CANTERBURY MARKETS.

Press, Volume LXVII, Issue 20215, 18 April 1931, Page 12

CANTERBURY MARKETS.

REVIEW OF PRESENT POSITION. (»y ou*. COMU*BCI»L EUITOB.) Friday Evening. In the wheat market there is not a great deal of business passing. There is a little better enquiry for milling wheat, and the price remains unchanged at 5« 3d on trucks for Tuscan. There fs also a liHIo better enquiry for fowl wheat for forward delivery. The quotation to-day for May-September , delivery is 6s 3d to 5b 4d a bushel f.0.b., s.e., and for prompt delivery 4s lid to ss. With., two boats due to leave early next week for the North Island, there is a fair amount of prompt business in potatoes at present.. The quotation for these shipments to-day is about 85s f.0.b., s.i. Generally speaking, the potato position this week has not altered a great deal, and for other deliveries the quotation to farmers is' about £3 a ton on trucks. Digging has started, and it is expected that approximately between 4000 and 5000 sacks will leave for Auckland next week. However, it will be another two weeks before digging is general, as a few hard frosts are needed to ripen the crop.

Peas are quoted at 3s 6d on trucks, but the market is very dull. The North Island has been supplied with Garton oats from Timaru up to this juncture, and there is a very limited quantity of Canterbury oats on the market. The quotation is 2s lOd f.0.b., s.i., for A's and 2s 8d for B's. Those quotations are equivalent to 2s 4d and 2s 2d a bushel on trucks respectively. The nominal quotation for Algerians is 2s on trucks.

In the small seeds section there is not a great deal of activity. A few ordors are still coming to hand from the North Island, but they aro continued only by reason of the excellent weather that has been experienced, and aro expected to c?ase any day now. Cocksfoot remains unaltered in price. In the ryegrass section Canterbury ?erennial has been firmer this week, 'he crop seems to have been absorbed, and the North Island is steadily drawing on this market. Tho quotation is 3s to 38 3d on trucks, to growers. Italian remains firm at late rates—2s on trucks to growers. No new season's crop of cowgrass in Canterbury lias appeared on the market; It is anticipated that it will be a short orop, but a heavy carry-over of second-grade seed will prevent any advance in prices. There is no life in the white clover market, and prices are not affeeted. • Ghowings rescue lias constituted a yery firm market in the south owing to the wet weather during the harvest making the crop slow coming in. Even now it is only coming in in small quantities. Tho quotation for macninedressed seed, is lOd per lb f.o.b. i Tho crop of dogstail has been a poor one of indifferent quality seed. The market has responded a little to that factor. 1 To-day the quotation is 8d a lb f.o.b 1 . It-was 64 to 6|d. , ; Quotations, r The following are quotations for produce to be paid to farmers, on trucks, free of commission, sacks extra, except where otherwise stated Wheat : - nominal—Tuscan 6s 3d on tracks. ; Hunters 5s 4d. Fpwl wheat i 6s 3d to 5s 4d for' spread delivery, 4e \ lid to 6a for prompt, f.0.b., s.e. I Oatfrr—'Algerians 2s. , A Carton's Ss 4d. B's 2s 2d. I Barley-r-Cape 2s 9d to 3s, malting I 4s. ■■■;■ Potatoes—£3. Onions—£3 15s. Chaff—£2 17s 6d to £3. Partridge Peas—3s Od. Red Clover—4d to fid (nominal). White Clover—7d to od. Italian l Ryegrass-rSs. = Perennial Ryegrass—(Canterbury M.D.) 3s to Ss '3d. Cocksfoot—-Akaroa 3d to 3Jd. Plains 2Jd to Bd. Bran—Local, £0 10s a too,- f.0.b.; shipping, £4 10s a ton, f.o.b*; 10s extra for smaller packings. Pollard—Local,■■£6 Cs & ton, f.0.b.; shipping, £4 IBs a ton, f.0.b.; 10s extra for smaller pickings. , Flour—Wholesale price, £l6 15s a ton for 2001b sacks, with the u»ual increments for smaller packings.

ASHBURTON MARKET. There hat n<it been a great deal of business pastilig during the last week. The wheat'market has not'improved. Millers appear to: have sufficient: .supplies on Hand, and are holding, off buying in the meantime. Oatis are in poor demand, on account of the poor quality offering, j Potatoes are now 'being dug, >the quality go far being is good; bat more than sufficient are coming forward to meet requirements. The market, is very dull. The following rare i quotation! for ne# season's grain to be ppid to farmers on trseks, Backs extra:—• , . Wheat—Tuscan, good milling St to 5s 3d; Hunters, St iftd ■> 4d: Velvet, Ss- 4d to 5s fld; fowl, wheat, 4s 8a; under-grad* fowl wheat, '3s >9d to 4s; seconds, 2s 6d to 3s. Ottts—A GalrtoDa. 2s , 2d; B 'Gattons,. Is lOd; Algerians, Is 9d t<o Is lid; Duns (dark), 2» 6dto 2b 9d; foed,3». Grass-seed —Perennial, Ss; Western Wolths and Italian; It 0d to 2sred clover, 4d; white teloverr 8d; . cocksfoot,. >2d> to 3d.per lb. . Chaff—-Good bright oat sheaf, £2 10s per ton. Partridge Feat —Ss fld per bushel for No. f'Pota?oei-—jWhU»» and iiakotai, £3 15't.

, DUNEDIN. I [THE PRBBB Special Service.] \

~ DUNBttttf, April' I' 7. ' ' During the - week few samples'of milling . wheat reached the market., The broken weather has stopped threshlpg ou<> of-stook, and 'odd lots'' only of wheat threshed put of stack' &re available. A large proportion of the wheat 'will' only be fowl .wheat 1 quality. consequence there, are now further, enquiries for good milling lines, and these are being placed at full milling rates. On the other hand, it isinow more difficult to make sales' of fowl whept. The present Value of fowl wheat i& 6s per bushel, tacks extra, ex truck. Dunedin milling prices are on tho basis*of 5s lOd f.o.bt, saoks 'extra, for pool lin'ei of Tuscan, with the usual. increment for other varieties. , ; The,oat market is quiet, with very little shipping On the other hamd, offerings are on the . light tide, as threshing hat been affected by weather conditions. Any lines of weight ar« saleable to millers at 2s 2d per bushel, sacks extra, on trucks country sidings. . According to reports from the south, , the cutting, of ;.some of the crops is just com*' menoing, and it will he difficult for these oatt to be" saved vin good condition. -Some, of <tlte saniples of oats, grown in the south are of poor.colftur, and low prices are ruling for these, lines. ~ ■:•■■■■■■ . Little business is being done in tlie chaff mathst. .Thei demand-.-ls only on a hand-to-mouth basis, and consignment* are more than ' sufficient to meet it. The local quotation is at present • 54 15s per ton, sacks extra,' ex store, : Consignments of potatoes have been increasing as digging 0' main crops is becoming 'general. Uwing ,to a temporary shortage, prices advanced to £i 10s per ,ton, sacks included, -for choice lines. The market hasnow weakened, and M, sacks included* ex -truck Dunedin, is the ruling quotation. ' Busineks it qulet in all lines of seeds. There is a scaroity of good lines of ryegrass, and merchants are inclined to stock up to meet the. spring trade. ... Indications point; however, to a sma-ll sowing of ryegrass in the Soath Island, and there should he sufficient good quality .seed to meet_ the demand. The now. season's dogetail crop is practically a failure in Southland, following on frosts, | aud it is also expected that there will he a shortage df white clov.er and cowgra<s. i SILVER. !

(grm rftESS ASSOCIATION—BS UUSCTBJO TJSUSOBAWI—COr**I<JKT.J ■ (Received April 17th, 8.6 p.m.) ' v - LONDON, April 16. Silver in quoted as follows:—Spot, 13|d ua owtcaS tewarf, 18& *« wwo*

YESTERDAY'S SALES.

CHRISTCHURCH. Sales on 'Change—- , • £. S, d. Comm. Bank of Aust. .. 0 15 0 Bank of New South Wales- 2615 0 Bank of New Zealand. .» ; 211 3 Dalgety and Co. 7 15 Q N.Z. Rferig, (10s paid) (3) 0 3 2 New Zealand. Breweries ... 114 1 , . 114 0 1 13 9 1 14 0 1 14 2 British Tobacco .. 19 9 ■ 1 9 10 New Zealand Drug (Jo. .. 214 0 Mahakipawa Goldfiejds .. 00 8 Okarito Mining ... 0 8 • 0,. Sales ReportedBank of New South Wales 27 0 0 Bank of New Zealand .. 2 113 (S) 211 .4 2 11 3 New Zealand Breweries v.' 1 13. 9 British Tobacco .. 1 9 9 1.10 ,0 AUCKLAND. Sales on 'Change—- £ s. d. Ins. Stk. 1983 &i per cent. 98 5 0 Ins. Stk. 1933 5| per cent. 99. 7 6 City of Auckland 4 per cent. 96 10 0 Bank of New' Zealand 2 11 9 South British Insurance . . 215 0 Auckland Gas .. 1 2 9 British. Tobacco .. 1 10 3 Kempthorne, Prosser .. 2 14 0 Waihi -Grand Junction ,„ 02 6' Waihi Mining O 15 5 ■ Mount Lyell .. 10 < 0 King Solomon .. 0 2 lj I* ( a WELLINGTON. . Sales Reported—- £ ,». d. Bank of New^South Wales 27 5 0, l\usti Provincial Assurance 0 4, 6 Tooths Brewery ■. ... 1 010 DUNEDIN. 1 Sale Reported—- £ 3. d. British Tobacco .' 1 10 0 FURNITURE AUCTION.

Hi G. Livingstone and Co., auctioneer?, yesterday submitted for sale: by auction, at their rooms, a catalogue of furniture on account of the Perpetual Trustees and Agenoy Co., Ltd., trustees in the. estate of jWr Peter Grant. There was a large/ attendaftoe ana competition wad, keen throughout/ the Kale. Prices were ,as follows :r—Mahogany table £l6 10b, walnut wardrobe £l6, walnut wardrobe £ll, dressing tabJr £2 sb, two chairs £7. two chairs £6- ss, ,'#* chairs £lB X2d itSd. card table £2 10s, sewing machine #6 2e 6d chair £1 168, ebuch £w, gramophone £7 lOe-, sideboard £i 10s, carpots £3 12s- Sd, £4 12s 6d, paintings by Balfour £4, £8 se, £l} 108, £& 10s, etchings £1 10s, Dickens' works £} 6s, Thackeray's works 17s, Phil May's Sketch Book £1 Gs. ~ v"

MELBOURNE PRODUCE. (UNWEP PRBSK ASSOCIATION—BI ELECTRIO TBIJtOfIAEH—OOPVBIOHT ) MELBOURNE, April 17. "Wheat—2a Sd, 2s 6dfflour—£6 10s. Bran —£4. Pollard —£4 10e. - Oats—ls Hd. 2> - „ 7J Barley—Emellsh 3s 6d,' -? 7.1. Maize—3s 10d, 3» lid. tallow.

Messrs A H. Turnbull and Co. sre in receipt"s? thi folio wine cablegram from their principals, W. Weddeland Co.. Ltd., dated ; 700 casks wore offered and 300 sold.

GENERAL'. MERCHANDISE, groceries. Quojatjon* t)»ve just bees received by cable "from Colombo for desicosftsd oooonut, and they are beyond doubt at * very low level. The. standard bail/ is - 1301b chests,. but half-chests and SB's are available at slightly increased prices,' .Bttyere who **• thinking ol operating should now , look into, the Question of their requirements the winter months. ■ atstt Sxtrwts. '*■, • i Jt. well-knotrolina of malt extract be* been listed at reduoed prices. It is gratifying to notice sb*t the Dominion-made lines of extract of matt hav# practically dispJaoed tho imported article. Itar» ago ls«e importations were regularly made of all malt extract lines, but th*y have shrunk fo very small figures.' • , Onions. > The Australian, onion market, which is being very carefully * watched by local growers) is going from bad to worse. Quocabled this week for f.a.q. Globes are' 45s to 60s per , ton, 1.0.b. Melbourne? with i second grades offering for local consumption there at 90s to 99s per ton. Sugar. The usual steamer iroau AuoWand .tfitn sugar arrived yesterday, about two day* Inter than expected. Looal' stocks of sugar wiring the week have been running at a low level, and early yesterday a locks worn, very short. Arrivals out of the boat were available : yesterday afternoon-and "this relieved the shortage. < v The steamer Aehburton,-, which recently:, arrived in New Zealand from Nev& York, had tp\ board a small Quantity of American Tingax. This' arrival was noli anticipated tho trade, but as the quantity l was small it did .not disturb matters. This, sugar is now far too dear {or importers to handle, ahd. the recent, landings were, W doubt, part of old contracts, .. Singapore Harkets. The market In Singapore for- pineapples, sago, and' tapioca is reported to be at a standstill. No movements of any cohsequenca have taken place recently, . steamer Narbada waa to leave this. Week, and has probably done so. .There will be wry little .business doing, in pines, -Sago, etc., until after this steamer has discharged. Buyers of these lines < are all more or, less booked up, and .they,' are not operating again until;, they, have 1 disposed at least of part of their present purohasSs. , The pepper market if also statidnary, although one exporter cabled 'that he expected it to move' up a little. The Singapore markets seem to. be .suffering from the lessened buying, power of the Eastern countries, ratherthan the European: countries.

»al<rtns. Litest cables from ..California report a firmer market for raisins. Advanced quotations, especially for,seeded iallb-paoketfl lira anticipated) and Is the' meantime sales are being made, in San Francisco for export .to New Zealand on'"subject 'to confirmation" basis. ■ Recent arrivals of new® season's MUdura sultanas exhibit- a very fine bample, and this should materially assist Sales of the lino in competition with Mediterranean fruit. '

Golden bleached . raisins, which spraftg into great favour recently,- are again commanding the highest prices for c>ll "treated'' unbleached raisins. Quotation* "were iaeusd for new season's G oldens, and. - heavy bookings «&usod the market to firm. This has continued, and this week an advance of £2 per ton was recorded in San Franoisco by eome exporting houses. Buyers of this line should bs oareftil an§ cover their ..full requirements, spread delivery- preferred, and so be sifre yt supplies. It will be remembered that toward the end of: last season supplies were/'exhausted* even after several advances in price been made 'before stocks ran OUt. v

.Tastes. , !s T w Zealand-made meat pastes are 'now Mnjr listed on « reduced basis. This fall » due to cheaper pricee ruling. for • all meat - products, i entente*. . | JTrenoh cherries, onatalliaed, are easier in I prior and this should assist ..sales., It ia just as well to point out the i very heavylanding costs attached to this line. 4 f.o.b. quotation often looks very attractive, but the landed ooefc will oauae considerable surprise to any<?ne who has not oarefully_ worked it out beforehand. ' ' > '