CANTERBURY MARKETS

Press, Volume LXIII, Issue 19144, 29 October 1927, Page 12

CANTERBURY MARKETS

FORWARD BUSINESS. BY nVR COMMERCIAL EDITOR.) Friday Evening. ' There is little of interest occurring in the market. Business lias dropped down to the matter of supply and demand, .speculative interest being dead. The potato market is a little brighter, fairly numerous enquiries coining froin Auckland, with, however, no militant tinning in prices. The i'.o.b., s.i.. price for this month is ranging about i'-t -s Gd, and on trucks £2 los, at which figure growers are loath to undertake the cost of re-picking. The Katoa, which arrived in Auckland during midweek, took 3ti2U sacks from Lytudton. and the Waipiata. at the beginning o! next week, is expected to take a bimitlar quantity. There has been a good deal of forward business done in next season's potatoes at £3 10s on trucks for Aprildune. After this year's debacle growers are anxious to have some idea of what their return is going to 1m v . The Wheat Market. The forward wheat business is somewhat easier, consequent on the improved pros|M?ets reported as a result of the rains in •Australia, which, however, should not have a direct influence on New Zealand values under the new sliding scale of duties. In any ease New South Wales reports are to the effect that the rain was so patchy that many areas obtained no benefit, and the total crop will not exceed 20 million bushels, about sufficient for local bread, feed, and seed requirements. The position in the other States is better. The current quotation locally is 6s a bushel f.0.b.. for ordinary months, but this price has been paid on trunks for earlv wheat from the drier disj tricts. Many farmers are prepared to | sell at os fld on trucks for ordinary months. Business in -last season's wheal is i small, but a few of the firmer holders are quitting at (is 3d on trucks for Tuscan. Oats, Seeds, Etc. Oats are weak, though consignments are still going to Australia from southern districts. These, however, represent business transacted some time ago. Up to 3s 5d for A's and 3s 3d for B's cover f.0.b., s.i., values. Export of Barley'. Advantage was taken of the cheap October freights to England to dispatch fair quanities of barley. The price showed no profit, but the shipments performed a useful service in reducing the heavy stocks on hand. Seeds keep firm, though business has quietened down. The stocks of best cowgrass have been depleted by the export Home and North Island enquiries that have set in are being met with stuff not up to export standard. Perennial ryegrass is also being sold north, prices being unchanged. A crop that is becoming of main importance is peas, a heavy area of which has been sown on contract at 5s 6d to 6s a bushel on trucks. Last season's production did not meet the obligations entered into by exporters, and a recurrence of such a position is being safeguarded against next season. Quotations. The following are quotations for produce, to be paid to farmers, sacks extra, except where otherwise stated : AVheat—6s 3d per bushel for Tuscan : up to 6s 6d for Hunters. Oats—Gartons 2s 6d to 2s 9d a bushel; Algerians 2s 6d to 2s 9d; Duns, 2s 6d to 2s 9d. Chaff—£3 per ton. Potatoes—£2 los per ton. Red Clover—To lOd per lb. White Clover—Bd to 9d. Perennial Ryegrass—2s 6d to 2s lOd per bushel. Italian Ryegrass—ls 6d to Is lOd per bushel. Cocksfoot —7d per lb. Linseed—Up to £l3 10s per ton. Bran—£s 10s per ton, f.0.b., southern ports; 10s extra for smaller packPollard—£7 10s per ton, f.0.b., southern ports; 10s extra for smaller packings. Flour—Local wholesale price, £l7 10s per ton for 2001b sacks, with the usual ' increments for smaller packings Price for shipment £l7 10s per ton, freight paid to mam New Zealand ports. POULTRY AND EGGS. Fair entries of poultry came forward 'or this week's markets. High prices ruled for good quality birds. The Canterbury Cooperative Poultry Producers, Ltd., report the '• following prices per pair: Table chickens, lght 7s to 9s 6d, heavies 10s to ins; lions, ' light 6s to 7s 6d, heavies 9s to 10s 6dducks, 7s 6d to 10s; geese, 7s to 8s; turkoy hens, 16s to 235; turkey gobblers, 30s to ' 425. The egg market is well supplied, and ' bakers orders having been filled the demand j has eased, but prices remain tho same os ; last week. The Canterbury Co-nperativo ; Poultry Producers, Ltd., quote the following prices per dozen: First grade hon eggs Is 6d, ! second grade Is 4d. Messrs Macfarlnne and Co.. Ltd., quote the following prices per dozen: First grade hen * eggs Is 6d to Is 63d, second grade Is 5d : to Is 5Jd; duck eggs up to Is 7d. ASHBURTON MARKET. This is usually a quiet period in the grain and produce markets. Very little business has been done in oats, and now that the freight on oats to the United Kingdom' will again be increased within the next few days there will probably be not much chance of selling further parcels in thßt quarter. Australia is not in the market, and any oats now being shipped over thero will probably ba iu completion of contracts made some time ago. The wheat position is firm, and with the few odd lines of milling wheat changing hands thero is very little loft in the hands of the growers. Although the majority of millers have sufficient quantities on hand to last them for some months, there are always a few coming on to the market and competing for tho stray lines offering. No great demand iB in evidence for fowl wheat, and values are steady. Tho market for table potatoes is dead. Most southern merchants have closed down their operations this season, and North Island merchants are buying very cautiously, and only in small quantities. Dakota tables have weakened, but Wellington is still absorbing most of the lines coming forward. However, prices for this variety are still in excess of thoso for whites.. There is a small demand for Dakota seed, but no demand for whites. There are etill a few enquiries for grass seed and clover, and prices remain steady. The following prices are quoted on truck's, country stations, sacks extra:— Milling Wheat—Tuscan 6s 3d per bushel, Hunters 6s 6d. Good whole fowl wheat, 6s 2d. Oats—A grade Gartons 2s Bd, B's 2s sd, Algerians 2s 6d to 2b 9d for the best seed, 2s 5d for heavy feed; Duns, good, dark, heavy seed 2s 9d, feed 2s 4d. Chaff —£3 5s per ton for good, bright oatsheaf. ' Partridge Peas —7s 6d to 8s per bushel. Potatoes—£3 10s to £2 15s on trucks foe* white tables, and £4 5s for Dakota tables. Grass Seed—Perennial 2s 9d to 3s per bushel, Western Wolths and Italian Is 9d to 2s, red and white clover 8d to 9d per lb, according to quality; cocksfoot, 6d per lb. FROZEN MEAT. Dalgety and Company, Limited, have received the following cablegram from their London Office, dated October 27th:— Frozen Lamb—Market weaker, dcmaDd limited. Quotations: 28/3611) Canterbury 9Sd, North Island 9Jd; 3G-421b Canterbury 9jjd. North Island 9Jd; second quality Canterbury 9Jd, North Island 9Jd: 42-501b Canterbury 9d, North Island 8?d. For Australian the market is dull and demand limited. We quote Australian lamb 28-361b BJd to 9d. Frozen Mutton —Market weak. Demand poor owing to warm weather. Quotations: 4S-561b Canterbury 6gd, North Island 6Jd; 56-641b Canterbury 6Jd, North Island sgd; 64-721b Canterbury sgd, North Island 53d: ewes 48-641b Canterbury 4§d, North Island 4Jd. Froien Beef—Quotations: Argentine chilled hinds sd, fores 2Jd. Pork—Quotations: English pork Sid to BJd, New Zealand porkers 80 to 1001b Sid, 100 to 1201b 71d, New Zealand baconerp 120 ' to 1701b nominally 6<J. 2701b and over 5Jd.