COMMERCIAL

Poverty Bay Herald, Volume LV, Issue 17439, 10 April 1931, Page 2

COMMERCIAL

APPLE DEMAND IN LONDON MARKET OPENS ON LOW LEVEL The market for Now Zealand apples in London lias opened on a fairly low level, the cabled report, giving the highest price as 18s from the Port Dunedin .shipment, which, it is thought, included a. small quantity of Gisborne fruit.

The present prices are at payable level, 'but as further supplies of apples arrive in the United Kingdom the market no doubt will become a great deal

easier. It is too early yet to conjecture whether the season will he a profitable one, but last year Gisborne growers did not need to call on the Government guarantee, and it is hoped that the markets will he sufficiently bright to keep juices above the level of the guarantee. The first of the Gisborne apples this year left Gisborne on February 19. when 48 eases of fox’s Orange Pippin were sent to Wellington for export. The Port Dunedin was scheduled to leave Wellington on February 24, and it is thought that the initial Gisborne shipment was in time to be loaded on this vessel. The cable message quoted Cox’s as selling at from 16s to 18s.

BRADFORD TOPS MARKET . (Elec. Tel. Copyright—-United Press Assn.) (Received April 111, noon.) LONDON. April 9. At Bradford there is a holiday market. Quotations for merinos are maintained, but crossbreds are a shade easier. Tops: seventy’s, 274 d; sixtyfour’s, 2(id; sixty’s, 24d: fifty-six’s, 14d; forty-six’s, 12-ld; fonios, .12. pi.

DUNEDIN WOOL SALE A further guide to the trend of wool values will be furnished by the sale at Dunedin to-day at which, it is reported, between 28.0C0 and 30,000 bales will be ottered, as compared with 8900 bales at "the corresponding sale of last year. The much greater quantity to be offered today indicates that growers who have been holding back fluring the season have been attracted by the recent substantial advance in prices, and are putting in their clips at this the iirial Otago sale this vear.

The next sale will be held at Timaru on Monday April 13, following which Wellington will make its fifth and final offering for the season on Friday, April 17* when a large catalogue is expected. The sale at Wangauni on Monday, April 20, will complete Hie 1930-31 roster.

DAIRY PRODUCE PRICES (Received April 10, noon.) LONDON, April ft. The hotter market is weak. Danish, 1225; Australia, 108 s, 110 s; unsalted New Zealand, 110 s, 1225; Australian, 112 s, 110 s.

Cheese is dull. New Zealand, white fiOs, :12s; colored, 04s; Australian, white .10s; colored, 02s, 03s.

The London blitter market is very rpiiet, according to advice under today’s date from Treugrousc, Nathan and Co., Ltd., hut the cheese market is firm with a better demand; quotations in both markets are unchanged. Amalgamated Dairies, Ltd., under date of April 7, advised: “Our prices unchanged (Anchor 114 s); New Zealand finest grade now generally Ills after touching 110 s; market quiet, retail prices of colonial butters in multiple shops now Is 2d; week’s deliveries New Zealand butter 1967 tons, stocks 4497 tons.’’

AUSTRALIAN PRODUCE PRICES SYDNEY. April 9. Wl seat prices are sternly, ex, trucks, Sydney, 2s 1)d. country stations Is 6)<i. Flour is quoted at £lO, pollard and bran £3 10s. potatoes, Tasmanian £6 10s, Victorian £5 10s; onions, Victorian to £4 10s : oats, white, Algerian, 2s 3d to 2s 9d ; maize, 3s 6d.

SOUTH AUSTRALIAN OIL WELLS In 1 their report for the year, the directors of South Australian Oil Wells, N.L., declare that crude oil is at Lakes Entrance in quantity, and time and money only are needed to bring enough bores into production to show a return to shareholders. The field superintendent reports that the No. 2 bore is now making 50 gallons of oil per day, and of five new wells drilled, all but one are producing oil. The dehydrating plant is operating with a capacity of 95 gallons per hour.

The tomato season in Auckland, which is now drawing to a close, has not been a good one for growers, although until the end of January the prices were the highest for several years. Since then the supply has exceeded the demand. There has been practically on blight this season, with the rcsdlt that the amateur gardener has been aide to maintain his household supplies.

There was a large attendance at the Storlford Lodge (II.B.) sale on Wednesday, when an average yarding of all classes of fat and store stock was offered. Several pens of prime Hereford bullocks realised £9 7s 6d to £lO ss. There was keen bidding for prime heifers and young rows; but older cows were neglected and sold at 5s 1091 b less than prime young cows, Two heavy I*.A. bullocks made the Itest. price of the day at £lO 16s 6d. Prime ox beef made considerably above export prices, values ranging from 22s 6d to 24s- per 1001 b. Prime cow and heifer beef realised 20s to 21s per ICOlb. Fat sheep and lambs maintained the improved prices of last week.

The first shipment of 1700 lambs from Tasmania attracted much attention at Smithfield. The Australian High Commissioner, Sir Granville Eyrie, the Tas- ... jnaniau Agent-General, Mr. D’Arcv Addison, and a nunibfcn of experts, inspected the shipment. The unanimous opinion was that the quality was excellent.