FINAL WHEAT PAYMENT

Press, Volume LXXIII, Issue 21990, 14 January 1937, Page 11

FINAL WHEAT PAYMENT

£120,000 To Be Distributed FURTHER 4JU A BUSHEL RETURN FROM 1936 CROP / A final payment of 4.id a bushel will be made by the Wheat Committee on the 1936 crop. The payment, which will be made after the audit of the accounts towards the end of next month, will total about £120,000, the committee having handled this season a little less than -6,800,000 bushels of milling wheat, compared with 5,000,000 in the 1935 crop year. The final payment will bring the return on the 1936 crop up to 4s 9fd a bushel on a Tuscan March basis. The prices for the last four years are shown in the following table:— A Bushel , Year. s. d. 1936 ~ .. 4 9i 1935 .. .. 4 7i 1934 .. ..45 1933 .. .. 3 10 The price for the 1936 crop is actually higher above the price for the previous year than the figures suggest, because the final payment of 7-id on the 1935 crop was made possible in part by • the carry-over from the previous year sold during 1935. The average of the three seasons, 1933 to 1935, was a little more than 4s 3d. Although a number of lines of the new Marlborough crop have already . been received, there is so far no in- ' dication of what the price for the I 1937 crop will be. The . Wheat Coml mittee met in Christchurch yesterday > and the day before, but the question of price was. not discussed. Before the Wheat Committee can give the matter | attention, the Government must come to some decision. The greater part of the amount > will be distributed in Canterbury. DAIRY PRODUCE BUTTER MARKET' QUIETER (tWITID FBB9B ASSOCIATION—COPTRIOHT.) LONDON, January 12. The butter market is quieter. Quotations are:— , Per cwt. s. Danish .. .. .. 106 Choicest salted, New Zealand 98 Australian .. .. 98 Unsalted New Zealand .. 99 Australian .. .. 98 SMALL SUPPLY OF FRUIT IN DUNEDIN [THE PRESS Special Serviced DUNEDIN, January 13. Owing to the recent lack of sunshine in Central Otago, supplies of stone fruit- to the Dunedin markets have .been restricted. This morning only . .apricots were available in large quantities to retailers. Nectarines have made their appearance on the market, and raspberries, are how arriving -in inceasing quantities. Supplies of fruit to Dunedin have also been affected to some degree by the higher prices prevailing in the north. , , COLOMBO TEA AUCTION h'RESS ASSOCIATION TELEGRAM.) • DUNEDIN, January 13. Mr L. M. Wright has received the following, cabled report on the Colombo tea auction of January 12:—“ The market for common grades advanced a further Jd per lb. Medium B.P. and 8.0. P. remained steady at last week’s prices, while fine grades were firmer generally. The quality of the offerings again showed an improvement. A total of 2,000,0001 b was auctioned. For next week’s auction 2.750,0001 b have been catalogued for sale.” FOREIGN EXCHANGES

•Determined by price of silver. A MARKET RATES ; . ' i The Associated Banks (other than the Bank of New South Wales) ■ quoted the following dollar rates yesterday, on a New Zealand currency basis. They are subject to alteration without notice;— U.S.A. Canada. (Per £1 N.Z.) Dol. Dol. , Selling— ( T.T. .. .. 3.93.( 3.938 O.D. ‘ 3.94| 3.94& Buying— T.T. .. .. 3.978 3.97 J O.D. .. .. 3.98| 3.988 . —; — ■ 1 FRENCH AND ‘ AMERICAN - T EXCHANGE ' 1 ' r ' (UNITED PRESS ASSOCIATION —COPSBIGHT.) ■ . “ LONDON, January 12. i United States and French exchange closed to-day at: Dollars '4.91 i, francs .105 5-32 to £1 sterling.

! . (BRITISH omcux. •WIB1I.ESS.) RUGBY, January 12. Par.Jan. 11. Jan. 12. Paris, ir. to £1 New York. 124.21' 105 9-64 105 9-64 dol. to £1 4.866 4.91 4.91 5-16 Montreal. dol, to El Brussels’, ,4,866 4.91 T.ulu belgas to :£!' Geneva. 35 29.10 i ’ 29.121 - fr. to £1 25.2215 21.38 21.39 Amsterdam. fl. to £1 12.10V 8.902 8.971 Milan, lire to £1 Berlin, reich92.46 831 93 5-16 marken to £1 Copenhagen, 29.43 12.201 12.21 . kr. to £1 Stockholm, 10.159 22.40 22.40 kr. to £1 18.159 13.391 , 13.391 Oslo, kr. to £1 18.159 19.50 19.50 Vienna, schgs. to £1 34.585 261 261 Prague, kr. to £1 Helsingfors, 164.25 ,140g 1405 marks to £1 193.23 2262 2262 Madrid, pesetas to £1 25.2215 — Lisbon, escudos to £1 110 110 3-16 • 110 3-16 Athens, drach: to £1 375 5471 5471 „ Bucharest. . Ici to £1 483.6 670 670 Belgrade, dinars Rio de Janeiro 25.2215 213 213 pence to mllreis .4.899 ”4! 41 Buenos Aires, ’ pence to dol. Montevideo, 51 — ■ pence to dol. Bombay, pence . * 395 •393 to rupee Shanghai, 19 18 5-32 18 5-32 pence to dol. * 141 14g Hong Kong, pence to yen Yokohama, • - 14 15-16 14 35-16 pence to yen Bajavia. 13 59-64 - 14 guilders 12.107, 8.931 8.931 Warsaw, par . zlotys to £1 43.36 — ; — .