COMMERCIAL NEWS

Ashburton Guardian, Volume 50, Issue 260, 16 August 1930, Page 7

COMMERCIAL NEWS

STOCK AND PRODUCE. 'THE ASHBURTON MARKET. There is still a fair supply of fruit and vegetables offering in Ash burton, the ruling prices being:— Apples—Cooking 4s and ss, dessert 7s and 8s case. p ears _2s 6d 201 b case. Potatoes—Bs 6d sack. Cauliflowers—Bd to 9d, cabbages 3d and 4d each. Swede turnips—2s, carrots 2s, parsnips 2s 6d a sugar-bag. . Onions—ld lb. Bacon—lOd, ham Is lb. Poultry—Hens 2s 4d to 5s 6d. roosters Is 4d to 7s 4d, ducks 4s 4d to 5s 7d, per pair; turkeys, hens 7s 9(1 each, gobblers 9s to 13s 3d each. Pigs—Stores 30s to 365, weaners 9s to 28s.

GRAIN AND PRODUCE. CHRISTCHURCH MARKETS. (Special to the "Guardian.") CHRISTCHURCH, This Day. The caution which has characterised the business world lately and has kept the grain and seed markets very <l u iet, has been in evidence this week. The interests of many people being in other directions, trade has been very quiet. The farming community regards to cent rough weather as very seasonable, and looks forward now to a spell of good weather in order that the ground may be worked for spring sowing. The only item of interest has been the slump in potatoes, amounting to a good pound a ton. The publication ot the yields recently, coupled with the large quantities going forward from Timaru, has caused values to drop badly. The market is aiow practically at a standstill. August is generally regarded in the trade as the largest consuming month, and better prices are looked for. , This year, however, there has been no increase, and the drop of the last few days is serious. As the season is late, it is doubtful it the market will recover although the potato market is about the most difficult to forecast. Farmers appear to be more anxious now to sell, and this will have the immediate effect ot stopoinc any rise. Other branches of the produce market have shown no alteration, and nothing of interest has happened. The following are quotations tor produce to be paid to farmers, on trucks, free of commission, sacks extra, except where otherwise specified:— Wheat.—ss 9d to 5s lOd a bushel for Tuscan, 5s lid to 6s for Hunters and 6s to 6s 2d for Pearl, for good nulling quality. Seconds wheat, 4s 3d to 4s 9d a bushel. Fowl wheat, 5s 6d to os 7cl a bushel. , TSiew season 'a oats—Gartons 3s 4d to 3s 7d per bushel; Algerians, 3s lOd to 4s 3d;-Duns, 4s to 4s 9d. Chaff (new season^)—£s to £5 /s Potatoes (new season's) —Dakotas, £2 10s to £2 12s 6d a ton for August white £2 10s to £2 12s 6d Onions (new season's) —£o to xa os a ton for August delivery. Linseed (new season's) —£14 lUs a ton for f.a.q. Red Clover—4d to 6d per lb. White clover (new season's) —6d ;o lOd per lb. . Partridge Peas—4s 3d to 5s a bushel. , . Perennial ryegrass (new season s) — 4s 3d to 4s 9d a bushel Cocksfoot (new season's)—7d to 9cl per lb. , „, Barley—Malting, 4s to 4s 3d a bushel; Cape, 3s to 3s 6d a bushel. Bran—Local £7 10s ton, 10s extra for smaller packings. Pollard—£7 5s a ton, 10s extra for smaller packings. . Flour.—Local wholesale price, 15s per ton for 2001 b sacks, with the usual increments for smaller packings. Price for shipment, £l6 15s per ton f.o.b.

DUNEDIN MARKET. DUNEDIN, August 15. The milling wheat market continues quiet, with values unchanged. It is not expected, moreover, that there will be any alteration in the position until the new season's wheat comes on the market. Milling wheat has been selling in Australia, at 3s lid per bushel, and, with heavy crops practically assured there for the incoming season, the outlook for growers did not appear very promising. The prospects for the Australian farmer would seem now td have considerably improved. Little business is passing in actual lines of wheat in New Zealand, as the majority of the millers are holding stocks sufficient to see them through till the new season's crop is available. In odd cases, however, parcels of Tuscan are being purchased. None of this variety is offering in Dunedin, and the only stocks held—for the 1928-29 seasonare in the hands of the Pool. The price of Tuscan in this district is on a basis of 6s f.o.b., sacks extra. This is equivalent to os lOd, sacks extra, on trucks, country sidings, with the usual increment for Hunters and Velvet. The market for fowl wheat remains firm. Small stocks only are.held in stores by farmers, but some of the distributors have a quantity in hand. These lines are being worked off slowly, but once they are depleted it will be difficult to 'p i,ocure further supplies until the new season's wheat comes on the market. The value for best fowl wheat is 6s 3d per bushel, sacks extra, ex store. A demand lias again set in for seed wheat, and there are a niimber of inquiries for Tuscan for spring sowing. With the present favourable weather farmers are taking every opportunity to get their ground ready for planting. It is anticipated that there will be a larger area sown down than has been the case for a number of years, especially in, view of the fact that it is now almost certain that there will be no alteration in the present sliding scale of duties, and that remunerative prices have been offered for next season's wheat. The consumptive demand for oats is quiet. There are practically no inquiries from the North Island, and millers seem to have ample stocks. The market is kept steady only through the inquiry for seed lines. Canterbury merchants are showing some interest in seed oats, and, during the week, there have been a number of sales to the northern province. Reports >from Cliristchurch go to show that there will be a goon sowing down of oats in Canterbury. There will also be a fairly extensive sowing of oats in the Otago and Southland provinces. The nominal quotation for A Cartons in Otago and 1 Southland is 3s lOci f o b., s.i., but, on the other hand,

there are some sellers at 3s 9d, f.0.b., s.i. A fair quantity of oats is still held in the stores, and, even if the demand for seed is exceptionally good, there will be ample stocks for all requirements. The potato market has had a weak tendency for some weeks past, and the position has become accentuated by the publicationi of the statistics concerning the crops. These show that there is a greater quantity held -this year than at the corresponding period last year. The extra quantity is put down at about 6000 tons. Shipping values have declined in Canterbury, and the price is now in the vicinity of £4, f.0.b., s.i.. August-September shipment. Local merchants are not keen to operate, and, with consignments still arriving from Canterbury, the .market here is dragging. It is now "difficult to maintain "the rates that have been ruling. The top value for freshly dug tubers is £4 15s, sacks included, ex trucks. Other quality is almost unsaleable. The chaff market remains steady, and the consignments arriving are just about equal to the demand. There are occasional inquiries for shipment to the North Island, but only small lots are wanted there, as Tasmanian chaff is still 'being landed in the North Island. Tasmanian merchants, in fact, are now sending chaff across on consignment, and it is said that the consignments will shortly be increased. The Dominion market may. therefore, be seriously affected. To-day's prices are £5 10s per ton, sacks extra, ex truck for best quality, and £4 to £5, sacks extra, ex store, for medium and poor quality. Signs are not wanting of an improved demand for seeds, following on inquiries by merchants for lines for spring sowing. A certain amount or export business has also been reported in dogstail and brown top. Values in all lines, however, remain unaltered. The ryegrass market is firm, with supplies difficult to secure, especially of heavy-weight seed. These are at a premium. The usual standard of 27281 b ryegrass is worth about 7s per bushel wholesale, 'provided the germination is good.

LONDON MARKETS. LONDON, August 14. Wheat.—Owing to a further decline in America, sellers of cargoes dropped their limits by 6d and 7d. Trading is inactive. Parcels are 9d to Is lower. Futures: —London : September 33s lOd, December 34s 4d per quarter. Liverpool: October 7s 3fd, December 7s 4d, March 7s per cental. The spot trade is quiet. Australian, ex ship, 39s 6d.

Flour is slow. Australian, ex store, 29s per sack. Oats are firmer. Australian Algerian 14s 6d, A Gartons 18s to 19s. Peas are neglected. Blue—Tasmanian 220 s to 2405, New Zealand 200 s to 2205. Maples—Tasmanian 65s to 675, New Zealand 57s 6d to 60s. Beans—New Zealand 37s to 38s. VICTORIAN QUOTATIONS. MELBOURNE August 15. Wheat —4s Id per bushel. Flour—£ll to £ll 5s per ton. Bran and Pollard—£6 15s per ton. Oats—3s per bushel. Barley—English 3s 4d to 3s 6d per bushel. Maize—ss 3d to 5s 5d per bushel. DAIRY PRODUCE IN LONDON. LONDON, August 14. Butter—The market is very quiet. Quotations: — Danish—l4ss/ to 1465. Choicest Salted—New Zealand 135 s to 1365; Australian 133 sto 1345. Unsalted—New Zealand ,150 s, Australian 134 s to 1355. Cheese—The market is slow. New Zealand, white 775, coloured 81s. Ausr tralian, white 755, coloured 80s.