CANTERBURY MARKETS.

Press, Volume LXI, Issue 18419, 27 June 1925, Page 12

CANTERBURY MARKETS.

-,BV OU3 I'OiIMEi?CI.U/ EMTOS..' Friday Evening. The wheat position is unaltered. 1& is understood Hint the Government's fir-r purchase represents about half a million bushels, a-pood -5 por cent, oi the total quantity of importations probably required to carry on until next season. The price is' understood to be Os od a bushel, which is a fair value. In spit© of tho wet weather, it. is fairly certain that there will bo a good seeding of wheat, from now on until the spring. A number of growers have been disappointed at the interruption caused by tho bad weather, but the demand tor fertilisers and seed wheat continues and points to the fact that if at all possible a good spring area will be sown. The bright sunny .days of tho past week have enabled"cultivation in many districts and sowing in a few to be conducted, which a fortnight ago seemed impossible. Tho oat position is complex. Southland reports are to the effect that A Gartons are selling at up to 4s Sd f.o.b. s.i.. and to 4s 9d for super A's, yet merchants in Canterbury aro freely offering A's at 4s G}d with very little response. The Southland yield, according to actual threshing returns, is exceptionally good, being at the last statistical return 43.18 bushels per acre, and if t hero is a bareness of supplies in the south, as represented, the question arises as to where tho oats have gone. It is understood that the shipments are remarkably light, and quite 00 per cent, of the outlet is by sea. In spite of this apparent inconsistency, however, oats are keeping firm for whites. In the meantime Algerians are selling freely for the North Island at 3s 4d to 3s od f.0.b., s:i.. the dark oats being taken preferably at this price to B Gartons at 4s The on truck, quotations for Algerians are 2s 6d to 2s 9d, and this low price is naturally influencing lower values for grade whites, notwithstanding their scarcity in the province. Peas are very dull at 4s 9d to os on trucks. "White clover is quoted at from Is to Is 3d, with little doing.. Cowgrass is in fairly firm demand, good lines being quoted at 9d to lOd a lb. However, there i 3 very little offering. Cooksfoot is also fairly firm at lid alb for standard seed, sales having taken place at this figure during the week, but there is little general demand. _ . Perennial xvagrass is firm o t up to 4s 9d f.o.b. s.i.,'for 27-2Slb seed, but there is very-little offering that will dress thus. * Most of. the stuff is light, and is bringing offers of 3s 8d to 3s 6d on trucks, with heavy quality .up _to 4s. The proportion of inferior stuff is very heavy.

Italian ryegrass sales aro difficult to make. The market is overstocked. Quotations are 2s (3d to 3s on .trucks. Reports from Home show a very unresponsive market for dogstail. New crop prices in Southland are from Is to Is 2d a lb and old crop 9d to lOd, there being a, solid carry.over of the j latter. The cause of the Homo slack- j ness .for New Zealand dogstail is ,tliej disappointing germination, so shipments during the past few years-' germinating so poorly that Home operators are nob keen about the business. The Southland folk might find: less danger of this if harvesting and threshing methods were less rushed. Chewing's Fescue has moved out of ■-fchV'pit." A few orders and some sales have •jsiVen it some interest;and the" price is now 9d to lOd a-lb for new season's seed. ■'•'■}

- Potatoes are still the main source of •interest, and a firmer tone has to be recorded. The Kaiwara for Auckland on Wednesday took 47C0 sacks, and the .TVaikouaiti. sailing: for Sydney on Monday, takes th© first consignments, for that port. Enquiries continue from the other ' side, and offers - have- been made of fair-sized quantities, which •will probably be accepted in view of the steady prices ruling in Sydney and Melbourne. F.0.b., s.i quotations are £o 7s 6d to £5 10s a ton and to farmers £4. The growers, however, are only offering small lots. The price of £9 to £11: a ton. now ruling in Sydney is high for this period of the year, and as tho import conditions are not so'stringent as "first represented further shipments are impending, "'■' -Discussing the matter of supplies, an Australian paper of • a fortnight -ago says: "It is pretty clear that throughout the mainland the potato crop is short. A report, from the Tasmanian Agricultural Department states that potatoes are now being freely delivered at the ports of shipment in quantities which may give a false impression of !the total stocks available. The season has already advanced to a stage when wet weather may bo expected; with difficulties, arising both as regards, digging arid cartage. Tho fine, bright weather prevailing havrto £oub.t been an incentive to harvesting, especially a.s market rates have been on a considerably higher, level than, at the oonclusion of last season. Somo good yields are being lifted throughout the main crop country, although the gross production must' be far below the average." The following are nominal quotations, freb of commission, 6acks extra, except where otherwise stated :

Wheat—Tuscan 6s Bd, Hunters 6s lOd, Pearl 7s f.0.b., tacks extra. Oats—Garton A's. 3s 8d; B's, 3s 4d; Algerians 2s 6d to 2s 10d; Chaff—Good bright £i. •/Whito Clover—l2d to lod. Peas—is 9<J to ss. Cov.grass—9d to lOd. Italian Ryegrass—2s 9d. * Perennial Ryegrass —3s Gd; to 4s for good. Cocksfoot—To 6id. Linseed—£l7. Potatoes —£4. Onions—To £8 10s for prompt. Flour—£lß a ton f.o.b. nearest port: smaller packing. 1001b £l9: SO'g, £l9 12a 6d; 25's. £2O. . Pollard—£9 f.o.b. nearest port, 10i extra for smaller packing. Bran—£B per ton f.o.b. nearest port, 10s extra for smaller packing.

POULTRY AND EGGS.' Poultry still continues to conje forward freely, but with tho increased demand from elsewhere stocks do not seem to be equal to requirements. Consequently good prices arc ruling. Vo\- | lowing are quotations per pair:—Table chickens Gs to 14s, hens 3a.to 7a Gd I ducks Gs 6d to 14b. geese 6s to Bs, turkeya 16s to 4os. i Tho egg market is still well supplied ! nut Prices remain the same. as last week. The Canterbury Co-op. Poultry i Producers, Ltd.. quote the following I prices per dozen for "Chain" brand eggs:—first grade hen eggs 2s 2d, sect end grade hen egga 2s, and duck eggs 2s 2d. FARMERS' CO-OP. Memters o{ tho Cbristcburch Stock Exchange have convened a meeting to be held early next veejc to? discuss, tho proposals regarding cuOTulativo preference shards pnt , forward in tho circnlar letter of the New Zealand Farmirs". Co-cip.. Association to its shareholders. ;

BANK OF ENGLAND RETURNS. ift cxput.~iST.ss ASsecUTior-^orTaraaT.i AND S.C. CABLE iSSOCZXZItt.} LONDON, Jgtv, i;. aro the Birk c: returns for the vc?k ciaie-i Jr.?:-; 23ii, c£isi'3rcd T-tlii the ozc: ;o-:? twi.— Ccin nr.d bt:"l:.n .. -•>-',>oi/>"ii "-">,.;.> t,.-«» Kcjcrvo .. .. GI.GTi. L '».. Jl/XyssO I'lX'uorti-n of rot?;-e. to lUliHti-s .. C" "•"> 'ZtJii X-te circu'atic:-, .. UV*7iC»"O Zi't^OJXfi Fublic oo.svita .. ' Vvjj'trtj Other ce:Hx>its .. I<'.'.«'C»" .""'* ;t.*.2si.wx> Govt. rCcwri-'.-'s .. -■.>..V-i< - "" ;~.'-T2,;»» Ui'nor securities .. T •.?:t>.LlO 7VSVt'» Short, loans f{T;o*e<l at ';} r;; c-m*.r thrco rnoutho' uil.s. 4« yer cer.t. FOREIGN EXCHANGE RATES. LONDON, Xho cxcl:.tr.;c ri-es arc:Pir. Ju=.'-::. Jus* -a. Pari?, t'r. io ±'i .. -25.22} 1'4.1S :otJ5 Brussels, ;'r. t>ii .. io.-ij 105.*,; Oslo, kr. ;•> i'l ".S IS. I Cor.erJngeii. k>\ to 11 1?.T"0 CJ.y, -ZtJSb Stockholm. 1-r. to i.'! Ij.lj? 15.17 19.17 Berlin, Reich market: to fl -.12 XVI Monirea:. cin". to il 4.-"i 4.V.j New Vers. col. tc. it 4.K> jjjtj Rom?, ti i! .. -is.-i2; li)i l»*j Yokohama, « to -en 21..V* -20 1-lCd X!I-i&l Calcutta, st to roe 1> to go::I £ 15 1-J.Sd isy Horn? Kong, st to col * C?Vi 29J4 Arr.sterflam, £. . li.K'Tcl iiUi 72.351 Batavis, ft. .. 12.'i07ri 12.Sj-i 12,90 1-234 * Determined h-~ price'.of siirer. Ti:e re!ap-=o of the French fnrc is "»t----tribut'vj to M. OiibMix's irtentio-. •-■» tE**t niPiurinsr short obligations oy a fre=i ;.sjm oi bank note?. GOVERN3IEXT SECURITIES.

LONDON. MARKETS. . . . (AUSTBAI.IAS- ASP X.Z.; CABLE'. WSMUHMBI' June 26th. 8.55 - pJ*.)'' L.OXDOX. JaswiSS. Butter is firm. The.active, dwillit due to continued dry'weather. plies oi Irish and Continental; »li»<«i"flni««* inn, of Vhich.-the outpat i* litrfr than was anticipated. sew ya^EwfeM™ l est salted 186s to ISOs, onsalted ?s*»»,rf2* tralian. salted 182s to 186s, OBUW »tt to--190s-; Banish 2005.-- ■.-:'" --T^ii,-,....,., Cheese is firm, .and is Zealand 102s to 104s; Jtustrtnia tb «• 100s. - ' "";.... The Bradford tops market IS W|lMi and quotations are unchanged. ... _. . , Flour is quiet. Australian, ex steray «9V to 13s 6d. . ■' ■ Oats, peas, and beans are icaeu»«i- ■' Sugar, granulated. 31s ljd. - .^ Copper: Spot, £39 16a 3d per ioa; v.Rrd. £GO 16s ad. Lead: £33 Is sd and £32 10*. . •-■- Spelter: £34 Is 3d and i' 33 7s;6d. •.* Tin: £2ol 3s 9d and £253 6s 3d- .- Silver: Standard, 3-2 '5-161 per ofcj &», 04jd. ' ' ... WHEAT.(AUSTKAiaAX AXD X.Z.' CABLE JLSSOCIATICX.) X.OXDOX. Juno 23. "Wheat cargoes are' dun and nnrhangra. Parcels are quiet, though Manitobas • ai* a> shilling oasior. . Liverpool futures: July 'sellers lis sd, October. 10a 114. '.lJectaibar 10s 9»d. 'The spot trade i* quiet aaJ rather steadier. Australian, ex ahip. Sis. BRADFORD CONFERENCE/ (ACSTBALIAX AXD X.Z.; CABLZ ASSOCtATIOB.) (Received Juno 26th, .7.10 pjn.) •iOJiDOX. Junfc 2i. The Bradford Chamber of Commerce ia organising a conference -of Dominior.s* aaai growers, similar to that of fast'year, to fee held at Bradford on Jul? 15th and' ICtk. .

I.OXDOX. J ■".rvj 23. t The foIIoT:r;r sre the latesl qta>:aus=a £ zr Government securities: — Jure 1». J**"* n £ e. a. £ s. • 5* - sL Imperial coi-io!s, t'z per cent. .. ..53 15 0 c5 :o 0 War Loan, 5 p.c, 19.017 .. .. a ; C 20 10 0 Conversion Loar., 3j p.c. .. .. 75 3 0 7t 13 0 Commonwealth, 5j cc, 1931-34 '.. aJ !T S OJ *!J0 Coiuicomvea'.li:, G p.c. 1922-27 . .. .. K-3 0- 0 KBIT s i; 2\e-.v Zealand, 6 r.c. .. i; 193?-ol .. .. Ito 10 0 -. lis r & '; 1029 .. ■■ ... WIO-0 s* :* 0 4 Xew Zealand, Zi p.c, 1940 .. .. S3 :o 0 " 52 0 *■ ?! Xew Zealand, 3 -p.c, ■ i! 1015 .. 71 7 6 7t r *■■ i Xcw South Wales, G p.c, 19-30-40 .. 105 o 0 103 3 6 b 2\e-.v South Wales, 6j j p.c, 1922-C3 ..102 5 O K*2 S New South W»ic3. 4 p.c, 19-23 .. 07 7 6 90 0- » ',? Xcw South Wales, ij p.c. .. -■ 75 7 6 75 7" 9 ' ':■; New South Wale;, 3 :i, p.c,. 1940-50 "... £0 7 6 73 17 «, ;* Nov.- t-o'ath Wales (lie's* loanh .. .. 1G0'7 6 VQ 7 Victoria, 3 tj.c, :0"CMO 101 5 0 101 5 a : ' -;; Victoria, 3i p.c, 1921-26 &> 0 .0 05 P Victoria, 3; p.c, 1920-40 77 -2 6 77 a S ;i Victoria, 3 p.c. 10-20-19 70 0 0 70 e ft i Queensland, C p.c, 193>■i 40 .. .. 104 0 0 V>3 0 * .";■ Qneons'and, 3J p.c, 1930 .. .. 90- 0 0 90 0 • * Queensland, 3 u.c, 192247 -. .. 69 0 0 63 10 • ■'t South Australia, 6J p.c. Vi: 1929-40 - - 103 10 0 105 10 9 .| South Australia, Si p.c, • • 19j4o .or after ,.. t2 0 0 S2 0 ft ; .i: South. Australia, 3 p.c. 1930 ... •-.'.CO.rO ° . CO c» West Australia,'6 p.c.-, ' - J 1930-40 .. :.'IW 17- « . l«t;iS «;'.| West Australia, 3* p.c, ■ - *■ 1933-35 ... • -- S7 Q 0,. .8510 9 '! West Australia, 3 p.c, siv£ .. ' .1 1915-35 ." .. -- S3-0 0 Tasmania, 6$ p.C. 1SH> • . - - :| 40 .. ..106 0. 106 v 9 | Tasmania, "Si p-c, 1S20- . . ~<x 40 . --. S3 a 6 .62 ft *j Ta>mam» J . ; _ ; '-**"* ••ij