COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 285, 14 September 1935, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE DUNEDIN MARKET. DUNEDIN, September 13. Broken weather throughout the South Island is delaying the sowing of spring wheat. As a consequence only small quantities of seed wheat are going to the country for the time being. Farmers generally are well ahead with their work as they took advantage of the fine weather earlier in the season to get their land ready. Some inquiries have been received for oats for shipment, _ but owing to the small stocks held in this centre, merchants are unable to quote. The nominal value for Heavy A Gartons is 3s 2d, sacks extra, on trucks, at country sidings, 3s for ordinary A s and 2s 9d for Bi’s. The chaff market is inclined to firm. Values locally are unchanged. The demand is confined to prime quality with £5 as the quotation for truck loads, ex truck, sacks extra, and £5 10s for small lots, exstores.

The potato market shows greater firmness and there has been a rise in prices. Freshly-picked Arran Chiefs are worth to-day £8 10s a ton, sacks included, and King Edwards £9. Local supplies are now exhausted, and this market has to draw from both Southland and Canterbury for its requirements. _ • No volume of business is being transacted in the seed markets. The retail demand had commenced, but it slackened off with the wet weather. All markets remain steady. There has been more inquiry from overseas for some export lines.

THE ENGLISH MARKETS. LONDON, Sept. 12: ■Wheat—Cargoes are higher and parcels dearer, with fair business. Futures are quoted : London —September 26s 6d per quarter. Liverpool—October 6s Id per cental, December 6s, March 5s ll|d. The spot trade is quiet and firm. Australian, ex ship, 30s 3d. Flour —Steady. Australian, ex store, 21s to 21s 6d. Oats—Fully firm. Peas and Beans —Unchanged.

METHVEN STOCK SALE A very small offering of stock ■was forward for the usual fortnightly sale at Methven. No store sheep were offered, and only a few pairs of fats sufficient for local butchers’ requirements. Cattle were again slow of sale, while a smaller yarding of pigs made good prices. The sales were: Sheep—Fat wether 23s Id, 2 ewes at 225, 3 wethers at 24s lOd, 12 ewes at 20s lOd, 9 wethers at 25s Id, 4 at 14s '4d, 10 ewes at 9s 9d. Cattle —Cow in calf £3 ss, 2 at £l, cow 15s, heifer £2, cows £4 10s, £2 10s, £2 7s 6d, £3. Pigs—Weaners made from 11s Gd to 18s, stores' from 22s to 245.

DAIRY PRODUCE IN LONDON

THE MARKETS VERY FIRM. LONDON, September 12. Butter —Very firm. Danish, 130 s; choicest salted, Australian .and New Zealand, 112 s; unsalted, 114 s. Cheese —In good demand. New Zealand, coloured, 5s 6d; white, 545. The National Mortgage and Agency Company, of New Zealand, Ltd., report having received the following cablegram from Messrs A. J. Mills and Co., Ltd., London:— Butter—Market steady. Finest, 112 s; firsts, 110 s to Ills; Danish, 1245; Australian, 112 s. Cheese —Market firm. White and coloured, 53s to 545.

BRADFORD TOPS MARKET. LONDON, September 12. At Bradford, merino topmakors are making slight concessions to secure new business. Quotations: 70. s, 33Jd, 64’s, Slid; 60’s, 30d ; 56’s, 20*d; 50’s, 15d ; 46’s, 12Jd; 40’s IOJd. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesfpriln v • LISTED STOCKS.

Sales on ’Change. £ s. d. 50 N.Z. Breweries 2 3 11 6 C) 50 Broken Hill Prop. ... 5 200 Dunlop Perdriau Rubber 0 14 0 14 0 4 £200 N.Z. Fanners’ Coop. p.c. Stock, 1940 86 10 0 400 N.Z. Newspapers (4) 1 19 6 200 Gillespie’s Beach (cum div.) 0 1 1 100 King Solomon (cum div.) 500 Maori Gully 3000 Skippers (4) Sales Reported. 0 0 0 3 1 0 5 H 22 d. £ : s. 350 Dunlop Perdriau Rubber 0 0 14 13 2 11 100 G. J. Coles 3 3 8 S 0 4 75 Beath and Co. 1 10 6 100 South British Insur. 4 14 0 100> New Zealand -Insur. 300 Bank of N.Z. “D” 3 3 13 9 9 Mortgage 1 £745 N.Z. Govt. 4 P- c - 112 0 0 Ins., 1952-55 £1000 N.Z. Govt. 4 p.c. 110 0 0 Ins., 1946-49 £1000 N.Z. Govt. 4 p.c. 0 0 Ins., 1943-46 107 500 Gillespie’s Beacli (2) 0 1 1 UNLISTED STOCKS. Sales on ’Change £ s. <1. 1000 Argo Gold 0 1 6