COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 243, 27 July 1935, Page 7

COMMERCIAL NEWS

FRUIT AND PRODUCE. THE ASHBURTON MARKET. Values of commodities on the Ashburton fruit and produce market this week have shown some alteration. Potatoes are firmer, but onions have eased. Both marrows and sw r edes are also cheaper, and pears are off the market. Values are as follow: Potatoes—-15s a sack. Bacon—lOd and Is a lb. Wheat—Seconds, 12s to 13s a sack. Honey—7d to 7|d a lb. Onions — to 2d a lb. Onions —2d_ a lb. Cabbages —3d and 4d each. Apples—Delicious 7s 6d to 8s 6d, Wolseley 7s 6d to Bs, Sturmers 6s and 7s. Marrows —3s to 4s a dozen. . Chaff—2s 3d and 2s 6d a sack. Pumpkins—ld a lb. Walnuts —5d and 6d a lb. Pie-melons —l£d to lsd a lb. Carrots—2s 6d a sugar bag.

Celery—3d a bundle. Swedes—ls 6d and 2s a subar-bag. Parsnips 2s 6d to 3s a sugar-bag. Leeks—3d a bundle. Cauliflowers —3s to 4s a dozen.

grain and produce. CHRISTCHURCH MARKETS. CHRISTCHURCH 1 , July 26. Grain and produce markets have been quiet this week and no change ha 9 occurred in prices for grain. High values for oats, particularly for Gartons and Duns, are causing farmers to thresh more, and they are finding it profitable to thresh stacks which normally they would be keeping for chaff. More oats are therefore offering than a few weeks ago, and values, if anything, are easing slightly. Little business is doing in cocksfoot, ryegrass and but these markets are expected to pick up, next month and a good demand is anticipated in the spring., Few North Island orders have come in for potatoes, and markets have been correspondingly quiet. Recent shipments to the north have kept the demand from there below normal, . and with prices a little lower farmers have not been very keen to sell. Following are nominal prices quoted to bo paid to farmers on . trucks at country stations, sacks extra unless otherwise mentioned:—

Milling Wheat—July delivery: Tuscan 4s 4d r Hunters 4s 6d, Pearl and Velvet 4s 8d f.o.b.

Fowl Wheat—3s 9d to 3s lOd on trucks, South Island. Ex-Wheat Purchase Board, 4s Id f.o.b. for North Island only and 4s 4d for South Island. . Oats—Gartons 2s 9d to 3s 3d, Algerians 2s to 2s 3d, Duns 3s to 3s 6d, according to quality.

Chaff—£3 ss. Barley—2s 6d to 3s, according to quality. Partridge Peas—ss to 5s 6d (nominal). Linseed—£l2 to £l3, according to quality. Cocksfoot—Akaroa, 9sd to lid. Ryegrass—Perennial, Italian anjJ Western Wolths, 2s 9d to 3s 3d. Clovers—White 6d to 9d; red, 7d to 9d.

Potatoes —Prompt delivery, Sutton’s Supreme £6 10s, Dakotas £7 on trucks; white, £6 10s on trucks, prompt. Bran—Local, £4 15s; shipping, £4 10s.

Pollard—Local, £5 15s; shipping, £5. Flour—Local £l2 7s shipping £ll 12s, with the usual increments for smaller lots. DUNEDIN. DUNEDIN, July 26. Little attention is now being paid to the milling wheat market. ■ Seed wheat continues to be inquired for, and right throughout the South Island there will be a much larger area sown than has been the case for some years. The fowl wheat market at this centre is steadier. Supplies to hand are on the short side, and these have been supplemented by deliveries from Canterbury. The wholesale value rules at 4s 8d to 4s 9d a bushel, sacks extra, ex truck, with small lots ex store worth ss.

Prices for oats continue firm, with practically no business passing. There are not sufficient stocks held in local stores to enable quotations to be made for sales to the North Island, as lines available will, be required for seed purposes in this district. Oats are not on offer from the country, and the nominal quotation to farmers is 3s Id, sacks extra, fo rheavy A Gartons, 3s for ordinary A’s, and 2s 9dj for B’s. Millers have ample stocks of oats to see them through the season. Seed lines are still in demand.

Merchants are still drawing their supplies of chac from Canterbury. The value of the best quality is £5 a ton, sacks extra, for truck loads, and £5 10s ex stores. The local potato market did not follow the advance in the north. The value in Dunedin for freshly-picked lines is £7 a ton, sacks included, for Arran Chiefs, with higher prices ruling for King Edwards. There is no improvement in the wholesale seed market, which is exceptionally quiet, and weaker than it has been for a number of years. There is a lack of confidence, and indications point to lessened demand from overseas. Stocks of cocksfoot are on the light side, and these will be required for spring trade. Certified ryegrass is also in short supply.

MELBOURNE MARKETS. MELBOURNE, July. 26 Wheat—3s 2£d, 3s 3d. Flour—£lo 7s 6d. Bran —£4 15s. Pollard—£s ss. Oats—2s 3d. Barley—English, 2s 7d to 3s. Maize —4s 6d. Potatoes—£lo to £lO ss. Onions—£9 ss.

WHEAT PRICES IN BRITAIN

LONDON, July. 25. Wheat cargoes are steady and parcels are firmer. The spot trade is more

active. Futures are quoted:—London: September, 21s 9d per quarter. Liverpool : July, 5s Ifd per cental; October, 5s o£d; December, 5s o|d; March, 5s o£d. Australian, ex ship, 28s.

CHICAGO. WHEAT QUOTATIONS. NEW YORK, July 25. Wheat quotations are: — Chicago: July, 86 cents a bushel; September, 86&; December, 87£; May, 9Qa. New York (cash): 108|. THE SHARE MARKET. The following sales wer* made on the Christchurch Stock Exchange yesterday :- LISTED STOCKS.

DAIRY PRODUCE IN LONDON. LONDON, July 25. The butter market is firm and the demand active. Danish, 108 s per cwt; choicest sfilted, New Zealand 93s per cwt, Australian 90s. Unsalted butter is scarce. New Zealand 96s per cwt, Australian 91s. The cheese market is firmer. New Zealand coloured 44s per cwt, white 44s 6d; Australian coloured 42s to 43s per cwt. Supplies of white cheese have been cleared.

The National Mortgage and Agency Company of New Zealand, Ltd., advise having received the following cablegram from their principals, Messrs A. J. Mills an<J Co., Ltd.: — Butter—Market firm. Finest 925, firsts 91s, Danish 104 s, f.o.b. 86s, Australian 90s. Cheese —Market is firm. White 44s to 44s 6d, coloured 43s 6d to 445; Canadian new season’s 50s to 525.

Sales on ’Change. £ s. d. 50 Nati. Bank of N.Z. 3 8 9 100 Bank of N.Z. 2 11 4 25 Reserve Bank 6 9 9 100 National Insurance... 1 0 6 100 Goklsbrough, Mort... 400 N.Z. Refrig. (10s pd) 1 11 3 0 (2) 0 10 (2) 0 9 11 600 Kaiapoi Woollens (17s paid) ... (4) 0 16 3 106 Christchurch Gas (cum div.), odd lot 1 16 3 200 Anthony Hordern (2) 200 Broken Hill Propty. 1 0 1 (3) 2 18 7 2 18 6 400 Dunlop Rubber (2) 0 15 11 0 15 10 100 Electro. Zinc (cum div.) 1 9 0 100 N.Z. Farmers’ Co-op. (10s paid) 0 0 2 100 N.Z. Newspapers ... 1 18 9 200 Big River 0 1 111 1000 Maerewhenua 0 0 2 500 Maori Gully (2) 0 1 51 Sales Reported. £ s. d. 300 Big River (late sale Thursday) 0 2 0 100 Standard Cement 100 N.Z. Farmers’ Co-op 1 3 3 (“A” pref.) 2 0 0 300 Kaiapoi Woollens (17s •paid), late sale Thursday 0 16 4 UNLISTED STOCKS. Sales on 'Change. £ s. d. 250 Woolworths (Sydney), ord. 5 0 6 (2) 5 1 6 5 2 0 5 2 6 Sales Reported. £ s. d. 75 Woolworths (Sydney), ord. 5 0 6 • o 1 0