COMMERCIAL

Southland Times, Issue 22214, 5 January 1934, Page 2

COMMERCIAL

FINANCE AND TRADE

LOCAL MARKETS.

Times Office, Friday Morning. Readers arc requested to note that in future the reports, of local markets and price quotations will appear in, Thursday’s issue. Grain and Produce.

Oats—This market appears to be very firm, and most of the stocks throughout the South Island have been disposed of. Sales were made prior to the holidays at 2/4 for A’s and 2/2 for B’s, but holders are not now keen to sell at these prices. There is also strong inquiry for spread delivery next year. There are no offerings from farmers, but prices are nominally from 1/8 to 1/9 for A’s and 2d per bushel less for B’s.

Wheat—Business is now confined to the supply of the local poultry trade. There are no offerings from farmers and merchants’ lines for the most part have been cleared. It is understood that the price for the new season’s wheat for milling purposes will be about 2d a bushel in advance of last season.

Chaff—There is very little doing at present except for occasional lines offering from farmers. ’ There is no shipping demand and supplies are sufficient to fill local requirements. The price to farmers runs out at £2 5/- to £2 10/- a ton on trucks, country stations.

Ryegrass—Most of the grass-seed has been disposed of so that the new season’s crop will come on to a fairly bare market. It is too early yet to predict the prices farmers are likely to get, but it is anticipated that these will show a considerable advance on those of last year. Potatoes —Business is confined to the sale of new potatoes for local requirements. Fruit and Vegetables.

Supplies of stone fruit are on the increase, and include apricots, peaches, plums and cherry plums, with prices ranging from 2d to 4Jd a lb. Cherries are in diminished supply and values have fallen succeeding the holiday demand. Prices range from 6d to lOd. Cold house tomatoes are now coming forward and values have receded. First grade fresh tomatoes are commanding 6d to 7id, with others lower.

There are a few cool store apples still available, ranging in price from 8/- to 9'6 a case. Early varieties of new season’s apples will be on the market, shortly, also Bon Chretien pears. The oranges available are now in the hands of the retailers, and future supplies will be drawn from America. New Zealand lemons are available at 12/- to 14/- a case. Ripe bananas are realizing high prices, from 25/- to 32/6. Cauliflowers are scarce. There is a good demand for cabbage, but the supply is only medium. Local peas are backward and northern consignments are realizing I’d to 3d a lb. New potatoes are bringing 10/- to 14/- a cwt. CURRENT PRICES. Wholesale. Eggs, lOd. Bacon, 9Jd. Bran, £5 15/-. Butter, factory, 9’d; separator, 6d. Flour, £l4 12/- to £l5 17/-.. Oatmeal, £l6 to £2l. Retail. Eggs, 1/-. Bacon, lid. Pollard, 8/6 per 1001 b. Butter, factory, lid; separator, varying. Bran, 7/6 per 1001 b. Flour, 25’s 4/6; 50’s 8/9; 100’s 17/-; 200’s 33/6. Oatmeal: 25’s 6/-; 50’s 11/6. Onions, Californian, 31b for 1/-. Distributors, Ltd.

Distributors, Ltd., Invercargill, advise tbi following prices:—

DAIRY PRODUCE. The New Zealand Loan and Mercantile Agency Company, Limited, report having received the following cablegram from their London Office under date 4th instant:—Butter 68/-. Quiet. Cheese: White 48/-, 49/-; coloured 44/-, 45/-. Market slow. The South Island Dairy Association of N.Z., Ltd., report having received the following advice from the N.Z. Producers’ Co-op. Marketing Association under date, January 3:—Butter market steady. N.Z. 68/- to 69/-; Danish 100/to 102/-. Cheese improved owing to short spot supplies. White 48/- to 48/6. Coloured 44/- to 44/6. SYDNEY PRODUCE MARKETS. (United Press Assn.—Telegraph Copyright.) (Rec. 8.30 p.m.) Sydney, January 4. Wheat.—Shippers’ prices for country lots are on the basis of 2/61 for bagged and 2/7 for bulk, ex trucks Sydney, equivalent to l/llj and 1/11 respectively at country sidings. Flour.—£ll 15/-, including Federal tax. Bran—£4. Pollard—£4 15/-. Potatoes—Tasmanian £8; local new £4. Onions —Victorian Globes £5. Maize—3/6. ADELAIDE QUOTATIONS. (United Press Assn.—Telegraph Copyright.) (Rec. 8.30 p.m.) Adelaide, January 4. Wheat—Growers’ lots—2/4. Flour —Bakers’ lots £7 2/6, plus Federal tax. Bran and Pollard—£4 17/6. Oats—Algerian 1/10. THE METAL MARKET. (United Press Assn.—Telegraph Copyright.) (Rec. 8.20 p.m.) London, January 3. Metal quotations are as follows:— Jan. 2. Jan. 3.

FOREIGN EXCHANGES. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, January 3. Par. To-day. Paris, fr. 124.21 82 23-32 New York, dol. 4.866 5.14 J Montreal, dol. 4.866 5.14 Brussels, belga 35.00 23.37} Geneva, fr. 25.22 16.76 Amsterdam, fr. 12.10 8.09 Milan, lira 93.46 61 23-32 Berlin, r.m. 20.42 13.621 Stockholm, kr. 18.159 19.39 i Copenhagen, kr. 18.159 22.40 Oslo, kr. 18.159 19.90 Vienna, sch. 34.585 29} Prague, kr. 20.02 109 Helsingfors, mark 124.23 2261 Madrid, kr. 15.225 39 13-32 Lisbon, escu 4} 109 J Athens, dr. 570 582} Bucharest, lei 25.225 545 Belgrade, kr. 25.2215 '240 Warsaw, zlotys to £1 43.36 29.06 Rio de Janiero.mil. 4.898 4} Buenos Aires, dol. 45.57 d. 36 Montevideo, dol. 45.57 d. 35„Bombay, rupee 19 18 1-16 Shanghai, tael —— —~ Hong Kong 17’ Yokohama, p. to yen 24.57 14 15-32 THE DOLLAR QUOTATION. (United Press Assn.—Telegraph Copyright.) London, January 3. The dollar is quoted at 5.16}d. BRITISH WAR LOAN. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, January 3. The war loan 31 per cent, stock is quoted at £lOO 12/6. CHICAGO WHEAT. (United Press Assn.—Telegraph Copyright.) New York, January 3. Chicago Wheat—May 84 1-8, July 82 5-8, September, 83 5-8, New York (cash) 94,} cents a bushel. TIN SUPPLIES. (United Press Assn. —Telegraph Copyright.) London, January 3. Tin: The world’s visible supplies amount to 24.064 tons. The Straits carry-over is 3341. Supplies aggregate 4652 tons and deliveries 6975. PRICE OF GOLD. (United Press Assn.—Telegraph Copyright.) London, January 3. The price of gold is quoted at £6 7/6 per ounce.

Flour— Per Ton £ s d 200's 14 12 0 100’s 15 7 0 50’s 15 12 0 25’s 15 17 0 Wheatmeal— 200’s 13 12 0 100’s 14 7 0 50’s 14 12 0 25’s 14 17 0 Bran— 150’s and 200’s 5 1G 0 100’s 5 15 0 Pollard— 150’s and 200’s 6 10 0 100’s 6 15 0

£ s d £ s d Copper, standardSpot 32 4 32 3 1£ Forward 32 6 101 32 G 3 Copper, electrolytic— Spot 35 10 0 35 10 0 Forward 3G 10 0 35 15 0 American 8.25 cents — Wire Bars 36 10 0 35 15 0 LeadSpot 11 1 3 10 17 6 Forward 11 7 6 11 2 G Spelter— Spot 14 12 6 14 7 6 Forward 14 IS 9 14 15 0 TinSpot 227 13 9 226 18 9 Forward 227 11 3 227 3 9 Silver (pence)— Standard 19 516 19 5 -16 Fine 20 1 3-16 i 20 13--16