LATE COMMERCIAL
CANTERBURY MARKETS.
(Per United Prong Association.) Christchurch, December 18. Little interest is being taken in the grain and produce market. Some traders have practically closed down for the holidays. Merchants are agreed that it is very many years since there had been such a small stock of seeds at this period of the season. Everything has been cleaned up and new season’s produce will come in on bare boards. Next season’s fowl feed is quoted nominally at 4/5 f.o.b. s.e. for spread delivery. However, there is very little movement. Prompt fowl wheat is quoted at 5/34. This market is also very quiet. Forward potato business is at a standstill. Nominal quotations are at 75/- to 77/6 a ton f.o.b. sa. The oats position so far is showing no reflection of the prevailing bad crop conditions, doubtless on account of the indefiniteness of the Southland crop which generally is the main regulating factor in prices. B. Gartons are nominally quoted at 3/05 f.o.b. s.i. for April-September delivery. This is equivalent to 2/6 on trucks. Algerians are not quoted. DAIRY PRODUCE. Messrs Henderson and Co., Ltd., report having received the following cable dated 18th instant from their London principals, Messrs Trengrouee and Nathan, Ltd.: Butter—firmer. Demand improving. Cheese—white 57/-, coloured 56/-. Quiet. The New Zealand Loan and Mercantile Agency Co., Ltd. report having received the following cable from their London House under date 17th instant: Butter —99/- to 101/-. Cheese: 57/- to 60/-. Very-slow.
Messrs A. S. Paterson and Co., Limited, Dunedin, advise having received the following cable advice from their principals, Messrs J. and J. Lonsdale and Co. (London), Limited: —Butter: Market absolutely demoralized due to forced selling c.i.f.e. purchases and heavy arrivals during the holidays London and West Coast ports. Danish 136/-; New Zealand 98/- to 100/-; Australian 96/- to 98/-. Cheese Market dull, lower. White cheese 56/- to 58/-; coloured 55/- to 57/-.
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https://paperspast.natlib.govt.nz/newspapers/ST19311219.2.51
Bibliographic details
Southland Times, Issue 21581, 19 December 1931, Page 5
Word Count
316LATE COMMERCIAL Southland Times, Issue 21581, 19 December 1931, Page 5
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