CANTERBURY MARKETS

Press, Volume LXIX, Issue 21034, 9 December 1933, Page 12

CANTERBURY MARKETS

CROP PROSPECTS (BY OUR COMMERCIAL EDITOR.) Friday Evening The week has not assisted to clarify the position as far as crop prospects are concerned. The ryegrass crop is likely to be much smaller, and this is firming ideas of values. The amount of export is now small, but values have firmed slightly. Perennial is quoted at up to 2s 9d a bushel on trucks, and Italian from 2s 6d to 3s for best quality. The cocksfoot market is also reacting to the dry conditions, and a reduced crop is anticipated. Akaroa is quoted at up to 7d per lb, and Plains rrom 6d to djd. Though there is very little business passing in the oats market, there is a tendency towards a stronger tone. A grade Gartons are quoted at 2s 5s to 2s 6d, Lyttelton. . The dry season in Marlborough is directing attention to the prospects of the chaff market, which has been neglected for some time. There is no appreciable alteration in quotations, however. . Potatoes are attracting a little interest. Main crop quotations range about £3 10s, fo.b., s.i., but no business is reported at this figure. Growers are not tempted by the quotation. The fowl wheat market is firm at 3s 6c!. f.0.b., s.e., both for prompt and forward. Quotations. The following are quotations for produce to be paid to farmers, on trucks, free of commission, backs extra, except where otherwise stated: — Wheat (interim payment)— Tuscan 3s 9d, Hunters 3s lid, Pearl 4s Id, all f.0.b.; fowl feed, to 3s 9d a bushel, f.0.b., s.e., for prompt. Oats —A Gartons Is lid; B Gartons, Is 6d. Italian Ryegrass—2s fid to 3s a bushel for heavy seed. Perennial Ryegrass—To 2s Pd a bushel. Cocksfoot —To 7d per lb for Akaroa, 6d to Sid for Plains. White Clover —To 12d per lb. Cowgrass—Bd to 9d per lb. Chaff—37s 6d to £2. Flour—£l3 12s a ton, local; £l2 17s shipping. ! Bran —Large, local £4 10s, shipping £4 10s a ton; small, local £5. Pollard—Large local, £5 10s, shipping £4 10s; small local £6. I DUNEDIN (rfiESS ASSOCIATION TEI.EGRAM.I DUNEDIN, December 8. Lack of interest for immediate delivery in the milling wheat market continues. During the week two or [three lots were placed locally. Ad[vanced prices to farmers and selling I prices to millers remain unaltered. The | chief interest in the milling wheat market is centred in the prospects of the new season's crop in Otago. A smaller area has been sown in wheat this season, and it is now recognised that yields will be lighter consequent on the backward spring in Central Otago district. The market remains steady. Stocks are now on the light side in this district, and merchants are working in the supplies obtainable from the Wheat Purchase Board. The price for fowl wheat, small quantities, ex store, rules from 3s 9d to 4s, sacks extra. For larger quantities, ex truck, the value is round about 3s 7 id, sacks extra. Practically no interest is being displayed in the oats market. The absence of interest really goes to show the small consumptive demand by feeders for this cereal. Millers are holding ample supplies. The present quotation for A Gartons, prompt delivery, is 2s 3d f.0.b.. s.i., and for B's, 2s. A fair quantity of oats is held in the country, but growers are disinclined to sell at current prices. Values on trucks country sidings, for A's, are Is 9d a bushel, sacks in, and Is 6d for B's. There is a speculative enquiry for delivery in April to September, 1934, on a basis of 2s 6d a bushel f.0.b., s.i., for A Gartons, and 2s 3d for B's. Trade in the chaff market is confined to small lots ex store. Values remain unaltered at £3 15s to £4 5s a ton, sacks extra. The market is kept supplied with occasional truck loads from Canterbury and Southland.

Odd lots of old potatoes are still reaching the market, but it is difficult to place them at £3 a ton, sacks included. The season for old potatoes is about finished.

The overseas demand for seeds has practically ceased. Fairly heavy shipments have been made, and this has left the New Zealand market bare of supplies. The retail demand for sowing out by farmers is particularly good, and more seed has been supplied to the country than has been the case for the last 10 years. All seed markets are firm, especially that for cocksfoot, which again advanced in price.

ASHBURTON MARKET

'J'hc thief topic of interest tliia ivcel: lias been the advance in the price of cocksfoot. Stocks are now very light and the for a heavy yield are not encouraging. Ryegrass is still quiet but firm. Other seeds show ro quotable change. MfiK-r; appear to havo sufficient supplies of wheat on hand until the new season's crop is available. Fowl wheat is inclined to weaken. Very few enquiries aro received for oat sheaf chaff, but Algerians and Gartons aro in demand, 'J'hc following are quotations to bo pitid to farmers on trucks, country stations, Backs extru : Wheat—Tuscan Ds 9d, Hunters 3s lid, Velvet 4s ltl (all f.0.b.); fowl wheat, 2s lOd. Oats —A Gartons Is Gd to 3s Bd, B grade 3s 4d, Algerians Js Cd to ]s 9d, Duns 1b 8d for good, heavy, dark quality. Barley—Chevalier, 3s a bushel. Grass Seeds—Julian, perennial, and Western Wolths 2s (jd to 2s 9d a bushel, according to quality; red clover, 8d to lOd per !b; white clover, lOd to Is per lb; cocksfoot, GAd per lb. "Chaff—Good, bright oatsheaf, XJ a ton.

PROPERTY SALES

Messrs N. H. McCrostie and Co. report having sold on account of Mrs L,. B. Sneesby her property, situate No. 820 Colombo street, City, comprising a brick shop and dwelling of four rooms, with all modern conveniences, to a client at a satisfactory figure. —8 Messrs Kord and Hadileld, L»ld., real estate agents and auctioneers, 13! Worcester street, Christchurch, report having sold on account of Mr Harvey, a five-room bungalow and liO perches of land, situated Salisbury street. City, to a client.