COMMERCIAL NEWS

Southland Times, Issue 20949, 5 December 1929, Page 10

COMMERCIAL NEWS

GRAIN REPORT. Messrs Donald Reid and Company, Ltd., Dunedin, report as under:— Oats.—No interest is being taken in this market, and these conditions will no doubt last until actual oats are available. Though very few lines remain unsold in the country and stores, millers are not making inquiries, apparently having sufficient to tide them over until the new season’s grain is available Shipping remains the same, viz.: A grade 3/74, B grade 3/4, f.0.b., s.i. The equivalent to farmers at their stations would be 3/2 and 3/-, respectively, sacks extra. . , , . . Wheat. —Apart from fowl wheat inquiries this market is quite dead. The Pool authorities who will be controlling a much larger area than last season are already selling forward to millers; half a million sacks have been disposed of in Canterbury. Values remain unchanged, viz.: Tuscan 5/9, Hunters 6/-, Velvet 6/6 sacks extra, on truck, country stations. Fowl wheat is selling freely ex store at prices up to 6/6 sacks extra.

Chaff. —There are few consignments arriving, but as the demand has now slackened off, plenty is available for all inquiries. Southland is supplying the bulk of the consignments. Canterbury prices are much too high to fit in with those ruling here at present. Best oaten sheaf is worth up to £6 5/- sacks extra, ex truck, Dunedin. Very little will be taken into store, all space being required for wool work. Potatoes. —The season for old potatoes is now practically finished and a larger quantity than usual still remains to be disposed of. Value to-day for the better lines is £4 ex store, Dunedin, and sales at this price are by no means easy to effect. New potatoes from the north are worth £9 and £lO f.o.b. Wellington, and consignments are coming to hand freely. Local lines are not yet in plentiful supply, but the next fortnight should see them arriving in much larger quantities. LONDON MARKETS. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated November 29, 1929, advising Smithfield delivered prices averaged for week ending that date as follows :— (Prices for the previous week are also shown). (Per lb.) 29/11/29.22/11/29. d. d. N.Z. Wethers and Maidens, Can-

Mutton Market: Wethers firmer, but trade is still slow. Ewes: Prices better with more inquiry. New Zealand Porker Pigs: Market has advanced owing to shorter supplies Home killed. New Zealand Baconer Pigs: Stocks low, nominal prices. DAIRY PRODUCE. Messrs Henderson and Co., Lt<L, advise that their London principals, Messrs Lovell and Christmas, Ltd., cabled on 3rd instant as follows:— “Present prices, butter 162/- to 166/-; exceptionally 168/-; white cheese 93/-, coloured 91/-. Both markets easier.” For New' Zealand crossbred there was active competition, including American buyers. Greasy often ruled in sellers’ favour. Wakie super halfbred to 16Jd. Several parcels of speculator lots marked JMS brought 18d; slipes CMC Eclipse 19d; CFM Wakie 213 d. CHICAGO WHEAT. (Rec. 7.0 p.m.) New York, December 3. Chicago Wheat: December 130$, March 138, May 141 J.

terbury quality, selected brands — 64 561b and under 61 571b to 641b 61 6.1 651b to 721b 6 58 Other brands— 561b and under 6! 61 571b to 641b 6i 6i 651b to 721b 51 51 N.Z. Ewes— , 641b and under 4g 41 N.Z. Lambs; Canterbury quality361b and under 81 8} 371b to 421b 8 8 431b to 501b 71 71 Seconds 7 7 Selected brands— 361b and under 81 371b to 421b 71 71 Other brands, first quality— 361b and under 73 71 371b to 421b 74 71 Second quality, 30/32 average 7 7 Australian Lambs (new season’s), Victorian, first quality— 361b and under 8A 88 371b to 421b 71 Argentine Lambs (new season’s), first quality— 361b and under 78 71 371b to 421b 7.1 71 Argentine Chilled Beef— Ox fores 51 5 Ox hinds 71 78 Australian Frozen Beef— Ox crops over lOOlbs .. .. 4i 48 Ox hinds, over 1601bs .. .. 64 68 N.Z. Frozen Pork— Porkers — 601bs to SOlbs 10 91 Sllbs to 991bs 9S 91 lOOlbs to 1201bs 91 91 Lambs: Market is steady but quiet.