COMMERCIAL NEWS

Ashburton Guardian, Volume 48, Issue 83, 18 January 1928, Page 7

COMMERCIAL NEWS

ASHBURTON STOCK MARKET. PRICES FOR STORE SHEEP. Stock sales at the Ashburton market additional to those published in the "Guardian" yesterday were all in the store sheep section. Stores to the number of 943 were yarded, several lines coming from as far south as Onihi and Central Otago. All lines fetched good prices. The principal sales.were: — Ten sound-n:i>uth 3-bred ewes at 21s, 24 sound and failing mouth J-bred ewes and 20 lambs at 14s. 7d, 52 ewes and lambs (mostly lambs) at 17s 3d, 170 mixed sex J-bred lambs at 225, 35 six and eight-tooth i-bred wethers at 21s 4d 37 i-bJted mixed sex lambs at 26s Id, 120 failing-mouth £-bred ewes at 13s 9d, 21 sound-mouth f-bred ewes at 19s, 34 Corriedale wether lambs at 235, 153 mixed sex Corriedale lambs at 22s Sd, 45 rape ewes at 15s.

GRAJN AND PRODUCE. CHBISTCHURCH MARKETS. (Per Press Association.) CHRISTCHURCH, This Day. Business in the grain and produce market continues to be quiet. .Merchants are waiting for new season s produce to come to hand. Some torward business is being done, but generally merchants show a disinclination to speculate to any extent. Last season was not too prosperous for the majority of merchants, and they are inclined to adopt a cautious policy this season. Forward quotations remain the same as at the week-end. There is a good inquiry for potatoes from Auckland delivery from March onwards. For 'March delivery local merchants are offering £4 a ton on trucks at country stations, and for later delivery the offer is £3 10s. The position with regard to new season's wheat is unchanged. Millers are not keen to make further purchases, but they are still being offered a good deal of wheat by farmers. Wheat-growers would be well advised to remember that, if they continue to offer wheat that the millers are reluctant to buy, they will be tending to force the price down below the true market value. The following are quotations for produce, 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 —New season's Gartons 2s 6d to 2s 9d a bushel. Chaff—£3 5s to £3 10s per ton. Potatoes. —£4 per ton, March delivery: £3 10s Aprd-May-June delivery. Onions—£4 10s to £4 12s 6d per ton, March-April delivery. Red Clover—B'! to TOd per pound White Clover—7d to lOd per pound. Partridge Peas —New season's 5s 9d to 6s a bushel, delivery when ready. Perennial Ryegrass—2s 9d to 3s per bushel. , ' • , ~, Italian Ryegrass—ls 9d to Is lid per bushel. Cocksfootr—6d to 7£d per pound.

Linseed —Up to £l4 10s per ton. Bran.—£s 10b 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 hit 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 17. Potatoes—The position in regard to supplies has not improved since last report, and local merchants have been compelled to increase their prices. Present wholesale rates ex store range from 14s to 15s per cwt, and the price on trucks at Pukekohe is from £l2 to £l3 per ton, which compares with £8 10s at this time last year. Onions —Onions are offering more freely and can now be purchased at from 9s 8d to 10s per cwt. Wheat—There has been a temporary shortage of wheat, due to delay in the arrival of the Victorian shipment. However, the Maunganui has brought from Sydney for some of the merchants enough to tide them over until the Kaponga brings its cargo from Melbourne on Friday or Saturday. Values continue firm.

Oats and 'Chaff—There has been a slight firming in the oats market in the south, and a penny per bushel more is being asked for Gartons, but no alteration has been made in local rates. Quotations for new season's oats are being received on a similar basis to those at present ruling. New season's chaff is being offered at £5 10s ex and £5 15s ex Picton, but so far none has come to hand. Hawke's Bay mer-, chants have reported that there will not be any surplus for export from that province, but supplies are expected from Rangitikei before long. Maize —This market continues very firm. Only small supplies have come to hand this week, and they have realised 6s per bushel ex wharf. Bran and Pollard —There is a keen demand for bran and pollard, and, both lines are getting into comparatively small compass. Millers have raised the price of bran £1 per ton to £6 15s. Following are wholesale current prices •

Sharps and bran —Local sharps, mill price £8 5s per ton; bran, £6 15s per ton.

Oats —New Zealand feed B Gartons, 4s id; A's, 4e 7d per bushel. Wheat.—New Zealand and Australian 9s per bushel. Maize—Ex store, 6s 9d to 7s; exwharf, 5s 10d to 6s per bushel. Barlev. —Feed, 5s 9d per bushel: Cape seed 7s 6d per bushel. Chaff—Blenheim good bright oatsheaf £9 10s per ton, ex store: Canterbury £9 10s. Potatoes—Table, new, £l4 to £ls per ton ex store. Onions—9s 6d to 10s per cwt. DAIRY PRODUCE. WELLINGTON, January 17. The Now Zealand Producers' Co-op-erative Marketing Association has received ike following cabled advice from its London office: — "The quantity of batter afloat and discharging aT present from Australia,

New Zealand, and the Argentine, is 830,000 boxes. A better v demand is being experienced at present prices, but the market is not likely to advance." The Dairy Board's weekly cablegram dated January 13 is as follows: — Butter —New Zealand, salted 154 s to 158 s; unsalted 158 sto 1645. The market last week totalled 1470 tons, and in store 2850 tons. Australian, finest salted 152 sto 1545; unsalted 154 sto 158 s. Argentine, finest unsalted 148 s to 1545. Danish, 174 s to 1765; spot, 168 s f.o.b. Dutch creamery, unsalted, 186 s to 188 s. Siberian, salted 150 s. Retail prices are unchanged'. Cheese —New Zealand, white and coloured, 90s to 91s; Canadian, finest white 100 s to 104 s, coloured 100 s to 102 s ; Australian, finest white 88s. The market is steady. English, finest farmers 126 s to 130 s. Retail prices are unchanged. LONDON WHEAT REPORT. LONDON, January 16. Wheat Cargoes—The market is dull and featureless, with no material change in prices. . I Parcels are given little attention and are quoted at 51s 4£dAt Liverpool futures are quoted:— March, 10s 3Jd per cental; May and July, 10s 2|d. '