EXPORT OF WHEAT

Press, Volume LXIX, Issue 20905, 12 July 1933, Page 15

EXPORT OF WHEAT

SHIPMENT TO UNITED KINGDOM. DEALING WITH THE SURPLUS. The Wheat Purchase Board has completed the sale of a further shipment of wheat abroad, the quantity approximately being 7750 tons, or about 280,000 bushels. This is the second shipment made of this season's surplus crop, which the recent threshing returns indicate will be from two to 2i million bushels more than the quantity required for local consumption. The earlier shipment, which went to Tsingtao and Shanghai, in the East, and to the United Kingdom comprised 711,000 bushels, so that the present shipment brings the total disposed of for export to date this season to approximately 1,000,000 bushels. A.proportion of the earlier shipment was in bulk, but the present shipment will be in sacks. The wheat will be loaded next week, and as it is being lifted by the ordinary trading steamers it is fairly certain to be destined for England. When the Wheat Purchase Board originally budgeted for the disposal of the present crop it estimated the surplus at something more than 2,000,000 bushels, and tho heavy threshing yields have confirmed that estimate. In assessing the interim payment to growers the price was dependent on the world parity at the time the surplus would have to be exported. This at the time was at a figure that would return about 2s a bushel. Fortunately, since then, on account of droughts and the curtailment of acreages in America, there has been a pronounced advance in the world wheat market, and at today's parity the present shipment should return a price of a few pence more than 3s, sacks in, or a little more than 3s for the bare wheat. The advance in foreign wheat prices since the commencement of the harvest in New Zealand has been approximately a shilling a bushel. The price secured for the present shipment, it is reasonable to assume, ensures a further payment to growers at the end of the season, notwithstanding the heavier bushelage that has to be dealt with. There will still be a surplus of something more than 1,000,000 bushels to deal with, but it is uncertain if further export will be undertaken. This is dependent on the acreage sown for next harvest and the crop prospects as the season advances. If these indicate a normal or lighter crop it will doubtless be the policy of the Wheat Purchase Board to carry over the remainder oi the present season's surplus. RANGIORA MARKET. There was a large attendance at the weekly market yesterday and increased entries in the stock pens, with the exception of fat lambs, which were in short supply. The tone of the market was an improvement, prices all round showing a slight increase. Skins showed a considerable appreciation. One exceptionally good sheepskin made 13s, while yearling calf skins sold up to 4s 6d and cow hides to 19s. The range of prices was:— Sheep—Fat ewes 9s 6d to 13s, light ewes 5s 6d to Bs, fat wethers 12s to 13s 9d, three-quarterbred ewe hoggets 12s, halfbred wethers 9s to 10s 9d, aged ewes in lamb 5s Bd, sound-mouth empty ewes 8s to 10s. Cattle—There was a yarding of about 15 head. Dairy cow* made £3 5s to £5 ss, cows in profit 21s to 32s 6d, store cows £1 10s, and yearling calves 6s 6d. Pigs—Heavy porkers made 32s Cd, porkers 22s 6d to 235, light stores 18s 6d, small stores 13s to 15s 6d, and weaners 12s. Poultry—Light hens made 2s to 3s 3d, heavy hens 3s 6d to ss, light roosters 3s to 4s Cd, heavy roosters 5s to 7s. ducks 4s 6d, turkey hens lis, gobblers 18s, all a pair. Produce —Chickwheat sold from 10s to 13s a bag, oats 8s 6d, peas 18s, oatsheaf chaff 3s, straw chaff Is 3d, potatoes 8s to lis 6<L carrots 3s 6<L beet* root 3d a bundle, onions 8d a string, melons 6d each, marrows 3d to 9d, cauliflowers 3d, cabbages 3d to 6d, apples 2s a half-case, pears Is. Skins, etc.—Halfbred sheepskins made 3s to 5s 6d, crossbred 2s to 4s, hogget 3s, pelts 2d to 6d, bides to 19s. calfskins Is to 4« Gd, wool 2Jd to 3Jd per lb, fat Jd, and horsehair Is. ASHBURTON STOCK SALE. The yarding of fat sheep at the Ashburton saleyords yesterday was smaller than a week ago. Irast w<sak'a values were maintained. The yarding of cattle was larger than usual. The top price of the sole win 22s 7d obtained by Mr B. Bremner, of Fairton. for a pen of three fat wethers. The same vendor sold pens of two and three at 22e Id, and another pen of three at 21s 4d. Mr J. Gregory, Seaflald, also sold a pen of four at this latter pTice. Fat ewes raado up to 10s Id, a pen of eight sold on behalf of Mr W. H. Davies, of Greenstreet, Belling at this price. • Messrs Cochrane Bros., of ElgHn, sold five at 19s 7d, eeven at 10s Id, and 12 at 18s 7d. Mr,E. C. Bonnington, Wakanui, topped the fa£ lamb market, a line sold on his behalf realising 17a Id. Pens of four and 11 sold on account of the same vendor brought 15s 'lod and 12s 4d respectively. Fat ewes sold from 5s 7d to 9s 7d for light-weights, up to 14s 7d for medium, and to 19s lOd for heavy-weights. Fat wethers Bold from 18s Id to 32s 7d, and fat lambs from 7s Id to 17s Id. Cattle —There was a fair yarding of cattle panned, the top price obtained being £5 12s 6d for a heifer. Tat cows sold at £2 17s 6d. £2 Ss, £2 12s 6d, £2 ss. £4 ss, £4 2s 6d: heifers at £5 12s 6d, £8 15s, three springing heifers at £3 15s, empty cows at £1 7s 6d and £1 2s 6d, cows at £1 12s 6d, £2, £2 17s 6d, a cow and calf nt £1 2s ud, and cows due to calve at 12s Cd to £5. Only two pens of store sheep were offered. Fifteen hoggets were sold at about PRICES IMPROVE.

LORNEVILLE STOCK SALE. 'PKESS ISSOCUTXON TXLBQRAU.) INVERCAHGILL, July 11. There was a further improvement in fat sheep and cattle prices at *the Lorneville stock sale to-day, and the market for the former was probably the best to date. The fat sheep demand was brisk and prices showed a still further improvement. Extra prime heavy wethers brought up to 26s Jd; heavy wethers, 22s to 245: good quality, 17s 6d to 20s; light and unfinished, 14s to 15s 6d; extra prime heavy ewes, 14s to 15s 6d; good quality sorts, lis 6d to 13s; medium, 9s 6d to 10s 6d; inferior, down to 7s 6d. For fat cattle taken all over, the sale was a good one, more especially for good quality sorts. Prime mediumweight bullocks realised £6 15s to £7 15s; lighter sorts £5 JOs to £6 ss; unfinished down to £4; medium quality cows, £3 10s to £4 15s; aged and inferior, down to 38s. Good quality medium-weight heifers up to £5 10s; lighter sorts, £4 to £4 15s. SALE OF RADIO SETS. C. £. Jones, Ltd., report having held a succcßbful sale of radio sets and tennis sundries. Among the articles sold the following prices were realised:—7-valvc radio £l6 10b, ditto £l4 10s, 5-valve radio £lO. 5-valve radio £9 10s, ditto £0 10b, ditto £9 10s, ditto £9 10s, ditto £9 lOg, 5-valve radio £lO ss, 4-velve radio £B, ditto £7 10s, ditto £7 10s, ditto £7 10s. ditto £7 10s, ditto £7 10s, ditto £7 15s, 30 cabinets i'S, radio sundries at satisfactory prices. Rubber lino. £3, short-wave set £2 10s, couch and two chairs £7 7b 6d, piano £B, motor £2 ss, box of keys £4 15s, cabinet £1 17s 6d, model • yacht £2 ss, show case £l, tennis rackets from 16a to £1 Is, office table £l. Tennis sundries were selling at good prices.