COMMERCIAL NEWS.

Ashburton Guardian, Volume XLV, Issue 10384, 1 May 1925, Page 6

COMMERCIAL NEWS.

GRAIN AND PRODUCE.

ASHBURTON MARKET REPORT. The most noteworthy feature of the week is the agreement between the Government, the farmers and the millers regarding wheat prices. Farmers have been releasing much of the grain since, and brisk business has been done. The prices are: Tuscan 6s Bd, Hunters 6s lOd, Pearl 7s, a bushel, f.o.b. Oats.—These have shown no further casing. There is little movement in the market. Prices are: Gartens: A grade 3s 7d and 3s 8d per bushel; B grade, 3s 2d, and 3s 3d. Duns: Good heavy dark samples, 3s 9d; light, 3s to 3s 6d. Algerians: Bright, 2s 9d and 2s lOd; feed, 2s 6d to 2s 9d. Chaff.—Good bright quality brings £3 15s to £4 for prompt delivery. Light and discoloured samples arc worth £3 on trucks.

Ryegrass. Business in Western Worths and Italian has finished. The demand for perennial will recover in the spring. Barley.—Prices are: Malting quality, ss; inferior lines, 4s. Partridge Peas. —Good lines fetch 5s a and undergrade 4s. There is little demand.

Potatoes.—The glut on the market is practically over, and prices remain the same. Good table quality is worth £3 10.3 on trucks.

Linseed.—The ruling price to farmers is £l7 10s a ton. Cocksfoot.—The market remains dull. Prices are 6d and 7d per lb.

TIMARU MARKETS

TIMARU, April 30

Business on the local grain and produce market has been slack during the week, the increase in the price of wheat during the week-end being the chief topic of conversation. Millers have increased their prices by 5d per bushel, makine present quotations: Tuscan 6s Bd, Hunters 6s lOd, and Velvet 7s per bushel. At this price large quantities have changed hands, and except in isolated cases, growers seem satisfied with these figures and are prepared to sell. Fowl wheat is dearer in sympathy ' with milling wheat, and may be quoted at 6s 7d per bushel, f.o.b. Oats are weaker owing to the poor demand from the North Island. publication of the Government Statistician's figures has apparently satis-] fied merchants that oats are available in sufficient quantities in the country to suit all normal requirements. B grade Gartons have receded Id and are now quoted at 4s Id per bushel, f.0.b., sacks in. The A grade, is worth 4s 6d per bushel, f.0.b., sacks in. The bulk of the oats offering in the district are under grade, and light samples are worth 3s to 3s 3d per bushel on trucks. Potatoes are still in over-supply and have weakened in consequence. To-day's best offers are: Whites £4, Reds £3 per ton. Linseed is easier, £l7 per ton on trucks being the limit to-day. Good bright chaff is not offering very freely, the bulk of the offering being f.a.q. and inferior. Good, bright samples are worth £3 10s per ton. Chevalier barley is required for pearling at 4s 6d per bushel on trucks. All ryegrass is .very dead and at present merchants are well stocked. Nominal quotations stand at 2s 6d to 3s for perennial and Italian. AUCKLAND MARKETS. AUCKLAND, April 30. A review of this month's trading reveals a very substantial and gratifying improvement in practically all classes of business. Many factors have contributed to this. During March, owing to the annual bank balancing and the majority, of the storekeepers stocktaking, retail stocks were allowed to run down as low as possible, and the buying of necessities was very sparing, with a result that wholesalers experienced comparatively a "slow" month. With the late epidemic restrictions now being lifted, schools reopening, families in many cases returning after a long holiday, and the line weather conditions, such a strong all-round demand has arisen that merchants are hard put to it to cope with t orders.

Current prices are:—Flour £2O 15s per ton (less 2£ p.c. discount for 200 lb sacks), sharps £lO 10s ton, bran £9 10s ton, oatmeal, 25's, 35s per 1001 b. Grain, etc.—N.Z. feed B Cartons 5s 6d bushel, Algerian seed 5s 9d, maize 7s 3d bushel, wheat 9s 3d bushel, feed barley 7s bushel, Cap© seed barley 7s 3d bushel, maize meal 149 6d per 1001 b, Blenheim chaff £lO ton, Rangitikei £9 10s ton, local £9 10s ton, extra fine quality onions (southern) £ll to £ll 10s ton, potatoes (southern) £8 5s to £8 10s per ton. AUSTRALIAN MARKETS. SYDNEY, April 30. Oats—Tasmanian, Algerian, 3s 4d to 3s 6d; white 4s 6d bushel. Maize—3s lOd bushel. Potatoes—Tasmanian £7 to £9 ton. I Onions.—Victorian £l6, New Zealand £ls ton. ADELAIDE, April 30. . Oats—2s to 2s 3d per bushel. j !

THE STOCK MARKETS. CERALDINE. There was a good entry and a largo attendance at this week's stock sale at Geraldine, wlu>n prices obtained were as follows: Fat Lambs—l at 42s 6d, 92 at 40s 6d, 48 at 40s. 9 at 39s 9d, 47 at 3Ss 6d, 50 at 38s sd, 97 and 33 at 38s 4d, 44 at 38s 3d, 50 and 35 at 38s, 47 at 37s 9d, 05 at 37s 6d, 4S and 26 at 37s sd, 76 at 375, 53 at 36s lOd, 3 at 36s 6d, 20 at 35s lOd, 45 at 35s 6d, 114 at 35s sd, 19 at 34s 9d, 55 at 34 s 6d, 8 at 34s sd. 17 at 34s 3d, 23 at 33s 9d, 99 at 33s sd, 26 at 33s Id, 2 at 30s. Vnt Ewes—4 at 29s 7d, 5 at 29s 2d, 6 at ::°s sd, 20 and 19 at 28s 4d, 13 at 27s 9d, 22 at 27s 7d, 9 at 27s Id, 35, 12, 9 and 12 at 275. 15 at 26s sd, 40, 27, 20 and 5 at 265, 13 at 25s 6d, 4 at 25s sd, 44 at 25s Id, 15 at 255, 46 at 24s 9d, 4 at 24s Id, 34 at 245, 27 and 9 at 23s 6d,

24 at 235. Fat Wethers—lß at 38s, 200 at 35s 6d, 4at 34s 6d, 61 at 33s Bd, 71 at 33s 7d, 33 at 33s 2d, 23 at 30s 3d. Stores—Ewes, 140 at 33s 2d, 26 at 27s Id, 77 at 26s 3d, 40 and 12 at 22s 6d, 61 at 22s 3d, 72 at 20s 7d, 15 at 19s 6d, 12 at 18s 6d, 61 at 18s Id, 94 at 17s 9d, 58 at 15s 9d, 45 at 14s, 22 at 13s, culls, 3 at 12s, 56 at 8s 3d, 31 at 6s Id, 5 at 4s, 6 and 8-tooth ewes, 87 at 30s, f .m. ewes 27 at 22s 2d, 43 at 14s I 9d, 2-tooth wethers, 132 at 29s 9d. Cattle—Cows from 22s 6d to £5; Jersey cow, 17s 6d; heifers, 40s. Pigs.—Weaners, 10s 6d, lis 6d, 12s 6d. 13, 14s 6d, 15s and 16s. Horses—Draught gelding, 2yrs, £4O ; yearling ditto, £l9 and £2O; bav mares £3O and £35 10s; others at £24, £l9, and £l6.

LONDON TALLOW SALES. LONDON, April 29. At the tallow sales 850 casks were offered, and 142 casks were sold. Prime mutton made 45s 3d, medium 42s 6d; prime beef 44« 3d, medium 42s 3d per cwt.

1 CHICAGO WHEAT MARKET. CHICAGO, April 29. Wheat quotations are:—May, 152 cents; July, 141:! cents; September, 143} cents per bushel. AUSTRALIAN WOOL SALES. I PROBABLE CANCELLATION. MELBOURNE, April 30. Owing to the serious slump in values it is stated that the May wool sales Lhrouehoiit Australia probably will be •ancelled. |