CANTERBURY MARKETS.

Press, Volume LXVII, Issue 20334, 5 September 1931, Page 12

CANTERBURY MARKETS.

FURTHER POTATO EASING. (BY OUB COUHSttCIAL XDITOB.) Friday Evening. It would seem that potatoes at 35s a ton, sack and rail included, could not go any lower, but yesterday they were dealt in at 32s 6d. Farmers are being paid 17s 6d a ton, but the sacks are included, so that the net price, with sacks at sd, is approximately 13s a ton. This is the lowest figure quoted so far, and Bales have taken place at a few shillings more, but nobody in the trade at present can remember such prices. The, North Island is receiving all the potatoes it needs from consignments. Good milling wheat is scarce. Fowl feed has been sold at 5s 2Jd f.0.b., s.e. Oats, chaff, and small seeds are attracting littlo attention, though a small business in seeds is taking place for spring sowing. Quotations. The following are quotations for produce to be paid to farmers, on trucks, free of commission, sacks extra, except where otherwise stated:— Wheat—Tuscan, 5s 5d on trucks; Hunters, 5s 6d to 5s 7d. Fowl wheat, to 5s 2Jd prompt, f.0.b., s.e. Oats—Algerians, 2s 3d; A Gartons, 2s 6d; B'b 2s 4d. Barley—Cape 2s 9d to 3s, malting 4s. Potatoes —15s to 17s 6d a ton Chaff—£2 15s. Partridge Peas—4s 3d. Red Clover—6d to 6Jd. White Clover—Bd to 9d. Italian Ryegrass—2s. Perennial Ryegrass—Canterbury, 3s to 3s 3d. Cocksfoot—Akaroa, 3d to 3sd; Plains to 3d. Bran—Local, £5 a ton, f.0.b.; shipping, £4 a ton, f.0.b.; 10s extra for smaller packings. Pollard—Local, £6 a ton, f.0.b.; shipping, £4 10s a ton, f.0.b.; 10s extra for smaller packings. Flour —Wholesale price £l6 12s 6d a- ton for 2001b sacks, with the usual increments for smaller packings. DUNEDIN. [THE PRESS Special Service.] DUNEDIN, September 4. '"There is very little to record in the milling wheat market. Prices remain unaltered" at 5s lOd f.o.b. for Tuscan and - 6s for Hunters. So far as values for fowl wheat are concerned, there is a slight firming, and 4s lid f.o.b. is obtainable for limited quantities for prompt shipment. This shcuyg an increase to farmers, who are now receiving 4b 7d, sacks extra, ex store, for wheat that will grade good whole. In spite of the firmer feeling in the oat market, there is no actual change to record. Few orders are being received, but shipping quotations remain firm at 2s lOd f.0.b., s.i., £ or A's, and 2s 7Jd for B's. For extra heavy oats a higher price is being paid to farmers. The quotation to farmers is Ss 2 Ai IoT ordinary A's, sacks extra, country sidings, while B's are worth It lid to 2s. The quantity _of oats held in stores is still small. A fair amount Ijs now being railed away for seed purposes, especially to Central Otago districts, where oats for sowing' are'scarce. r A limited demand continues; for chaff, with transactions practically (confined to small lota ex store. For this SA 10s, sacks extra, is obtainable. Only an occasional sale of truck lots is taking place, the quotation being £4 per ton. The demand is eonfined to go6d quality, there being little enquiry for medium and light. The price for the, latter ranges from £8 to 23 10s per ton, sacks extra. • The ■ distributing trade for potatoes continues poor. Only freshly-dug lines are sale-, able at prices ranging from £2 to £2 10s per ton, sucks extra. The wholesale seed markets are qniet, with little business pMsinff., Quotations remain unaltered for choice lines, but holders of inferior and light-weight ryegrass and dogstail are, showing anxiety to sell. This class of seed is, however, difficult to sell, as the bushel weight is well below the standard. ASHBURTON MARKET. ' ■ . —— Only occasional lines of wheat have changed hands during the week, mostly for millers who were short of supplies. The fowl wheat market is slightly firmer, but few orders are .The oat position is unchanged. Sufficient supplies are coming in for immediate requirements. Duns and Algerians are dull of sale. Only occasional lines of chaff aro being disposed of, values being about £2 10s per ton. The potato market is lifeless, and growers will be only obtaining bare handling costs. The following are quotations to be paid to farmers, on trucks, country stations, sacks extra:— Wheat—Tuscan, good, milling, 5s 8d to Cs 4d; Hunters, 6a 3d; Velvet, 6s 8d; fowl wheat, 4s 8d; under-grade fowl wheat, 8s 6d to 4s, seconds 3s 6d to 4s. Oats-—A Cartons'2s 4d, B Gartons 2s,' Algerians 2s to 2s Bd, good heavy dark Duns 2s 6d to Bs, feed 2s. \ . Grass Seeds—Perennial 3s to 3s 6d, Western Wolths and Italian 2s 9d, red clover 4d, white clover Bd„cocksfoot 8d per lb, linseed £6, on tracks. / . Chaff —Good bright oatsheaf £2 10s per ton. .• , Peas—No,. 1 Partridrfe 4s, f.a.qi 3s 6d. Potatoes—Whites and Dakotas 15s per ton. FEILDING FREEZING WORKS * - THE SALE TO BORTHWICKS. Tlie reported purchase''of the Feilding Farmers':' Co-operative Meat Works by Borthwick and Sons, Ltd., adds materially to the strength' of the firm along this coast, says' the J'Dominion." Assuming that the shareholders of the Feilding. Farmers', .Company accept the offer, the terms-of. which have noi been disclosed, Borthwick and Sons will own three works along the line from the Wairarapa to Waitara. They also own the meat works at Waitara, which they have held for- some tipe. Two or three years ago they purchased the Waingawa works near Masterton. The acquisition of the. Feilding works is not really an addition for the firm owned the Pakipaki works in Hawke's Bay, which were destroyedv by the earthquake on, February 3rd last, and is not to be rebuilt. During the past ten years a great many freezing works in the North Island have been thrown dut of commission; In the war period, several co-operative concerns came into existence, especially in' the. North Island. When conditions reverted : to normal. it was speedily, discovered that the number of freezing works was in excess -of requirements, the competition became very keen, and. the co-operative freezing companies were soon in difficulties. From one cause or another at lpast six freezing works have ceased operations, among these being Pakipaki,' destroyed by earthquake, WairOa .freezing works, destroyed by fire, the works at Taihape, Whakatane, Gisborne, and Hick's- Bay, and the Kakariki works near Feilding, owned by the Wellington' Meat Export Company, which ■have been out. of commission for several i years.: WHEAT. I ENGLISH PRICES. (UNrrKP PRESS. ASSOCIATION'~-*Y KLCCTBIC TELEGRAPH—COPYRIGHT.) •/; • _ - -. - -.. I LONDON, September 3. are dull and unchanged. Parcels are 3d easier. Futures:— Xondon—September 16s 2d, December 17s 2d, February 17a lid per quarter. Liverpool—October 3s Bd, December 3s lOld,. March 4s Id, May 4s aid per cental. The spot-trade is Blow, and prices are most!? lower." /Australian; «<• ship, 30s .to . 22» ,6d.. r ■, '■

only one quote is given. i OTHER QUOTATIONS.

t No interim dividend, December, 1930. . ' . „ > Interim dividend at rate of 5 per cent, p.*.: b, interim dividend at rate of. 6 per cent per annum: c. interim dividend at rato of 8 per cent per inaum; d, interim dividend at rate of 9 per cent, per annum: e, interim dividend at rate oi 10 pel cent, per annum; f, interim dividend at rate of 12J per cent, per annum. Where no approximate market is' given, return i» worked on mMI-market price unliws

WELLINGTON. ■ Sales Reported—- & s. d. Four and half per cent. * Stock (1938) (3) 95 0 0 Electrolytic Zinc, fpref.) ... 014 6 Mt. Lyell ... , .1. 016 9 THE, FRUIT MARKET. CHRISTCHURCH. Slightly lower prices hare been realised for vegetables during the week.' Owing to the warmer weather, heavier supplies are coming forward. Sales of apples hare also been Blow, inferior quality being practically unsaleable. A shipment of Sydney fruit came to hand during the week, and arrived in good condition. Prices were on a par with those ruling last week:— ' The average prices received at auction for the week 'ending September 1 4th, 1931, were:—Apples, local, per case up to 7s 6d; apples, Delicious, per case, 5s to 0s 6d; apples, cooking, per case 4s to ss; lemons, Mildura, per case up Jko 20s; mandarins, per case up to 12s fid; oranges, Sydney, per case up to ISs; oranges, marmalade, per case 7s 6d; passions, Sydney, per case 10s; pine-' apples, Sydney, per case up to 20s; pears, dessert, per half-case up to ss; beet, per dozen bundles up to Is; cabbages, per dozen up to 4s 6d; cauliflowers, per dozen up to 4s; carrots, per dozen up to Is; cucumbers, hothouse, per lb Is; celery, per dozen Is, to 4s; leeks, per dozen Is to 2s 9d; lettuce, - per_ dozen up to 4s 6d; potatoes, per sugar bag Is; onions, local, per sugar bag 2s' to 4s; parsnips, per dozen 1b; potatoes, per sack 8s to 4s; sadishes, per dozen Is; rhubarb, per dozen 10s to lis; spring onions, per dozen Is to is 6d; turnips, per dozen ' Is; Spanish, per dozen 2s 6d; swedes, per sugar bag, local Is, south Is 6d. DUNEDIN. / / [THE PRESS Special Service.] DUNEDIN, September 4. 'The apple market iB dull. Heavy supplies are still arriving from all districts. Apples of inferior quality would be better left in the orchards as they are affecting the prices fo* sound, quality. Bananas are in good supply, and have • good demand as prices are low. Good supplies of Australian navels are still in wholesale hands and further supplies are expected by the Waikouaiti from Sydney due at the end of next week. The Waikouaiti will also land supplies of pines,' passions, atid cucumbers. Lemons are in short supply, and prices are firmer. Small lots of pears are still arriving from Ohristchurch cool stores. RANGIORA HORSE SALE. At v the monthly horse sale at Bangiora yesterday, tfyere was an entry of 65 horses. The attendance of farmers was much larger than usual. The entry included a number of ..good draughts. There weTe also aboutS nine or ten unbroken, horsdl. The sale was slow and dragging,, the best price was- for a five-year-old gelding, which made £4l. Average prices were: For best four to seven-year-old draughts,£32 to £4l; medium draughts, £ls to £25; good aged horses, £8 to £ls; inferior, £3 to '£7; unbroken three-year-old draughts, up to £l4; light horses, 15s to 40s SHEEPSKINS. Pyne, Gould, Guinness, Ltd., have received the following cablegram from Loudon ■ dated September Brd: — "The'sheepßkin sale opened to a fair attendance of buyers with moderate competition. The Home trade and the Continent we're buying sparingly with America competing. Owing to poor demand there were heavy withdrawals of all grades. Prices were halfpenny to one penny lower as compared with July." f Dalgety and Company, Limited, have received the following cablegram from their London oißce, dated September 3rd:— " London Sheep Skin Sales—There was a fair attendance." Very poor demand/' ' As", compared - with closing rates of last . series, prices were .15 per. cent., lower on the average when' sold; About 80 .per cent, withdrawn at bids 30 per cent, to 25 per cent, 'lower, as compared with UsVmlci.

Buyers. Sellers. £ a. d. £ «. d. N.Z. GtoYerament Debentures — . 4J per cent. Inscribed, 1983 • 94 5 0 95 0 0 4} per cent. Inscribed, 1939 94 10 0 — S| per cent. Inscribed, 1941 — 95 0-0 5J per cent. Inscribed, 1933 96 0 0 — 6$ per cent. Inscribed, 1937 91 10 0 95 0 0 5J per cent. Bonds, 1937 94 15 0 96 0 0 5$ per cent. Inscribed,. 1951 91 10 0 96 0 0 Miscellaneous — Moturoa Oil • •• O 4 4 0 5 1 K.Z. Farmers' Co-op. (1st pref.) .. — 2 0 0 . TX.Z. Farmers' Co-op. ("A" pref.) — 1 7 10 jN'.Z. Farmers' Co-op. (GJ per cent. Stock, 1940) 60 0 0 *-\ . y.Z. Farmers" Co-op. . (0J per cent. Stock, 1945) SO 0 0 — N.Z. Farmers' Co-op. (6J per cent. Stock, . 1989) 47 0 0 E7 0 0 Woolvrorths (N.Z.), 1 4 0. 1 6 0 Mining— Cornish Point *0 0 5 0 0 7 King Solomon 0 2 1 0 2 2 Mahakipawa 0 O .7 0 0 74 Jlahakipawa, (pief.) 0 '0 8 -rOkarito 0 9 4 0 9 6 Waibi ' 0 15 0 — Waihi Grand Junction 0 3 6 0 3 9 Golden Point '(Is paid) 0 1 1 0 12 Golden Point (10|d ud.) 0 0 10J 0 1 1ft Golden Dawn .. — 0 5 9 . Hawang Tin 0 3 10 0 5 5 YESTERDAY'S SALE'S. .. . CHRISTCHURCH. Sales on 'Change— £ 8. d. Conim. Bank of Aust. Q 13 5 E., S.,' and A. Bank 3 11 6 Goldsbrough, Mort 0 17 3 N.Z* Eefrig. (10s paid) (3). 0 3 8 jS t .Z. Breweries .. 1 8 8 (4) 1 8 7 1 8 6 1 8 5 Mt. Ljell ... . 0 16 8 1 Q 16 6 1 King Solomon .. 0 2 2 Okarito 0 9 7 Golden Point (Is paid) 0 12 (5) 0 1 14. Waihi Grand Junction 0 3 7 Sales Beported— N.Z. Govt. 5£ per cent. Bonds, 1937 ... 94 15 0 | Bank of New Zealand 0 4. 0 2 3 9 British Tobacco (cum div.) 1 3 4 AUCKLAND. Sales on 'Change- £ s. 'd. War Bonds, 1938 4J peecent. 95 10 0 Govt. Bonds, 1937, 54 per cent. 94 15 0 94 10 or Ins. Stock, 1937, 54 - per cent. 95 ' 0 0 Bank of New Zealand 2 4 0 Auckland Ga.s (cont.) 0 17 0 1 Bycroffc, Lid(2) 1 6 0 DUNEDIN. Sales on 'Change — £• s.-.d. dkarito (2) 0 9 6 Waihi Junction 0 3 10 Sales Beported— Bank of New Zealand •2 4 O New Zealand Breweries ... 1 8 • 6 Five and a' half per "cent. Bonds, (1937) 95 0 O