TRADE IN PRODUCE

Sun (Auckland), Volume III, Issue 791, 11 October 1929, Page 10

TRADE IN PRODUCE

POTATO MARKET QUIET NEW TUBERS AVAILABLE SOON The Sun Office, 9 a.m. With the speculative element almost, entirely removed from the spot potato market, trade in grain, seed and produce circles over the past week has been quiet. Attention is still .argely centred on potatoes which have moved up practically £2 a ton over the past seven days. • At the moment spot stocks are not ; heavy, and any tubers held have to be : constantly picked over. A small quani tity of new season's potatoes reach i the marts every day now and it is ' expected that the local market will be drawing practically the whole of its requirements from Auckland fields within the next three weeks. The rains over the past week should help this along. Having this in mind merchants are not prepared to carry heavy stocks of Southern tubers, and are buying from hand to mouth at the moment. Last week it was easy enough to predict a rise in the market, but this week the outlook presents a very different appearance, and it is very difficult to forecast prices over the next two or three weeks with any degree of confidence. Business in seed potatoes is practically finished meantime. Onion Market Steady The position in regard to onions is practically unchanged. Most of the recent shipments from Pacific Slope i ports went into consumption direct j from the ships’ sides. At the moment j merchants are carrying limited stocks, | and indications are that they will have ' sufficient to carry them on until the end of the month when further lots : are expected. Merchants ask from 10s to 20s for crates, and Is less for bags. | Bran is still difficult to obtain in j supplies sufficient for present require- ! ments, but ample stocks of pollard are available and selling through rneri chants’ store at up to 10s 9d a cwt. I The wheat market is stationary, j with Auckland merchants’ through j store price unchanged at around 7s 9d | a bushel. Tasmanian Chaff Disappointing [ The recent shipment of Tasmanian ' chaff proved disappointing from the ! point of view of quality. It was not j as bright, nor was it as well cut as the j Southern; in addition it was contained !in poor quality hessian bags which j had no resale value. A boat has been fixed to load a further shipment of i Tasmanian chaff within the next fortnight. j Through store Auckland merchants ask up to £lO 10s a ton for Southern, 'and 15s to £ 1 a ton less for Tasman - ; ian chaff. ! The oat market is unchanged, with A Gartons selling around 4s 9d a 1 bushel. j While steady retail business is being ' transacted in maize, there is little ' doing in the wholesale trade. Mer- ! chants are still taking delivery of forj ward commitment lots from Gisborne, l but practically no prompt business is j taking place between that port and Auckland at the moment. Business I by direct rail from the Bay of Plenty • stations is accounting for most of the South Auckland requirements. Through store Auckland merchants j ask 6s 6d a bushel. The f.o.r. Bay of ; Plenty price is fairly stationary around ! 5s 3d a bushel, prices varying slightly 1 according to the size of the parcel. Produce Boat Movements j The Kurow, from Bluff, Dunedin, j Timaru, Lyttelton, Wellington and ! Napier, arrived here this morning, i The vessel completes discharge and, after loading, sails on Monday for Wellington, Lyttelton, Dunedin and Bluff.

The Waipiata left Dunedin last ! evening for Timaru, Lyttelton, Wellington and Auckland, and is due here ! about Friday next. The Wingatui loads at Dunedin on Thursday next, thence Oamaru, Timaru, Lyttelton and Wellington for 1 Auckland. The Kaikorai loads at Edithburg today. Wallaroo Monday, Adelaide Wednesday and Melbourne on Friday, after which she sails for Auckland, where she is due about October 26. The Kaitangata loads at Devonport | (Tasmania) early next week for Auckland. The vessel is due here the fol- : lowing week. ' LONDON DAIRY MARKET COLONIAL BUTTER FIRM i Australian and N.Z. Press Association j Reed. 10 a.m. LONDON, Thursday. Danish butter has declined to 195 s and i is steady at the lower level, j Colonial butter is firm—choicest salted i New Zealand, lS2s to lS4s; Australian, 176 s to 178 s. Unsalteds are very scarce. Nominal quotations:—New Zealand and Australian, 185 s to 190 s. Cheese is steady—New Zealand, 94s to 955. MERCHANTS’ REPORTS Merchants report receipt of overseas cables as follow: Amalgamated Dairies, from its London office: —“Butter: Our prices I unchanged; Anchor, lS4s; market continues very quiet, but generally firm; Danish butter now 192 s f.o.b. Cheese: j White, 955: coloured, 945; market still very quiet.” i NEW EXCHANGE RATES LONDON ON NEW ZEALAND 1 Australian and N’.Z. Press Association Reed. 10 a.m. LONDON, Thursday. The Associated Banks of Australia and New Zealand announce that from October 1 1 the selling rates on New Zealand drafts and mail transfers will be 25s per cent, discount; cable tarnsfers, 2C's percent. discount. The rates for purchasing documentary 1 bills on New Zealand will be:—Sight, 45s ; per cent, discount; 30 days, 46s 3d per » cent, discount: sixty days, 67s 6d per cent. ! discount; ninety clays, ISs Ud per cent, j discount. MATAMATA STOCK SALE ; Dalgciy and Company, Ltd., report j having held a stock sale at Matamata ion Wednesday. There was a good yarding of all classes of stock and market ! rates were obtained. Heavy fat cows made up to £l2 12s Cd; medium weight fat cows, £8 to £lO 10s; light cows and heifers, £6 15s to £7 15s; store cows. £4 2s Cd to £G; empty Jersey cross heifers, £5 12s; yearling Holstein steers. £6; Shorthorn ditto, £6 Is; yearling Jersey heifers, small, £4 19s, Jersey calves, £2 lls; grade Jersey bulls, £ls: Shorthorn bulls, £l4; potter bulls, £5: yearling Jersey bulls, £5 ss. Best dairy heifers, £l2 to £l3 15s; ordinary heifers, £9 to £lO 10s; best cows, £lO to £ll 10s; medium baconers, £3 10s to £3 18s: medium porkers, £2 16s to £3 ss; good stores, £2 7s to £2 12s; slips, £1 IGs 6d to £2; best weaners, £1 Ss to £*l lls. COMPANY REGISTRATIONS f company "recently registered at Auckland: — Northern Securities. Ltd.: Capital. £IOO, divided into £1 shares. Objects, land and general commission agents, auctioneers, etc.. Subscribers: Alma Mce, 50 shares: I Charles Simpson, 50 shares.