SOUTHLAND MARKETS

Otago Daily Times, Issue 21599, 21 March 1932, Page 3

SOUTHLAND MARKETS

(From Our Own Correspondent.) INVERCARGILL, March 20. Oats—Owing to shortage of supplies in the north and the needs of forward sellers to secure their commitments for early delivery, prices have still further increased for prompt delivery. “ A grade Gartons have been sold in several instances at 3s 6d, f.0.b., s.i., Bluff, while more. than equivalent has been secured on. trucks in the country for rather undergrade oats so far as colour is concerned, but good quality otherwise, and weighing 421 b to 441 b per bushel. For .such oqts, as high as 2s 7d on trucks, sacks extra, has been accepted by northern buyers to fill their pressing demands. It is not anticipated that, such prices will continue, the _ .consensus of opinion being that A’s will rule round about 3s 4d when the demand slackens off. It now seems apparent that except in the more favoured districts inland A’s will be difficult to secure. Chaff. —As could only be expected with the rise in oat values, chaff has also appreciated, to growers for new chaff for forward delivery being in the neighbourhood of £3 5s per ton on trucks, sacks supplied by merchant. Ryegrass.—The only business passing in the has been in undressed seed from the mill, time having been insufficient for dressing any material quantity. For heavy-weight seed, 261b/271b, from the mill with a low percentage of loss in cleaning, business is being done with northern houses at 4s 3d per bushel on trucks, growers’ sidings. In the trade generally guch prices are considered somewhat prohibitive as farmers are not in a position to sow' down seed, which must inevitably cost them in the later months of the year round about 6s 6d to 7s per bushel for machine-dressed seed. The stock market for the past week continues firm for all classes, with offerings still increasing. Fat cattle are coming forward in fairly large numbers and values are firm for good quality cattle, quite a large number of fat and forward bullocks and heifers have been sold during the past few weeks to go north, which shouJd have a hardening effect on the cattle market.

Fat sheep are still coming on to the market in large numbers and values are firm for all classes. The store sheep market is keeping well up for all classes, there being a keen demand for forward-conditioned, rape lambs, while there is a good inquiry for breeding ewes. The store cattle market is slightly better. This applies more to forward-conditioned bullocks for turniping. Fat Cattle. —Prime heavy bullocks, £8 10s to £10; medium-weight bullocks, £6 10s to £7 10sj prime heavy heifers, £5

10s to £6 10s; medium heifers, £4 to 15; prime heavy cows, £5 to £6; medium cow's, £3 10s to £4 10s; vealers, to £1; runners, to £2 10s. Fat Sheep.—Prime heavy wethers, 16s to 17s 6d; medium wethers, 13g 6d to 14s 6d; lighter wethers, 10s fid to 11s fid; prime heavy ewes, 9s to 10s fid; medium ewes, 7s 6d to 8s fid; lighter ewes, 6s to 7s; prime heavy lambs, 16s to 18s; medium lambs, 14s to 15s; lighter lambs, 10s fid to 12s. Store Sheep.—Rape lambs, 8g to 10s; medium store lambs, 6s to 7s: small lambs, 3s to 4s; two-tooth wethers, 8s to 9s; two-tooth ewes, 14s to 16s; s.m. ewes, 8s to 10s; failing-mouthed ewes, 3s to ss.

Store Cattle.—Three and four-year bullocks, £6 to f 7; two-year bullocks, £3 15s to £4 10s; yearling bullocks, £1 10a to £2 10s. ■ DAIRY PRODUCE The South Island dairy Association, Ltd., has received the following market report from the New ’Zealand Produce Association, Ltd., London: —Butter: The market is active and steady at 107 s to 109 s; unsalted, 114 s to 118 s; Danish, 118 s to 120 s. The cheese market is quiet. White, 60s to 61s; coloured, 61s to 625.

FOREIGN EXCHANGES

(British Official Wireless.) 1 United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, March 18. Par. Mar. 17. Mar. 18. Paris, fr to £1 .. .. 124.21 91% 91% Brussels, belgas to £1 .. 35 25.00 25.87 Oslo, kr to £1 18.150 18% 18% Stockholm, kt to £1 ., 18.150 18 3-1C 18 3-10 Copenhagen, kr to £1 .. 18.150 18 8-18 18.15 Berlin, marks to £1 .. 24.43 15 3-16 15% Jlontreal, dol to. £1 .. 4.80 2-3 4.00 4.00 New York, dol to £1 .. 4.80 2-3 3.01% 3.01% Yokohama, pence to yen 34.58 21% 21 5-10 Hongkong, pence to dol 25.15 16 3-10 10 1-18 Bombay, pence to’ rupee 18 18 5-32 18 5-32 Batavia. florins to £1 .. 12.107 — 9 Milan, lire to £1 ,. 92.45 70 1-10 70 Amsterdam, guilder to £1 12.107 8.97% 8.07% Prague, kr to £t .... 24.02 122% 122 Genera, kr to £1 25.22% 18 23-32 18.70 Vienna, schillings to £1 24.55% 32 32 Helsingfors, marks to £1 193.334 217% 217% Madrid, pesetas to £1 .. 25.55% 47% 47% Athens, drachma to £1... 25.22% 287% 287% Lisbon, escudos to £1 .. 5.60% 109% 109% Bucharest, lei to £1 .. 937 007% 005 Rio de Janeiro, pence to milrcls .. ■18 4 1-16 4 1-16 Buenos Aires, pence to pesos .... .... 47.82 38% 38% Shanghai, pence to tael 24% 21 13-10 22 Montevideo, pence to peso 51 30% 30%