TRADE IN PRODUCE

Sun (Auckland), Volume II, Issue 619, 22 March 1929, Page 10

TRADE IN PRODUCE

POTATO MARKET FIRM EARLY SHIPMENTS FROM SOUTH Sun Office, 9 a.m. A very firm tone in most sections, with merchants taking a greater interest in the future position, has been registered in grain, seed and produce circles during the week. A T the moment, Auckland, merchants ; are drawing limited supplies of ; potatoes from Pukekohe, the Manawatu, and the South. The market is j very firm, and spot stocks are oply 1 sufficient for immediate requirement.-, j Odd lines of fair quality tables b # : j still to be picked up in the Pukekohe district, but these are only a neg- j ligible quantity when it comes to coy- j ering the whole of Auckland’s re- j quirements. The same can be applied j to the Manawatu, which is supplying most of the Southern part of the j North Island at the moment. In the j South, the new crop is not quite ready. , and it is not expected that Auckland will be able to draw on there for all its requirements for another week or so yet. The Wingatui, which left Wellington last evening after loading at Southern ports, will bring the first substantial shipment of Southern tubers this season. These will come to a practically bare market, however, and it is not expected that present prices will show much of a reduction until after Easter, when present forward quota - j tions indicate a through store meri chants’ Auckland price of from 8s to I 9s a cwt. ! At the moment, Auckland merchants I are asking 10s to I.ls a cwt., through store, for Pukekohe and Manawatu I potatoes, and up to 12s 6d a cwt. for I Southern potatoes. ' Onion Market Firmer I A decidedly firmer tone in the mar- • ket for onions has been registered over the past few days. This has been brought about largely by an increased ! inquiry for export, giving growers conj fidence to hold for better prices. A fairly substantial consignment is re- ‘ ported to have been shipped in the | South during the week for the Austra- | lian market, while orders have also I' been placed in Auckland for early shipment to those shores. The spot market has advanced fully £1 a ton during the week, and merI chants to-day ask 9s a cwt. through I store. | Little Movement in Cereals

The cereal market is quiet, but steady trading is reported with most lines. Oats are steady, recent firmer rates being well maintained. B Gartons are selling through store, Auckland, at 4s sd, with A’s 3d dearer. Chaff sells at the unaltered quotation of £9 10s a ton, through store, for good, bright samples. The market for wheat is very firm, with supplies in the Sov.Vi strongly held. The outlook for maize is unaltered. With the new crop little more than three months off, the market shows no signs of strengthening. The Southern parts of the province continue to draw their requirements from the Bay of Plenty, while Gisborne is meeting Auckland’s needs at 5s 3d a bushel. Heavy Trading in Seeds The recent rains, which have been fairly general throughout the province, have strengthened the inquiry for grass and clover seeds, and merchants report a considerable increase in actual deliveries to farmers over the week. Fertilisers for autumn top-dressing purposes arc moving out in heavy quantities, merchants still experiences' difficulty in coping with demands for immediate delivery.

AUSTRALIAN PRODUCE f Australian and N.Z. Press Association) SYDNEY, Thursday, following are to-day’s quotations on the Sydney produce market: Wheat.—Country stations, 4s Oid; ex trucks, Sydney, 4s 7id. Flour.— £ll 10s. Potatoes.—Tasmanian, £l3 to £ls; Victorian, £l2 to £l3. Onions.—Victorian, Brown Spanish, £lO 10s; New Zealand, £ll. Oats.—Algerian white, 4s 6d. Adelaide prices are: Wheat.—Growers’ lots, 4s 6d to Is 7u. Flour.—Bakers’ Jots, £lO 12s 6d. Bran.— £6. Pollard.— £6 7s 6d. Oats.—2s 6d to 2s Sd. Ilecd. 10.20 a.m. MELBOURNE, To-day. To-day’s quotations:— Wheat—4s 9’d. Flour—£ll to £3l ss. Bran—£6 15s. Pollard —£6 15s. Oats—2s 7d to 2s Sd. Barley—English, 4s to -is 3d. Maize—ss. BANK OF ENGLAND RETURN The following is the Bank of England return:— ISSUE DEPARTMENT

PUKEKOHE STOCK SALE (From, Our Own Correspondent) PUKEKOHE, Thursday. There was only an average yarding of stock and pigs at Alfred Buckland and tions* are’- 6 at Pukekohe to-day. QuotaDairy: Best springing heifers and cows, £ll to £ls 15s; others. £7 to £lO 10s; inferior and backward, £4 10s to £6 10s! Beef: Steers, £9 17s 6d to £l3; best cows and heifers, £S 10s to £9 15s; lighter cows, up to £8 2s 6d. Stores: Cows. £2 5s to £3 15s; 3i to 4-year steers. £S 14s to £9 12s: yearling to eighteen-months heifers. £4 5s to £5- 10s; bulls, £3 17s 6d to £S 12s 6d, according to weight. Pigs: Choppers, £1 5s to £2 12s 6d; heavy prime baconers, £3 12s to £3 17s: light and medium baconers, £2 17s to £3 Ss; heavy porkers, £2 Ss to £2 14s; light and medium, £1 ISs to £2 3s; small and unfinished. £1 4s to £1 13s; best stores, 32s to ISs; slips, 7s to 9s; suckers and weaners, Is to ss.

£ Notes issued 412,448,000 Government debt 11,015,000 Other Govt, securities .. .. 255,072,000 Other securities 0,083.000 Silver coin 4,S30,000 Gold coin and bullion 152,443,000 BANKING DEPARTMENT Proprietors’ capital 14,553,000 Rest 3,768,000 Public deposits 19,424,000 Other deposits 99,594,000 Seven-day and other bills . . 2,500 Government securities 47,917,000 Other securities 30,468,000 Notes 58,574,000 Coin 383,000 The proportion of reserves to liabilities is 49.50 per cent. Short loans are quoted at 4j per cent., and three months bills at 5 11-32 per cent.