COMMERCIAL NEWS.

Ashburton Guardian, Volume XLVI, Issue 10415, 5 June 1925, Page 2

COMMERCIAL NEWS.

GRAIN AND PRODUCE. ASHBURTON MARKET REPORT. "The mid-week holiday has had a chilling effect on the business this week, and little has been passing. The market remains much the same. Practically all the wheat is in merchants' or millers' hands l .

Oats. —A grade Gartons bring up to 3s 6d a bushel, and B grade from 3s 3d to 3s 4d. Good heavy dark Duns are worth from 3s 6d to 3s Bd, and 1 light from 3s to 3s 6d. Bright Algerians bring 2s lOd, and feed lines 2s 6d to 2s 9d.

Chaff. —Good bright quality is very scarce, and brings £3 15s to £4 for prompt delivery. Light and discoloured lines, which are plentiful, are worth £3 on trucks.

Potatoes. —Very few lines have been sold this week, and the market seems to be over-supplied. Prices are practically the same as last week, namely, f.a.q. whites and Dakotas £3 10s a ton, sacks supplied by buyers. Partridge Peas. —Prices for good quality range up to 5s a bushel. Undergrade brings 4s. Cocksfoot. —The market remains firm, the range of prices being from s|d to 6Jd per lb. Ryegrass.—The firmness in the market continues, owing to an Australian demand for perennial. There is no demand whatever for Italian and Western Worths.

Barley.—Prices remain the same. Malting quality 5s a bushel, and undergrade 4s. Linseed.—The ruling price is abotit £l7 a ton.

AUCKLAND MARKETS

AUCKLAND, June 4. Another good supply of potatoes ar rived by the Kaikorai and Katoa. but operations on the wharf were delayed by the bad weather, and most buyers will have to wait until Thursday for their supplies. The quality has so far been very good in all Canterbury potatoes arriving, and the quotation is unchanged at 7s 9d per cwt ex store. Although most of the larger buyers are this week taking atWantage of the lower quotation for delivery direct from the wharf, the reported! export demand has made no impression on the market here. A small lot of MeHxrarne onions that arrived last week is selling very well at 20s per cwt, and regular importations will continue as long as the quality keeps up, after which supplies will have to be drawn from the Northern Hemisphere. Normal quantities of oats are arriving, and a fair demand is being met at 5s 6d per bushel ex store for white kinds. A good deal is offering in the south.

Southern chaff is selling at 10s per cwt ex store, but great care is being taken in regard to quality, and there are complaints that the grading of some has apparently been conducted very leniently. Very little is arriving from Rangitikei or Hawke's Bay, but a fair amount of local is selling, any that is well saved! realising 9s 6d per cwt ex store.

Some nice samples of Australian wheat have arrived, the grain being small and hard, with no sign of weevile. Merchants are asking 8s 6d per bushel ex store for this, against 9s per bushel for southern.

Both bran and pollard are now arriving from Australia m ample quantities,but the high cost is very severely restricting the sale, so that industries are working under an unfortunate handicap this winter.

The maize market is firm at 6s lOd per bushel on the wharf for wholesale lines of East Coast maize, and Australian is also available at a little less money.

TIMARU MARKETS. IFIMARU, June 4. Business has continued steady in the local grain and produce market during the week. There is little fresh to report concerning wheat. Some millers have sufficient supplies on hand and some are a little short. All good average lines command a good price, and in some cases a little extra is paid for extra good quality. There is a good demand for fowl wheat at the same price as milling Tuscan, the current price being 6s 7d and 6s 8d per bushel. A good deal of Australian fowl wheat has been landed, but prices in Australia are now higher, and this may check importation. i A and B grade oats have for some! reason firmed a little, and are selling at 4s 2d to 4s 3d per bushel, which is equal to 3s 4d to 3s 5d per bushel on trucks to farmers. Business has been confined, however, principally to paper transactions between speculators. Good heavy dark Duns are required at up to 3s 9d per bushel on trucks for good quality. Algerians are comparatively neglected.

Potatoes have been very dull, and prompt orders are difficult to obtain. The North Island at the moment is somewhat over-supplied. The nominal value for whites is £4 per ton. and for reds £3 10s.

Linseed remains steady at £l7 to £l7 5s per ton on trucks. There is an absence of speculation in this commodity.

Chaff has been dull, with poor sales, except for good varieties, which *are worth £4 2s 6d per ton on trucks. Inferior quality can be bought at down to £3 per ton. Cowgrass and clover are meeting with an improved demand. Clean lines of cowgrass are worth up to 9d per lb, and white clover to Is 3d. There has been very little barley offering, and good Chevalier is worth 4s 6d to 5s per bushel.

AUSTRALIAN REPORTS. SYDNEY, June 4. Oats—Tasmanian, Algerian 3s 8d; white, 4s 6d per bushel. Maize—Local, yellow 4s; white, 3s 9d per bushel; Queensland, white 3s lid per bushel. Potatoes —Tasmanian, £9 to £ll per ton. Onions—Victorian, £ls to £ls 10s per ton; New Zealand, £l4 10s per ton. ADELAIDE, June 4. Oats —2s to 2s 3d per bushel. THE WHEAT MARKETS. LONDON AND CHICAGO. LONDON, June 3. Wheat cargoes are dull.- North

Americans are offered more freely at lower rates. Parcels meet a poor inquiry at Is to Is 6d per quarter down. Liverpool quotations are:—July, 12s 4£d; October, lis per cental. NEW YORK, June 3. Chicago wheat quotations are:—July. J64J cents; September, 160 f cents; October, lis BJd per cental.