COMMERCIAL.

Otago Daily Times, Issue 19762, 13 April 1926, Page 8

COMMERCIAL.

GRAIN AND PRODUCE REPORT. Messrs Dalgety and Co. (Ltd.) report as follows: Oats. —The market is dull. The harvest is now practically all threshed and samples are numerous. Buyers, however, are not operating freely, as they cannot find an outlet for their purchases owing to the North Island being flooded with Canadian oats. We quote: A Cartons 3s 6d, B Gartons 3s 3d per bushel, on trucks. Wheat.—Millers are still offering 6s 8d for Tuscan, 6s lOd for Hunters, and 7s for Velvet, these prices being f.o.fa., Dunedin. A few sales are being made at a little in advance of these prices, this wheat going for fowl food. Farmers are reluctant to sell at millers’ prices, and so little business is being.done. Potatoes. —Consignments are coming forward regularly, and are meeting with sales at quotations. Good tables are realising from £7 to £7 10s per ton, ex truck, sacks in. Chaff.—The market is over-supplied, with the result that consignments coming forward have to be taken into store. Local feeders have- ample sunplies and at present there is no shipping demand. We quote: Prime oaten sheaf, £5 10s to £5 15s per ton, sacks extra. DAIRY PRODUCE. Messrs Joseph Nathan and Co., Wellington, report as follows; BUTTER. There has been very little movement in the market since our last report; the latest cabled advice from our London house quotes New Zealand butter at 172 s to 174 s per cwt. Stocks of butter in store in New Zealand at the end of last month were 222,580 cwt, compared with 197,500 cwt in 1925, 39,445 cwt in 1924, and 124,534 cwt in 1923. Gradings for last month were 126,780 cwt compared with 136,280 cwt in 1925, 114,511 cwt in 1924, and 222,638 cwt in 1923”. Converting the above figures into their butter-fat equivalent shows a decrease in production of 6.9 per cent. Prices in Wellington remain unchanged at Is 7d per lb for choicest and Is 6d for secondary brands. There is renewed activity for supplies for Australia, mostly for April shipment, and we understand that some factories have sold at Is 6d per lb, f.o.b. Our Australian correspondent reports under date March 20 as under: Sydney.—The market is unaltered at l£6s Sd per cwt, and there is a strong feeling that it would be unwise to advance the price at this juncture. The North Coast has had some very fine rains, and even if production is not stimulated it will certainly check the downward tendency of the output. Melbourne. —The market remains at 396 s per cwt. The weather is now cooler, and the light showers which have fallen throughout Victoria should benefit the pastures. Suoplies continue to fall off. Brisbane. —The market advanced this week to 196 s per cwt, at which price the demand is quiet. A large portion of the State has received some very beneficial rains, and this should materially check the decrease in production. Philadelphia.—Philadelphia reports under date January 23. quotations being as under: —Philadelphia 454 cents, New York 45 cents, Chicago 434 cents, Boston 454 cents. The market is firming and advancing. The advancing domestic markets are making the outlook more favourable for _ the movement • of the foreign butter already in this country. Sales of Danish, Swedish, and New Zealand butter have been reported at premiums in the New York market, a large part of which is destined for special channels. CHEESE. The cheese market has remained steady, and the latest cabled advice from our London house quotes white cheese 96s per cwt, coloured cheese 97s per cwt. Slocks in store in the Dominion at the end of last month were 272,700 cwt. compared with 131,860 cwt , in 1925, 99,581 cwt in 1924, and 156.146 cwt in 19-23. Gradings for last month were 182,5-Occwt, compared with 156,560 cwt in 1925, 149,275 cwt in 1924, and 177,245 cwt in 1923. Converting these figures into their butterfat equivalent there is an increase in production of 16.5 per cent. . The large quantity of cheese in store at the end of March can probably be attnbued to the Control Board’s regulation of shipmentß. , . . , Philadelphia.—Philadelphia reports under date January 23, quotations being as under: —Single Daisies 23i cents, Twins 22J cents, Long Horns 234 cents.. The market is slightly easier, but prices are unchanged. Production is heavier than for the same period last year, which is probably due to

the milk being diverted from butter factories to cheese factories, on account of the weak butter market which has been prevailing of late. The National Mortgage and Agency Company (Ltd.) is in receipt of the following cablegram from London: Butter: Market quiet; 172 s to 1745. Cheese; The market is slow. White, 95s to 965; coloured, 96s to 975. LONDON MARKETS. (Per United Press Association.) WELLINGTON, April 12. Mr T. C. Brash, secretary of the New Zealand Dairy Produce Board, reports having received the following cablegram from the London office of the board, dated April 9: The butter market is quiet but firm. Prices are as follow;—New Zealand, 174 s to 1765; Australian, 1725; Argentine, 150 sto 160 s, Danish, 184 s. There is a large increase in the Danish production, mostly coming on the English market. Cheese, 96s to 975. The market is quiet. The New Zealand Producers’ Co-operative Marketing Association's weekly cabled market report, dated London, April 9. is as follows; Butter: The market is steady. New Zealand 172 a >o 1745, seconds 164 s to 168 s, unsalted 174 s to 1765, Australian, 170 s to 1745; Argentine, 448 sto 1625; Danish, 182 s; Dutch, 174 s to 1765; Esthonian, 170 s to 1725; Siberian, 158 s to 1645. The estimated stocks of New Zealand held butter are 900,000 boxes. Cheese: The market is weak. New Zealand white 95s to 965, coloured 96s to 975; Australian, 93s to 365; Canadian (old season's,), 106 s to 112 s. OTAGO FRUIT EXPORT. THE 1926 SEASON. The Scottish Shire liner Argyllshire lifted Otago’s second shipment of apples and pears for Great Britain last week at Port Chalmers, the total 19,413, being easily a record shipment for the province. The first shipment of the season, totalling 10,000 cases, left by the Tongariro the previous week, and the next European shipment will be by the Kaikoura in a week’s time, when it is anticipated that fully 22,000 cases will ba lifted at this port. Crops are somewhat light in the Ernscleugh and Cromwell district, but Ripponvalc is again prominent for well-coloured fruit. The season for Fruitlands is late, and so far this estate has not figured largely in the cargoes, but the next two steamers will carry good lines from this area. Apples are a record crop in the Teviot, Dumbarton, Ettrick, and Island Block districts, and a number of new shippers figure on the lists this year. Mr F. G. Duncan, from his Fruitvale and Sunnyvale orchards, promises to be easily the largest shipper this year, and with Messrs Tonkin Bros., Pruitlands, Ripponvale, H. D. Stronach, Waigth Bros., Benholm and Norvalea orchards, will account for the bulk of the quantity exported. In the hands of the Otago Fruitgrowers’ Council, the export work is so organised that any grower with quantities from a modest 20 cases upwards, is enabled without any trouble to ship his fruit to any market he may nominate, provided shipping facilities can be arranged. The efforts of the directors to concentrate shipments are much appreciated by the Railways Department and shipping companies as to the advantages of dealing with one head instead of 50* or 60 individual shippers scattered throughout the province is obvious. Scott Bros., produce merchants and coramision agents, agents for the Egg and Poultry Growers’ Association, Dunedin, report;—Eers: Scarce; fresh, 2s 8d; stamped, 2s 9d. Butter: Dairy oats (waited), Is 2d per lb; bulk, Is 3d. Honey; Prime bulk, Sd to s|d per lb; 101 b tins, 5a 6d to 6s each. Beeswax, Is to Is 3d per lb. Fat, 23s to 25s per cwt. Poultry: Hens, 3s per pair; ducks, good 2b each; ducklings, 3s each; geese, 3s to 4s each; turkeys, hens Is 4d, gobblers Is 4d uer lb. Pigs; Prime baconers. 8d to B|d uer lb; porkers, Fd to '9d per lb; over-weights, 4d per lb. Potatoes: -Steadv demand; best tables, £7 10s per ton. Chaff: Prime oaten shoof. £5 10s to £6 per ton, sacks extra. Whole fowl wheat. 7s 9d per bushel. Maize, 8« 6d per bushel. Oats, 4s 9d per bushel, sacks extra. Straw; Pressed wbeaten, £3 15s; oaten, £4 per ton, ex store'. Please Note.— Pigs «nd "oultry must arrive not later than Thursday in the week. We shall be pleased to ouote for the following lines:—Pareora meat meal, leg rings, ovster shell grit, toe punches. Star brand chicken food. Horizontal egg crates, and Gilmore's. motor spirits. April 12.