GRAIN AND PRODUCE MARKETS

Press, Volume LXXXV, Issue 25797, 7 May 1949, Page 8

GRAIN AND PRODUCE MARKETS

(By Our Commercial Editor.) The trading week was quiet on the North Canterbury grain and produce markets. No fresh business was offering from overseas, but markets remain firm. At the moment there are no cheap seller# in the trade. From all accounts appreciable sowings of wheat are being made in North Qinterbruy. The importance of the wheatgrowing industry to the country was brought home at the annual meeting of the Northern Roller Milling Company, Ltd., at Auckland, this week. In his address to shareholders the chairman, Mr A. St. Clair Brown, said the reduction in the last year’s net profit was attributed principally to the inferior grade of Australian wheat. Mr Brown said that for some years the two Auckland milling companies had been supplied solely with wheat from Australia. The price offered for New Zealand wheat did not induce farmers to depart from raising fat lambs or growing more payable crops. The Wheat Committee, which supplied all the company’s wheat and bought all its flour, had had difficulty in arranging regular shipments from Australia, and twice during the last year the company's mills had been closed for lack of supply, once for seven and again for 10 days. Quotations Algerian Oats.—4s 6d to ss. according to quality; Black oats, 3s 6d to ss; Duns, up to 6s, according to quality; Gartons at fixed price, ss; all prices sacks extra on trucks at growers’ stations. Wheat.—Tuscan varieties, 8s 6d a bushel, f.0.b., growers' nearest port. Premium, 2d a bushel for Hunters, 4d for Pearl and Velvet, and 6d for Marquis. Onions.—£9 ton on trucks, bags extra. Montgomery Red Clover.—3s per lb uncertified; 3s 3d standard. 3s 6d mother seed (prices nominal and for last season's seed). Red Clover.—2s per lb; machine dressed. 98/90. White Clover.—2s 9d per lb. uncertified; 3s per lb certified p.p.; 3s 6d mother seed. Chaff.—£B 10s a ton on trucks, country stations, sacks extra. Lupins.—Bs 6d to 10s 6d a bushel, on trucks (sacks extra). Barley.—Main malting varieties, 6s 5d a bushel; research and cape, 6s 2d (on trucks, sacks extra). Browntop.—2s 8d per lb certified 98/90, and 2s 5d uncertified machine-dressed seed. Cocksfoot —ls to Is 9d per lb, according to quality. . . Partridge Peas.—l2s to 13s a bushel according to quality; Prussian Blue, 15s to 16s. according to quality. Ryegrass.—Certified perennial, 98/90. mother, 16s 6d a bushel; certified, p.p., 15s 6d, H.l, certified 98/90. mother, 12s 6d, standard, 12s 6d; Italian. 98/90, mother, Bs, standard and uncertified 7s. Linseed —£32 a ton (on trucks. 19« contracts). DUNEDIN (New Zealand Press Association.) DUNEDIN. Mav «. White oats for shipment to the North Island have had little inquiry as distributors in the north appear to have enough oats on hand for immediate requirements. Deliveries of main crop potatoes are now being made, and on present indications it appears that both yield and quality of lo<al-grown lines will be good. Growers are experiencing no difficulty in finding a ready market. Trading in small seeds during the weeK was quiet, although inquiries were general. Most interest was shown in white clover, Montgomery red clover. «na browntop. Merchants’ ideas of values are governed strictly by the price they can obtain overseas. There has been a tenaency for ryegrass to ease in value slightly, but the quantity of seed on oner is not large.