COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 129, 13 March 1935, Page 7

COMMERCIAL NEWS

ASHBURTON STOCK SALE. THE CONCLUDING SALES. Concluding sales at the Ashburton stock market yesterday were as follows: — Fat Ewes—On account of T. J. Lemon (Fairton), 10 at 10s 7d,- 12 at 10s 4d; A. C. Cameron (Pendarves), 10 at 14s 7d, 9 at 14s lQd; A. N. McMillan (Greenstreet) 2 at lis lOd; Cochrane Brothers (Elgin), 5 at 21s Id; W. J. Cresswell (Lismore) 6 at 12s lOd, 5 at 12s 7d, 4 at 10s 4d; W. A. Read (Waterton), 5 at 10s lOd; C. H. Campbell (Springburn), 8 at 12s 7d, 9 at lis 4d,25 at lis Id, 6 at lis 4d, 10 at 10s 4d, 7 at 10s lOd; G. Fletcher (Greenstreet), 8 at 12s 4d, 10 at lis 4d, 11 at l'2s Id, 15 at lis 7d, 11 at 10s lOd; H. Watts (Willowby) 4 at 13s Id: Williams Brothers (Alford Forest) 5 at 14s Id; W. Kennedy (Elgin) 2 at 9s 4d. . Fat Lambs— Leadley's Estate (Elgin) 37 at 19s 7d; C N. Totty (Staveley) 30 at 17s 7di: Miss J. Chalmers (Ashburton) 131 at 20s 4d, 28 at 20s 7d ; M. F. Kingsrbury (Wakanui), 22 at 19s 6d; G. Tait (Lowcliffe) 46 at 19s. Fat Wethers—On account of Leadley's Estate CElgin) 5 at 21s lOd. Store Sheep —On account" of W. JCrasswell (Lismore), 40 three-quarter-bred wethers at 15s Id, 40 half-bred wethers at 12s, 47 do at 15s Bd, 80 do at 13s 6d, 42 ewes at 17s Id; Colin "Urquhart (Springburn), 118 merino ewes to 3s 6d. 50 do at 4s, 24 lambs at 6s Id, 213 wether lambs at 10s 7d; Colonel R, B. Neill (Barossa) 360 lambs at lis Id, 513 do at 7s lOd; clients 61 ewes at 12s 9d, 141 at 12s sd, 70 at 12s 6d, 149 at 12s 4d, 53 wether lambs at 8s Bd, 114 mixed sex lambs at 14s 5d Three hundred and sixty wether lambs at lis Id, 513 wether lambs at 7s lOd, 187 rape ewes at 6s, 124 lambs at 16s 2d, 112 ewes at 5s 4d.

GRAIN AND PRODUCE. CHRISTCHURCH MARKETS. (Special to the "Guardian.") CHRISTCHURCH, This Day. There has been little change in the Christchurch grain and produce market since the end of last week. The potato market is slightly easier, but no change has taken place in quotations, wnicn remain at £4 to £4 5s for forward delivery. Farmers are holding on to their supplies in anticipation of better prices later in the season, but so far, there does not seem to be any prospect of an improvement. There is little demand for onions, and supplies are scarce, lae price quoted is £7, an exceptionally high figure. More oats are now offering, growers having been induced to part with their lines on account of the present high prices. Algerians have eased slightly, however, because the South Island prices are getting above the Australian level and North Island purchasers are dealing with the Commonwealth. Partridge peas, too. are quieter, quotations being above export parity, and overseas buyers are not prepared to follow New Zealand figures. Cocksfoots, ryegrasses, clovers and wheat show no change, but for the seed lines there is a steadjyi demand for autumn sowing. This demand would be greatly accentuated in the event of a good rain over the Dominion. Autumn sowing has been retarded because of the lack of moisture in the soil. Following are nominal prices quoted to bo paid to farmers on trucks at country stations, sacks extra unless otherwise mentioned: — Milling wheat (new season's)—March delivery, Tuscan 4s, Hunters 4s 2d, Pearl and Velvet 4s 4d, f.o.b. Fowl Wheat—3s 9d to 3s lOd a bushel. „, ~ Oats—Gartons, 2s to 2s sd; Algerians 2s to 2s 4d; Duns, Is lOd to 2s 6d, according to quality. Chaff—£3 to £3 ss. Barley—2s 6d to 3s 6d, according to quality. „ _ nJ Partridge Peas—ss to 5s 9d. Linseed—£l3 a ton. Cocksfoot—Akaroa, 9£d to ll^d. Ryegrass—Perennial, Italian and Western Worths, 2s 9d to 3s 3d. Clovers—White 6d to 9d, red 9d to lid. Potatoes (April, May, June delivery) —£4 to £4 ss.

Onions—Prompt, £7. , . . nf . Bran—Local £5 15s, shipping £5 5s Flour—Local £l2 12s, shipping £ll 17s, with the usual increments for smaller packings.

AUCKLAND MARKETS. AUCKLAND, March 12. The most notable happening of the week in the grain and produce markets has been a sharp decline in the price of Australian pollard 1 , which can now be landed to sell in Auckland at from £6 10s to £6 15s per ton. Some business has been reported as low as £6 ss, ex the ship. The demand at present is not nearly as keen as it was, although the lower prices will tend to stimulate trade. Stocks held by local mills are light, and their prices are unchanged. Meantime the market for fowl wheat is very firm, but there has been no further advance in price. It is believed here that those chiefly concerned in the southern wheat trade are not anxious that the present comparative shortage should be utilised to send prices up 1o an extreme level, lest it inspire an agitation against the existing duties. The present local wholesale rate is 5s 9d per bushel. A lew lines of under-grade good serviceable samples have come t° hand and are selling at 3d a bushel cheaper. The demand for maize is only moderate, and it would appear that the recent advance in price has checked consumption. Australian barley is still dear and the price across the Tasman has gone up another penny. The potato market is virtually unchanged. The best still come from the Ohakune district, and the Manawatu consignments continue unreliable. Small lots have come up from the south on consignment, but the quality is poor, as it is too early yet for satisfactory shipments. The market is still plentifully supplied with Canterbury onions, which are selling locally at lis per cwt. Wholesale current prices:— Pollard and Bran—Mill prices: Polard £7 10s, bran £5 15s per ton; merchants' prices, pollard, local £7 5s per ton, Australian £6 10s to £G 15s; bran £G. Oats —Feed B Gartens 4s per bushel,

A Gartons 4s 3d, clipped Duns 4s 7d, clipped Algerians 4s 9d, clipped A Gartons 4s 9d.

Fowl Wheat—Canterbury, graded 5s 9d per bushel. Maize—4s 8d per bushel. Barley—Feed, clipped, 4s 3d per bushel, seed Cape 5s per bushel, barley meal 9s per 1001 b. Wholemeal—9s per 1001 b. Chaff—G.B.O.S. £7 10s to £7 12s 6d per ton for southern. (Potatoes —Ohakune lis per cwt. Onions—Canterbury lis per cwt. WHEAT PRICES IN BRITAIN. LONDON, March 11. Wheat cargoes are steady, rates being maintained. In parcels trading is slow. Futures are quoted: London — April 20s 3£d per quarter, June 21s lid; Liverpool—March 4s 7Jd per cental, Mav 4s lOfd, July 5s Id, October 5s 3£d. AMERICAN WHEAT QUOTATIONS. NEW YORK, March 11. Wheat quotations are: — Chicago—May 932 cents a bushel, July 89 cents, September 88£ cents. New York—Cash 112 f cents a bushel. SYDNEY WOOL SALES. SYDNEY, March 12. At the wool sales 9518 bales were offered and 8997 sold also 2647 privately There, was keen and widespread competition from Yorkshire and Japan with better support from the Continent. Greasy merino made 16id, while cross-bred made the record price ot 152 d.

THE SHARE MARKET. The following salea were made on the Christchurch Stock Exchange yesterday : LISTED STOCKS. Sales on 'Change. £ s. d.

£200 N.Z. Govt. 4 p.c. Ins., 1943-46 105 10 0 5 Bank of N.S.W. ... 30 0 0 15 Union Band 8 10 0 300 Stockton Coal (ord.) 0 1 6 100 Broken Hill Prop. ... 2 11 6 100 Dunlop Rubbers 0 18 0 1 .100 Sun Newspapers ... 0 4 200 Golden Sands 0 2 3 500 Mahakipawa (pref.) (1930 issue) 0 1 3 100 Okarita 0 7 6 200 N.Z. Refrig. (10s pd.) (2) 0 8 l<i 50 N.Z. Breweries 2 11 6 100 Burns, Philp 3 1 0 100 Electro. Zinc (pref. cum div.) 1 15 8 440 Big River ' (2) 0 2 ■H 200 Maori Gully 0 1 41 1500 Mahakipawa 0 0 11 0 0 10'i 100 Mount Morgan 1 17 3 Sales Reported. £ s. d. 50 E., S., and A. Bank 4 19 6 5 Bank of N.S.W. ... 30 0 0 25 Reserve Bank 6 9 6 150 Standard Insurance 3 12 0 21 Invincible Build. Soc. 5 0 0 100 British Tobacco (cum div.) 1 17 9 50 Broken Hill Prop. ... 2 11 6 400 Quill, Morris (in liquidation) 0 4 0 4 7 6 583 Gillespie's Beach ... 0 1 7* 200 Mount Lyell 0 17 9 300 Waihi Grand Junction 0 4 9 200 Maori Gully 0 1 5 UNLISTED STOCKS. Sales on 'Change. £ s. d. 100 Upper Watut (2s pd) 0 5 11