COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 124, 7 March 1936, Page 7

COMMERCIAL NEWS

FRUIT AND PRODUCE. THE ASHBURTON MARKET. A shortage of tomatoes, which have risen in price, is reported on the Ashburton fruit and produce market. Nelson tomatoes are finished for the season. A glut of peaches was experienced all the week, prices falling slightly. Cooking pears are also lower in price, while 'green peas have fallen again. Greengages have disappeared from the market, and supplies of Cox’s Orange apples have arrived, selling at from 7s to 8s a case. Values are as follow: — Potatoes —Id a lb. Bacon—9d to lOd a lb. Wheat —Seconds, 13s to 14s a sack. Honey—6£d to 7d a lb. Onions —Id a lb. Walnuts —Sd and 6d a lb Rhubarb —4d a bunch. Green Peas —Is 6d a peck. Tomatoes —3d and ’4d a lb. Peaches—2s, 3s to 4s a case. Nectarines —3s and 4s a case. Cucumbers —2d and 3d each. Plums- —Id and l£d a lb. Apples—lid and 2d a lb. Cabbages—3d and, 4d. Carrots —3d a bunch. Pears—Bon Chretiens, lid and 2d a lb; cooking pears 1/6 to 2/- a case. Blackberries —s£d and 6d a lb. Cox’s Orange Apples 7s to 8s a case. DAIRY PRODUCE IN LONDON. LONDON, March 5. Butter—lrregular. Danish 1325. Choicest salted, New Zealand 86s, Australian 86s. Unsalted, New Zealand 92s to 935, Australian 925. Cheese—Quiet. New Zealand white 49s 6d to 50s, coloured 53s 6d; Australian white 48s to 495, coloured o2s. The National Mortgage and Agency Company of New Zealand, Ltd,., report having received the following cablegram from A. J. Mills and Co., Ltd., London:— Butter —Market is steady. Finest 80s to 87s, firsts 85s to 86s, Danish 1325, f.o.b. 110 s, Australian 86s to 87s. Cheese —Market is quiet. White 49s 6d to 50s, coloured 53s to 53s 6d, Canadian c.i.f. 60s to 625.

GRAIN AND PRODUCE. DUNEDIN MARKET. t . •' (Per Press Association.) DUNEDIN, March 6.. The fowl wheat market for shipment is firmer, owing to the scarcity for the time being of offerings, following on the hold-up of the threshing mills. For prompt shipment the quotation is up to 4s 6d, f.0.b., sacks extra; but for deliveries ahead prices are lower; Locally there is not much fowl wheat available, aud requirements have to be drawn from Canterbury. The local quotation is 4s 9d, ex store, sacks extra,. The oats market has been affected by the scarcity of offerings and values have firmed slightly for prompt shipment; 2s 9Jd, f.0.b., s.i., is now being asked. So far as the local market is concerned few oats have been on offer. For A Gartons'2s 3d, sacks extra, country sidings, has been paid. As most of the oats crops have been affected by the weather it is now considered that there will be few A Gartons in. this district. The threshing that has been carried out shows that yields will be high and, leaving out the question of quality, there should be plenty of oats to meet requirements. There is no alteration in the chaff market. Some inquiries have been received for old chaff, values of which rule higher than for new season’s. Old chaff is quoted at about £5 a ton, sacks extra,- ex 9tore, with new season’s worth 10s a ton less. Supplies of this season’s chaff are being obtained from Canterbury, where growers appear to he willing to sell at fairly low prices. The distributing trade in potatoes is still poor. Growers have been unable to dig their crops owing to weather conditions, and moreover are not inclined to send supplies to the market- and accept the present prices. Supplies nevertheless are quite sufficient to meet the demand. The current value is £5 a ton, sacks in. Merchants 'complain that there has been a paucity of offerings in seeds, but on the other hand they are not showing much interest, as they are not prepared to buy at the values being asked by farmers. It is some time since so few samples have appeared on the local market, the chief cause being the weather. There is also a disinclination on the part of growers to accept the ruling rates. Ordinary ryegrass remains steady at the increased prices which were available last week. Certified ryegrass is firm, and it appears » that there will he a scarcity of this seed consequent on the damage done to crops in' the North Island. The cocksfoot market is also firm. Supplies for immediate delivery are not plentiful, and merchants have advanced their prices by 3d per lb. It is expected that the price of cocksfoot will remain steady for the autumn trade. The dogstail market remains steady, and this also applies to fescue. There lias been a fair amount of export of fescue, and this still continues. Brown top seed is just starting to appear on the market. Reports of yields vary. In some districts heavy yields are expected, and in others it is stated that the crops were affected by the dry weather early in the season and later on by frosts. CHICAGO WHEAT QUOTATIONS. NEW YORK, March 5. Chicago wheat futures: May 100 1-8 cents a bushel; July 89 7-8; September 88 5-8. QUOTATIONS IN BRITAIN. LONDON March 5. Wheat—Cargoes are less depressed. Parcels are quiet. Futures: London, March 29s per quarter; July 29s sd;

Liverpool, March 5s 11 5-8 per cental; May, 6s 11 l-8d; July 6s 22d. Spot trade is slow. Australian ex-ship 31s 9d. Flour ex-store, 225; 22s Gd. MELBOURNE MARKETS. MELBOURNE, March 5. Wheat, 3s BJd. Flour: £9 ss. Bran, £5 15s. Pollard: £6 ss. Oats: 2s 2,}d. Barley: English, 2s 9d to 2s lOd. Potatoes: £7 os to £7 15s. Onhms: £6 5s to £6 6s 6d. THE SHARE MARKET! The following sales were made on the Christchurch Stock Exchange yesterday : LISTED STOCK». Sales on.’Change.

COMMONWEALTH FINANCING LONDON, March 5. The city editor of the “Times” says? that the Commonwealth Bank’s action in selling £1,000,000 Treasury Bills is a notable step in the evolution of the money market, as it increases the bank’s control of the credit situation, neces-sary to maintain stability of exchange. It is easy to understand the Governments desire to prevent depreciation of the Australian pound as it would increase the cost of the external debt and to some extent nullify the very considerable savings of recent conversion operations.

£ s. d. 400 Com. Bank of Aust. 0 (4) 1 4 5 Bank of N.S.W. 300 N.Z. Refrig. (10s pd) 34 0 12 6 9 (3) 9 200 Anthony Hordern ... 1 1 O 0 4 3 300 Dunlop Perdriau Rubber (3) 0 14 11 50 G. J. Coles 3 12 y 300 Mount Lyell 1 4 5 (2) 1 4 4 1 4 3 100 Mount Morgan 0 16 1 Sales Reported. £ s. d. 100 Com, Bank of Aiust. 1 0 (late sale Thurs.) ... 4 500 Timaru Brewery (7s 0 6d pd., and 2s 6d call) 0 12 50 G. J. Coles (late sale 11 Thurs.) 3 12 1000 Brian Boru (late sale 0 0 Thurs.) n 250 Mount Lyell 1 4 3 (2) 1 4 4 100 Com. Bank of Aust. 1 0 4 100 Mount Morgan O 16 1 50 G. J. Coles 3 12 9 UNLISTED STOCKS. Sales on ’Change. £ s. d. 75 Wool worths, Sydney 0 6 (ord.) 6 10 6 11 Sales Reported. £ 6. d. 500 Arthur’s Point 0 0 6