CANADIAN WHEAT.

New Zealand Herald, Volume LXVII, Issue 20725, 19 November 1930, Page 7

CANADIAN WHEAT.

SHARP RUE IN PRICE.

REASSURANCE BY BANKS. (Received November 18, 5.5 p.m.) WINNIPEG, Nov. 17. On the [Winnipeg wheat market to-day thcro was a sharp recovery from Saturday's prices, which readied the lowest levels ever recorded. Wheat advanced 3 t(* 3 7-8 cents a bushel. Trade was active and at the close exceptionally firm. November delivery closed at 63 3-8 cents a bushel, December at 62| cents, May al 67J- cents, July at 69 1-8 cents. The main factor in the recovery was the reassuring announcement from the lending banks that the wheat pools would not be forced to dump supplies on the market. f; A message from Toronto says the Premiers of Manitoba, Saskatchewan and Alberta consulted with banking interests to-day about the wheat price situation. It was stated that successful interviews had been held. They had to save the economic structure of Western Canada, said Mr. J. Bracken, Premier of Manitoba. COMPLAINT OF SHIPMENT. PRESENCE OF INSECTICIDE. OTTAWA, Nov. 17. The Dominion Grain Commission, suspecting that Canadian grain consigned to the British Isles had been tampered with, lias ordered an investigation at Montreal. British millers complain that the wheat was found to contain insecticide. A preliminary investigation indicates that the chemical is not used in Canada. STABILISATION OF PRICE. OPERATIONS IN AMERICA. (Received November 18, 5.5 p.m.) WASHINGTON, Nov. 17. The chairman of the United States Farm Board, Mr. A. Legge, says tho Grain Stabilisation Corporation is buying wheat, both in tho cash and futures markets, in its stabilisation operations. CHICAGO WHEAT MARKET. CHICAGO, Nov. 17. Wheat.—December. 74 cents per bushel; March, cents; May, 76 7-8 cents; July, cents. BUSINESS AT LIVERPOOL. LOWEST RATES SINCE 1894. (Received November 18, 11.15 p.m.) LONDON. Nov. 18. At Liverpool to-day wheat sold at 4s 10£ d per cental. This is tho lowest price since 1894, when it fell to 4s. Flour in London has fallen to 26s per sack. LONDON QUOTATIONS. ' LONDON, Nov. 17. Wheat. —Cargoes are dull and have declined 3. are 6d to 9d lower. Futures:—London: December, 23s per quarter; February, 23s 3d. Liverpool: December, 4s per cental; March, 5s 0 7-8 d; May, 5s 2d.

AUSTRALIAN STOCKS.

LONDON PRICES HIGHER. NEW YORK QUOTATIONS. LONDON, Nov. 17. On the Stock Exchange to-day Australian stocks hardened. Dealings in Commonwealth 5 per cents, ranged from £BS to £B7 10s, in 6 per cents, from £95 to £97 10s. A message from New York says there were sales on the Stock Exchange to-day of Commonwealth 5 per cents., 1955, at 78, of 1957 at 77|, of per cents, at 12*. For New South Wales stocks there was no sale. Queensland 6 per cents, sold at 85J, an d ? P er cents, at 95£.

STOCK SALES.

VALUES AT FRANKTON.

LATE RATES FOR BEEF.

[BY TELEGRAPH. —OWN CORRESPONDENT.] HAMILTON, Tuesday. An average yarding of beef sold at full late rates at the weekly stock sales held at the Frankton yards to-day. A slight decrease was recorded in the values for fat sheep, which were penned in full numbers. Heavy porkers and bftconers met with a steady demand, prices remaining on a par with late rates. Store pigs sold at a slight increase. The auctioneers quote as follows : The Fanners' Co-operative Auctioneering Company, Ltd.—Prime fat wethers, shorn, 245; fat wethers, 19s to 21s 9d; ,primo hoggets, 19s 6d to 23s sd; fat hoggets, 18s: fat ewes, shorn, 10s; fat ewes, woolly, 15s: fat bullocks, £l2 15s to £l2 18s: medium, I'll 5s to £ll IGs; heavy fat cows, £9 2s to £l2 ss; medium, £7 7s Gd to £8 10s; light, £5 Is to £7 3s; forward conditioned, £1 7s Gd to £4 17s Gd; vealers, 28s to £3 Is: runners. £4 to £4 ss; good three-year Shorthorn steers, £7 17s to £8 3s; good coloured 21-year-okl steers, £G 17s to £7 lis; two and three-year Friesian steers, £G 15s to £7 15s; 2J-year Polled Angus steers, £7 ss: empty two-year Shorthorn heifers, £5 8s; yearling Jersey and Jersey cross heifers, £2 17s to £3 Is; bulls, £3 to £8 ss; heavy baeoners, £2 lis to £2 17s: light. £2 9s to £2 12s; heavy porkers, £2 7s to £2 10s: light, £1 I'Js to £2 ss: stores. 3Ss to £2 3s Gd: slips, 28s to 3Gs; weancrs, 21s to 2!)s. Dalgely and Company, Limited.—Light choice fat steers sold at up to £l2 15s, or equal to 3Gs per 1001b; a truck of lightweight young steers averaged £lO 15s; prime young cows and heifers, to £ll ss; others. £7 10s to £!); small vealers, 35b to 41s; light Jersey cows and aged inferior fat cows, £3 15s to £5 17a Gd; best shorn wothers, to 235; others. 20a to 21s Gd: fat woolly wothers, 21b 3d; fat shorn owes, Us Gd to 12s Od: fat lambs, 21s to 21s 3d: small, 19s; small store shorn wethers, 14s sd; heavy baeoners, £2 14s to £2 17s: medium. £2 10s to £2 IGs: lighter, £2 9s to £2 ]2s;» prime porkers. £2 4s to £2 9s: light, £2 1o £2 3s; largo stores, 39s ■ to 43s Gd; slips. 30s to 355; best wcaners, 22s to 27s Gd; inferior, 19s to 21s. New Zealand Loan and Mercantile Agency Company, Limited.—Prime fat bullocks sold nt £l3 12s Gd to £l4 15s; fat bullocks. £l3 5s to £l3 12s Gd: lighter, £lO 17s Cd to £ll ss; prime fat heifers, £lO 12s Gd: prime fnt cows, £9 to £9 10s; fat cows. £8 17s Gd to £8 11b; lighter fat cows, £7 to £7 7s Gd; killable cows. £5 15s to £6 2s; store cows, £3 17s Gd to £4 Is. vealers. £3 10s io £4 ss; prime fnt wethers, £1 3s 9d to £1 4s Gd: prime fat ewes. £1 2s !)d to £t 3s 8d: fnt hoggcls. 18s 8d to ]9s: good fnt lambs, 23s to 24s Gd ; baeoners. £2 10s to £2 17s; heavy porkers, £2 Gs to £2 9s; lighter, £2 2s to £2 ss: good stores. £1 17s Gd to £2 Is; slips, 28s to 355: weaners, 21s Gd to 21s Gd. ... G-. W. Vercoe and Company, Limited.— Prime fat three-year-old bullocks, £l3 15s to £l4 17s Gd; medium-weight fat bullocks. £l2 10s to £l3; light. £lO 2s Gd to £ll 18s: unfinished, £9 to £9 15s: prime heavy fnt cows, £8 10s to £9 10s: heavy. £7 IPs to £8 7a Gd; lighter, £6 10s to £7 12b Gd : light, £5 6s to £6 ss; prime fat three-year-old heifers, £ll 17s to £l3 Is; light fat £5 l"s Gd to £S 10s: forward-conditioned cows."£3 18s to £4 7b Gd: prime fat wethers, shorn. 21s; lienvy, 19s to 19s Bd; fat hoggets, IGs to 18s: Prirae fat lambs, 22s Gd to 24s 3d; fat lambs. 19s to 21fl Gd; fat ewes. 10s: baeoners. £2 15s to £2 lSs: heavy porkers, £2 10s to £2 12s; light. £2 5s to £2 9s; good stores, 35s to £2; weaneis. 22s to" 2Ss.