COMMERCIAL NEWS

Ashburton Guardian, Volume 53, Issue 150, 6 April 1933, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Milling wheat advanced in price by a penny per bushel as from April 1, according to the arrangement of prices by the Wheat Purchase Board. Very little wheat has been marketed at the increased price, although threshing-mill owners report that a large number of stacks are awaiting the mill. There has been a limited demand for fowl wheat an 3 wheat seconds. The market for all oats remains unchanged. There has been an odd inquiry for oatsheaf chaff. A good demand is reported for Black barley for autumn sowing. ' Odd inquiries have been received for potatoes, but digging operations of the main crop in Ashburton have not yet commenced. The following are quotations for the new season's grain and seeds. With the exception of wheat, which is f.0.b., the prices are on trucks at country stations, sacks «=xtra. Wheat—Tuscan, good muling, 3s sd, Hunters 3s 7d, Velvet 3s 9d; fowl wheat 2s lOd; wheat seconds 2s. • Oats—Algerian Is 3d, good, heavy dark Duns Is 3d; Gartons Is 2d : to S Grass Seed—Perennial Is 6d, Wolths and Italian Is 3d to Is 6d; cocksfoot, 3d to 3£d a lb. Chaff.—Good, bright oat-sheaf, £1 15s a ton. Peas—No. 1 Partridge 3s to 3s 2d per bushel. Barley—Black Skinless, 2s 6d per bushel; Chevalier, 2s 6d to 2s 9d per bushel., SOUTH CANTERBURY. TIMARU, This Day. The increase in the production of grain and produce in the North Island is still affecting the demand for South Island lines. As indicating the amount of wheat grown in the north, several North Island mills have sufficient wheat grown in their own districts to last them for some time. Owing to the ravages of the moth several rape and turnip crops in South Canterbury have been ruined, and a good demand is now setting in for green feed such as Dun oats, Algerians, and barley. With the flush of wheat in March millers seem to have been well supplied,; atnd April wheat is rather dimcult to, dispose of. The increment of one penny per bushel is to start this month. There is better inquiry for fowl wheat, and "prompt" is now quoted at 3s per bushel f.o.b, less brokerage. There is an improved demand for April-September delivery at 3s 3d per bushel f.o.b. Present indications from samples to hand are that there are not many heavy oats offering. A Gartons are worth Is 5d and B's Is 2d per bushel. on trucks. A and B Gartons are offering at cheaper rates, from I/imedm and Bluff. Algerians are worth Is 2d to Is 4d and Duns Is 4d per bushel on trucks. Black barley is quoted at 2s 3d, and Cape barley at Is 8d per bushel on trucks. •■ '.. - There has been a further drop in the values of No. 1 partridge peas, which are now worth 3s Id to 3s 2d per "bushel on trucks. Undergrade lines are quoted at 2s 9d per bushel on trucks. Chaff is offering at £2 to £2 5s on "trucks, according to stations. Owing to the recent efforts made by the Government to have the Austriv lian potato embargo lifted, there is now a better demand in South Canterbury. A't present £2 5s per ton on trucks is now offered for April-May-June delivery, but sellers are at present not inclined to operate at this price. • ~ ~ Western Wolths and Italian are quoted at Is 4d to Is 6d per bushel on trucks, while good lines of ryegrass are offering from the south from Is Jd to Is 4d on trucks. Cocksfoot is worth 2*d to 3d per lb, and crested Sogstail 2M per lb. New season's cowgrass is on offer in Christchurch at 7d.per lb, but so far there is none available in this district. THE STOCK MARKETS. ADDINGTON. (Per press Association) CHRISTCHURCH, April 5. The market for fat lambs and fat sheep was firmer than for some weeks at Addington to-day. Fat cattle values relapsed again, while store sheep, with a large yarding maintained late values. , Store Sheep—There was a large entry of about 14,000 head, with a few drafts from Marlborough and the Chatham Islands. A steady sale resulted with prices on a par with late rates. Values were: Extra good 4-tooth Corriedale ewes to 17s, good 2-tooth half bred ewes 15s to 16s 3d, medium to 13s 9d; good 2-tooth crossbred ewes to 14s Bd, medium 12s to 13s 2d, ordinary 9s 6d to lis 9d- ordinary 6 and 8-tooth halfbred ewes 7s 6d to 10s; extra good 4-year-old Corriedale ewes to lis 9d; good 4-year-old halfbred ewes 8s to 9s 3d good s.m. crossbred ewes to Bs, ordinary s.m. halfbred ewes 5s 6d to 7s, aged and failing-mouth 6d to 4s 9d; forward wethers 7s 9d to 9s, ordinary 5s to 7s 3d • forward m.s, lambs 6s 6d to 8s Id, medium lambs 4s 9d to 6s, ' inferior 2s 3d to 4s 3d. Pat Lambs—An entry of 3300 head met a good sale, with a firming on late rates, especially for butchers' sorts. Extra prime heavy lambs made up to 15s 4d, prime heavy 14s to 15s, medium weight lis 6d to 13s 6d, light 9s •to lis. , , "'• Fat Sheep—There was a good sale for an entry of 5400 head, and there was an advance of a full Is a head for medium and heavy ewes, while all

classes showed distinct firmness on late rates. Values were: Extra prime heavy wethers to 18s lOd, prime heavy 15s to 16s 6d, medium weight 12s 6d to 14s 6d, ordinary wethers 10s 6d to 12s, light 9s to 10s; prime heavy ewes 9s 6d to lis, medium weight 7s to 9s, ordinary 5s 6d to 7s, light 4s to ss. Fat Cattle—The entry of .456 head was in excess of the demand, and although the quality on the average was outstanding, competition was restricted and values declined for all sorts by 10s to 20s a head. Good beef was worth 16s to 18s per 1001 b, heavyweight and medium quality 14s 6d to 16s, good heifer beef 15s to 17s, good cow beef 13s to 15s, secondary cow beef 10s to 13s, rough down to 7s; extra prime heavy steers brought up to £8 17s 6d, prime heavy steers .£7 to £B, prime medium-weight steers £6 to £7 10s, ordinary quality £4 to £5 10s, light '£2 5s to £3 10s; extra prime heifers to £7 12s 6d, prime heifers £4 10s to £5 17s 6d, medium heifers £3 2s Gd to £4 ss, light £2 to £3; extra prime cows to £5 17s 6d, prime £3 10s to £5, light and ordinary £1 10s to £2 17s 6d. Fat Pigs—A good entry of baconers sold on a par with last week's basis. Pork was in keen demand, and owing to the lack of quality sorts were firmer. Values were: Choppers 30s to £4 3s 6d, baconers 37s 6d to 45's 6d, heavy do. 47s 6d to 55s 6d, extra heavy do to £2 18s 6d (average 3f dto 4£d lb); por-, kers 23s 6d to 27s 6d, heavy 28s 6d to 33s 6d (4d to 4£d). BURNSIDE. . DUNEDIN, April 5. There was a good inquiry for both fat sheep and fat lambs at Burnside to-day, but wether mutton could not maintain last week's high price level. Ewes remained fairly firm. A good sale was experienced in the fat cattle section, but the usual mixed yarding of store cattle met a dragging auction. About 2500 fat sheep were penned, including a few good butchers' wethers, but the majority consisted of mixed ewes. Wethers were easier from the outset by Is 6d a head, but ewes sold well at late rates. Had it not been for the Easter buying the market would probably have slumped considerably. The 500 fat lambs yarded comprised a sprinkling of extra prime sorts, but the bulk were medium handy-weights. Local butchers kept the price for prime lambs at more than the export, schedule, and a 'good sale resulted. Prime wethers reached 16s, but good average sorts brought nearly 14s. Light and aged ranged from 6s to 10s. Extra choice ewes sold to 9s 6d, good prime ewes from 7s 6d to 8s 6d, and light and aged ewes from 4s 6d to 6s. Wether mutton was worth 2Jd per lb and ewe mutton lid to l£d per lb. The fat cattle yarding comprised 300 head, mostly ordinary cows and heifers or light to medium steers. The small proportion of prime bullocks and cows met with a steady inquiry at good prices. All heavy-weight .sorts were firm at late rates. Prime heavy animals sold at a small advance, but other sorts were no more than firm, sales becoming more difficult as the auction progressed,. Top price for beef was more than £lO 10s, but the majority of the bullocks ranged from £6 to ,£8 10s, and prime heifers and cows from £3 5s to £5 10s. The double buying in view of the Easter holidays no doubt pushed the price for choice ox beef to 20s a 1001 b, good prime to 18s, light and plain to 16s, and heifer and cow beef from 12s 6d to 15's. A mixed yarding of store cattle included the usual proportion of . old cows, heifers and young stock. Good station cattle sold well at market rates, but other lines were not quotable. The pig entry comprised 215 fats and 92 stores. Competition was fair for both baconers and porkens, but there was no change in values.

SPECIAL SALE AT GERALDINE There was a fairly large yarding at a special stock sale at Geraldme yesterday, but bidding was slow, and prices were not as good as those realised at last week's sale Several pens of stud rams were offered, but the response of buyers was poor, and the majority were passed. Prices were as follow: Fats—Sixteen ewes at 3s 6d, 17 at 6s, 19 at 4s 4d, 18 at 5s 2d, 13 at 4s 2 27 at 4s 7d 2 at 4s, 3 at 5s 9d, 33 at 3s sd, 13 at 4s 2d, 10 at 4s 9d, 16 at 4s 10d, 9 at 4s, 20 at 3s lid, 8 at 4s, 10 at 4s Id, 28 at 4s, 9 at 4s 2d, 8 at 4s 7d, 16 at 4s 7d, 1 at 3s 4d, 24 at 4s 4d, 22 at 5s 2d, 20 at 5s 2d, 20 at 4s 7d, 1 at 7s 6d, 4 at 3s, 40 at 3s 3d, 30 at 4s, 6 at 4s, J 6 at 3s 4d, 80 at lis lOd, 109 at 9s, J 6 wether lambs at lis 6d, 45 m.s. lambs at 5s lOd, 43 lambs at lis Gd, 45 m.s. lambs at Bs, 51 do. at 6s, 30 lambs at lis lOd, 36 at 10s lid, 62 at lis lid, 50 at lis lOd, 51 at 12s, 57 at 12s 2d, 55 at lis sd, 34 at Us 7d, 12/ at 12s Id, 120 at lis, 147 at 12s 2d, 224 at 12s 4d, 332 at 12s 6d, 25 at 8s 2d, 22 at lis 9d, 23 at lis 7d, 2 at lis 2 at 9s, 10 at 10s 6d, 12 at 10s 6d, 29 at 10s 3d, 46 at 12s 7d, 25 at Us, 35 at lis 6d, 55 at lis 6d, 299 m.s. lambs at 6s 3d, 44 throe-shear ewes at Us 2d, 55 six and eight-tooth ewes at7s, to do. at 7s 3d, 51 f.m. ewes at /si 5d,51 f.m. half-bred ewes at 5s Cd, two wethers at 14s, 29 at lis 7d 234-at lis sd, 120 at lis, 30 at 7s lOd, 20 at 8s 4d, 30 at Bs. _ . Rams—Six two-shear English Lgicesters at £1 Is. Stores— Thirty-eight two-tooth ewes at Bs, 75 six and 'eight-tooth ewes at Is 3d, 10 cull ewes at Is 3d, 45 s.s. ewes at Is 6d, 50 two-tooth ewes at 14s 10d, 50 do. at 14s 9d, 59 do at 13s 9d 150 f.m. ewes at 4s Bd, 102 do. at 5s 46. four, six and eight-tooth ewes at 6s Id, 126 s m ewes at 4s 9d, 43 owes at Is 2d, 45 at Is 6d, 30 at Is 6d, 239> throequarterbred two-tooth ewes at lis od, 235 half-bred two-tooth ewes at 8s lOd, 69 s.m. ewes at 4s 10d, 48 ewes at 2s 10d, 150 s.m. ewes at 5s 2d, 160 wether lambs at 5s Id, 181 do at 3s 38 twotooth ewes at Bs, 60 at Is 3d, 8 at Is Bd, two wethers at 2s Bd, 76 six and eight-tooth ewes at 7s 3d, 51 f. and f. ewes at 7s Bd, 51 six and eight-tooth ewes at 5s 6d, 206 do. at 9s 7d, 50 do. at 6s 3d, 194 at 3s 9d, 45; two-tootn ewes at 8s Id, 6 do at Is, 43 atJJs 4d, 43 do. at 7s 6d, 40 ewes at 2s Id, 80 two, I four, six and eight-tooth ewes at 8s 3d.

150 do. at 5s 2d, 40 do. at ss, 16 ewes at Is 6d, 45 at Is 6d, 34 two-tooth ewes at 10s, 40 do. at 8s sd, 30 two, four i and six-tooth ewes at lis. WANGANUI WOOL SALE. VERY KEEN COMPETITION. (Per Press Association) WANGANUI, April 5. At the final Wanganui wool sale for the current season held to-night, values opened firm on Wellington and showed an appreciable advance on those ruling at the Wanganui auction in February. A full bench of buyers, evidently appreciating that there was only one more Dominion sale this season, that at Napier, competed keenly for their requirements. Compared with February, fine crossbred 46-48's were up to -id, and inferior up £d, medium crossbred 44-4.6' 5, average and inferior were up id to |d, as were coarse crossbred 40-44's. Low crossbred 36-48's were at par. Hogget wool caused competition, and lots of good quality appreciated id to Id. Bradford secured the bulk of the coarse sorts of fleece wool, the finer types going to the Continent. Japan also competed for better-class fleece wools. France was strongly in the market for bellies and pieces and for good-quality lambs. Australian mills also secured a proportion of lambs, and several nice lines were taken by Bradford. Ninety per cent, of the total offering was sold and it was refreshing to see competition among buyers at ruling values. The present indications are that the Napier sale, which will offer a quantity of clean Hawke's Bay wool, should be"' a record for the Dominion this year. THE SYDNEY WOOL SALE. MARKET VERY FIRM. SYDNEY, April 5. At the wool sales. 11,123 bales were offered and 9072 sold, and 1076 bales were sold privately. The market was very firm for all good shafty spinning wools suitable for Bradford showing a distinct hardening tendency. Greasy merino sold up to 17d.