WHEAT AND OATS.

Press, Volume LXIX, Issue 20898, 4 July 1933, Page 11

WHEAT AND OATS.

PROGRESS THRESHINGS. Y. HEAT. :17.80 BUSHELS AN ACRE. f,-5 results ')I threshing operations carried out during the period Janu-ary-May have been ascertained from returns received up to June 23. The Inures show that 9.971.776 bushels of v heat and 4.044.000 bushels of oat? have been threshed from harvested ",eas of these crops, the ascertained iverase yields an acre being o".8o i-ushels for wheat and 47.27 bushels lor oats. A table is appended showi']2 for each land district the quantises of wheat and oats threshed, and the average yield an acre in each CS3C. Wheat. Total Yield threshed, an acre. Bushels. Bushels. Gisborne . . 1,710 34.90 Hawke's Bay .. 24,969 20.06 Taranaki .. 6,594 40.21 Wellington .. 277.399 40.73 Nelson .. 47,434 31.27 Marlborough . . 222,200 34.07 Canterbury .. 8,035,939 30.44 Otago .. 1,207,430 34.65 Southland .. 148,095 42.08 Totals .. 9.971.776 37.83 Of the above buthelage 9.263,487 Vere firsts and 705,289 seconds. . The return snows the area threshed at 263,456 acres. The total area sown Y/as 293,000 acres. Oats. Total Yield threshed, an acre. Bushels. Bushels. Gisborne .. 336 33.60 Hawke's Bay .. 25,189 40.73 Taranaki .. Wellington .. 91,588 44.39 Nelson .. 17,576 29.81 Marlborough .. 79,319 45.18 Canterbury .. 1.999.319 41.16 Otago . . 866,248 4. r !.76 Southland .. 961,365 51.98 Totals .. 4,044,000 47.27 BUSINESS STATISTICS. MONTHLY REVIEW.

The June Abstract of Statistics, in its monthly review of business conditions, states that the banking figure;-; lor the iTonth of May suggest the usual seasonal slackening of internal trade. Bank debits decreased, us did ttlso advances. Deposits, however, continued thn upward trend in evidence since the beginning of the year. The movement of iuncis at call, while showing an improvement over the i.rßvious month, wus not sufficient to counteract the rise in fixed deposits, tnd the ratio of frie to fixed deposits c ropped from 52.28 per cent, in April to 51.55 oer cent, in May The fall jthe total volume of advances for t'\e month, with the accompanying desire in the ratio of advances to de- ] o.nits from 83.(52 per cent, to 81.25 per c nt., is probably a rejection of the j ijTin? of the export season, rather I'ni an indication of a further (ni'ig in internal business enterprise, ■"bis will be seen to be substantiated by th~ statistics of overseas trade and ihe allied indexes of land transfers, mortgagee, ind building permits. The balance of trade for May (excluding specie> stands in favour of the Dominion to the extent of £BOO.OOO in terms of sterling and £1,000.000 in New Zealand currency, as compared with £i,350.000 and £1.700,000 respectively for April. For the first-live months of the year 1933 the favourable balance of trade amounted to £7,000,000 (sterling) and £9.000,000 (New Zealand currency). This compares with £8,000,000 and £9.000,000 respectively for a similar period of m From the marketing point of view, the overseas trade position shows a general imorovement during the month. Wool has taken on a distinctly favourable* trend, the London sales exhibiting a keen demand, and brisk competition with a firm tone maintained throughout. As regards frozen ITieat. lamb prices were fairly well maintained during May, and latest tabled advices indicate a strong and active market. Mutton prices were generally weak, but here again a firming tendency is now evident. ■ Throughout May the dairy produce tjnarket showed signs of shaking off fthe lethargy of the previous few | weeks. At present it appears that an improvement is probable, but is not yet substantially realised. A remarkable movement is observed In the related indexes of land transfers, mortgages, and building permits. Jn each case the improvement for May over April is substantial, but while in some cases the rise is extraordinarily high, it must be remembered that in these instances the April figures had receded to an abnormally low level. Compared with a year ago the level attained in May of this year Is more nearly equal than has been the case for some months.

WOOL MARKETS. ADVANCES EXPECTED. (t'NITED TXtaa ASSOCIATION—BY EW-tTIIIC TELEOBAI'U—COPXBIun'V.) LONDON, July 2. Mr W. Dcvereux. Australian wool representative, reports that wool prices aro keeping very firm in all centres and that substantial are expected at the opening sales on July 4. Only a moderate quantity of merino wool is available. The Bradford market is buoyant. 4. Some topmakers have withdrawn their merino quotations, pending the London opening, and others are asking higher rates. Prices have hardened in all sections, including the whole range of crossbreds. Continental markets are firm and hardening. SHIPPING FREIGHTS. DISCUSSIONS CONTINUE. lomdon, July 2 - It is understood that nothing definite has emerged in respect of either the Australian or New Zealand discussions with the Blue Star Line. The general freight discussions are continuing. BUILDING SITE SOLD. Messrs W. E Simes and Company, •state agents and auctioneers. 144 Hereford street, report having sold m behalf of Mr Fost . er o n h^ e 7 c a h 1 e S O n '"^Hsfactory Wffu-