WHEAT VALUES.

Press, Volume LXII, Issue 18631, 4 March 1926, Page 10

WHEAT VALUES.

FARMERS' UNION REPORT.

TUSCAN WORTH SEVEN

SHILLINGS.

.-it the meeting of the North Canterbury Executive of the Fanners' Union, held on February 21th, the question of the price of wheat was referred to the Agricultural Committee, which was instructed to. meet a week after the executive meeting- The Agricultural Cominittae consequently met yesterday under the chairmanship of Mr W. W. Mulholland.

The committee's leport, communi-cated-after the question had been discussed for some hours, was as follows: —

Based upon the present price of flour, the. milling quality of this year's wheat, and the prospective profits from bran and pollard, the committee is of opinion that Tuscan wheat is worth 7s f.o.b. to-day—Wednesday, March 3rd, 1926. N MANAGER RESIGNS. N.Z. FARMERS' CO-OPERATIVE ASSOCIATION.

Mr W. T. Esson lias resigned the general managership of the New Zealand Farmers' Co-operative Association, in order to accept an important position with" a North Island firm, which has its head office in Wellington. The resignation will be considered at a full meeting of the Board early next week, and until then Mr. Esson will not know when he will leave' the of the Association. Mr Esson.' joined the F ariners' Co-op. as assistant manager, and since the retirement of Mr A. W. Jamieson he has held the position of general manager. He took control in a difficult time, in the crisis after the slump, and gained the confidence of shareholders. Mr Esson was formerly in .the sen-ice of the Bank of /New Zealand.

AUCKLAND MARKETS

(SrECIAL TO "thb pbbsb.'')

, . AUCKLAND, March 3: Potatoes—Supplies are arriving in good order, end there is every judication that thero will be plenty ,to last until the new season's are read? in Canterbury. The local : quotation is, now.. £9 ex store, and it is not likely that - rain; during the •week-end -will make: much' difference to supplies, as regular " digging was already in progress. Onions—Stocks aye very heavy, but tronble , i»' that" the condition ia erratic. Too many growers appear to have gathered' their onions while they were still damp, and unless they are really; well hardened off they .will not keep when bagged. . Merchants are asking -£ll e.x. store, and they are not-excited by numerous, rumours' of expeeted. export, as it seems unlikely that much will, go away except to the Islands. Possibly a. few will go to Honolulu. The ' lonta took a. fair quantity on Saturday. ■ The Niagara bronght another lot of Gsn&dian, oats, and these ore selling at 5s ;9d.ex store;,. They are of good quality, so that inercSants ar'» not taking much interest in .southern,. of "which small quantities • o£ - old season's, are selling at the. same price .Ohaff—Price is firm at 12 s 6d ex store for beat"Blenheim or Canterbury. The market Js .rather short until the arrival of Australian chaff'aboutthe end of the month', and this is expectfld to sell at lis. A vessel is .now loading,and is reported to be already boo*fl4 s. 'iuU «hip,. so that there will be no; difficulty itt selling all for which space has.' £eei» Merchants are expecting ts *eeeiv« aatnples of local chaff shortly. JWheat—How that the duty has beftn taken off, fowl; wheat, th» pr!cß is lower again, jradsome excellent samples of Australian are 'selling, at. 8» 6d, There should be no scarcity for - .the. future, for merchants can import Australian regularly, and will b» inclined to neglect, southern, u long as they get tho quality that has been coming from Adelaide , Ifcktfy;'-;'.''.' i Brtn »o<i Pollard—Local milling seems liardly 5 suffleSent for alt requirements, and a h .bsingr Imported, although . jt tfiH. require to Hell at above the pries of '•lwali Jt i« expeeted that these importations . w»H\e.ontinn»t especially in, bran,-as this is a good deal during the winter for - dairyeowo. v liaijft-—No Coast maize has arrived lately, a small .quantity of . South African is ae Hi tig at SsSd.ex store. A further shipment is expected to arrive about the middle of •the month.'

BURNSIDE MARKET. ' . ■ ____ * 1 (BBSSS ASSOCUTIOK TELIOaAIi.) DUNEDIN, March 3. At the Burnaide market to-day, fat cattle and aheep vera easier, whereas lambe were »ii>. a. trifle, and, fat piga wot® tinner by about Ss* per head.. Fat' Cattle.^ —Therefore 240 forward, compared'with 287 last week. Soma nice bullocks and heifers were in the entry,-,which was of average size. Medium and prime.cowa and unjMashed waleers, however, were in good : supply. The', market waa easier; Handyweight prima ox beef sold at up to 30a per 1001b,-plain ox and medium" quality ox | beef, to.". 85s, heilera to 80s, 'cows and light heifers 20s to 355. Prime bullocks realised from £l3 to.' £ls 10s, medium from £9 to £ll, / while other jpricee heifem £7 2s 6d to £S 10s, oows £5 10s to £7 10b. Pat- Sheep.—There was a yarding of about . 3200, . compared with 1607 last week. . The proportion of heavy- wethers was large, though there fair sprinklings of medium ewes and- plain we>taera. At the .opening, pricea, tvere l«;6d down, and they eased 1 ikhbthw" «fiSKng. Bates were practically on 5 a pa,r 'with those- of* two weeks ago. Light and hahdyi-weight -wether mutton sold on a t , basis.of sd; to 5Jd per. lb, prime heavy-weight vretkera 4Jd, extra prime jewea 4d, and light ' and aged ewes 'BJd. Ertra heavy' wethers brought from SBo 3d to 40s, lighter from i' 3.U 9d I<> S6s, medium frorh 26a to 27a 6d, • prim# heavy ewe*': realised up to 28a 9d, medium from 183 6d to 22s 6d, light from •12s 9d to-: 16s. 'Lambs—There was a email ■ entry of about 440, compared with 848 last week, and 1254 a. fortnight , ago. The yard&g was a mixed one, including a fair number of unfinished animals and compara'ively few prime freezers 6f ,the desired weight. Butchers were keen buyers, taking the heavier cl&ssea of lambs at, from last week'# prices to Is more. Extra heavy 1 lambs made from 37s 6d to 28s 6d, -prime from 25s 6d to 275, medium from 23s 6d to .24e. Prime lamb sold on the basis of

9d r to 9sd pw lb. ' •' . , Store Cattle.—There wis a very big yard'ing of S9O, composed'practically of cows of varied qaality and young cattle of medium olass, few bullocks being penned. One line oi seventeen head of mature bulkck3 from the north wa» passed in at £ll 17a 6d. Prices for other classes were scarcely changed, if anything having atendenoy to ease. ' Ptfps—Therti was a penning of 106 fats and sixty-one stores. Baconera and porkers were in keen demand, and there was an all round ri«® of about 6a per head.. Tho prices ; brought by stores were a shade under last week's.

WHEAT. (St CASUS—IBESB ASSOCIATION—COPYRIGHT.) '.AtTSTAALIiS AJSD Sf.Z. CABUt ASSOCIATION.} 1 M&roh 3rd, 7.10 p.m.) LONDON, March 2. cargoes sun dull *t 6d to la decline, caue«l lick of buying due to larger American reserves than were expected and th» Anlftric&n weakness. I'ateela «r» jiaUt and similar decline has b*en shows, in liiverpool JTaluien, whiob. , alfi qtfoted: March (sellors), 10« ad; May, ' 18s B|d: July, 10a 7gd per Injahel. (Received March' Sra, 5.3 p.m.) XF,W YOBK, March 2. Chicago wheat quotations are: May, (new), old IS6J; July, 1393; September, , 13S| cents, per bushel. . . LONDON MARKETS. k'' .' ' - LOKDOK, llarch 9; ' , , Sfcfc&a oi tin amount to 15,101 tona, of Which 803 toiia are on spot and 1355~ aflc«t, during February totalled 1731 tons. ;*a .JBuWjw stock*. inLojjdoa totjtl 8733 tons.