PRODUCE MARKETS

Timaru Herald, Volume CXL, Issue 20217, 19 September 1935, Page 11

PRODUCE MARKETS

POTATOES INCREASE IN S PRICE ] This week potatoes have reached their highest value for many years an£ they are the chief line of interest in \ the South Canterbury grain, seed and , produce markets. There has been a - decided improvement in the inquiry, , and stocks in the North Island seem to be lower than for some months. It had always been understood that if medium shipments had gone forward there would have been a good price for potatoes, but apparently the heavy shipments have been cleaned up. Tuesday’s steamer took a good shipment from Timaru and the potatoes should reach a bare market. There is also a good demand from the North Island for all lines of seed potatoes, but only special lines such as Suttons Supreme are commanding a good figure. Tile fowl wheat market has been amply supplied with Board wheat, and present Indications are that there will be sufficient, if not a carry over, of fowl wheat. Free wheat is worth 3/10 a bushel on trucks and good whole Board wheat-is quoted at 4/1 on trucks to North Island ports and 4/4 to Soutth Island ports. There is a little inquiry for A and B Ciarion oats, but the market has been met mainly by Southland oats at 3/7 a bushel on trucks for A’s and 3/6 for B’s. Higher prices have been asked for local oats. Algerians are worth 2/8 a bushel on trucks, and Duns 4/- for dark heavy lines. Very few Duns, however, are available. Sellers of partridge peas have been waiting for an improved market in England, but this has not taken place, and they are now more or less meeting the present market. No. l’s are being sold at 5/10 to 5/11 a bushel on trucks f.0.b., s.i., equal to 5/3 to 5/4 on trucks. Good bright oatensheaf chaff Is worth £3 5s to £3 10s a ton on trucks. There has been an extra demand for Cape and Chevalier barley and practically all stocks have been cleaned up. There is no inquiry for linseed which is valued at £ll a ton on trucks. Potato prices are: Whites £8 5s a ton on trucks, Dakotas £8 15s, and Suttons £8 15s. There is practically no demand for seeds, the dry weather accounting for the inactivity of the local market and the wet weather has quietened inquiry from the North Island. Prices are: Ryegrass 2/6 a bushel on trucks, Western Wolths 2/9 and Italian 2/9, cowgrass 7d, and white clover 8d per lb. CHRISTCHURCH By Telegraph—Press Association CHRISTCHURCH, September 18. Potatoes, which began to rise at the end of last week, have continued their upward trend and are still rising. The price to farmers for all sorts is now from £8 to £8 ss, and indications from the north are that the demand will keep up even with the higher prices. AH reports from Auckland state that there is a firming there, and that as potatoes will be wanted to the end of next month if not later, the market is keen to buy. Supplies are now apparently becoming short in Canterbury, and southern supplies are also beginning to disappear. It is anticipated that the boat this week will take a fair quantity, but that after that supplies will begin to tail off. Apart from the activity in potatoes, there has been nothing at ail doing in the markets. Tire rain has upset the very small demand that there was for seeds. The following are quotations for produce paid to farmers on trucks, free of commission, sacks extra, except where otherwise stated:Wheat—interim payments for September: Tuscan 4s sd, Hunters 4s 7d, Pearl and Velvet 4s 9d, f.0.b,, fowl wheat 4s id, f.0.b., s.e., for shipment to the North Island; “free,” 4s 3d f.0.b., s.e. Oats—Algerians 2s 6d to 2s 8d a , bushel Gartons, A’s to 3s 2d, B’s to 2s lOd, Duns to 3s 2d. Potatoes—Prompt, £8 to £8 ss. Perennial Ryegrass—2s 6d to 2s 9d a bushel. Italian Ryegrass—2s 6d to 2s 9d a bushel. White Clover—Bd to lOd per lb. Cocksfoot—To lOd per lb for Akaroa, 9d for Plains. Red Clover—Bd per lb. Chaff—£3 to £3 5s a ton. Flour—£l2 7s a ton, local; £ll 12s shipping. Bran—Large, local, £4 15s, small £5 ss; shipping £4 10s. Pollard—Large £5 15s, small £6 ss; shipping, £5.

LONDON WOOL SALES BROKERS’ ADVICES Dalgety and Co., Ltd., have received the following advice from their London office, under date, September 17:— Wool sales opened. Large attendance, fair competition, good selection. Home

trade principal operators. As compared with closing rates of last series good greasy and scoured Merino fully firm. Other descriptions Merino irregular. Greasy halfbreds, scoured halfbreds, greasy and scoured fine crossbreds, par to 5 per cent, lower. Greasy crossbreds, medium and coarse, unchanged. Lower descriptions scoured crossbreds 5 per cent, higher. Slipes unchanged. The N.Z. Loan and Mercantile Agency Co., Ltd., have received the following advice from their London House, dated September 18: There was a good attendance at the opening of the wool sales, competition by Home and Continental buyers being fairly active. Prices as compared with the close of preceding series ruled hi buyers’ favour for crossbred, Merino unchanged; firm for greasy, scoured Pyne, Gould, Guinness, Ltd., have received cabled advice from their London agents stating that the wool sales opened there on Tuesday before a very large attendance of buyers. Competition was fair and the market was unchanged. The Home trade was the principal buyers, and the Continent was also operating and an average selection of all New Zealand wools was offered. Compared with the July closing rates the values were: Merinos, 56’s, 58’s, 50’s and 56’s firm on July closing rates; 46’s, 48’s, 40‘s and 44’s Id lower. SALES OF WOOL UNEVEN MOVEMENT IN VALUES United Press Association—By Electric Telegraph Copyright LONDON, September 17. The London wool sales opened today. The values for greasy merinos were unchanged, but prices for crossbreds and scoured merinos were slightly in buyers’ favour. A total of 11,311 bales were offered, Including 6175 bales from New Zealand. About 8900 bales of Australian and New Zealand were sold. There was an average selection, and a large attendance of buyers from all quarters. The demand was somewhat disappointing, and buying was Irregular, the buyers declining to pay the limits imposed, thus causing some withdrawals. Compared with the July closing rates, greasy merinos and cross- ■ breds were from par to 5 per cent. higher, scoured merinos par to 5 per , cent, lower. New Zealand greasy crossi bred, branded CBH realised top price, i 9id, the average being 88d. THE PRICE OF GOLD. United Press Association—By Electric Telegraph—Copyright ’ LONDON, September 17. [ The price of gold on the London - market to-day is £7/0/9 h an ounce.