GRAIN AND PRODUCE

New Zealand Herald, Volume LXXIII, Issue 22578, 17 November 1936, Page 5

GRAIN AND PRODUCE

TRADE IN AUCKLAND ONIONS ADVANCE SHARPLY NEW POTATO SUPPLIES A rise of 3s 6d a bag in the price of onions is the chief movement in the grain and produce trade in Auckland over the past week. The increase is due to shortage of stocks, coupled with the dfinand from the South Island and Sydney. The main inquiry for potatoes has turned to the new crop, although supplies of Southern are still available at very low prices. POTATOES Quantities of Southern potators arc still available at prices which vary considerably, according to quality. Unpicked can lie bought for £3 10s to £4 a ton, through store, but picked are worth from' £4 5s to £5 10s. New potatoes are available in larger quantities at up to 5s a bag, through auction. ONIONS Onion prices have risen by 3s 6d to 20s a bag, through store, dnring the past week. Merchants are fairly short of supplies, and | only limited importations are expected. In I addition to a strong: inquiry from the South Island, some have been shipped to Sydney, where onions are selling at £3O a ton. MAIZE A shipment of 5000 sacks of maize arrived from Java yesterday, but as it was affected by weevils it will have to be fumigated before distribution. Quality otherwise is good, the grain being small and hard. Values are steady at around 6s lid a bushel, thfough store. FOWL WHEAT The market for fowl wheat Is very firm, with supplies of good quality still difficult to obtain. Values are steady at 6s 3d to 6g 4d a bushel, through store. BABLEY A further advance of Id a bushel has occurred in the price of barley, the market for which is very firm. Forward quotations for new crop indicate much higher prices than last year. Clipped is worth 4s lid a bushel, through store, and undipped, Is 7rt. Uarley meal has moved up in sympathy to 10s per cwt. OATS AND CHAFF Oats are quiet but firm, with supplies very short. Feed oats are worth around 4s Sd a bushel, through store. Chaff is quiet and the price unchanged at jCcS 5s a ton, through store. BRAN AND POLLARD Prices for pollard are unchanged at £8 15s a ton for Australian and £7 os for local. Jiran iB quiet at £0 15s a ion, through store. SUPPLIES AT PUKEKOHE [from our own correspondent] PUKEKOHE, Monday With heavy supplies of locally-grown new potatoes now coming to hand, prices have receded Is Od per cwt. since last Monday and are now down to 8s Od. with ton lots selling at £B. The demand is good and is increasing. Green peas and cauliflowers are in short supply, but other lines of vegetables in season are offering fairly freely. Current values for green peas range up to Os 6d a sugar bag; cauliflowers, 7s Od a sack; cabbages, 4s a sack; and rhubarb, 3s 3d a dozen bundle*. Cabbage plants sell at Os Od per 1000. cauli flower plants at 7s, onion plants at '_' sod. and tomato plants at 3s 6d per box of fci-r dozen'. BRITISH TRADE GENERAL INCREASE SHOWN EXPORTS TO EMPIRE LONDON, Nov. 15 The Board of Trade returns emphasise the all-round excellence of British trade. Exports are the highest for any month since November, 1930, and imports are at the best level since November, 1931. The .increase is distributed over every section.

Empire trade is expanding. Exports to the Dominions and colonies increased by £9,416,000 during the first nine months of 1936, and imports from the Empire increased by £33,452,000.

AUSTRALIAN UNIT TRUST SYDNEY EXCHANGE LISTING The first Australian Unit Trust has constituted the first unit with shares in 20 companies officially quoted on the Sydney Stock Exchange. Selling and buying prices of the sub-units are based on the market prices quoted on the Stock Exchange for securities in the unit, together with an adjustment covering accrued dividends, brokerage, transfer fees and stamp duty, and a service charge of 7J- per centum to provide for the maintenance of the trust throughout its life. The trust has a term of 15 years. There is one word of caution to those who hope for increment of value, states the Sydney Morning Herald. Prices on the investment "market are at the highest point for six years, and interest rates are but slightly above the lowest point. A rise in interest rates has an adverse effect on prices of stocks and shares. The manager of the trust quoted rates of sub-units at buying 20s 9d, soiling 21s 9d.