COMMERCIAL NEWS

Ashburton Guardian, Volume XLIV, Issue 9877, 26 July 1923, Page 8

COMMERCIAL NEWS

{Per Press Association, Copyright). V LONDON, July 24. Wheat cargoes are dull at 6d a quarter lower. _ . . Parcels are slow with Americans ud to 9d a quarter lower.

GRAIN AND PRODUCE.

LONDON REPORT.

THE RUSSIAN HARVEST

MOSCW, July 24. The Statistical Bureau estimates the harvest yield of wheat at three milliard poods and the available surplus at 500,000,000 poeds, of which 250,000,000 poods are earmarked for export. The harvest in the Ukraine is expected to yield. 800,000,000 poods, of which 100,'000,000 will be available for nrnort (A pood is equivalent to 36.11281 b.)

CHICAGO REPORT

JSVEW YORK, July 24. 'Chicago wheat prices continue to be July wheat is selling at 98 .cents a- bushel and September at 97 ,cents a bushel.

IMPORTED BRAN AND POLLARD

CHRISTCHURCH, This Day, At a meeting of the North C&n•tei’bury Farmers’ Union yesterday, Mr Mulholland brought up the question of the continuation of the restriction on the importation of bran and pollard. He stated that an Auckland movement had been started to have the embargo lifted. Mr MuHioirand .•said it was a serious matter to inter•fere with duties. There was a. custom’, he said, to agitate for the removal of • duty on an article whenever it be■came scarce. "Where there was a danger f .starvation resulting, unless the ►duty was removed, lie could understand the suggestion, but surely there was no necessity for such action in the instance-. He moved: While mot opposed do the lifting of the embargo against the Importation of bran and flour, in view of the present shortage, this branch emphatically -protests against any interfernce with The motion was seconded by Mr H. Oliver. . , , Mr Carpinter said that oats, when -crushed, made excellent feed for cattle and fowls, and should be used to a greater extent than they were at present, when large quantities were in stacks owing to their not being able do realise the cost of production. The motion was carried, with the deletion of the qualifying phrase.

" LIVE STOCK.

BURNSIDE. DUNEDIN, July 25. A feature of to-day’s sale at Burnsid 0 - was- the sharp rise which took place in fat cattle, but the prices realised must not be accepted as any indication of the market. Fat Sheep—3lo6 were penned, compared wit-li 1774 last w r eek, and 2434 a fortnight ago. A considerable proportion of the entry consisted of lightweights, and ewes were not so plentiful as at recent yardings. The demand was good for finished stock, and prices were firm at last week's top rates, with Is advance in some instances There was a slight easing tendency, however, towards the close of the sale. ".Several pens of extra heavy withers, •about 1101 b., were forward and these brought up to 6fd; prime quality handy weights from 7Jd to 7Jd; prime ewes to 6d; second quality ewes od to s,|d. Extra prime heavy-weight wethers realised up to 60s 3d, prime 44s to 47s 6d; medium 35s to 40s; light and unfinished sorts 31s to 335. Extra prime heavy-weight ewes realised up to 40s 9d; prime 30s to 35s 6d; medium .25s -to 28s; light and aged from 21s upwards. Fat Lambs—About 100 were forward, and brought from 20s 6d to 30s ’ a head. Fat Cattle—l 66 were yarded, com-

pared with 214 last week, 193 a fortnight ago, and *9 tliree weeks ago. Competition throughout was keen and prices reached the highest recorded since war values. One extra prime “heavy-weight bullock brought up to £3O/ Prime handy weight bullocks were sold on a* basis of 40s to 42s 6d per 1001 b; second quality ox beef to 355; good heifer beef to 32s 6d; and cow beef from 22s 6d to 28s. The entry was not sufficient for the butchers requirements. Store Cattle.—A medium yarding ot store cattle was offered, which included several pens of good 4 and 5-yi-old bullocks from Central Otago district. Many of tHt'se were purchased by butchers, best bullocks realising up to £7 5s a bead. A line of 3-yr-old bullocks realised up to £5 ss; 2-vr-old to £5; and good yearlings from £2 2s to £3 a head. Very few good cows and heifers were forward, and those offered sold at advanced rates. pbr S . The yarding of pigs was a one. There was a good demand, especially for prime baeoners, which realised enhanced prices. Values for prime baeoners were on a basis of /Id, and for prime porkers about 8d pei lb.

ADDINGTON. CHRISTCHURCH July 25. At Addington market, the bu.k ot the classes of stock met with a goon sale to-day, more particularly store and fat sheep, fat cattle, and fat

pigS. r ■ In store sheep, there was a fairsized varding, and a particularly goofdemand for ewe hoggets, forward weffiers and early lambing ewes Forwaid 4 and. 6-tooth wethers 36s 4d, forward 4 and 0-tooth wethers 355, 4 and btootS*. i -bred wethers 32s 5d to 32s 6d. 2 and 4-tooth £-bred wethers 23s 6d to 28s 7d, good 5-bred ewes hoggets 28s 7d to '29s Id, inferior ewe lioggets 245. #-!>red wether lioggets 22s 5d to 25s 7d, good crossbred 23s 2d to ~4s 2d, small f-bred 21s Id, good sound and failing-mouthed crossbred ewes 39s 6d, 4,6, and 8-tooth l-bred ewes 34s to 375, s “frond failing-moutlied ewes 26s to 30s, failing mouthed ewes 26s to 295.

In fat sheep there was a good yarding of nine racks and a- spirited market. Wethers made frotm 6|d to per lb, owes from 5d to Extra prime wethers 42s 6d to 455, a few special ss, prime 38s 6d to 425, medium 35s 6d to 38s, light 30s to 355, extra prime ewes 86s to 355, a few Special at 39s 3d, prime 33s to 35s 6d, medium 29s 6d to 32s 6d, light 26s to 295, inferior 23s 6d‘ to 25s 6d. In fat cattle 410 were penned, including a draft of 60 from the North Island which met with a. firmer sale, values being 15s to 20s better than last week. Special beef made to per 1001 b., prime 28s 6d to 31s 6d, medium 25s 6d to 28s, inferior 23s down to 15s per 1001 b. Extra prime steers £ls

to £l6 10s, prime £ll 15s to £l4 10s. medium £9 to £ll 10s, light £6 10s to £8 IBs, extra prime heifers £lO 12s 6d, prime £7 15s to £9 15s, ordinary £5 to £7 16s, extra prime cows £l9 17s 6d, prime £7 to £9, ordinary £4 to £6 15s. 'ln vealers, there was a large yarding Prices vcW easier tluVri last week. Runners £5 ss> good vealeTs £3 to £5, fair £1 15s to £2 ! Iss.‘ In store cattfo?, cows ■wei'd a Mile easier. Three-vp steels £4 liri_ to £5, 2-yr £2 10s to £3", yearlings 15s to £1

ss, 2-yr heifers 17s to £3; yearlings £1 5s to £1 cows c-4lvihg m spring £2 ss, good cows'£l 5s £1 is Gel. Dairy Cattle —SpriiigeYs . on calving, and in good clVffditiori practically the only class that .sold- up to late rates. Medium U/ good seoSriu, third and fourth calvers £stb'£9 Sri, extra good £l2 10s, smsn cows arid aged sorts, springing £1 10s to £4, springing heifers £2 10s to £6. In fat pigs there was a. sm'All e fitly with good demand. Prices had a. tefideney to improve. Choppers £$ 10s to £6 iß’s, light baconers £3 15# to £4 10s, heavy £5 to £5 10s. The atefage price per lb was 7d to 7?d,, light P- r .r ers £2" IGs to £2 15s, heavy £2 !7s 6d to £3 Rri, Average price pertlb 9d to 10HL , , For store pigs, the demand was easier than last week. Wean ers losrto 18s, slips 19s to 235, medium starts 28* to 37k..

FAT SHEEP FOR MELBOURNE;’

DUNEDIN, July 25

There is a prospect of a trade in fa£< sheep' being opened up between New Zealand and’ Melbourne. A consignment of about 300, sent by Mr J. A. Mathewson, will go forward to Melbourne- By the Moeraki, which will leave- liere- to-morrow. Some of the sheep were purchased * privately and the balance' at auction at Burnside today. Tlie.y~ are a particularly nice line of sheep, being prime fine crossbred and lialfbred wet hens, carrying . valuable skins. The consignment is estimated to kill" at seventy pounds. The prices realised! are considered very satisfactory..