Commercial GRAIN AND PRODUCE

Dominion, Volume 29, Issue 304, 19 September 1936, Page 4

Commercial GRAIN AND PRODUCE

Christchurch Markets By Telegraph—Press Association. ' Christchurch, September IS. Potatoes, have come back about 10/- a ton since the high levels reached in the middle of the week. A further shipment to South America has been the main support of the market, but there also has been a healthy demand from Auckland, where stocks appear to be short and where there is some desire to cover requirements till the Pukekbhe crop comes in about the end of next month. The Auckland market was at one stage rather excited and goal business was done from here. All space in two ships for next week has now been taken and this has been the main reason for the slackening in price, as buyers will not commit themselves far ahead. Quotations were wide to-day, but nominally whites are worth £5/15/- a ton on trucks and Dakotas £B/5/-, Graded fowl wheat meets a spasmodic demand and the price remains steady. Undergrade wheat has a fair demand, though there is more offering. Prices range up to 4/5 f.o.b. for the bast. A weakness in the Blenheim market for chaff has been followed by a weakness here, and though prices have not slipped further, the outlook is not encouraging. Gate are meeting a fair inquiry at up to 2/10 for Gartons and 2/4 for Algerians. The weather has held up operations in the country and spring planting is not proceeding as it should. There is a fair inquiry for email seeds, but drier weather is needed to allow the spring demand to develop fully, $ King Solomon Mine Bv Telegraph—Preets Association. Invercargill. September 18. The return at the King Solomon mine thip week was 260 z. 2<lwt. for five days’ work. Nemona Di'edge Return By Telegraph—Press Association. Greyinouth, September 18. The Nemona dredge return was 490 z. 12dwt. for 16,100 yards in <l3l hours. Lamb and Mutton Prices Firm Lambs: The market is quiet but firm. Wethers: The market is firm; moderate business has been done. Ewes: Both demand and prices are steady. Chilled beef: Trade is slow owing to heavy supplies of fresh meat. Pork: The present demand is good, and likely to continue. Trade generally is quiet. The above report was received yesterday by Henry 8. Fitter and Sons, Ltd, from. their London office, which quotes prices as follows: New Zealand lambs, down, 2’s, 7 3-Bd. to 7}d.; secondary lambs, down, 7id. to 7 5-Bd.; New Zealand lambs, 2’s, 7 l-Bd. to 7}d.; B’s, 7d. to 7}d.; 4’s, 6}d. to 6 5-Bd.; secondary lambs, 6 7-Bd. to 7 l-Bd.; New Zealand mutton, small, 4-Jd. to s|d.; large, 4d. to 4 3-Bd.; New Zealand ewes, small, 4 l-Bd. to 4 3-Bd.; large, 3 5-Bd. to 4 l-Bd.; New Zealand beef, ox hinds (frozen), 3jd. to 3jd.; fores (frozen), 2RI. to 2 5-Bd.; Dominion chilled hinds. 4}d. to sjd.; fores, 2Jd. to 3d. South American chillen hinds, s}d. to 6d.; fores, 3d. to 3}d. New Zealand pork, to 6RI. Australian lambs, 5 3-Ba. to 7 l-Bd, Argentine lambs (new season), 6d. to 7£d. Wellington Poultry Market Prices of live poultry on the Wellington market' this week are quoted by Townsend and Paul, Ltd., as follows: — Fowls: White Leghorns, hens, 2/6 to 3/6 each; cockerels, 2/6 to 4/-; pullets, 2/- to 3/6. Black Orpingtons, hens (heavy), 4/- to 6/- each; (medium), 2/6 to 4/-; cockerels (heavy), 5/- to 6/6; (medium), 3/- to 4/-. Rhode Island Reds (heavy), 6/- to 8/-. Ducks: Indian runner, young, 3/- to 4/6 each; old, 2/6 to 4/-; white, heavy, 6/- to 7/-. Geese, 4/- to 4/6 each. Turkeys, 9d. to lOd. per lb. Bulolo Gold Deposits Bulolo Qold Deposits, Ltd., is in receipt of advice from the manager of Wan, New Guinea, that 18,000 cubic yards of wash were treated during 445 working hours for n recovery of 2070 z. of gold. The directors report that the company has taken an option on satisfactory terms over a large potential dredging area at Graytown, V. Arrangements will be made at an early date to carry out preliminary testing operations. Should results be satisfactory negotiations will Ee l entered into for the disposal of the area to the benefit of shareholders. Overseas Wheat Markets By Telegraph— Press Assn.—Copyright London, September 17. Wheat cargoes to-day were firm and dearer. Parcels were higher. Futures. —London, October 35/5} a quarter, January 35/11}; Liverpool, October 7/84 a cental, December 7/81 March 7/4' 1-8. The spot trade is quietly firm. Australian, ex ship, 40/9 a quarter Flour is firm. Australian, ex store, 28/- to 28/6 a sack. Chicago wheat futures: September. 114 1-8 cents a bushel; December, 113 5-8 cents; May, 112} cents. Melbourne Produce Markets Melbourne, September 18. Wheat, 5/0} a bushel. Flour, £l2/5/a ton. Bran, £5/15/-. Pollard, £6. Oats, 2/4 a bushel. Barley. English, 3/3 to 3/4. Maize, 5/2 to 5/3. Potatoes, £7/5/- to £8 a ton. Onions, £l6. N.Z. Pound Abroad Based on the figures quoted by the Bank of New South Wales the New Zea land pound, compared with its original oar value, is equivalent to approximately 16/1 In London £l/0/1 in Australia. 16/8 in U.S.A. 16/7? in Canada. 9/11 in France. 11 /If in Italy. 9/10 in Germany. 9/9} in Java. £l/7/102 in Japan.