COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18286, 8 June 1929, Page 3

COMMERCIAL.

GRAIN AND PRODUCE. DUNEDIN MARKET. By Telegraph—Press Association, i DUNEDIN, June 7. Millers prefer to work off their stocks of wheat and are showing very little interest in any lines that are now offering. It is noticeable that the quantity of “free” wheat on the market is in small compass, and most of the samples coming in are offerings of “pool” wheat. It is anticipated that the market will remain stationary. Present values arc 5/9," sacks extra, on trucks, for Tuscan, 6/- for Hunters, and 6/6 for Velvet. The fowl wheat market is very slow. The majority of poultry feeders and merchants are fully stocked, and are showing little interest in lines that are offering. The quantity available has been increased, damage having been done to a number of crops, and is a fair quantity held in store. To-day’s value is 5/10 per bushel, sacks extra. The market for oats is still dragging, very little interest being displayed by the trade. The consumptive demand is light, and there are more than sufficient supplies available for requirements. Heavy oats are the only ones that attract attention, and for these up to 3/3 per bushel, sacks extra, at country sidings, has been paid by millers. It is noticeable at this centre, that there is a lack of shipping inquiries, and practically no oats have been shipped from here to the North Island. Merchants therefore, are not keen to operate, and for any ordinary A or B grade Gartens, there is a big difference in value to what millers are prepared to pay for heavy oats. Ordinary A Gartons are nominally worth 3/- on trucks, and B grade 2/9, sacks extra, at country stations. The chaff market does not show any alteration. Supplies are more than sufficient for the demand and fairly heavy supplies are held in stores. Only occasional sales have been made, and the value of the best quality is £5/10/per ton, sacks extra, ex truck. Despite the fact that the potato yields have been seriously affected through the blight, which has been mors prevalent this season than others, there is very little demand. It is thought that the demand has been affected by merchants and retailers having stocked in fairly heavily at the time the market was firming. Once these stocks are worked off, it will be difficult to secure good quality, and this centre will have to look to Canterbury for requirements, as most of the potatoes in this district have been sold. Values remain unaltered here, and £5/15/-, sacks included, ex store, is the price obtainable for lines free of blight. Other sorts are very difficult to sell, and low rates have to be accepted in order to make a clearance. All seed markets remain firm, but very little business is passing. There is now practically no export demand, but stocks in most lines are in short supply, and when the spring demand commences, it is thought that in some lines, there will be an advance in rates. Ryegrass particularly is not held in any quantity, and if the spring sowing is heavy, it will be difficult to fill requirements. The fruit trade business has been fairly brisk during the week. Choice dessert apples have firmed slightly, and retailers are now looking for good Stunners to come forward, as this will be the principal line from now on. Americans come in in October. Several fairly large lines have been cleared this week. The market is bare of oranges, but Islands are due by the Waipiata. The Karetu, from Sydney, landed oranges (Navels) and mandarins, which met a ready market. Poorman oranges from Auckland are also due by the Waipiata. Small lots only of Raratongan bananas are coming by the Waipiata. The local hothouse tomatoes have had good inquiry, and prices are very firm. Dessert pears are in demand, and prices have firmed slightly. CHRISTCHURCH MARKETS. By Telegraph—Press Association. CHRISTCHURCH, June 7. A quiet period continues, not even potatoes showing the liveliness expected of them. There has been a little demand for Dakotas, which have advanced about 5/- per ton, being now quoted at £4/10/- at country stations, which is equal to about £5/10/- to £5/15/-, f.0.b.,5.i. The position regarding white potatoes is unaltered, although there is still some demand from Auckland in this respect. The Kaimanawa is taking from 2000 to 2500 sacks on board for Auckland, and the next boat for that port is expected to sail from Lyttelton in a week's time. ’ There is no change to report so far as wheat is concerned. A fair quantity continues to change hands, and millers are having no difficulty in filling requirements. Partridge peas are experiencing a very dull period. The price offered for them is 4/9 to farmers, equal to 5/6 f.b.b.,s.i. There is no change to report in the seed market. LONDON MARKETS. MEAT AND PRODUCE. Messrs Dalgety and Co.. Ltd., Timaru, have received the following cable from their London office, dated June 6:— Frozen Meat.—Market New Zealand lamb, any change in price is in favour of sellers; demand continues. Market New Zealand mutton, weak, demand limited. Market Australian Lamb, unchanged, demand fair. Market Australian mutton, weak, demand poor. We quote:— Canterbury:—Prime lamfo, 28-361bs 9 3-Bd, 36-421bs 9d; second quality 9d; 42-501bs 8 l-Bd. Mutton, 48-561bs 7d, 56-641bs 64d, 64-721bs 51; ewes 48-641bs 4S. North Island:—Lamb, 28-361bs 9 l-Bd, 36-421bs 8 5-8 d; second quality 9d; 42-501bs Bd. Mutton, 48-561bs 6Sd, 56-641bs 5 7-Bd, G4-721bs 5 l-8d; ewes 48-641bs 45d. Australian Lamb.—G.a.q. 28-361bs 8?d, f.a.q. 8d; Australian mutton g.a.q. 40-601bs 51d; Australian ewes 45d; Argentine chilled hinds 61d, fores 4d. Pork.—English lid, New Zealand 9d. Tallow.—Unchanged to 6d lower. Butter.—Danish 170 s, New Zealand 170 s to 1725, Australian unsalted 164 s to 1675, Australian salted 164 s to 1675, Australian g.a.q. 156 s to 158 s. Cheese.—Australian white 89s. coloured 90s; New Zealand white 91s to 925, coloured 93s to 945; Canadian white 106 s to 110 s, coloured 106 s to 108 s, c.i.f. 925. Butter and cheese stocks heavy, but bulk of New Zealand being held under limits. Market has advanced on small offerings, but buyers disinclined to follow Advance on butter.