DUNEDIN MARKETS

Otago Daily Times, Issue 22368, 15 September 1934, Page 8

DUNEDIN MARKETS

WHEAT, OATS, ETC. There is nothing fresh to rcport_ in the milling wheat market. Any odd lines available are submitted to the Wheat Purchase Board, and where the quality is up to standard they are accepted at the rates fixed for the month of September. The fowl wheat market continues steady. Few offerings are now being made by growers, but the stores contain fair stocks. For the very best qual.ty Ss 9d per bushel, sacks extra, ex store, is obtainable, but small lots are selling at higher rates. Wheat that is not lull in the berry or that shows signs of dampness is selling at from 3s 3d to 3s 6d per bushel, sacks extra, ex store. Millers’ prices for flour, etc., are as follows:

Flour: 2001 b. £l3 2s: 100’s, £l3 17s; 50’s, £l4 2s; 25’s, £l4 7s. Bran, £5 per ton. Pollard, £6 per ton.

Oatmeal: 2001 b, £l9; 25’s, £2l, The oat market remains steady, with not much business going through. The orders coming from the North Island are on the small side, but a limited > business has been done for export. It is understood that several thousand sacks c( oats have been shipped from the Bluff to England. In the meantime no further orders have been ’receivd from overseas. Of course, should more export business be done it will have a firming effect oh the market.

As the position now stands, the quotations for grade oats show a slight weakening. A Gartonsare worth 2s Bd, f.0.b.,5.e., and B’s 2s 4d. These figures are equivalent to Is lOd for A’s, on trucks, country sidings, anfi Is fid for B’s. A good inquiry continues for seed oats, and in some districts they are in short supply. A greater quantity of oats is being sent from Dunedin to the country, than has been the case for a few years. Values for chaff are unchanged. Truck loads of prime quality are worth £3 15s per ton, sacks extra, ex truck. The bulk of the business, however, is confined to small lots, ex the store, and these are selling at up to £4 5s per ton, sacks extra. Supplies for the local market are still being drawn from Canterbury, as there is not at the present time a great deal of locally-grown chaff available. The potato market is still lifeless, with sales difficult to effect. According to reports from the North Island, shipping values have declined to £2 10s, f.0.b., s.i. Best quality potatoes are worth locally £2 Iss per ton. A number of lines in the stores are showing _ signs of growth, and these have to be picked over before sales can be made. The retail demand for seeds is now increasing and a fair quantity is being delivered to the country. The prices fot all lines remain firm. The only variety which has been inquired for from overseas during the week is cowgrass. During the past fortnight there have been no inquiries for perennial or Italian ryegrass for export. The finer seeds, such as fescue and brown top, are in very short supply, the bulk of these varieties available having been exported. The cocksfoot market remains firm, with high prices ruling. For certified Akaroa, on trucks at Aldington, Is 5d per lb is now being asked. Wholesale produce prices arc as follows:

Chaff: Good, bright oaten sheaf, to £4 5s per ton, ex store. Potatoes, £2 15s per ton, ex store. Dairy butter: Milled bulk, to 9d per lb: separator, to 9d. Bacon, 10jd per lb. Ham: Ordinary, HAd; boneless, Is Did per lb. • Canterbury onions, round about 9s per cwt for best quality. Eggs; Stamped, lOd per dozen; case, 9d. The egg market is weak. , FRUIT REPORT.

Only odd lines of really choice quality dessert apples are now available. There is also a good demand fop large cookers. Small lots of dessert pears are still coming forward, and these are bringing high prices. Bananas have a better demand. Consignments of Rarotongan-grown are expected early next week. A large shipment of Californian grapes arrived yesterday. There is a good demand for the black varieties, nut the red and white kinds are not so keenly inquired for. Queensland pines are in heavy supply. Prices can hardly show a margin of profit to the shippers. Stocks of Australian navel oranges are sold out in the marts. A further shipment is due on September 25. ' Hothouse-grown tomatoes are arriving regularly from Auckland, and arc realising good values. A better demand for choice quality cauliflowers is being experienced, and the market was firmer at the end of the week.

Spring Cabbages are now appearing on the market. Choice hearted lines are readily taken up. The market could do with larger supplies of choice hearted lettuce. Inferior grade are hard to place. Supplies of rhubarb are increasing. Other vegetables have a normal inquiry. Wholesale prices are as follows: — ■, Apples: Stunners,' 4s 6d to 7s per case; Delicious, extra choice, 7s to 8s 6d; others, 3s Gd to 4s 6d; Jonathans, 4s 6d to 6s; cookers, 4s to ss; inferior dessert and cookers. 2s 6d to 3e 6d per case. Pears: Winter Cole and Winter Nelis, 8s to 10s 6d per bushel case.

Bananas: Ripe, 16s to 20s par case. Tomatoes: Hothouse, Is 8d to 2s per

Pineapples, I4s to 16s per case. Lemons: New Zealand-grown, 14s to 18s per case; Californian, to 655. ■ Grapes: Red, 25s to 27s 6d per case; black, 30s to 325. Oranges: The next shipment of Australian navels is due on September 25. Poorman oranges, 8s to 10s per case. Cauliflowers: Choice, to 5s per sack of 18; others. Is to 2s. Swedes, 9d to Is per sugar bag. Carrots, Is 6d to 2s per sugar bag.

Parsnips, Is 6d to 2s per sugar bag. Spring cabbages, to 3s 6d per case of two dozen; savoys, 2s to 2s 6d per sack. Lettuce: Choice, to Is 6d per dozen; others. Is to 2s per dozen. Leeks, 2d to 3d per bundle. Potatoes, 3s to 4s per cwt. Violets, Is to Is 6d per dozen bunches. Boron! a, 5s to Cs per dozen bunches. GRATIFYING RESULTS Since its inception, the New Zealand Investment Trust, Ltd.—the only type of British Trust in the Southern Hemisphere—has proved itself. The Trust is in the enviable position of having easy and reliable access to the very centre of financial activity, having the services in London of one of the London Stock Exchange members, who is a world authority on investments. Actual results available at the New Zealand Investment Trust. Ltd-, D.I.C, Buildings, Wellington (P.O. Box 1616). Branches: Christchurch, Dunedin, Invercargill, and Auckland. _ Chief Brokers: The Securities Corporation (N.Z.), Ltd., Dunedin. —Ad'vt. WHEAT. FLOUR. ETC. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, September 13. Wheat cargoes are easier. Parcels are lower. 'Futures: Loudon —September. 22s Sd; December, 24s 4*d; hebruary, 25s 0d; April, 25s lid. Liverpool— Oetober, 5s BJd: December, 5s lid; March, 6s lid; May, 0s 2?d. Hie spot trade ie slow, ami prices occasionally irregular. Australian, ex ship, 30b to 31s. , , Flour is steady. . Australian, ex store, 21s to 225. Oats arc firm. Peas and beans are steady. STANDARD TOBACCO COMPANY At an extraordinary general meeting of the shareholders of the Standard Tobacco Company, Ltd., held in Auckland on September 3, the following resolutions were carried;—“ That the shareholders should be given an opportunity of putting up sufficient money to pay interest and chargee and keep the property secure for another year so that shareholders might obtain the advantage of any increase in the value of the property. Further, that opportunity be given to the shareholders voluntarily to subscribe a sum equal to 7Jt per cent, or their present holdings. H this appeal should fail, then steps be taken to put the company into liquidation.”