COMMERCIAL NEWS

Ashburton Guardian, Volume 48, Issue 77, 11 January 1928, Page 7

COMMERCIAL NEWS

TINWALD STOCK SALE. LAMBS AND STORE SHEEP; Prices at the Tinwald stock sale, additional to those published in the "Guardian" yesterday, are as follow: Lambs.—lo at 29s 6d, 14 at 27s' 4d, 53 at 26s 2d, 38 at 30s 6d, 21 at 29s 4d. 53 at 26s sd. Stores.—Out of the 717 offered, 431 were passed in. The sales made were: 23 2-tooth half bred wethers at 22s sd, 40 failing-mouth |-bred ewes and 40 lambs at 18s, 79 rape lambs at 25s Id, 187 m.s. |-bred lambs at 17s 7d. GRAIN AND PRODUCE. 1 CHRISTCHURCH MARKETS. (Per Press Association.) CHRISTCHURCH, This Day. Business in the grain and produce market is now settling down to normal after the holidays, though there is not a great deal doing. During the past few days there has been considerable inquiry for fowl wheat for prompt de- : livery, and sales have been made on a basis of 6s lOd to 6s lid a bushel, f.0.b., s.i. As far as the forward buying of new season's wheat is concerned there is not much business being done. The price that is being quoted is from 5s 8d to 5s 9d a bushel on trucks. MillQi's have already bought some wheat forward ai this price,.T>ut they dry ViGo seem to be very keen tx} make further purchases. Indeed, growers appear to be more anxious to sell than the millers are to buy. The caution, of the millers is explained on the ground that they are not certain that the price of wheat will be maintained at 5s 9d. Further, there will be a fairly large carry-over of old season's wheat and flour. Millers are not anxiously waiting for the new season's crop as was the case last year. Inquiries are being received from the North Island for old season's chaff and oats, but little interest is being taken in the forward buying of new season's oats. The experience of merchants last season is making them wary of dealing extensively in oats. A large quantity of oats was bought at a low price last year, but, in spite of this, merchants had difficulty in quitting their purchases at a profit. No new season's oats have yet come forward to themarket.

Auckland is inquiring for potatoes for March delivery. Reports are to the effect that there will be a shortage of potatoes in Auckland this year owinf to the comparative failure of the Pukekohe crops. For March delivery local merchants are offering growers £4 a ton on trucks, and for April-May-June delivery the price is £3 10s. The potato crops in Canterbury are reported to be looking well, but of course it is still too early to forecast how they will turn out. Present indications are for a satisfactory yield. The onion crops, on the other hand, are not doing too well. The weather during the past few weeks has not been satisfactory for onionvs, and they have not bulbed well. Therefore it. is expected that the main onion crop will be later than usual this season. The forward prire'for onions is £4 10s a ton on trucks, March-April delivery. The following are quotations for proluce, to be paid to farmers, sacks extra except where otherwise stated:— .Wheat—Old season's 6s 3d to 6s 6d a bushel; new season's 5s 8d to 5s 9d, February-March delivery. Oats—Gartons, 2s 8d to 2s lOd a bushel; Algerian, 2s 6d to'3s: Duns 2s 6d to 2s 9d. Chaff—£3 5s to £3 10s per ton. Potatoes.—£4 per ton, March delivery; £3 10s April-May-Juno delivery. Onions.—£4 10s per ton, MarchApril delivery. Bed Clover—Bd to lOd per pound White Clover.—7d to 8d per lb. Partridge Peas —New season's 5s 9d a bushel, delivery when ready. Perennial Ryegrass—3s to 3s 3d per bushel. Italian Ryegrass—ls 9d to Is lid per bushel. Cocksfoot—6d to 7Jd per pound. Linseed. —Up to £l4 10s per ton. Bran. —£5 10s per ton f.o.b. southern ports; 10s extra for smaller packings. Pollard.—-£7 10s per ton f.o.b. southern ports; 10s extra for smaller packings. Flour. —Local wholesale price £l7 10s per ton for 2001 b sacks, with increments for smaller packings Price for shipment, £l7 10s per ton, freight paid to main New Zealand ports.

AUCKLAND

AUCKLAND, January 10. In consquence of the continued dry weather at Pukekolie the potato crop is turning out iight, and 1 an acute shortage is feared. Root crops are at a standstill and if rain comes while the ground is hot it will cause second growth and c'isease amongst the potato crops. From now on/potato supplies will he scarce and of poor quality and prices for autumn seed will rule high. Pukekolie supplies at this time of the year,- not only Auckland province, but also most of the remainder of the North Island and a .part of the South Island. At the present time, not only Auckland, but also Wellington, Manawatu and Taranaki are cajlina; heavily on the Pukekolie district for supplies. A lesser quantity" is going to Hawke's Bay and some orders are still being dispatched to Nelson and Marlborough. A shoal of orders poured into Pukekolie yesterday. Quantities were accepted, but when the Pukekolie merchants went to farmers to cover their orders they found that they c:uld not do so. Some merchants have undoubtedly over-sold and will probably lose money in consequence. Farmers are disinclined to dig at present, as the tubers are >o small, whereas after a good downpour of rain the yield might easily be doubled. Meanwhile prices have responded to the tone of the market. Fourteen shillings per cwt is the nominal price ex store, but merchants will not quote in quantities. Southern crop is being quoted for April-June delivery at from £5 to £5 5s per ton. There are still supplies of Australian onions on the market and these gradually beii.'g supplemented bv bc ally-grown. A Pukekolie report states that the crops there are not de-

veloping and will give a big proportion of picklers. The maize market is very firm, owing to scarcity of supplies. There has been no change in the oat market locally and prices remain as they were before the holidays. It is reported that inquiries have been received from Australia for new season's southern oats. If this results in business next season's vah es may be affected . Chaff is short at tho moment. New season's is offering from Marton at £6 15s per ton on trucks, but merchants prefer southern old season's for a few weeks yer,. Wheat is scarce on spot, due to the delay in the arrival of supplies from Victoria. These were expected this week, but will not arrive until January 19. There are no changes in the prices of bran and pollard, but both are in keen demand, particularly bran, which is needed for dairy cows in the dry districts. Following are wholesale current prices • Sharps and bran—Local sharps, £8 5s per ton; Australian, £9 10s. Bran, £5 15s per ton^ Oat pollard—£3 10s per ton. Oats—New Zealand seed B Gartons, 4s 4d; A's 3 '4s 7d per bushel. Wheat. —New Zealand and Australian 9s per bushel. Maize—Ex store, 6s 9d to 7s; ex wharf, 5s lOd to 6s per bushel. Barley.—Feed, 5s 9d per bushel; Cape seed 7s 6d per bushel. Maize meal—lss 6d per 1001 b; barley meal, 13s per ICOlb. 'Chaff—Blenheim good bright oatsheaf £9 10s per ton, ex store; Canter bury £9 10s. Potatoes—Table (new) £ll 15s to £l2 per ton, ex store ._ Onions —Canadian, in bags, 14s 6d, in gases 15? 9d; Victorian, 10s 6d per

DAIRY PRODUCE. OVERSEAS MARKETS. The New Zealand Dairy Produce Board has received the following market report from its London office, dated January 6:Butter. New Zealand—Salted, 160 s to 1645; unsalted, 164 s to 168 s to 170 s. Market quiet. Tendency lower prices. Deliveries New Zealand last week 2100 tons, in store 2100 tons. j Australian —Finest salted, 156 sto 1160 s; unsalted, 158 s to 1645. Argentine—Finest unsalted. 150 s to 1565, Danish—lß2s to 184 s spot, l-72s f.o.D. Dutch —Creamery, unsalted 190 s to 1925. Siberian—Salted, 150 sto 1525. Retail prices unchanged. Cheese. New Zealand—White and coloured, 93s to 945. Canadian—Finest white, 102 sto 104 s; coloured, 100 s to 104 s. Australian —Finest white, 91s to 94s ; coloured, 90s to 945. Market weak. English finest farmers 126 s to 130 s. The Board has also received the following advice from its agents in Canada : Butter —Montreal, 35| cents (Is 53d); New York, 501 cents (2s lid); San Francisco, 48 cents (2s). SYDNEY WOOL SALES. (Per Press Association—Copyright.), SYDNEY, January 10. At the wool stales, the market was firm at fate rates, and a good clearance was effected. Greasy merino sold up to 32d, necks to 27|d, and crossbred to 28s, the last-mentioned prices being records for the market.