COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 299, 1 October 1935, Page 7

COMMERCIAL NEWS

DOMINION PRODUCE. HIGH COMMISSIONER’S REPORT. The department of Agriculture has received the following cablegram dated September 28 from the High Commissioner for New Zealand, London:— Tallow—Market firm ; quotations slightly higher. Eggs—Market steady, values about unchanged. First small arrival of South African soldi at from 10s 6d to 12s 6d. . . Fruit—Apples: Market has declined. Canadian and American arrivals are heavy. Californian Gravenstein 8s 6d to 11s, Jonathan 10s 6d to 11 s. Pears: Only moderate demand, .prices lower. Californian Bartless 9s 6d to 12s 6d. Peas—Maples: Market has declined: fair business done in New Zealand and Tasman.an. No. 1 N.Z. for SeptemberNovember shipments sold at from 51s 6d to 54s 3d, November - December shipments at 545. A grade. Tasmanian for September - October shipment sold at from 53s 6d to 345. English, steady demand, values about unchanged. Blues: Fair demand; Japanese and Dutch at better price. Tasmanian shippers’ prices outranged. Small business lias been done; on spot unchanged. Prices £lO 15s to £ll, ex wharves.

GRAIN AND PRODUCE.

CHRISTCHURCH MARKETS. (Special to the ‘‘Guardian.”) CHRISTCHURCH, September 30. . Potato prices continue to rise r quotations to-day being £2 in excess of the rates ruling toward the .end of last week. Prices, in fact, have jumped about £5 in a week owing to the shortage of supplies. There is little buying in the country at present with the consequence that prices are remaining high. Indeed,

there is the strong possibility of a further increase, for it is expected that the local market will be in short supply until the end of November and that for the north until the middle of November. Other produce prices are unchanged, with little business reported. Merchants record a little demand for fowl wheat, but without alteration to the prices. Following are nominal prices quoted to be paid to farmers on trucks at country 'stations, sacks extra unless otherwise mentioned:— Potatoes —Prompt delivery, Sutton’s Supreme £ls, Dakotas £ls, ■on trucks; white, £ls, on tracks. Milling Wheat—September delivery: Tuscan 4s sd, Hunters 4s 7d, Pearl and Velvet 4s 9d, f.o.b. Selling prices to millers for September (all f.0.b.); Tuscan 5s o£d, Hunters 5s 2Jd, Pearl and Velvet 5s 4£d. Fowl Wheat—3s 9d to 3s lOd on tracks, South Island, Ex-Wheat Purchase Board, 4s Id f.o.b. for North Island only and 4s 4d for South Island. Bran—Local, £4 15s; shipping, £4 10s. Pollard—Local, £6 ss; shipping, £5 10s. Flour—Local £l2 7s; shipping £ll 12s, with the usual increments for smaller lots.' Partridge Peas —4s 9d to 5s 3d (nominal). -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. Linseed—£l2 to' £l3, according to quality. Cocksfoot—Akaxoa, 9sd to lid. Ryegrass—Perennial, Italian and Western Wolths, 29 9d to 3s 3d. Clovers—White 6d to 9d; red 7d to 9d.

THE POTATO MARKET.

HIGHER VALUES ANTICIPATED. INVERCARGILL, September 30. A produce - merchant told a reporter that the position to-day regarding the shortage of potatoes was one that had not been experienced since the early days of the present century, when they reached nearly £2O a ton, mainly for export to Sydney. "The present high levels,” he said, "though they are very high, at from £ls to £l7 a ton, may be expected to reach higher figures, as supplies in Canterbury are nearing exhaustion. Most of last year’s crop there has been shipped to the North Island 1 , Southland growers sent their supplies away earlier in the season at what were considered? satisfactory prices. Potatoes then realised from £5 to £6 a ton. In my opinion potatoes will be scarce and prices will be high till about Christmas time.”

DAIRY PRODUCE.

THE MARKET IN BRITAIN.

The New Zealand Dairy Board has received the following market report from its London office dated, September 27: Butter. New Zealand, salted, 115 sto 116 s, ex. 118 s (last week 109 s to 112 s); approximately 13.7 d, f.0.b.; unsalted 112 s to 116 s (112 s). ' Australian, salted and unsalted, 114 s to 115 s. ... Market firm. New Zealand retail price Is Id: and Is 2d. Danish, 10Ss f.0.b.; 128 sto 130 s, spot. South Africa, 110 s to 112 s. Dutch, unsalted, 103 s. Siberian, salted, 101 s. Ukranian, salted, 102 s. Polish, salted, 945. Lithuanian, salted and unsalted, 100 s. , , Market firm. Danish retail price Is 3d. Cheese. New Zealand, white and_ coloured, approximately 6.44 d, f.0.b., 58s to 58s 6d (55s 6d). Canadian, white 57s to 595; coloured, 58s to 6s; old season’s, white, G4s to 665; old season’s, coloured, 65s to 665; c.i.f., 57s to 58s.

English, finest farmers, 965; factory, 40s to 465. Market firm. New Zealand 1 retail price, 6d and 7d. The Board has received the following advice from its agents in Canada— Butter: New York, 26£ cents; Montreal, 23s cents.

SYDNEY WOOL SALES.

AN INCREASE IN PRICES. SYDNEY, September 30. At the wool sales 10,346 bales were' offered, 8763 were sold at auction, and 548 privately. Competition w r as keen and brisk, chiefly from Japanese and Continental buyer’s, with good support from Yorkshire on suitable lines. Prices were well up on those of last week. Greasy merino sold to 19^d. The average price last week was £ls 4s 8d a bale, or 11.7 d per lb.

FROZEN MEAT MARKET. Messrs J. T. Thomas and Co. have received cable advice from their London agents, under date of September 28, as follows: New Zealand lambs, selected Downs, 2’s, 7fd, 7|d; secondary, selected Downs, 6£di, 6£d; lambs, 2’s,. 7£d, 7fd; B’s 7£d; 4’s, 6fd, 6§d; secondary, 6»u, 6fd. New Zealand Mutton —Small, 42 d, sd; large, 4£d, * New Zealand Ewes —Small, 3d, 3£d; large, 2id 1 ,3 d. New Zealand Beef—Frozen ox hinds, 3|d, 3£d; fores, 2(d, 2£d, Dominion Chilled —Hinds,. 4£d, -sld ; fores, 2£d, 2%. South American Chilled—Hinds, sid, 6£d; fores, 2£d, 31d. New r Zealand Pork—s|d', 6d. Australian Lambs (new season’s) — 6£d, 7id. Argentine Lambs (new season’s)— 6id, 7id. Lambs: Smaller supplies have caused prices to harden. Wethers: The market is quiet and unchanged. Ewes: Trade rather irregular, but moderate business is being done'. Beef: The..market is dull, and there is iittle business doing. Pork: Larger supplies have caused prices to weaken. Trade generally is affected by heavy supplies of Home-killed! meat. THE SHARE MARKET* The following sales were made on the Christchurch Stock Exchange yesterday : LISTED STOCKS.

Sales on 'Change. £ s. d. 280 Com. Bank of Aust. (odd parcel) 0 16 5 10 Bank of N.S.W. (2) 32 0 0 100 N.Z. Refrig. (£1 pd) 1 1 2 200 Tooths Breeryt (2) 2 14 6 100 Associated Newspapers 1 2 3 100 Broken iH'ill Propty (rights) 1 2 0 100 Dunlop Perdriau Rubber 0 15 2 200 Big River 0 2 01 4000 Mahakipawa (6) 0 0 n * Sales Reported. £ s. d. 50 Whitcombe and Tombs 3 19 0 500 N.Z. Newspapers (2) 2 1 0 150 Dunlop Rubber 0 15 1 50 N.Z. Breweries 2 11 3 100 N.Z. Refrig. (10s pd) 0 10 3 28 Canty. Frozen Meat (ord.) 10 0 0 100 National Insurance ... 1 0 3 720 Com. Bank (odd parcel) 0 16 5 UNLISTED STOCKS. Sales on ’Change. £ s. d. 500 Argo Gold 0 1 21