COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 169, 1 May 1935, Page 7

COMMERCIAL NEWS

ASHBURTON STOCK MARKET. THE CONCLUDING SALES. Concluding sales at the Ashburton stock market yesterday were as follow :—. Fat Ewes—On account of T. JLemon (Lauriston), 13 at 11s lOd, 15 at 10s 7d; J. Cairns (Winchmore), 7 at 17s 7d, 6 at 15s lOd; YV. Brown (Dromore), 20 at 11s lid ; L. King (Mount Somers), 34 at 11s lOd; Fox’s estate (Fairton), 12 at 12s lOd, 8 at 13s lOd, 7 at 11s lOd, 87 at 11s 7d; J. C. Heseltine (Ashburton), 12 at 14s 4d, 9 at 12s Id, 9at 11s lOd; R. J. And.erson (Mayfield), 8 at 16s lOd, 7 at 17s Id, 6 at 15s 7d, 9 at 14s lOd; William Wakelin (Winchmore), 10 at 13s Id, 12 at 11s lOd, 2 at 11s Id. Fat Lambs—On account of W. Brown (Dromore), 9 at 16s 4d; Fox’s estate (Ashburton), 32 at 17s 7d; J. C. HeseL tine (Ashburton), 45 at 18s 7d; R. J. Anderson (Mayfield), 1 at 15s 3d. Store Sheep Ninety-eight fullmouth half-bred ewes at 15s 6d, 49 two and four-tooth half-bred ewes at 27s 6d, 107 m.s. lambs at 15s 7d, 141 fail-ing-moutli ewes at 12s. 78 ewes at 6s, 54 two-tooth ewes at 255, 31 two-tooth wethers at 16s 4d, 49 wethers at 14s, 46 at 9s 6d, 20 at 11s 4d, 23 at 11s Id, 221 at 13s 3d.

ABERDEEN ANGUS SALE.

TOP PRICE, 310 GUINEAS.

HASTINGS, April 30

The Waiterenui Aberdeen Angus dispersal sale was concluded to-day, the total realisation being about £12,462. The top price was 310 guineas, paid for a rising two-year-old bull, others making to 200 guineas. Heifers sold to 200 guineas, with several making from 120 guineas upwards. Buying was well distributed, with Australian agents securing several selections, and leading North Island breeders purchasing freely.At the conclusion of the sale 60 head of the Glen Aros herd of Mr James Mac far lane were offered, making £1987. The top price for bulls and heifers respectively were 70 and 42 guineas.

GRAIN AND PRODUCE. CHRISTCHURCH MARKETS. CHRISTCHURCH, This Day. The grain and produce markets continue quiet in all sections, with prices unchanged. The Wingatui will take about 5000 sacks of potatoes from Lyttelton for Auckland on. Thursday. Farmers are not selling potatoes freely, though there is a- fair demand from the North Island. Dakotas, which are slightly easier in price, are more plentiful than whites, the main digging of which is just starting. Following are nominal prices quoteu to be paid to farmers on trucks at country stations, sacks extra unless otherwise mentioned:— Milling .Wheat —May delivery, Tuscan 4s 2d, Hunters 4s 4d, Pearl and Velvet 4s 6d f.o.b. Fowl Wheat—3s 9d to 3s lOd a bushel. , ~ Oats—Gartons 2s 3d to 2s lOd; Algerians 2s to 2s 3d, Duns 2s 9d to 3s, according to quality. Chaff—£3 2s 6d to £3 ss. Barley—2s 6d to 3s, according to quality. Partridge Peas —5s 3d to 5s lOd. Linseed—£l3 to £l3 10s a ton. Cocksfoot —Akaroa, to lid. Ryegrass—Perennial, Italian and Western Wolths, 2s 9d to 3s 3d. Clovers—White 6d to 9d; red, 7d to 9d. Potatoes—Prompt delivery £4, MayJune £4, Dakotas £3 15s to £4. Onions—Pronyit £lO to £ll a ton. Bran —Local £4 10s.

Pollard—£s 5s large size, £5 15s small size. . Flour—Local £l2 12s, shipping £ll 17s, with the usual increments for imaller packings. '

AUCKLAND MARKETS. AUCKLAND, April 30. Pollard and Bran— I The Australian pollard market has continued firm, and as Dominion supplies are diminishing, southern millers have raised their price 5s per ton. No alteration has been made locally, but it may be assumed that the southern lead will be promptly followed here. The demand is good Bran is quiet and unchanged. Oats—The southern market lor teea oats is very firm, and, were it not that local requirements are small, the price would be forced! up. Current quotations are unchanged at 4s per bushel, through store, for B Gartons. Chaff—Chalf also tends to firmness, but here, as in oats, there is no change in local charges. Wheat While the southern wheat market is eteady and firm, several local dealers have been able to sell from well-bought stocks at pi ices slightly below Lyttelton parity, but they have now adjusted their rates on a. level with current market values Quotations range from 5s 9d to os 10d per bushel. Maize— Though prices for maize are unchanged at 4s 7d per bushel, the market is hesitant, due to the eauy advent of new season’s supplies. Potatoes —This week’s shipment of potatoes from the south is a small one, with the result that local rates are considerably above f.o.b. values. A shipment which arrived last week contained a fair proportion of lines showing indifferent quality, and as a consequence merchants are buying guardedly, taking their supplies ex the wharf after careful inspection. Onions—Onions are still in short supply, but the comparatively high prices ruling are checking consumption. Orders have been placed for a Japanese shipment due to arrive in Auckland in the first week in August. Wholesale current prices:— Pollard and Bran—Mill prices: Pollard £6 per ton, bran £5 15s; merchants’ prices, pollard, local £6 5s per ton, Australian £6 15s, bran £6. Oats —Feed B Gartons 4s per bushel, A Gartons 4s 3d; clipped Duns os 3d; clipped Algerians, 4s 9d; clipped A Gartons 4s 9d. Fowl Wheat —Canterbury, graded 5s 8d to 5s 9ct per bushel. Maize—4s 7d per bushel. Barley—Feed, clipped, 4s 3d) per

bushel; seed, Cape 5s 6d per bushel; barley meal, 9s per 1001 b. Chaff—G.b.o.s. £7 lOte to £7 12s 6d per ton for southern. Potatoes —Southern £8 10s per ton. Onions—Pukekohe, 14s to 14s 6d per cwt.

WHEAT PRICES IN BRITAIN. . . LONDON, April 29. - Following advices of improved condition of spring sowings in the United States and Canada and lower Winnipeg quotations, sellers of wheat cargoes reduced prices to 3d. There was little response by buyers. Futures are quoted:—London: Ajjril, _ 23s 6d per quarter; June, 23s 9d. Liverpool: May, 5s 4£d per cental; July, 5s 7Jd; October, 5s 9d; December 5s IOJd. THE WOOL SALES. THE WELLINGTON RETURNS. WELLINGTON, April 30. The Wellington Woolbrokers’ Association reports that at the fifth and final sale of the season, at Wellington on April 13, a total of 9758 bales was offered, 9193 being sold and 565 passed in. The net weight of wool sold was 3,379,5961 b, and the gross proceeds £92,331 4s 2d. The average price per bale was £lO 0s IOJd, and the average per lb 6.557 d. The gross proceeds of the five Wellington sales this season total £812,202, compared with £1,923,838 for the corresponding sales of last season.

BANK OF NEW SOUTH WALE®. THE QUARTERLY DIVIDEND. The Directors of the Bank of New South Wales have declared an interim dividend for the quarter ended March 31, 1935, at the rate of 5s per share in Australian currency at date of payment. The dividend, which is at the unchanged rate of 5 per cent, per annum, will be payable at head office on May 29, and at branches on receipt of advice. Transfer books close on May 1.3. THE SHARE MARKET.

The following sales were made on the Christchurch Block Exchange yes terday:— LISTED STOCKS.

UNLISTED STOCKS. Sales on 'Change. £ s. d. 100 Upper Watut (2s paid) 0 5 5

BRADFORD WOOL MARKET.

LONDON, April 29. The Bradford tops trade is firm, but there is not much business.

Sales on ’Change. £ s, d. 200 Comm. Bank of Aust. (2) 0 15 11 10 Reserve Bank ... ... 6 13 0 100 Natl. Insur. (cum div.) 1 1 7 100 N.Z. Refrig. (10s paid) O 9 0 535 N.Z. Breweries (6) 2 15 0 10 Colonial Sugar 42 10 0 300 Dunlop Perdriau Rub. 0 17 2 0 17 1 200 Electrolytic Zinc (pf.) 1 14 0 1 14 3 200 Big River O 2 5 200 King Solomon (2) 0 4 7 600 Mahakipawa 0 0 8 2400 Maori Gully (2) 0 1 7 (3) 0 1 71

Sales Reported. £ s. d. 100 Waitahu (late sale Monday) 0 3 0 50 Mount Lyell ... 1 1 0 . 200 King Solomon 0 4 7 2000 Goldfields Drgdg. 0 0 61 200 Gillespie’s Beach 0 1 51 200 Big River 0 2 51 250 Sun Newspapers 0 5 3 200 N.Z. Paper Mills (cum div.) ... ... 1 14 6 400 Dunlop Rubber 0 17 3 0 17 2 0 17 3 200 Goldsbrough, Mort (2) 1 10 6 100 National Insurance ... 1 1 7 51 Reserve Bank ' (4) 6 13 0