COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 98, 6 February 1936, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Ashburton grain, seed and produce merchants report a fairly quiet week. Milling wheat continues to come forward in increasingly large quantities, and all lines of good condition and weight are easily placed. The announcement of fixed; prices by the Wheat Committee is anxiously awaited after its meeting to-day. There is a strong demand for fowl wheat, and practically all lines of wheat offering have been of milling quality. Few lines of oats have been offered during the week, as farmers are confining their attention to the threshing of wheat. Threshing of cocksfoot is in full swing, and from yields available there will not be the quantity that there was last season. Sales have been reported at from 5d to 6d a lb. Odd lines of partridge peas have been headed, the nominal values of these being from 3s 6d to 3s 9d a bushel. No sales have yet been reported. The forward position for potatoes is still weak. SOUTH CANTERBURY.

TIMARU, This Day. Threshing is in full swing in South Canterbury and many lines have been delivered to the mills, Mid-Canterbury being very little ahead of this district so far as an early harvest is concerned. It is believed that South Canterbury is again showing a much better baking test than Mid-Canterbury lines. The yields so far have been good, some farmers having threshed as much as 57 bushels to the acre of Tuscan. One grower working for 13 hours reaped 2000 bushels, which averaged 57 bushels to the acre. One or two lines of Jumbuek are reported to have gone well over 40 bushels. Generally speaking, the quality of the wheat is excellent. It is meeting with a ready sale, as neither the Board nor the millers have a carry-over of any appreciable size. It is expected that the new season’s prices will be announced to-day. It is also believed that the pay-out on last year’s crop will he at least 6d a bushel.

Very little business has been passing in fowl wheat, operators being content to await the announcement of milling wheat prices. There is a fair demand for A and 13 Garton oats for forward and prompt sales. A’s are worth Is lid a bushel on trucks and B’s Is 9d. As most farmers are busily engaged in threshing wheat there is not a great quantity of oats offering. Algerians are quoted at Is 6d a bushel and dark heavy Duns at peas are nominally quoted at 3s 6d to 3s 9d a bushel on trucks. Chevalier barley is worth 2s 9d a bushel on trucks, Cape 2s 6d (nomma ) and black 3s 3d. „„ The nominal value of chaff is £2 ios a ton on trucks, but as yet no new season’s is available. . The quotation for lmseed is from £8 to £9 a ton on trucks There is an absence of demand for prompt and forward potatoes owing to the present over-supply m the North Island. Present xndieations sugg that it will he May or June ef + there is any general inquiry from the North Island. . , f + anv Seeds are not inquired *<"*“_** extent, the quotations being= Ryegrass Western Wolths and Italian Is 4d bushel on trucks cowgrass M ner lb, crested dogstail 4d, 4d to sd, and brown top 9d to lod (machine dressed).

THE STOCK MARKETS. ADDINGTON. CHRISTCHURCH, Fek* Values for fat cattle at Add to-day were lower and finn also were cheapei. Lm 1 e market and prices foi store ew« There was a ?"****£ 3800. and no change m values, thong t 90a fid ordinary 11s ocL to 2 FaHambUTL entry was n good one and competition keen at late rates. Extra prime made to 34s 4d, prime 24s 6d to 27s 6d, medium 21s to 24 Store sheep.— Good young ewes and forward rape ewes sold well at an ad vance of UP to Is. Best two-tooth crossbreds made to 33s 6d. There was a large entry of lambs but the quality was not impressive and values were lower by up to Is 6(1 a head. Fat cattle.—There was a yarding of 485 Best beef was 10s a head cheaper and old cows and inferioi cattle up to 20s lower. Extra prime heavy steers made to £l2 12s 6d, medium weights £5 15s to £9 ss, prime heifers to £8 12s 6d, medium £4 to £7, extra prime cows to £6, others to £4 ss. . . Pigs.—Fats sold well, specially porkers. Baconers made 46s to £3 3s 6d (average per lb. 45d to scl) and porkers 28s to 44s (average oi[d to 6£d).

BURNSIDE. DUNEDIN, February 5. The entry of fat cattle at the Burnside sale to-day numbered 300. The yarding included only a small proportion of heavy prime cattle, a fair percentage of medium bullocks, and a large number* of cows and heifers, many of the latter being of indifferent quality. Prices for all classes showed an easing to the extent of about 10s a head at the commencement of the sale. Over the last two races, however, there was a distinct firming. In the store cattle section there was an entry of 177. The yarding comprised,

chiefly boner cows and a few pens of steers A pen of three and four-year steers sold to £4 2s 6d. The dry weather is still having its effect on the demand from" graziers. There was a firm sale for vealers. A small entry of dairy cows met Avitli a quiet sale, although there was a fair demand for young cows close to profit. There was a smaller yarding of fat sheep, 1475 being forward. The offering comprised principally medium quality sheep with a few pens of prime heavy wethers and ewes, and a large number of light unfinished sorts The market opened with prices full} equal to those obtained, at the previous sale, and remained firm until the last two races, when values were slightly e£l ln l the fat lamb section 1760 were penned. There was a firm demand from butchers for heavy soite while export buyers operated freely at ful schedule rates. One line of pnme heavy freezing lambs of excellent quality sold to 28s 3d. In the fat pig section 110 were penned. The entry met with a firm sale, baconers selling to £3 4s ana porkers to £2 15s. The small entry oi 66 store pigs met an improved demand, and prices were higher to the extern; of 3s to 4s a head.

frozen meat prices. The Meat Board advises that owing to an error in its cable from London the priStor New Zealand frozen beef, n „ fores was erroneously quoted on price was 2£d, per lb. the share market. The following sales were made on the Christchurch Stock Exchange ye cerday:—• LISTED STOCKS.

Sales on ’Change. £ s. d. 350 E., S.. and A. Bank 6 5 0 50 Bank of N.Z. 25 Dalgety and Co. ... 2 8 0 7 15 6 0 4 100 N.Z. Guarantee Corp. c) 100 N.Z. Refrig. (10s pd., cum div.) 0 10 10 400 Christchurch Gas (ex div.) .■• ( 4 > 10O N.Z. Breweries 1 2 16 12 9 9 100 Broken Hill Propty. 1 8 9 (contr.) : .. 100 Dunlop Perdnau Rubber 0 15 10 100 Electro. Zinc (ord., cum div.) 50 G. J. Coles ••• 1 3 15 14 11 0 100 Hume Pipe (Aust.) 0 16 6 0 300 United Provisions (3) 0 15 100 Quill Morris (in liqui0 6 dation) ... 5 1300 Mahakipawa (193U, pref.) ••• (3) 0 0 2 A 150 Mount Lyell 1 1 3 3 4 3 1000 Nevis Diesel (2) 0 0 0| Sales Reported. £ s. d. 150 Com. Bank of Aust., (cum div.), late sale February 4 0 19 3 13 Com. Bank of Syd20 34 6 0 ney 5 Bank of N.S.W . 7 5 50 E., S., and A. Bank 20 Natl. Bank of A/asia 6 5 12 0 6 (£5 paid) 25 Union Bank of Aust. 7 9 2 17 6 100 British. Tobacco 300 Broken Hill Propty. 1 9 S 9 0 9 (contr.) ... (2) 1 1 50 Claude Neon (N.Z.)... 200 Electro. Zinc (ord., 2 2 15 6 9 cum div.) 1 25 Dalgety and Co. 270 General Motors-Hol-8 1 15 0 6 den’s (pref.) 3 100 Kauri Timber 1 4 2 150 Mount Lyell (2) 0 0 18 18 12 3 UNLISTED STOCKS. Sale on ’Change £ s. d. 1650 Argo Gold Dredging (4) 0 1 3 500 Argo Gold Dredging 8 (6s paid) 0 0 50 "YVoolworths (Sydney), ord. G s 9 - 6 9 0 Sales Reported. £ s. d. 200 Assoc. Motorists Petrol (pref.) 1 6 0