COMMERCIAL.

Hawera Star, Volume XLVI, 9 April 1927, Page 10

COMMERCIAL.

— * SOUTH ISLAND MARKETS. SLOW BUSINESS WEEK. (by tbjbkguaph—press association.) CHRISTCHURCH, April 8. Merchants state that the past week lias been particularly slow for_ business, very few orders coming to Inland, and they are expecting a quieter time during" the period directly ahead than was experienced in the past lew months, having 'sufficient on hand to satisfy all requirements for .some time to come. Millers are displaying no anxiety to buy wheat at present. Growers, dissatisfied with the prices offering, are, in many cases, puttiiiir their wheat in ■store, having been advised that they will be wise to do s 6. 'Wheat is sti'M being quoted at 5s Id, and in some .instances at 5s fid per bushel on trucks to farmers at country stations. The millers’ idea of the question is naturally very different from that of the growers, and they state that in view"of many good returns that are evident in Canterbury to-day the growers can afford to accept a lower figure tlian they got last season. They state further that while they are now paying 5s Id. they were previously giving 6s, and consequentliy the average is about os 6d. A number of farmers who were offered 6s some time ago refused to accept that figure, and a good proportion of them are now storing their wheat in anticipation of a letter price being realised later. Oats have shown a little more life during the past few days, although there is methaps no olio table difference, and chaff has livened up in sympathy, being now worth at least £3 10s per ton. Partridge peas are a.’so a little brighter, being quoted at_7s per bushel on trucks at coutnry stations. The Wingatiii, which left this week for Auckland, took over 2800 sacks ot potatoes, and the Waipiata is expected to take about 4000 sacks. Sonia merchants claim that the market is better than it was a few days ago. but outlie other- hand another merchant said today that while potatoes were sold at 95s f.0.b.. 5.1.. Lyttelton, for Mav.Tun ■ delivery, they could he bought bv merchants later at 92s Od. The nriec to farmers to-dav is from £3 10s to £3 15s on trucks at country .stations. Dissatisfaction is also expressed bv growers at the present prices, offered for onions viz.. £2 7s 6d. and. were il not for the fact that many arc short of monov they would prefer to hold oti to 'them until later in The season.

RUTTER AND CHEESE

Messrs A. IT. Turnbull and Co. report as follows upon the Homo butter and cheese market:—

Batter.—Following on the Control Board’s decision to abandon price-fix-ing, and t<. dispose of 90,006 boxes weekly, quotations were dropped to sales level and buyers began io operate fairlv free y at round about 1465. With prices on a low. r level, Canadian and American buyers were tempted to compete for the limited offerings, and greatly assist, d in firming the market To 1545. Our estimate of unsold stocks at March 3J. is approximately 330,000 boxes. If we add the April-May-J tine arrivals, w.' find we have a total of 1.092.1.62 boxes to dispose of by June 30. Taking 90,000 boxes per week, the available ouantit.v should b.e marketed, but only if the weekly allotment is fully sold, and this may prevent anv possible hardening of prices. Another factor must be considered, and this is that we are now faced with tb. approach of the Northern Hemisphere season, which, if early and prolific, may yet upset all calculations.

Cheese. —The che.se position is decidedly unsatisfactory. An. ■accumulation of approximately 10,000 tons was still held in London on 'March 31, and, although prices are ranging below 80s pin- cwfc., stocks are moving slowly. Arrivals in Anril will he. over 10,000 tons, •so that uni' ss a very much better demand sets in. it wii' be difficult to clear stocks before the competition of Canadian fodder makes itself felt.

THE HOME MARKETS. SHEEPSKIN SALES. •4 y /, viOqpT (TTOV—rnpVlt ir.W'l LONDON, April 7. At the sheepskin sales there was good all round selection and genera l competition from the Home trade, well supported by America and the Continent. There were very few withdrawals. and prices: were all dearer than those in February. In Merinos, best sorts made a 7-1 per cent advance, others 5 per cent ; short woo I led Merinos, also lamb skins and hoggets, 71 per cent. Ha If bred fine, medium and coarse, crossbreds, and pelts all made an advance of 5 ner cent.

The Bradford fops, market is dull and pessimistic, with very little inquiry. .Quotations are only nominal. Sixty-fours quality. 48d; sixties, 44d ; fifty-sixes. Mid: fifties. 27-Jd; fortysixes. 22?.d : forties, 20} d.

CEREALS. LONDON. April 7. ‘Particulars of tlio cereal market are ns under: Wheat.—Australian cargoes are in demand at advances of 3d to fid. In parcels a quiet trade is being effected at advances of 3d to fid. Liverpool futures: May, 10s -It'd; duly. 10 s 2;d ; October. Os n.'.d. Tlio sj>o 1 track' is sln'.v ; Australian ex store. .V>s. Flour. - Quiet; Australian ex store 3!'s. Oats.— Firm; Australian Algerians. 28s to 20s; A grade Cartons, 28s to 30s. Pons.— Dine, dull owing (o - heavy Japanese simplies; Australian and New Zealand, neglectd ; Tasmanian. 300 s Id 380 s: New Zealand, 320 s to 2-!’:s. Maples are in small supply and prices are lirii,. Tasmanian make, I2o> to 12.05: New Zealand. 110 - to lids.

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