OTAGO PRODUCE MARKETS

Southland Times, Issue 23840, 10 June 1939, Page 4

OTAGO PRODUCE MARKETS

FAIR DEMAND FOR SEED WHEAT HIGH VALUES RECEIVED FOR POTATOES (United Press Association) DUNEDIN, June 9. The bulk of the wheat grown in the Otago district has now been marketed. An occasional line is still coming in, and if the wheat is up to standard it is taken up by millers. Millers, however, are now carrying good stocks and will only purchase lines in sound condition. The advanced price for the month of June for milling wheat is on a basis of 5/8 f.0.b., sacks extra, for Tuscan, growers’ nearest port, 5/10 for Hunters and 6/- for Velvet. The fowl wheat market is quiet, but lines are still on offer from the Southland district. The maximum price for fowl wheat is on a basis of 5/8 f.0.b., sacks extra, but merchants are not keen to pay this price as they have sufficient stocks in hand. Small lots are selling ex stores at up to 6/3 a bushel, sacks extra. A fair demand continues for seed wheat. It is expected that many farmers who have not given much attention for a number of years to the growing of wheat are now making provision for sowing down fair-sized areas, and the usual growers are increasing their acreages. This will result ,in a substantial quantity being available from the Otago district nextr season. The oats market continues steady, with little if any change in values. Shipping prices are unaltered at 3/1 f.0.b., s.i., for A Gartons and 2/10 f.0.b., s.i., for B’s, and during the week sales have been effected from the country on a basis of 2/3 to 2/4 on trucks for heavy gartons, 2/2 for A’s and 2/- for. B’s. There is no outlet for undergrade lines, which are difficult to place at down to 1/9 a bushel. CHAFF MARKET The chaff market is being well supplied with consignments from. the country. The demand, however, is on the slow side. For truck loads, the current quotation is £4/5/- a ton, sacks extra, but most of the business going through is confined to small lots ex stores at £4/15/- a ton, sacks extra. Values in the country are round about £3/15/- a ton, sacks extra, but this price is only obtainable for good bright quality. There are signs of a quieter tone in the potato market, but values continue to rule higher. The extensive buying in Canterbury by merchants who had to cover their orders for the May delivery has now ceased and this had a quietening effect on business. Sales of whites have been made in Canterbury at £ll/5/- a ton f.0.b., s.i., but there are now few orders being received for shipment to the North Island. Prices on the local market are more or less nominal. The quotation ruling in Dunedin for best quality whites may be named as £lO a ton, sacks extra, and Kling Edwards are realizing round about £l2/15/- to £l3 a ton. The market for all seeds is quiet, with prices steady. Steady supplies of apples are still reaching the market. Stocks of inferior grade have been accumulating in marts and are now being offered at low rates. Supplies of choice dessert apples are, however, on the short side. There is a steady demand for cooking sorts. Dessert and cooking pears are saleable at low prices. i / Outside-grown tomatoes are still available from Canterbury. The demand is weak unless the tomatoes are of choice quality. There is a better demand for hothouse-grown. Cauliflowers were in better supply during the week and the market had an easier tone.

Cabbages are still bringing good prices. A good demand exists for choice quality lettuce. Carrots and parsnips are in short supply and swedes are plentiful.

CANTERBURY MARKET

LITTLE VARIATION SHOWN (United Press Association) CHRISTCHURCH, June 9. There has been very little variation in the Canterbury grain, seed and produce markets. The potato market is, if anything, a shade easier. Although quotation to fanners remains nominally about £8 to £B/10/-, growers have been offering a little more freely. Two large shipments from Lyttelton should be available next week in Auckland, where stocks are reported to be fairly short. The Waikouaiti, the latest boat to carry potatoes to the north, took 8200 bags from Lyttelton and Timaru. Chaff and oats are unchanged, and there has been little activity in small seeds. Most offerings from the country have ceased and there has been no inquiry from overseas. GOVERNMENT SECURITIES (Received June 9, 6.30 p.m.) LONDON, June 8. The following are the latest quotations for Government securities compared with the prices ruling last week:—

THE WHEAT MARKET CARGOES LOWER; PARCELS EASIER LONDON, June 8. Wheat cargoes are lower. Parcels are easier. Futures: London: July, 22/9J; August, 22/10. Liverpool: July, 4/1?; October, 4/5; December, 4/6§. Spot trade is quiet. Australian, 23/9 to 24/9. Flour is quiet. Australian, ex store, 19/- to 20/3.

STOCK SALES

BIG CATTLE YARDING AT WYNDHAM There was a small yarding of sheep and a large yarding of cattle forward at the Wyndham stock sale. The fat sheep section consisted mainly of fair conditioned freezing lambs which met with a good sale, and prices all over realized full schedule rates. The store yarding consisted mostly of medium quality ewe hoggets. There was a fair demand for these and prices realized late sale s 3 the fat cattle section there was a fair number of good quality cows and heifers, with one or two pens of prime quality steers. There was a good demand for good quality and prices showed an advance of £1 a head over last sale. Store cows were also in demand and sold slightly over late rates. A few lines of good, well-grown young steers were yarded and sold slightly better than late sales. Dairy cows at profit also sold wpII Henderson and Co. sold:—Sheep: 4 ewe lambs at 20/-. Cattle: 1 fat cow at £6, 2 at £5/17/6, 1 at £5/7/6, 1 at £5/2/6, 1 at £5, 3 at £4/17/6, 1 store cow at £4/5/-, 1 at £4/2/6, 2 at £3/7/6, I at £3, 2 yearling steers at £3/15/-, 1 dairy cow at £9. Pigs: 9 at 15/-. Dalgety and Co., Ltd., sold: 1 heifer at £5/2/6, 1 at £5/15/-, 2 at £3/5/-, 1 at £3/15/-, 1 cow at £4/17/6, 1 at £5/7/6, 2 at £4/5/-, 1 at £5, 1 at £4/10/-, 1 at £6/17/6, 1 at £5/7/6, 1 bullock at £l2/10/-, 1 at £B/10/-, 1 spring dray at £2, 1 dog at 10/-. The National Mortgage and Agency Company sold:—69 Romney ewe hoggets at 20/8, 27 wether hoggets (small) at 10/-. Dairy cows: £6/15/- to £9/10/-. Fat bullocks: £9/2/6, 5 fat heifers at 5/7, fat cows £4/5/- to £6; 6 cows and calves at £4/10/-, 10 cows and calves at £4/7/6. Store cows: £3/5/-, £3/10/-, £4, £4/12/- and £3/10/-. Six 2Jyr steers brought £6, II yearling steers £4/10/-, 4 at £3/7/-, 1 yearling heifer brought £2/10/-.

FOREIGN EXCHANGES (British Official Wireless) RUGBY, June 8.

THE METAL MARKET

LONDON, June 8. Metal quotations are as follows:—

June 1 June 8 £ s d £ s d British— Consol, 2',4 p.c. 69 0 0 68 15 0 Funding Loan, 4 p.c., 1960-90 108 0 0 107 15 0 War Loan, 3'/z P-c., 1952 95 15 0 95 2 6 Con. Loan, 3',2 p.c., 1961 96 0 0 95 10 0 Victory Bonds, 4 p.c. . 108 0 0 107 10 0 Commonwealth — 5 p.c., 1945-75 103 15 0 102 0 0 4 p.c., 1943-48 101 0 0 99 10 0 3% p.c., 1948-53 96 15 0 95 0 0 3 >4 p.c., 1956-61 87 12 6 86 17 6 3 p.c., 1955-58 86 15 0 84 12 6 New South Wales — 3*,4 p.c., 1930-50 94 12 6 93 5 0 Victoria — 3 p.c., 1929-40 . 93 5 0 91 0 0 3% p.c., 1940-60 100 0 0 100 2 6 4 p.c., 1945-75 103 10 0 101 17 6 Queensland — 3 p.c., 1922-47 92 10 0 91 15 0 5 p.c., 1940-60 101 17 6 101 7 6 South Australia— 4 p.c., 1945-75 103 7 6 102 7 6 Western Australia— 3 p.c., 1945-75 4 p.c., 1942-62 98 10 0 97 5 0 Tasmania— 3’,4 p.c., 1920-40 99 16 3 99 15 0 4 p.c., 1940-50 99 0 0 98 0 0 New Zealand— 4>,4 p.c., 1948-58 97 15 0 97 0 0 3 p.c., 1940 99 5 0 99 3 9 3 p.c., 1945 92 2 6 90 10 0

Par. June 6 June 8 Paris, fr. to £1 197.60 176 47-64 176 47-64 New York, dol. to £1 4.866 4.68 19-32 4.68 13-16 Montreal, dol. to £1 4.866 4. 69% 4.68 13-16 Brussels, belgas to £1 35 27.52% 27.51 Geneva, fr. to £1 25.2215 20.75 20.77 Amsterdam, fl. to £1 12.107 8.81 8.79 >4 Milan, lire to £1 92.00 89 1-16 89% Berlin, reichmarken to £1 20.43 11.67 11.68 Copenhagen, kr. to £1 18.159 22.40 22.40 Stockholm, kr. to £1 18.159 19.42 19.42 Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. to £1 34.585 — — Prague, kr. to £1 164.25 — Helsingfors, marks to £1 193.23 226% 226% Madrid, pesetas to £1 25.2215 Lisbon, escudos to £1 110 110% 110% Athens, drach to £1 375 547% 547% Bucharest, lei to £1 818.60 660 660 Belgrade, dinars 376.3 209 209 Rio de Janeiro, pence to mllrels 5.899 2 25-32 2 25-32 Buenos Aires, pence to dol. 11.45 20.24% 20.22 Montevideo, pence to peso 51 18 18 Bombay, pence to rupee 18 17% 17% Shanghai, pence to yen • — —

June 7 A ton. June 8 A ton. & B d £ s d Copper— Standard, spot 42 7 6 42 3 114 Forward 42 13 114 42 10 714 Electrolytic 48 10 0 47 15 0 to 48 15 0 48 10 0 Wire bars 48 15 0 48 10 0 LeadSpot 14 6 1014 14 8 114 Forward 14 11 1014 14 10 714 SpelterSpot 14 3 114 14 1 1014 Forward 14 7 6 14 5 714 TinSpot 225 7 6 225 12 6 Forward 223 12 6 223 7 6 SilverFine, per oz 19 15-16d 19 15-16d Standard, per oz 21'/ad 2114d