COMMERCIAL NEWS

Ashburton Guardian, Volume XLV, Issue 10179, 9 August 1924, Page 8

COMMERCIAL NEWS

GRAIN AND PRODUCt

TIMARU MARKETS

TIMARU, August 8

The position in the grain market in Timaru is much the same as it was last week, prices remaining practically unchanged. The demand for fowl wheat has eased to some extent. Prices to growers are os 6d per bushel on trucks. Gai'ton oats are worth 5s to 5s 3d per bushel on trucks, - according to The price of potatoes advanced during the week, but has receded and values are now normal. Whites are quoted at £4 10s and reds at £3 10s P6 ohaff is quoted at from £6 15s to £7 per ton on trucks. Owing to the dry weather the demand for this line is inconsiderable, farmers endeavouring as far as possiblo to do without having .course to artificial feeding. Linseed is steady at £l7 per ton on trucks for f.a.q. Under-grade qualities are correspondingly lower in prices.

LONDON MARKETS. LONDON August 7. Oats, peas and beans ae quiet, and field at late prices. Sugar—Granulated, 37s per cwt. DAIRY PRODUCE. LONDON QUOTATIONS. LONDON August 7. The butter market is firm, and supplies are selling well. New Zealand choicest salted, 196 s to 198 s; Australian, 188 sto 190 s per cwt. Unsalted is very scarce, and the few lots available are making about 10s premium. Danish is hardening and is quoted at about 210 s. Siberian butters are arriving freely, mostly excellent in condition and quality and are selling at 160 s to 170 s, with some inferiors at 150 s per cwt.

Cheese is very firm; New Zealand white 94s to 965; coloured 90s.

THE WOOL TRADE. BRADFORD MARKET. LONDON August 7. The Bradford tops market is doing fair business, with prices showing an upward tendency for merinos, but only a slight improvement for cross-breds. Quotations are : 64’s, 72d ; 60’s, 69d; 56’s, 47d ; 50’s 33§d; 46’s, 27d; 40’s 26d per lb.

LAMBING IN NEW SOUTH WALES. SYDNEY, August 8. The official lambing estimate shows that at the end of 1923 there were 18,564,000 ewes in New South Wales, of which 11,50'2,000 wjere mated for autumn and winter lambing. From autumn lambing the number expected Is 2,955,009, and from winter lambing 4,471,000 lambs, averaging about 65 per cent, of the lambs dropped—the best average since 1911. From spring lambings the markings are expected to total 3,301,000 or 70 per cent, of droppings, . which is a record.

The high averages are due to a favourable season generally and a decrease in the prevalence of pests.

LONDON WHEAT REPORT

’ LONDDN August 7. Wheat cargoes are neglected and unchanged. Parcels are steadier, with an improved inquiry. Spot trade is quiet. Australian, ex store, 59s fid per quarter. Flour is steady and unchanged.

STOCK AND PRODUCE MARKETS

In all departments of the stock and produce sales yesterday, except poultry, there were small entries. Little fruit and vegetables were offering, and the price for apples advanced appreciably. There were only a few bidders around the poultry pens, but a good sale resulted. The following prices were secured:

Pigs.—Weaners, 14s to 18s 6d ; stores, .32s to 425; porkers. 50s to 55s 6d. Poultry.—Hen3, from 2s to 4s 6d; roosters, 4s to 8s sd; ducks, 8s to 8s 6d; geese, 8s 6d—all at per pair; hen and chicks, IDs 6d. Fruit. —Apples, cooking 9s and 10s, •dessert 12s 6d.

Vegetables.—Potatoes, 10s per bag; parsnips, 4s per sugar bag; carrots, 5s ; 8d per sack. Produce. —A quantity of beef was sold in lots ranging from 4d to 7d per lb.

GREY VALLEY COLLIERIES, LTD

Grey Valley Collieries, Ltd., went to allotment on Friday, -the minimum subscription of 20,000 £1 shares having been considerably exceeded. The development of the property is proceeding under the supervision of the manager, Mi 1 Walter Leitch.