COMMERCIAL

Nelson Evening Mail, Volume LXIV, 19 February 1931, Page 11

COMMERCIAL

CANTERBURY MARKETS (By Telegraph—Press Association) CIIIHSTGHURCH, 17th February. Samples of wheat arc now freely offering to merchants and millers. Ail interesting feature is that, despite the fact of an irregular season, some milling wheat has been offered of a quality which has not been seen by millers for a number of years. The best yields to date June come from North Canterbury. The effect of the hard season lira been evidenced more in file crop? of Mid-Canterbury. The recent favourable weather has been beneficial to the later crops, and reports indicate that those will produce some good yields. There is little interest in the market for milling wheat. Any business is on a basis of os 3d to os 4d per bushel on trucks. Tlie quotation for fowl wheat lias Jirined a little, and to-day is os Id, f.0.b., s.e. The oats market remains quiet. Algerians are quoted at Is lOd to 2s per bushel on trucks. A Cartons are worth 2s 3d on trucks, and B’s 2s. The chaff' market is unchanged, at £4 7s (id per tons, f.0.b., s.e. The potato market is firm, with no change in values to report. Speculative business is on the basis of £4 7s (id per ton, f.0.b., s.i., equivalent to about £3 7s (id per ton on trucks. The quotation for July-August-Sep-tember delivery is £o, f.0.b., s.i. The onion market is firm, with growers inclined to hold. The quotation on trucks to growers for March-April delivery is £4 10s to £4 los on trucks. Australian supplies reaching Auckland and Dunedin are making sales of prompt onions difficult at present values.

DAIRY PRODUCE EXPLANATION OF TERMS The New Zealand Dairy Produce Board has issued the following circular to all dairy factories :—• We have had numerous inquiries from factories as to tlie meaning of various terms, etc., used in our weekly circular, so for your guidance we give a short explanation of them. WELLINGTON, 17th February. Wholesale Prices.—The prices quoted are the official prices of the London Provision Exchange, and are those at which business has been done during the week ended at date of London’s cable. Retail prices are those charged by multiple cash over counter shops. There is, of course, a very considerable variation in retail prices charged in different classes of shops in the same area. Deliveries. These are deliveries of butter and cheese to purchasers and are ex Hay’s Wharf and the Union Cold Stores in London. Not all these deliveries are used for immediate consumption as certain big buying interests have stores of their own to which they may take produce and hold it there, until such time as they require it in their trade. The deliveries therefrom for any one week, or even month, may not indicate the consumption in that period, but taken over a period of. say. 3 to 6 months, they undoubtedly indicate the consumptive demand. United Kingdom Stocks.—The Empire Marketing Board’s stocks, advised fortnightly, are those in cold store onlv. and are estimated to cover 95 per cent, of the total stocks in cold store. The board’s cabled stocks as at the beginning of each month, given in our monthly circular, include all butters in the country, whether in cold stores, in process of discharge, or in steamers arrived but not discharged.

SYDNEY WOOL SALES (United Press Association —By Electric Telegraph—Copyright) SYDNEY, 18th February. 'At the wool sales offerings totalled 10,624 bales, of which 10,269 were sold; also 285 privately. The market was again bright. The values for best descriptions were equal to late improved rates, while for good and average sorts there was a distinct hardening tendency. Greasy merino sold to 23d and comebacks to 14|d, the latter being the highest price this season for this description. MELBOURNE, This Day. At the wool sales there was a good clearance and prices were firm. Japanese and Continental buyers were active.

WHEAT GROWING COUNTRIES SUGGESTED CONFERENCE (Received 19tli February, 9.30 a.m.) OTTTAWA7 18th February. Representations have been made to the Canadian Government, it was stated to-day, that a conference should he held in which Russia, Australia, Argentina, the United States and Canada should participate for a discussion on the wheat situation. It is understod that so far the Canadian Government does not take kindly to such a conference, the proposal lor which emanated from Washington advocates, quoting Mr Alexander Legge, the retiring chairman of the United States Farm Board as stating tli <t such a conference might he advantageous, f.nd possibly disclosing on the part of Russia readiness to agree to more orderly marketing, assuring better prices lo; all producing conn lies.