COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 97, 5 February 1936, Page 7

COMMERCIAL NEWS

TINWALD STOCK MARKET. THE CONCLUDING SALES The following were the sales of freezing pens at the Tinwald stock market yesterday:— Fat Ewes: —On account of clients, 23 at 11s 4d, 42 at 11s 7d, 18 at 10s 4d to 12s Id, 71 at 11s 7d, 118 at 12s lid, 30 at 11s 2d. Fat Lambs —On account of clients, 29 at 21s, 3l at 11s 7d, 3 at 22s Id to 22s 6d, 71 at 21s to 26s lOd, 49 at 21s Id, 72 at 20s 4d, 29 mixed sex rape lambs at 15s sd, 191 at 17s Id; on account of J. Campbell (Woodrow) 50 wether rape lambs at 17s, 145 at 16s ’9d. Fat Wethers—On account of client, 6 at 20s ,4d. The following were sales of store sheep:— Store Ewes—On account of client, 154 rape ewes at 5s Id, 111 at 4s, 54 at Is lid, 130 at 5s Id, 96 at 6s 3d. Store Lambs—On account of client, 45 at 17s 6d, 125 at 17s Id, 123 at 14s 1 to 19s Id, 278 at 13s 7d to 17s 3d, 16 at 12s Id, 166 rape lambs at 16s lOd, 149 at 15s 2d, 387 at 14s, 37 ewe lambs at 20s; on account of Surrey Hills Estate, 300 at 14s 7d, 297 at 17s 4d, 302 at 14s 7d, 121 at 11s Bd. DOMINION PRODUCE. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated February 1, from the High Commissioner for New Zealand, London:— Tallow—Spot market quiet with prices nominally unchanged. Little more interest shou T n for shipments. Hemp—Manila: Market quiet and easier. “K” grade for January-March shipment quoted sellers at £2,2 los. Sisal: Market quiet and easier. leD-ruary-April and March : May shipments opening rates about maintained at New Zealand: Market nominally unchanged and no first-hand sales reP °Peas—Maples: Owing to the a©port that Tasmanian crops are expected t be short, shippers are not offering. Quotations for “A” grade Tasmani during the month were 50s to 545, but no business reported. Prices out of range with this market. New Zealand. More interest shown. New crops-fair business done. No. 1 grade March April shipment 46s to 47s 6d - old —January-February shipment at 48s, but buyers not Blues: Market steady. A grade Tasmania new crops ior Pebr lary March shipment sold early this montn at £lO 15s.

THE SHARE MARKET. rrvu 0 fnllowins sales were made on the Christchurch Stock Exchange yesterday : ' LISTED STOCKS.

SYDNEY WOOL SALES. KEEN GENERAL DEMAND. SYDNEY, February 4. At the wool sales 11,369 bales were offered, 10,299 were sold at auction, and 1329 privately. Competition was keen and general, especially for well-grown descriptions, and the recent improvement in values was maintained,. Very full and satisfactory clearances were made. Medium to coarse crossbreds of top-making descriptions were irregular, ruling in buyers’ favour. ' Greasy merino made to 23d. AUCKLAND WOOL CHEQUE. DOUBLE THAT OF LAST YEAR. AUCKLAND, February 4. It is estimated that the second Auckland wool sale of the season, held on January 21, was worth from £300,000 to £325,000 to growers in the province. It compared with £169,096 realised at the second Auckland sale last season, and £455,455 at the exceptionally good sale in January, 1934. The cheque for the first sale of the

current season, in December, was £240,154. The proceeds of the two sales so far held thus amount to> about £550,000. Last season the first two sales returned £256,346 and in 1933-34 £783,149. THE BRADFORD WOOL MARKET. LONDON, February 3. Bradford topmakers are adhering to their refusal to make concessions, but users are not disposed to buy at the present rates. The market is consequently quiet. The consumption of yarns is well maintained, and quotations are firm. GRAIN AND PRODUCE. AUCKLAND. Potatoes are available in large quantities from Fukekohe at 3s a sugarbag or £4 los a ton, on rail. Onions are plentiful at £5 10s a ton on rail, Pukekohe. Maize is scarce and dear at 6s 9d a bushel. Pollard is in short supply, the mill price being £6 10s a ton. Bran is quoted at £6. Chaff is unchanged at £8 2s 6d a ton. WHEAT PRICES IN BRITAIN. LONDON, February 3. Wheat are easier. Parcels are steady. Futures are quoted: — London: March, 30s per quarter; July, 30s 2id. Liverpool: March, 6s 3gd per cental; May, 6s 2|d; July, 6s 2fd. CHICAGO WHEAT QUOTATIONS. NEW YORK, February 3. Chicago wheat quotations are : May, 99| cents a bushel; July, 88i; September, 87|.

Sales on ’Change. £ s. d. 25 E., S., and A. Bank... 6 5 0 170 Union Bank of Aust. 9 16 6 50 N.Z. Breweries ... 2 12 9 9 100 British Tobacco (2) 325 Dominion Builders Z J. 0 5 0 5 6 5 Supplies W 100 G. J. Coles (2) 100 Kauri Timber 100 United Provisions ... 1000 Lawson’s Flat (2) 3 13 0 14 2 0 14 11 u v 1 3 Q 600 Mount Lyell W O 350 Mount Morgan (2s 6d paM) - <§ 0 17 H 0 18 0 Sales Reported. £ s d. 150 Com. Bank of Aust. . 20 E., S., and A. Bank 0 19 2 (late sale Monday)... 6 2 3 100 E., S., and A. Bank... 6 2 6 4 3 3 50 Natl. Bank of A’asia 6 4 0 7 11 7 10 0 6 50 Union Bank of Aust. 10 Christchurch Building 9 17 0 Society .... ••• 100 N.Z. Breweries (2) 15 U V 2 12 10 200 Broken Hill Propty. 1 9 (con.) .... ••• 2 700 Quill, Morris (in liq6 4 uidation) 0 5 0 5 0 5 6 125 Woolworths (N.Z.) (ord.) (late sale Monday) 5 18 3 200 Mount Lyell 1 3 1 50 Mount Morgan (2s 6d 0 18 0 paid) UNLISTED STOCKS. Safe on ’Change £ s. d. 700 Argo Gold Dredging . 0 1 31 *