COMMERCIAL

Hawera Star, Volume L, 10 September 1930, Page 8

COMMERCIAL

CANTERBURY PRODUCE' MARKET

BUSINESS GENERALLY QUrET

(By Telegraph—Press Association.) CHRISTCHURCH, Sept. 9. Generally speaking, business m the local grain and produce markets is quiet. The general opinion in regard to wheat appears to be there will be no shortage in this year’s supply and that there will be no substantial carry-over. On the basis of an aggregate yield of 17,230,000 bushels of wheat ais disclosed in t-h© officia. statistics, the' yield pep acre works opt at about 80.68 bushels. A little forward business has beerdone, next season’s Tuscan having been sold at os 9d f.o.b. at Lyttelton, equal |to about os 6d on trucks, but milleis are disinclined to buy forward and farmers in general do not seem anxious to sell. No velvet wheat is being, offered. Hunters is quoted at 6s 2d' and Tuscan at 6s, on trucks in each case. Eowl wheat is quoted at 6s Id f.o.b. . , . The oat marekt is quiet, the shipping business being done from Bluff or Dunedin, as oats are more plentiful in tlie south than in Canterbury. Southern quotations are 3s 7id to 3s 8d f.0.b., sacks in, at Bluff or Dunedin for A Cartons, compared with 4s for A grade and 3s lid for B grade ■f.o.b., .sacks in, in Canterbury. The on. truck price in Canterbury is 3s 6d for A’.s and 3s 3d to 3s 4d for IPs. The indications are for a. larger sowing of oats in Canterbury this season than there was last year. There is practically no linseed being offered, the season being nearly over. To-day’s value is £l4 15s a ton. The chaff market is quiet, and inclined 1o be easier than it was. Today’s quotation is £.4 15s to £-5 a ton on" trucks. One of the reasons prompting farmers to sow more oats this season is found in the fact that chaff has maintained a igood price throughout the winter. The market for partridge peas is steady at late rates. No. 1 is worth os on. trucks and fags are 6d less. The market for small seeds is dull and very little business- is ..being done for spring sowing. Tbe weather is probably accountable for delaying this work. The onion market has iimproved in recent weeks, the price to-day being about £6 oil trucks. There are not many lines about now and good sound onions are difficult to- procure. The potato market lias fluctuated somewhat during the past few days by reason of a reported clearance of potatoes from the wharf in Auckland. Last week-end the price here jumped from 72s 6d to Sss a ton in one day. Then the price dropped back to 755. On Monday of this week there was nothing doing. Yesterday there was a little inquiry and sales were made at 77s 6d f.0.b., sacks in, for prompt delivery. The price to farmers today is £2 10s to £2 15s a ton. Dakotas are being offered at £3 12s 6d f.0.b., sacks in, for prompt shipment, but there is very little) inquiry. Tlie price to- farmers is about £2 7s 6d on trucks. The potatoes shipped from .Lyttelton last week were 612 sacks for Auckland. 1286 for . Wellington, 3488 for Napier and Gisborne, 210 for the west coast of the North Island, and 113 for the west coast of the South Island. The totals shipped from Lyttelton up to September 6 during the past two seasons were: 1930, 258,135 sacks; 1929, 266,334.

LONDON MARKETS, HIGH COMMISSIONER’S REPORT

The Department of Agriculture has received the following cablegram, dated September 6, from the High Commissioner for New Zealand, London :

Tallow. —Market steady, with little business passing for want of fresh material. No change in prices. Hemp.—Manila market epsier. “K” grade August-October shipment sold at £2O 5s and November-January shipment at £2O 2s 6d.

Sisal.-—Market for African quiet and easier on the basis of fair average quaLity No. 1 £2l to £2l 15s, No. 2 £2O to £2O 15s. Good marks os more. Sisal tow, market dull and prices lower and nominal values. 'No. 1 £l6 10s, No. 2 £ls 10s. Mexican sisal hemp unchanged. New Zealand hemp market quiet and no first-hand sales reported. Apples.—Market .slow. Present quotations are: Stunners, 5s to 7s 6d; Dougherty, 7s to 10s. Eggs.—Market steady and stocks clearing with prices practically unchanged. Wool.—Bradford market ciuiet with fairly good tone. Quotations nominally unchanged.