PRODUCE MARKETS

Timaru Herald, Volume CXLIII, Issue 20782, 17 July 1937, Page 6

PRODUCE MARKETS

DUNEDIN By Telegraph—Press Association DUNEDIN, July 16. A spell of finer weather has enabled some threshing of wheat to be carried out in the country, but there are still a number of lines to be threshed, this wheat having been held in stack in an attempt to improve its condition. The wheat at present reaching the market shows a considerable variation in quality, some being suitable for milling, with a fair proportion of fowl wheat grade only. The fowl wheat market is firm. Good sound quality is difficult to secure and this is worth 5/8 a bushel, sacks extra. Undergrade is difficult to sell at 5/- to 5/3 a bushel, sacks extra. The unfavourable weather conditions which have been experienced for some months, are making it difficult for farmers to get their ground ready for the coming season’s crops. The oat market continues dull with little inquiry. The nominal shipping quotation is 4/1 f.0.b.5.1., for A’s and 3/10 for B’s. Values in the country are 3/4 to 3/5 for heavy Gartons, 3/3 for ordinary A’s, 3/- for B grade and 2/6 to 2/9 for undergrade, sacks extra. The demand for chaff is on the quiet side and prices are unchanged. The potato market has experienced a quiet tune during the past few days and in the main unchanged, with best quality whites realising 6/15/- a ton. sacks included. As is usual at this time of the year the seed markets are quiet. Merchants are carrying fair stocks and are waiting for the spring demand. Main lines such as ryegrass, cocksfoot, white clover and cowgrass continue steady with no alteration in values. CHRISTCHURCH By releEra.Jh— Press Association CHRISTCHURCH, July 16. The grain and produce markets have little life in them and in no section is there anything but the smallest quantity of business. July is generally a dull month in a majority of lines, but this year there are few signs, of activity anywhere. The North Island demand for potatoes has not so far appeared mainly because shipments last week amounting to 9000 sacks and further substantial shipments this week have kept Auckland fully supplied. There is some consignment business, but a majority of the deliveries made have been in execution of contracts made earlier in the season. Buyers are not keen to operate even at the present reduced rates, which remain unchanged from the beginning of the week. Onions continue in good demand, and where supplies are available, are easily sold. The price runs from £8 to £lO on trucks. The crop has mainly been cleaned up, but there are still supplies of Turbits available. Oats and chaff continue firm, with little business passing. It appears that a good deal of oats will be required in sheaf for winter feeding, and offerings are not heavy. Both oats and chaff are being imported into the North Island from Tasmania. MINING NEWS By Telegraph —Press Association GREYMOUTH, July 16. The Nemona dredge return was 9oz in 105 hours. One day’s work was lost through lack of power. BRADFORD TOPS United Press Association—By Electric Telegraph—Copyright (Received July 16, 6.30 p.m.) LONDON, July 15. The market for Bradford tops is very firm with fair business. Yarns are hardening. Quotations: Merinos: 70’s 39Ad, 64’s 37id, 60’s 26d; crossbreds: 58’s 32d, 56’s 29id, 50’s 251 d, 46’s 25d, 44’s 25d. LONDON WOOL SALES United Press Association—By Electric Telegraph Convrleht (Received July 16, 6.30 p.m.) LONDON, July 15. i At the wool sales, 10,407 bales were offered, including 3476 from New Zealand. and 8324 bales were sold. There is a good selection, the market being firm. New Zealand lots sold as follows: Slipe, half-bred lambs: Kiwi, 21Jd. Cross-bred lambs: Kiwi (top price 20d). average 191 d. Greasy half-breds: Claxby (top price 19Id), average 18d. PRICE OF GOLD United Press Association —By Electric Telegraph Copyright (Received July 16, 6.30 p.m.) LONDON, July 15. Gold is quoted at £7/0/li a fine ounce.