DUNEDIN MARKETS

Otago Daily Times, Issue 22422, 17 November 1934, Page 8

DUNEDIN MARKETS

WHEAT, OATS, ETC. The interest in the wheat market ia now generally directed to the prospects for the coming season’s harvest. The weather from now on will play an important part in the returns, but it would appear, though the crops may be irregular, according to the weather experienced in the respective districts, that the milling wheat threshed will be sufficient to meet the requirements for the coming year. It is understood, moreover, that there is a fair carry-over of last season’s wheat in the hands of the Wheat Purchase Board. , There is a little bettor tone in the fowl wheat market, though there is no quotable change in prices. Supplies are not so plentiful locally, and this has caused the firmness. Prices range from 3s 9d to 4s per bushel, ex store, sacks extra, according to quality. Millers’ prices for flour, etc., are as follows; — . Flour: 200 lb, £l3 2s; 100’s, £l3 7s; 50 s, £l3 12s; 25’s, £l3 17s. Bran, £5 per ton. Pollard, £5 15s per ton. Oatmeal: 2001 b, £l9; 25’s, £2l. The oat market continues very weak and there is a tendency for prices to ease. The export overseas from Bluff has not | affected the local market, as the orders to meet this demand were practically filled from Southland. Quotations locally are unchanged, and rule at 2s 6d, f.0.b., s.i., for A Gartons and 2s 3d for B’s. The quotations to farmers are 1« 9d and Is Cd, respectively, on trucks, country sidings, sacks extra. The chaff market remains unchanged. Supplies are quite sufficient to meet the demand, which is chiefly confined to small lots. For truck loads the quotation is £3 15s per ton, sacks extra, and for small lots, ex the store, £4 6s, sacks extra. Supplies from Otago farmers are now practically exhausted, and merchants here are drawing on Canterbury. . The potato market is nearly finished, and the wholesale prices have advanced to £3 10s and £4 per ton, ex store. The quantity of old tubers in the stores is not largo. Farmers are now engaged on their spring work and are not bothering about sending in supplies, and fiioreover the prices obtainable are not high enough to encourage them to send in what stocks they may hold to the Dunedin markets. Presumably these tubers will be used for fedding to stock on the farms. There is nothing fresh to report in the seed markets. Business is quiet, and merchants are marking time, waiting for developments. The prices for most varieties continue firm. Wholesale produce prices are as follows: Chaff: Good, bright oaten sheaf, to £4 5s per ton, ex store. Potatoes, to £3 per ton, ex store. Dairy butter: Milled bulk, to'Cd per lb; separator, to Cd. Bacon, ll^d. Ham: Ordinary, Is; boneless, Is 2d per lb. Onions; Canadian, 18s to 20s per cental bag. Eggs: Stamped, 10d; case, 9d. FRUIT REPORT. Supplies of apples have eased off, and any lines of choice quality are readily placed. A few lots are still arriving froin Nelson and Canterbury, but the fruit from the latter province is not opening up too well. Pears are about finished for the season. Admail consignment of Tongan bananas arrived during the week and met with a fair demand. The quality was not up to that of the bananas from the other islands. A small shipment of Fiji bananas is expected next week. Only the small sizes of oranges are now available in the marts. Supplies of tomatoes have been erratic, With heavier supplies arriving towards the end of the week. A line of Island tomatoes arrived by the Waimarino yesterday. The quantity is much less than has been arriving in former shipments. New Zealand and Californian-grown lemons are very scarce in tile wholesale marts. There are no grapes in the wholesale marts at the moment. A small lot of cherries reached Dunedin during the week from Canterbury. Small lots ’of strawberries are coming forward, mostly from Central Otago. The feature of the vegetable market has- been the high prices obtained during the week for cauliflowers. New carrots and turnips arc now on the market and are meeting a good de-. mand. ’■ r ' Supplies of lettuce are still fairly heavy. Only choice quality are inquired for. ■ Locally-grown new potatoes are arriving . in increasing quantities. North Island-grown have a fair demand only. Peas are .arriving from Waimate and Canterbury in fair quantity, and, in tact, are plentiful for this time of the year. The quality, however, in many cases is not up to the best standard. Wholesale prices are as follows: — Apples: Stunners, 6s to 9s per case; Delicious, extra choice, 7s to 8s 6d; others, us to 6s; cookers, 5s to 6s 6d. Pears; Winter Cole and Winter Nells, 7s to 8s 6d per bushel case. Bananas: Ripe, 245. Oranges: Australian, 252 to 288, 24s per case; 324, 21s. Tomatoes: Hothouse, Is 4d to le 6d per lb; seconds, lOd to Is 2d. Cherries, Is 3d per lb. Strawberries, Is 2d to Is 6d per lb. Cauliflowers: Choice, to 14s per sack of 18; others, 10s to 12s. Carrots: New, Is 4d to Is 6d per dozen bunches. Parsnips, 2s per sugar bag. Spring cabbages, to 2s per bag of two dozen; cases, Is to Is 6d. Green peas, 3jd to 3Jd per lb. Asparagus, from 4s 6d to 6s 6d per dozen bunches. White turnips, 9d to Is per dozen bunches. Rhubarb, to Id per lb. Lettuce: Choice, to 2s 6d per dozen; others, 6d to Is. Leeks, 2d to 3d per bundle. New potatoes; Locally-grown, 3d to 4d per lb; North Island, lid. Kumeras, lid per lb. Spinach, 9d to Is per dozen bunches. dominion Produce HIGH COMMISSIONER’S REPORT, The Department of Agriculture has received the following cablegram, dated November 10, from the High Commissioner for New Zealand, London; — Tallow—Market quiet but steady at about last quotations. Hemp.—Manila; Market quiet and unchanged. Sisal: Market quieter and easier at the close. November-January shipment sold at £l3 17s 6d. New Zealand: Nothing to report. ' Eggs.—New-laid firm, short supply. Colcnial good supply with fair demand; English, national pack, 17s fid to 23s 6d; English, ordinary pack, 18s 9d to 20s; Danish, 14s 6d to 19s; Australian, 10s 4id to 12s 9d; New Zealand, Rangitata cleared at 11s Sd to 12s 9d; 181 b per long hundred 12s 10id to 13s 3d. Apples.—Market well supplied with English and imported at slightly easier prices. British Columbia Cox’s Orange, 8s to 11s 6d; Jonathan, 8s to 9s 6d; California Newtown, 9s to 10s; Oregon Newton, 10s to 12s 6d; Washington and Jonathan, 8s to 10s. THE FLAX INDUSTRY A revival of the flax industry was predicted by Mr W. Petrie, of Wellington, chief Government hemp inspector in a recent interview after completing a tour of North Auckland. “ One benefit of the present slump is that only those mills which produce good fibre have been able to keep going,” said Mr Petrie. '‘When the demand for flax quickens again it is to be hoped that the standard will be maintained.” With the aid of recently imported spinning machinery, the flax could be made into woolpack sacking, mats, and string superior to similar imported articles, Mr Petrie said. Another recent discovery was that phonnium fibre mixed with wool and mohair was an excellent substitute for material of the astrakhan type. Phonnium ropes had recently been accepted ,by the British Admiralty. In Mr Petrie’s opinion there wag no reason why properly milled phonnium should not be used for making all the parcel siring used in New Zealand. If the flax was well washed and bleached, it could be made into string, equally as attractive ae sisal string, with the added advantage of greater flexiblity. Mr Petrie urged that more enterprise should be shown in seeking new outlets for phonnium, which was superior to sisal. It was perennial, whereas sisal had a life of only eight years. In length, lustre, and flexibility phonnium was far superior.

LONDON STOCK MARKET (British Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, November 15. There were further big movements in the quotations of gilt-edged securities on the stock market to-day. Old consols, 2J per cents, reached £92, the highest for 30 years. War Loan, 3J per cent., touched £lO9 2s 6d. The markets closed with prices well under the best, with War Loan at £IOB 7s 6d and consols at £9l ss, LOAN AND MERCANTILE DIVIDEND (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, November 15. The New Zealand Loan and Mercantile Company has declared a dividend of 5 per cent, on the cumulative preference shares for the year ended June 30, 1931. ' NEW GUINEA GOLD SHARES (United Press Association.) (By Electric Telegraph — Copyright.) LONDON, November 15, New Guinea Gold shares are quoted at 5s lid. WHEAT. FLOUR, ETC.. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, November 15. For wheat cargoes the demand is quiet and lower. Parcels are in poor demaifd, mostly 3d down. Futures: London—December, 19s 6d; February, 20s lid; April, 21s sd. Liverpool—December, 4s 9|d; March, 5s 2gd; May, 5s 4Jd. The spot trade is slow. Australian, ex ship, 265. Flour is quiet. Australian, ex store, 20s to 20s 3d. Oats are in small demand. A Gartons, 20s to 20s 6d. Peas are dull. Blue Tasmanian, 220 s to 2305. Maples, Tasmanian, 53s to 545; New Zealand. 46s to 525. Beans are quiet. New Zealand, 32s to 335. MELBOURNE MARKETS (United Press Association.) (By Electric Telegraph—Copyright.) MELBOURNE, November 16. Wheat, 2s Bd. Flour, £7 ss. Bran, £4 15s. ' Pollard, £5. 2S Barley: English, 2s lOd to 3s 2d, Maize, 3s 6d to 3s 7d.Onions, £5 to £5 10s. BUTTER. CHEESE. AND EGGS (United Press Association.) (By Electric Telegraph—Copyright.) ' LONDON. November 15, Butter is slow. Danish, 120 s. Choicest salted New Zealand,- 75s to 765; Australian, 74s to 755. Unsalted New Zealand, 76s to 80s; Australian, 70s to 775. Cheese is slow. New Zealand coloured, 525; white, 535. Eggs mre quiet. Australian and New Zealand fourteCns, 11s 3d; fifteens, 11s 9d to 11s 10id; sixteens, 12s 3d to 12s 6d. BEET SUGAR (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, November 15. Beet Sugar.—December, 2s 9|d. BRADFORD TOPS MARKET (United Press Association.) IBy Electric Telegraph—Copyright.) LONDON, November 15. . Bradford is very quiet. Quotations: Seventies, 284 d; 64’s, 26d; 60’s, 24d; 56’s, 19Ad; 50’s, 14d; 46’s, lid; 40’s, 9fd. ■■ P. AND O. SHARES (United Press Association) . (By Electric Telegraph—Copyright.) LONDON, November 15. P. and O. shares are quoted at 17s. MOUNT LYELL (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, November 15. Mount Lyell shares are quoted at 13s 9d. ■ PRICE OF FINE GOLD (United Press Association.) (By Electric Telegraph—Copyright.) LONDON. November 15. Fine, gold is quoted at £6 19s 4Jd per ounce. DOLLAR AND FRANC (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, November 15. Exchange on New York is quoted at 4.99 i dollars to the £, and on Paris at 75J francs to the £• PRODUCTION OF COPPER (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, November 16. The Financial News says that, following negotiations between shareholders in copper companies, proposals have been formulated for the establishment of a copper shareholders’ association for the purpose of co-operatively remedying world over-production. All shareholders will shortly be invited to give their views on international regulation, which is airealy enforced by most of the major companies. LONDON WOOL SALES Messrs Murray, Roberts, and Co., Ltd., arc in receipt of the following cablegram from their London agents, dated November 13: — ... The following vessels have arrived in time for the consignments of wool by them to be offered in the next series:— Akaroa, Rangitata, Fordsdale. BRITISH STEEL Discussing the position of the iron and steel industry in London last month, Sir William Larke, director of the British Iron and Steel Federation, expressed the view that the present improvement was likely to be maintained. He saw no reason why the British steel industry might not ultimately look tor production as high as 11,000,000 tons per annum. To secure this, however, he states that it would require more effective control of the home market than' existed at present. During the current year iron and steel imports had risen rapidly, having been at the rate of 1,400,000 tons per annum, whereas iu 1933 they were 970,000 tons. The export trade, he added, showed considerable improvement, though all too slow. During recent months iron and steel exports had been at a rate some 25 per cent, higher than the average monthly figure for 1933. FLUENZOL. LTD. A net profit of £444 higher at £1213 is shown in the report of Fluenzo! Proprietary, Ltd., Wellington, for the year ended September 30. The usual dividend of 8 per cent, is payable, and £SOO is transferred to reserve. Referring to expenditure on advertising, the report stresses the importance of continuous newspaper advertising in distributing the company’s products.