PRODUCE MARKET

Timaru Herald, Volume CXLVIII, Issue 21788, 18 October 1940, Page 11

PRODUCE MARKET

INQUIRY FOR GRASS SEED There has been a better demand this week for grass seed on the South Canterbury grain and produce market owing to a demand from the North Island. There has also been a good inquiry for Garton oats as stocks in this district have been in short supply for some time. Wheat Although nominal inquiries have been made for Marquis and Tainui wheat, the majority of the sowings have been completed. Oats There has been a good demand for Garton oats with A’s at 4/- and Bs at 3/4 a bushel on trucks. Duns are still quoted at 4/3 to 4/6 and Algerians at 3/8 a bushel on trucks. Chaff Chaff remains unaltered at £5 a ton on trucks with little demand. Peas There is practically no demand for partridge peas, and nominal quotations are unchanged r.t 6/9 a bushel on trucks. Potatoes A further shipment of 700 tons of potatoes for Australia has been arranged, but it is questionable whether the price paid will compensate the farmers for picking over their stocks. Seed potatoes are in very poor demand, fairly heavy stocks are held throughout the district. Seeds Inquiries from the North Island for fairly large parcels have caused a good demand, mostly for certified lines. There is little improvement in values as prices this year are on the high side. Pedigree ryegrass, which is in short supply, is in demand at from 23/to 24/- a bushel. Mother ryegrass remains at 15/-, commercial ryegrass md. at 8/6. For other lines quotations arc as follows: White clover 3/- per lb. certified white 3/2 per lb; Montgomery (permanent pasture) 3 2; cowgrass 1/2 to 1/3 (fanners’ dressed); cocksfoot, 9d; and Italian ryegrass (machine dressed), 8/6 a bushel. ST. ANDREWS SALE FAT CATTLE SELL WELL Fat cattle sold well at the fortnightly sale held yesterday at St. Andrews. About 50 head came forward and included a good number of well finished heifers and cows. Store cattle met with good competition and prices were in keeping with the beef market. Store sheep owing to lack of quality were dull of sale. The pig entry sold at rates fully up to late markets. Values Fat cattle—Heifers, best, £l3 . to £l6/7/6- medium, £ll to £l2/7/6; light, £8 to £10; best, £l3 to £l6/17/6; medium, £lO to £l2/2/6; light, £7 to £9/2/6. Store cattle—Bulls to £5/2/6; 2-year steers £6/19/-; calves £3/2/6; yearlings to £4. . Fat sheep—Ewes 25/- to 30/4, wethers (shorn), 24/- to 27/10. Pigs—Weaners 20/- to 30/-.-PRODUCE PRICES IN SYDNEY United Press Association —By Electric Telegraph—Copyright (Received October 17, 10.55 p.m.) SYDNEY, October 17. There is an improved Inquiry for wheat and flour. Silo wheat is quoted at 3/lli and bagged at 4/2} a bushel. I Flour—£l2/10/- a ton. Bran and pollard—£6/-/- a ton. Potatoes—Tasmanian £l3/10/- to £l5/-/- a ton. New Zealand Dakota Reds have been reduced to £lO/-/- a ton and are rather slow of sale. Onions—Victorian brown £7/-/- a ton. Maize—Yellow 5/6. DEALINGS IN WAR LOAN By Telegraph—Press Association WELLINGTON, October 17. Tlie Stock Exchange Association of New Zealand advises that on Monday next all exchanges will be in a position to quote New War Loan maturing October 1, 1953. As certificates of title will not be issued till after the final instalment date, March 25, 1941, transfers will be accepted as good delivery accompanied by the allotment letter which will be full evidence of sellers' holding and the amount paid up. On registration of transfers the Reserve Bank will issue fresh allotment letters as temporary title, and these can again be traded in until March 25, 1941. On and after that date allotment letters must be surrendered and certificates of title obtained to support transfers. CONSOLIDATED INDUSTRIES By Telegraph—Press Association WELLINGTON, October 17. Australian Consolidated Industries has declared dividends for the half year as follows:—44 per cent on preference shares; an interim dividend of 3J per cent on fully paid ordinary shares, an interim dividend of 34 per cent on the amount of 8/- a share at March 31 last in respect to capital on contributing ordinary shares, being twofifths of the dividend payable on fully paid ordinary shares.