CANTERBURY MARKETS.

Press, Volume LXI, Issue 18407, 13 June 1925, Page 12

CANTERBURY MARKETS.

(BT O\JS C£>ItUK3CXAX EDITOR.)

Friday . Eeveniiig. Tho market is distinctly dead in the broad and butter • lines of tho trade, but interest is developing in the mora important brunches' of cereals. Offerings of wheat liaVo almost disappeared, and*it is obvious now that not. a few farmers aro holding in anticipation of somothing cropping up to advance prices. -The soundness 01 t-nis judgment was doubtful until last week, but tho resent American reports aro rather favourable to an advance in tho future, although none but tho tyro couid interpret the latest American cables as other than a "bullish movement. But even in America where there is smoke thero is firo. lho arresting feature about tho outside position is that the market 111 -Melbourne has cased djiring the week (j s 9d to 6s 7d, Williamstown. This prico is "well above world parity, ana calos have been mado for Kngland on a basis of 6s 'id a bushel. ' Sor lar as millers hero aro concerned Cs id a bushel, Melbourne, is a Bhado moie than what they can pay to enable them to retail flour at £lB a ton. In the meantime there, is a firmer atmosphero about tho market-. Thero is a good demand for fowl wheat at up to 7s f.'o.b., and it is reported that millers are paying above schedule rates iii order to isecurc supplies and so avoid haying to. pay tho uncertain prices associated with' the. importation of wheat. Statistics poirit to a fair quantity of wheat still iu the couiitry, but it is not materialising. In rogard to tho sowings tor next vear, these' promised to be quite satisfactory, but tho long continued burst of wet weather will affect operations. ' • Oats- aro just about holding recent values. .For prompt A Gsirtons from '4s '4d to -is od has been paid, and for J uly-Dc6etnbei' 45,4 d f.0.b., s.i. Thero are'few B Gartoiis ofiering, but there has' been quite a, clearance of Algcr'iaris 1 during the week. These are quoted, according to quality, at 3s 8d to 3s 7d f.0.b., 5.i.,.0r 2s 9d to 3s on trucks., jt, is reported 'that there has been a f,rce, purchaso of. A Grade Gartous iu t'lio south for milling purposes. Business in porSiinial ryegrass has passed at os - •7£d f.0.b., sti. Perennial is one of the few lines in which there is business. i ■ Italian is dull of salo and values to farmers for good quality aro up to. 3s. Littlo cowgrass is offering. .Quotations aro from 9d and. lOd on trucks. AVliito clover :; is being pffeied fairly freely.: Quality-is very varied, but ; for podium'to good stuff from Is to Is'3d is offering. •- Duo to somo extent to the burst of wet weather the pCitiato is liealfchier.. i Auckland is now .enquiring about- supplies' for -.the . next few nioilth.'s. ;In addition enquiries- from • Sydney : air.o more freequenb, and it is "certaiin .if the fitupid conditions laid down in regard to ipiported tubers into Sydney could bo : relaxedj business . would ensue- very quickly. As a matter of- fiict . it >is understood that / a shipment will .takc> place next wjeek'to, try out. ■- tho market, the vexatious conditions. notwitlisidining. 'As ! fax, afr ■ compliance with 'the; conditions is concerned, it is understood that the tubers' liave to be examined on' tho. farm,' by ; an- officer of ithe Agriptiltural Depart-, menti tten put into, newsacks brand-' ed with the owner's • name, . then Jtispected .again by the authorities at £he .port, of. fihiiprnfent, certificates signed that thero is freedom from diseases _of • a dozen'and; ; fittbre Character,of which.we know . nothing and the Common-: wealth is opparentl.y. full of, and after hurdles'- tho Australian. in» ■Sp«sc!tor can. do- wliat t©. ; likes .iniSydP.iJ! l, ; .lvneiii tliOj potatoes/arrive. .AIU thtft. xswsipted' to -complete' tho absurdity as to, .earmark tlio' or tako his finger-; .pX'intS. ..Tlicre is a'.margin 011; present prices, for).expert, but tho. disabilities nmko orations soarcely- worth whiles The Kauri aq'd' Wirigatui, sailed' on" Tuosday aiid AVcdnesday; for Auckland; •and- took 4700 sacks, and; the next, liofe't does ; riot 1e9.r0 until or' Thursday of , next week,' Values' to fariricrs 'on triicks aro £3 10s. 1 •The jfollowing are/nominal quotations, free of- commission, sacks extra, exceptWliere'dthchviso stated:— •WhAat —Tuscan 0s :Bdi Hunters Cs ,10d. Pearl 75>f.0.b., ; sacks extra. . .OatßT-Gaftons 3s. 4d.;. Algerians, 2s 84 to 35.. ■ C?haif—Good' bright" £4; " . v tAVhite Glover—-12dito' lod. ■■■'-S<\ • Peas—55.. ■' ■/""

- Cpwgrass-T7-9d to 10d.' ; .y. - • . Italian Bycgraes-r , 2s. 9d to 3a. Cocksfoot —to (ijdl i ' • Linseed—£l7. ' > - Potatoes—to' £3 10a. - f i , Onions—To £5,103 for prompt. ; Flour—£lß a ton f.o.b. nearest port: sihaller. packing,''loolb £l9: oO's, ; £l'J 12s fid; 25's, £2O. ■ A Pollard —£9 'f.o.b. nearest port, 10s extra for smtjiler picking; . .■- vm Bran—£B per ton f,o.b.' nearest port, 10s'extra for smaller packing." '■*"

poultry; and eggs. ; ■:

Large entries of poultry; came for-, ward tp,;the market tliis week, but the • ddttoand .'was good for ,-prime qualify birds, ;:wbich hardened siipj in jiripo. Following: are prices per pair: Tabic chickens, Cs to 14s 6d;. hens (light), 2s 6d tO'4& 4 6d; hens .(heavy)! 5s to 8s" 6J;' dueks f : 7s : to 13s 6d; gees*, (is to ,8s tuTkeys, 18s To 455. : " ' On account of the cold weather, the Bupply-of eggs shoiwed no increase* this week, and prices remained 'firm at rates. Following are prices per dozen: Fix&t, grade hen eggs, 2s 4d; second grade hen eggs and duck eggs 2s '2d.'' dunedin. • (snscul to "tkb razss.") i • ~ . . / PUNEDIN, Juno .12.., . The oat market, if anything, haß an easing 1 tendency, btV* "holders . oI good' bright samples ari Hot inclined tosoll oven tt -pros.erit'ruling rates." ■ :An enquiry. last -Reek (or E's aroueod Jlttlo interest in this grade, but do far very, few actual oats hare changed hands. .Tho quotation is 3p 6d, sacks extra,., on trucks country stations, for A Q'rado tiartons; . . . . ; . There has been a fair quantity pf wheat pa'sßln'g' to millers at present rates, an,d: ap-' pearanees point to the bulk being'Bold'before the -Australian wheat "arrives - next •njonth., .Hilling'rates are:-Velvet: 7s, Huat.-' ers'6s 10d, and Tuscans 6s 8d f.0.b., sacks e'stra.' ' ' '', 1 - ■

■ Good, ( 'l>right' oaten* sheaf chaff can generally. Jba disposed of, ex : truck, at • values up to, £5 10s. eacks extra, ! for vcry.prinjeu Medium - and - light are very hard, to quit, and tho , bulk of' these grades <.aro . being stored and-sold, ex store, at vaiucsranging from £3 15a"t6'£4 10s per ton, sacks extra. • Potatoes • have firmed' slightly, and fair average quality are worth \ipjto £4 15s, «s truck, sacks in. j Blighted and-badly grad-ed-lines are/unsaleable.

' ■ • •• • - . fcfcSrH : BANK OF ENGLAND RETuM^ —— ' (ST CABLE—PMS3 A3BOCTATIOS—COIXtIOirJ • ,1 UUSTSAmx ASD S.Z. CABIOC AgaOdtTfAfp (Kccoived Juno 12t&, 7.20.»jn 1- v S j! I LOXDOX,! June n 1 Following are the Bank cf Efcglisdl turns for tbo vrtek. ceded Juno r 11th. edS?'--* pared with the previous week: •June -1. Jua# ' Coin and bullion 154,656,000 IJJStefIK Ecscrro .. 07,393,000 . Ss'bSjS If Proportion of lescrvo CM to lia-biliticj ■ 21.79 S&"a'-*ifi circulation .. H 5.531.000. I4oMUBB 'M Public ocposus 11.6CH.050 ' jmTZJ'm Other deposits ..114,110.000 llitSfivi M Govt, securities 42,997,000 S3Sjs Other securities .. 73.110,000 70 W.Str, II Short loms arc quoted at 3i'Mr'ceaS"^ three months' bills, 4j per cert. VS FOREIGN EXCHANGE RATES. 1 LOXDOS. Jm* The expanse rates *r*: - _ . F«~. JacfH, Jugg j» rs© Pan*. y. to £1 .. 25.22 i ' 100 Brussels, lr. to £1 .. 25.22$ 101.90' 'lSS]' '! Oslo, kr to ill .. 15.15:> £S9i «'!* fIS Copenhagen, kr to £1 15.1;9 ssj.s7 Stockholm, tr. to £1 28.153 35.15 ,»2 -tf Berlin, IJeichmark-:n to £1 .. Montreal, dot. to £1 4.865 4SSS ''iSf Sew. York, dol. to £1 4.BSJ 4.Si 15-16 tB < Rome, liro to £1 .. 23.22$ xjj" Yokohama, t>t to ron 24. JS COJd 1913J® Calcutta, el to rpe 10 to gold £ i«i « jjS; Hon? Kong, st to dol. * £;s£ ojjf 1 Amsterdam, &. .. 12.107 liOMd 12M» BataviaJ fl. 12.107 12.08 MOd liOSjS* •Determined by price cf ciber ' ' GOVERNMENT SECURITY f LOSDOJf, Jturt'iMi'v .The following aro the latest quotation &» Government securities:— *5,

V • LONDON MARKETS.- ' (pt cable—riiEsa assocutior—- " (AtrSTBALIAX AND K.2., CABLE t? (Received Juno 12Ur, -5.& . , * LONDON. Jotta J&'jsl Butter—Jvctt, Zea!»nd--'c£oic<*t< salted ..to 180s, 'exceptionallßla,.. uh»alted s Australian salted' 170s to' 1745. ' to' ISOd. Danifeh, which is fully sinca- tho - cessation" ot t the amltMpSsf .alboiii-:188s, .The -market is ;-fmrr, go64dewand,\ apparently:. dua', trcmely ' hot weather and the* .prospmjjwUjjj! its' continuance, which is causing iHl* atap||& the prospect of a drought and tailcra anxious regarding 'stocks., fact. thata quantity of atom and that current* considerably" exceeding - i Chneseia fivra.' New 'Zealand? Australian is : .The. T'radford . tops - market •»• jjffiHPMß moro cheerful, and there is .bottCT/«ig|ggl||j foe' but* quotations' am hide* >alea were; Very dull is * no. demand.' Australian (nomiariiwißßsljra tioBa): -Ka'.tcd to 401b.* 7d v 7d; iSOlb and upivurd?. 71d: dty •;WHjpH 20 .to 301b,v 9id;. 80. \<f 40ll>; 9JdCopper: Spot, £39 6s 3d per 11 Lead: 'Cd and- £32 18s 3d. fSSHg Spelter:. £3i lsi 3d. and r» I2» : Tin:. .£252. 2a 6d and'..«S3 €9 ' Silver: Standard, £3l Hs 6d Silver:- Standard, 31 11-lCd'pwr "Whe4t ctigocs are dull and'Ed to l*dgHHj« owing to good .Canadian *nd crop reports.. Parcels are of buying. The' spot trade » . Prices generally are maintained." cx ehip, .63s Cd to"6te fid. Flour is alow. * Australian,' ; Pew ( are alow. J ' Sugar is lincfcsngcd. '"'lfHHf !''milr ' * * *' * gSffItSSE BRITISH DUTY ON. B^K ; (RECTKE'S TSIXQBJUtt.)' • 'Tho control of. hopaceases'in new duty ia £4' pet' owt,; with ferwee • for ' Imperial suppliea. iMraHHWj Controller ia holding up - 5000 minions' . hops, and the High are., requesting the Colonial lease these earlier- to' premit competition* with foreign aUppli«a.'"»i^^^^^ffll CANADIAN WHEAT PBOS?^^M I itaeotrling ; to ' tho .' Dominion Statistics, .tie conditions of -crop at tho end cf 34av atcod ! cent, vof tho ararago yield an 'compared with. 06 per cent. ended 3lay '2let, and 93 per cear. 81 It is tha highest since Slv •vrhen the eatimite w«s aUo >W PracticiUy all fold crops *»* percen{ajca than :n . IS2t-

FROZEN •» MEAT ' MARKET.

/Dalgety.and Company," Ltd., have rtfceived • toe- following cablegram from' their London, office/da(«d June 11th:- ; "Frozen Lamb—Demand;for New Zealand ■lamb ran a priacipallyon light weights.' Mai"■SWt \t<ak. -We .quote: Prime crbisbrtd lamb, Canterbury heavy 10id, light Hid: >;orth Island, heavy lOd, light Hid. ■ "frozenMnttdiii—Demand inns principally, on light weights, Market .-weak. y,'e quota: Prime crossbred mutton, Canterbury heavy 6d, light-8d; North Island, heavy sJd' light 7|d. v - < , <u ' '•frozen.Beef.—Demand for New Zealand beof is. fair. 'Jfariket weak for foreguarters Ue quote: ZeaUrid, . prime 'ox bea/...hinds 6d, fores 3d." -■

June 4. t , i •; d. Impend consols, v '1 per cor.t. .. .. 56 0 0 55 0 # J 1 War Loan, 5 p.c., 10-0-47 .. .. 93 17 6 «*>!5 K -n "S. Conversion' Loan,' '3i p.c. .. ..76 S Commonwealth, ■ oi p.c., • 0 »-... • ■ . ■* 99 17 ft ; * 1931-Si .. " ..93 13 0 Commonwealth, 6 p.c.. •192M7 ..103 15 0 ICQ o 4 Xwv Zeakad, 6* p.c., 5 f -.H 109-0 #. 1933-51 .. .. 10J 7 e New Zealasd. 4 p.c., •19® ... .. . 93 .0.0 M 15 ft New Zealand, EX p.c., 1910 ... .. S3 10 0 * ft • '« Now Zeal aid,. 3 p.c., 19J5 .. .. 75 7 6 ■«»r10J IS ' New South Wales, 6 p.c., 1933-41 ..•.10517. 6 New' South Wales, 5} .p.c.. 1922-2.1 .. 102 7 6 102133 '-'L New South Wales, 4" p.c., 1923 .. SO 7 6 New Soutli Wales, 2| J Ss%9!v * »f ,■ ■ p.c. .. .. -77-17 6 New South "Wales', 3 p.o,.- 1940-30 .. 81 10 O ;«we New South Wales (new loan) • .. .. 102 7 6 Victoria, 5 p.c., 1930-40 101 12 6 Victoria 3J p.c., 1921-2G 98 0 0 Vict-orii, 34 .p.c., 1920-40 77 17 6 Victoria,' 3 p.c., 1929-49 71 5 0 ffiwZ 1 -- v Queensland, G p.c., 1930- - ' w4iSB 40• .. ■ .. 105 0 0 Queensland, t J p.c., 1930 90 10 0 ''' Queensland, 3 p.c.. 1922- - ■ 47 t . ... .•• 70 .0 0. South Australia, 6J p.c.,* 1920-40 .. .. 105 10 0 South Australia, 8J p.c., ; , .1915 .or . •• S2 5 .0 South Australia, 3 p.?., : • ■ „>, 1930/ . ... 61 0 0 West Australia; 6 p.c., 198040 ... . .. 101 IS 0 102 Wwt Australia,. p.c.,. - 1930-35- .. ..,67.5 0 West Australia, ■ 3 p.c., - I'" -v: j8§3H| 1&15-S5 -v 82. 0 0 Tawnani*,'. <&■ p.i.,'19»> ; :40 ..106 0 0 TjwmapittY'aj i$.4.i : 192040. ' . .' ... . ..8115 oTasmania, 3 p.c., 1920- .. ' . 40 . ' -. 76 0 0 J* -^sll