COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 206, 13 June 1936, Page 9

COMMERCIAL NEWS

FRUIT AND PRODUCE. THE ASHBURTON MARKET. Another quiet week has ibeen reported on the Ashburton fruit and produce market. Although this time of year is never an active one for fruit and produce, merchants state that this year business is abnormally small. A rise in apples is anticipate}: shortly, but it is expected that the rise in prices will not be large. Prices were not changed this week. Values are as follow : Potatoes-35 a. sugar-bag. Bacon—~9d and-10d a Ib. Wheat—Seconds, 12s to 13s a sack. Honey—6M to 7d a 111. Onions—ld a pound. Walnuts—4d and 5d 21, Ib. Dessert Apples-43 6d to 55 6d a case. Cabbages—3d and 4d. ' Carrots—2s a sugar bag. Pears—ls 6d and 23 a case. Cooking Apples—33 to 4s a case. Swedes—~lß 6d a. sugar-bag. Marrows—Ad, 6d and 18, according to size. 'Parsnips—Zs a sugar-bag. Chaff~2s 6d a bag. Cauliflowers—3s, 4s, and 5s a dozen.

GRAIN AND PRODUCE. THE DUNEDIN MARKET. (Per Press Association). DUNEDIN, June 12. The market for fowl wheat is inclined to weaken, and the local price is 4s 6d a bushel, ex truck. Offerings Of oats from the country are light. There is still a. demand from Canterbury for lines suitable for seed purposes. A fair number of transactions have taken place in the 'l‘apanui and Gore districts for railing through to Canterbury and North Otago. The shipping demand is not veny brisk, and in View of the increased prices being paid in the country, merchants have raised their f.o.b.s.i. quotations, which are now 35 2d for A Gartons and 39 for B’s. 'Buyers are not responding to these prices. There should still be: a fair quantity of oats required fori seed“. Lines in the country are worthi “2s 9d, sacks extra, on trucks, for heavy Cartons, and from 2s 4d to 2s 6d for other grades. The demand for chaff continues quiet with the price for best quality remaining steady at £4 10s to £4: 15s a. ton, ex trucks. Supplies are being draWn from Canterbury, and lines have also been arriving from ‘Otago districts. Some of the chaff is discoloured, and is not readily sale able, and has to be taken into store. Sales are mostly confined to small lots, ex storeJ at £5 5s a ton for best qual—ity. Sales of potatoes have been hard to efiect. Shipping values have shown a decline, and the local market has also weakened. Best quality Arran Chiefs are worth £5 5s a ton ex truck, with King Edwards of sound quality worth a higher figure, The market for all varieties of seeds is quiet, with practically no business passing. During the week there has been an inquiry for fescuo and a. few sales have been made for shipment. Ordinary ryegrass is still neglected and the vocksfoot market, although steady, ‘is quiet. The market for other seeds, such as white clover and ryegl‘ass, is also quiet. Brown Top seed is neglectcd.

ENGLISH WHEAT QUOTATIONS

’ LONDON, June 11. Wheat cargoes are steady and parcels are easier. Quotations: London—July 26$ 55d a quarter, NoV'ember 26s 45d. Liverpool-July 5S 7%(1, October 55 75;-d, December 58 6%(1 a cental. The spot trade is quiet. Australian ex ship 305 6d. Flour is easier. Aus~ tralian ex store 225 to 25 3d. CHICAGO .WHEAT FUTURES. NE‘V YORK, June 11. Chicago wheat futures are: July 85 1-8 cents a. bushel, September 85 7-8, December 88. PRICES IN MELBOURNE. MELBOURNE, June 11. Melbourne quotations are:— ’\Vhea-t—-35 Bird. Flour—£9 12$ Gd. Bran—£6 53. Pollard—<B6 10s. Oats—23 4d. Barley—2s 8d to 2s 10d. Maize——ss 7d: to 55 7%(1. Potatoes—£6 105 _to £8 55. Onions—4:9 'lss to £9 17s 6d.

DAIRY 'PRODUCE IN LONDON. NEW ZEALAND BUTTER 113/—. LONDON, June 11. Butter is firm. Danish, 1203. ChoicCst salted New Zealand, 1123, unsalt—ed, 1123 top 113 s. Australian, salted and unsalted, 112$. Cheese is strong. New Zealand, white 613 (id to 625, coloured 623. N 0 Australian is available. The National“ Mortgage and Agency Cmnpamx of New Zealand, Ltd., report having received the following cable—gi'am from A. 'J. Mills and Company, Ltd,, London :- B'utte-r—Market is quiet. Finest 111$

tol 1123; firsts 1103 to 111 s; Danish, 118 s; f.o.b. 1003; Australian 110 s b 0 111 s. '

'Gheese—Market is quiet. White 615 ; coloured 625.

THE SHARE MARKET. V The following sales were made on the Sinistchurch Stock Exchange yester‘ay : LISTED STOCKS. Sales on ’Change. ' ‘ £ s. d.

Sales Reported.

UNLISTED STOCKS. Sales on ’Change.

BRADFORD TOPS MARKET LONDON, June 'll. Bradford quotations for tops are: Merinos seventies 34d, sixty-fours, 32d, sixties 31d. Cross-brads, fifty-eights, 24am}, fifty-sixes, 20:}(1, fifties, 16d, forty—sixes 14d, forties 13%(1. There is slightly improved inquiry with small business, .

£200 N.Z. Govt. 4- p.c. 1113., 1937-40 102 12 6 100 Com. Bank of Aust. 0 19 .2 200 Goldsbrough, Mort (cum div.) 1 12 1 300 N.Z. Refrig. (10$ pd.) (2) 0 9 8 100 Kaiapoi Woollens (73 paid) 0 5 11 100 Christchurch Gas 1 12 9 200 N.Z. Breweries (ex div.) 2 13 2 (2) 2 13 1 2 13 0 50 Australian Glass (cum div.) 4 13 3 100 Au‘st. Iron and Steel (pref.) 1 5 6 100 Beath and Co. ..; 1 6 6 100 British Tobacco (cum div.) 2 1 0 350 Broken Hill Propty. ' (contr.) 2 8 9 2 8 8 ' 2 8 9 2 9 6 2 9 10 250 Broken Hill Propty. (5) 3 12 0 100 Dunlap Perdriau Rub— ber . 0 17 9 100 General Industries O 19 3 75 G. J. Coles 3 19 9 100 Hume Pipe (Aust) 1 0 3 100 Kauri Timber 2 3 6 500 King Solomon (2) O 2 0 500 Maori Gully 0 0 11% 300 Skippers 0 0 3} 650 Mount Morgan 0 15 3 0 15 4 . (2) 0 15 3 0 15 3% 0 15 4

300 Com. Bank of Aust. O 19 2 0 .19 3 5 Bank of New South Wales 32 5 0 300 N.Z. Refrig. (103 pd) (3) 0' 9 8 100 Aust. Glass (cum div., late sale Thurs.) 4 13 9 50 Broken Hill Propty. (contin) 2 9 O 300 General Industries (3) 0 19 3 100 General Motors—Hold— ens (preff) 1 3 6 200 Home Pipe (511st) 1 O 2 . 1 O 6 100 United Provisions (late sale Thurs.) 0 14 3 300 King Solomon O 2 O 1600 VVaimumu Sluicing ' (2) 0 0 6% 100 Mount Lyell (cum div. late sale Thurs.) 1 4 5 '100 Mount Lyell l 4 5 300 Mount Morgan (3) 0 15 3

5O \Voolworths (West Ausfi. ex rights) 5 5 O Saies Reported. 400 Selfridges (Australasia old) , (3) 1 5 3 75 WVoolworths (Sydney (2) 1 5 O 75 Woolworths, Sydney 0rd. ex rights, late . sale Thurs.) 5 10 0 5 10 6 50 \Voolworths (Sydney, ord., ex rights) 5 14 O