COMMERCIAL NEWS

Ashburton Guardian, Volume 53, Issue 208, 15 June 1933, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE.

THE ASHBURTON MARKET. There has Ireen a better inquiry from the North Island for Dakota potatoes, and prices have firmed as a result. The market for white potatoes, however, has shown no improvement. Fowl wheat is inclined to be easier. The demand for oats is also weaker.

Odd trucks of oatsheaf chaff have been sold during the week, but the quantity moving is negligible. Byegrass, cocksfoot and clover seeds are all firm at recent quotations. 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 txtra.

Wheat—Tuscan, good milling, 3s 7d, Hunters 3s 9d, Velvet 3s lid; fowl wheat 3s; wheat seconds 2s

Oats—Algerian, Is 5d to Is 6d ; good heavy dark Duns Is 6d to Is Bd, heavy Gartons Is 6d to Is 8d; B grade Is 3d.

Grass Seed—Perennial Is tid, Wolth.and Italian Is 3d to Is 6d; cocksfoot, 3d to 3Jd. a ,Ib. Clover—Red 6d to 7d a lb, white 9d to lOd a lb.

Chaff—Good, bright, oatsheaf, £2 2s 6d a ton.

Peas—No. 1 Partridge 4s, f.a.q. 3s per bushel. ' Barley—Chevalier, 2s Gd to 2s 9d a bushel. Potatoes—Dakotas £3 5s to £3 7s 6d a ton ; whites £2 17s 6d. '

SOUTH CANTERBURY MARKETS

TIMARU, This Day

The past two weeks have been very quiet in the South Canterbury grain and produce markets, the amount of business transacted being very little. The recent rains have proved beneficial to crops, that had previously been sown, and they also permitted a start to be made with ploughing, which had been held up on account of the long spell of dry weather. There has been little life in the wheat market, only a few odd lines of milling wheat having come forward. The nominal quotation for fowl wheat is 3s on trucks. A fair quantity of fowl wheat has been coming on to the market in Southland, and this had tended to reduce prices.

With the exception of A grade Gartons, there has been little demand for oats. The nominal quotation is Is lOd on trucks. Dark, heavy Duns are quoted at Is 9d on trucks, and Algerians at Is 6d. The market for Partridge peas is lifeless. They are nominally quoted at 4s on trucks.

There has been little demand locally for chaff, excepting for feed purposes. The nominal quotation for good bright chaff is £2 5s to £2 7s 6d on trucks. The Auckland market is still well supplied with potatoes, and consequently there has been no demand from that quarter. F.A.Q. whites are quoted at £3 on trucks and -Dakotas at £4 on trucks. Like other markets, a quiet time is being experienced in seeds. Ryegrass, Western Wolths and Italian are all quoted at Is 9d on trucks. The quotation for white clover is lOd to lid per lb, cocksfoot 3d to 4d, and crested dogstail 3d. ,

THE STOCK SALES. ADDINGTON. CHRISTCHURCH, June 14. The buoyancy which has resulted from the advance in values of store sheep, fat sheep, and fat lambs at Addington recently, and the continuance of that advance to-day, has caused general confidence of a. degree not known for over 12 months. In response to .spirited competition, fat sheep advanced to a level not known for more than a year, wethers making up to 25s 7d, and ewes to 21s 10d.. Fat iambs and store sheep also recorded substantial advances on late rates.

Sheep—More than a normal winter yarding was forward. Ewe lambs and forward wether lambs were Is to 2s a head dearer than last week, and adult ewes in good condition advanced by a similar extent. Values: Good ewe lambs lis to 12s, medium do 9s to 10s 6d, ordinary 7s to 8s; good wether lambs to 8s Bd, ordinary m.s. do. to 7s, small and plain to 5s 6d; good 6 and 8-tooth halfbred and crossbred ewes 12s to 13s, good a.m. halfbred ewes to 9s, ordinary 6s. to 7s, aged and inferior 2s to 4s 6d. Fat Lambs—An entry of 2200 was offered, the* West Coast being represented. There was an excellent sale from start to finish, with butchers paying over 5d per lb. Exporters bought with the greatest keenness, also paying up to sd. The average advance for the auction was Is to Is 6d a head, it being the best sale of the season. Extra prime heavy lambs brought up to 20s Id, prime heavy 15s 6d to 17s Gd, medium weight 13s to 15s, ordinary 10s to 12s 6d, and light 7s 6d to 9s 6d.

Fat Sheep.—An entry of 5250 included a number of drafts from Southland, Otago, South Canterbury and West Coast. There was particularly keen competition for light sheep', with an advance of Is a head oh late rates. Other classes showed a slightly smaller advance. The rise in a few weeks has been 3s to 4s a head, reaching the best level at Addington for over twelve months. Values were: Show wethers to 25s 7d, extra prime heavy wethers 20s 4d to 22s lOd, prime ditto 18s 6d to 20s, medium weight 16s 6d to 18s, ordinary 14s to 16s, light lis to 13s 6d; extra prime heavy ewes to 21s\ lOd, prime' ewes 16s 3d to 18s, medium weight ewes 13s 6d to 16s, ordinary 10s 6d to 13s, light and unfinished 7s to 9s.

Fat Cattle.—The entry of 640 head was the largest at an 'ordinary sale for

four years. Values were maintained for extra prime sorts, while other classes were 10s to £1 a head easier. Cattle were forward from "West Coast, Southland, Qtago and South Canterbury. Especially good beef made 24s per lOOlbs, good prime beef 16s to 20s, heavy-weight and medium beef 12s to 16s, good eow and heifer beef 13s to 17s. secondary 8s to lis, rough to 6s. Values were: Extra prime heavy steers to £ll 2s 6d, prime steers £7 10s to £9, ( prime medium weight steers £6 to £B,' ordinary £3 10s to £5 10s, light £1 7s 6d to £3; extra prime heifers to £6 17s 6d, prime heifers £4 10s to £6 ss, medium £2 10s to £4,, light £1 7s 6d to £2 10s; prime cows £3 15s to £5 17s 6d, medium cows £2 to £3 ss, light £1 to £2.

Fat Pigs.—Choppers made 30s to £2 18s 6d, baconers 38s 6d to 47s 6d, heavy baconers 520 6d to 55s 6d. extra heavy ditto to £3 Is 6d (average price per lb 3|d to 4d), porkers 17s to 21s 6d, heavy 23s 6d to 29s 6d, extra heavy to 32s 6d (average 3|d to 4Jd).

BURNSIDE

BURNSIDE, June 14

A further sharp rise in fat sheep values was recorded at the Burnside market to-day and fat cattle also showed an, increase over last week's rates. The quality of the cattle yarded was disappointing for of the 231 head offered there was only a small proportion of prime sorts. Best prime bullocks made up to £ll 17s 6d. or £1 a head better than last week; medium and light sorts, cows and heifers sold to 10s better. Prime ox beef was worth up to 225, light and medium 16s to 18s, heifers 15s to 18s 6d and cows 10s to 13s a 1001 b, according to quality. A short yarding of sheep included only a small proportion of wethers and sold at an advance 2s a head on last week. About 1400 were penned. Best wethers sold at up to 24s 6d, the price a lb being 3£d ; best ewes 20s 9d, or 2|d a lb. The lambs offered were bought mainly by butchers and for the Belfast works at the latter's full schedule, the market being at 2s to 2s 6d better than last week. About 700

head Avere penned. Some extra prime heavy lambs made up to 20s 3d. In the pis; section 119 fats were offered, consisting principally of porkers. Prices at the start of the sale showed a slight improvement on last week's rates, but then receded as the sale progressed to close firm at values on a par with the last sale. Store pigs, of which there was a medium entry, met with a poor market.

SYDNEY WOOL SALES.

SYDNEY, June 14

At the Sydney wool sales, 9984 bales were offered and 8537 were sold, 7191 being disposed of privately. There was very keen general competition, and the market was fully equal to the previous days of the week. Good clearances were effected. Greasy merino made to lSjd.

WHEAT PRICES IN AMERICA. NEAV YORK, June 13. Wheat futures are quoted as follow: Chicago— Jxilj cents' a bushel, September 795, December 81 J. New York—Cash, 87 5-8 cents.