COMMERCIAL

Taranaki Daily News, 8 February 1928, Page 12

COMMERCIAL

CANTERBURY MARKETS

DEMAND FOR BRAN AND POLLARD. By Telazraph.—Press Association. Christchurch, Last Night. Inquiries that have been made during the last few days suggest that a little of the speculation that has been going on in oats has been with the prospect of export further abroad than Australia. A Gartons have been sold at 3s 7d and 3s 8d f.o.b.s.i, and B’s at 3s 3d to 3s 3ld for any old oats that are about. New season's Gartons have been sold at 3s Id to 3s 2d on trucks and Algerians at 3s. A few parcels of wheat have been sold at 5s 7d on trucks, but these for the most part concern distant railages. There is a fair amount of offering by farmers, but most of them decline to sell below os 8d or 5s 9d. Quite a pronounced demand has developed since the New Year for bran and pollard. Prior to then it was something of a drug and millers were faced with tliq prospect of having to reduce prices to quit stocks. However, due no doubt to the unlikelihood of Australian supplies coming over, the demand has set in from all parts of the North Island. There is no change in millers’ prices. The onion market has advanced during the past week and to-day £5 10s to £5 5s on trucks is readily available for April-June deliveries and £6 for March. The local trade is acquiring onions in small quantities at more than the latter figure. The appearance of rain yesterday tended to slow the market for potatoes, but as the rain has gone off “in smoke,” the previous firmness has been re-estab-lished. March delivery is quoted at £4 5s on trucks; £3 15s for April, and £3 10s for later months. There is no .change in the market for peas, seeds and clovers. BRITISH WHEAT MARKETS. A.P.A. and Sun. London, Feb. 6. Wheat.—Cargoes are dull and prices have dropped further, Australians being obtainable at a decline of 9d. Parcels are 3d to 9d down. Liverpool futures have been quitted as follow: March delivery, 9s 9Jd per cental; May, 9s 11 l-8d; July, 10s OJd.

i LONDON MARKETS. HIGH COMMISSIONER’S CABLE. The Department of Agriculture has received the following cablegram, dated February 4, from the High Commissioner of New Zealand, London:— Tallow. —Owing to small arrivals and quiet market no auction this week. Quotations nominally unchanged. Eggs. —Fair inquiry for best at reduced prices. Cheaper sorts in small supply, and prices firm. Present quotations are: English', French and Danish, 18s to 21s per long 100; Belgian. 16s 9d to 17s; Egyptian, 10s Rd to Ils 6d; Dutch, 17s to 19s. Hemp.—-Manila market easier under selling pressure. J. Grade sold £4O ss; February-April shipments, £4O. Sisal market dull, and values lower. No. 1 afloat and near at hand, £36 10s; No. 2, £35 ss. New Zealand: Market very dull. Fair afloat offered at £32 10s, and February-April shipments at £32 ss, but buyers show no disposition to operate. Closing values: Highpoints, £34; fair, £32; and common, £3l sa. Danish Cocksfoot. —Little doing at present. Good quality seed scarce, and nominal value, c.i.f., New Zealand ports, £5 Is. BUTTER AND CHEESE. DAIRY BOARD'S ADVICES. The New Zealand Dairy Produce Board has received the following market cablegram from its London office, dated February 3:—

BUTTER. New Zealand. —Officially quoted, salted: February 3,160 s to 1645; last week, 152 s to 1565. Market steady at 1698 to 162 s on short supplies, but considerable quantities arriving immediately. Unsalted: February 3,164 s to 168 s to 170 s; last week, 156 s to 160 s. Deliveries New Zealand this week, 1850 tons; in store, 2100 tons. Australian. —Finest salted: February 3s, 156 s to 160 s; last week, 148 s to 1525. Unsalted: February 3,156 s to 160 s; last week, 150 s to 1525. Argentine.—Finest unsalted: February 3,144 s to 15Qs up to 1525; last week, 144 s to 1465. Danish.—Spot.- February 3,178 s to 180 s; last week, 170 s to 1725. F.0.b.: February 3, 1755; last week, 1665. Creamery, unsalted-: February 3,194 s to 1965; last week, 188 s to 190 s. Esthonian.—Salted: February 3,156 s to 158 s. Unsalted: February 3,158 s to 160 s. Polish. —February 3,154 s to 1565; last week, 151 s to 1525. Siberian.—Salted: February 3,150 s to 1525. Unsalted: February 3, 1565. Retail prices unchanged. CHEESE. New Zealand.—White and coloured: February 3,92 s to 935; last week, 88s to 90s. Market firm; better demand. Canadian.—Finest white: February 3, 100 s to 102 s up to 104 s; last week, 100 s to 104 s. Coloured: February 3,98 s to 100 s; last week, 98s to 100 s. English.—Finest farmers; February 3, 128 s to 130 s; last week, 126 s to 128 s. Retail prices unchanged. Estimated stocks ail butters public stores February 2, 6324 tons, compared with 10,390 tons last year. Estimated stocks cheese public stores February 2, at London, Liverpool, Bristol: New Zealand and Australian, 51,000 crates (last year 127,750 crates; Canadian, 77,300* boxes (last- year, 77,800 boxes). The board has also received the following advice from its agents in Canada:—Butter: New York, 48 cents (2s); Montreal, 35i cents (Is 5 5-8 d); San Francisco, 46 cents (Is lid). Vancouver advising using New Zealand entirely; market overloaded; quote finest 37 cents (Is G|d), delivered. LONDON MEAT SUPPLIES. SOUTH AMERICAN SHIPMENTS. The New Zealand Meat Producers’ Board has received a cablegram from its representative at Buenos Ayres, South America, advising the following shipments to the United Kingdom for the fortnight ended February 2, from Ar-tf-RI'PA Uruguay: 229,718 quarters

chilled beef; 24,052 quarters frozen beef; 88,611 carcases frozen mutton; 56,105 carcases frozen lamb. The quantity shipped to the Continent of Europe during the sama period was as follows: 85,472 quarters frozen beef; 11,148 carcases frozen mutton; 4737 careases frozen lamb-