PRODUCE MARKETS

Timaru Herald, Volume CXLIII, Issue 20673, 11 March 1937, Page 11

PRODUCE MARKETS

SOUTH CANTERBURY Owing to the intermittent rain produce is coming in slowly to satisfy the demand in the South Canterbury grain, seed and produce markets. Milling wheat: Although the weather does not favour the work, milling wheat is still being threshed. There is a good quantity of wheat yet to be cut. Fowl wheat: The nominal quotation is 4/10 a bushel f.o.b. Oats: There is still a fair inquiry for A. and B. Garton oats at 3/- a bushel on trucks for A’s and 2/10 for B’s. The market is well supplied with Duns and there has been no inquiry during the week. They are worth 3/1 to 3/2 a bushel on trucks. Algerians are worth 2/8 a bushel on trucks. Barley: Chevalier is quoted at 4/a bushel on trucks and undergrade at 3/6. Black barley is worth 4/9. Partridge peas: The value of No. I’s is 5/3 a bushel on trucks. Chaff: Good bright oatensheaf is worth £3 7s 6d a ton on trucks. Potatoes: There has been a little better Inquiry for potatoes for forward delivery on the basis of £3 10s a ton on trucks. Seeds: Owing to the low germination of the majority of seeds offering, particularly certified seed, anything of good quality and germination is in demand. Canterbury ryegrass and Italian arc quoted at 2/9 a bushel on trucks, cowgrass 6d per lb, white clover 6d, and cocksfoot 6d. LONDON WOOL SALES The National Mortgage and Agency Co. of New Zealand Ltd. are in receipt of the following advice from their London office. The wool sales are proceeding with great spirit and catalogues are being well cleared under good general competition. The following prices are current.—Merino super 19d to 21d, average 17d to 17Jd; fine I-bred super 50/58 19}d to 20M, average 18d to 19d; medium i-bred super 50/56 17d to 18d, average 16d to 17d; coarse J-bred super 48/50 16d to 16Jd, average 15id to 16d; fine X-bred super 46/48 16d to 16Jd, average 15d to 16d; medium X-bred super 44/46 151 d to 16d, average 15d to 155 d; coarse X-bred super 44/46 151 d to 16d, average 15d to 151 d; coarse X-bred super 40/44 155 d to 16d, average 15d to 151 d, low X-bred super 36/40 15Jd to 16d, average 15d to 151; pieces 123 d to 13d; bellies IOJd to Hid; locks 91d to lOd. BUTTER MARKET United Press Association—By Electric Telegraph—Copyright (Received March 10, 5.5 p.m.) LONDON, March 9. The butter market is firm. Quotations: Danish, 124/-; choicest salted Australian and New Zealand, 94/-; unsalted Australian 95/-, New Zealand, 96/-. HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following message from the High Commissioner for New Zealand, London: Tallow Market very quiet at about 6d below last week’s rates. Hemp Manila: Market steady. Value "K” grade for March-May shipments £32 15s. Sisal: Market quiet but steady. Sellers quote March-May shipments £2B 15s, May-July £29. New Zealand: Market nominally unchanged. No first hand sales reported. Fruit Apples: Little more demand. Oregon Newtowns, 10/6 to 12/6; British Columbian Delicious, 10/- to 10/6. Pears: Slightly easier. South African Brownlee’s Russett, 8/- to 12/6; Californian Winter Nelis, 12'6 to 13/-. First arrivals from Nev.' Zealand per "Fordsdale” due about March 26 later than usual. LONDON STOCK EXCHANGE United Press Association —By Electric Telegraph—Copvrlnnr (Received March 10, 5.5 p.m.) LONDON, March 9.

PRICE OF GOLD United Press Association—By Electric Telegraph —Coovrleht (Received March 10, 5.5 p.m.) LONDON, March 9. The current price of gold is £7 2s 63 an ounce. COLOMBO TEA AUCTION By Telegraph —Press Association DUNEDIN. March 10. L. M. Wright has received the following cabled report on the Colombo tea auction of March 9.—At the auction of 1,750,0001b5, the quality of the offerings showed a decline and prices followed quality, being irregular and easier at the close of the sale. The quantity to be sold next week is 2,250,0001 b. ACTIVITY IN METAL MARKET United press Association—By Electric Telegraph—Copvrlcht (Received March 10. 5.5 p.m.) LONDON, March 9. The heavy demand for metals led to a very heavy market. Quotations:

Banks and Debentures — £ s. d. Bank of Australasia 10 5 0 E„ 8. and A. Bank 4 17 6 Union Bank 8 11 3 Bank of New South Wales 29 0 0 Nat. Bank of New Zealand 2 12 0 Bank of New Zealand .. .. 1 15 6 British Tobacco 2 0 0 Goldsbrough Mort 1 12 6 Dalgetys 9 0 0 P. and O. Def. Stock .. .. 1 13 0 N.Z. Loan and Mercantile 4 p.c. debentures .. .. 96 0 0 Ditto (ord.) 34 10 0

Copper— £ s. d. Standard .... 73 1 3 Forward .. .. 71 13 9 Electrolytic— Spot .... 77 0 0 Forward .. .. 77 10 0 Wire bars .. .. 77 10 0 Lead— Spot .... 34 12 6 Forward .. .. 34 11 3 Spelter— Spot .. .. 35 8 9 Forward .. .. 35 12 6 Tin— Spot <. .. .. ..276 15 0 Forward .. ..175 12 6 Silver — Fine 10 7 -16 Standard 12 1 -16