TRADE IN PRODUCE

Sun (Auckland), Volume II, Issue 399, 6 July 1928, Page 12

TRADE IN PRODUCE

THE WEEK REVIEWED POTATO MARKET EASIER JULY' 6, 9 a.m. An easier tone in the potato market and an advance of £1 a ton in the price of pollard have been the principal movements in grain, seed and produce circles over the week. Stocks of potatoes are still short on the spot, but, with estimated supplies of approximately 17,000 sacks coming to hand over the next few days,, there is an easier tone in the forward market. The Auckland market at the moment remains firm with quotations through store at £9. It would be quite safe to predict slightly lower values in the near future. The market in the South is a little easier, and supplies there appear to be coming in from the country in greater quantities. Attempts made to sell for- 1 ward are not reported to be meeting with much success, as merchants here mostly seem satisfied to trade from week to week. Onion Market Continues Firm Supplies of onions remain very short, though the high prices continue to draw small parcels from the South. Pukekohe is also being drawn upon. There is now reported to be a possibility of the first shipment of Japanese onions arriving on the Marama on Tuesday week and after that in regular weekly shipments. Steady business is reported in forward bookings of the Japanese onions at 17s 6d a case. Business is also being done in the American onions at the same figure for 1001 b case lots to arrive over September, October and November. No African Maize This Year One of the principal items of interest to sellers of maize over the week has been the abandonment of any intention to import South African cereal. Prices over there at the moment make it impossible to land maize this season at much under 6s 9d a bushel. This news has had the effect of tightening up the New Zealand market for the new season’s cereal. Definite contracts for small parcels for July, August and September delivery have been reported during the past few days at 5s 4id f.o.b. Gisborne. The first consignments of any size of the new season’s cereal are expected in Auckland within the next week or so. Fairly steady business is being done in old season’s maize on the spot, many merchants clearing stocks in anticipation of replenishing with lower-priced new season’s cereal. The market for old maize is steady with good quality making up to 6s Id on the Auckland wharf. Oat Market Steady The spot market for oats remains steady. A few small parcels of B Gartons and Algerians are reported to have been shipped to Australia from the South over the past week. A Gartons through store Auckland are quoted up to 5s Id, with B’s 3d cheaper. Chaff meets with a steady sale on the spot, where stocks are inclined to be U£ ht - Ample supplies are due next week. Through store Auckland merchants ask £9 10s a ton. Wheat has eased Jd in the South, with the market still registering a downward tendency. Through store on the spot quotations hold with best quality fowlwheat quoted up to 5s 8d a bushel. Ample Stocks of Pollard A rise of £1 a ton in the price of pollard was announced by Auckland millers over the week. This will bring the price of the Auckland product considerably nearer the Australian parity. Stocks on the spot supplemented by the arrival of the Australian shipment earlier Vt th ? week are ample for present needs. Merchants’ quotations are steady around bran f ° r pollard and 8s 6d a cwt for Produce Boat Movements , T i ie Waitomo left Lyttelton for Auckland direct on Wednesday evening and is due here to-morrow. The Wingatui, from Dunedin and Oarnaru, left Timaru at midnight on Wednesday for Wellington and Auckland and is due here on Tuesday. The Kurow commences loading at the Bluffy on Tuesday, thence Port Craig, Dunedin, Wellington and Plcton. The ve ssel is due at Auckland about July 20 The Waipiata started loading at Dunedin to-day for the North. The vessel ““S cargo at Oarnaru, Timaru, Lyttelton, VVellington and Napier, and is due here about Monday week. r The Katoa left Auckland on Wednesday night for the South to start loading for the North. From Sydney with Australian produce the Ulimaroa is due here on Tuesday next. The Marama is due from the same quarter on the following Tuesday.