HEALTHY CEREAL MARKET

Sun (Auckland), Volume III, Issue 634, 10 April 1929, Page 10

HEALTHY CEREAL MARKET

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Tuesday. The wheat market has quietened down, but sales have been made at recent values of 5s Sd a bushel on trucks. Up ! until a week ago reports of yields, although showing a remarkable variation, i tended toward a disappointing return, but mid-Canterbury yields have since come ; in and these have improved the position ! very materially. This improvement is ! emphasised by the fact that although the February threshings (as provided by I the statistician) recorded a S3-bushel i yield the worst return shows an improvement to 56.14 bushels. Generally, the : early yields decrease as the season advances, but so far the reverse movement has to be recorded. Reports from time to time have been depressing from the North Otago and South Canterburv areas, and it remains to be seen whether the decrease in these districts will affect the ultimate yield to any material extent For the four years 1925-1928 (inclusive) the Dominion average was 34.10 bushels, and taking in the extremely low vield of 1924 (24.01 bushels), the fivp-vearly average yield is 32.10 bushels. Although not up to the yield of the last two years the current crop is likely to be better than the five-year average. Oats are not attracting much notice and few are offering. The reduction in freight rates to London gave some hope of an export business. Inquiries have been made, but values are well ahead of the London parity, from 2s 9d to 2s TOd on trucks for A Gartons being quoted, B’s, 2s 6d to 2s 7d. The potato market is inclined to be easier, but there is little change is values. “Prompt” deliverv is quoted at £5 2s 6d, f.0.b., s.i., but 'the £4 on trucks has not been broken. For f.0.b., s i., April £5 is quoted. The past six weeks have been exceptionally favourable to potato growth and improved yields are probable, but against this blight is reported to have caused some losses. The Partridge peas market is verv dull It is reported that some business has been done with the Old Country at 5s Od fob which_ brings the on-truck values to'less than 5«, which figure growers are disinclined to break. There is no change to report in the small seeds market. & THE LONDON MARKETS METALS, WHEAT AND APPLES (Australian and N.Z. Press Association) LONDON, Monday. (Quotations on April 4 in parentheses ) Copper.—Spot, £SS 2s 6d (£B9 Ss9d>three months £B7 Ss 9d (£S9 13s 9d) * Electrolytic Copper.— Spot. £304 (£3.04)three months, £307 30s (£108) 1 ' Wire Bars.—£lo7 (£308). Lead.—Spot, £24 38s 9d (£25 T7s 6d); three months, £24 36s ?,d (£25 17s 6d) Spelter.—Spot, £26 37s 6d (£27 ss)three months, £26 35s (£27 2s id) Tin.—;Spot, £216 3s 9d (£2is''ll's 3d): th X.?. e months, £23 6 32s 6d (£238 ISs 9d) Silver.—Standard. 25 13-16 d (25 7-8 d) an oz; fine, 27 7-Sd (27 15-16 d). WHEAT Wheat cargoes are dull and mostlv 3d down. Parcels are in small demand at a. similar decline. Liverpool futures: May Ss 9 3-Sd a cental; July, 9s lid; October, 9s OJd. NEW ZEALAND APPLES 1 New Zealand apples to hand by the Port Alma and. Port Caroline realised 1 the following prices: Cox’s, 20s to 25s- < Worcesters, Dunns and Alfristons, 32s to 14s. Pears in trays (Beurredeil), 5s to 7s 6d. < BRADFORD TOPS The Bradford tops market is extremelv 1 dull. Inquiries are negligible. LAMB FOR EXPORT PRICES “ON THE HOOKS” WELLINGTON, Tuesday. < The New Zealand Meat Producers’ 1 Board advises that the following prices were being offered for fat stock for export at April 8: Canterbury.—Prime woolly lambs, 361 b - and under, 9id a lb; 371 b to 421 b, Std; 431 b 1 and over, 8d; second quality lambs, Sid. < Southland.—Prime woolly lambs, 361 b j and under, 9£d; 371 bto 421 b, B£d; 431 b and G over, 72d; second quality lambs, 361 b and v under, Sid; over 361 b, 7.]d.

MINING NEWS Alburnia.—-The manager wired yesterday as follows:—“Secured 61b picked stone from the drive in the north footwall branch of Orlando lode."