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COMMERCIAL.

THE MARKETS.

Press Association—By Telegraph—Copyright. LONDON, November 28. Wheat.—The market is lifeless, and prices are tending in buyers* favor. The unofficial estimate of the Argentine crop is 5,500,000 tons, leaving an exportable surplus of 4,000,000 tons. Jute.—November-December shipment, £ls. Cotton.—May-June shipment, 4.2li<L Copra.—South Sea October-Novembor shipments, £24. Rubber.—Para, 2s B^<i; plantation, 2s lid: smoked, 2s ,4d. Silver, 22jd. Aluminium. —Spot, £B3; three months, £BS. ,

(Received November 30, at 8.30 0.m.) Rabbits.—Very firm owing to the shortage; Australian blues, 20d in store, are likely to fall to the normal level when seven due steamers arrive. Frozen Meat.—All Canterbury . sorts 53d: Southland. 5Jd; North Island, 5 11-16 d; best brands, 53d. Beef—fores 53d, hinds 6jd; Australian lambs, fair, 6 3-16 d ; beef—fores 63d, hinds j>]d ; South American ewes, 63d; light, 63d : beef—Argentine, frozen fores SJd, hinds 6,hi: chilled fores s|d, hinds 6£d ; Uruguay, frozen fores S|d, hinds bd. A MARGARINE COMPANY. Press Association—By Telegraph—Copyright. LONDON. November 29. (Received November 30. at 8.30 a.m.) A new company, to be known as Purgen’s, Ltd.. with a capital of half a million, has been registered to acquire the British brands)?) of the Dutch margarine firm of that name. . GRAIN AND PRODUCE. Messrs Dalgety and Co., Limited, report as follows: Oats.—Offerings from tho country have been light of kite. There is a good inquiry for all grades, ami values remain tirin' W’e quote: Prime milling, 2s 9d to 2< 10(1 ; good to best feed, 2s 7d to 2s 8d ; medium to good. 2s 5d to 2s 6d per bushel (.-acts extra). Wheat.—ln the abrenee of supplies there is no business passing, and it is difficult to state values.

Potatoes. — There u : a good inquiry for prime ftedily-picked, tubers, but very few of this description aie coming forward, with the result that values tor these are elightlv firmer. Medium and inferior lots are more plentiful, and difficult to quit. We quote: Prime freshly-picked tables, JP4 5a to £4 15s; others, ’from £2 10s to £3 10s per ton (sacks in). Chaff.-- -Consignments during the pae.week have been light, the quantity comint; forward being barelv equal to the demand. and any prime lots arriving are meeting with a ready rale at slightly advanced rates. We quote; Pi ime blurk oaten sheaf, to £4 15s ; best white oaten sheaf. £4 7s 6d to £4 12s 6d : medium to irood, £4 to £4 5s per ton (fades extra).

Messrs Donald Reid and Co.. Ltd., report .—We held our weekly auction sale of grain and produce at our stores to-day, when values ruled as under: Oats.—No business of any importance has transpired during the week. I’™ ll ® Cartons and Sparrowbills continue to find most favor with shippers, who, although not quite such keen buyers, are open to take choice lots when suitable delivery can be arranged. Medium quality meets with fair local demand. We quote : Prime milling Gartons. 2s 9d to 2s lOd; good to best feed, 2s 8d to 2s 9d; inferior to medium, 2s to 2s 7d per bushel (sacks extra). Wheat.—No consignments have come forward, and in the absence of business late quotations are nominally unchanged. Potatoes.—There is good inquiry for prime table potatoes, but most of those now coming to hand are in only medium condition. Supplies were arriving freely last week, but have now fallen oif. Wo quote: Best table potatoes, £4 5s to £4 15s: medium to good, £3 to £4 per ton (sacks included). . . Chaff.—Prime oaten sheaf is in strong demand, and is readily saleable at an advance of 2s 6d per ton. Medium quality also meets with fair inquiry, but has not so many buyers. We quote : Prime oaten sheaf, £4 10s to £4 12s 6d; choice black oat. to £4 15s; medium to good, £3 15s to £4 ss; light and discolored, £3 to £5 10s per ton (bags extra). CRASS SEED MARKET.

Mr A. H. Cockayne, biologist of the Agricultural Department, an article on ‘The Grass Seed Outlook’ to tho ‘ Journal of Agriculture,’ which farmers would do well _to note. Ihe article concludes by saying :

Were it not for the rather slow reading of the financial barometer the bush farmers of the Dominion would have little ground for complaint. The obvious lesson from tho dislocation of certain phases of the seed position arising out of the present crisis is that the New Zealand farmer should devote more attention to the growing of pasture seeds rather than looking upon this industry as a by-product of his grazing lands. This is largely the position of our seed industry of the present day. It has not yet obtained the systematised business of the European farmer, who has proved that it is a phase- of specialisation which in favored localities it pays well to pursue. The farmers of the Dominion who _ may be emboldened to embark on this enterprise may do so with every guarantee of security, for there are many reputable seed firms in the country who, by reason of the most modern machinery and plants, are enabled to treat the seed to the best advantage, and who by means of extensive business connections both in the Dominion and abroad are in a position to pay tho farmer well for his produce. By prearrangement with these, the farmer would enter upon seed production on an absolutely safe footing. It is most feasible that by an understanding between producers and tho trade the total seed requirements of the country would he produced within tho Dominion. This would no doubt not only prove satisfactory’ to the grower, but would be decidedly beneficial to tho country in general, as the great annual expenditure on grass seed, essential in a country where tho .pastures .are the dominant source of tho national revenue, would bo circulated within New Zealand. The elimination of the German seed trade affords a unique opportunity for the British Empire to regain her once commanding position in tho grass seed market, and there is no part of tho Empire where the possibilities of pasture seed production are so groat as in the Dominion of Nem Zea-

The coal output last week of the Westport Coal Company’s mines was 13,766 tons 9cwt (coke, 20 tons lOcwt); and of the Westport Stockton Company, 2,415 tons 17cwt. Last week’s coal output was as follows :—North Brunner, 677 tons Bcwt; Brunner. 433 tons; Blackball, 3,596 tons; Point Elizabeth, 2,711 tons 19cwt; Liverpool, 1.103 tons 14cwt; Paparoa, 1,614 tons. Total, 10,036 tons lewt.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19141130.2.46

Bibliographic details

COMMERCIAL., Issue 15663, 30 November 1914

Word Count
1,074

COMMERCIAL. Issue 15663, 30 November 1914

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