CANTERBURY MARKETS

Press, Volume LXIII, Issue 19171, 30 November 1927, Page 10

CANTERBURY MARKETS

A SLACK TIME. (BT OUR COMMERCIAL EDITOR.) Tuesday Evening. The broken weather is interfering with business in respect pf nest year's produce. There is quite an amount of speculative interest iu most classes of cereals and seeds, but the unseasonable weather is making operators somewhat charv. Much more of the rain that has "been so' plentiful will mean a diminished seed crop, with consequently higher prices now that export has cleared the boards of old stocks. On the other hand, a favourable season from now on will mean an amplo crop with, naturallv, a slow market, Lnder such conditions thero is very little speculation. - . Values for practically all kinds ot produce aro unchanged. Wheat is worth 6s lOd f.o.b. for milling and a halfpenny more for fowl. Next season's crop has, been sold to very littlo extent under os 9d on trucks, but at the moment there is not a great deal of movement in this prothict. It is understood that as a result or the advance in prico of Continental cocksfoot, and the certainty of it not being imported into New Zealand this season, that the area closed up on the Peninsula is much larger than last year. A better market than for some time is anticipated. There is still a straggly demand from the north for potatoes, but to all intents and purposes the season is over for old tubers. On spot offerings are worth £5 10s on trucks, hut the price is slipping. Quotations. The following are quotations for produce, to be paid to fanners, sacks extra except where otherwise stated : Wheat—6s 7d per bushel for Tuscan. Oats—Gartons 2s 6d to 2s 9d a bushel; Algerians to 2s 9d. Chaff—£3 per ton. Potatoes—£s 5s to £5 10s. Red Clover—To lOd per lb. White Clover—Bd to 9d per lb. Perennial Ryegrass—2s 6d to 2s 10d 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 packings. Pollard—£7 10s per ton, f.0.b., southern ports; 10s extra for smaller packings. Flour —Local wholesale price, £l7 lOs per ton for 2001b sacks with the usual increments for smaller packings. Price for shipment, £l7 10s per tori, freight paid to main New Zealand ports, AUCKLAND MARKETS. [THE PRESS Special Service.] AUCKLAND, November 29. There are still limited stocks of old potatoes in store, but holders are anxious to quit, and are prepared to accept £1 a ton less than rates ruling a week ago. This may, therefore, be counted the end of the season so far as southern importations are concerned. It has extended longer than usual owing to the belated arrival of the Pukokohe crop, and its extension into the weeks of warmer weather has added to the usual hazards attendant upon tho potato business, particularly at the tail end of the season. The Pukekohe crop from now on will dominate the market situation. Supplies are coming in much more freely, aflft to-day's quotations are from 14s 6d to 15s 6d per cwt on trucks. The potatoes offering now are of a particularly good quality. The market is still supplied with Canadian onions, and there is no chango in values. Oats and chaff ,are unchanged. Wheat continues very firm, and maiie is arriving in small quantities, values being fully maintained. Wholesale current prices are: —Local sharps £8 5s per ton, Australian £9 10s; bran, £5 15s per ton; oat pollard, £8 10s per ton; New Zealand oats, seed. B Oartons 4s 4d, A's 4s 7d per bushel; wheat, NewZealand and Australian 8s 8d; maize, ex store 6s 6d to 6s 9d, ex wharf 5s 6d to 5s lid per bushel; Cape seed 7s 6d per bushel; maize meal, 15s 6d per 1001b; barley meal, 13s per 1001b; chaff, Blenheim g.b.0.5., £9 10b per ton ex store, Canterbury £9 10s; potatoes, table, southern £8 to £8 10s per ton, new 16s 6d per cwt; onions, Canadian, in bags 17s, in cases 18s 6d. RANGIORA MARKET. There was a very poor entry of sheep at the Bangiora market yesterday, only 281, including lambs, being yarded. . Amongst the sales were: Niqe fat wethers at 44s 4d, 10 shorn fat ewes 22s sd, 8 at 265, 17 four and six-tooth wethers at 27s 3d, 78 wethers at 22s Id, 46 four, six, and eight-tooth ewes at 34s lOd, and 103 ewes and lambs at 21s. There were 25 head of -cattle forward. Cows in profit sold at £7 to £8 17s 6d, springers made £6 to £9 10s, an empty cow £9 10s, four young heifers £2 6b* each, a calf £2, and bulls at £2 10s to £8 12s 6d, the latter price being for a Holstein. The entry of pigs totalled 276. Heavy bacouers made £3 Is 6d to £4, other baconers £2 5s to £2 19s 6d, porkers 39s 6d to 45s 6d, stores 28s 6d to 365, largo weaners 24i I to 265. small 10s to 275. In the produce yards last week's quotations wore maintained.

ASHBURTON STOCK SALE. There was a fairly good attendance at the Ashburton yards yesterday when the total entry of sheep numbered 561. In the fat pens there were 124 ewos, 115 wethers, and 20 lambs. There was an entry of 89 head of cattle. The bidding for the fat cheep was spirited, bat there was a drop of about Is per head on the high prices which had ruled for the previous six weeks, while a number of the wethers were passed at auction. The principal sales were:— Ewes—Shorn: Two at 295, 6 at 27s 6d, 4 at 25s 9d, 5 at 265, 4 at 23s 3d, 3 at 29s 3d, 5 at 24b 9d, 3 at 20s, 7 at 25s 3d, 5 at 325, 3 at 295, 4at 28s, 8 at 21s, 9 at 17s. In the wool: Ten at 38s 6d, 8 at 35s 2 at 308, 2 at 245, 3 at 39b Cd, 6 at 408,' 5 at 33s 9d, 5 at 30s 3d, 6 at 265, 4 at 26s 3d, 3 at 42s 3d, 3 at 40s 3d, 3 at 35s 4d, 7 at 43b, 5 at 40s. Wethers —Shorn: Twelve at 31s 9d, 11 at 31s Bd, 7 at 28b 6d, 8 at 245. 2 at 26s 3d. In the wool: Six at 34b 9d. Lambs —Four at 30s, 4 at 30s 9d. Stores —The sales made were 81 soundmouth crossbred ewes and 82 lambs at 22s 2d, 6 crossbred ewe hoggets and 6 lambs at 27s Id. Cattle—Fat cows brought £7 15s to £9 12s 6d, steers £lO 15s to £ll ss, springing heifers £3 10s to £3 17s 6d, 10 yearling heifers £2 10s "each, 6 small vealers £2 2s each, 4 empty cows £4 10s each. BANK OF N.S.W. REPORT AND BALANCE-SHEET. (BY CABLE—PRESS ASSOCIATION—COPYRIGHT). (AUSTRU'AH AXD N.Z. CABLE ASSOCIATION.! (Eeceived November 29th, 7.15 p.m.) SYDNEY, November 29. The TepoTt and balance-sheet presented at a meeting of the Bank of New South Wales's shareholders for the year ended September 30th last showed net profits, after deductions for various charges, of £1,226,247, to which is to be .added £171,925 of undivided balance. From this is to be deducted interim dividends of ten per cent, paid for the quarters ended December, March, and June last, totalling £515,625, leaving a balance of £882,547, which the directors recommended should be dealt with as follows:—The payment of a dividend of ten per cent, for the quarter ended September 30th, absorbing £105,586; a bonus of 10s per share, absorbing £185,586; augmentation of : the reßdrve fund, £540,760; balance 1 carried forward £170,615.