AMERICAN WHEAT MARKET

Press, Volume LXVI, Issue 19852, 13 February 1930, Page 12

AMERICAN WHEAT MARKET

STABILISATION EFFORTS.

(CHITXD PHE9S ASSOCIATION —BT SLBCTBW TILEOR.VPH —COFTBIOHT.) NEW YORK, February 11. Chicago wheat prices rose well f° r ° s t a h. the ten million dollar appropriation f ilisation purposes. The Farm Board al*o indicates that it had appropriated tna ( from its million-dollar revolving fun® , initial advancement" to the corpor it indicated that other I°®"® stabilisawhen necessary, in order that tno tion unit could gain complete co °' t : ve oxsurplus wheat held by the eo-operative or ganisations. winved that Members of the Farm Board be furt her new machinery . wou ' d _£ t an d would dragging o£ the gram * h fc WO uld bring wheat into a price sphere return a fair profit to the ' ts May Wheat closed:—March g e ptember 123S cents, July 124S cents, ana oep 126 i cents per bushel. . rnrnora- . The Chicago Grain StabU.sat.on tion began functioning on Tuesaay ing cash wheat in the open ma p ' ta vij s hed The Federal Farm Board ha■ a ten million dollar credit for merely tion, but this amount is bought and a preliminary sum. Ine market at held will bo sold back into sa M e with such times as are deemed advisable regard to price. the United Canadian farmers ,ook . thp ooen wheat States Government's step into Canadian market as a move in support of the oanaa a Wheat Poo.. The stabi .sat on is not a parallel of it w ;n pass on methods, but it is P rob fi abI ® the Canadian a portion of the benefit to growers.

BRITISH WHEAT SUPPLY*. (UNITED PBESS ASS°CIATION-BY ELECTRIC TELEGRAPH—COPYItIGHT.) OTTAWA, February 11. A Winnipeg message states that the suggestion thL Britain has two and a half months' Bupp'yofwheat general manager* thS Canadian Wheat Pool. He labelled the report as ' just more prop ganda."

foreign exchanges. {BETH SB OjryiCTAL WIRELESS.) RUGBY, February 11. Par. Feb. 6. Feb. 11. Paris, fr. to £1 .. 25-22* 124 02 124 19 Brussels, belgas to £1 5 34.904 34 90i Osio, kr. to £1 .. 18.159 18.21 18.21 Copenhagen, kr. to £1 18.159 18.19 i?Stockholm, kr. to £1 18.159 18.12J 18.13 Amsterdam, fl. •• 12.107 J.2.12J 12.121 Berlin, Reichmarken to £1 .. •• 19.500 20.36J 20.364 Montreal, dol to £1 4.86J 4.91 New York, dol. to £1 4.862 4.86 7-16 4.861 Batavia .- •• 12.107 Prague kr. to fl . • 24 02 164J 164 i Geneva, kr. to £1 .. 25.20 25.19J 25.20 i Milan .. ..92.40 92.91 92.90 Vienna .. • • 34.58J Hclsingfora. .. 183.28 183 J 193 i Madrid .. .. 25.22J 37.32J 37.87* Lisbon .. .. 4.50 ■ 1031 1081 Athens .. . • 25.22 J 375 375 Bucharest, lei to £1 815 .818 818 Buenoa Ayres .. 47.62 43 42g Rio de Janeiro .. 16.0 5| 5 17-32 Bombay .. .. 18.18 17 29-32 17 29-32 Shanghai .. .. 24£ 231 23 J Hong-Kong .. 24 181 *Bl Yokohama ... ..25.22 24 7-32 241

JOHNSONVILLE STOCK SALE. [THE PBESS Special Service.} WELLINGTON, February 12. There was an average yarding of all classes of stock at the Johnsonville sale to-day. The quality of the yarding of both cattle and slieep was bettor than last week. A good sale resulted, bullocks being on a par_ with last week's sale, cows and heifers slightly easier. Wethers showed an easing tendency, but ewes were sold at late rates. An average yarding of lambs met with a ready sale. Vealers were yarded in Fmall numbers, and met with good competition. Prices: Heavy bullocks £ls 15s to £l7. others £l4 10s to £ls 10s; heavy cows £IT to £l2 7s 6d, others £9 7s 6d to £lO 12s 6d; vealers £1 to £2 ..ss, heifers £l2 7s 6d to £l3; heavy wethers 27s 6d to 28s 7d, medium 26s to 26s 9d, light 24s Id to 255; extra heavy ewes to 20s, others 17s to 18s, lambs 19s to 23s 6d.

TEMUKA LIVE STOCK SALE. There was a very small yarding of fat sheep at the Temuka live stock sale held on Tuesday. Butchers were operating extensively, consequently the prices of ewes and wethers advanced about 3s per head. No stores were yarded. There was a fairly • large entry of fat cattle, a fair percentage being rough cow beef, but these were disposed of at late rates. The yarding of pigs was considerably smaller than usual, and big prices were realised. The' following are a range of prices:— Sheep—Lambs: 1 at 28s, 21 at 245. Ewes: 18 at 225, 14 at 18s 9d, 1 at 18s 9d, 14 at 19s 4d, 6 at 22s Id, 7 at 23s 7d. 6 at 23s 7d, 9 at 235. Wethers: 11 at 25s Id, 34 at 28s 6d, 33 at 28s 6d, 6 at 22s 9d, 10 at 22s 9d, 28 at 26s 9d, 17 at 27s Id, 8 at 26s 9d, 4 at 235. Fat Cattle —Cows: 2 at £9, 2 at £lO ss, 2 at £4 17s 6d, 3 at £7 10s, £7 17b 6d, £5 10s, £lO ss, £8 12s 6d, £9 2s 6d, £9 12s 6d, £8 15s, £9 7b 6d, £9, £lO 2s 6d, £7 10s, £lO 7s 6d, £9 17s 6d, £7 17s 6d, £ll 6s, £ll, £lO. £lO ss. _ Heifers —i at £l3, 2 at £9 each, £6, £8 17s 6d, £9 ss, £9, £7, £8 ss, £7 12s 6d, £6 17s 6d, £lO 15s, £9. Steers —2 at £5, 2 at £6 12s 6d, 2 at £9 2s 6d, 2 at £B, £l4, £l3 12s 6d. Stores —2 vealers at 255, 1 empty heifer £4 2s 6d. Dairy—i Jersey cow in calf £ll, 1 Jersey cow in calf £11; springing heifers, £8 12s 6d, £8 17s 6d, £9 6s, £9 15s; springing cows, £6 7s 6d, £6 10s. Pigs—Weanere from 15s to 28s, stores 355.

BURNSIDE MARKET. (passs ASSOCIATION TJtLEdH AM.) DUNEDIN, February 12. Tier© was a noticeable advance in the prices obtained for fat cattle, sheep, pigs at the Burnside sales to-day, ■while lambs were a shade firmer. Fat Cattle— 'Very few prime bullocks were included in the fat cattle yarding, which numbered 200 head. The sale opened firm at an increase of about 10s a head as compared with last sale's rates, prime heavy bullocks selling from £2O 15s to £2l 12dF 6d, while heavy heifers sold from £ll to £l2 7s 6d, and heavy cows from £l2 to £l4. Prices were equal to about 42s 6d for 1001b for light cattle, 25s for cows, and about 40s for good heifers. In the third last 'race one prime bullock sold at £2l 17s 6d, the balance of the truck averaging £lB a head. . Pat Sheep—lncluded in the yarding of 1552 fat,sheep were about four trucks of extra prime wethers. The balance of the entry was made up of light wethers, extra heavy ewes, and a large proportion of old and light eweß. The sale opened at prices on a par with last week's rates, but owing to _ the presence of an outside buyer prices quickly advanced 2s a head for wethers, and about Is a head for ewes above the rates obtained at the previous sale. Extra prime wethers sold from 85s to 36s 6d, light sorts to 3S* 7d, extra heavy ewes from 25s to 27s 6d, old ewes from 18s to 22s a head. Prices were equivalent to sld per lb for wether, 4Jd per lb for good young ewes, and 3ld per lb for old ewes. Pat Lambs—Few extra prime animals were included in the 450 lambs offered, hut the bulk of the yarding comprised light and also well grown sorts. Butchers competed keenly for good heavy lambs, and export buyers paid attention to light sorts. Prices were firm, and good, prime lambs sold from 29s 8d to 31s 6d, medium to 25s 9d, unfinished to 21s. These prices were equal to about Bld and 9d per lb. Store Cattle—The entry totalled 220 head, and comprised a large proportion of cows, mixed young cattle, and 20 three-year-old steers. The demand was not keen, and prices were unchanged. A line of steers sold to £ll a head, one and a half year steers to £7 ss, cows from £7 to £8 10s. Pigs—There was a medium yarding of pigs, and the whole entry met with keen competition. About 79 fats and 45 stores were offered. Prime baconers and porkers sold at an advance of about 5s a head. Stores were also firm. The average rate ppr lb for baconers and porkers was B|d and 9d respectively.