COMMERCIAL NEWS

Ashburton Guardian, Volume 50, Issue 81, 16 January 1930, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE.

SOUTH CANTERBURY. (Per Press Association.) TIMARU, This Day. The rain that has fallen during the last two days has had a serious effect on some of the wheat and oat crops in South Canterbury. Heavy crops have been laid, and on low-lying land, water Ims covered many areas that have been sown in wheat or oats. Root crops are coming on well, and provided that cold! weather does not set in, little harm should be done by the unseasonable weather to these field products. Then* is little inquiry for milling wheat, as most millers have sufficient stocks to carry them through until the new season’s crop comes in. Tuscan. is bringing 6s 5Jd, and smailTines of Hunters and Velvet are finding a sale at 6s 2d and 6s 3d respectively. Fowl wheat is in keen demand, and most of the merchants’ lines have been cleaned up. What supply there is left is in the hands of the Pool, which is risking. 6s ljd. Under-grade lines are finding a ready sale at As lOd to 6s. according to quality, and seconds at Is fid to 4s fid, f.o.h.

Prompt delivery oats are selling at 3s fid, and a small amount of business' is being done in the forward crop, Gartons ranging from 3s fid to 3s lOd. for A’s and 3s 7d to 3s 7Jd for B’s. It was expected that a few lines of Algerians would be offered, but the wet weather prevented threshing from going on. Present indications point to prices being about 3s Id on trucks. Several ryegrass paddocks were ready to cut, but the rough weather has affected these crops. There is little doing in seeds. A few small lines are passing, hut until the new season’s crop arrives merchants ire inclined to hold hack. There is to ad inquiry for white clover of good mnlity, and farmers’ dressed is worth lid "er lb. Cowgrass is. not in demand, there being no offering in this line.

Linseed crops are looking well. Most of these crops a re" grown by contract, ind they should yield a good return when harvested.

A few lines of onions are being quoted at £8 10s on trucks, but there is little movement in the market for this line.

' THE STOCK MARKETS. ADDINGTON. CHRISTCHURCH, January 15. At the weekly metropolitan market at Addington, there were lighter entries in nearlyi all departments, which no doubt was due in part to the bad weather which was continued over the last two weeks. As a result of the small yardings, prices generally were very firm.

Store Sheep.—There was a smaller entry than last week, chiefly of lambs, which filled eight races. The quality was good, and prices were firmer by up to Is a head. The sale for adult sheep was dragging. Values were:— Medium 4-tooth halfbred wethers 21s fid to 235, ordinary 6 and 8-tooth halfbred wethers to 18s 3d, backward do. to 16s 3d; good 6 and 8-tooth Romney wethers to 25s 6d, Merino wethers to 8s; best wether lambs 20s to 22s 2d, good 16s to 19s, ordinary 13s to 15s; best m.s. lambs to 21s, good 18s to 20s, medium 15s 6d to 17s 6d, ordinary to 15s; ordinary 4-tooth halfbred ewes to 25s 7d, ordinary 2-tooth halfbred ewes to 22s 3d; ordinary s.m. halfbred ewes 18s to 21s, backward do. to 17s; medium 4 and 6-tooth Romney ewes 26s 6d to 28s, good ewes and lambs (all counted) to 12s 3d.

Fat; Lambs.-—A larger yarding, totalling 2030 head of mixed quality, was offered, and prices eased ,to an average of 3d per lb over all. Exporters operated freely at values ranging up to 84 d'per lb. The range of' prices was:—Extra prime lambs to 29s lOd, prime 26s to 28s 6d, medium 23s to 25s 6d. light 19s to 22s 6d. Fat Sheep.—An entry of only eight to nine races', compared with 14 races last week, was forward. The quality was not good. Ewes were firmer by up to Is 6d a. head, and wethers were firm at late rates. Export buyers operated at a. priqe- equal to 6d per lb for wethers and 4d per lb for ewes. Values were: Prime wethers 30s 6d to 33s Id, medium 26s to 30s, light 20s lOd to 25s 6d ; prime ewes 24s 6d to 29s 4d, ordinary 20s to 245, light 18s to 19s; hoggets to 28s Id. The fat cattle entry totalled 450 head, with a big proportion of cows. Values remained firm at last week’s rates. Best medium-weight prime beef made from 44s to 47s per 1001 b, good medium-weight prime 41s 9d to 43s 6d, heavy steer 40s to 435, good cow to 40s, secondary 32s .to 355. Extra heavy prime steers made up to £23 2s 6d, heavy prime £lB 10s to £2l, medium prime £l7 to £l9, ordinary £l3 10s to*£l6 10s; prime heifers to £l6 7s 6d, prime £l3 10s to £ls, ordinary £ll to £l3, extra prime cows to £ls 17s 6d, prime £l2 10s to £l4 10s, medium £lO 10s to £l2.

Vealers.—ln a small entry of mixed quality, best sorts sold at. last week’s rates, but others were easier. The top price was £9 10s. Good vealers made £4 to £5 and up to £7; best calves 48s to 635, others 12s- to 455. Dairy Cattle.—-An entry of 46 head met a ready sale. Values were: Good second to third calvers £l2 to £l4, others £6 to £11; best heifers to £l3 10s, others £8 10s to £l3. Store Cattle. —There was a small entry and no straight lines. Prices were the same as last week. Eighteenmonth heifers made up to £4 15s, yearling steers to £4 18s, two-year-old steers to £6 16s 6d, and fresh cows to £8 ss. Good potting bulls made to £ll.

, Fat Pigs.—A medium entry was forward, with baeoners in bigger supply than at last sale. Bacon was a little easier, with pork firm; Values were: Choppers 50s to £6 18s 6d, baeoners £3 12s to £5 10s 6d (average per lb 6Jd to 8d); porkers 40s to £3 6s 6cl (average 8d to 9(1). Store Pigs.—A small yarding, with weaners in short supply, made competition keen at prices equal to those of last week. Stores brought. 28s to 455, slips 24s to 265, weaners 20s to 255.

BURNSIDE

DUNEDIN, January 15

There was a keen demand for lambs and pigs at the Burnside sale to-day, and. higher prices ruled for both classes. Fat cattle and sheep, however, met with a .slow sale,. and reduced prices were recorded in these sections.

There was a yarding of 229 fat cattle. the entry including good quality bullocks, a number being heavy, while the balance consisted of mixed heifers, cows and light steers. The sale opened

with an uneven demand, and prices as the sale progressed showed a decline of from 10s to £1 a head. Heavy bullocks sold at £22, medium £l9 ss, light £l7; heavy heifers £l3 ss, medium £ll 15s, light £lO 10s; heavy cows £l3 7s 6d, medium £ll 15s, light £lO ss. Prime ox beef sold round about 46s per 1001 b. Sheep.—The entry numbered 1570 head, the proportion of ewes, which were of fair to prime quality, being large. The entry also included a few heavy crossbred wethers and medium to plain sheep. Average weight wethers were easier to the extent of 2s to 2s 6d, and heavy ewes declined from 2s to 3s a head. Prices for other sorts were unchanged. Prime wethers sold at 36s Gd, medium 31s fid, light 265; prime ewes 32s 6d, medium 19s, light 11s. Prime mutton sold at from 5d to 5Jd per lb. About 300 lambs were offered. These were well-grown, and the entry included animals of fair to prime quality. The sale opened under keen demand, and prices advanced about Is a head. Prime lambs sold at 32s fid, medium 275, unfinished at 24s 6d. The average price per lb for prime lamb was about B£d. Store Cattle.—The entry totalled 150 head, and consisted of several pens of two and three-year-old steers, cows and mixed sorts. There was a moderate demand, three-vear-old steers selling to £lO Is, yearlings from £3 to £4 ss. Store cows were easier to the extent of 5s a head.

Pigs.—The entry consisted of 91 fats and 42 stores. Prices for prime porkers recovered the decline reported last week, while baconers sold at an advance of about 5s a head. Small store pigs met with a good demand. Prices obtained for porkers were about equal to BRI, and for baconers 8d per lb.

SYDNEY WOOL SALES. SYDNEY, January 15. At the wool sales to-day 9812 bales were sold. The market conditions were unchanged, and competition was good. Greasy merino sold up to 23jd.