Is 3d. Cowgrass—Sd to 9d. Partridge Peas —6s <3d. Italian Ryegrass —6s. Perennial Ryegrass—6s. Cocksfoot—Sd to 9d. Linseed—£l6 10s. Barley—-os. , Potatoes—£4 7s Gd to £4 10s. Flour—£ls 10s a ton. Pollard —£6 10s f.o.b. main ports; 10s extra, for smaller packing. Bran—£s 10s per ton f.o.b. miain ports; 10s extra for smaller packing.

POULTRY AND EGGS. Large entries of poultry ca.mo forward to tho market this week, and were high, due no-doubt to the "demand for Grand National week. [Prices per pair were:—Table chickens I 4s to 13s, hens 4s to Ss, ducks 5s to I 9te, turkeys l(k to 465, geeso 7s to os, I pullots up to 15s. The market was well supplied with ; cg-es this week, and the following wholc- ; sale, prices, .per dozen »ruled:—B'irst grade hen eggs Is 7d,' second grade hen eggs and duck o£gs Is -sd. TIMARU MARKETS. (srnau. -xo "im-nnBo") TIMAEU, -August-8. Another quiet week is 'reported by merchants, in tbo grain and produce market. Potatoes . wero a little, firmer during' tho early part of tho weok, but have dropped back' again to apathy. Nominal values aro £i 10s for whites and £3 103 for redskins. There ■is a small enquiry for seed at low ! money for local use, and apparently., a fair acreage will bo sown this season. r J3bs s-.s. Wanika took' a email shipme&t 'to Auckland on Thursday, a fair proportion of which went on consignment. Linseed is steady at £l7 on . trucks to growers for fair average quality. Prices for undergrade are correspondingly lower. Merchants ici>ort a better enquiry for rycjrrass and clover, but rain ia badly needed to stimulate tho demand. Stocks of ryegraes are practically all in merchants' hands, and aro firm at lato figures. Good cowgrass 13 retailing at lOd -to la. Prices for ryegrass range from fv. 6d to 9s 6d ;icr bushel. The demand for fowl wheat has'gemo off,, most of tho North Island ports being supplied by Australia. Ya-lues to growers aro 5s 6d or. trucks. Ch-i-ff remains unchanged at £6 15s to £7 on trucks. The dry weather is hampering offerings.. . Peas firmed slightly during tho ireek, but aro now back to the old level. Tho firsts are w-r-rth 6s on trucks. Oats aro firm for' forward <Wivcry. Tlis prico of Canadians also is hardening. Local v Gartons are quoted at Ss to 6s 3d on trucks according to quality. • The demand for seed is n:w more or' lcß3 satisfied.

DUNEDIN. (.SPECIAL' TO "THE PEESS.") ■ DUNEDIK, August 8. A sample of oats -is now e rarity. Lines suitable for seed are enquired for owing- to tho absence of offerings. Quotations aro only nominal—A Gartons Us Sd, "13 Gartons os 6d, sacks citra. The same remark- applies to wheat. Thcro is now no doubt but that all this season's yield has been disposed, of. Gco.i wliok : fori wheat is v.orth 6s 3d pc: bushel, sacks.extra. • Consignments of chaff have eased lately, but feeders are still holding fiir Bupplies. Tho quotation-is £S os for prime, ex trucks] sacks extra. .--.■. The. s-upply of potatoes is still \n excess of the demtind. Good Taieri and Stirling grown receive most attention. .Korthcrn lines arc hard lo quit at ±'6 .10s per ton, aacks'ia. FEILDING STOCK SALE. (press association- ■reix.a.ixn.) ' I'EILDIKG, August a. lncro was a Email yarding of sheep including good pens of fat. ewes and wctiierj, which wero'well competed for, and sold ,at an'advanc'o oir last'sale's rates.- Breeding owes ' wero r.oi sought after, a .number .of pens -of good four -ar.d e-x-tootho b'ein~ passed. Only a few pens of hoggets were yarded and sold at prices on a pa. r wit'j a week ago. . Somo good wethers* sold at an advance on lato sales. Over SOO head of dairy stock were yarded, the bulk being' heifers mosUy in poor condition. One pen of fat bullocks was entered, but no-store cattle. There was- no. demand for dairy cows. A.good pen of springing- heifers eold up to £l3 103. per head. . -There was very little demand for medium and poor-condi-tioncd_heifers, but better quality sold up to i'C. J-at bullocks . made £7- "l7s 6d, fat ows £5, tat Jambs 2is 6d, 03s. 9d and 27s ed, fat-ewci 4is 6d, 2ts, 26s 2d. 26s 10d, £d. 2?s ld,-Sss Sd,. and S9s, fat -wethers 52s od, 33s "Sd. 40s Id, 4Ss Id, and 455. ma'.c-in ewes, ate Ed, -black, face hogjets 20s 4d and. 22s Gd, -a-hite face hoggets Jls; e~2s and 24a 3d, ewes in lamb to Southdown rams 26s Sd, 2Ss;:' 2£i 7d and Sis. ewes in lamb to Romney rams 21s, 23s 7d and 30s Cd; empty-ewes 36e.6d, 19s Sd and 2Qa 3d, wetheK 2Ss Pd and 325, rwc-tooth ewel' in lambs 25c 6d and • 32a. •

' BASK OF ENGLAND RETURN.

~, xASLE-PaESS ASSOCIATIOS-COPTEIGH-J-) IACETEALUi- iSD JT.2. CABLB ASSOCIATIOK.) iT?ncciTcd AuOTSt Sth, 5.5 p.m.) v«!'o«in B is the Bank of. EnsUnd return fov the «ci ended Aurust 6th, compared tt, previous v,«k:- goi g £ -■

FOREIGN EXCHANGE RATES.

(pßceived August. Sth. bj p.m.; LONDON, August 7. ■lh s exchans6 rates aro as follows: Par. Aug. 5. Anj. 7.

GOVERNMENT SECURITIES. (Received August Sth, 5.5p.E.) LONDON, Augjst 7. Tba following ar» the Utest quotatioES for Government securities:

LONDON MARKETS. (xicceived August Sth, 7.20 p.m.) LONDON, August 7. Wheat cargoes aro neglected and unchanged. Parcels are steadier, with an improved enquiry. Spot trado is quiet: Australian, ex store, 53a 6d. Flour is etoady end unchanged. Oats, peas, and beans are quiet, ajid held for late prices. • -. • Sugar: Granulated, 37a 10£ d per cwfc. METALS. ..' (Received August" Sth, 10.10 p.m.) LONDON, August 7. Copper—Spot £63 18s 9d, forward £64 ISs 9d a. ton. Lead—Spot £32 3s 9d. forward £3l lis 3d a. ton. Spelter—Spot £32 7s Gd, forward £32 7s 6d a. ton. Tin—Spot £256 2a 6d, forward £2pG 7s Gd a ton. • Sib'cr—3l£d an ounce DAIRY PRODUCE. LONDON. August 7. The butter market is firm, and supplies are sailing. ■ well. New Zealand choicest' salted, 196s to 198s; Australian, 188s to 190s per cwt. TJnsalted is -vory scarce, ana tho few lots available are making about 103 premium. Danish is hardening and is quoted at about 210s. Siberian butters are arriving freely, most'y in excellent condition and quality, and aro selling at" 160 a to 17Cs, vrith some inferiors at 150s per cwt. Cheose is very firm; New Zealand, white, o<s to 965; coloured, 90s. DaJgctv and Comp-iny, Ltd., have icceiv-. cd the following cablegram from their London office, dated August 7th: "Butter—Market firm. Wo quote Danish 208s, New Zealand salted 19Gs, for exceptional New ZeaJand brands 19fis, finest Australian: salted 188s. and unailted 1965. "Chee«; —Market steady. Wo quote New Zealand white at 965, coloured 90s, Canadian c.i.f. 905." ; HIDES. I ■ "■ I . ~ ~ I MELBOURNE, August 8. Hides are firm, excepting thoie without substance, which sold in buyers' favour. SHAKES. (E&coived August Sth, 5.5 p.m.) LONDON. August 7. ' TTaihi— Buyers, 27s 6d; sellers, 29s 3d. GOLD. (Received August Bth, 5.5 p.m. 11 j LOisDON, August 7. Gold is quoted at £i 12s Gd an cur.ee. FROZEN MEAT MARKET. j Dalgctv and Company, Ltd., have receiv- [ ed th» following caDlegmm from then- London office, dated August 7th:— ' •'Frozen Lamb—Denied for New /Seacard j lamb ran? orir.cipslly on lijht-wc-.ghte. Mar- j ket verv firm. quote prune crossored lamb, Canterbury, heavy 10£ d light lljd; Korth Island, heavy lOjdhgnt lid. j "Frozer. Mutton—Demand for New .Soaiand mutton is better. Market firm. We j auote prime crossbred mutton, Canterburr, . ■heavy 7d, light 8d; North Island, heavy j 6gd. 'light 7>d." ■ j ipplication far shares in the Grey | Valler Collieries, Ltd., may be made throu-gh members of any of t-he New : Zealand Stock Exchanges. The greatest potential bituminous coalfield in New Zealand. 6

1^6.467,000 1-25.4S3.0OO Com ar:a -■ Unserves •20,366,000 •J0,951,00'i 'c liability Jv'ote circulation .. Public deposit Other deposits .. ij<y7X. &ccunti<s£ ;6.S3 ' lr/.ow.ooo 15.56 127,016,000 1-2,194.000 111.999,000 13,311,000 110.936,000 45.762,000 43,343,000 Other Eccuritiea .. TS^j.OOO^ 73,137,000 Shor* loans, GJ j bill?. 3? per cent. •er cccr.; tb rsc mcntiij

Pans, ii. t» £ 1 .. 35.225 81 .So 81.45 Brussels, fr. to £i .. ?3.5£5 90.5 85. SS Chrietiania, kr toil 18.1591 32.05 32.41 CoDe=h25«c, ir to £1 1S.153 27.43 27.76 Stockholm, kr. to £1 13.159 16.75 15.77 Berlin, marks to £1 53.15 1SJ m bil liens, billions. New York, do! to £1 4.36 4.47 i.i7i Montreal, dol. to £1 -4.SC 4.4SJ 4.48 Borne, iire to £1 .. 22.2% 101, 101* Hong Koug, et to do! ' 23Jd 23Jd Yokohama, st to yen 21.5 22jd 22£d Calcutta, ct to rpe 10 to gold £ 17jd n& •Dstermi led br tjrios of silver.

July 51. Aug-. 7. & s c_ £ 6 d Impenal ccnsoU, 2§ p.c 67 0 0 61 0 0 War Loin, 5 p.c. 1920-47 101 2 6 101 5 0 War Loan, Si p.c 1925-2S 9S 15 0 "95 13 6 Conversion loan, s'i p.c rt o 0 '77 15 0 Commonwealth, 5§ p.c. 1931-41 _.. 101 0 0 101 2 6 Commonwealth 6 p.c. 1922-37 10S 13 6 •104 7 6 New Zealand G p.c. 193S-S1 108 17 6, 103 17 6 New Zealand 4 p.c. 1929 93 7 6 95 7 6 New Zealand S£ p.c 1940 £3 12 6 S3 12 6 New Zealand 3 p.c. 1945 .. ' 70 10 0 76 10 0 New South Wales 6J p.c, 193040 ■105 2 6 106 2 6 New South Wales i *6 p.c, 1930-40 105 6 105 3 6 New South Wale* 52' p.c, 1922-13 101 5 0 101 5 0 New South \Valra i p.c, 19*23 9J 0 0 91 17 6 Now South "Wale a 3 p.c, 193C-50 S3 IS 0 £3 10 0 New South Walea 3 p.c, 1933 76 12 6 78 10 0 Victoria 5 p.c, 1930-10 103 0 0 103 0 0 Victoria 3J p.c, 1921-26 03 0 0 98 0 0 Victoria 3 p.c, 1929-40 79 10 0 79 10 0 Victoria 3$ p.c, 19-29-49 . 73 0 0 73 0 0 Queensland 6 p.c, 193040 103 17 6 103 17 6 Queensland 3ip.c. 1931 90 15 0 90 15 0 Queensland 4 p.c, 1.924 99 15 0 ' m 15 0 Q .eenaland 3J p.c. 1933 91 0 0 91 0 0 Queensland 3 p.c, 192247 7C 15 0 70 15 0 South -Australia 6$ p.c 1920-10 106 6 0 106 10 0 South Australia 3§ p.c. 1945 or after tz 0' 6 S3 o 0 South Australia 3 p.c. c 193061 12 6 61 10 West Australia 6 p.c. 1930-40 104 0 0 104 5 0 West Australia 3& p.c. 1930-35 es o 0 85 S 0 West Australia 3 p.c. 1915-35 , 81 0 0 81 0 0 Tasmania 6J p.c, 193&40 •- 106. 7 6 106 7 6 Tasmania 3£ p.c, 1920..'<0 {S3- C 5 83 5 0 Tasmania S p.c, 192040 ' .. 7G 0 0 76 0 0 Ex div.