COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 295, 26 September 1935, Page 11

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Merchants in Ashburton have spent an exceptionally busy week, chiefly because of the phenomenal rise in the price of potatoes, the figure having reached £l3 a ton. There is a strong demand from the North Island, and the high prices are likely to remain for at least a month. The new crop is late. Odd sales of Partridge peas have been made during the week to fill forward contracts. Deliveries of oatsheaf chaff for railing to the south have been made. The oat market has not shown any change. A small amount of retail business in ryegrass and clovers has been 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 4s od, Hunters 4s 7d, Pearl and Velvet 4s 9d (all f.0.b.). Good whole fowl wheat 8s 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 10s. Grass Seeds—Perennial Italian and Western Wolths 2s 6d to 3s, cocksfoot lOd, white clover 6d to 9d' t red clover 7d to 9d. IPartridge Peas —No. 1 grade 5s to 5s 3d, f.a.q.’s 4s 6d. Potatoes—Whites £l3, Dakotas £l3 per ton. SOUTH CANTERBURY. (Special to the “ Guardian.’’) TIMARU, This Day. [Potatoes remain the chief item of interest in the South Canterbury grain, 'seed and produce markets, they having reached their highest value for a great many years. There is a good inquiry from the North Island for fowl wheat, but this is being supplied mainly with Board milling wheat at 4s a bushel Lo.b. Free wheat is worth 3s 9d to 3s lOd on trucks, according to stations. There is an odd inquiry for A and B Gartons, but the main demand is for undergrade feed oats, very few being available. There are, in fact, practically no white oats offering. Nominal quotations are 3s 2d a bushel for A’s and 3s for B’s. Algerians are worth 2s 8d on trucks, with an odd inquiry, while dark heavy Duns are quoted at 4s on trucks. No. 1 Partridge peas are quoted at 5s 2d to os 3d a bushel on trucks. Chaff is worth £3 5s to £3 10s a ton on trucks. There has been a fair inquiry for chaff for railing to the soutli (Gore). Stocks of potatoes have apparently been depleted, and the market has risen £3 or £4 a ton during the last few days. Nominal quotations are £ll to £l2 a ton on trucks for all classes of tables. .It is understood that the North Island will require potatoes for the major part of October, but no doubt the price paid will limit the demand, On current value North Island ports will be paying more than £l6 a ton by the time the potatoes are delivered. The seeds market has been practically neglected. Quotations are: Ryegrass (undressed) 2s 6d a bushel, Western Wolths and Italian 2s 6w, cowgrass 7d, and white clover 8d per lb.

THE STOCK SALES.

ADDINGTON

(Per Press Association.) CHRISTCHURCH, Sept. 25

Entries at to-day’s Addington market were slightly less than normal. Fat cattle advanced further in value; fat sheep retained last week’s rates, but store sheep stiowed an easing. Store S'heep—Except for forward wethers the market was easier by up to 2s a head. Best wethers sold to 22s 4d.

Fat Sheep.—About 700 were penned. Last week’s rates were maintained. Extra prime heavy wethers made to 34s Id, prime heavy 27s 6d to 31s 6d, prime medium weight 25s to 275, ordinary wethers 21s 6d to 24s 9d, extra prime ewes to 35s 4d, prime 23s to 26s 6d, prime medium weight 20s to 22s 6d, ordinary 18s to 19s 6d. Fat Cattle—There were 375 penned and a. further advance of 15s to 20s a head. Top price in several instances was £ls 17s 6d. Best beef made 33s 6d to 36s per 1001 bs, special to 37s 6d, good 31s to 335, best cows 30s to 32s 6d, ordinary 23s to 265. Extra prime heavy steers made to £ls 17s 6d, prime heavy £l2 5s to £l4 ss, prime medium weight £lO 15s to £l2 10s, ordinary £7 5s to £9 15s, extra prime heifers to £ll 7s 6d, prime £7 10s to £9 ss, ordinary £5 10s to £6 15s, extra prime cows to £l2 2s 6d, prime £7 to £9, ordinary £5 5s to £6 10s. Fat Bigs.—There was a brisk demand for good porkers, but baconers were a shade easier. Choppers made 50s to £3 15s 6d, baconers 47s 6d to £3 19s 6d (average price per Jb to 6d), porkers 27s 6d to £2 4Ts 6d (average per lb sjd .to 6£d).

BURNSIDE. DUNEDIN, September 25 Entries were smaller in the major sections at the Burnside sale to-day. The fat cattle entry numbered 204, and included several trucks of prime quality bullocks from Southland and South Otago, with the usual pennings of cows and heifers. The market opened with prices firm at last week’s rates, but with outside competition the market quickly improved, all medium quality bullocks selling from 10s to 15s a head in excess of the previous sale, while cows and heifers were readily disposed of at higher values. Extra prime cattle did not show any alteration on current values. In the store cattle section there was an entry of 84 pens of three and four-year steers, which made to £5 19s. Vealers were in good demand, and good-conditioned cows mat an improved market. Fortyone dairy cows were offered, and for the most part the entry was of inferior quality. Only young cows close to profit were sought after, old cows and late calvers l>eing neglected. The feature of the sale was the prices obtained in the fat sheep section. The entry numbered 890, which included a. representative penning of

hoggets. Outside buyers were in evidence, and on account of the short supply extreme values were obtained. Prices were the highest obtained at Burnside for a number of years. Heavy wethers soldi to 46s 7d, and best quality ewes made to 42s 2d; wethers appreciated in value fully 5s a head, while ewes sold from 6s to 7s in excess of late rates, and in some cases the rise was even more pronounced. Bidding was animated from the start to the conclusion of the sale. Hoggets sold firm at late rates. Nine spring lambs were forward, and the best of these soldi to 295.

In the fat pig section 127 were forward, comprising an equal proportion of baconers and porkers. Values were hardly equivalent to recent rates. A large entry of 128 store pigs was sold at satisfactory values.

GERALDINE. The yardings in all sections were smaller than usual at yesterday’s stock sale at Geraldine saleyards. Fat sheep were selling at rates slightly better than those ruling at the last Geraldine sale, but not quite up to those ruling at Pleasant Point yards. Dairy cattle showed improvement and store sheep were on a par with late rates. The prices paid for pigs were somewhat higher than those ruling at the previous Geraldine sale. Sales were:

Cattle—(Springing heifer £2 15s, springing cows £4 10s, £3 ss, £2 10s, 2-year heifers (empty) 37s 6d, £2 17s 6d; yearling heifers 20s, yearling steers (ordinary quality) 20s. Sheep—Fat wethers 20s Id, 23s 7d, 24s Id, 24s 4di, 27s lOd, fat ewes 14s 4d, 18s Id; fat hoggets 17s Id, 17s 9d. Stores—Wether hoggets 17s 4d, ewe hoggets 255, 265; ewes and lambs 6s

and 10s 3d, 2-tooth ewes in lamb (small) 23s 6d. Pigs—Weaners 9s to 16s od, slips 13s 6d to 18s. THE SHARE MARKET, The following sales were made on the Christchurch Stock Exchange yesterday - LISTED STOCKS. Sales on ’Change.

SYDNEY WOOL MARKET. STRONG JAPANESE DEMAND. SYDNEY, Sept. 25. .At the wool sales, 7692 bales were offered, 6466 were sold, and 305 disposed of privately. Competition was strong from Japanese buyers, with good support from the Continent, and also from Yorkshire on suitable lines. Late rates were fully maintained. Greasy merino sold up to 20d.

£ 8. d. £1325 N.Z. Govt. 4 p.c. Ins., 1937-40 (2) 101 17 6 £1200 N.Z. Govt 4 p.c. Ins., 1952-55 (2) 112 5 0 100 Com. Bank of Aust. 0.1G 3 10 Bank of N.S.W. (2) 32 0 0 10 Reserve Bank 6 9 0 100 N.Z. Guar. Corp. ... 0 5 6 300 N.Z. Breweries (3) o 10 0 (2) 9 10 9 2 10 10 100 Anthony Hordern ... 0 18 6 100 British Tobacco (cum div.) 1 18 3 100 Broken Hill Pty. (ex rights) (2) 2 12 9 300 Gillespie's Beach 0 1 3 2000 Goldfields Dredging (4) 0 0 22 800 Mount Lvell (4) 0 18 1 (4) 0 18 3 50 Mount Morgan (cum div.) 1 16 3 1000 Skippers 0 0 23 Sales Reported.

£ s. d. £1125 N.Z., Govt. 4 p.e. Ins., 1943-46 ...107 2 6 £1125 N.Z. Govt. 4 p.e. Ins. 1946-49 ... 109 15 0 £1125 N.Z. Govt. 4 p.e. Ins., 1952-55 ... 112 5 0

100 Cora. Bank of Aust. 0 16 3 100 is'.Z. Guar. Corp. ... 0 5 6 150 N.Z. Breweries 2 11 0 40 G. J. Coles 3 4 9 200 0.4.C. (pf.) 1 4 3 200 Bi<4 River 0 2 0 500 Mahakipawa. (pf. 1930 issue) 0 0 2 500 Mount Lyell 0 18 1 UNLISTED stocks Sales on ’Change. £ s. d. 800 Gold 0 1 CO 150 Wpolworths (Sydney), oid. 5 5 6 (2) 5 6 0 Sales Reported. £ s. d. 50 Wool worths (Sydney), ord. 5 6 0