COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 246, 31 July 1935, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE, CHRISTCHURCH MARKETS, CHRISTCHURCH, July 30., Grain markets show slight changes in the last few days, and milling wheat for August delivery will be advanced a half penny as from Thursday. More oats are again offering, and although quotations are .unaltered, there is evidence of an inclination to ease. Not much has been offering in potatoes, but a better demand is evident for Dakotas, which are now quoted £7 10s on trucks. North Island demand has been limited, and to-day’s shipment from Christchurch and Timaru was expected to be from 4000 1 to 5000 sacks. Following are nominal prices quoted to be paid to farmers on trucks at country stations, sacks extra unless otherwise mentioned: — Milling Wheat—July delivery: Tuscan 4s 4d, Hunters 4s 6d, Pearl and Velvet 4s Bd, f.o.b. August delivery: Tuscan 4s 4£d, Hunters 4s 6|d, leail and Velvet, 4s S£d, f.o.b. Fowl Wheat—3s 9d to 3s lOd on trucks, South Island. Ex-Wheat Puichase Board, 4s Id f.o.b. for North Island only and 4s 4d for South Island. Oats —Gartens 2s 9d to 3s 3d, Algerians 2s to 2s 3d, Duns 3s to 3s od, according to quality.

Chaff—£3 ss. Barley—2s 6d to 3s, according to quality. _ „. . Partridge Peas— 3s to 5s od (nominal). . Linseed—£l2 to £l3, according to quality. Cocksfoot —Akaroa, 9£d to lid. Ryegrass—Perennial, Italian anji Western Wolths, 2s 9d to 3s 3d. Clovers—Whit© 6d to 9d; red, 7d to 9d. , Potatoes —Prompt delivery, Sutton’s Supreme £6 10s, Dakotas £7 10s on trucks; white, £6 10s on trucks, l>l Bran—Local, £4 15s; shipping, £4 10 pollard—Local, £5 15s; shipping, £5. Flour—Local £l2 7s shipping £ll 12s, with the usual increments tor smaller lots.

AMERICAN WHEAT QUOTATIONS

NEW YORK, July 29. Wheat quotations are: — Chicago: July, 92 cents a bushel; September, 92|; December, 93i ; May, 95-. New York (cash): 116 J. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday :

LISTED STOCKS.

100 Wool worths (Sydney) ord. ... ... 5 2 0

PRICES OF FOWL WHEAT.

NO FURTHER REDUCTION. CHRISTCHURCH, This Day. The Wheat Purchase Board decided yesterday to continue the prices for fowl wheat established at the beginning of this month for sales by the board. The price, f.0.b., for shipment to the North Island thus remains at 4s Id, and the price for South Island delivery at 4s 4d a bushel. Since the board began selling at these prices on July 5, 12,000 sacks of fowl feed have been shipped to the North Island. Sales to the South Island have been considerably smaller. Merchants interested in the fowl wheat market have been a little apprehensive that a further reduction might have been, made by the board in its prices.

DIVIDEND DECLARED.

WELLINGTON, July 30

The Commercial Banking Company of Sydney has advised the Stock Exchange Association that a. dividend has been declared at the rate of 5 per cent, per annum for the six months ended June 30. The amount is payable in Sydney to-day.

Dividend at 5 per cent, was paid last year.

Sales on ’Change. d. £ s. 200 National Insurance ... 1 1 0 0 7 6 200 Goldsbrough, Mort ... 1 1 11 11 4 5 200 N.Z. Refrig. (10s pd) 0 9 11 50 N.Z. Breweries 2 V 100 Tooth’s Brewery (2) 2 15 0 100 nAthony iBordem ... 1 0 2 0 100 British Tobacco 2 0 200 Dunlop Perdriau Rubber ... (2) 0 15 10 100 N.Z. Farmers’ Co-op. 0 0 (10s paid) 10 Wool worths (N.Z.) 1 0 ord. 13 15 2000 Maerewhenua 0 0 0 0 11 Id 100 Mount Lyell 0 19 9 1000 Skippers ... (2) Sale® Reported. 0 O 2i d. £ s. 500 Skippers 100 N.Z. Drug (late sale, 0 0 2i 0 July 29) 4 4 100 Staples Brewery (cum div.) 1 14 2 100 N.Z. Refrig. (10s pd) 0 9 11 90 Goldsbrough, Mort;.. 100 Bank of N.Z. D Mort1 11 12 1 9 gage shares 1 200 Quill, Morris (in liquid0 0 ation) 4 UNLISTED STOCKS. Safes on ’Change. d. £ s. 1000 Argo Gold 0 1 5 100 Woohvorths (Sydney) 0 ord. ... (2) 5 2. 5 1 0 15 Woohvorths (West Aus8 0 0 tralia) Sales Reported. -