COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 273, 31 August 1935, Page 7

COMMERCIAL NEWS

FRUIT AND PRODUCE. THE ASHBURTON MARKET. Prices of commodities on the Asliiburton fruit and produce market this week have shown no change. Business has been restricted in most sections. Values are as follow: Potatoes —15s a sack, early seed lid and 2d a lb. Bacon —lOd and lid a lb. Wheat—Seconds, 12s to 13s a sack. Honey—7d to 7id a lb. Onions —I Jd to 2d a lb. Cabbages—3d and 4d each. Apples—Delicious 7s 6d to 8s 6d, Wolseley ,7 s to 7s 6d, Sturmers 5s 6d to 6s 6d, Tasmas 6s 6d to 7s. Marrows—3s to 4s a dozen. Chaff —2s 3d and 2s 6d a sack. Pumpkins —Id a lb. Walnuts —5d and 6d a lb. Carrots—ls to Is 6d a sugar bag.

Celery—3d a bundle. Swedes—ls 6d and 2s a subar-bag Parsnips 2s 6d to 3e a sugar-bag. Leeks —3d a bundle. Cauliflowers —3s, 4s and 5s a dozen,

PIGS AND POULTRY. THE ASHBURT6N MARKET. Prices realised at the weekly sales of pigs and poultry held in Ashburton yesterday were:— Pigs—Stores 19s to 20s 6d, choppers £2 8s 6d, sow in pig £3 6s 6d, weaners and slips 11s 6d to 17s 6d. Poultry —Hens Is lOd to 2s 4d, roosters 2s Id to 4s 3d, ducks 2s 4d to 3s Id, turkeys (each) 4s to 7s 9d. HORSE. FAIR VALUES. Values ruling ah the horse fair conducted by the Ashburton branch of the National Mortgage and Agency Co. Ltd., yesterday, were: — Geldings—Five years £l6, six years £l4, eight years £l7, aged £lO, £2B lOd.

Col>—Nine years £9. Mares—Aged £l2, £lO, aged hack £3.

CRAIN AND PRODUCE.

CHRISTCHURCH MARKETS. CHRISTCHURCH, This Day. The Christchurch grain and produce markets have been quiet in the last few days, with little change in values. There has been a fair demand for oats and wheat for spring sowing. Next Monday there will be a final increase of £d on the Wheat Purchase Board’s price for milling wheat. Prices for Tuscans will be 4s sd, for. Hunters 4s 7d, and Pearl and Velvet 4s 9d. The potato market is quiet hut steady, with no change in prices. Little demand has been reported and offerings are also small. Following are nominal prices quoted to be paid to farmers on trucks at country stations, sacks extra unless otherwise mentioned:— i Milling Wheat —August delivery: Tuscan 4s 4Jd, Hunters 4s 6Jd, Pearl and Velvet, 4s Bsd, f.Q.b. Selling prices to millers for August (all f.0.b.): Tuscan ss, Hunters 5s 2d, Pearl and Velvet 5s 4d. 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 6d to 3s, Algerians 2s to 2s 3d, Duns 2s 9d to 3s 3d, according to quality. Chaff—£3 5s (nominal). Barley—2s 6d to 3s, according to quality. Partridge Peas—4s 9d to 5s 3d (nominal). Linseed—£l2 to £l3, according to quality. Cocksfoot —Akaroa, 9Jd to lid. Ryegrass—Perennial, Italian anjf Western Wolths, 2s 9d to 3s 3d. Clovers —White 6d td 9d; red, 7d to 9d. Potatoes —Prompt delivery, Suttoii’s Supreme £7, Dakotas £7 10s to £7 15s on trucks; white, £7, on trucks. Bran—Local, £4 15s; shipping, £4 10s. Pollard—Local, £5 16s; shipping, £5. Flour—Local £l2 7s; shipping £ll 12s, with the usual increments for smaller- lots.

DUNEDIN. DUNEDIN, August 30. Business in the milling wheat market is very restricted. The fowl wheat market is unchanged, and it is not expected that there will be much alleviation until new season’s wheat is available. There is no surplus wheat now available for poultry purposes in Otago. It is only the shortage of stocks of oats that is keeping up values. Shipping prices are unchanged on a basis of 3s 9d f.o.b, s.i., for A Gartons and 3s 6d for B’s. Millers are fully stocked, and on the other hand few lines are held in local stores. The demand for seed oats continues. Any odd lines of oats that are being offered in the country are quoted at 3s Id for heavy A Gartons, 3s for A’s, and 2s 9d for B’s, sacks extra, on trucks. The demand for chaff continues w.eak, and sales of any quantity are difficult to make. Business is mostly confined to lots ex store at £5 10s a ton, sacks extra. Buyers for truck loads are a rarity and when a sale is made of this quantity the value is £5, ex truck. Supplies for the local market are still being drawn from Canterbury, and this will continue to be the position until next season’s chaff is available.

There is a good deal of uncertainty regarding the future of the potato market. Locally there has been barely sufficient supplies to meet the demand, and merchants have had to supplement their supplies from outside sources. Southland supplies are being drawn on, as quotations there are lower than those ruling in Canterbury. Arran Chiefs are worth about £7 10s a ton, sacks included, and King Edward £8 5s to £8 10s. Trade in all lines of seeds continues disappointing. During the last 10 days, however, there has been some overseas business in fescue, and this

has helped the market. In other lines there is no export trade, and markets continue quiet. Stocks of seeds ■ are not very heavy, and it is considered that most lines will be required for the retail trade.

MARKETS IN BRITAIN

LONDON, August 29

Wheat —Cargoes are easier, and parcels are quiet. Futures are quoted: London, September 24s 3d per quarter, February 22s Id. Liverpool, October 5s 6§d per cental, December 5s sd, March 5s 4d. Spot trade is slow. Australian ex ship 28s 9d. Flour —Steady. Australian ex store is 20s to 20s 6d. Oats—Firm. Peas and Beans—Unchanged. MELBOURNE MARKETS.

MELBOURNE, August 30. Wheat—3s 3£d to 3s 3Jd a bushel. Flour—£ll 2s 6d a ton. Bran—£s a ton. Pollard—£s 10s a ton. Oats—2s Id to 2s a bushel. Barley—English 2s 10d to 3s per bushel. t Maize—4s 6d a bushel. Potatoes —£8 15s to £9 a ton. Onions—£9 10s to £9 15s a ton.

DUNEDIN WOOL SALE.

VALUES REMAIN FIRM. DUNEDIN, August 30. A supplementary sale of crutchings and oddments was held to-day, when catalogues totalling 3273 bales were offered to a good attendance of buyers, representative of Dominion and overseas firms. . The bulk of the offering comprised crutchings, with odd lots of fleece wool, , some of which was quite attractive. For fine fleece wool and bellies and pieces’ there was strong competition from all sections of the buyers, but the Continent eventually purchased the bulk of the merino and halfbred wools which were offered. For these prices showed an advance compared with April rates of from 2d to 2£d per lb. Crossbreds were also in good demand, and prices generally were Id to lid up ou last season’s rates. Following on northern sales, the best demand for crutchings was for bulky coarse lots, which sold well. There was also a good demand for the best lots of fine crutchings, but ordinary halfbred sorts did not meet wi.th the same competition as crossbreds. Some of the catalogues contained a number of lots of fleece, which sold at 12d and upwards, and up to lojfcd was obtained for light conditioned halfbred. There was very little merino offered, an occasional lot of average wool selling up to 13d, Neck pieces and bellies were keenly competed for by the Continent, and up to 13id was paid for halfbred necks. Amongst the crutchings the best price obtained for halfbred was B£d, with several lots at from 7d to 7|cL Crossbred crutchings sold to 7£d, the bulk, however, realising from 5d upwards. In fleece wool there were very few passings, and of the crutchings offered probably about 70 per cent, would be sold at auction, and it was anticipated that a fair amount would be sold privately afterwards.

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

DAIRY PRODUCE IN LONDON, LONDON, August 29, Butter—Market firm and active. Danish 112 s ; choicest salted, New Zealand 975; Australian 96s to 975; unsalted, New Zealand 103 s, Australian 102 s.

Cheese—Market firm. New Zealand, coloured 495, white 50s; Australian, temporarily cleared.

The National Mortgage and A. C'o., of N.Z., Ltd., (report having received the following cablegram from Messrs J. A. Mills and Co., Ltd., London:

Butter—Market firm. Finest 96s to 975, firsts 955; Danish 110 sto 112 s, f.o.b. 935; Australian 965. Cheese-Market is steady. White, 49s to 49s 6d; Canadian, c.i.F. 52s to 545.

NEW SHARE ISSUE.

BROKEN HILL EXPANSION. MELBOURNE, August 30. At the annual meeting of the Broken Hill Proprietary Company, Ltd., the chairman (Mr Et. G. Darling) announced that the board had decided to make

an immediate issue to shareholders of 1,493,854 shares of £1 each, equal to one share for each two existing shares. These would! be issued at 30s each, payable over 20 months.

The new capital would be used in expanding Ihe company’s productive capacity. The next dividend, which is payable in November, will be at the rate of Is 3d a share, compared with the recent interim dividend of Is a share.

BRADFORD TOPS MARKET.

LONDON, August 29 The Bradford market is firm.

Quotations are: 70’s 321di per lb, 64’s 30idi 60’s 291 d, 56’s 20ld, 50’s 15d, 46’s 12-id, 40’s lOjJd l .

Sales on ’Change £ s. d. 100 Mount Morgan 1 19 0 100 N.Z. Newspapers ... 1 IS 6 100 N.Z. Refrig. (£1 pd.) 1 0 8 200 Broken Hill Prop. (2) 3 8 6 (2) 3 8 4 200 G. J. Coles (3) 3 7 O 3 7 3 200 Maori Gully 0 1 2i 100 Comm. Bank of Aust. 0 16 7 200 N.Z. Refrig. (10s pd.) (2) 0 9 7 100 Dunlop Perdnau Rubber 0 14 4 Sales Reported. £ s. d. £300 N.Z. Govt. 4 p.c. Ins., 1937-40 102 O 0 £1000 N.Z. Govt.,. 4 p.c. Ins., 1943-46 ... 107 5 0 £800 N.Z. Govt. 4 p.c. Ins., 1946-49 ... 110 0 0 350 Mortgage Corp. (os paid) (2) O 6 3 200 Broken Hill Prop. (2) 3 8 3 (2) 3 8 0 500 Kauri Timber 1 2 6 100 N.Z. Newspapers ... 1 19 3 10 500 Big River O 1 100 King Solomon 0 3 6 500 Gillespie’s Beach (cum div.) (late sale August 29) ... 0 1 1* 1000 Mahakipawa 0 0 2 UNLISTED STOCKS. Sales on ’Change, £ s. d. 100 Wooworths (Syd.), ord. 5 16 6 (2) 5 17 0 Sale Reported. £ s. d. 500 J. ,T. Niven (2) 0 7 0