CANTERBURY MARKETS

Press, Volume LXX, Issue 21324, 17 November 1934, Page 12

CANTERBURY MARKETS

OATS FOR UNITED KINGDOM OUR COJIMEECIA.I* EDITOK.) Friday Evening. The only development of interest in the grain and produce markets is the shipment from Bluff by the s.s. Norfolk next week of 15,000 sacks of oats to the United Kingdom. This is the first shipment for some time, but it is understood that the price is substantially lower than that secured when export was in progress some months ago The figure is stated to be about 2s 4d f.0.b., s.i. The shipment, however will be of value in helping to clear stocks. It comprised A GartoFowl wheat is a shade firmer, quotations being 3s B£d fo.b., s.e. There has been more enquiry. The potato trade as affecting merchants is over, although small consignments are going north for byports. Quotations are nomirial, and range about 55s f.0.b., s.i.. , The grass-seed market is dull, ana merchants have to lower prices to make sales. It is yet too early to estimate the prospects of the new crop of seeds, but except in the case of ryegrass they will arrive on a bare market. Ryegrass is quoted at to 3s a bushel on trucks, and cocksfoot 7d. Quotations The following are quotations for produce paid to farmers on trucks, free of commission, sacks extra, except where otherwise stated: — Wheat—Milling (interim payment), Tuscan 3s lid, Hunters 4s Id, Pearl 4s 3d, all f.0.b.; fowl wheat, 3s 8d a bushel, f.0.b.. s.e. Oats—A Gartons Is 9d, B Gartons Is 6d, Algerians Is 6d. Chaff—£2 7s 6d a ton. Italian Ryegrass (nominal)—To 3s a bushel. Perennial Ryegrass (nominal) —To 3s a bushel. Cocksfoot (nominal)—7d per lb for Akaroa. White Clover—ls per lb. Cowgrass (nominal) —7d per lb. Flour—£l2 12s a ton, local; £ll 17s shipping. . . Bran —Large, local, £5; shipping, £4 a ton; small, local £4 10s. Pollard —Large, local, £5 10s; shipping, £4 15s; small, local, £6. DUNEDIN (PBESS ASSOCIATION TELEGJLAM.) DUNEDIN, November 16. There Is a little better tone in the fowl wheat market, though no quotable change in prices. Supplies are not plentiful locally, and this has caused ' the firmness. Prices range from 3s 9d to 4s a bushel ex store, sacks extra. The oats market continues very weak, and there is a tendency for prices to ease. The export overseas from the Bluff has not affected the local market, as orders to meet this demand were practically filled. Values are at 2s 6d f.0.b., s.i., for A Gartons and 2s 3d for B's. The quotations to farmers are Is 9d and Is 6d respectively. The chaff market is unchanged. Supplies are quite sufficient to meet the demand, which is chiefly confined to small lots. For truck loads the quotation is £3 15s a ton, sacks extra, and for small lots ex the store £4 ss. The potato market is nearly finished, and wholesale prices have advanced to £3 10s and £4 a ton ex store. The quantity of old potatoes in stores is not large. Farmers are now engaged on their spring work and are not bolhering about sending in supplies, and the prices obtainable are not high enough to encourage them to send in what stocks they may hold. There is nothing fresh to report in the seed markets. Business is quiet, and merchants ,are marking time waiting for developments. Prices for most varieties continue firm. ASHBURTON MARKET Merchants report a fairly quiet week on the local market. There lias been a slightly better enquiry for good whole fowl wheat, and supplies arc now difficult to locate. There is also a crood demand for broken and under-grado lines. Odd trucks of oatsheaf cliaf? are still being ?old. All small seeds are being enquired for. Potatoes are practically finished lor tbt> season. The following prices are quoted to be paid to farmers, on trucks at country stations, sacks extra, unless otherwise stated: Wheat—Xew season's interim payment, Tuscan f.a.q. milling 3s lid, Hunters 4s Id, Velvet 4s 3d, f.o.b. Fowl wheat 3s, wheat Ew:onds 2s Gd. Oats—Algerians Is 3d to Is lOd, good heavy dark Duns ]s 8d to 2s, Gartons, A grade 2s Id, B grade Is Bd. Grass Seed— Perennial 3s 3d to 3s 6d. WoUlis and Italian 3s to 3s Gd, cocksfoot 7Ad to 8d for good quality seed. Clover—Red 9d to lOd per lb, white lOd to In Id per lb. Chaff—Good, bright oatslieaf, £-2 5s a to T. Peas—No. 1 partridge 4s Gd: f.a.q., 4s. Potatoes—Dakotas £l, whites £l. BUTTER AND CHEESE LONDON QUOTATIONS LONDON, November 15. The butter market is slow. Quotations: Danish 120s, choicest salted New Zealand 75s to 765, Australian 74s to 755, unsalted New Zealand 76s to 80s, Australian 76s to 775. The cheese market is slow. Quota--53s nS Zealand coloured 525, white A. S. Paterson and Company advise that they have received the following cable advice from their London principals, Messrs J. and J. Lonsdale, Ltd.:— U , er 77 All mt y kets easier; Continental butter market weak. Relatively high retail price has checked demand irom the Midlands and the North of Scotland. -New Zealand-Finest salt butter, 76&. first grade salt butter, 755. Australian—Finest salt butter, 755: first grade salt butter, 745. The National Mortgage and Agency Company of New Zealand, Ltd., advise having received the following cablegram from their principals, Messrs A. J. Mills and Company Ltd London:— Butter—Market is quieter. Finest 76s to 775; firsts, 755; Danish, 120s; i.0.b., 98s; Australian, 75s to 765. Cheese—Market is slow. White, 52scoloured, 51s; Canadian, 52s to 535. ' Dalgety and Company, Ltd., have received the fo'.lpwing cablegram from Samuel Page and Son, Ltd., dated November 15:— Butter—Market weaker. Danish 120s, finest New Zealand 74s to 75s finest Australian unsalted 74s to 76s salted 74s to 765, g.a.q. 72s to 735. ' i Cheese—Market weaker. Quotations —New Zealand white 525, coloured 51s Canadian spot white and coloured 52s to 555. PIG AND POULTRY MARKET AT ASHBURTON There was a large yarding of pigs and a medium yarding of poultry at the Farmers' Mart yesterday. Prices ranged as followa: Poultry—Hens, Is lOd to 3s 4d a pair; roosters, Is lOd to 4s Id. Pizs —Stores, 21s 6d to 27s fid: baconers, 42s ed to £3: porkers, 34s 6d to 36s Sd: veaners and alips, 15s to 20s; choppers, 48s 6d to £3 8s 6d.

GENERAL MERCHANDISE GROCERIES The demand for grocery merchandise continues very satisfactory and in addition to this, orders for December delivery for Christmas trade are coming in very freely. Prices generally are fairly stable, and the outlook does not at present indicate any very serious price movements. The only move of importance during the week was a reduction in the price of sugar, which happened yesterday, and which seemed to be unknown by most retailers. Dates and Figs Cable news has been received that the first direct shipment of new season's dates left Basrah on November 1 on the steamer Nirvana. This ship is due in Sydney on December 15, so that after allowing for the transhipping period, it looks as if no new season's dates out of this vessel will be available before Christmas. A few new dates recently landed in New Zealand by a mail steamer, but the extra freight payable made costs very high. New season's Turkish figs have arrived in Australia, and transhipments for New Zealand are now believed to be afloat. Paper One line of wrapping paper has just been reduced by 12s a ton for orders of one ton and more. Cherries One packer of crystallised cherries (packing in Hew Zealand) has been compelled to advance prices by Id per lb owing to higher landed costs of raw material. Sugar Reduced A reduction of 10s a ton in the price of sugar, treacle, and golden syrup yesterday was not unexpected. The price of tablet sugar remains unaltered, not being included in the items reduced. The outlook as regards sugar prices is toward lower values, owing to the very low price level for Cuban sugar refined in the United States. Under a recent tariff alteration in the United States, factories there are able to import raw sugar and after refining to sell at. very low levels for export orders. Olive on Reports by mail from Italy state that heavy olive crops in Tuscany and Sardinia will bring the season's harvest well above last year's figures. Based on this position, it is expected that the olive oil market will weaken shortly. Singapore Markets There is nothing of importance to report of the markets in Singapore. Pepper is again slightly weaker, whilst sago, pines, and tapioca are stationary at previous quotations, and as the time for the next direct boat for Lyttelton to leave Singapore approaches—it is due to depart next month—more interest is being taken in sago and tapioca prices as well as to a smaller degree in the price of pineapples. Prices for this shipment, due here late in January are now available, and look safe buying except for pepper, which is at present fairly high, when compared with values ruling a few months ago/ Honey , This article is at present in short supply, and one of the largest packing companies in New Zealand has advised its clients to conserve stocks on hand as much as possible. No relief is available until the new crop honey is available next year, and meantime enqmries in the North Island have disclosed a similar position there. Tea Nearly 2,250,0001b of Indian tea were offered at auction last week in Calcutta. The demand was good for good liquoring and tippy tea, and quality generally showed slight improvement. Clean, bright common teas were well sought after, but outside these lines, the market was irregular. There were fair withdrawals when bids failed to come within 3 pies of the last auction values. Values obtained averaged as under. Broken Orange Pekoe common, 8 annas 6 pies, medium 8 annas 9 pies, good up to 12 annas. Broken Pekoe com-. mon 8 annas 3 pies, medium 8 annas 6 pies, good 9 annas. Fannings common 8 annas, medium 8 annas 6 pies, good up to 10 annas. Last week's auction of Ceylon tea, held in Colombo, disposed of 1,450,000 lb. Quality was much the same as at the previous sale, with the market maintaining its previous level. Average prices at the auction ran as follows:—Broken Orange Pekoe common, 53-54 cents, medium 73-74 cents, fine 84 cents. Broken Pekoe common 52 cents, medium 64 cents, Fine 70 cents. Broken tea common, 50 cents, medium 52 cents. Dried Fruit The Minister for Commerce of the Commonwealth of Australia, has just issued a regulation under the Dried Fruit Act, .setting forth the percentages which can be exported in dried fruits for the season. This regulation is to insure that all supplies are not shipped away, denuding the domestic market. The percentages are: Currants 80, sultanas 82J, prunes 33, apricots 55, peaches 66. nectarines 25, lexia 60, pears 66. ~ Fo jf the week ending November 1, the Commonwealth Dried Fruit Export Control Board sold from their London £39 a ton, 466 tons currants averaging £2B 5s a ton, and 143 tons of lexias at £37 4s a ton all freight paid, ex store, London. Walnuts The first new season's Chinese walnuts are due early in December, and thus will be in good time for the Christmas trade. Prices are expected to be similar to previous landings, and with stocks at present somewhat low, there should be a very ready sale for this line on arrival.