CANTERBURY MARKETS

Press, Volume LXIII, Issue 18897, 12 January 1927, Page 10

CANTERBURY MARKETS

BUSINESS SLOW. (BY OUS COMMEBCIAL IDITOF..) Tuc-sdav Evening. Business remains slow with little appreciable movement in any lines. The'wheat position continue* to exercise the minds of growers and merchants alike. As long as Australian flour remains at its reduced price of £ll os f.o.b. Sydney, the millers contend that they can do nothing bettor here. Merchants aro still offering os 6d to farmers, but the latter will not sell at that price. There is very little wheat out so far in North Canterbury, but a good deal is about ready, and threshing is expected to commence in: about a fortnight or three weeks' time. New season's oats should be available shortly, as there is a good deal in stock, but 110 samples have been received so far. Farmers are being offered 2s 6d for whites, which price is a good deal lower than that offered during tho last year or two. Potatoes are offering at £3 10s on trucks, country stations. Very little business is being transacted, neither buyers nor sellers displaying any anxiety to move. There is a large quantity in the ground, and the crops appear to be excellent. Business in all departments is undergoing a period of marking time. Quotations. The following aro nominal quotations, free of commission, on trucks at wayside stations! sacks extra, except where otherwise stated:— Wheat (nominal)— New season os 6d on trucks. Oats; —Algerian (new season's) 2s 3d, Cartons 2s 6d. Chaff—Good bright, £3 10s. - White Clover (new season's) —9d. Cowgrass—Bd. Italian Ryegrass—2s. Perennial Ryegrass—3s. Cocksfoot /nominal) —6d to 7d. Potatoes ("new season's) —£3 10s. Flour—£.lß local. Pollard—£lo f.o.b. nearest port, 10s extra for smaller packing. Onions (new season's), £4 10s. Bran—£7 per ton f.o.b. nearest port-, 10s .extra for smaller packing.

HIGH COMMISSIONER'S REPORT. The Department of Agriculture has received the following cablegram dated January Bth, from the High Commisioner for New Zealand, London: — BUTTER. , The market is quiet. Official quotations are:— New Zealand: Finest Suited (New Season's). January Sth —172s to 174s per cwt (is 6Jd per lb). December 31st—172s to 174s per cwt (Is 6ld per lb). UnssHed.' January Bth—lßos to 182s per cwt (Is 7id to Is 7Jd per lb). Other Qualities. January 8th —162s to 166s per cwt. (Is 5Jd to Is 53d per lb). Finest Salted (Stored). January Bth—l66s to 168s per cwt (Is 52d' to ls'6d per lb). ' December 31st—166s to 168s per cwt (Is 53d to Is 6d per lb). , ■ s Other Qualities. January'Bth—l6os to 162s per cwt (Is 5d to Is 5Jd per lb). New. Zealand Control Board minimum prices are:— Finest salted, 174s per cwt (Is 6Jd per lb). ■■.■■■ .First grade, 172s per cwt (Is 6Jd per lb).. Australian: Salted. January Bth—l66s to 170s per cwt (Is 53d to Is 6id per lb); up to 172s per cwt (Is 6J3'per lb). December 31st—166s to 172s per cwt (Is 53d to Is 6Jd per'lb). . ..Un,salted,. ~ January Bth—l72s to 176s per cwt (Is 6Jd to lst6Jd per lb). December. 31st-r-172s to 176s por cwt (Is GJd to Is'63d'per lb); Other Qualities. January 8th —146s to 166s per cwt (Is 3Jd to Is's3d per lb). Argentine: Unsalted. January Bth—lsßs to 162s per cwt (Is 4Jd to Is s}d per lb). December 31st—158s to 162s per cwt (Is 43d to Is 5Jd per lb). January Bth—Exceptional, 164s per cwt (Is 5Jd per lb). _ ' Other Qualities. January Bth—l44s to 156s per cwt (Is 3Jd to Is 4Jd per lb). Danish. ' January Bth—lßos to 182s per cwt (Is 71d to Is 7£d per lb). December 31st —184s to 186s per cwt (Is 7|d per lb). . CHEESE. The market is steady. Official quotations are: — English: Finest Farmers. . January, Sth—loßs to 112s per cwt (lljd to Is per lb)/ December 31st—108s to 112s por cwt (11 jd to Is per lb). Canadian: Finest Coloured and White. January Bth—94s to 08s per cwt (lOd to IOJd per lb). December 31st—94s to 98s,per cwt (lOd to lOJdper lb). New Zealand: Coloured. January Bth—94s to 95s per cwt (lOd per lb). . White. January. Sth —93s to 94s per cwt (9}d to lOd per lb). " ' Mixed. December. 31st—93s to 95s por cwt (93d to lOd per lb). New Zealand Control Board minimum prices are:— Coloured: Finest, 95s- per cwt (lOd per lb); first grade, 94s per cwt (lOd per lb. White: Finest, 94s per cwt (lOd per lb); first grade, 93s per cwt (9Jd per lb). Australian: Coloured and White. January 8th —92s to 93s por cwt (92d per lb).' . . December 31st—93s to 94s per cwt (93d to lOd.per lb). • ■ Estimated stocks of.cheese on.January Ist at London, Liverpool, and Bristol: Canadian and. American, 133,600 boxes; New Zealand and Australian, 38,350 crates, against 139,400 boxes and 30,400 crates, respectively, at same time last year. ■Shipment of New Zealand produce arrived this week per s.s. Hororata. ' TALLOW. The market has been steadier, during the last fortnight, and a fair business has been done. Official quotations are: — Mutton: Fine, 30s.per cwt; fair to good, 36a 6d to 38s per cwt; dark to dull, 35s to 35s 6d per cwt. Beef: Sweet and/or mixed, 37s- to 40s per cwt; fair to good, 35s 6d to 37s per cwt; dark to dull, 34a to 35s per cwt. Mixed: Fair.to. good, 35s to 36s 6d per cwt; dark to dull,. 34s .to 34s 6d per cwt. Gut, etc.: 32s to 34s per cwt. ■■•■"" , HEMP. The Manila market is easier this week, but closes Tvith a firmer tone. "J" grade Janu-ary-March shipment is quoted £46 10s. - Output last year 1,254,259 bales, against 1,241,078 in tho previous year. Stocks in Great Britain on January Ist 3000 bales, against • 25,000; stocks in Manila 115,000 bales against 153,000 for same time last year. The sisal market is dull. No. 1 Tanganyika offered £4l ss. The New Zealand market is easier, with sellers of highpoints at'£37 for any position.' Fair January-March shipments £36. Buyers afloat for fair £36 5s to £36 10s. Tow afloat in demand on the basis of £26 for No. 2 quality. WOOL. . '._ Bradford market is quiet, but quotations for tops are well maintained on the last basis. EGGS. Prices have dcelined,. but small business has been done. Present quotations are:— English, Dutch, Danish, 20s to 24s per long 100; Belgian, 17s to 18s per long 100; Australian, 16s to 17s per long 100; South African, 16s to 17s per long 100; Polish Egyptian, 9s to 12s 6d per long 100. OATS. There is a little more enquiry for best English. Fine bold white selling at 27s to 28s. The market is quiet but steady for imported. Plate afloat sold at 21s 3d, and Jan-uary-February shipments offered at 20s Chilean, offered 22s - 6d. Nominal value of New .Zealand "A" grade Gartons JanuaryFebruary shipments 28s. PEAS. The maple market is quiet. Spot stocks are small and value is maintained. New lis M w b T7^f rc l: •Mwumt. offered 83s 6d. March-April shipments . 82s Tasmawan JanuaryFebnißry shipments offered ?i;* • T ?*X?• l \ soo i d enquiry for B '°es on account of tho shortage of English and Dutch Marrowfats. Tasmanian and New Zealand are quoted at £lB to £32 per ton el store BEANS. is E offere!l WtSt'T'-' and best ™ 4 «