COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 241, 25 July 1935, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Merchants report a quiet week on the Ashburton grain, seed and produce market. Following heavy shipments of potatoes to the North Island the market has eased in the meantime. North Island merchants appear to .have sufficient supplies until the early part of next month. There is a gbod demand for early seed lines, but supplies are limited. There has been a steady demand for seed wheat, and it is anticipated that an average acreage will he sown. Garton oats of good quality are in keen demand for seed purposes. Odd trucks of oatsheaf chaff have been sold during the week. In the absence of overseas orders, the Partridge pea market remains quiet. The following are prices to he paid to farmers, on trucks at country stations, sacks extra unless otherwise mentioned:— Wheat—New season’s: Tuscan 4s 4d, Hunters 4s 6d, Pearl and Velvet 4s 8d (all f.0.b.). Good whole fowl wheat 3s Bd. Wheat seconds 3s 3d to 3s 6d. Oats —Gartons 3s to 3s 2d, Algerians 2s 6d to 2s Bd, Duns 3s 3d per bushel. Chaff —Good bright oatsheaf £3 os. Grass Seeds —Perennial Italian and Western Wolths 2s 6d to 3s, cocksfoot lOd, white clover 6d to 9d, red clover 9d. / Partridge Peas —No. 1 grade 5s lOd, f.a.q.’s ss. Potatoes —Whites and Dakotas £6 5s per ton. SOUTH CANTERBURY.

TIMARU, This Hay. Potatoes remain the chief feature of the South Canterbury grain, seed and produce markets this week. As was stated last week, the heavy shipment of 14,000 sacks to the North Island lias had its effect on the market. This is shown in the absence of orders at present. It is understood that there will he a further shipment to-day and another before tlie end of the month. It is possible that the latter shipment will be a heavy one for July commitments, and it may have a further weakening effect on the market. It may he stated, however, that there is a definite demand for potatoes, and that it should continue for a month or two at least, as there are only small offerings of new potatoes in August, and tlie wet weather experienced in parts of the North Island will have some effect on the new crop. It is also understood that the south will probably be coming on to this market, and although tlie market is over-supplied at present, potatoes are fairly certain to remain at a remunerative price for the rest of the season. It is believed that with the good prices offering for potatoes this year, large areas are being made ready for next season’s crop. Fair quantities of fowl wheat have been shipped to the North Island, but this is mostly Board wheat, which is offered at 4s Id f.o.b. Free wheat is worth 3s 8d a bushel on trucks.

A few inquiries are coming to hand from the North Island for A and B Garton oats at 3s 3d a bushel on trucks for A’s and 3s for B’s. There are only odd lines offering. Algerians are worth 2s 7d. There is still inquiry for Duns, but very few lines are offering. Up to 3s 10d has been paid for dark heavy Duns, i

Owing to the price of oats a fair amount of chaff has been offering, and there has been a good inquiry from the south at £3 5s to £3 10s a ton on trucks.

The market for partridge peas is quiet, and so far the overseas inquiry of previous seasons has not been maintained. Nominal quotations are 5s 8d to 5s 9d a bushel on trucks.

Potato prices are: Whites £6 5s a ton on trucks, Dakotas £7 ss, and Sutton’s Supreme £7 10s. At the moment there are no buyers at these figures. Seeds are quoted as follow:—Ryegrass, Western Wolths and Italian 2s 9d a bushel on trucks, cowgrass 7d to 8d per lb, white clover 8d to lOd, cocksfoot (Plains) 8d a lh. There has been no change in the prices of flour, bran and pollard.

THE STOCK SALES. ADDINGTON. (Per Press Association). CHRISTCHURCH. July 24 A short entry of fat cuttle at the Addington market to-day was reflected in the sharp advance in the price of beef, equivalent to 2s 6d per lOOrb. Mutton values were maintained and there was a strong demand lor all classes of store sheep. Store Sheep—Forward wethers sold to 24s Id, and the first line ol the season oi: ewes and lambs, all counted, Fat Sheep—There were 4100 penned wethers maintaining their values, but big ewes were a shade easier. Show wethers made to 40s Id, prune 2os to 32s Id, ordinary 21s to 245; best ewes 25s to 29s 7d, medium to good 22s to 24s 6d, others 14s to 21s. Fat Cattle—There were 360 penned, which met a keen sale at an advance of up to 25s a head for good steers. Good beef made from 27s 6d to 2Js 6d, extra to 31s, medium 24s to 20s 6d, ordinary 21s to 23s (id per 1001 b. Extra prime heavy steers sold to Llo 12s Od, prime heavy to £l2 ios, prime medium-weight £9 5s to £ll IDs, ordinary £6 5s to £8 10s, extra pume heifers to £ll 2s Od, prime heavy £0 5s to £8 10s, medium £4 los to £o 15s, extra prime cows to £lO /s od, prime £5 10s to £7 10s, and ordinary £4 5s to £5 ss. Fat Pigs—There was an average demand porkers being slightly easier. Baconers made 42s to £3 18s (average 5-id to sid lb) and porkers 23s to £2 7s 6d to 5-id).

BURNSIDE. 'A DUNEDIN, July 24. There was an improved market in the beef section at the Burnside sale to-day. The entry numbered 232, and comprised tor the most part medium quality bullocks, with odd consignments of prime heavy cattle and. the usual proportion of cows and heifers,

several pelinings of the latter being of exceptional quality. Tlie sale opened with' prices firm, hut s the market quickly improved, prime heavy bub locks selling from 15s to 20s a head in excess of last week’s values. Medium bullocks appreciated about 10s a head, cows and heifers selling firm at late rates. A very small entry of 60 head was offered in the store cattle section. The offering included odd pens of steers, which met a keen demand, while vealers, on account of the short supply, found ready buyers. There was no appreciable change in prices for the assortment of boner and graziers’ cows. There was a small entry of 19 dairy cows of mixed quality. Any young cows close to profit were in demand, and the top price realised in this class was £7 ss. Old and backward sorts were not required. In the sheep section a medium entry of 1481 was offered, the hulk being ewes, with a few consignments of wethers and a sprinkling, of hoggets. Despite the short supply of wethers, there was no appreciable change in prices, hut prime heavy ewes showed an increase in value from Is to Is 6d a betid. Medium quality ewes were a shade firmer, but light and unfinished sorts were not in demand and were hard to l quit. Hoggets sold firm at late rates. There was a large entry of 179 fat pigs of mixed quality, with only a small percentage of really prime sorts. Good baooners were in demand, and the lighter grades were readily disposed of at firm prices. The 61 store pigs forward met an improved market, good stores selling from I4s to 18s.

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

Sales on ’Change. £ s. d. 100 Com. Bank of Aust. (cum div.) 0 16 11 50 Natl. Bank of A/asia. (£’ paid) 6 9 9 50 Dalgety and Co (2) 8 2 6 109 Goldsbrough, Mort... 1 10 2 200 N.Z . Refrig. (10s paid) 0 9 11 50 New Zealand Breweries 2 13 1 250 Timaru Brewery (7s 6d paid) 0 9 2 300 Anthony Hordern (2) 1 0 1 0 2 3 100 Consolidated Brick ... 0 11 0 200 Dunlop Rubber (2) 0 15 9 200 Electro. Zinc (ord. cum div.) 1 8 i 1 8 9 600 Mount Lyell .1 0 1 (6) 1 0 2 Sales Reported. £ s. d. 1000 Maori Gully 0 1 6 £200 N.Z. .Farmers’ Co-op. 4-if pc., Stock, 1940 . 87 0 0 250 Timaru Brewery (7s pd paid) 0 9 1 100 National Insurance ... 1 0 11 UNLISTED STOCKS. Sales on 'Change. * £ s. d. 50 Woohvorths (Sydney) ord. 4 16 6 4 17 0 Sales Reported. 500 Argo Gold 0 1 4| 100 Westland Breweries 0 9* 3 50 Woohvorths (Sydney) ord. 4 16 0 4 16 6