COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 130, 14 March 1935, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. The current period on the Ashburton grain, seed and produce market lias not been of an exceptionally brisk nature. All sections are firm with little business passing. Stack threshing of wheat has commenced and the samples are on the whole of good quality. The market for fowl wheat remains the same but offerings are limited. Llmm is a good demand for Garton oats of heavy weight. These are, however, difficult to locate. Good, dark heavy Duns are also in strong demand but here again supplies are short. Odd lines of partridge peas continue to appear and are firm at recent quotations. ~ The following are prices to be paid to farmers, on trucks at country stations, sacks extra unless otherwise mentioned:— Wheat—New season's: Tuscan 4s, Hunters 4s 2d, Pearl and Velvet 4s 4d (all f .0.b.). " Good whole fowl wheat 3s Bd. Wheat seconds 3s to 3s 3d. Oats—Gartons 2s to 2s 3d, Algerians 2s to 2s 3d, Duns 2s to 2s 3d per bushel. , , „ Chaff—Good bright oatsheai £3 5s per ton. , Grass Seeds—Perennial Italian and Western Wolths 2s 6d to 3s, cocksfoot 7d to 9d, white clover 6d to 9d. Partridge Peas—No. 1 grade'ss to 5s 6d f,a.q.'s 4s 6d. SOUTH CANTERBURY. (Special to the "Guardian.") TIMARU, This Day. The chief inquiry in the South Canterbury grain, seed and produce markets during tine week has been for all green feed lines—-Algerians, Duns, Cape and black barley, and owing to the higher prices for various lines ot poultry feed, buyers are interested in all cheap lines of peas, wheat seconds and undergrade oats. ' Very few lines of milling wheat are now offering, and the majority ot stocks should be cleaned up by the end of this month. Current prices are :- . Tuscan 4s, Hunters 4s 2d, and Velvet ,4s 4d ar bushel, f.0.b., sacks extra. The fowl wheat market has not been quite so steady this week, the value being 3s lOdi a bushel on trucks, handy stations. ■,. , A There ihas been a fair demand tor a and B Gartons at 2s od a bushel on trucks for A's and 2s 3d forß s A good inquiry has been apparent tor good dark heavy Duns, which are worth 2s lOd a bushel on trucks. Algerians are in good demand, the nominal quotation being 2s 6d a bushel on trucks. . No. 1 partridge peas are meeting with a good demand at 5s 6d to 5s 7d a bushel on tracks. Barlev quotations are: Black ds yd. Chevalier 2s 9d to 3s, and Cape 2s 6d a bushel on trucks. The value of chaff is £3 5s to £3 10s a ton on trucks. Very little business is passing in potatoes, which are nominally quoted at £4 10s a ton on trucks. There is very little, if any, inquiry for Western Wolths, Italian. and Ryegrass, nominal quotations being 2s 9d for ryegrass, and 3s a bushel on tracks for Western Wolths and Italian. Cowgrass is worth 9d iper lb., according to quality, cocksfoot 8d to 9d, Crested Dogstail Is to Is 3d (dressed), according to quality. Brown Top is considerably weaker and is quoted at Is 3d per lb (dressed). Chewings Fescue is bringing 2s oer lb. Flour-200's £l2 12s, 100's £l2 17s, 50's £l3 2s. 25's £l3 7s, F. 0.8 to North Island ports the price is £ll 17s for 200's and 5s extra for each of the smaller packs. Wheatmeal £1 a ton reduction on above prices. Bran—Large packs £4 10s and £o (local and North Island), small packs £5 (local). , Pollard—Large packs £5 15s and £5 5s (local and North Island), small £6 5s (local).

THE SHARE MARKET. The following sales were made on the Christehurch Stock Exchange yesterday : LISTED STOCKS. Sales on 'Change. £ s. d. 25 Com. Bank of Aust. (pref.) 9 17 6 300 National Insurance (3) 112 200 N.'Z. Breweries ... 211 7 2 11 6 60 Tooths Brewery ... 2 8 3 • 100 British Tobacco (cum div.) 1 17 9 300 Dunlop Rubber (3) OIS 0 100 Electro. Zinc (0rd.)... 12 0 900 Big River (4) 0 2 3 200 Kildare 0 3 6 0 3 5J 500 Mahakipawa ... 0 0 10* 200 Mossy Creek ... 0 2 6 100 Mount Lyell ... 017 10 800 Skippers (2) 0 0 5J Sales Reported. £ . s. d. 100 N.Z. Breweries ... 211 7 100 Electro. Zinc (ord.) 12 0 TOO Alexander Mines (15s paid) 0 16 9 IdOO Brian Born' 0 0 2f 500 Mahakipawa (late sale Wednesday ... 0 011 200 Waihi Grand June... 0 4 9 UNLISTED STOCKS. Sales on 'Change. £ s. d. 500 Argo Gold ... 0 15 200 Woolworths (Sydney, ord.) 4 10 6 THE STOCK SALES. ADDINGTON.

CHRISTOHURCH, March 13. Entries generally were larger at to-day's Addington market, and in most sections there was a slight easing. Store lambs—There was a heavy penning of about 15,000, principally backward lambs from stations. Recent values were about maintained. Rape lambs made 13s to 15s 7d, ordinary wether 9s to 12s and ordinary ewe 15s to 16s 3d.

Store heavy entry included Chatham Islands and Nelson

sheep. Good ewes maintained recent rates, but ordinary and inferior were easier. Extra good Romney twotooths made to 31s 9d, best half-bred to 28s 6d, extra good s.m. 21s to 22s 3d, good s.m. 17s to 17s 9d, medium 15s 6d to 16s 3d, and inferior lis to 12s 6d. Fat lambs—There was an entry of 2500 and a weaker sale, schedule rates not being maintained for lighter sorts. Best sold to 29s Id, prime heavy 22s 6d to 255, and others 18s to 225. Fat sheep—The 4250 penned met a dragging sale, wethers being dowh by Is a head and ewes by Is to Is 6d. Bes wethers made 25s to 27s Id, prime 22s to 245, medium 19s to 21s 6d, light 14s to 17s 6d, best ewes to 23s Id, prime 19s to 21s, prime medium weights los to 18s 6d, others 9s to 14s 6d. Fat cattle —There were 485 penned, and an average 'drop in value of 10s a head. Extra prime heavy steers sold to £ll 12s 6d, prime .heavy £9 to £lO ss, medium weight prime £8 5s to £9 10s, ordinary £4 5s to £7 ss, extra prime heifers to £8 12s 6d, prime £5 to £6 10s, meditim £3 10s to £4 15s, light to £3, extra, prime cows to £7 12s 6d, prime £4 10s to £6 ss, ordinary £2 15s to £4 ss, light and aged cows 30s to £2 10s. Fat pigs—There was a good entry in the fat pig section. Baconers were firm at late rates, but porkers were slightly easier. Choppers made £2 to £4 18s 6d, baconers 47s 6d to 54s 6d, heavy baconers 57s 6d to £3 6s 6d, extra heavy baconers £3 8s 6d to £3 12s 6d (average price per lb 5-Jd to 6d); porkers 30s to 34s 6d, heavy porkers 36s 6d to 43s 6d (average price per lb 6d to 6£d).

BURNSIDE. DUNEDIN, March 18. There was a large entry in the fat cattle section and a medium yarding of fat sheep at Burnside sale to-day. The entry of fat cattle numbered 354: head, t resulting in an over-supply, and a consequent easing in values. There was a good selection of average quality cattle, but only a small proportion of prime sorts. Butchers found no difficulty in fulfilling their requirements. Competition was not very keen at any stage except for an odd pen of good cattle. The market opened with values showing a general fall and passings at the start of the sale were fairly frequent. The market closed with prime beef down 10s a head, and ordinary unfinished beef down 15s to 20s. Extra prime heavy bullocks sold to £ll 7s 6d, prime heavy '£B 12s 6d to £9 12s 6d, medium £6 17s 6d to £7 17s 6d, lighter sorts £5 to £6 7s 6d; prime cows and heifers brought £5 2s 6d to £7 2s 6d, medium £3 12s 6d to £4 7s 6d.

There were 227 store cattle forward, including several pens of steers and an over-supply of yealers. A pen of three and four-year-old steers in good condition realised £4 17s. Vealers sold at slightly lower rates than last week, while cull and graziers' cows were on a par with late rates. Included in the entry of 44 dairy cows were a few good quality cows. Up to £6 was realised for young cows close to profit, but indifferent sorts did not meet with a keen demand.

A medium entry of 1700 fat sheep was composed chiefly of ewes, with only a small proportion of wethers. The bulk of the ewes were of good throughout, prices showing little variation on last week's values. A small entry of wethers also met with a firm quality and the sale was steady sale. Prime heavy wethers sold at from 24s to 28s 3d, medium weights 22s to 245, lighter sorts 18s to 20s. Prime ewes sold to 20s 6d, prime me-dium-weight los to 17s, lighter sorts 12s to 14s.

In the fat lamb section 1130 were forward, the yarding being composed chiefly of medium quality lambs. Exporters operated freely at the full export rates and secured the bulk of the yarding, butchers buying only a small number. Butchers' extra prime heavy lambs made to 275, good freezing lambs 20s to 235, light and unfinished 16s to 18s.

There was a small yarding of 82 fat pigs. A good sale resulted, baconers making up to £4 15s, porkers from £2 to £2 15s.'

A small yarding of 51 store pigs met with a good market. Best stores made up to 18s, suckers from 9s to 13s.