CANTERBURY MARKETS.

Press, Volume LX, Issue 18237, 22 November 1924, Page 10

CANTERBURY MARKETS.

(Nt on cojnrraetti iditob.) Friday Evening. Business has not yet commenced to brighten up. and on all sides a quiet time is being experienced. Potatoes—Fanners are. not showing any anxiety to do business, doubt as to how the summer will turn out. Present indications are that there

will be a good crop, but- it is yet too early to say what tho position will be, owing to the uncertainty of the weather conditions. A fairly big crop was put down early this year; in fact, moTO potatoes were sown in September than for some years past. It is usual to put in the main crop towards tho end of October, and sometimes in Jsovember, but this yoar.it has. been sown, a few weeks earlier. The recent heavj rains have caused considerable daniage, particularly in the "Woodond-Waikuku district, which is now a big growing area, and as a result many fields hai o had to be ploughed up again fqr resowing. If a spell of good weather is

experienced tho prospects should be good, as potatoes do not. require too much rain. A succession of warm, sunny days would be welcomed by growers. Too niuch rain and warm, muggy weather are to be feared, because of the danger of blight, which is likely to become prevalent should the potatoes grow big tops and commence to steam underneath. It is expected that there will be an early demand for potatoes from Auckland, where farmers are stated to be rushing their offerings on the market because of tho fear of blight. Anticipations are that Auckland will be requiring a lot in March. Chaff—The market is described as being dead so far as business is concerned, because of an abundance of feed following the rains. Farmers who had been hanging on to their chaff during the dry spell are now endeavouring to quit it, but, the position _is that only very little is required, just sufficient to fill occasional orders. Wheat—Practically no business is being done in wheat. The price at which Australian flour is quoted xnabea it impossible for farmers to receive the figures they are expecting to got. • Although there will be a shortage of wheat grown in the Dominion, this year, it is expected that the yield per acre will be considerably higher than was the case last year. ' ' < . The following aro the quotations to be paid to farmers at country stations, free of commission, sacks extra, except where otherwise stated: — Fowl "Wheat (nominal) —7s. Chaff—£7 a ton.

.. Oats—B" Cartons 5s 6d, "White Clover —Is 4d to Is 6d. Cowgrass—9d to lOd. Partridge Peas—6s to 6s 3d. ; Italian Ryegrass—s.s. to 5s 6d. Perennial Ryegrass —5s to 53-od.-Cocksfoot —To lOd. .Linseed —£17 los. Potatoes —£5 for -Whites ■ and Dakotas. • Flour—£ls 10s a. ton. . . extra, for smaller packing. . . : Bran—£s 10s .per ton f.o.b. .main . ports; 10s extra for. smaller, packing. POULTRY AND EGGS. t* .A-good entry of poultry, came , forward t-his'week, but, on account of tliei holidays last welc, the deniand riot equal to the supply .; Folio wing ax© ' prices, per pair: ■ , - Table chickens 6s to 16s, heira '3a 6d

:tcM7s,' ducks 4s W 9s, ducklings^7s to ■ 14 s,- - to'-'36s,' g€sese W'to'tia: -The Canterbury Co-operative Poultry Producersv .-Ltdi, report that the market was again well eupolied with" eggs , this week, but that, with the export . trade atill going on, they had no diffi•culty iu disposing of stocks of ,"Chain'* ,;l>nrod at the following prices per dozen':—First grade hen eggs Is second, grade hen eggs' and duck eggs Is 3d. rr ashburton: Tlia end of the season quietness *has: eot in in the grain and produce trade. Most of the oat crops (especially Algerian's) in the country have been beaten down by the recent heavy rains, but provided fine weather follows, there is no reason why . they should .not quickly be restored. Wheat—The season, has completely, finished, but those farmers' who have a few sack® ; of fowl wheat on hand could, possibly obtain 7s to 7s 3d per bushel •on trucks.

Oats—Whito oats aro off tho market, and thero is no enquiry from consuming market® for oats of any description. .There ie an occasional demand .for tho feed Variety,.the value; of .'which,.is. about 6s. per bushel- on • trucks. : Chaff—This market is termed by merchants as "sick," for the demand is- very" alow. Several lines haye been obtainable, but there .is no business offering. The -value for good bright is in the vicinity of £7 per ton on trucks, sacks supplied. .. Seeds—The retail demand for grass need is very quiet, but etocks aro gradually beings shifted. Cow grass is in good demand, the value being from 9d to lOd per lb, according, to quality. Cocksfoot is worth about 8d to 9d per lb. Ryegrass is neglected. Merchants, generally, aro carrying- enough ryegrass to tide them' over until tho new- season's seed arrives. Potatoes—Business so .far as old potatoes are concerned ia practically finished. Whites havo all been cleared out, and the 'only. potatoes offering are a few small lines of Da-

kotas, which would be worth about £5, whilo whites arc nominally worth about £5 IDs. TIMARU. (SPECIAL TO "THB PBEB8.") TIMARU, ■ November 21. The past week has been a dull one in the grain and produce markets, and there is very little to report. No fowl wheat is moving, and the future with regard to wheat generally is considered uncertain. North Island requirements are being filled" by importations from Australia under Government permits. There are rumours of offers, of 7a for new season's wheat, but bo. far no actual business has taken p'.ace. Oats are not arousing much interest. Feed Algerians are offering at 8s 3d f.0.b,, 0.i., but only a few parcels aro going to Kortk Island ports. '

Chaff is easier, and prime quality is quoted «t £7 on trucks. Very little is offering or available. 6 The gTaca seed trade is dull and disappointing. There is a Jittlo more enquiry prime quality white clover, but supplies ? r V C^ rc ®' Cowgrasß,' unless fireUlass eeed, is bard to quit. Fa?r d m?^f- C8 * finUhed f<?r the season. W q j , Ues , of ncw potatoes aro coming) Ir??„ .i/' 0 ™ I'l 0 ™«nd, and values are in the neighbourhood of 2?. d to 3d per l" Xjinseed is practically finished. Fair avcrl X a qU^ y i 18 W s rth £IS on traicks . Backs onot!,'/ t i.o„ r(!!!l!d ' liamples fit for seed tro quoted at £2O on trucks to growers. the Bml! fihiP ® ent o£ P e «B went. Home bv to es• 1 grade iB worth 63 63 ~ ' ' I

BANK OF ENGLAND (M. CASLI-JKXSS vßeceirrd November 2154 •» -- LOXDOXV Follow » Bank of for tha wesk ended N"oT e abwSi' l! %il ! - pued with tho prerious. u, •v.' O-nn and bullion .. ' " ttwerres .. 774,000 SSP* Proportion n>=erra liability .. XoU circulation .. mjgg Public, deposits .. 1.i,332x» aS? s "® Other deposits .. 108 493,000 MrS®! Govt, securities 40,833j000 Other securities "^.KI.OCO Short loans, :j per tec* ; bills, 3 IMS per cent. MpA V H FOREIGN EXCHANGE RAT^ (Received T\ovetn>er ?Ib4 r loxdok, sbw*SEi;; Th« rate* ate an i Par. Paris, it. to XI .. 22.233 Brussels, fr. to £1 iIiJS 9^:-.sSife Christia-nia. kr to £1 IS.] >9 315t 1 <3L. Copenhagen, kr to it lS.l\rt CfiSf 1 Stockholm kr to XI 13.153 '3W Berlin, Keichmarken to " - s£&•.; Montreal. del. to XI 4.9&- S«a» JjSliNi | New York, do'. to il 4.56 4.61 V Some, lir» to 4'l .. 23.-12J #{•, Hone Kongr. «t. to dol. * S6fci J® j Yokohama, st. to yen 21 5 £Qg JSbBoH Ctlcutta. st- to rpe 10 tosrold £| * Determined .by pnc« e{ GOVERNMENT SECUBUg* 1 (Received JCoTember Slat. LOSDOX, XmwJjO''' 1 . The- following are the l&teat 8 Government securities:— S

•••:- ENGLiSH: MABKETsISBH -.(Received November 'SUt, Wheat cargea Are dull.The Continental, demand is near, positions aro difficult to' tioua ■ declined from. Od to is » unnamed ' steamer's c»rjfO, brought Parcels are- ' Liverpool futures: -December March 12a SJd; May 12s 7JtL . ' '^^lllllllß Buyers' spot trad# is quiei, be easier. Australian' FJour is slow. Australian 41s Oats ere- firm. "A" grada Blue peas are in good demand? fljjwllllllßM A2os to 4305; Now Zetland Maples: Tasmanias- dull USe" - cently, arrived New. Zealand SSe.-~i^^SmMa Sugar: Granulated 35s'0j& DAIRY PHOPUCB^M (Received Tho butter market .ia '-Tery hand-to-mouth buying being ia ■ slightly firmer- at - sbont New Zealand choicest salted Australian 164s to lS6s, lWs; ■ good to fine salted lifts - Cheeso is dull. " New Zealand Australian £6s to 6Ss. • "Mi Dalgety .and Co., Ltd.. have following cablegram from their XxiaaßßlrWilEM dated November 20th:— IMisgSi "Butter—Market quiet.. We gaaft# l 3165, finest New iiealand, salted exceptional New Zealand brands Australian salted 186s, unsilted 19^|. "Cheese—Market- dul.L- WeZealand new eeaeoa'a white ; gtVi';fl6WßßHa| yO3, last is mow, The "New Zealand Loan api _ 3&S|BHbH Agency Co., Ltd. h&vo ietrived ing cablegram :from- their rlowwa ,» dated November 19th:—r - t . *•• JgjHHM "Dairy produce—Butter: CaoioßHjMHHffl| ! 202s to 206s per - cwt.,. Cheese-: per 'cwt. Slow* but eteady." ~ J *i|g3|9

\jrov6rEineiio eei-usmw.— . Z'c Kot. 11 Jfc-k' •® • i X Imperial consols, 2J pet. cent. »»• War Loan, 5'p.e., 19201 ' i,' 47 War Loin, SJ p.c., 1925JM S* JM.S4 38 .. 96 14 % 1 , "jj-jj* jy Conversion , Loan, SJ \p.c. Commonwealth, Si p.c.. 73 J-1931-41 .. 1001a Commonwealth, 6 p.c., ■ 1922-27 105 7 6 New • Zealand, 6 p.c-.. 1938-51 101 13 « i New Zealand, 4 p.c., * 1929 9i io o -as VjjNow Zealand, 8| p.c., . 1940 65 7 S s New Zealand, S p.c., 1945 ~10 ft New- South Wales, 6J p.c., 1930-40 108 5,0 ifllV* New South "Wales, 6 ' •* ' •' •' p.c., 1938-40 loi a * New South Wales, 5J p.c., 1922-3 New South Wales, 4 ioi a .e p.c., • 1923 «■*•••• «<ip New South Wales, 3 p.c., 1930-50 83 13 « St " New South Wales 3J • v >^HK p.o.. 1935 Ta ?«jr£r Victoria, 5 p.o., 193040 103 2 .ft, W'*BgE' Victoria! 84 p.o., 1931-28 99 £ tllh'm'Victoria, 31 p.o.,1929-49 TO 10 O ' llHSSi, ' Victoria, 3 p.c., 1929-49 73 6 Queensland, 6 p.o., 1930- - o^j40 ■ .. ' 10S O Queensland, i p.o.,1924 9>15,«>%MdSW Queensland, 3& p.o., 1930 92 O.-ftsSr* fj Queensland, 3 p.c., 192271 » 6 47 .. South. Australia,* 6j p.a, 1920-40 10815*0, South Australia, 3$ p.c., 194o or after .. 6412 0* South Australia, 3 p.c., .1930 «S 1T?,,sX VlS West Australia, 6 p.c., 1930-40 ' West Australia, 31 p.c., •193ff : 35 : . ' .. «r*o i « mmm West Australia,- S p.c., ' v1 ' ■ *«■ 1915-33 ...' 63 10 0 'Tasmania, 61 p.c.,19S0.40 los as: a. Tasmania, 3J p.c., 192040 ... - .. 8113 Tasmania, "3 p.c./ 1920- ' ;4o- — ;• • :78IOV'^|HKh