PRODUCE MARKETS

Evening Star, Issue 23059, 10 September 1938, Page 12

PRODUCE MARKETS

LITTLE INTEREST IN WHEAT POTATO POSITION UNSATISFACTORY DISPOSAL OF SURPLUS SUPPLIES Bray Bros., Dunedin, report for the week ended to-day:— Little interest is being shown in the wheat market, apart from business in seed lines and supplies for poultry purposes. Tho fowl wheat market is unchanged, the wholesale price for best quality remaining at 6s 6d a bushel (sacks extra), ex store. Supplies for the local market are being drawn from both Otago and Canterbury. Another shipment of Australian wheat is due for North Island ports early in October. Wholesale prices are as follows: Flour.—2oo’s, £l3 15s 6d; lUO’s, £l4 12s 6d; 50’s, £l4 17s 6d; 2o’s, £ls 7s Cd. Bran, £5 5s a ton. Pollard, £6 15s a ton. Oatmeal.—2oolb sacks, £l9 a ton; 2o’s, £2O a ton.

The shipping market in oats remains unchanged, so far as this district is concerned. Other ports are quoting 3s 4d, f.0.b., e.i., for A Cartons and 3s, f.o.b v s.i., for B Cartons. There is a good demand in the country districts for seed purposes. Stocks are light in the country, and farmers are drawing their requirements from the stores. A fair demand exists for seed purposes, and it is expected that this will continue during the month of September. The inquiry for chaff is inclined to slacken. Supplies, however, are not heavy, and values for the best quality remain unchanged at £6 10s a ton (sacks extra) The potato market continues. in an unsatisfactory position, and it is very difficult to make sales. Distributors are only buying from hand to mouth, and the stores are holding substantial supplies. The nominal quotation for the best quality is £3 10s a ton (sacks included), ex store. . . Attempts are being made to interest the Government in the disposal of the surplus supplies in the South Island, but there does not appear to be any prospect of relief through exports overseas. The Australian Government has definitely refused to permit the importation of New Zealand potatoes, and there is no possibility of an export business to South America. The spring demand for seeds is developing earlier in the. Otago district this season than in previous years. All the markets remain firm, with limited supplies available. There has been an inquiry for some lines, such as crested dogstail and white clover. Certified ryegrass continues in short supply, and that applies also to ordinary ryegrass of good germinating quality. The cocksfoot market is unchanged. Stocks of good quality white clover are scarce, and supplies are difficult to secure; There is not much interest being displayed in brown top. and the demand from overseas is still on the quiet side. Merchants anticipate, however, that the . inquiry for brown top will show an improvement later on. FRUIT AND VEGETABLES. The last shipment of bananas ex the Maui Pomare . hasi now been cleared from the markets, end until the Matua shipment arrives nest week there will be afi acute shortage. Owing to better weather being experienced the demand for bananas has increased considerably. For the first time this season the market is cleared of old stocks of Australian oranges. From now on it appears as if the demand will he greater than the supply. .The last Dunedin quotas ex the Waitaki consisted or oranges from South Australia, and they landed in perfect condition, and were sought after by retailers. New Zealand-grown lemons are not so plentiful, and the market is a little Poorman oranges are still slow of Apples are not so plentiful, and the market is at last showing a better tone. Cauliflowers are more plentiful. Cabbages continue in short supply. Supplies of lettuce are equal to the demand. Swedes and carrots are in heavy supply, and parsnips in fair supply. The following prices were realised during the week : —A Dozen. — Carrots, Is 4d. Parsnips, Is 4d. Eggs, market rates. —A Bag.— Swedes, Is to Is 3d. Carrots, 2s. Parsnips, 3s 6d to 4s. —A Sack.— ' Cabbages, 8s 6d to 10s. Cauliflowers, 6s to 10s. —A Case. — Apples: Stunners, 6s 6d to 7s 6d; Jonathans, 9s to 12s; Delicious, 8s to 10s; cookers, 6s to 7s 6d. Lemons (New Zealand), 10s to 15s. Oranges (Australian), 14s to 20s. Bananas, 16s 6d to 18s 6d. Pears, 5s to 6s; large case, 10s to 12s. ■ FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for purchase and sales of foreign exchanges (all rates tub ject to alteration without notice);— Buying. Selling

DOLLAR RATES. I'he Atsociatod Bank* (other then tb« Bank of New South Wales) quoted the fol lowing dollar rates to-day on a New Zee land currency basis. They are subject t. alteratisn without notice:— O.S.A. CANADA (Per £1 N.Z.) (Per £1 N.Z. SELLING— T.T. (dol) ... 3.85 1-2 3.86 5-8 O.D. (dol) ... 3.85 3-4 3.86 15-16 BUYING— O.D. (dol) ... 3.90 1-4 ' 3.91 9-16

London— £100 stg. N.Z. T.T. £124 O.D. £123 11/3 £124 10/ £124 0 It Australia— £A tc £100 N.Z. X.T. £100 17/6 £100 5/ Fiji— £F to £100 NZ T.T. £90 7/6 £89 New York — Dollar to £1 N.Z. T.T. O.D. 3.8976 3.9026 3.8634 3.8644 Montreal— Dollars to £1 N.Z. ... ... T.T. O.D. 3.9080 3.9167 3.8755 3.8765 Belgium— Belgas to £1 N.Z T.T. O.D, 23.194 23.269 22.884 22.889 Czechoslovakia — Korunas to £1 N.Z T.T, O.D. - 111.25 111.27 Denmark— Kroner to £1 N.Z T.T. O.D. 18.203 18.263 17.893 17.895 Finland— Marks to £1 N.Z T.T. O.D. 185.39 185.79 179.59 179.69 FrancoFrancs ti £1 N.Z T.T. O.D 144.76 142.26 142.28 Uermany— Reichsmarks to T.T £1 N.Z. ... O.D - 9.596 9.598 (Ireece— Drachmae to £1 N.Z. _ T.T. O.D. 429.5a 429.69

Holland— Florins to £1 N.Z T.T. O.D. 7.270 7.310 7.120 7.122 Italy — Lire to £1 N.Z T.T. O.D. - 73.463 73.488 JavaFlorins to £1 N.Z. ... ... T.T. O.D. 7.247 7.287 7.097 7.099 Norway— Kroner to £1 N.Z. ... ... T.T. O.D. XB.182 18.2M 15.89* is.eot Noumea— Francs to £1 N.Z. ... ... T.T. O.D. 147.26 140.51 140.5' Papeete— Francs to £1 N.Z T.T. O.D. 146.66 140.66 140.7C Sweden — Kroner to £1 N Z T.T. O.D. 15.784 15.844 15.486 15 49f Switzerland— Francs to £1 N.Z T.T. O.D. 17.299 17.404 17.023 17.031 HongSong— N.Z. pence to 1 doUar ... T.T. O.D. 18 7-16 18 13-32 18 13-lt 18 13-K India and Ceylon— N.Z. pence to T.T. 1 rupee ... O.D. 22 3-32 22 1-16 22 5-8 22 3-8 Japan— N.Z. pence to 1 yen T.T. O.D. z 17 33-64 17 33-64 Manila— N.Z. pence to 1 peso T.T. O.D. 30 15-64 30 9-64 30 57-64 30 57-64 Singapore— N.Z. pence to 1 dollar T.T. O.D. 34 13-32 34 5-16 34 57-84 34 57-64