COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 100, 8 February 1936, Page 7

COMMERCIAL NEWS

FRUIT AND PRODUCE.’ THE ASHBURTON MARKET. Greengages have made an appearance on the Ashburton fruit and produce market. There has been an exceptional quantity of fruit coming in during the week. A few more apricots, which are scarce this year, have arrived. Tomatoes have cheapened. Green peas have risen in value, while loganberries are no longer obtainable. Values are as follow: Potatoes—ld to l£d a lb. Bacon—9d to lGd a lb. Wheat—Seconds, 14s and l-5s a sack. Honey—6£d to 7d a lb. Onions —Id and lid a lb. Chaff—2B 3d and 2s 6d a sack. Walnuts—sd and 6d a lb Rhubarb—4d a bunch. Green Peas—ls 6d and Is 9d a peck. Tomatoes—4d and 5d a lb. Raspberries—6d and 7d a lb. Peaches —2s 6d, 3s and 4s a case. Apricots—7s, 5s and 6s a case. Cherry Plums — and 2d a lb. Nectarines—4s to 5s a case. Cucumbers—4d to 6d each. Plums—ld and lid a lb. Apples—2d and 2id a lb. Cabbages—3d and. 4d. Cafrots—3d a bunch. Greengages—2d. to 3d.

CRAIN AND PRODUCE. THE DUNEDIN MARKETS, - * (Per Press Association.) DUNEDIN, February 7. Threshing of some of the crops in Otago is now being carried out, and the new season’s wheat is available from Central Otago, Taieri, and further south. The quality of the wheat is excellent, and yields are good. Prices for fowl wheat are inclined to ease as the new wheat is becoming more plentiful There is not a great deal of fowl wheat available, but the position should improve shortly. Merchants are buying from hand to mouth, the present quotations, ex store, Dunedin, may be given as 4s 9d to 5s a bushel, sacks extra. Some new season’s oats have appeared on the market from early sown crops south of Dunedin. Yields are exceptionally good, and in one instance 403 bags were garnered from 13 acres of land, a return equivalent to 140 bushels an acre. Merchants are not displaying any great interest in the market as they expect prices to ease. Some of the early lines threshed have been sold at 2s 2d a bushel, sacks extra, on trucks. These haye been secured by millers, but merchants’ ideas of values are well below this figure. There is practically no demand for oats for prompt delivery to the North Island, and quotations for delivery ahead have been made at 2s i d f.0.b., s.i., for A Gartons. This price is equivalent to less than 2s a bushel on trucks. Chaff still meets a slow demand. Most of the stores are blocked, up with wool, and only small stocks of chaff are held. Prices remain about the same as last week, best quality being worth about £5 10s a ton. As supplies are wanted they are being drawn from Canterbury. The potato market is over-supplied, and it is difficult to effect sales. Retail demand is small. The high prices at the end of last season caused a greater number of householders than usual to plant potatoes in their gardens. . ... All the seed markets are quiet, with low prices indicated by merchants, who cannot see much encouragement to handle all the seeds that will be on offer ttis season. The weakness in the market applies particularly to ryegrass. Threshing has commenced in most districts, but practically no sales have to be recorded. Prices being offered by merchants are not acceptable to farmers, who are storing their supplies in the meantime. ENGLISH QUOTATIONS. LONDON, February 6. ■Wheat-Cargoes are steadier and parcels are quiet. Futures are quoted: —London: March, 30s o*d per quarter; July, 30s. Liverpool: March, 6s 2 8 d per cental; May, 6s l|d; July, 6s 2|d. Spot trade is quiet. Australian, ex ship, 32s 6d to 335. Flour— Easier. Australian, ex stole, 235. Oats, peas and beans —Quiet. Quotations nominal. /

PRICES IN MELBOURNE. MELBOURNE, Feb. 7. Wheat—3s Bd. Nominal. Flour—£l2 2s 6d. Bran—£s 10s; pollard £6. Oats—2s 2d to 2s 3d. Barley (English)—2s lOd to 2s IOJd. Maize—ss 3d. Potatoes —£5 5s to £6 os. Onions—£4 5s to £4 10s. CHICAGO WHEAT FUTURES. NEW YORK, Feb. 3. Chicago wheat futures are quoted: — May 99f cents a bushel, July 89£d, September 88|. DUNEDIN CITY LOAN. £130,000 AT 3} PER CENT. DUNEDIN, February 7. A sum of £130,000, the balance of £IBO,OOO required to finance the Deep Creek water scheme, has been raised by the Dunedin City Council on very favourable terms. A sum of £IOO,OOO

has been subscribed by the Australian Mutual Provident Society at 3J per cent, on a table mortgage for a period of 25 years, repayable at six-monthly periods until finally liquidated. The remainder of the loan (£30,000) has been provided by the Dunedin Savings Bank, for a 25 years’ term, at the same rate of interest. The first portion of the loan (£50,600) was raised some time ago in Wellington, through the Public Trustee, at 3* per cent, for 25 years. FEILDING RAM FAIR. GOOD PRICES REALISED. FEILDING, Feb. 7. Prices for Southdowns ajb the Feeding ram fair were about four to five guineas ahead of those paid last year. There was a firm demand for good quality rams. Studs sold at an average of. 29 guineas, the highest price being 37£ guineas for one on behalf of C. F. McLaughlin (Blenheim). THE SHARE MARKET 1 The following sales were made oh the Christchurch Stock Exchange yesterday : LISTED STOCKS. Sales on ’Change.

DAIRY PRODUCE !N LONDON. United Press Association—Copyright) LONDON, February 6. Butter —Irregular, with a rising tendency. Danish, 130; choicest salted New Zealand 97, Australian 965; unsalted New Zealand 102 s, Australian 100 s. Cheese —Firm. New Zealand white 535, coloured 57s 6d; Australian white 52s 6d, coloured 565. The National Mortgage and Agency Company of New Zealand, Ltd., report having received the following cablegram from A. J. Mills and Company, Ltd., London:— Butter—Market is firm. Finest 95s to 965, firsts 94s to 955, Danish 120 s, f.o.b. 104 s, Australian 955. Cheese —Market is steady. White 53s to 53s 6d, coloured 57s to 57s 6d, Canadian, c.i.f., 60s to 625.

£ s. d. 150 Com. Bank of Aust. (ex div.) 0 18 11 100 National Insurance ... 0 18 11 100 N.Z. Insurance (cum div.) 3 4 0 3 4 3 50 South British Insurance 4 15 0 90 Mortgage Corporation 0 4 10 150 N.Z. Refrig. (£1 pd., . cum div.) ... 1 2 6 400 N.Z. Refrig. (10s pd., cum div.) (2) 0 10 11 200 Westport - Stockton Coal i 0 1 5 200 Westport - Stockton Coal (pref.) 0 2 6 100 Christchurch Gas (10s paid) 0 17 5 200 N.Z. Breweries 2 13 0 50 Burns, Philp 3 10 0 100 Consolidated Brick ... 0 10 6 200 G. J. Coles (2) 3 14 9 3 14 8 200 Hume Pipe (Aust.) (2) 0 16 10 100 Kauri Timber 1 4 4 500 Big River 0 2 0 0 2 0* 300 Mount Lyell 1 3 2J (3) 1 3 3 900 Skippers 0 0 3 Sales Reported. £ B, d. 25 Union Bank of Aust. (late sale Thursday) 9 17 9 23 Union Bank of Aust. 9 17 6 100 N.Z. Insurance (cum div.) 3 4 0 15 Dalgety and Co. 8 15 ,6 100 N.Z. Breweries 2 13 0 100 Staples Brewery 1 16 0 50 Claude Neon (N.Z.) 2 2 9 100 G. J. Coles (late sale •' Thursday) 3 14 6 150 G- J- Coles 3 14 6 3 14 7 3 14 9 200 Kauri Timber (2) 1 4 4 G 75 Wilson’s Cement ... ■ 2 7 100 N.Z. Farmers’ Co-op. (“A” pref.) 2 12 6 300 Mount Lyell 1 3 2 i 100 Mount Morgan (2s 6d paid) 0 18 1 £400 Wanganui City Council, 4\ pc., 1/11/48 .. 104 0 u 9 Bank of N.S.W. 31 5 0 UNLISTED STOCKS. Sales on ’Change. £ s. d. 1500 Argo Gold Dredg. (4) 0 1 500 Argo Gold’ Dredg. (6d paid) 0 0 9 50 Woolworths (Sydney), ord 6 9 9 6 10 0 Sale Reported. . £ s. d. 100 Woolworths (Sydney), ord 6 9 3