PRODUCE MARKETS

Timaru Herald, Volume CXLV, Issue 21181, 31 October 1938, Page 16

PRODUCE MARKETS

CHRISTCHURCH By Telegraph —Press Association CHRISTCHURCH. October 28. Ths rain which fell all over Cante? 1 bury this week was particularly we I come to farmers. The fairly long spe of fine weather, and the warm north west winds had dried the ground u and farmers were looking for rain f( their wheat and other crops. Tho who had not planted their barley ai peas had an excellent opportunity get the job done. Business in the grain markets t been no brighter than in the last f« weeks. There has been some small i < quiry for B Garton oats, and also f chaff, but chaff is almost impossible obtain now. Partridge peas for seed have ah been in demand, but they, too, ai hard to obtain. Moreover, this is ju. about the end of the season, and fai mers who have not planted now will t almost too late. Some inquiry has developed in tl potato market for Suttons, but supplit of good ones are short. Plenty < Dakotas are still offering, but little in terest is being taken in them. Soim merchants have given the potato market up for the season, and there i little buying. It is reported that farm ers are sending their own potatoes b the North Island on consignment. On present indications the potato crop ir Canterbury next season will not be as large as the present one, as reports o' growers reducing their acreages com < in from day to day. One well-knowt farmer, who nearly always has somewhere about 25 acres in potatoes, will! have three next season, and others have , said that their acreages will be halved. DUNEDIN By Telegraph—Press Association DUNEDIN, October 28. I The sow’ing of wheat in the southern districts continues later than in Canterbury, but southern farmers have now also completed their sowing fo the season. Good prices have beei experienced in both Otago and Southland, and crops should consequent!} be given a good start. Little business is passing in milling wheat. Millers continue to work on their stocks of both New Zealand and Australian-grown wheat, and there is now very little if any old season’s milling quality to come on the market. Stocks o£ fowl wheat held locally are on the short side, and Dunedin merchants are obtaining most of their requirements from South Canterbury’ North Island merchants are working on supplies of Australian grown. The local market is firm at 6 9 a bushel sacks extra, ex store. Millers have ample stocks of oats to meet their requirements. There are no oats available for shipment fron this port, and North Island merchant are drawing their small requirement, from Canterbury and Bluff. The ruling shipping quotation is 3/3 f.0.b,, s.i for A Gartons and 3/- f.0.b., s.i., fo’ B’s. In the absence of supplies ir the country, quotations on trucks an more or less nominal on shippim parity. However, A Gartons are wort in the country 2/9 a bushel and B« 2/6. Small lots only of chaff are inquired for, and it is quite the exception j to find a buyer for c. truck load. Values remain unaltered, with good sound 1 quality worth £6/10/- a ton, sacks extra, ex store. This price is for small lots. Most of the supplies for the local market are being obtained fromi South Canterbury. The potato market continues dull, and sales are difficult to effect. The stores are holding sufficient to meet the demand till the new potatoes are in full supply, and sales are being recorded at £2 to £2/10/- a ton, sacks included, ex store. Substantial quantities are still held in the country, and merchants are advising growers that it is useless sending them to the market. It would appear, therefore, that the surplus will have to be utilised for feeding to stock or other vise disposed of. Beneficial rains throughout the country have improved the retail business in seeds. Deliveries to the country are now general, and a fair quantity is being distributed. There are also inquiries from overseas for several lines. Sales of cocksfoot have been made to England and business has been done with Australia in ordinary and certified ryegrass. Sales of white clover also have been made to England and Australia. BURNS, PHILP & CO. INTERIM DIVIDEND By Telegraph Press Association WELLINGTON, October 29. The Stock Exchange Association has received notification from Messrs Burns. Philp and Co., Ltd., that the directors have decided to pay the interim dividend at the rate of 10 per cent, for the six months ended September 30. being equal to 1/- per share on fully paid shares aud 6d on contributing shares. PRICE OF SILVER (Jolted Press Association—By Eltrio Telegraph—Copyright LONDON, October 30. Silver quotations are: Spot 19 5-8 d forward 21 3-16 d per ounce. WAR LOAN On! ted Press Association—By Electric Telegraph —Copyright LONDON. October 30. War Loan, 3i per cent, is quoted at £99 3s 9d. SHARE QUOTATIONS United Press Association —By Electric Telegraph—Copyright LONDON, October 30. Share quotations: Clutha River Company, buyers 1/71, sellers 1/101; Molyneux River Company, buyers 7 id, sellers lOid.