BREADSTUFFS AND PRODUCE.

Otago Witness, Issue 3831, 16 August 1927, Page 21

BREADSTUFFS AND PRODUCE.

Friday Evening. WHEAT, OATS, ETC. There have been no fresh developments in the wheat market during the week. Holders are firm in their ideas of value, considering that there is not sufficient wheat in New Zealand for requirements during the remainder of the season. The demand for fowl wheat is also depicting the supplies, the quantity used this season being much larger than in the past, owing to no supplies coming in from outside the Dominion. Millers, on the other hand, are not buying. They will have to come on to the market next month, but in the meantime they are holding off, as the sales of flour are slow, and they also expect that there is a possibility of the outside markets weakening on the approach of the coming harvest. If such a thing happens they expect that it will bo reflected on New Zealand prices. In the meantime any small lots of Tuscan offering are saleable at 6s per bushel on trucks, with higher prices for red chaff and velvet. Tlie demand for fowl wheat is quiet hero. In Canterbury the shipping value is 6s 4d per bushel, f.0.b., sacks extra, for good quality. Millers’ prices are as follow:— Flour: 2001 b, £l7 ss; 100’s, £18; 50’s, £lB ss; 25’s, £lB 15s. Bran, £5 10s per ton. Pollard, £7 ss. Oatmeal: 25’s, £l9 : 200’s, £lB. The quietness tha’t has characterised tlie oats market is still in evidence, and although the quantity offering is small sales are difficult to effect owing to the .poor consumptive demand. During the week prices in Canterbury have shown a dectine, and A grade Gartons have been sold there at 3s 2d per bushel, f.0.b., s.i. Sellers in this district are asking 3s 4d without effecting sales. No further business lias been transacted with Australia, although it is expected that further supplies will go to that quarter before the Australian new crop is avail able.

The offerings from growers in this district are exceptionally small, and in the absence of any demand merchants are not keen to buy any small lots that, happen to come on the market. The present value is 2s 6d per bushel, sacks extra, on trucks, for A Gartons, and 2s 2d for B grade. The local chaff market is still kept supplied with arrivals from Canterbury. Good quality is realising £5 per ton, sacks < tra, ex truck. The demand is small, and the quantity is just sufficient to meet the inquiries. If the consignments were to increase lower prices would have to be accepted. Medium and poor qualities are not in over-supply, but sufficient stocks are held in stores, and sales are slow at £3 10s to £4 10s per ton, sacks extra, ex store, according to quality. The consumptive demand for potatoes in this centre is not very large, but owing to local stocks being depleted it is expected that this will improve during the next two months. In the meantime this market is kept supplied from Canterbury, and good quality potatoes are saleable at £5 5s per ton, sacks included, ex truck. The recent trouble in connection with the shipment of potatoes to Auckland will probably have., the effect of preventing the despatch of further consignments from Australia. This has already had a firming effect on Canterbury holders, as the market there has advanced 5s per ton during the last two days. A further firming is expected, and this will eventually be reflected on this market, which has to draw its- supplies from Canterbury. There are no fresh developments in the seed market. Some inquiries have been received from Home for ryegrass, but the prices offered have not permitted business to be transacted. There is no export inquiry for other lines with the exception of fescue, which is steadily going out of the country to America and England. The market for dogstail is still quiet, and the export inquiry will depend on the result of the present harvest at Home. Produce lines are quoted wholesale as follows:— '

Chaff, £5 per ton, ex truck, for best quality. Potatoes: Ton lots, £5 ss. ex truck. Eggs: Stamped, Is 8<l; case, Is 6d to Is 7d.

Dairy Butter: Milled bulk, Is 2d to Is 3d; pats, Is 2d.

Baton, Is Id per lb. Hams, Is 2d per lb; boneless. Is 3d. Canterbury onions, 7s per cwt. FRUIT REPORT. Business in the fruit market has been fairly quiet during the week. The Karetu. which arrived from Sydney to-day, brought a medium shipment of mandarins, lemons, and passion fruit. The Manuka, which is due from Melbourne on Sunday, has a fairly large quantity of fruit on board, mostly navel oranges. Choice dessert apples meet with a good inquiry, but medium classes are neglected. The market is bare of bananas. A small shipment from Fiji is due about Tuesday next. Lemons are realising fairly high prices. Vegetables are meeting with a fairly good inquiry, cauliflowers having the best ae mand. Really choice cabbages are in short supply. Current wholesale prices are as follows: — Apples: Delicious, 10s to 12s per case; extra choice, to 13s ; Jonathans, 7s to 8s: Ckopatras, choice, 10s 6d ; prime cookers, 8s to 8s 6d; inferior dessert and cooking, 4s to 5s 6d. Bananas: Ripe, 30s per case. Pears: Dessert, 3d to 5d per lb for choice. Lemons: Californian. 50s per double case; Auckland, 22s 6d to 255; Australian, 22s 6d to 255.

Oranges: .Californian. 4Ds ; Australian navels, 22s 6d; Poorman, 15s per case. Potatoes 6s 6d per cwt. Carrots, 4s to 4s 6d per cental bag; 2s fed to 3s per case. Cauliflowers, 12s to 13s per sack (choice only); others, 7s‘ to 9s. Parsnips, 4s to 4s 6d per case. Cabbage: Choice, to 9s per sack: others. 2s to 3s; loose, 4s to 10s per dozen. Onions, 7s per cental bag. Celery, 9d to Is per bundle of three heads. Lettuce: Choice. Is to 2s per dozen. Leeks, 3d to 6d per bundle. Brussels sprouts, 6d per lb. Beetroot, Is 6d to 2s per dozen. MERCHANDISE MARKET. The Katoa, which has a shipment of sugar on board, is due here to-morrow. A shipment of Volata kerosene has arrived in Dunedin, and is now being discharged at the wharf. An advance of jd per lb in the price ot Mildura currants-has taken p’tce. A snipinenf of drained cherries has just arrived. Quotations remain the same as previously. Shelled walnuts ‘are still out of wholesale hands, and indications point to there being no further supplies until about October or November. A parcel of Lotus brand Madras curry powder, in quarters, halves, and ones. l |a , s . arrived on a bare market. the Manuka, from Melbourne, brings tramhipments ex Eastern steamers, includin a consignment of tea from Colombo. The Karetu. which arrived from Sydney on Thursday, brought transhipments from Eastern steamers, including sa-m and tapioca from Singapore. The direct steamer from Calcutta and Singapore is expected to leave for the New Zealand main ports this week. She will bring stocks of sago, tapioca, and pineapples from Singapore. The cheese market continues to lie a bit excited. A number of factories have already sold their export supplies at very favourable prices, and indications point to values being about 9d per lb for large and 9Jd lor medium at the opening of tlie season about tlie beginning of October.

Herbert S. Fenwick ) Members Stock Harman Reeves ) Exchange. FENWICK & BEEVES, STOCK AND SHAREBROKERS, Standard Insurance Buildings, DUNEDIN. Telegrams: “ Fenreef,” Dunedin.