CANTERBURY MARKETS.

Manawatu Standard, Volume XLV, Issue 187, 13 July 1925, Page 3

CANTERBURY MARKETS.

Per Pres* Association CHRISTCHURCH, July 10. The wheat returns published early in the week aro confirming tho early season forecasts that the average yield in Canterbury of 33i bushols por aero and for the Dominion of 33 bushels is in advance of tho official and some other estimates. Most interest centres around the oats market. Any idea, that may have prevailed that the crop would be a short one has been dispelled by the latest official returns. The Dominion thrashings reported to mid-June —not the actual thrashings ' which materially would swell the figure—aro over 5,000,000 bushels. If the' actual thrashings were reported, the total would probably be another million bushels, and ih addition, there is still a quantity in stack which may bo thrashed. The changed viewpoint the figures have brought, about in the south is evidenced by the fact that offers are now free from that quarter at 4s 6d through store for Gal lons, and 4s 2d for Bs, with buyers hard to find. Potato activity lias subsided to some extent. Quotations at the moment for July shipment aro £5 15s to £6. T-he Katoa is due to leave- Lyttelton on Tuesday, but as the stores aro cleared out of stocks and as potatoes cannot be dug for some time and the pits will not be opened for a while, the prospects of a sufficient shipment to meet requirements is uncertain. Quotations locally on trucks are to £4 10s, with little offering. There has been a sharp rise in the prico of onions and purchases have been made at from £9 10s to £lO on trucks, sacks extra. There are few local onions available, the season being about over. LONDON WOOL SALES.

Dalgety. and Coy., Ltd., report having received tho following cablegram from their London bouse under date R)t!i instant:—Wool sales continue firm and lately reported . rutes are fully maintained ; demand active. Fine crossbreds are par to 5 per cent, higher ; a, good, bright American style of medium crossbreds is fully as high as last sales; shabby parcels are slightly easier. DAIRY PRODUCE. Dalgety and Coy., Ltd., report having received the following cablegram from their London house under date 10th instantßutter: Since our report of yesterday prices are Is per cwt lower (present quotation, New Zealand salted, 186 s).

FROZEN MEAT MARKET. The New Zealand Meat Producers’ Board lias received the following cable from its London office dated 10th July, 1925, advising Sinithfield delivered prices at that date as follow: New Zealand wethers and maiden ewes: Canterbury quality, _xeleeted brands, 56 and under, 7*d, 57-64 7d, 65-72 7d; other brands, 56 and under 7jd, 57-64 6Jd, 65-72 6Jd. New Zealand ewes: 64 and under Slid. New Zealand lamb: Canterbury quality. 36 and under, 12d, 37-42 10Jd, 43-50 lOd ; seconds 113 d; selected brands, 36 and under 12d, 37-42 lUJd'; other brands, Ist quality, 42 and under llid; seconds 11-Jd. New Zealand beef: Ox fores 31d, binds 5Jd ; cow fores 2 \ d, •hinds 41d. Argentine c-hilled beef: Ox fores 4jd, hinds BJd. Argentine frozen beef: Ox fores 3fd, hinds (id. Frozen pork: BU-1201b, not quoted; 120-18011), SJd. -Frozen veal: Not quoted. Levin and Co., Ltd.. have received the following cable from their London agents, dated 10th July, 1925:—“Frozen meat quotations (prices on a delivered basis, i.e., including storage charges, cartage, tolls, etc-.): —Down lambs, 28/42’s, 11 Jd per lb; best North Island. 28/42’s, 11 jd; ordinary North Island, 28/42’s. llid; second quality lambs. 11 Jd ; best North Island wether sheep. 48/64’s 7Jd, 64/72’s 7d; ordinary North Island wether sheep, 48/64’s 7Jd ; North Island ewes, 48/64’s 5Jd, 64/72’s sd; New Zealand prime ox beef, 160/220’s 4id. The market for lamb is steady: mutton upward tendency with better demand.

EXCHANGE RATES. LONDON, July 9. Foreign rates of exchange on July 9, as compared with par rates or as averaged first half of 1914, are as follow :

The retail price of butter in Sydney will bo increased a halt-penny to-day, to Is lOd per lb (states a cable message) .

July 9. Par. Now York. <loIs. tc . £1 4.86 1-16 4.866 Montreal, dols. to £1 . 4.86 4.866 Paris, francs to £1 103.55 25.22i Brussels, francs to £1 . 105.15 25.22A Amsterdam, florins to £1 12.13.1 12.107 Stockholm, lcnr. to £1 18.12 18.12 Oslo, kur. to £1 ... 27.62 18.12 Copenhagen, knr. to £1 23.72 18.12 Berlin, Reischmark to £1 20.42 — Rome, lire to £1 132 25.22^ Yokohama, pence to . ; yen 20i 24.43 Calcutta, pence to rupee I85 24 Hong Kong, pence to < Jol. 2S% 24 Batavia, florins to £1 12.071-11 — —A. and N.Z. cable.