COMMERCIAL.

Hawera Star, Volume XLVI, 26 January 1927, Page 10

COMMERCIAL.

SOUTH ISLAND PRODUCE. (11l TJSbKOJBAPH PlliiSS ASSOCIATION.) CHRISTCHURCH, Jan. 25. Produce is now coming forward in fairly heavy quantities, and. not since pre-war days has there been such a run of generally low prices. The millers are paying 5s 6d on trucks for February wheat, but are shy about subsequent months. With the very substantial margin that is to be made out of imported hour they can scarcely be expected to speculate much in futures. Algerian oats are being offered freely, and some sales have taken place at 2s 3d a bushel on trucks. The sample generally is good. Gartons are quoted at 2s 6d to 2s Bd, but there is practically no buying. Chaff is quoted at £5 2s 6d a ton, at which some purchases have taken place. From £3 5s to £3 7s Cd on trucks covers the offer. Potatoes are quoted at £4 10s f.o.b. sacks in, or £3 5s to £3 7s 6d on trucks. Purchases of April deliveries have been made at the latter price. HIGH COMMISSIONER’S REPORT. The Department of Agriculture lias received the following cablegram, dated January 22, from the High Commissioner for New Zealand, London: BUTTER. Lower-priced descriptions sold readily. Finest, slow. Official quotations New Zealand. —Finest salted (new season’s). 172 s to 174 s per cwt. (Is 61d per lb). Unsalted: 182 sto 184 s per cwt (Is 73d to Is t3d P er Other qualities: 150 sto 166 s per cwt. (Is 4d to Is 53d per lb). Finest (stored) : 164 sto 166 s per cwt. (Is 53d to Is 53 per lb). New Zealand Control Board minimum prices are : Finest, 174 s per cwt. (Is 6Jd per lb); first grade, 172 s per cwt. (Is 63d per lb). Australian. —Salted, 166 s to 170 s per cwt (Is 53d to Is 6id per lb). Unsalted : 170 sto 174 s per cwt (Is 6Jd to Is 63d per lb). Other qualities': 146 s to 164 s per cwt. (Is 3Jd to Is old per ll>). Argentine.—TJnsalted : 156 sto 160 s per cwt. (Is 43 to Is 5d per lb). Other qualities: 144 sto 154 s per cwt. (Is 3-id to Is 4id per lb) Danish.—l76s per cwt. (Is 63 per lb). CHEESE. Official quotations are: — . English Finest Farmers’ (demand is good).—108s to 112 s per cwt. (113 d to Is per lb). Canadian. —Finest coloured ana white (steady): 96s to 100 s per cwt. (103 dto 103 d per lb). . _ , New Zealand. —Market quiet for finest, steady demand for first and second grade. Control Board inini—mum prices are : —Coloured : Finest 95s per cwt. (10id per lb), first grade 94 per cwt. (10 per lb). White: Finest 94s per cwt. (lOd per lb), first grade 93s per cwt. (93d per lb) Australian. —Coloured (stocks almost exhausted): 93s to 94s per cwt. (93d to 10d per lb). LONDON PRODUCE MARKETS. The Bank of New Zealand produce department has received the following advice from its London office underdate 21st inst.: — , ■ Butter. —Very slow. Stored 166 s per cwt; * controlled 172 s to 174 s per cwt. „ „ _ , , Cheese. —Steady demand for first and second grades. Controlled, white 93s to 94s per cwt; coloured 94s to 95s per cwt. „ . ~ Frozen meat. —The advance m the quotations for wether mutton has checked the demand. The market is depressed for ewes owing to absence of demand. Prices for lamb are maintained with difficulty. Wethers, light 63d to 7d per lb; heavy 53d to 63d per lb. Ewes, 3fd to 43d per lb. Lambs, 2’s 10id to lid per lb; B’s 10Jd to lid per lb; seconds 93d’ to lOd per lb; Australian 6ld to 9d per lb; Argentine 6d to 7d per lb.