COMMERCIAL

Southland Times, Issue 19659, 9 October 1922, Page 2

COMMERCIAL

DUNEDIN MARKETS. DUNEDIN, October. 6. Some of the millers have worked down their stocks of wheat, and are now paying more attention to southern wheat, a few lines of which have passed the Government test ana have been sosd during the week. The prices to growers for this wheat have been on the basis of the price fixed by the Government for Tuscan for April last. Lines of southern wheat are still being submitted to the Government graders to be passed as fit for milling, but a great proportion of it is unable to pass- the test. Growers, however, are not showing any desire to force the sale of this rejected wheat, in face of the low values offering. Good quality fowl wheat is quoted at 3/9 per bushel, sacks extra, delivered in Dunedin, but merchants are not keen buyers, as it is now difficult to place fowl wheat in the North Island. Sufficient stocks, in fact appear to be held in the North Island to meet immediate requirements. The shipping quotation for good whole fowl wheat is 4/2, f.0.b., sacks extra, and odd lines arc going through at 4/- and 4/1. Under grade is quoted at 3/11. Dunedin millers’ prices are as follow: Flour, 2001 b, £lB.-per ton; 100’s, £l9; 50’s,£l9 10/-; 25’s, £2O. Bran, £5 10/- per ton. Pollard, £9. Oatmeal: 1 25’s, £lB. Milling Wheat (August prices)—According to Government prices: Tuscan, 5/9j f.0.b.; Hunter’s 6/0$; Pearl, 6/6s. An inquiry for oats has set in from Home, but the demand is for A Gartons only. As, however, this quality is in short compass, there is not very much business passing. The present value of A Gartons is 3/1, f.0.b., s.i., and B’s for the North Island are selling at 2/10, f.0.b., s.i. The North Island merchants, however, arc not showing much interest in the market. Only a few thousand sacks of oats have been sold to the Home market. These will be shipped during the month. Probably a greater quantity would been exported had tlic A grade quality of Garton been more plentiful. The market is still quiet for undergrade oats. Sales have been made at 1/9 to 2/per bushel, sacks extra, ex store, Dunedin. Heavier consignments of chaff have come in during the week, but as the market had been rather poorly supplied, all lots met with a good demand. Best quality has realised £4 15/- per ton, sacks extra, ex truck. The stores are still glutted with undergrade chaff. This is. difficult to sell at.£2 10/- to £3 per ton, sacks extra, ex store. The potato market has firmed, and good quality is saleable at £7 10/- per ton, sacks included, ex truck. The shipping trade, however, has weakened, and this fact is expected to have a steadying effect on the local market, as consignments might- be sent down from the north if prices advanced here. The present shipping quotation in Canterbury is £7, f.0.b., s.i., but 5/- per ton less would probably .be accepted. TIMARU MARKETS. TIMARU, October 6. Good quality milling wheat is moving off slowly, and anything doubtful will most likely remain unsold until the Government Grader has had an opportunity to accept or reject it. Local millers are not show.'og any keen desire to purchase. Fowl wheat is a little easier, and in anticipation of a fairly heavy rejection, more especially of southern wheat, which is said to contain too many sprouted grains to be classed as good for milling, it is not considered that the market for fowl wheat will firm again> and to-day’s quotation is 3/11 to 4/-, f.o.b. A good demand has been experienced for oats for shipment to London, on the basis of 2/8 to 2/9 on trucks at country stations for A grade. No sales of B grade nave i been heard of this week, and the market for I B’s may be said to be weaker. To-day’s quotation is 2/4 to 2/5. [ Oaten-sheaf chaff has not responded to I the improvement in the market for A grade i oats, the demand from the North Island j being filled from Blenheim at -very low I prices. Nominally chuff is quoted at £3 ; per ton on trucks. ' Advices received from London are to the : effect that good lines of barley are saleable i at about 50/- per quarter of 448 pounds, ; equal to about 3/6 to 3/9 on trucks at ; country stations for superior -quality. Very I little of this quality is now available in i this district. A few lines have been shipped on growers’ account. I Linseed is in rather better inquiry. I Buyers’ ideas of value are in the vicinity of I £l4 on trucks, but growers are holding out for £l5 per ton. i Cowgrass is very dull. A few Duns have I been sold at 8d per pound on trucks, and jthis represents a fall in the market value i for best samples. Inferior samples are ' quoted as low as 6d. White clover is in good demand. Farmers’ lines command lOd to 1/3 there being a wide difference in the quality and thd* parcels offering. There is a good demand lor ryegrass and clovers for spring sowing. ' Partridge p&as are practically off the j market. There is a very good inquiry for Isowing, and as high as 9/6 per bushel has I been paid. ‘ Potatoes have eased considerably, owing ; tr. the fact that early potatoes are now ' coming on to the North Island markets in increasing quantities. The quantity available now, however, is very limited, and it is: not improbable that the price of old tubers will firm again. There has been a good deal of speculation in South Canterbury lately as to the price at which the new season’s lamb will open. The point was settled yesterday, when a forward sale of a line of 400 lambs was’ made at 8d per lb. AUCKLAND FRUIT MARKET. AUCKLAND, October 6. Choice Stunner apples brought up to 12/- a case to-day, but inferior lots sold at from 6/- to 8/- a case. Some fine quality Delicious apples were marketed during the week at prices ranging from 14/- to 17/6 a fease, according to quality and size. Doughertys were slow of sale, and prices varied from 8/- to 10/6 a case. Cooking apples brought from 9/- to 10/- a case. Re packed Nellis pears were in good demand at from 19/- to 20/- a case. Josephines made 17/- a case, and Vicars 9/- to 10/6 a case, white P. Barry’s fetched 12/!to 15/- a case. Tree tomatoes sold at 6/- i to 9/- a case, and Island tomatoes exhlora realised 8/- to 14/- a case. Passions brought 16/- a box, and a few lots of mandarins 24/6 a case. ANTWERP WOOL SALES. (By Telegraph.—Press Assn. —Copyright.) (Australian and N.Z. Cable LONDON, October 6. (Received October 8, 5.5 p.m.) At Antwerp wool sales Australian wool continued to meet an animated demand, i and prices remained 5 per cent, higher than I the last London closing rates. Twentyone thousand bales were offered and 20,000 sold. ’ THE HOME MARKETS. LONDON, October 7. (Received October 8, 5.5 p.m.) Wheat cargoes are firmly held. Manitoba is quoted at sixpence to a shilling higher. Steamer parcels are firm and advanced a shilling, speculators buying freely, but a reaction set in and prices closed sixpence higher. Sheep: Canterbury heavy 7d, North Island 7id and 7sd. Lamb: Canterbury light 12£d, medium 12$d; heavy lid; Southland 12Ad; North Island selected 12$d; ordinary 12d. Frozen beef: New Zealand fores 3£d; hinds 4£d; Australian crops 3sd, hinds 4sd; Argentine hinds ssd; chilled Argentine hinds other meats unchanged. Cotton: Liverpool quotation American middling upland, November delivery 1/per pound.

Rubber: Fine hard para 10$d per pound; plantation first latex crepe Bsd; smoked ribbed sheet Bsd. Jute: Native first marks, November shipment, £33 15/- per ton. New Zealand hemp, October-December shipment, £33 10/-. Copra, South Sea bagged, September-No-vember shipment £22 7/6 per ton. Linseed oil £39 per ton, equal to 3/1J per gallon; turpentine 104/6 per cwt., equal to 7/10$ per gallon.