COMMERCIAL.

Taranaki Daily News, 18 August 1926, Page 2

COMMERCIAL.

CANTERBURY MARKETS. WHEAT AND OATS. By Telegraph.—Press Association Christchurch, Last Night. A firming has taken place in the oat market. Values had gradually slipped back until business was at a standstill. The main cause of the sagging was the influx of Canadian and Chilian oats into Auckland early In the season. These oats, which actually cost buyers more than southern oats, receded too. The latter are now about consumed and this circumstance has reflected favourably on the demand for southerns. Another factor is that the jump up in wheat values diverted fowl feed necessities to oats. As wheat is now practically unprocurable for fowl feed a very substantial quantity of oats is likely to be used for this purpose. As a rule, moreover, when wheat moves up in price oats follow in sympathy. To-day the price is 5s 3d f.o.b. sacks in for A Gartons and 4s for B's —an advance of about 3d a bushel during the week. Wheat is worth 7s 9d f.o.b. for fowl feed, but it, takes finding. i POTATOES. There was a spasm of improvement in the potato market yesterday, but it disappeared over-night on Saturday. Coastal business was down to'£s 10s f.o.b. sacks in yesterday. As a result of Auckland Inquiries and southern merchants covering a few sales, it advanced to a £5 15s basis, but to-day it is back to Saturday’s figure. The Katoa, for Auckland, yesterday took only 1000 sacks, of which 300 were seed and ibis, following on a very light shipment of the following week, will no doubt leave the Auckland boards bare. The next vessel for the north sails about the beginning of the week. Stocks in store at port are very little reduced, but some of them are being rebagged for the next Sydny boat on the 26th Inst. A rather new sidelight ph the position is that a small sale is reported to have been made to South America. TARANAKI STOCK MARKET. Messrs Newton King, Ltd., report:— At Stony River on August 10 there was ft good penning of all classes of cattle, which included a line of well-finished bullocks, the property o f Mr. Chas. Wells. These were well competed for and prices were slightly better than those at last sale. This also applied to a pen of fat cows. Store cattle were in fair supply and prices much on a par with late sales. Yearling Jersey heifers with quality and size sold perhaps a little better. The dairy sale opened quietly, but afterwards improved, and a good clearance was made. Pigs were in keen demand. Quotations* were: Fat bullocks, £ll 17s, £ll 10s, £ll 7s 6d; fat cows, £8 3s, £6 4s, £5 Ils; yearling Jersey heifers, £3 14s; small crossbred yearlings, 22s to 365; springing heifers (best quality), £7 to £10; medium-sized crossbred heifers, £5 to £'< ; large store pigs, £2 10s; medium stores, 35s and 365; slips, 22s to 255. dairy cows, from £6 to £lO. At Waiwakaihfi on August 12, the yarding was a moderate one in both store and dairypens. The former sold at prices equal to late sales. There was inquiry for dairy cattle but the offering with one or two exceptions • was a disappointing one so far as quality was concerned and prices were low in consequence. One pedigree Jersey cow {springing), made guineas, and another, with calf at foot, 16 guineas. Best springing heifers, £6 10s to £9 ss; and dairy cows, from £5 to £s« HIGH COMMISSIONER'S CABLE. The Department of Agriculture has received the following cablegram, dated August 14, from the High Commissioner for New Zealand, London : BUTTER. Market quiet but steady. Official quotations are:— New Zealand. —Finest salted and unsalted: August 14, 174 s to 176 s per cwt (Is 6%d Co Is 6%d per ib) • August 7,172 s to 174 s per cwt (Is 614 d per lb). Other qualities: August 14, 162 s to 166 s per cwt (Is 5 l-4d to Is 5%d per lb). Australian.-—Salted: August 14, 166 s to 170 s per cwt (Is 5%d to Is 6 l-4d per lb); August 7,166 s to 170 s per cwt (Is 5%d to Is 6 l-4d per lb). Unsalted: August 14, 166 s to 172 s per cwt (Is 5%d to Is 6%d per lb); August 7. 166 s to 172 s per cwt (Is 5%d to Is 6%d per lb). Other qualities: Salted, August 14, 142 s tft 160 s per cwt (Is 3d to Is 5d per lb) ; unsalted, August 14, 142 s to 154 s per cwt (Js 3d to Is per lb). Argentine.—Unsalted: August 14, 154 s to 160 s per cwt (Is 4 J z £d to Is 5d per lb); August 7,154 s to 160 s per cwt (Is 4%d to Is 5d per lb). Other qualities: August 14, 146 s to 152 s per cwt (Is to Is 4 l-4d per lb). Siberian.—August 14, 138 s to 146 s per cwt (Is 2%d to Is per lb); August 7,138 s to 146 s per cwt (Is 2%d to Is 3%d per lb). Irish.—Creamery: August 14, 164 s to 170 s per cwt (Is 5Ud to Is 6 l-4d per lb); August 7,166 s to 168 s per cwt (Is 5,%d to la Gd per lb). Unsalted: August 14, 168 s to 172 s per cwt (Js 6d to Is GVid per lb); August 7,168 s to 170 s per cwt (Is 6d to Is 6 l-4d per lb). Canadian. —Creamery: August 14, 166 s to 170 s per cwt (Is 5%d to Is 6 l-4d per lb) ; August 7,166 s to 168 s per cwt (Is 5%d to Is 6d per lb). Unsalted: August 14, 172 s per cwt (Is 6%d per lb) ; August 7,170 s per cwt (Is 6 l-4d per lb). DanishJ—August 14, 177 s to 180 s per cwt (Is 7d to Is 7 l-4d per : lb) ; August 7," 180 s per cwt (Is 7 l-4d per lb). CHEESE. Demand is good for English. Colonial quiet. Official quotations are : English.—-Finest farmers’: August 14, 96s to 100 s per cwt (10 l-4d to 10%d per ]b); August 7,96 s to 100 s per cwt (10 l-4d to 10%d per lb). Canadian.—Finest coloured: August 14, 80s to 88s pei cwt (9 l-4d per lb); August 7, 84s to 96s per cwt (9d to 9 l-4d per lb). Wilite: August 14, 88s to 90s per cwt (9 l-4d to 9%d per lb) ; August 7,86 s to 88s per cwt (9 l-4d per lb). . New Zealand. —Coloured: August 14, 85s to 86s per cwt (9d to 9 l-4d per Ib) ; August 7,82 s to 83s per cwt (B%d per lb). W'hlto; August 14, 88s to 90s per cwt. (9. l-4d to 9Y 2 d per lb)’; August 7,87 s to 88s per cwt (9 l-4d per lb). Shipments of New Zealand produce arrived this week per ss. Mahana and Ruapehu.