CITY MARKETS

Southland Times, Issue 25680, 24 May 1945, Page 2

CITY MARKETS

HEAVY DELIVERIES OF OATS Good weather prevailed in Southland ing the past week. Wheat.—There have been few offerings lately. Most of the grain Is now in stack, and there is plenty of fowl wheat to satisfy the local demand. ' Oats.—Stack threshing is now general, and heavy deliveries are being made to the stores of mills. The quality is remarkably good, considering the harvesting conditions this year. Practically all deliveries are being accepted as milling quality. * All seed markets remain firm, with good local and overseas demands for most varieties. Ryegrass.—Local germinations are disappointing, the majority of samples testing about 70 per cent. However, with the absence of higher germinating seed, northern merchants are accepting such lines at a discount. Italian.—There is a good demand and sales have been made overseas of certified seed with good germination. Cocksfoot.—The cocksfoot market is still firm, with export inquiries. Cablegrams received from London indicate that production will begin again next harvest on the Continent. Consequently, lower prices can be expected. White Clover.—The white clover market is very firm, particularly for seed of high purity. Sales continue to be made overseas, subject 'to the lifting of the embargo. The local crop was a most disappointing one, and it is safe to say that only 10 per cent, of the areas closed up were harvested. Montgomery Red Clover.—Growers are busy with the headers at the moment, but, because of the heavy undergrowth, operations can only be carried on for a few hours daily. Yields are reported to be about one bag of seed an acre. Doostail.—The market is not quite so firm because of the slackening off of the overseas demand. Browntop.—Harvesting has finished and the market is firm. Chewing’s Fescue.—Most of the seed has been disposed of. This year will go down as one of the most successful for price and tonnage. SHIPMENT OF ISLAND ORANGES The first shipment of Island orangds for the season arrived in Invercargill at the weekend. There was only a small quantity and rationing of supplies is necessary. Australian oranges are expected to arrive within the next month. It is rumoured that larger supplies will be available than for some years. Lemons are still in short supply, and the situation has hardly been relieved by the small quantity of Australian lemons that arrived last week. Pears are scarce, and consignments of apples have begun to ease off. Stocks of both pears and apples in the 'cool store are reported to be much lighter this year than they have been for several seasons. A few odd lines of tomatoes are still coming forward, but the season may be regarded as generally finished. There is a good inquiry for cabbages and carrots. Parsnips are in short supply. Marrows are plentiful, but supplies of pumpkins are smaller. Good quality potatoes are still scarce.

BURNSIDE STOCK SALE'

PRIME OX IN DEMAND (P.A.) DUNEDIN, May 23. The yarding of fat cattle at Burnside today numbered 375. Prime sorts were in short supply, and the demand for prime ox resulted in an improvement of 20/- a head on last week, while medium and lighter sorts received poor attention. Extra prime bullocks sold up to £22/2/6, prime £l7/17/6 to £l9/17/6, medium £l4/2/6 to £l5/2/6 and light from £l2/17/6; extra prime cows fetched from £l2/17/6, prime £9/17/6 to £ll/2/6, medium £7/17/6 to £B/7/6 and light from £6/2/6. Extra prime heifers fetched up to £l4/2/6, prime £lO/12/6 to £ll/17/6, medium £B/6/6 to £9/12/6 and light from £6/7/6. There was a yarding of about 2000 lambs, and the quality generally was ordinary, with several pens of light and unfinished descriptions. Prices realized were up to schedule rates, and in some cases exceeded them. Extra prime types sold up to 30/-, prime 30/- to 33/-, medium 27/- to 28/6 and light from 22/-. The number of fat sheep penned did not compare with the total at the last auction, and the total for the. sale was about 1900. Butchers were operating for wethers ’of all kinds, while young and best quality ewes also received keen attention. Other classes, such as light sorts, were mostly secured by export buyers. Extra prime wethers .brought up to 44/6, prime 40/- to 42/6, medium 36/6 to 37/6 and light from 32/-. There was a fairly large entry of store cattle, and ” although competition was not particularly keen, there was a fair sale compared with the fat cattle auction. Three to four-year-old steers brought from £ll to £ll/7/-, two and a-half year olds from £9 2/6 to £lO/5/- and smaller from £7/2/6. Baconers yarded numbered about 70, the smallest for several sales. The sale was a keen one, and the tendency was for butchers to compete for heavyweight pigs. Best baconers realized up to £B/3/-, prime £6 15/- to £7/3/-, medium £5/2/- to £5/11/and light from £4/14/-.

STOCK EXCHANGES

DUNEDIN—SaIes reported: Government 2>/z p.c. Stock 1946 (£4000), £99/10/-; (£1000), £99/10/-; National Bank of New Zealand (50), £2/18/6; Southland Frozen Meat, ord. (50), £2/14/-; Southland Frozen Meat, ord. (50), £2/14/6; Standard Insurance (200), £4/3/6; Macduffs (pref.) (800), £l/6/-; N.Z. Drug (£1 paid) (64), £3/1/-; Wool Bonds 1948 (£45), £l/0/8; Wool Bonds 1949 (£4O), 19/8. CHRISTCHURCH—N.Z. Government 3 p.c. Stock December 1953-56 (£200), £9B/7/6; Fletcher Holdings (100), £l/9/6. Sales, reported: N.Z. Government 2’/a p.c. Stock 1946 (£4000), £99/10/-; National Bank of New Zealand (102), £2/18/9 (odd parcel); Australian Foundation Investment (1500), 5/-, 5/1; Broken Hill Proprietary (300), £2/6/- (2); Macduffs Ltd. (ord.) (100), 16/3; N.Z. Drug Co. (fully paid) (26), £5/3/- (odd parcel); N.Z. Drug Co. (£1 paid) (46), £3/1/- (odd parcel); Broken Hill South (100), £l/8/-; Mount Morgan (ord.) (100), 7/7. WELLINGTON—SaIes Tuesday: 3 p.c. Stock 1955-58 (£1535), £9B/2/6 (3); 4 p.c. 1946-49 (£7?0), £lOO/15/-; Woolworths Limited (1200), £l/3/3 (3); Fletcher Holdings (300), £l/9/6. Sales yesterday; 2'/ 2 p.c. Stock 1953 (810), £94/2/6 (2); 4 p.c. 1944-58 (300), £107; 3 p.c. 1955-58 (£1750), £9B/5/- (3); 2>/a p.c. 1949-50 (£250), £96/12/6; 3 p.c. 195356 (£1200), £9B/10/-; 3 p.c. 1951-54 (£1550), £9B/5/-; 4 p.c. 1949-52 (£2200), £lO2/5/-(2); National Bank of New Zealand (50), £2/18/6; do. (202), £2/18/9; Bank of New Zealand (85), £2/7/9; Goldsbrough Mort (240), £1 11/7; Fletcher Holdings (200), £l/9/6; Woolworths (N.Z.) (100), £l/3/3; McKenzie’s (100), £3/4/-; Booth Macdonald (200), 1/6. AUCKLAND—Stock 1946 2‘/s p.c. (£1060), £99/12/6; do. 1960-63 3 p.c. (£1025), £96; Victory 1955-58 3 p.c. (£800), £9B/2/6; National Bank of New Zealand (200), £2/18/9 (2) Bank of New Zealand (398), £2/7/9 (3) New Zealand Breweries (100), £2/3/10; Broken Hill Proprietary - (150), £2/6/-; Colonial Sugar (5), £59/15/-; Fletcher Holdings (1400), £l/9/3 (6); G. J. Coles (150), £3/10/6 (2); Macduffs (160), 16/3; Reid Rubber (100), £l/12/-; Silknit (133), £l/4/-; Union Oil (200), £l/9/6; Wilson’s Cement (1001, 18/9; Woolworths (N.Z.) (300), £l/3/3; Australian Foundation Trust (1700),, 5/-; Mt Morgan (pref.) 300), £l/2/-; North Broken Hill (100), £2/12/6.