GRAIN AND PRODUCE MARKETS

Press, Volume LXXXVII, Issue 26396, 14 April 1951, Page 8

GRAIN AND PRODUCE MARKETS

(By Our Commercial Editor.) H Advices to hand in Cashel street week indicate that overseas buyer* *t» now interested in all New Zealand —nff seeds, but appear to be obsessed wltonSidea that, because of the large the hands of New Zealand prices are bound to be cheaper. Aecofo. ingly, in the meantime, they ar* hnW ing off the market. To-day, the majority of Canterbury farmers ' seeds in merchants’ stores are not K. dined to sell at prices which would S. low local traders to do business with thZ United Kingdom. Behind this attitude on the part drgrowers lies the knowledge that, after alt price* are materially less than they wen, last season, ryegrass being down by about 10s a bushel, and white clover by about Is per lb. Rightly or wrongly, th* grm*. ' ers theory is that on the law of avaL -■ ages during the last few season's thro . Is more chance of a rise than a fall ' Because of the foregoing position. markets to-day are very quiet, and mZ likely to remain so until the waterfront strike is settled. 1 Latest advices from South Canterburr are to the effect that potato crop* in £2 area appear to have suffered a little flooding, and a little from blight, but wS,’ 'to the degree once feared. However the instance of the Potato Board, ihK'l chants throughout the province are toft” ing a survey of the situation and in TE ■' other weak or so It should be po**mZ to make a reasonably accurate forecast a* the crop as a whole. Digging ha* bow ' commenced on some of the drier »—»- ■ : in North Canterbury. Quotations to Farmers Current quotations for small seed* aM other produce are as follows: ” ■ Potatoes.—Sutton's Supreme or Kina Edward varieties, £ll a ton; Red Dakota*. £lO 15s; any other variety, £lO s*. Uli prices for f.s.q., f.0.b., s.e. Oniopiz— £l3 to £l4 a ton, on ~ sacks extra. Wheat.—Tuscan varieties, 9s 9d a budHl on trucks. Premium of 2d for Hunter? - 4d tor Pearl or Velvet, and 6d for Mmquls, and Is for Hilgendorf. Ordtaaiofe price increments: April, Id a bushel; jffif ' 2d; June, 3d; July, 4d; August, 41d; tember, sd. Special increments (lneJ(MflW>? of ordinary increments) for wheat hefi ’ on the farm and delivered to the mill* direct from the farm on which it has bceg ' grown; April, 3d a bushel. May 4d; June sd; July, August, and September. 6d. Ryegrass (M.D.). —Certified perenattl ' mother seed, 15s 6d a bushel; p.p. 14* Muncertified, Ils 6d- Hl: mother seed, lw a bushel; standard. iss 6d; uncertitod, Ils 6d. Italian; mother seed, 14s M/a bushel; standard, 13* 6d; uncertified, |yii/ White Clover (M.D.).—Mother seed, 4*-! per lb; p.p., 3s 9d; uncertified, 3s 6d. Cocksfoots—Up to 3* per lb (farmtnf ; dressed). ' Red Clover (cowgrass).—ls 9d per Jb, j machine dressed. Oat*.—-Algerian#, 7s 6d to 7s 9dabu*M; Gartons, 6s 6d to 7s; Duns, 7s to 8a; bMt j oats. 6s to 7s. The price range in «*S | case i* according to quality. ■ c,.J Linseed.—£4o a ton on truck*. Lupin*.—7s a bushel, on truck* (SMlnl extra). Barley.—Main malting varieties, 7* a bushel; research and cape, 6* Bid trucks, sacks extra). DUNEDIN (New Zealand Press Association) a DUNEDIN. April 13. Being almost entirely dependent shipping, both coastal and overseas, seed market continues lifeless, and restrictions on rail transport have affaeMß the position still further. Through ability to clear their stocks of crMMH seed, many stores are faced with ■■ problem of storage. Also, any price* 4W die*ted to-day are purely nominal, mH business will continue at a standstill (MH conditions return to normal. FavouiwM weather is being experienced for the Off ging of potatoes. MINING GREY RIVER PROFITS 3 . DECREASE | A decrease of £2137 to £2747 is ahMM in the net profit of Grey River DredfNK Company, Ltd (West Coast), for the ended December 31. The result *■ reached after an unchanged deduettor ’ for income tax of £ll2O. A* in the pr*w> ous year, no provision wa* made for predation. Dividend of 3d a share, M ready paid, is unchanged. During the year the dredge worked 9Bt: hours, or 78.5 per cent, of powible dUNSMi time, and treated 3,645,000 cubic yard* gravel. Bullion recovery was 7158 enffe ounces, worth £B2JIM. compared WMK 6872 ounces, worth £64,038, in 1949. jH value of bullion represented an avgrgM recovery of 5.72 d a cubic yard, 4.61 d in the previous year. Results for the three years «re>— Dec. 31 1948. 1966. Net profit .. £3,078 £4,884 -«,W| Div., a share .. 4d M■■ Amount .. 10,000 7.128 tjajj Bullion .. £65.443 £64,038 'AmM Av. per yard 4.49 d 4.61 d The operating cost, including iaeomq tax, was £80,133, or 6.6 M a yard. CMm pared with £59,506 and 4.28 d in the ptwfis ous year. .■Saj The directors state that parts for-wi placement aftd repair* were difficult obtain and costs of all kinds of parts MB materials continued to increase. The eent wage increase of 15 per cent |MM a serious problem,for the company, i would impose a heavier burden on Mi New Zealand gold dredging industry IKH erally. An option on a suitable claim to M dredged after the company's present MMW ations are completed has been secured 'Mr the directors. - Shareholders' approval W to be sought before this claim is prcKj pected, and a proposal will be submitMM at the annual meeting in Wellington May 16. STOCK SALES RANGIORA , J About 20 pigs were yarded at the Mm , ngiora stock sale yesterday, weanersto® at from 16s to 30s, and slips from 43* W 495. . 1 Three ewe hoggets sold at 87*;