COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 271, 29 August 1935, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Ashburton grain, seed and produce merchants report a fairly quiet week on the local market. Milling wheat has evidently all been dealt with, as no further lines have come forward. The market for fowl wheat remains unaltered. Oatsheaf chaff is dull of sale owing to the mild weather which has been experienced. Odd sales of Partridge peas for seed purposes have been reported, but the volume of business passing is negligible. The potato market maintains its firmness, with limited supplies available. ■Good retail business in grass and clover seeds is reported. The following are prices to be paid to farmers, on trucks at country stations, sacks extra unless otherwise mentioned:— Wheat —New season’s: Tuscan 4s4Jd, Hunters 4s 6£d, Pearl and Velvet 4s BJd (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 ss. Grass Seeds —Perennial Italian and Western Wolths 2s 6d to 3s, cocksfoot lOd, white clover 6d to 9d ! , red clover 7d to 9d. Partridge Peas—No. 1 grade 5s 3d, f.a.q.’s ss. Potatoes—Whites £6 10s, Dakotas £7 10s per ton. SOUTH CANTERBURY.

(Special to the “Guardian.”) TIMARU, This Day. Although there is not a great deal ; of shipping at present there is a fair demand locally for practically all lines in the South Canterbury grain, seed and produce markets. The potato section is fairly quiet, but there is no drop in values. If anything, there is a ✓ slight improvement in prices compared with last week. Fowl wheat is quoted at 3s 9d a bushel on trucks. A Garton oats are worth 3s 3d a bushel on trucks, B’s 3s, Algerians 2s 8d and Duns 3s lOd. Chaff is quoted' at £3 5s on trucks. Hay is worth £2 10s a ton on truck®. Partridge peas are quoted at 5s 6d a bushel on trucks. Potato values are: Whites £8 15s a ton on tracks, Sutton’s Supreme £7 ss, Dakotas £7 ss. Seed prices are: Ryegrass, "Western "Wolths and Italian 2s 6d to 2s 9d a bushel on tracks, cowgrass 7d per lb, Wjhite clover 7d to Bd, cooksfoot (plains) Bd. i

THE STOCK MARKETS.

ADDINGTON

(Per Press Association).

CHRISTCHURCH, August 28. Entries were slightly smaller to-day in the major sections at Addington, and values were slightly weaker. Store Sheep—'Several days or northwesters and heavy frosts have, checked pasture growth and this was reflected in a drop in values for both ewes and ewe hoggets of Is to 2s a head, and of wether hoggets by Is. Spring Lambs—The best of a tew pens of spring lambs sold at 30s 6d. Fat Sheep—Some exceptionally good lines of ewes were forward from Otago and Mid-Canterbury, and of wethers from Mid-Canterbury. Wethers were down by Is a head, but ewes were unchanged. Show wethers made to 38s 4d, extra prime 29s 6d to 31s 6d, prime heavy 26s 3d to 295, prime medium weight 24s to 25s 9d, ordinary 20s 6d to 23s 3d, extra prime heavy ewes to 29s 7d, prime heavy 21s 6d to 235, prime medium weight 17s Gd to 20s 6d, ordinary and light to 17s. Fat Cattle —There was an entry ot 455 compared with 644 last week. Outside entries were fewer. Best steers and cows fairly maintained last week s easier values, but all other classes were down by 10s a head. Best beef made from 26s to 28s per 1001 b, and average quality 22s 6d to 255. Extra prime heavy steers sold to £l3 2s 6d, prime heavv £9 to £ll, prime medium weight £8 to £9 15s, ordinary £5 5s to £7 ss. extra prime heifers to £lO 7s 6d, prime £5 5s to £7 10s, ordinary heifers £4 to £5, extra prime cows to £9 12s 6d, prime £5 to £6 15s, ordinary £3 15s to £4 15s. Fat Pigs—The yarding of porkers was heavier than usual. Good quality maintained last week’s rates. There was also a good entry of b'aconers, which met with a steady sale. Choppers made 30s to £4 18s 6d, porkers 25s to £2 11s (average price per lb, sJd> to 6d), baeoners £2 3s 6d to £3 17s (average price per lb, s£d to s^d).

BURNSIDE. DUNEDIN, August 28. There were heavy yardingis in the major sections at the Burnside sale today. The beef entry numbered 837, quality comparing unfavourably with that of the previous market. Several pens of light and unfinished animals were included in the offering, and only odd tracks of prime bullocks were forward. The large entry had a detrimental effect on prices, there being a further drop in the values. Prime heavy cattle depreciated from 15s to 20s, while medium quality sorts declined from 10s to 15s a head, and cows and heifers suffered a similar drop. The store cattle market attracted a small entry, only 86 head being offered. A pen of three-year-old, well-bred, good conditioned steers sold to £6 7s, The balance of the entry comprised the usual assortment of vealers, grazier, and cull cows, which sold at late rates. The 32 dairy cows forward were of mixed! description, and buyers confined their attention to good young cows close to profit. In the mutton section 2317 were offered, including odd trucks of wethers of outstanding quality. This class, however, included a large number oi light and unfinished sorts, and competition for these was restricted, values depreciating by fully Is a head. There was a good display of ewes, several pens being of excellent quality. I he sale opened with prices hardly equal to last week’s values for heavy sheep, but the market improved later, and late rates ruled. The sale, however,

had an easing tendency, oyer the final races.

There were 148 fat pigs submitted to auction, icluding several consignments from North Otago comprising some excellent quality baconers. These were in good demand and sold to £4 7s. Prices for porkers showed little change. A medium entry of 79 .store pigs was quitted at satisfactory prices, large stores selling to 21s. GERALDINE. The stores in all sections at the fortnightly stock sale held yesterday at Geraldine were larger than is usual for this time of year. The cattle offering were mainly made up of dairy cows, which were hard to sell. In the fat sheep section wethers predominated, and prices were in keeping with this week’s rates. About 15 pens of store sheep were on offer, and sales were hard to make. After a weak opening, pigs sold freely at late rates. Sales made were: — Fat Cattle—Fat cows, ordinary to £3, springing cows £2 to £3, heifers to £3 ss. Fat Sheep—Fat ewes, best 15s 10d to 17s lOd, light 8s lOd to 12s lOd; wethers, best 24s to 26s lOd, medium 21s 4d to 22s lOd. Store Sheep—Failing-mouth threequarterbred ewes in lamb 11s to 20s, according to quality; s.m. tliree-quar-terbred ewes in lamb 19s sd; four, six and eight-tooth halfbred ewes (small) 12s 9d; s.m. halfbred ewes passed at 20s 3d; two-tooth to failing-mouth three-quarterbred ewes passed at 14s 6d; two-tooth three-quarterbred wethers passed at 21s; wether hoggets 15s 9d. Pigs—Weaners 10s to 18s, slips 10s 6d-to 15s 6d, good stores 25s to 295. N.Z. DRUG COMPANY.

DUNEDIN, August 28. At a. meeting of the Board of Directors of Kempthorne, Prosser and Company’s New Zealand Drug Company, Ltd., held this afternoon, an interim dividend of 3£ per cent, for the halfyear ended July 31 was declared. The dividend last year was 8 per cent.

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

WOOL SALE AT TIMARU.

GOOD PRICES FOR ODDMENTS. TIMARU, August 28. Judging by the prices obtained at the Timaru supplementary wool sale today, at which 1890 bales were offered, growers should have a greater feeling of optimism as .to the future the values recorded at similar recent sales in the north being fully realised. There was a representative bench of buyers, and keen competition resulted for any fine fleece, and good prices were obtained for three-quarter-bred and crossbred fleece. Fine crutchings were on a par with recent sales, and in comparison with stronger crutchings, these appeared cheap on the day’s market compared with the March sale at Timaru. Fine fleece wool generally showed a rise of 2£d to 3|d, while there were isolated cases of an even greater ad vance. Prices of fine wool were 2d to 3d ahead of the March sale.

The top price, 13£d, was obtained for two lots of half bred and one lot of come-back, an increase of id on the Christchurch sale. Values were:—

HIGH PRICES EXPECTED. AUSTRALIAN WOOL SALES. SYDNEY, August 28. Addressing the annual meeting of shareholders of Wineheombe, Carson, Ltd., the chairman (Mr Harold Bell) forecast that wool, values at the opening of the new selling season on Mon-

day would he 20 per cent, above last season’s September rates, and. possibly higher. This was attributable to the higher reduced clip and the increased demand for supplies. Mr Bell said that last year’s sales opened with a carry over of 250,000 bales, and an increased clip. The position this year was almost reversed. He believed that in years to come Australia would grow a clip of 4,000,000 bales of wool. In the last five years the production of wool iiii Australia was 15,298,570 bales, which realised approximately £200,000,000 in Australian currency.

Sales on ’Change. £ s. d. ■ 380 Mortgage Corp. (os paid) 0 0 4 0 6 3 0 6 4 100 N.Z. Refrig. (£1 pd.) 1 0 7 50 Carlton Brewery (cum div.) 2 10 0 100 Broken Hill Ptv. ... 3 5 0 3 4 6 200 N.Z. Farmers’ Coop. (“A” pf.) (2) 350 Big River ... 2 2 6 0 1 111 4500 Mahakipawa. (5) 0 0 2 500 Maori Gully 0 1 3 500 Skippers 0 0 3 Sales Reported. £ s. d. 600 Mahakipawa 0 0 2 100 N.Z Newspapers ... £200 N.Z. Farmers’ Coop., 4 \ p.c. Stock, 1945 1 19 3 87 0 0 50 Claude Neon (N.Z.) 2 3 G 400 Auckland Gas (late Sale Aug. 27) 1 5 10 12 Dalgety and Co. ... 8 10 0 10 Bank of N.S.W. (ex div.) 32 7 6 £500 Ch.Ch. Trams, 4£ p.c., 1/2/1950 ... £5000 N.Z. Govt., 3J p.c. Ins., 1938-52 108 0 0 108 17 6 50 National Mort. “A” 2 15 0 UNLISTED STOCKS. Sale on ’Change. £ s. cl. 50 Woolworths (Syd.), ord. 0 i7 0 30 Woolworths (W.A.) 9 5 0

d. d. Merino 11 to 13 Fine half bred 11 to 134 Medium halfbred 10 to 12 Three-quarter-bred 7 to 104 Fine crossbred 0 to 84 Strong crossbred 54 to 74 Pieces— Halfbred neck 104 to 12| Merino 10 to 12 Halfbred 5 to 10 Throe-quarter-bred ... 44 to 74 Crossbred 4 to 54 Crutchings— Halfbred: Extra good — to 8£ Average to good 5 to 64 Three-qwartei-brcd 54. to 7 Crossbred 5J to 64 Lambs’ (including hall' and three-quarter bred 4 to 54