SEED AND GRAIN MARKETS

Press, Volume LXXXIII, Issue 25240, 19 July 1947, Page 6

SEED AND GRAIN MARKETS

SEASONAL SLACKNESS Seasonal slackness prevails in the seed I and grain markets. This is intensified by 1 the operation of embargoes affecting most 1 lines of small seeds. The week has been ideal for late harvesting operations in the potato fields, but the marketing of crops is being partially held up because of the big accumulation of produce awaiting shipment from Lyttelton. Some lines of seed potatoes, and table as well, are being sent to Auckland by a round-about and expensive route, via Picton. This i year potato growers have just cause for ■ grumbling. Primarily their troubles lay . in the shortage of labour; then came a i shortage of sacks, and now, to cap all, »merchants in many cases cannot accept delivery because of the bottleneck at Lyttelton. The conditions generally prevailing this year may react against the planting of large areas in potatoes next season. Onions are coming to hand in comparatively small lots and not in sufficient quantities to satisfy all orders from outside Canterbury. In spite of the embargo, contracts for peas are being sought by merchants at prices reported to be largely on a par with those of last year. The areas set aside for sowing down in linseed appear to be on the increase. Merchants report good inquiries for barley contracts. The position in regard to wheat is exercising some merchants, who report that numbers | of farmers are giving up ‘growing wheat | because of lack?'of transport to shift the crop in reasonable time. A typical in- | stance is said to be that of a South Canterbury farmer. Last season this man harvested 4000 sacks of wheat. He managed to get rid of 1000 sacks two weeks after threshing, but it was another six weeks before transport was forthcoming to shift the balance of his crop. When it arrived at the flourmill the miller rightly refused tn pay for the sacks, which, because the grain had been lying in the paddocks for a total period of two months, had deteriorated so as to make them valueless. The farmer was thus out of pocket about £2OO over the sacks. This year, the farmer has made no plans to sow' wheat. Meanwhile inquiries for wheat for spring sowing are not very free. There is no appreciable change in the market for small seeds. Gcod quality lines of white clover and red clovers are maintaining their price ■ levels, but poorer grades are a bit difi ficult to sell. j Quotations are:— ■ Potatoes.—Growers’ prices: Whites and I Dakotas, £8 5s a ton f.o.b. s.i.; Suttons I and King Edwards, £8 15s. Onions.— £l7 a ton, f.a.q. Wheat.—Tuscan and Cross 7,7 s 7Jd; Hunters. 7s 9Jd; Pearl and Velvet. 7s WJd; I Marquis, 8s l£d. Oats.—A grade Gartons, 4s (on trucks); | Algerian, 4s 3d to 4s 6d; Duns, good quali ity, 4s 6d to ss; black, 3s 6d to 4s. Red Clover.—2s 9d machine dressed. 1 White Clover.—2s 3d uncertified. 2s 6d I p.p.; 2s 9d m.s ■ Barley.—Cape and malting, maximum I price, 5s 6d (0.t., s.e.) for No. 1 quality. Chaff.—G.b.o.s., £9 a ton (f.0.b., s.i.). J equivalent to £6 10s, o.t. s.e.. country sta- ’ tions Cocksfoot.—sd per lb (nominal). ■ Linseed.—£3o a ton, on trucks. Partridge Peas.—los a bushel (No. 1). • 9s for f.a.q.;. Prussian Blue, 12s 6d.

DUNEDIN MARKET REPORT

(P-A-) DUN3DIN, July 18. There remains a scarcity of deliveries of all lines of cereals, and it is obvious that the biggest proportion of the harvest has now been brought into Dunedin and disposed of. Inquiries for oats are still being received from the North Island, but it is impossible for local merchants to respond with quotations, as all white oats are required for spring sowing. Chaff supplies are sufficient to meet local demand. but unfortunately some of the lines are of poor quality, and these are difficult to quit. Otherwise the market is steady. The market has teen deriving its supplies from Canterbury, and these are coming forward in fairly large quantities, with the result that fair consignments are being held in Dunedin. At present supplies are ample for all requirements. Generally speaking, there remains a feeling of uncertainty regarding all lines of small seeds,, and although there have been some occasional overseas orders to fill, these have not been of sufficient volume to harden the markets. It can be said that in the case of some clovers there is a slightly easier tone. Montgomery, red clover, and cowgrass remain firm at recent' rates, as does also crested dogstail. Browntop, cocksfoot, and Chewings fescue are meeting with very little inquiry. COMPANIES REGISTERED Waihi Scouring Works, Ltd.—Registered as a private company, June 26. Office: Winchester. Capital: £5400 in shares of £1 each. Subscribers: Winchester, J. T. F. Baker 3000, L. F. Baker 2200. Christchurch. A. E. Witbrock 200. Objects: wool and skin brokers and merchants and incidental. Colonial Oil Refining Company, Ltd.— Registered office change from Wellington tc 116 Lichfield street, Christchurch. Millner Securities. Ltd.—Registered office changed from Wellington to 141 Cashel street, Christchurch. Clouston (W. E.), and Company, Ltd.— Registered office changed from Wellington to 178 Cashel street. Christchurch. Jarrett (F. A.), and Company, Ltd.— Registered as a private company, June 30. Office: 162 Manchester street. Christchurch. Capital: £3OOO, in shares of £1 each. Subscribers: Christchurch—F. A. Jarrett 2500, J. W. Jarrett 500. Objects: manufacturers’ representatives, importers, exnorters. and incidental. Walter Hill and Sons (N.Z.), Ltd.—Registered as a private company, July 1. Office: 166 Gloucester street, Christchurch. Capital: £lO,OOO in shares of £1 each. Subscribers: Christchurch. H. Hill 4000 R. H. Hill 4000. W. M. Wilson 2000. Objects: wool brokers, buyers, merchants, and incidental. Renown Raspberries. Ltd.—Registered as a private comn?nv. July 1. Office: 149 Waimairi road. Christchurch. Capital: £4OOO in shares of £1 each. Subscribers: Christchurch. E. B. Hurst 3201, J. M. Hurst 799. Objects: all branches farming, manufacturing of jams and incidental. L. K. Rubber Company, Ltd.—Registered as a private company July 1. Office: 166 Manchester street, Christchurch. Capital: £lOOO in shares of £1 each. Subscribers: Christchurch. E. L. Kerr 999. B. M. Kerr 1. Objects: manufacturers, merchants, retail and wholesale of rubber and incidental commodities. Muirson and Arnold. Ltd.—Registered as a private company. July 1. Office: 166 Manchester street. Christchurch. Capital: £lOOO in shares of £l.each. Subscribers: K- C. A. Muirson 600. E. J. Arnold 400. Objects: joinery and furniture manufacturers and incidental. Luisetti (V.), and Company, Ltd.—Registered as a private company, July 4. Capital: £3OOO in shares of £1 each. Subscribers: Raneiora. P. V. Luisetti 2900. L. C. Luisetti 100. Objects: buyers, sellers, imnorters. exporters, grain, seed, and incidental. Hunter Confections, Ltd.—Registered as a private comnany. July 8. Office: 176 Hereford street. Christchurch. Capital: £2OOO in shares of £1 e»ch. Subscribers: Dunedin, J. A. Neilson 1625. Christchurch. A. H. Harris 175 A. A. Bird 50. B. F. Anderson 150. Objects: manufacturers, imnorters. exporters confectionery and incidental.

CUNARD STEAMSHIP COMPANY

BALANCE OF CONTROL UNDER CONSIDERATION (N.Z. Press Association—Copyright) LONDON, July 18. The city editor of “The Times,’’ London, says that the Cunard Steamship Company, which already owns 6,200,000 of the 10,000,000 £1 shares in the Cunard White-Star, is offering to buy at 40s a share the remaining 3,800,000 shares now held by the British and Northern Ireland Treasuries, and the Oceanic Steam Navigation Realisation Company. MINING QUOTATIONS (N.Z Press Association—Copyright) LONDON, July 16. Mining quotations: Broken Hill North, £2 17s 3d; Zinc Corporation, £5 10s; New Broken Hill, £1 13s lOAd; Emperor, 14s ! 6d. Ngahere.—The return for two weeks ended July 18 was 201 ounces from 89,243 yards, worked in 169 hours. • Tropnies Presented.— Bowls, billiards and snooker trophies competed for during the year were presented at a function held recently in the cafeteria of the Disabled Servicemen’s Re-estab-lishment League. The billiards and snooker cups, given by Messrs H. Holmes and D. Moffat respectively, are for competition annually between the league and the Riccarton-Fendalton branch of the Returned Services’ Association. The billiards cup was won I by the league and the snooker cup by j the Returned Services’ Association, : which, said Mr Common, chairman of the league’s social committee, who was in the chair, was right and proper, j The billiards cup was presented by Mr H. Holmes junior, and the snooker cup ! by Mr H. E. Batchelor, chairman of the branch of the Returned Services’, Association. The bowls cup, won by T. I Fox. was presented by the donor, Mr W. E. J. Maxwell, president of the i league’s bowling club.