CANTERBURY MARKETS

Press, Volume LXV, Issue 19667, 10 July 1929, Page 12

CANTERBURY MARKETS

JUMP IX POTATO VALUES. (BT OUR COMJtEaCIAI, EDITOB.) Tuesday Evening. The potato market has jumped since the week-end report, which showed that on Friday £o 15s a ton was being paid for prompt potatoes, an improvement of 7s 6d on the week before. To-day prompt delivery was sold at £6 2s 6d to £6 os, or approximately an advance of 15s a ton in the space of a week. July delivery, which was mentioned at £5 17s 6d to £0 in the week-end report, is now quoted at £6 12s 6d to £6 los. Some sales have taken place at this pi ice for July-September, but there is a general stand-off policy in regard to later months. All deliveries have advanced in pric? by 15s to 20s a ton during the weak. The main factor is the increased volume of enquiries from Auckland. Forward operations and consignments have kept the market supplied there without any need for merchants to concern themselves, but apparently this source of supply has ceased, and northerners are compelled to come on the market with something of a rush. Boards are bare' there, as they are at Lyttelton. A second factor is that growers have been sitting fairly "tight" on their holdings, and the actual potato is not easy to secure j at the moment. This afternoon £5 5s was being offered for whites on trucks, this price being exceeded in the case of near-by stations. The Waipiata took 3800 sacks from Lyttelton on Saturday, in addition to 3700 from Timaru. The Wingatui is due to leave on Monday, and Auckland enquiries in regard to this boat's supplies are numerous.

i A factor in the confident position the grower has taken up is that in some districts blighted potatoes are numerous, and a fair amount of rejection has taken place. This is scarcely a general condition, but it is a factor in the present hardening prices. The market at the moment is very excited and dwarfs all other produce lines. Both the milling and fowl wheat market is dull, and the big return recorded is not likely to improve matters. The gross yield, according to the interim returns, is 8,818,000 bushels. From 5s 8d to ~>s 9d a bushel on trucks is quoted for milling, and 5s 7d to 5s 7-Jd f.0.b., for fowl wheat. Quotations. The following are quotations for produce to be paid to farmers, on trucks free of commission, sacks extra, except where otherwise stated : Wheat —os 8d to 5s Bsd a bushel for Tuscan, to 5s lOd for Hunters; 6s 3d to 6s 4d for Pearl; fowl wheat, 5s 7d to 5s 7*d f.o.b. Oats—Cartons 2s od to 2s 9d a bushel; Algerian 2s 3d to 2s 6d; Duns 2s 8d to 3s. Chaff—£4 a ton. Potatoes—£s 5s a ton. Onions—£4 to £4 10s a ton. Red Clover—6d to 8d per lb. White Clover—9d to 12d per lb. Partridge Peas—4s 9d to 5s a bushel. Perennial Ryegrass—To 4s 6d a bushel. Italian Ryegrass—3s M to 4s a bushel. Cocksfoot —7*d to BJd per lb. Linseed—To £ls 10s a ton. Bran—£6 10s a ton, f.o.b. southern ports: 10s extra for smaller packings. Pollard—£B a ton, f.0.b., southern ports; 10s extra for smaller packings. Flour—Local wholesale prices £l6 5s a ton for 2001b sacks, with the usual increments for smaller packings. Price for shipment, £l6 5s a ton, f.o.b. AUCKLAND. [THE PRESS Special Service.J AUCKLAND, July 9. The chief feature of the local grain and produce markets has been the sharp advance in the price of potatoes. The Katoa. which arrived last night, brought only a small cargo to a bare market. In consequence of the temporary shortage, prices have advanced 10s to 15s per ton for spot purchases. The forward market, too, is quite firm, though local merchants do not anticipate difficulty in filling requirements at reasonable prices. However, at the moment it is necessary to pay 10s a ton more f.o.b. than it was a week ago. Onions, like potatoes, have firmed up considerably during the past few days. Last week good Pukekohe onions could be purchased at £8 per ton on trucks. To-day holders are asking £lO, and getting it. The price ex store here is 12s to 14s per cwt. There are still a few Canterbury offering at lower prices, but the quality is indifferent. Contrary to expectations, the oats market has slightly eased, though not sufficiently to warrant a change in local quotations. Chaff. on the other hand, continues very firm, and merchants can readily demand £9 15s per ton ex store for prime quality. The wheat market remains stable at 7s 7d per bushel ex store. There has been no change in the maize market since last report. More of new season's is offering, but storekeepers in the City prefer to pay the extra Trice for last season's grain rather than to take the risk associated with immature grain. Pollard and bran are in full supply, and are meeting fair demand, with rates unaltered. Wholesale current price 3 are:—Sharps and bran, mill prices, sharps £9 10s per ton, bran £8 per ton; merchants' quotations, ex store, southern and Australian pollard £lO 10s to £lO 15s, bran £8 10s: oats, feed. B Gartons 4s 6d per bushel, A Gartons 4s 9d, clipped Duns 5a 6d to 6s, clipped Gartons 5a 3d; fowlwheat, 7s 7d per bushel: maize, ex store, 7s 3d, new season's 6s 9d; Barley, feed, 5s 9d per bushel, seed Cape barley 6s 6d per bushel; maize meal, 14k 6d per 1001b; barley meal, 13s per 1001b; chaff, g.b.0.5., £9 15s per ton; prime Canterbury potatoes, £8 10s per ton; onions, 12s to 14s per cwt.

RANGIORA MARKET. A yarding of 436 fat lambs, 88 fat ewes, 13 fat wethers, 522 store sheep, 8 head of cattle, and 14 pigs comprised the Rangiora stock market yesterday. For the time of the year business was satisfactory, a cow being the only passing. The sales were:—33 fat lambs at 25s Bd, 34 at 25s 2d, 22 at 25s 4d. 40 at 27s 2d, 21 at 27s 6d, 24 at 27s Id. 26 at 27s Id, 7 at 23s Id, 53 at 26s lOd, 21 at 29s 4d, 143 at 245, 12 at 27s 4d. Ten fat ewes at 25s 4d, 5 at 26s 3d, 2 at 21s, 4 at 235, 24 at 20s, 3 at 26s 9d, 33 at 25s lidEleven fat wethers at 35s 7d. The stores disposed of were: 51 sound-mouth ewes at 20s, 45 at 20s, 152 at 23s 6d. 60 at 30s, 59 at 28s. 87 at 295, 87 at 36s 6d, and 15 wethers at 2Ss. In the cattle yard springers made JEIO 15s to £l3 2s 6d, and a store cow £6 10s. Weaner pigs made 6s 6d to 14s, and & porker 41s 6d. Poultry—Roosters sold to 9s 6d a couple, hens 6s, pullets 9?. Skins,, etc. —Half bred sheepskins realised 10s, crossbred Bs, hogget 7s, wool 13d lb. | crutching3 6Jd. calfskins 4s 6d, hides 6Jd lb, fat 2|d. horsehair Is 6d. In the produce yards wheat sold to 20s a sack, oats 13s, barley 15s. oatsheaf chaff 4s 6d, straw chaff 2g 6d, potatoes 8s to 12s. swedes Is a petrol tin, parsnips Is 6d to 2s, carrots Is 6d to 2s, onions 2s, cabbages Is 6d to 3s 6d a dozen, marrows Is 6d to 5s a dozen, apples 5a a case. A.M.P. BONUSES. Last week the Australian Mutual Provident Society issued its annual bonus certificates showing the reversionary bonuses (that is to say, additions to the sums assured) under participating policies in the Ordinary Department, in respect of the year 1928. The bonus allotted to each policy is, in every case where bonuses have been left intact and the policy has not been altered in any way, the same as, or a little more than, the bonus allotted to that policy last year, yet on account of these small increases is bonuses and the large increase in the business in force, the total of the reversionary additions for the year exceeds that for the previous year by over s quarter of a million pounds. The amourrt allotted in bonuses, for one year, by this society. £5,240,000, is better appreciated when it "is realised that not many life insurance offices in Australia write as much as that in new sums assured in a year. The certificates show not only the new bonus for the year, but also the total of the bonuses previously declared and still in force. These two amounts have to be added together to get the total amouat of reversionary bonusea is force.