COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 170, 2 May 1935, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASH BURTON MARKET. There are no changes in the Ashburton grain, seed and produce market quotations since last week. Business has not been extensive. A further increment of Id per bushel in the price of milling wheat took .effect from the beginning of May. Oats and potatoes are firm. Partridge peas have been quiet with sales at recent rates. > The following are prices to be paid '■jbo farmers, on trucks at country sta- - tibns, sacks extra unless otherwise mentioned :- Wheat—New season's: Tuscan 4s 2d, Hunters 4s 4d, Pearl and Velvet 4s 6d (all f.0.b.). Good whole fowl wheat 3s Bd. Wheat seconds 3s 3d to 3s 6d. Oats—Gartons 2s 9d to 3s, Algerians 2s 3d to 2s 6d, Duns 2s 6d to 2s 9d per -bushel. Chaff —Good bright oatsheaf £3 6s per ton. • ■Grass Seeds —Perennial Italian and Western Wolths 2s 6d to 3s, cocksfoot lOd while clover 6d to 9d, red clover 9d to lid. Partridge 1 grade 5s lOd, f.a.q.'s ss.

WHEAT MARKET IN BRITAIN. LONDON, April 30. Wheat cargoes .are slow, apart from slight Oriental interest in Australians, because -of poor business in flour. The British milling demand has subsided and there is no pressure to sell Manitobas in view of the threatened port strike in Vancouver. Parcels are quiet. Canadians and Plates are lid to 3d down. Australians are steady. Futures are quoted:— London: June 23s 9d per quarter. Liverpool: May 5s 3 5-8 d per cental, July 5s 6 5-Bd, October 5s B£d, December 5s 9sd. .

THE STOCK MARKETS.

ADDINGTON. (Per Press Association). CHBISTCHURCH, May 1. There was a record entry of fat cattle at Addington to-day, a heavier one of fat sheep, but a smaller one of ' store sheep. Store lambs sold at up to recent rates, all classes being in demand. Store sheep—Mostly old ewes were penned with a sprinkling of forward wethers. The latter met with a sharp advance of 2s a head, ewes being up * to recent rates. Fat Lambs—36oo were penned and met a good demand at the export schedule for medium weights, butchers taking the heaviersorts. Fat Sheep—The entry of 4500 was of better quality than of late, and there was a sound) sale with a slight easing for export ewes of from 6d to Is a head. Show wethers sold to 35s lOd, prime heavy 26p 6d to 29/6 J prime medium weights 24s to 265, and ordinary and light from 15s to 235. Show ewes sold to 27s lOd, prime heavy 21s to 245, prime medium-weight 1/s bd to 20s, and others 10s to 16s. . Fat Cattle—Bo6 were penned of mixed quality, some good lines being included from South Canterbury and the Peninsula. Best beef made from J/s 6d to 25s per 1001 b, medium to good 20s to 225, and secondary 16s to iys. Extra heavy prime steers sold to hU 12s 6d, prime medium-weight to heavy £7 15s to £9 ss, others £3 10s to £7; best heifers to £8 12sjd good £5 5s to £6 15s, medium £3 10s to £5, best cows £6 to £8 2s 6d, others £3 to £5. ~ Fat Pigs—There was an exceptionally heavy yarding, the market being overloaded. Choppers sold to iA los 6d, porkers 28s to 42s 6d (average price per % 5d to s£d), baooners 57s 6di Jo £3 4s 6d (average 4£d to sd).

BURNSIDB. DtUNESDIN, May 1. . An exceptionally large yarding of beef was offered at to-day's Burnside sale. Numbering 470 head, the entry comprised several consignments or good-quality bullocks and a sprinkling of good-quality cows and heifers. Ine bulk of the yarding, however, comprised medium-quality bullocks. Prices at the commencement of the sale depreciated by 10s a head and, although there was a slight improvement for better quality sorts about the middle of the sale, toward the close opening rates were barely maintained. The store cattle section attracted an entry of 305 head. Vealers were in over-supply and consequently reduced prices had to be accepted in this class. Several pens of steers were forward, but last week's prices were barely maintained. A pen of four-year-olds ■sold at £6 10s. A medium entry in the dairy section did not meet with much competition. Only young cows close to profit were in demand and late rates were hardly maintained in this class. Late carvers and backward sorts were neglected. There was a large entry in the tat sheep section, numbering 2491. A few trucks of heavy wethers of outstanding auality attracted keen competition and sold to 33s 9d. The bulk of the offering comprised ewes, and values for these were about 2s a head lower, than the previous week's extreme prices A" freeing sheep sold at current rates In the fat lamb section 1378 weie penned and only odd trucks of goodSity lambs were forward.. Butchers Jompeted keenly for all heavier grades and the freezing buyers operated on full schedule rates for the remainder of the yarding; . In the fat,pig section 147 were oenned. At the commencement of the Sale last week's prices prevailed, but there was a gradual easing in values. Baconers and porkers sold at a reduction of about 5s a head.

GERALDINE. The following prices were realised at the fortnightly stock sale held in Geraldine on Monday:— Fat Sheep—Five ewes at lis, 1 at 16s 4d. 20 at 12s, 12 at 13s 4d, 33 at 14s 7d, 10 at 18*, \7 at 15s 4d, 14 at lis 4d, 8 at 12s. Stores Twenty-five wethers at 16s lOd, 27 ewes at 16s Id, 30 wethers at 32s Id, 7 ewes at 12s 4d, 25 wethers at 17s 7d, 39 «wes fit 12s 4d, 5 ewes at

12s, 25 wethers at 17s 7d, 83 ewes at lis 7d, 40 ewes at 12s 7d, 25 wethers at 17s 7d, 19 ewes at 13s 10d, 34 at 12s 4d, 8 lambs at 23s 4d, 9 at 16s 7d, 24 at 14s Id, 22 at 18s 7d, 25 at 17s Id, 18 at 17s lOd, 23 at 19s 4d, 62 at 20s Id, 29 at 16s 7d, 30 at 18s 4d, 68 at 19s 4d, 67 at 18s 4d, 84 at 18s Id, 41 at 17s 4d, 30 at 17s 7d, 39 at 16s lOd, 26 at 17s lOd, 24 at 18s 7d, 43 at 18s lOd, 41 at 18s 7d, 75 at 17s Id, 86 at 16s 4d, 90 at 18s Id, 19 at 19s 7d, 25 at 16s Id, 108' s.m. ewes at 12s, 66 m.s. lambs at 14s Bd, 27 ewes at 6s lOd, 2 lambs at 5s 9d, 33 at 16s Bd, 20 ewes at 4s Id, 10 lambs at 3s 9d, 19 ewes at lis, 23 lambs at 14s 2d, 137 ewes at 16s, 50 at 16s Id, 2 English Leicester rams at £2 12s 6d, 19 ewes at 16s, 21 at 19s 4d, 21 at 12s Id, 23 lambs, at 12s 7d, 65 at 8s 7d. pio-, 0 _Four at Bs, 2 at 5s 6d A 1 at 12s 6d.

THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yes terday:— ■•■•-SB • LISTED STOCKS.

UNLISTED STOCKS.

Sales on 'Change, £ s. d. 200 Comm. Bank of Aust. 0 15 ,11 . 50 Natl. Bank of N.Z. ... 3 7 6 10 Bank of N.S.W. (cum div.) (2) 31 0 0 150 N.Z. Breweries (3) ■ 2 15 0 20 Colonial Sugar (2) 42 10 0 200 Sun Newspapers (2) 0 5 0 700 Big River (3) 0 2 5 1000 Mahakipawa (2) 0 0 8 3000 Maori Gully (4) 0 1 8 1000 Skippers ... 0 0 2* •100 Kauri Timber ... 0 19 0

Sales Reported. £ s. d 250 Mount Lyiell (late sale -April SO) 1 1 0 300 Golden Dawn 0 2 6 100 King Solonion 0 4 7 100 Sun Newspapers 0 5 1 1035 N.Z. Breweries (3) 2 15' 0 22 Reserve Bank 6 13 6 5 Bank of N.S.W. 31 0 0 50 Natl. Bank of N.Z 3 7 6

Sales on 'Change. o a A 25 Wool worths (Sydney), ord Sales Reported. 4 £ o. 0 s. a. 9 3 B A 500 Macetown ... ... 500 White's Electric Dredg. (6d paid) 9. a. 0 10 0 6