GRAIN AND PRODUCE

Dominion, Volume 24, Issue 52, 25 November 1930, Page 12

GRAIN AND PRODUCE

Wellington Markets ) CURRENT PRICES Wholesale prices current in Wellington for grain, produce, poultry, and other goods are quoted by Laery and Co., Ltd., as folWheat: 7/- to 7/7 per bushel, sacks in for ten-sack lots or over; small qnanitities, 2d. per bushel extra. Oats: Machine-dressed Algerians. 6/2 per bushel; Gartons, 4/2 to 4/4; shelled oats, 6/- to 6/4; sparrowbills. 4/11; crushed 0.-its. a/-; black oats, 5/-; Dun oats, 5/3 to 6/3 per bushel, sacks in. Barley: Feed. 4/6 per bushel. Mixed fowl feed: Tikaka brand. 6/3 per bushel; less than five-sacks lots, 6/6 per .bushel, sacks in. Chick raiser: Tikaka brand, coarse, 200’s, 33/6; 100 s, 18/-; oO s, 9/6: fine, 200's, 34/6; 100's. 18/6; aO s. 10/6. Pollard: £7 per ton; less than half-ton lots 10/- per ton extra. Bran: £7/5/- per ton: less than half-ton lots 10/- per ton extra. Peas: Prussian blue, 7/0 per bushel, sacks in; crushed. 6/9 per bushel; feed peas. 5/8; partridge peas, 5/10 to 6/2 per bU Maize: New Zealand whole, 6/4 per bushel; crushed maize, to arrive, 4/9; less than 10-sack lots 2d. per bushel extra Meals: Maizemeal, 7/- per bushel; barleymeal, £B/10/- per ton: meatmeal. £l3; pigmeal, £B/5/-; peameal, £10; less than ton lots 10/- per ton extra. Linseed meal, £l5 per ton; nuts, £l5; less than half-ton lots 10/- per ton extra. Linseed: Whole. 22/6; crushed, 2a/-; less than sack lots 2/6 per cwt. extra. Chaff: Prime Blenheim. £9 per ton; under-grade lines. £B/5/- to £B/15/-; less than ton lots. 10/- per ton extra. Potatoes (seed): Canterbury-grown, hand-selected, Gamekeeper, £6 per ton; Arran Chief £6; Sutton's Supreme. £11; less than ton lots 10/- per ton extra. Peanuts: Java shelled peanuts, 4d. per lb.: Chinese, in shell, 3Jd. per lb.; less than sack lots, id. per lb. extra. Dairy butter: Pats and bulk, Bsd. to lOd. per lb. Eggs: Fresh, 1/3 to 1/5 per dozen. Poultry, etc.: Fowls —White Leghorns, 5/6 to 6/-; Black Orpingtons and heavy varieties. 8/- to 10/- per pair; geese, 10/t.o 12/- per pair; ducks, runners, 7/- to 9/-; heavy whites., 10/- to 12/- per pair; turkeys, 1/1 to 1/3 per lb. Pigs: 60’s, to SO/-; 6d. to 7d. per lb. Sundries: Shell grit. Tikaka brand, oyster or pipi, five-bag lots, 5/- bag, lesser quantities 5/6 bag: molasses, in casks about ocwt., 40/- cask; black leaf 40. in 101 b. tins, 55/-; 21b. tins, 14/6 per tin; lib. bottles, 5/3 each; loz. bottles, 12/6 per dozen; mutton birds, New Zealand salted, 6d. per bird; Tasmanian, in casks. 6d. per bird; superphosphates. £4/17/6 f.o.r. Smart Road; smaller ■ quantities through store, 7/-; blood and bone manure. 9/6; potato, 8/6; bonedust. 8/6 cwt.; charcoal, for poultry, in 501 b. bags, 12/6 per bag; rock salt, £6 per ton; less than ton lots 10/- per ton extra. CHICAGO WHEAT New York, November 22. Chicago Wheat.—December, 74J cents; . March, 77 cents; May, 79i cents; July, 75 5-8 cents. LONDON MARKETS Tallow and Hemp The Department of Agriculture has received the following cablegram, dated November 22, from the High Commissioner for New Zealand, London:— Tallow.—Poor demand at auction; 465 packages offered and 109 sold. Present quotations for spot are: —Mutton: Fine, 31/-; fair to good, 27/- to 28/6; dark to dull 25/6 to 26/-. Beef: Sweet and/or mixed, 28/- to 35/-; fair to good, 25/6 to 27/6; dark to dull, 24/- to 25/-.- Mixed: Fair to good, 25/6 to 27/-; dark to dull, 24/- to 25/-. Gut, etc.: 22/- to 25/-. Hemp. —Manila market quiet but steady. “K” grade . November-January shipment sold £23, and value. Output of Manila from January 1 to November was 1,112,000 bales, against 1,357,000 for same period last year. Stocks in Manila on October 31 were 108,000 bales against 213,000 at same time last year. Stocks In England 14,056 against'l2,lo7. Sisal: Market steady. Business has been done in first grade good marks November-January shipment at £22/10/- to £22/15/-; fair average quality first grade, £22; first grade tow, £lB/10/-. New Zealand: Little more inquiry for Immediate shipments, but no interest in distant consignments. Nominal value November-December shipment, highfair £23/15/-, fair £22/10/-, common £2l 10/-, rejected £lB/10/-; tow, second grade £l5, third grade £l3/10/-. No first-hand sales reported. Wool: Bradford market quotations for merino tops are firm. More Interest in crossbreds but quotations nominally unchanged. FURRED SKIN SALES Local and in London Owing to a fair number of consignments coming to hand, Dalgety & Co. Ltd. held a rabbit and opossum skin sale on November 20, and practically cleared all lots under the hammer. Taking into consideration the quality and condition of the skins offering, competition was fairly good and prices well up to the October sales quotations. London Rabbitskin Sales.—At the sales held in London on November 19, there was a good demand for furriers. Winters and first bucks were 10 per cent, to 20 per cent, higher, and incomings 5 per cent, to 10 per cent, higher than the September sales quotations. London Opossum Skin Sales.—At the October sales 32,000 New Zealand skins were offered, mostly last season’s. There was a fair demand for greys, which declined 25 per cent, as compared with last April, but darks did not attract much competition, and where sold were mostly 30 per cent, cheaper. Dalgety & Company have received the following cablegram from their head office: —Offered 2634 bales: sold 1550 bales. Demand good for furriers, winters, thin pelts, and firsts. Incoming 5 per cent, to 10 per cent, higher. Bucks 10 per cent, to 20 per cent, higher. Hatters difficult to sell. Pulling 10 per ceut. lower; unpelled, 20 per cent, lower. Light racks about September rates. SYDNEY WOOL SALES Prices Remain Firm (Rec. November 24, 10.30 p.m.) Sydney, November 24. The average price of the wool Eold last week was 8.3 d. per lb. The offerings at to-day’s sale were 10.647 bales, of which 9803 were sold at auction as well as 848 bales which • were disposed of privately. Prices were quite equal to last week’s with strong Continental and Japanese competition, and fairly good support from other sections of tiie trade. Greasy Merino made up to 26£d. The average prices for the last six weeks of the season's sales have been 8.5 d., 8.2(1., 8.2(1.. 7.8(1., 8.3 d. and 8.3 d. per lb. The offerings at Sydney wool sales for the rest of this week will bo: Tuesday, 10,071 bales; Wednesday, 10,300 bales; Thursday, 10,994 bales. AUSTRALIAN AFFAIRS A Warning The following brief statement ou the state of affairs in Australia is contained in a letter to a friend iu Christchurch from a man, prominent in the limiucial world in New Zealand, who has recently returned from a visit to Australia:— . “Tiie whole of Australia is in a state of uncertainty, and the most knowledgeable financial men are not able to see more than a month or two ahead at present. The outlook is depressing, and a severe crisis Is looming up; but if the politicians will mend their ways and reduce their expenditure, it may he avoided. Over there taxation has been Increased; there has been little or no retrenchment; anu the national income has fallen grievously. And In this country what do we find? Very much the same state of things. Impress most earnestly on your friends in Christchurch to warn New Zealand to avoid the dangers mill tiie pitfall into I which Australia ban fallen.’'

N.Z. LOAN AND MERCANTILE Sharp Decline in Profits Following is a comparison of the New Zealand Loan and Mercantile Agency Company’s results for the last three years:— 1928. 1929. 1930. £ £ £ Brought forward .. 47.597 51.196 58,412 Net profits 176.099" 179.716* 76,550 223.698 230.912 134,902 Staff fund 10,000 10.000 - Dividends— Pref. 5 p.c 50,000 50,000 50,000 Pref.'. GJ p.C 32,500 32,500 32,500 Ordinary p.c 8 8 4 Amount 80,000 80,000 40.000 Carried forward ... 51,100 58,412 12,462 •After writing £lO.OOO off premises account. Announcement of the final dividend was published on November 8. The profits declared are the lowest since 1923. when the amount was £02.582 and the dividend was 4 per cent. In the previous year there was n loss of £28.857, a dividend of 2 per cent, being paid. The accounts for 1928-29 show British, Australian, and New Zealand taxes amounting to £57,867.