OTAGO PRODUCE MARKETS

Southland Times, Issue 23716, 14 January 1939, Page 3

OTAGO PRODUCE MARKETS

LITTLE BUSINESS IN OATS GOOD SUPPLIES OF FRUIT AND VEGETABLES (United Press Association) DUNEDIN, January 13. Prospects of good returns from both wheat and •oat crops are very promiring. It now only requires a spell of fine, sunny weather to ensure satisfactory yields. It would appear that the harvest this year will be later than usual following on the unseasonable weather. Prices for the coming season’s wheat have now been fixed by the Government. They are on the same basis as those for last season’s wheat. Little business is taking place m the oats’ market. There is no demand from local millers or from merchants in the North Island. Drought conditions and fires in Victoria will affect supplies from that quarter and prices ruling in New Zealand for this variety of oats will be higher than those obtainable for Gartons. A demand exists in the North Island for Algerians as merchants there usually obtain their requirements from Australia. The opening price for New Zealand for Algerians is 2/9 a bushel. ■ Merchants are still waiting for the seed markets to open. The cutting of Chewings fescue will begin shortly on some of the light lands in Southland and by the end of the month harvesting should be general. The high winds which have been prevailing will cause a certain amount of loss. It is reported that the bulk of the ryegrass seed in the South Island will be affected by fungus growth. This will affect the germination of the seed. So far as the cocksfoot market is concerned it will be a full two months before the Akaroa crops will be ready. It is considered that there will -ot be the same quantity of Akaroa cocksfoot seed available this season consequent on excessive weed growth in other districts. However, it would seem that there will be ample supplies of this variety of seed. There 1 is a good demand for white clover and sales have been made for export to England. Isolated sales of ryegrass have also been made for export. The demand for browntop continues slow and there is little inquiry from overseas.

FRUIT AND VEGETABLES Big quantities of most fruit and vegetables were forward on the Dunedin market during the past week and for the most part prices. showed an improvement. The season for strawberries and cherries is just about over and raspberries are still coming forward in small lots. The market will be bare of bananas for at least 14 days as the next shipment is not due until towards the end of the month. Australian oranges from cool stores should be available some time next week. New season’s apples are in fair supply with high prices ruling for choice quality. The tomato market has beeix erratic and prices have shown a daily drop throughout the week. The demand was brighter today and the market showed a firming tendency. Apricots realized satisfactory values, supplies being hardly equal to the demand. Peaches have been in full supply, but low prices have been ruling. Small lots of nectarines realized satisfactory values. Black currants are in better demand. Gooseberries are difficult to place. New Zealand lemons are in short supply, high prices ruling. Cherries are now practically over only small lines reaching the market. Poor quality cherries are selling at low‘rates, but choice lines are realizing high values. Plums are in heavy supply and good dessert lines are selling at payable prices.

WYNDHAM STOCK SALE FAT SHEEP EASIER Henderson and Co. Ltd., report on the Wyndham stock sale as follows: — There was a fair yarding of all classes of stock forward. The fat sheep section consisted of a big number of good quality fat lambs. Competition was keen and the whole yarding was quitted at auction at prices equal to present schedule rates. Fat wethers and ewes for butchers’ purposes, were harder to sell and prices showed a decline on late sales. The store sheep section consisted solely of fair-quality ewes and lambs (all counted) in the wool. These were quitted at auction at late market rates. A fair number of good quality cows and heifers were yarded. There was a fair demand for this class and they sold readily at £1 10/- a head above last sale’s rates. Store cattle also sold well at late market rates. Sales:— Sheep.—Three fat lambs at 23/6, 1 fat wether at 22/-, 120 ewes and lambs at 14/-, 4 fat ewes at 7/6. Cattle.—One fat cow at £ll 5/-, 1 at £9 2/6, 1 at £7 2/6, 1 at £7, 2 at £6 12/6, 2 at £6 10/-, 1 at £6 2/6, 1 at £5, 1 store cow at £3 17/6, 2 at £3 15/-, 1 at £3 10/-. 1 at £3 3/-; 1 bull at £5 15/-. The New Zealand Loan and Mercantile Agency Co., Ltd., reports a fair yarding of fat lambs which sold at keen competition with freezing buyers operating, including northern representatives. Fat and shorn wethers were hard to sell. There was a good sale for the class of,cattle yarded. Sales:— Sheep.—Fifty-two fat lambs at 23/-, 128 at 26/3, 63 at 25/6, 183 at 25/-, 25 at 25/9, 14 fat ewes at 13/6, 45 at 10/9, 9 fat wethers at 15/6, 14 at 18/9, 63 store wethers at 16/10. Cattle.—Five steers at £4 19/-, 21 heifers at £5 1/-. 1 fat cow at £4 17/6, 1 at £5 17/6, 1 at £4 12/6. Pigs.—One at 28/-. The National Mortgage and Agency Co., Ltd., reports that a medium entry of store sheep, comprising mainly ewes and lambs, was offered and sales' were made at prices below those ruling in December. A fair yarding of good-qual-ity fat lambs sold under keen competition at prices fully up to schedule. The fat cattle market was a very sound one for the season and store cattle sold comparatively well. Sales:— Cattle.—Nine bullocks at £9 12/6, fat heifers at £B, £8 15/-, £9, £9 2/6, £9 10/-, £lO and £lO 15/- (2), 30 forward bullocks at £8 12/6, 4 one-year-old heifers at £3 7/6, store cows at £2 15/-, £3 5/- and up to £4 10/-. Sheep.—Thirty-five fat lambs at 26/-, 29 at 22/9 and 30 at 21/3, 14 fat ewes at 9/-, 10 at 12/-, 9 at 11/6, 7 wethers at 21/-, 128 ewes and lambs at 12/1, 40 at 7/3.

Dalgety and Co., Ltd., reports that there was a good yarding of sheep comprising principally of fat lambs. These met a ready sale and made prices fully up to, if not above, the current schedule. Fat lambs and wethers showed a marked decline and were only saleable at reduced prices. Sales:—Nine fat wethers at 22/-, 1 do at 21/-, 33 fat lambs at 24/9, 45 do at 24/6, 12 fat ewes at 11/-, 19 do at 9/6, 17 do at 13/-, 24 ewes and lambs at 13/2.

A medium-sized cattle yarding was forward and prices for all classes were fairly good. Sales:—One fat cow at £lO 15/-. 2 do at £lO 5/-, 1 at £9 5/-, 1 fat heifer at £9,1 at £B, lat £5 5/-, 1 forward cow at £6, 1 at £5 10/-, 1 at £5, 1 at £4 15/-, 1 at £3 15/-, 1 bull at £3 15/-,

COMPANY NEWS < N.Z. REFRIGERATING CO. (United Press Association) CHRISTCHURCH, January 13. The accounts of the New Zealand Refrigerating Company, which will be issued to shareholders about the middle of next week, will show that an amount of £85,376 2/10 is available for appropriation, including £37,185 8/- brought forward from last year. The directors recommend a dividend of 5J per cent, and an addition to the rebuilding reserve of £12,000, leaving the amount to carry forward, £38,379 1/10. FROZEN MEAT MARKET (United Press Associations WELLINGTON, January 13. The New Zealand Meat Producers’ Board advises that the following are the approximate average prices realized for the week based on actual transactions, wholesale quantities and descriptions of nieat mentioned and for representative parcels of goods offering during the week being for business done on the basis of delivery to Smithfield market and/or ex-London stores.

GOVERNMENT SECURITIES (Received January 13, 6.30 p.m.) LONDON, January 12. The following are the latest quotations for Government securities compared with the prices ruling last week:— Jan. 5 Jan. 12

DAIRY PRODUCE MARKET BUTTER FIRM AND ACTIVE AND CHEESE STEADY LONDON, January 12. The butter market is firm and active and cheese is steady. Quotations:—

Jan. 5 Jan. 12 d d N.Z. sheep— Crossbred wethers and/ or maiden ewes: Under 481b 434 434 49-561b 4>/ s 434 57-641b 4 34 434 65-721b 434 434 Ewes: Under 481b 3 3 49-561b 234 234 57-641b 234 234 65-721b 234 234 N.Z. Lambs— Canterbury: Under 361b M—• 37-421b —• MB 43-501b —• — Second quality: Average about 311b ■— Other South Island: Under 361b a* 37-421b 43-S01b — — North Island Downs— 361b and under 834 8 37-421b 8>'a 8 43-501b —— — Second quality: '734 Average about 301b North Island, first quality: Under - 361b •— 734 37-421b — 734 Second quality: Average about 311b 734 734 Australian Lambs— Victorian first quality: 29-361b 734 7 37-421b 634 634 Argentine Lambs — First quality: 361b and under 634 634 37-421b 6% 634 N.Z. Frozen Beef— Ox hinds (145-2101b) 434 434 Ox fores (145-2101b) 3 Ya 3 34 Australian Frozen Beef — Ox hinds (145-2101b) 434 434 Ox crops (145-2101b) 3 >/4 334 N.Z. Porker Pigs— First quality; 61-801b 734 734 81-1001b 734 734 101-1201b 634 634 N.Z. Baconer Pigs— 121-1601b 634 634 (Chilled beef prices are approximate average prices realized for the week.) N.Z. Chilled Beef— Ox hinds (145-2101b) 6 534 Ox fores (145-2101b) 334 334 Australian Chilled Beef— Ox hinds (145-2101b) 534 , 534 Ox crops (145-2101b) 334 334 Union of South Africa— Ox hinds (145-2101b) 634 — Ox fores (145-2101b) 4 — Southern Rhodesian Chiller Beef— Ox hinds (145-2101b) 53b 534 Ox fores (145-2101b) 334 334 Argentine Chilled Beef— Ox hinds (145-2101b) 634 634 Ox fores (145-2101b) 4% 434 Uruguayan Chilled Beef— Ox hinds (145-2101b) 634 . 634 Ox fores. (145-2101b) 4 334 The lamb market is easier on heavier Australian supplies. The trade generally is slow, but new season’s is meeting with ’fair inquiry. There has been a better inquiry for wethers with prices steady. Ewes are weak because of the poor demand. Frozen beef is meeting with fair trade. The chilled beef trade is good, but prices are lower on the week. Porker pigs are a shade easier because of the quiet demand. Boneless bobby veal has a weaker tendency because of heavier supplies.

British— £ s d £ s d Consols, 2*,4p.c. 70 1 3 70 17 6 Funding Loan, 4 p.c., 1960-90 107 5 0 108 3 9 War Loan, 3>,i p.c. 1952 97 11 3 98 6 3 Con. Loan, 3>,4 p.c 1961 98 10 0 98 17 6 Victory Bonds, 4 p.c. 106 17 6 107 10 0 Commonwealth — -- 5 p.c., 1945-75 102 13 9 102 13 9 4 p.c., 1943-48 100 5 0 100 1 3 3% p.c., 1948-53 95 8 9 94 17 6 3>/< P-C., 1956-61 85 8 9 85 7 6 3 p.c., 1955-58 83 10 0 83 8 9 New South Wales— 3»/z p.c., 1930-50 92 18 9 92 15 0 Victoria— 3 p.c., 1929-40 91 5 0 90 13 9 3% p.c., 1940-60 100 10 0 100 5 0 4 p.c., 1945-75 102 15 0 102 6 3 Queensland — 3 p.c., 1922-47 92 2 6 92 1 3 5 p.c., 1940-60 101 17 6 101 15 0 South Australia— 4 p.c., 1945-75 102 8 9 102 8 9 Western Australia — 3 p.c., 1945-75 * ,4 p.c., 1942-62 98 15 0 98 2 6 Tasmania— 3>/ 2 P-c., 1920-40 100 8 9 100 7 6 4 p.c., 1940-50 98 5 0 98 7 6 New Zealand — i¥z p.c., 1948-58 93 15 0 94 15 0 3 p.c., 1940 98 11 9 98 18 9 3 p.c., 1945 88 10 9 89 5 0 •Not received.

BUTTER Danish— Salted Unsalted Jan. 5 Jan. 12 New Zealand— Choicest salted Unsalted 117/119/- to 166/Australian— Choicest salted Unsalted 116/119/- to 118/CHEESE 124/New Zealand— White Coloured 69/6 to 70/69/6 to AustralianWhite Coloured 64/- to 64/6 65/- to 65/6 64/6 to 65/6 65/- to 66/-