COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 6, 19 October 1935, Page 7

COMMERCIAL NEWS

FRUIT AND PRODUCE. THE ASHBURTON MARKET. There is not a great demand for apples on the Ashburton fruit and produce market just now, the price being prohibitive. Celery is off the market and lettuces are cheaper this week. Values are as follow— Potatoes —£1 to £1 2s 6d a sack, early seed l|d and 2d a lb. Bacon—9d to lOd a lb. Wheat —Seconds, 13s and 14s a sack. Honey—7d to 7£d a lb. Onions —3d to 4d a lb. Cabbages—3d and 4d each. Apples—Sturmers 8s to 9s, Delicious 8s 6d to 9s. CUalf—2s 3d and 2s 6d a sack. Walnuts —5d and 6d a lb. Leeks —3d a bundle. Cauliflowers —3s, 4s and 5s a dozen. Eschaliots—l£d to 2d a lb. Lettuce- to 2d each. Rhubarb—6d and 7d a bundle.

PIGS AND POULTRY.

THE ASHBURTON MARKET. Following were the prices at the weekly sales of pigs and poultry held in Ashburton yesterday:— Pigs—Baconers 43s 6d to 66s 6d, choppers 255, porkers 28s 6d to 34s 6d, stores 16s to 20s, weaners and slips 5s 6d to 15s 6d.

Poultry—Hens Is lOd to 4s Id, roosters Is Id to 2s 7d, duck and eight ducklings ss.

GRAIN AND PRODUCE.

THE DUNEDIN MARKET. DUNEDIN, October 18. The continued dry weather throughout the South Island is causing considerable concern .regarding prospects of the wheat crops for the coming season. The rain which fell in Otago at the end of last week was scattered, and in some districts there was no fall at all. Spring-sown crops are badly in need of moisture, particularly in North Otago and South Canterbury. The only business taking place in wheat is for small lines for fowl feeding purposes. In the local market good fowl wheat is worth 4s 9d. a bushel, sacks extra, with small lots realising ss. The dry weather has caused a lessening in the demand for seed oats, but stocks in store are very light. Some inquiry during the week has been made for shipment, but local merchants are unable to supply owing to the shortage of stocks. Shipping values appear to be improving, as B’s are wanted to-day at 3s 9d f.o.b.s.i. This is the grade of oats mostly inquired for at present. Practically no oats are offering from the country, where quotations are on the basis of 3s 3d, sacks extra, on trucks, for A’s, and 2s lid; to 3s for B’s. Tile chaff market remains firm, with merchants experiencing difficulty in securing supplies. The current value is £5 10s a ton, sacks extra, ex truck, with smaller lots realising £5 15s a ton, ex store. The high price ruling for potatoes has resulted in merchants operating on a reduced basis, as they are disinclined to take the risk of being left with, supplies on their hands. In addition to this, they are not prepared to pay the current high rates. The high prices have brought forward potatoes from outlying districts and from farmers who had intended to hold their potatoes for their own use. There v has been a tendency for farmers who have new potatoes to dig them early to get advantage of the market. Tlie sowing of seed has been curtailed following the dry weather, and on the other hand merchants holding stocks are inclined to advance their values in anticipation of short crops next season. . . . _ Little export business is going through. Stocks of Chewing s fescue have been cleared up, and the market for brown-top is quiet. There appeals to be an abundant supply of dogstail. Cocksfoot is in short supply and seed available will be .required foxsowing out during tlie spring and summer.

MARKETS IN BRITAIN. LONDON, October 17. Wheat—ln view of the heavy realising in North America, the lower Argentine cable news, and heavy Russian shipments sellers have reduced their limits 6d to 9d ioi cargoes. La Platas are 6d cheaper. Australians are steady on some Eastern inquiry, and sellers are _ reserved. There is a fair milling inquiry. Trading is slow to develop, owing to tlio uncertainty over the Canadian policy. Manitoba parcels are 6d to 9d less, and the other descriptions 3d to 6d easier. Australians are steady at late rates, with fair business. Futures are quoted: London: February 27s Id per quarter, April 27s Id. Liverpool: October 6s 9}d per cental, December 6s s*d, March 6s 2d, May 6s lid. Spot tiade is quietly steady • Australian, ©x snip* 33s 6d. MELBOURNE PRICES. MELBOURNE, October 18. Wheat —3s 9d to 3s 9’d. Flour—£l2 Is. Bran—£s ss. Pollard —£5 10$. Oats—2s Id. , Barley (English)—2s lOd to 3s. Maize—4s 6d to 4s 7d. Potatoes—£9 15s to £lO ss. Onions—£8' 5s to £8 10s.

DAIRY PRODUCE IN LONDON.

BUTTER MARKET QUIETER. LONDON, October 17. Butter—Quieter. Danish, 138 s to 140 s. Choicest salted, New Zealand, 124 s to 1265; Australian, 124 s to 1265.

Unsalted, New tralian, 1275. Cheese—. Firm. New Zealand, white and coloured, 61s; Australian, 59s and 60s.

The National Mortgage and Agency Company, of New Zealand, Ltd., report having received the following cable message from Messrs A. J. Mills and Company, Ltd., London: — Butter—Market is slow. Finest, 125 s to 1265; firsts, 123 s to 1245; Danish, 1345; f.0.b., 118 s; Australian, 125 s to Cheese—Market is quiet. White, 61s to 61s 6d. Coloured, 60s to 625.

THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday : LISTED STOCKS Sales on ’Change. £ s. d

ICO N.Z. Refrig. (£1 paid) 1 1 6 200 N.Z. Refng. (10s paid) 0 10 4 100 Tooths Brewery ... 2 17 0 50 Broken Hill Propty., “rights” 0 19 2 Sales Reported. £ s. d. 100 Mount Lyell 0 19 4 100 Broken Hill Propty. (late sales October 17) (2) 2 13 10 100 Beatli and Co. (Is paid) 0 7 6 200 N.Z. Refrig. (10s pd.) 0 10 5 30 Dalgety and Co. ... 8 2 0 1000 N.Z. Insurance 3 2 . 6 (2) 3 2 9 £1480 N.Z. Covt.' 4 p.e. 'Ins., 1952-55 107 16 3 UNLISTED STOCKS. Sales on 'Change. £ s. d. 75 Woohvorths (Sydney) (ord.) 5 8 0 5 7 9