CANTERBURY MARKETS

Press, Volume LXXIV, Issue 22304, 19 January 1938, Page 11

CANTERBURY MARKETS

harvesting proceeding WELL EXCELLENT QUALITY WHEAT (BY OOR COMMERCIAL EDITOR.) Tuesday Evening. The fine weather has allowed harvesting to proceed uninterruptedly, and the gathering of many crops is now well under way. A number of samples of wheat have been received in the city from the early districts round Culverden and Waipara, and a few from south of the Rakaia river. All those so far received are of excellent quality, better in fact than for sorpe years, and yields appear to be better than was expected. It is expected that if the sample retains its present high quality, there will be a shortage of fowl wheat, because with the smaller sowing, millers will need all available supplies. Algerian oats are beginning to bp offered, but very few lines of whites have made their appearance. The Algerians so far handled are in the main of excellent quality, though some have been inferior. The range appears to be greater than usual. Good quality are worth 3s on trucks. Perennial rye has been offered fairly freely, and the crop appears to be of moderate weight. Merchants’ ideas of value are from 3s to 3s 6d. The seed is of good heavy quality, and as there fis little in store from last year, a good i demand is expected. 1 Fairly heavy stocks of last year's Italian have to some extent curbed the demand for new season’s seed, and though the crop appears to be short, values are from 2s 6d to 2s 9d to growers. Cutting of cocksfoot is proceeding, but it will be a week or two before any quantity is offered on the market. So far there is no indication of what quality will be like, but yields from the smaller area shut up this season are expected to be good. Little interest is being taken in potatoes at present, mainly because growers are not anxious to trade. The price earlier in the month was about £4 a ton on trucks for forward, but the quotation has now come back by 5s a ton to £3 15s for Buttons and Dakotas. There, is as yet no indication of what the South American possibilities are for this year, and it is not expected that anything definite will be known for another month. The crops are looking exceedingly well in all districts. Quotations The following arc the prices quoted to farmers, on trucks at country sidings, unless otherwise indicated, for old seajson's crop:— Wheat—Milling f.0.b., Tuscan 5s 5d Hunters 5s 7d, Pearl 5s 9d. -“Fowl wheat, prompt, to 6s f.o.b. Oats—A Cartons to 3s 2d, B Gartons 3s; Algerians, to 3s; Duns, 2s 9d to 3s 3d. (New season’s Algerians, 35.) Ryegrass—Perennial (new season’s) 3s to 3s 6d; Italian, 2s 6d to 2s 9d. Cocksfoot—Plains. 7d to 9d; Akaroa 5d to 9d per lb. Cowgrass—6d to 7d per lb. White Clover —8d to lOd, Potatoes—Forward. £3 15s a toh. Chaff—£4 10s a ton. Barley—Feed, 4s a bushel. Partridge Peas —4s 9d to 5s a bushel. Bran—Large, £4 15s: small. £5 ss. Pollard—Large, £6 5s a ton; small. £8 15s. AUCKLAND [THE PRESS Special Service.! AUCKLAND. January 18. Increasing supplies of potatoes have brought about a reduction in price, and merchants are now quoting £9 a ton on trucks. Pukekohe. There are still small quantities of Canadian onions in city stores, and dealers are offering them at 11s 6d per 1001b to get clear. Pollard in Australia has continued to firm,, and as a consequence local quotations have been raised ss, and now rule from £9 5s to £9 10s a ton. At these prices there is a good sale, for, although the produce of the local mills is unchanged at £7 15s a ton, supplies are exceedingly scarce. Bran is unchanged at £4 15s a ton. There has been no alteration in the price of horse feed. The maize position is increasingly difficult. Imports from Java are not permitted until after April, apparently to give Dominion growers a chance to clear their harvest. Meanwhile growers in the Bay of Plenty and Gisborne are holding off the market, and merchants have raised their quotations for the small quantities obtainable, and these now rule from 6s 7d to 6s lOd a bushel. The relief expected by pig and poultry feeders in the way of cheap barley from Australia is likely to be much less than was anticipated. The market in the Commonwealth has advanced about 6d a bushel since December, and orders taken by local merchants for Febru-ary-June delivery are at higher prices. The spot position is unaltered. Clipped is selling at 5s 3d to 5s 5d a bushel through store. MINING CLUTHA RIVER (PBBM ASSOCIATION TILIOHAUJ DUNEDIN. January 18. A return of 106oz for 70 hours’ work, was obtained by the Clutha dredge’ operating at Alexandra. METALS MARKET LONDON, January 17. Jan. 14. Jan. 17. Cooper— £ s. d. £ s. d. Standard, spot 42 11 3 43 18 *'■ Forward 42 15 7J 44 l 3 Electrolytic 46 5 0 47 15 0 to .. 47 5 0 48 10 0 Wire bars 47 5 0 48 10 LeadSpot .. 17 1 3 16 19 4i Forward .. 17 5 0 17 0 75 SpelterSoot .. 15 10 0 15 10 75 Forward .. 15 13 1J 15 13 1J Tin— Soot .. 185 5 0 188 15 0 Forward .. 185 7 6 183 17 6 Silver — Fine, per oz. 19 13-16 dl 9 15-16 d Standard, per .. 21fd 21 id