LATE COMMERCIAL

Evening Star, Issue 19931, 30 July 1928, Page 9

LATE COMMERCIAL

CANADIAN WHEAT POOL

Press Association—By Telegraph—Copyright.

WINNIPEG, July 28. The record largest interim payment by the Canadian wheat pool, of which the total exceeds 34,000,000 dollars, has been paid to the provincial pools of Manitoba, Saskatchewan, and Alberta as the central selling agency. This is the second interim payment for the 1927-28 crop, tho first payment of 15 cents per bushel having been made on March 10.

Mr E. B. Ramsay, manager of tho central selling agency, stated that all deductions for elevator, commercial reserve, carrying charges, etc., had been made. The final payment at the end of the crop year will be a flat payment on all grades, Mr Ramsay stated that the 1926-27 crop had a difficult market, duo to tho heavy rains during the threshing season, but tho 1927-28 crop, of which a largo volume suffered from frost, rust, and excessive moisture, was an even greater problem. There seemed to bo general satisfaction at the manner in which the selling problems had been handled and tho average price secured for members' wheat.—Australian Press Association. RABBITSKIN SALES. Press Association—By Telegraph—Copyright. LONDON, July 27. At the rabbitskin sales 2 ; 760 bales were offered, and 2,050 were sold. Hatters were in. strong demand, and advanced an average of 10 per cent. Australians were 5 per cent, to 10 per cent, higher for pulling and 10 per cent, to 20 per cent, for unpulled. New Zcalands corrcspondingsly were 5 to 10 to 15 per cent. New Zealand. 1 reshly-arrived furriers’ sorts were 5 per cent, dearer, hatters’ sorts averaged 10 per cent, dearer, Australian furriers sorts sold freely at an advance of 5 per cent. Tho majority of the withdrawals were New Zcalands. chiefly seconds and late winter bucks. —Australian Press xVssociation. GRAIN AND PRODUCE. Messrs Donald Reid and Co., Ltd., report as under; — Oats.—A lifeless feeling still exists in this market. Merchants are looking everywhere for an outlet for their stocks, 'but no business is eventuating. The seed demand has not yet made its presence noticeable, but that will come later. The opinion is expressed in some quarters that much less acreage will be sown this year. Very few samples are offering from farmers, and the otters received are on a much lower sen lo than those existing six weeks ago. \Vc quote:—A Gartens, Js 3d; B grade, ~s ]od (sacks extra, on truck, country stations). , Wheat.—An odd sample is still arriving, and farmers are accepting the present ruling prices. Ploughing has been carried on. right through the winter months, and a good deal of wheat has already been sown, especially Velvet and Hunters varieties,. Tuscan is sown mainly in tho spring, and a fair quantity of seed had already been booked for this purpose. Millers have ample stocks on hand, and inquiries from produce merchants for fowl wheat are not so noticeable as in previous years. A good deal of fowl wheat is held in store. W« quote:—Tuscan. 5s 6d to 5s 8d; Hunters, 5s TOd to 6s (on truck, country stations); fowl wheat, 5s 6d to ss* 9d (ex. store, Dunedin, sacks extra in each case). Chaff.—There is more arriving at present than the local demand is capable of absorbing; consequently a fair proportion is going into store. This will no doubt bo required when the spring work claims the farmers’ attention elsewhere. A largo proportion of tlio consignments is coming from the Ashburton district, and as the chaff is of excellent quality merchants arc inclined to look to that quarter for their requirements. Wo quote; — Prime, .Co 10s (ex truck, Dunedin) ; medium from £4 10s lo £5 (ex store, sacks extra in each «««)• „ .

Potatoes.—Consignments are not arriving very freely. Canterbury merchants can obtain better money than is offering hero by shipping direct to Auckland. The local market is thereforo dependent at present on stored stocks. Owing to the mild weather these stored tubers arc showing growth much earlier than usual, and holders aro reluctantly compelled to sell. Fair average quality potatoes arc realising up to £0 5s (sacks in, ex truck), and best Stirling and Taieri are selling ex store from £6 10s to £G 15s per ton (sacks in). LONDON PRODUCE MARKET. The Bank of New Zealand has received the followinig advice from its London office as at close of business last week;— Butter: Quiet; 180 sto 184 s per cwt. Cheese: Quiet; 109 s to 110 s per cwt. Frozen meat: There is a little better demand for wethers, and for ewes the market is quiet hut firm. The demand for lighter-weight lambs is good, and the market for beef is quiet and unchanged. Wethers, light, 7d to 7|d per lb; heavy, 6d to 6|d per lb. Ewes, 5d to 53d per lb. Lambs, twos, 9|d to lOjd per lb; eights, 9Jd to 9|d per lb; fours, 9.id to 9Jd per lb; seconds, 9Jd to 10Jd per lb. Ox hinds, s£d to Cd per lb; fores, 3d to 33d per lb. Cow hinds, Cd to 5Jd per lb; fores, 3RI to 31. d per lb. SALES ON ’CHANGE: THIS DAY. Auckland. —Hayward’s Pictures, 20s; National Bank of Australasia, £9 6s; Soldiers’ per cent. Loan, £101; New Zealand Breweries (Deb.), 23s lid; Auckland Gas (ex div.), 22s 4d. Reported: War Loan (1938), £99.