CANTERBURY PRODUCE.

New Zealand Herald, Volume LI, Issue 15748, 24 October 1914, Page 5

CANTERBURY PRODUCE.

FEW SALES OF WHEAT. [BY telegraph.—press association.] Christchtrch, Friday. I Since th© price of wheat was raised by | tho Government to 5s 3d f.0.b., a fewsmall lines have been sold on a basis of that figure. There are, however, few offers from holders. The Government is making inquiries among grain merchants, millers, and farmers to ascertain if possible the amount of wheat that is held, to see if supplies are sufficient until next harvest. More rain is wanted for crops, otherwise the outlook for the harvest will not be very satisfactory. It is usual, however, to get rain in Canterbury about the second week in November.

There is less inquiry for oatc, as the rains in Australia have done away with ft possible outlet in that direction. Oatsheaf chaff keeps fairly firm at £3 per ton for bright samples, but the demand is not very active. Potatoes are still slow of sale at 20s per ton. The damage done by frost to earlv crops in Wellington district should lengthen out the demand for old potatoes in that market.

The price of bran has been raised from £4 5s to £4 15s per ton. There, has been a keen demand on the -part of Home buyers for cheese, and Southern and North Island factories have sold their outputs up to 6jd per lb on trucks. This price has in some cases been 1 refused There is no change in local prices. Local prices are recorded as follows: — Butter, factory 13d, farmers' separator lid. dairv lOd ; cheese, factory 7d. dairv 7d, loaf 71d : bacon, sides 9,1 d, "rolls 10M ; ham, I2d: honey, extracted 3d per lb'; eggs, 9J<l per dozen. COMMONWEALTH BANK. YEAR'S PROFITS, £11,761. By Telegraph—Press Association—Copyright MELnoTTiiN-K, October 23. The Commonwealth Bank's second annual report shows that the net .profit for the year ending June 30 was £1.1,761. j BANK OF AUSTRALASIA. I DIVIDEND DECLARED. By Telegraph—Press Association—Copyright. London-, October 22. The Bank of Australasia has declared an interim dividend of 7 per cent, on preference and ordinary shares. LONDON MARKETS. By Telegraph—Press Association—Copyright. Los-coy, October 22. Butter: Tho market is quiet with a slight downward tendency. Choicest new i Australian, 126s to 128s; exceptionally good, 130s. Cheese The market is quiet but firm. Canadian, 76s to 775. Wheat: Despite weaker American advices, t!i<> market is steady and prices are unchanged. Flour: Firm. Australian, store, 35s to 36s per sack. Barley : Demand steady, and prices unchanged. Oats : Market is firm. New Zealand, store, 29s to 32s per quarter. Peas : Market is firm. New Zealand I maples, 55s to 62s per quarter. Beans : There is a steady demand. New Zealands, 40s to 42s per quarter. Wool : The Bradford market is exceedingly strong, and prices are very stiff, owing to the scarcity of raw material. Quotation's aro :— fours, at 304 d ; s-nper sixties, at 29id ; common sixties, at 28d ; fifty-sixes, at 27d ; fifties, at 24Jd ; forty-fixes, at 21d; forties, at 19d. BANK OF ENGLAND RETURNS. Br Telegraph—Press —Copyright. London, October 22. The Bank of England returns for tho week show coin and bullion £49,498,000; reserve, £43,714.000; proportion of reservo to liabilities 27.52; circulation £34,793,000; public deposits, £15,764,000;' other deposits, £143.053,000; Government securities, £24,074,000; other securities. £108,788,000. Bank Bate: Two and three months bills, 3 3-16. AUSTRALIAN GRAIN MARKET. By Telegraph Press Association Copyright MfXBOrRNK, October 23. The wheat market shows no sellers at 4s 9d. Flour is quoted at £10 10s; bran, £6 15s; pollard, £7; barley, English, ss; Cape, 3s to 3s 9d ; oats, 3s 6d to 3s 7s; maize, 4s 9id: potatoes, £6 to £8; oniorifl, £8 to £10 15s.