TRADE IN PRODUCE

Sun (Auckland), Volume III, Issue 761, 6 September 1929, Page 10

TRADE IN PRODUCE

CHEAPER POTATOES SPOT STOCKS HEAVY Sun Office, 9 a.m. The easier tone in the market J for potatoes has been the princi* ) pal topic of conversation in grain, | seed, and produce circles during the past few days. The market on the spot has slumped practically 30s over the week. Heavy arrivals during the week, bringing almost sufficient potatoes to carry the market on till the end of, the month have been the principal con- ; i tributors to the weakness in the posi- \ tlon. Again, there has been a general ! i loss of strength all over the Dominion, ! ; and arrivals this week were made up i ot a big percentage of consignments { from punters who have been caught with too many on their hands, and j have shipped North with the idea that I Auckland offers the best market on ! which to unload. As a result, it ap- ! pears as if fairly large quantities will j have to go into storage. Luckily for j sellers, the first of the week’s arrivals I found a practically bare market. The Future Position The position in the South is i that the market has a decidedly weaker ; tone meantime, but, exactly what the I future has in store, is hard to arrive] at. Opinions differ. In some quarters ] it is held that the market is at its ! lowest ebb: in others, it is leit fiat, j there are more tubers held down 'here j i than was originally thought; if this 1 j Is the case even lower values will rule. : It is interesting to remember that j nt about this time last year good tables j | were offered at £5 3 ss. f.0.b.. in the j j South, but that by the end of Septem- i i her the market had jumped to nearly i ; £ 12, f.o.b. I A sudden increase in the demand aor ; j seed potatoes has almost cleaned •ip j supplies on the spot, and sonic nier- J ! chants report that they are right out : !of certain varieties. Orders \oi iini' mediate shipment have been sent South, but no further consignment* , can be expected till nearly the end of ! the month. ! An interesting development over the j week has been the report from Pukej kohe that, owing to frosts and unfav- ; Durable weather conditions, supplies sufficient to keep the Auckland market going cannot be expected till nearly the middle of November tliis year Thus it appears that the South' will he drawn on for almost ten weeks yet. The market is well supplied with j onions at the moment, and trade is being transacted in Canterbury's, Japanese and Americans. The quality is mixed, and most lots need constant attention and picking over. There arc a fair number of inferior-quality onions about, and merchants are prepared to quit these at comparatively low; prices. Best quality are offered through merchants’ stores at up to 17s : 6d a case or bag. The cereal market is quiet, but prices 1 for most grains remain firm The ’ market for wheat is unchanged, with merchants asking up to 7s 9d through ; store for small parcels. The pool has the position well in hand at the moment, and there is practically no free wheat about. Oats also sell ;it late rates; through store Auckland, merchants ask up to 4s 9d a bushel Cor B Gartens.

The chaff market is unchanged. Although orders have been placed it: Tasmania for delivery toward the end of this month, there has been no indication of an ea.sing of the position in the South. Supplies are evidently not plentiful. On the spot quotations range up to £lO 10s through merchants’ stores. No Life In Maize Market There is no life in the maize, market. The market is being supplied mostly with forward delivery lots bought on a basis of 5s 4d Gisborne. Little buying for immediate delivery has taken p ace over the past month. In some quarters it is held that the market will be somewhat higher from January onward next year, and one or two sales for spread delivery from January to March have been recorded on a basis of 5s 7d f.o.b. Gisborne. It is held hat, as there lias been so much maize sold for delivery up to the end of October supplies will be somewhat short early next year. Bran is giving merchants considerable concern in the fact that they e.mnot obtain supplies sufficient for ordinary' requirements. Ample supplies of i pollard are available. Heavy trading is reported in top--1 dressing manures. Prod uce Eoat Movements The Waipiata left Auckland last Tuesday for Southern ports. She. mads at the Bluff next Thursday, thence Dunedin Timaru. Lyttelton and \ 'e.lington. Coi- Auckland. The vessel is due here about the 32nd inst. The Katoa left Dunedin last evening. via Oagiaru. Timaru. Lyttelton and Wellington, for Auckland. The vessel is due here on Monday v-eek. The Kurow. which left Portland ;ast evening for Wellington and Lyttelton, loads at the latter port about the middle of next week, and filling up probably at Wellington and Pic ton for A uekland. The Wjngatui arrived at Auckland yesterday afternoon from Southern D its. After discharge she loads here and sails on Monday for Wellington’ ! Lyttelton Dunedin and Timaru. Tlie Kaitanga ta. from Adelaide Edith burg. Melbourne and Hobart, arrived at Timaru yesterday, and ln.ior j proceeds to Lyttelton. Wellington and ! Auckland to complete discharge.

LONDON BUTTER MARKET

VALUES REPORTED FIRMER • *A nxtralia.it and X.Z. Press Association) i Reed. 1] a.m. LONDON', Thursday. i Butter values are firmer—Danish j ls4s: choicest salted New Zealand ITUs Ito 1,8 s; exceptionally fine quality I 130 s: Australian 172 to 1745. Unsalted j butter is from 2s to 4s less than these J prices. ' ' Cheese is quiet—New Zealand, white . Sts: coloured, Sis: Australian is I cleared. MERCHANTS’ REPORTS Merchants report receipt ol' the following overseas cables: Joseph Nathan, from Trengrou.se and Nathan. London: •'Butter. 17 7s: first 1 i grade 4s discount. Cheese, white. 935: I coloured. 9 ks. Both markets quiet.” I Amalgamated Dairies. Limited, from the London office. dated September s:—“Butter: Our price. unchanged • (Anchor. 180s>: market very quiet., Danish. 179 s f.o.b. Cheese: White, DCs; coloured. 955: market quiet.” Andrew Clement and Sons. Ltd., from tho .London office, dated September —-Butter: Quiet. 17fis to 1735. j Cheese: Quiet. 92s to 945/’ CONSOLS AND COLONIAL STOCKS

Reed. 9.C5 a.m. LO.VDC >X. Thursdav pt. 3 Alls'. 29 1 Consols', 2i per -em. r>3 Fund. Ln., 4, 1 9GO-DO vi 5 3 l 0 5 85 ,, ’ 'Var Loan, o. 1920-47 TOO 7 7 101 2 6 Conversion Loan, ;C 72 10 73 0 0 ! Victory Bonds . . . . 91 10 Com.'w’Jth, G.;. 1 :*22-7 94 10 Ditto. 6. 1931-41 .. 100 too 5 New Zealand. 4. 1929 joo 13 100 10 Ditto, :•:. 1940 10 Ditto, 3, 1945 .. .. 7-'. Ditto. 6. 1936-31 .. 10U 10 0 103 s 2 G ;