COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 18, 2 November 1935, Page 7

COMMERCIAL NEWS

FRUIT AND PRODUCE. THE ASHBURTON MARKET. The current period on the Ashburton fruit and produce market has been a quiet one, commodities moving in only small lots. Potatoes, both table and seed, are cheaper and rhubarb has also decreased in value. Values are as follow:

Potatoes—lss to 17s 6d. a sack; early seed, Id and lijd a lb. Bacon—9d to lOd a lb. Wheat—Seconds, 13s and 14s a sack. Honey—6Jd to 7d a lb. Onions—4d and 5d lb.

Spring cabbages—2d and 3d each. Apples—Stunners 8s to 9s, Delicious 8s 6d to 9fl. Chaff—2s 3d and 2s 6d a sack. Walnuts—sd and 6d a lb. Leeks—3d a bundle. Cauliflowers —3s and 4s a dozen. Eschaliots—l£d to 2d a lb. Lettuce—lid to 2d each. Rhubarb—ld and 6d a bundle. Gooseberries—4d a lb.

PIGS AND POULTRY. THE ASHBURTON MARKET. Following were the values for pigs and poultry realised at sales held in Ashburton yesterday:— Pigs—Porkers 30s 6d to 39s 6d, stores 17s to 19s 6d, weaners and slips 11s 6d to 16s. Poultry —Hens 2s Id to, 2s sd, roosters 2s Id to 4s 4d. NO BIDS FOR TOWN PROPERTY. Instructed by the mortgagees, Mr Reg. Stephenson, in conjunction with Mr W. H. Amos, offered at public auction yesterday a town property of a quarter-acre with a six-roomed house, situated l at 87 Grey Street. There were no bids, and the property was passed in.

GOODWILL OF LEASE. The goodwill of the lease of a property of 273 acres at Racecourse Read, Ashburton, occupied by Mr J. T. White, was sold at auction by the New Zealand Farmers’ Co-operatiye Association, Ltd., Ashburton, yesterday afternoon, to Mr W. G. Marshall, of Ashburton, for £670.

GRAIN AND PRODUCE.

DUNEDIN

DUNEDIN, November 1. There is still a good demand for fowl wheat, as merchants are buying in anticipation of a shortage before the new crop comes in. Requirements are being secured from the Wheat Purchase Board, whose stocks are gradually being depleted, and it will not be long before the surplus at Oamaru is worked off. The market remains firm at 4s 9d a bushel, sacks extra, ex trucks, with 5s for lots ex store. The sowing of wheat in Otago for the coming season is completed. " Considering the quantity of seed that has gone out to growers, it is thought that the area sown will not be greater than that last year.

The rain last week proved very beneficial to earlier sown crops.

A quiet period is being experienced in the oat market. The denland for seed has fallen off, and there are practically no oats left in stores. Prices are unchanged on the basis of 3s lid f.0.b., s.i., for A’s, and 3s 9d for B’s. In anticipation of better yields for the coming season, there are already quotations on the market for deliveries next year. The quotations show a substantial drop in values, and are round about 3s Id for A’s, spread delivery, April to September. There has been a weakening in the demand for chaff.

The potato market continues depressed, with sales difficult to make. Small supplies have been arriving from the country, but the distributing trade has now dwindled down to small compass. The present value is difficult to name, quotations being irregular, and merchants are not prepared to operate to any extent. Apart from the retail trade, which continues good, there is little business in seeds. The wholesale markets are quiet, merchants not being prepared to stock until they have worked off the supplies in hand. There is no quotable change in values.

LONDON QUOTATIONS

LONDON, October 31

Wheat—Cargoes are steady and parcels fairly active. The spot trade is occasionally easier. Futures: —London: February, 25s 4d per quarter; April, 25s sd. Liverpool: October, 6s 6Jd per cental; December, 6s 2-Jd; March, os 10£d; May, 5s 10id. Australian, ex ship, 32s 6d. Flour—Quiet. Australian, ex store, 23s 3d to 23s 6d.

DAIRY PRODUCE. LON MARKET STEADY. LONDON, October 31. Butter—Quietly steady at lower levels. Choicest salted, New Zealand 106 s, Australian 104 s to 106 s; unsalted, New Zealand 110 s, Australian 108 s. Cheese —Weak. New Zealand, white and coloured, 535; Australian, 51s to 525.

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 is quiet. Finest 105 s to 106 s, firsts 103 s to 104 s; Danish,

124 s to 1265, f.o.b. 104 s; Australian, 105 s to 106 s. Cheese—Market is steady. White 52s to 535; coloured, 54s to 58s.

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

BRADFORD TOPS MARKET.

LONDON, October 31. The Bradford tops market is fairly steady. Quotations: —70’s, 33d; 64’s, 30£d; 60’s, 29R; 56’s, 46’s, 12:id; 40’s, lid.

THE BANK OF NEW ZEALAND.

AN INTERIM DIVIDEND. WELLINGTON, November 1. The directors of the Bank of New Zealand announce that an ihterim dividend of is a share on ordinary shares and 3H per cent, on Di long-term mortgage shares will be paid in New Zealand currency on December 7.

Sales on ’Change £ s. d. £500 N.Z. Govt. 3 b p.c. Ins., 1938-52 104 7 6 £200 N.Z. Govt. 4 p.c., Ins., 1937-40 101 12 6 100 Mort. Corpn. (5s pd.) 0 5 6 200 Broken Hill Pty. (cum div.) 2 15 2 (3) 2 15 3 100 Electro. Zinc (ord.) 1 12 6 100 Electro. Zinc (pf.) ... 1 17 6 100 Kauri Timber (cum div.) 1 2 9 100 Mount Lyell ... 0 19 4 Sales Reported. £ s. d. 100 Waihi Grand June. 0 4 0 1000 Central Shotover (2) 0 0 1 100 N.Z. Newspapers ... 2 0 6 155 N.Z. Drug Co. (2) 3 17 0 100 Kauri Timber (cum div.) 1 2 0 200 Broken Hill Pty. (cum div.) 2 15 3 (3) 2 15 4 300 South British Insur. 4 7 6 £500 Nth. Canty. Hospital Brd., 4-i p.c., 1/11/43 103 0 0 £500 Lvttelton Harbour, 5 k p.c., 1/1/43 ... 103 15 UNLISTED STOCKS. 0 Sales on ’Change. £ s. d. 100 Weres Invest. Trust 0 5 0 50 Woolworths (Sydney), ord. 5 11 6