PRODUCE MARKETS

Timaru Herald, Volume CXXXVII, Issue 19803, 19 May 1934, Page 5

PRODUCE MARKETS

CHRISTCHURCH. i By i’eleg aph—Press Association l CHRISTCHURCH, May 18. • ! The potato market shows a further j easing and to-day’s quotations are • : from £3/10/- to £3/12/6 f.o.b. s.i. Quo- , { tations to farmers are £2/10/- to £2 j 12/6. The continued lack of inquiries ; from Auckland is the main cause of | tI-3 dull market, and it is apparent , j that more potatoes were available | there than was estimated some weeks j ago. Southern consignments have j been going forward in sufficient quantity to provide for present and immediate requirements, and although digging has been interrupted there have been plenty of potatoes ready for shipment if required. A few farmers have just about completed digging, but to-day’s wintry weather will hold up operations until late next week. The Wingatui is due to sail to-day with an estimated cargo from Lyttelton of from 3000 to 3500 sacks. Farmers are . i not offering under the low scale of ■ prices. r | Fowl wheat is unchanged. Quotations S are 3/3 f.o.b. s.e. The onion market is the worst for years. Round about 22/3 a ton on J trucks is all that is being offered. ‘ Oats are meeting with "cry little attention. Values are 2/6 f.o.b. s.i. Lyttelton for A gartons and 2/3 for B’s. ’ The small seeds market is lifeless, ’ but all classes are firm at recent quo- \ tations. i ~ DUNEDIN. j By Telegraph—Press Association DUNEDIN, May 18. ) ! Only occasional samples of milling ; j wheat have been on offer during the j week as the broken weather is pre- - I venting threshing. There is a fair : quantity of wheat in stack in the . Otago district, and it is expected that . the bulk will pass for milling. The fowl wheat market is quiet. Offerings are more plentiful and sales are harder to effect. Best quality is worth 3/4 a bushel, sacks extra, ex store. The oat market is lifeless. Offerings from the country are not heavy, but on the other hand there are practically I no orders from the North Island. Early in the season higher prices were antici--5 pated than ate now being quoted, but there are more oats offering than required for milling and feed purposes and millers have reduced buying limits. This also applies to shippers who are not able to find an outlet for their purchases. Current quotations for oats are on the basis of 2/6 f.0.b., for A’s and 2/3 for B's. j The wet weather is preventing the s cutting of chaff, but there are ample i 1 stocks in the stores to meet the limited I demand. Truck loads are worth £3 15s

a ton sacks extra while small lots are selling at up to £4 5s a ton ex store. There is little alteration in the local potato market. At the beginning of the week there was a* tendency for values to ease, as consignments were heavy. The break in the weather prevented digging, but ample stocks are in the stores to meet requirements, and the market has declined to £4 5s a ton, sacks ia for best quality. This price is still above shipping parity. There is a tendency on the part of South Canterbury growers to look to the Dunedin market for an outlet for their supplies. Local growers, however, are still firm in their ideas of values and in a good many cases they are inclined to store in preference to meeting the market. I METALS MARKET. United Press Association— By Electric Telegraph—Copyright (Received May 18, 8 p.m.) LONDON, May 17. Quotations: — Copper— Standard, spot 32 17 6 Forward 33 7 6 Electrolytic 36 0 0 to 36 5 0 Wire bars 36 5 0 American electrolytic: 8.50 cents, per lb. Lead— Spot .. 10 18 9 Forward 11 5 0 Spelter— Spot 14 13 9 Forward 14 18 9 TinSpot 234 17 6 Forward 231 7 6 Silver— Standard, per oz 19 11-16 Fine, per oz 214 MINING RETURNS. By Telegraph—Press Association DUNEDIN, May 18. The Bell-Kilgour wash-up for five days was Boz sdwt. DIVIDEND DECLARED. By Telegraph—Press Association WELLINGTON, May 18. Tooth and Company breweries, Sydney, have declared an interim dividend at the rate of 9 per cent, per annum. LONDON’ PRODUCE PRICES. United Press Association—By Electric Telegraph—Copyright LONDON, May 17. Butter is firm; Danish 86/- to 87/-; choicest salted New Zealand. 77/- to 78/-; Australian 75/-; unsalStd, same. Cheese is steady; New Zealand white 45/-, coloured 44/6; Australian, none offering.