COMMERCIAL.

Feilding Star, Volume 4, Issue 675, 6 January 1926, Page 7

COMMERCIAL.

CANT ERR URY PItODUCE. BALN BENEFITS THE CHOPS, Press Association. Christchurch, -January 5. Merchants have not been rushed since resuming business aider the holidays, there being no accumulation of orders to handle. However, crop developments arc creating a good deal ol : damage has been done to anev. Reports are that the week-end rain will do a great amount oi' good in filling out the wheat. The drying winds subsequently nullified some of fcho good effects, but the rain got wcl into the ground, yields as a result will he better than was expected, though, of course, well below last seasons’. Though the market is dull it is firm. Oats are likely to be a very short crop in the North and most of the Mid-Canterbury, but further south the position is good and normal yields are expected. A good deal of the crop-in the northern end of the province is alretdy in stook. At the moment forward quotations for A Gartans is 4s 6d f.o.b. 5.1., auQ for B’s 4s 3d. Chaff has firmed up during the past few weeks, and good quality chaff "is worth, on trucks, at country stations, from £4 10s to £4 los per ton, secondary £4 to £4 7s 6d. There has been a fair local demand. There is very little offering from far-

mers. An influence in the sec dmarket is the heavy floods in England and on the Continent. .Reports are that a good deal of dafage has been done to crops and that instead of much exportation, importation is possible. - Perennial ryegrass is in firm demand at 6s f.o.b. South Island for 27-281 b seed, and to 6s 3d for 30-31 lb seed, equal to 4s 3d to 4s 6d on trucks to farmers. Italian .and ’Western Wolths arc quoted at 4s Oil f.o.b. South Island, o r 3* 3d on trucßs. The general opinion is that Canterbury crops will be light. Cowgrass is firm at lOd on trucks

itli littlo.doing

Cocksfoot is very quiet. The Peninsula crop will again be small, but the quality wil be much better. Up to 12d for maeliine-dressed and to 7d on trucks are quoted.

Potatoes generally are looking well after the rain, of which they were much in need. Merchants are offering £4 per • to n on trucks for the main crop (April-June), but there is little responso at this figure. Another 10s a ton would probably lead to business.

FROZEN MEAT MARKET

Levin and Co. Jiave received -the following cable from their London agents:—

Frozen meat quotations (prices on a delivered basis, i.c., including storage charges, cartage, tolls, etc). Down lanlbs 28 to 421 b, non offering; Best North Island, 28 to 421 b, 9d per lb; ordinary NorthTsland, 28 to 421 b, Sid; second quality lambs, 8 3-Bd. Best North Island wether sheep, 48 to G4ll>, 7d, 64 to 721 b Gild: ordinary North Island wether sheep, 48 to Glib, Gild. North Island ewes sd, Of to 721 b, lid. Now Zealand prime ox beef, 160 to 2201 b, 4gd.

The market is steady, but quiet with little more inquiry.

OUR PRODUCE AT HOME. b'l’e N.Z. Farmers’ Co-operative Distributing Co. has received the following cable from the London office : The butter market, after signs of steadiness, is slightly weaker, with trade poor. New Zealand 168 sto 170 s, Australian IGOs to 1625, Argentine 13G to 1465. Cheese is weak. Now Zealand 90s to 975. For lambs and mutton the tone- is rather better, due to the decrease in River Plate supplies. Prices are unchanged. Beef is dull.