OTAGO PRODUCE MARKETS

Southland Times, Issue 23652, 29 October 1938, Page 4

OTAGO PRODUCE MARKETS

Good Prices Paid For Wheat SMALL LOTS OF CHAFF SOUGHT ' (United Press Association) DUNEDIN, October 28. The sowing of wheat in southern districts continues later than in Canterbury, but southern farmers have now also completed their sowing for the season. Good prices have been met in both Otago and Southland and crops should consequently be given a good start Yields up to the average should be obtained throughout the South Island. Statistics of the area planted in wheat in the Dominion should be available next month. . . Little business is passing in milling wheat. Millers continue to work on their stocks of both New Zealand and, Australian-grown wheat and there is now very little, if any, old seasons milling quality to come on the market. Stocks of fowl wheat held locally are on the short side. Dunedin merchants are obtaining- most of their requirements from South Canterbury and North Island merchants are working on supplies of Australian grown. The local market is firm at 6/9 a bushel, sacks extra, ex store. Millers have ample stocks of oats to meet their requirements. , . There ‘aTe no oats available for shipment for this port and North Island merchants are drawing them smati requirements from Canterbury and Bluff. The ruling shipping quotation is 3/3, f.o.b.s.i-., for A Gartons and 3/-, f.0.b.5.i., for B’s. In the absence of supplies in the country quotations on trucks are more or less nominal on shipping parity. However, A Gartons are worth in the country 2/9 a bushel and B’s 2/6. CHAFF VALUES UNALTERED Small lots only of chaff are inquired for and it is quite the exception to find a buyer for la truck load. Values remain unaltered, with good sound quality worth £6 10/- a ton, sacks extra, ex store. This price is for small lots. Most of the supplies for the local market are being obtained from South Canterbury. The potato market continues dull and sales are difficult to make. The stores are holding sufficient to meet the demand till tile new potatoes are in full supply and sales are being recorded at £2 to £2 10/- a ton, sacks included, ex store. Substantial quantities are still held in the country and merchants are advising growers that it is useless sending them to the market. It would appear, therefore, that the surplus will have to be utilized for feeding to stock or otherwise disposed of. Beneficial rains throughout the country have improved the retail business in seeds. Deliveries to the country are now general and a fair quantity is being 'distributed. Thete are also inquiries from overseas for several lines. Sales of cocksfoot have been made to England and business has been done with Australia in ordinary and certified ryegrass. Sales of white clover also have been made to England and Australia. Orders in the retail trade and export business have resulted in continued firmness in prices, with stocks of most seeds in short compass. This shortness applies more particularly to ryegrass and white clover stories of cocksfoot are (required for spring sowing only. . Markets which can be said to be quieter are cowgrass and browntop. Export business in browntop has been disappointing and few sales have been made for-shipment overseas. FRUIT REPORT The shortage of oranges and bananas was reieved by shipments in the Waitaki from Melbourne of the former and shipments of bananas in the Maui Pomare. Both lines of fruit were in excellent order and met with a ready sale. A shipment of Valencia oranges is due by the Maunganui next Tuesday week. A small shipment of Samoan bananas is due to arrive in about a week’s time. Small shipments of pineapples have reached the market Californian grapes are in short supply. Another supply is due towards tiie end of next week. Hothouse tomatoes are daily increasing in supply, but prices still compare favourably with those ruling at this time last year. The quantities coming to hand are not so heavy as usual. For this time of the year New Zea-land-grown lemons are in heavy supply and sales are on the slow side. Small lots of pears continue to reach the market from northern cool stores. Apples are coming forward from Christchurch and Nelson cool stores and are quickly taken up on arrival. New potatoes are increasing in supply. They are being sent to the marts mostly from Sawyers Bay and the Peninsula districts. Green peas are also increasing in supply. These are coming mostly from the Canterbury and Waimate districts. Spring cabbages ate fairly plentiful and supplies are now equal to the demand. Cauliflowers are in over-supply and prices have eased. CANTERBURY MARKET

CHAFF ALMOST IMPOSSIBLE TO OBTAIN CHRISTCHURCH, October 28. Rain which fell all over Canterbury this week was particularly welcome to farmers. A fairly long spell of fine weather and warm north-west winds had dried the ground up and farmers were looking for rain for their wheat and other crops. Those who had not planted their barley and peas had an excellent opportunity to get the job done.

Business in the grain markets has been no brighter than in the last few weeks. These has been some small inquiry for B Garton oats and also for chaff, but chaff is almost impossible to obtain now.

Partridge peas for seed have also been in demand, but they, too, are hard to obtain. Moreover, this is just about the end of the season and farmers who have not planted now will be almost too late.

Some inquiry has developed in the potato market for Suttons, but supplies of good ones are short. Plenty of Dakotas are still offering, but little interest is being taken in them. Some merchants have given the potato market up for the season and there is little buying. It is reported that farmers are sending their own potatoes to the North Island on consignment. On present indications the potato crop in Canterbury next season will not be as large as the present one. Reports of growers reducing their acreages come in from day to day. One well-known farmer who nearly always has somewhere about 25 acres in potatoes will have three next season and others have said that their acreages will be halved.

DEMAND FOR YOUNG WORKING HORSES

There was a big attendance of farmers at the monthly horse sale con-

ducted by Wright, Stephenson Ltd. in their horse bazaar, Wigan street, Gore, yesterday. The demand was good for young guaranteed working sorts and prices were slightly better than those at recent sales. Top price was secured for a five-year-old gelding offered on account or Mr H. W. Maudsley, of Seaward Downs, and purchased by Mr D. Dodds, of Waikoikoi, for £33. There were very few passings and the competition was keen throughout. A registered mare, Mossdale Lady Ann, offered on account of Mr Maurice Windle, of Riversdale, was bought by Mr W. Miller, of Riversdale, for 27 guineas, and a four-year-old registered filly, offered on account of Mr W. Chittock, Waikaka Valley, was bought by Mr Miller for 19} guineas. Sales were:— One eight-year-old gelding at £l6 10/-, 5-year mare at £26 10/-. 9-year gelding at £29, 9-year do. at £l5, 5year do. at £27 10/-, aged do at £2 10/-, 4-year do. at £l9, 9-year do. at £7, 6-year mare at £24, 5-year do. at £26, 4-year do. at £lO, 4-year do. at £2O, 5-year gelding at £l7 10/-, aged mare at £ll 15/-, registered mare at 27gns, 5-year gelding at £22 10/-, 6year mare at £2O, 8-year do. at £l9, 4-year gelding at £2l 10/-, 5-year do. at £33, 4-year do. at £23, 9-year do. at £5 5/-, 4-year do. at £l7, aged do. at £7, 7-year do. at £l6, 4-year registered filly at 19Jgns, 9-year mare at £3, 8-year gelding at £l9, 9-year mare at £l9, aged gelding at £lO 10/-, aged mare at £5, 5-year gelding at £l5, 7-year gelding at £5, 5-year mare at £23, 9-year do. at £2O 10/-, aged s.c. gelding at £9 10/-, 8-year gelding at £ll 10/-, aged do. at £l, 8-year gelding at £l5, aged hack at £1 10/-, 8year hack at £2 5/-, aged gelding at £l2, aged hack at £l, saddle pony at £7.

Passed in: Four-year-old filly at £2O, 4-year gelding at £l5, 4-year do. at £23, 4-year gelding at £l7, 3-year gelding at £l3, 4-year mare at £5O, 7-year mare at £23, 8-year gelding at £l5. GOVERNMENT SECURITIES (Received October 28, 6.30 p.m.) LONDON, October 27. The following are the latest quotations for Government securities compared with the prices ruling last week:—

Other commercial news is printed this morning on page 23.

Oct. 20 Oct. 27 £ s d £ 8 d British— Consols 72 3 9 72 3 9 Funding Loan, 4 p.c., 1960-90 War Loan, 3>,4 p.c. 108 16 3 108 18 9 100 16 3 99 5 0 Con. Loan, 3*/ 2 p.c. 99 15 0 99 15 0 Victory Bonds, 4 p.c. 107 8 9 107 12 6 Commonwealth— 5 p.c., 1945-75 105 1 3 105 3 9 4 p.c., 1943-48 99 15 0 99 15 0 3% p.c., 1948-53 97 15 0 97 15 0 3% p.c., 1956-61 88 17 0 88 10 0 3 p.c., 1955-58 85 15 0 85 10 0 New South, Wales— 4ft p.c., 1930-50 94 15 0 93 18 9 Victoria— 3 p.c., 1929-49 91 17 6 92 0 0 4>/ 2 p.c., 1940-60 101 10 0 101 7 6 5 p.c., 1945-57 105 0 0 105 2 6 Queensland— 3 p.c., 1922-47 93 5 0 93 2 6 5 p.c., 1940-60 101 6 3 101 8 9 South Australia— 5 , p.c., 1945-75 104 17 6 105 5 0 3 p.c., 1916 (opt.) 74. 5 0 74 5 0 Western Australia— 4 p.C., 1942-62 99 10 0 99 8 9 New Zealand— 4’/ 2 p.c., 1948-58 99 0 0 98 10 0 3)4 p.c., 1940 99 8 9 99 10 0 3 p.c., 1945 92 11 3 91 8 9