OTAGO PRODUCE MARKETS

Southland Times, Issue 23664, 12 November 1938, Page 4

OTAGO PRODUCE MARKETS

Wheat Crops Benefit By Rain DEMAND FOR OATS NOT STRONG (United Press Association) DUNEDIN, November 11. It is understood that a further shipment of Australian wheat is coming to Dunedin, as it has been found that some millers are short of the stocks required to carry them on till the new season’s wheat is available. The crops have been greatly benefited by the rains which have fallen throughout the South Island. In the Canterbury district a spell of fine weather would now prove beneficial. In North Otago and Canterbury spring sown wheat is looking exceptionally well and is showing up much better than autumn sown wheat, which in some areas has been affected by too much moisture. Districts south of Dunedin did not have the same amount of rain as those in the north and in some quarters farmers would welcome further rains. The fowl wheat market remains firm. The North Island is being supplied with wheat from Australia and local merchants from South Canterbury. It is considered that there is just about sufficient fowl wheat in South Canterbury to meet the requirements until the new season’s wheat comes on the market. The market is firm at 6/9 a bushel, sacks extra, for best quality. OATS STOCKS LIGHT The demand for oats continues weak. Millers are not operating and the consumptive demand for feed purposes is small. Stocks of oats are on the light side in this centre. Shipping quotations are unchanged at 3/3 f.o.b. s.i. for A Gartons and 3/- f.o.b. s.i. for B Gartons. Local requirements are being filled with lines from the small stocks in the stores. Few lines are now available from the country. > The demand for chaff continues on the quiet side. Light stocks are held in the stores. Sales of small lots are being made at £6 10/- a ton, sacks extra. Local merchants are supplementing their supplies with purchases from Canterbury. Despite the fact 'that prices for potatoes have firmed in Canterbury, there is no life in the local market. Buying is from hand to mouth, with freshly picked lines worth £2 5/- to £2 10/- a ton, sacks included, ex store. All the seeds markets, with the exception of brown top, remain firm. The scarcity in some of the lines, particularly certified ryegrass and white clover, continues. There is also a shortage of ordinary ryegrass. A' fair quantity of these three varieties of seed, with lines of cow grass, has. been purchased for export to Australia. ■ The cocksfoot market remains firm and stocks of good quality are .now in small compass. The same position applies to crested dogstail and it is difficult to secure lines of export quality. FRUIT REPORT A shipment of approximately 3500 cases of oranges arrived on Tuesday ex the Maunganui. The fruit opened up in good order and had a ready sale at the marts. A large shipment of pineapples was also on board the Maunganui. They were mostly in poor condition. New Zealand lemons are in heavy supply and low prices are ruling. The first strawberries of the season have arrived from Central Otago. They realized up to 3/- a pottle. It is expected that supplies will increase from now onwards. Bananas are in short supply. A shipment is due on Tuesday week ex the Maui Pomare. These will be railed from Lyttelton. Supplies of tomatoes are increasing and are meeting with a ready sale. Californian grapes are being sold at prices which cannot show importers any margin of profit. Apples ex cool stores are in short supply and anything choice is immediately taken up at good values. Most of the lines have been arriving in a wasty condition and have to be repacked.

CLEARING SALE AT APARIMA

J. R. Mills and Son, Ltd., in conjunction with the Southland Fanners’ Co-operative Association, Ltd., held a successful clearing sale at Aparima on behalf of Mrs G. James. There was a good attendance of the public and satisfactory prices were realized. Following• were some of the sales:— Horses.—One 4-year-old gelding £2O 10/-, 1 6-year-old at £24, 1 unbroken gelding at £l2 10/-, 1 5-year-old mare at £27, 1 aged mare at £2O 10/-, 1 at £22 10/-, and 1 at £4. Sheep.—One hundred and twenty-one ewes with lambs at 19/5 (all counted), 94 at 19/7 (all counted), 136 at 22/6, 115 at 19/-, 64 at 19/-, 45 at 10/-, 28 at 17/6; 11 wethers at 19/1; 17 ewe hoggets at 29/-, 1 Southdown ram at 4gns, 1 at 3gns, 1 at 2Jgns, 1 at IJgns; 6 Romney rams at Jgn. Cattle.—One dairy cow at £7, 1 empty cow at £5, 1 empty heifer at £5 10/-, 1 at £3 12/6; 1 steer at £7. Implements.—One double scuffler at £2 15/-; chain harrows at £2 2/6; tyne harrows at £8 and £3 2/6; swing plough at £l7 10/-; double furrow plough at £10; disk harrows at £l2; cultivator at £3 10/-; roller at £l7 10/-; binder at £35; ridger at £27; drill at £5O; drays at £7 5/- and £7; trolley at 30/-. Sundries brought full market rates.

GOVERNMENT SECURITIES

(Received November 11, 6.30 p.m.) LONDON, November 10. The following are the latest quotations for Government securities compared with the prices ruling last week:—

British— Nov. 3 Nov. 10 d £ s d £ s Consols 72 10 0 72 12 6 Funding Loan, 4 p.c., 1960-90 109 1 3 109 16 3 War Loan, 3',4 p.c. 99 5 0 99 16 3 Con. Loan, 3(4 p c. 99 12 6 100 2 6 Victory Bonds, 4 p.c. 108 0 0 108 12 6 Commonwealth— 5 p.c., 1945-75 105 0 0 105 13 9 4 p.c., 1943-48 99 15 0 100 5 0 3% p.c., 1948-53 97 16 3’4 p.c.i 1956-61 87 1 3 87 7 6 3 px., 1955-58 85 7 6 85 3 9 New South Wales— p.c., 1930-50 94 7 6 94 6 3 Victoria— 3 p.c., 1929-49 92 7 6 92 2 6 4(4 p.c., 1940-60 101 17 6 101 16 3 5 p.c., 1945-57 104 17 6 105 7 6 Queensland — 3 .p.c., 1922-47 93 3 8 93 16 0 5 p.c., 1940-60 .101 10 0 101 16 3 South Australia— ■■ 5 p.c., 1945-75 105 0 0 105 7 6 3 p.c., 1916 (opt.) 74 7 0 74 10 0 Western Australia— 4 p.c., 1942-62 99 2 6 99 16 3 New Zealand— 414 p.c., 1948-58 97 17 6 99 17 6 3’4 P-C., 1940 99 2 6 99 6 3 3 p.c., 1945 90 13 9 90 12 6