CANTERBURY MARKETS

Press, Volume LXV, Issue 19724, 14 September 1929, Page 14

CANTERBURY MARKETS

OATS FOR AUSTRALIA. (BT OUB COmtEECIAL KWToa.) Friday Evening. The potato market has altered little since the mid-week. Yesterday it dropped to £6 os f.0.b., s.i., for September deliveries, there being some business at that figure. However, today sellers were asking £6 106, at which figure there was a little trading. Octobers, which were down to £6 10s, are now at £G los, with sellers scarce. The Katoa on Wednesday took a total of 8360 sacks from all southern ports, and the Kurow on Saturday is expected to take about 3000. Northern reports describe a very "sick'' market condition. Heavy auantities from the Wingatui are still on the wharf, and this afternoon it was reported that the best offer ex-wharf was £7, but this possibly was for notatoes that had not passed the grader. However, as it makes the parity value here about £5 7s 6d. f.0.0., s.i., it does not disclose a very healthy position.

Auckland in the meantime is not interested in southern prices, and there is a possibility that with the glut disappearing so slowly the disposal of a proportion of the tubers to the northern centres may eventuate. This would further restrict in the immediate future the southern outlet. The Pukekohe crop is likely to be later this year on account of the wet weather, and potatoes from that quarter may not be available until the mifidle of November. This should lengthen the season for southern supplies. There is little selling by farmers at present. Oats Being Exported. For some months the possibility of oats being exported to Australia on account of the drought has been discussed, and merchants have been in receipt of numerous enquiries, both from Melbourne and Sydney. However, the reports of the rains abolished the expectation, in addition to which the margin for export did not appear to be present. This week, nevertheless, a shipment of 20 tons will be made by the Waikooaiti from a southern port to Sydney. Local prices are 3s 9d to 3s 10d f.o b., s.i., for A Gartens and 3s 8d for B's. Seduced Wheat Freight. Merchants were notified yesterday afternoon that the freight rate on wheat to the United Kingdom had been reduced to 25s a ton for the ] months of September and October, | increasing to 27s 6d in November. There is no change in the local wheat market. The Pool price for milling is 6s 5d for September. A steady disposal ia going on. Fowl wncat ia worth 5s lid f.o.b. Small Seeds. The small seeds market continues firm for most classes. White clover is worth 140 to 150s per cwt for machine dressed, or l'Od to 12d to farmers. Ryegrass and Italian show no change, and both are in very short supply. They are worth up to 7s and 6s, f.0.b.. s.i., respectively. Ccchtfoot has been sold at 13Jd per lb for lnuc^iii; dressed. Dogstai) has eased to 7d per lb for dressed seed. English cables indicate low values for dogstail and red clover, and there is no likelihood of either or these products being exported Home. Supplies are more than requirements in the Dominion. Quotations. The following are quotations for produce to be paid to farmers, en trucks free of commission, sacks extra, except where otherwise stated: Wheat—ss lOd a bushel for Tuscan, to 6s Id for Hunters; fowl wheat 5s lid f.o.b. for prompt. Gate —Oartons —3s Id to 3s 3d a bushel; Algerians, 2s lOd to 3s. Chaff—£4 5s to £4 10s. Potatoes —£5 10s. Onions —£7 10s a ton. Red Clover—sd to 6Jd per lb. White Clover—lOd to 12d per lb. Partridge Peas—To 4s 6d a bushel. Perennial Ryegrass—4s M to 5b a bushel. Italian Ryegrass—4s to 4s 3d a bushel. Cocksfoot—To 9jd per lb. Linseed-To £ls 10s a ton. Bran —£6 a ton. f.0.b., southern ports*. 10s extra for smaller packings. Pollard—£B a ton, f.ob., southern ports, l(h extra for smaller packing* Flour—Local wholesale prices, £l6 8* a ton for 2001b sacks, with the usual increments for smaller packings. Price for shipment, £l6 fis a ton, f.o.b. OTAGO. [CBB PEBftS Special Service-! DUNEDIN, September 18. Wheat—There is no chance in the milling ! wheat market, and it is not expected that there will be much alteration antil the sew crop commences to come in. Practically no stock* are held in local stores. Prices remain unchanged at 6s per bushel for Tuscan, sacks extra, country sidings, 6s for Hunters, and 68 fid for Velvet. Breaks in the weather | ore preventing farmers from getting on with wheat sowing, and not a great deal of seed wheat ia being delivered to the country in the meantime. The fowl wheat market remains steady. Best quality is still realising 5s lOd per bushel, sacks extra, ex store. Oats—Dunedin supplies of oats are now getting into short compass, and distributing merchants are finding it difficult to obtain sufficient good oats for seed purposes. Forward buyers are still in the market to cover their commitments, and they have to pay higher values to get oats they want. The general quotation is 8s lOd f.0.b.5.1. for A'«, and 8s 8d for B's. Chaff—Consignments of chaff are equal to the demand, which is on the small side. Good quality is worth £6 per ton, sacks extra, ex truck, and £6 6s ex store. Potatoes—The market is in a depressed state. Holders are anxious' to quit stocks, bnt there are not many buyers operating, those that are confining their purchases to small lots only. It is now difficult to maintain values, and only freshly-picked l!n»g are saleable. These can be quoted at £8 10s per ton, sacks included. Other sorts are unsaleable. Seeds—Byegrass is firm, and several sales have been made to Australia. The North Island is also buying. nn<l prices have advanced to 7s per bnshel f.0.b., sacks extra. Cocksfoot is also firm, bat other lines are slow of sale.

SOUTHLAND. (special to the PKESs.) * INVERCARGILL, September 13. Oats—The market for shipment seems to have improved. A Gartons are worth 3s lOd per bushel, f.0.b:«.i., and B's 2d per bushel less. Local merchants have very few grade oatn to dispose of, and the bulk of these will be required for the local seed and feed trade. Offerings from farmrs have practically ceased. Prices are nominally Ss to 3a 2d per bushel for A'*, with B's proportionately less. Good Duns are in demand at op to 3b 2d per bushel. Seed oats are now commencing to go out to farmers, and if the weather is favourable during the present month the bulk of the seed oats will be dispatched for sowing. Wheat—There is no business passing except for the local poultry trade. The price to farmers is 5s 9d per bushel for Tusean and 6s 3d for Velvet, but there are no offerings. Chaff—This ia offering fairly freely at the present time. In most cases, however, the colour is inclined to be on the dark side, although the quality is rood. Up to £4 6s per ton on trueks. country stations, is being Paid for good bright quality. mJS?*™" — »m very ahort, and P°« Bes » on'y sufficient for the re-t£J-i At i rhe P rice {aT shipment has been J?""' 0 * from 6s fid to 7s per bnxhel. the "a P " ce bein * fop kwry-weight linea of ■ °°d eerm.nation. C-rin™ from f*r m = rs ..i..-* e f Me ™' ' n * Probably the whole of meiloeal .. 5, to i^ wUI be «!•»«* up by the from J?**" *° ,lmn "» ™ n «" £♦!? 8d t° 4 * M *»«* bnshel. is ««!. , es T"J h ' B m ***e* Has a-rain eaeed. It fr . om Canterbury that the f.o.b. ms^± t ,s onl ? £6 I( > s P« ton. and eon ~ B<l,lr "Vl ,e ,oc »> nri «« to frrmers *« ' £ n » r . educed scale. The value to-day Certain «-J° D °? * raek «- country stations. «£*s*£& .'• riet '?f **" »•« coming in fSg&r K"e3asr«s: