PRICE OF WHEAT

Nelson Evening Mail, Volume LXVI, 22 January 1935, Page 3

PRICE OF WHEAT

FIXED BY PURCHASE BOARD TIIE POTATO POSITION (By Telegrujih—Press Association) CHRISTCHURCH, 18th January. At a meeting of the Wheat Purchase Board to-day, the interim payments for the 1934-35 wheat crop were fixed. They provided for 6d a bushel increase on last season's prices, and are as follows: January to March (inclusive) : Tuscan 4s a bushel, Hunters 4s 2d, Pearl and Velvet 4s 4d. From April to July (inclusive) : The monthly increment for each variety will be one penny, and for August and September one halfpenny a bushel, the maximum prices being in September, as follows:—Tuscan 4s 5d Hunters 4s 7d, Pearl and Velvet 4s 9d. The prices are f.o.b. growers’ nearest port. The monthly increments are the same as last season, and the selling prices to millers remain the same as last season: 4s 7gd for Tuscan, 4s 9jd for Hunters, and 4s 11J cl for Pearl and Velvet to and including March, and monthly increments, the maximum prices being in September—ss 0?d for Tuscan, 5s 2J*d for Hunters, and 5s 41,(1 for Pearl and Velvet. There are slight variations in the selling price to millers in the Marlborough Province. The new season’s produce is now coining in. and some business is reported in wheat and grass seed. There have been a few offerings of oats, but the trade is not much interested in this product, fn offerings of wheat there have been! some splendid smnpldk, and on the other' hand some that are thin. Wheat is exceptional in the matter of colour, beiiig bright and clean, and is weighing well. Wheat was offered millers as early as 12th January, which is a record on the local market.

It is rarely any wheat is offered until the last week in January. Fowl wheat (last season’s) is very firm, and is quoted at 3s llfd to 4s f.o.b. s.i. Samples of Algerian oats offered are very light. It is too early to quote a definite figure for values, but Is 9d to Is 10(1 on trucks is mentioned. Old season’s A Garton are quoted at 2s scl f.o.b. s.i. Dunedin, and 2s 6d Lyttelton.

There are a- few sellers of potatoes, the uncertainty of the embargo position rather than the prospects of a lighter crop being the cause. Good rain is urgently required to develop potatoes, as they have passed through a very dry time, hut on the other hand heavy rain may develop a second growth in the earlier main crop. No forward business is reported and from £2 15s to £2 17s 6d oil trucks lias been mentioned.

Tile pea crop has been affected by the absence of rain, and it is expected tliat some of the earlier crops will be threshed before tile end of the month. Some good samples of ryegrass have been offered merchants. A fair quantity lias been thrashed, and indications are that there will bo a full average crop. Up to 2s a. bushel on trucks lias been paid for best quality, and from Is 6d to Is 9d for secondary Italian is quoted at the same figures. Tile cocksfoot crop will be much better than last season, when Plains production was negligible. This season it is up to normal. Samples arc expected within a few days. Quotations are expected to he alibut 6d per 11) for Plains, and 7d for Aknroa. White clover will bo earlier than usual. Nominal quotations arc from 6d to tld per lb. Rod clover is expected to b on. very small crop oil account of dry weather.

Don’t ask for “vinegar” ! Say clearly “SHARLAND’S VINEGAR., please!” It is unexcelled for purity and piquancy, yet costs no more. In bottle or bulk at all stores.