COMMERCIAL

Timaru Herald, Volume CXXV, Issue 18203, 2 March 1929, Page 18

COMMERCIAL

CANTERBURY GRATN MARKET. By Telegraph —■ Pr*s» Association. CHRISTCHURH, Msucli t. No change is reported ill the wheat market. Occasional lines are being purchased by millers at os 7d to os 7Jd, on trucks, tor Tuscan, and Hunters 6s. A good deal of wheat is going 1M Eowh wheafc is quoted at os 7Jd, on trucks, lor prompt, and 5s 8d forward. Oats arc meeting with a weak domand. A. Gartons are quoted at .5s ;j{d to As Id, 1.0.h.,s i., and It's., 3s Old to 3s Id, for spread delivery, equal lo 2s 8d and 2s sd, on trucks. At the low prices, farmers are not offering ’"chaff is dull, and has sold at £5 ss, f.0.b.,5.i., or about £3 10s. on trucks. Some good barley returns are being recorded, but growers outside those who contracted, are not receiving a very satisfactory- price . It ranges up to its nd, on trucks. Most of the contract barley was on the basis ol 4s da to Is tkl per bushel. , Reis are coming to hand, and are of veVv indifferent quality The yields arc also on the disappointing side. :>o cron was affected by the heavy rams earlv in the year, as was the pea crop. Values remain at 5s 3d to os bd per bushel, on trucks. There is no inquiry from Home, but the market the\e reported to be firm. , Akaroa cocksfoot is selling, at 8d per lb. and a halfpenny more being paid for exceptional quality. Machine dressed is quoted at Is Ofd Perennial nml Italian ryegrass are unchanged, bemg quoted at 3s dd to 3s 9d, respectivelv, for fanners’ dressed. Potatoes retain the firmer tone mentioned in the mid-week, though values are not moving to any extent. Some business has been done for March\nril at £5. f.0.b.,5.i. but sellers now wJnt £5 2s 6d. Joly-Septembers have been sold at £6. A few inquiries have coqio from Auckland, for March dehvorv Values on trucks remain at £3 12s 6d to £‘3 15s.

DUNEDIN GRAIN MARKET.

llr T.l.cr.ah— Pr,M A.iccl.tlooDUNEDIN, March X. There is no alteration in the milling wheat market. For Tuscan ottered from Canterbury B/8, sacks extra, on trucks, is being asked, 6/tor Hunters, and G/6 for "Velvet. Nearly all tlio wheat controlled by the Pool, is being stored. Threshing is now' increasing In tho south Otago district. The Taierl wheat is o£ good quality and the yields are higher than for a number ot years past. In Central Otago threshing has been carried on tor some time. Here again tho quality is good and the yields above the average. Little fowl wheat is on offer, but there is sufficient to meet tho demand. Purchases up to 6/- per bushel, sacks extra, lor small lots, have been made. Little interest Is being displayed in the oat market. A number of sales have been recorded for forward delivery, but there are operators who maintain that prices have now reached bottom. The forward sales referred to have been made on the basis of 3/4 f.0.b.5.i., for A’s, and 3/1 for B’s, April to September delivery. Current values may be named as 2/ 8 sacks extra, country sidings, for A's and 2/5 for B’s. The potato market is lifeless, with buyers working mostly from hand to mouth. Best quality are realising £5/10/- per ton, sacks included. The ryegrass market remains firm, but there is a variation in ideas of .values. Up to 4/3 per bushel, sacks extra, on trucks, has been paid for best quality. Growers are not offering dogstail so readily as was anticipated, and some merchants have had to advance their prices.