COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 210, 18 June 1936, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Ashburton grain, seed and produce merchants report another quiet week on the local market. The announcement, of the possibility of the export of potatoes to South America has resulted in a firmer tone to the potato market. No exporb business has been finalised, but merchants are hopeful of making successful negotiations, Supplies of potatoes held in the North Island are on the light side, and further coastal orders are anticipated in the near, future. The market for all lines of fowl wheat is quiet. Heavy Clarton and Dun oats are in demand, but few good samples are available. There is a better inquiry for good bright oatsheaf chaff. The market for all other lines of grain and seeds is not altered. The following are prices to be paid to growers, free of" commission, on trucks, at country stations, sacks extra:—■ Wheat Milling Tuscan 4s Bd, Hunters 4s lOd, Pearl and Velvet 5s (all f.0.b.); good whole fowl wheat 3s 9d to 3s lOd, under-grade 3s 6d. Oats—A grade Gartons 2s 4d, 13 grade 2s Id, Algerians Is 9d to 2s, Duns 2s to 2s 6d, according to quality. Grass Seeds—Perennial, Italian and Western Worths Is 9d to 2s a bushel, cocksfoot 7d to 8d a lb, red clover dd to 7d a lb. Oatsheaf Chaff Good, bright oatsheaf £2 15s a ton. Partridge Peas—No. 1 grade ss, f.a.q. 4s 6d a bushel. Potatoes—Whites and Dakotas £4 10s a ton, June delivery.

SOUTH CANTERBURY. TIMARU, This Day. Business in the South Canterbury gram, seed and produce markets this week has been much the same as last, chief interest being in potatoes and chalf. Milling wheat—There have still been shipments of milling whea,t to the north Island, and these are cleaning up late threshing. A fair amount ol wiieat is also bejng taken ex store. Prices are: Tuscan 4s bd a bushel, i.0.b., Hunters 4s lOd and Velvet ss. Fowl Wheat—Undergrade wheat is still having its effect on the fowl wheat market, and there is little, if any inquiry, as apparently the demand is Deing well supplies with consignments, and Australian barley, which is still coming into the North Island. Nominal quotations are 3s to 3s 6dl a bushel on trucks for undergrade, and 3s lid for g.w f.w. Oals— A and li Cartons are being inquired for and arc meeting a fairly good market. Nominal quotations are 2s 3d a bushel on trucks for B's and 2s 6d for A's. Extra good dark Duns are meeting with a ready sale at 3s 2d while Algerians are practically neglected, the nominal quotation being 2s. Chaff—During the week there has been a good demand from both Islands for chaff at £3 5s a ton on trucks. Partridge Peas—These are not inquired for. The nominal value is ss" 'a bushel on trucks for No. l's. Potatoes—There was a "flutter" in potatoes for two or three days, but supplies were sufficient to meet- the demand, and prices are now back to £4 15s a ton on trucks for whites, £5 5s for Dakotas, and £5 7s 6d for Sutton's Supreme. Seeds—The seeds market is quiet, there being an absence of inquiry for all lines. Prices remain the same as last week.

STOCK MARKETS. ALDINGTON. CHRIST/CHURCH, June 17. Smaller entries at to-day's Aldington market resulted in a firm sale for all classes of stock. Store Sheer)—Only 1700 were penned, about half being ewes. Six and eight-tooths sold to 265, sound-mouthed to 22s 3d, and f.m. to 19s 3d. A pen of ewe lambs made 25s 6d and forward wethers 23s 3d. Fat Lambs—There was a. very keen sale with a slight appreciation on the export schedule, the freezing trade buying freely. Fat Sheep—The entry of 4250 was in very keen demand, light ewes being up by Is a head, and other sorts firm at late rates. Best wethers made 28s to 345, average 24s to 275, best ewes 23s to 28s, average 18s to 21s. Fat Cattle —There was a very small yarding of 320 head and an advance of 20s a head in values. Primest steers made £lO 10s to £l3 17s 6d, good medium weights £8 10s to £lO, best cows £8 to £lO, average £6 to £7 ; hest heifers to £lO 10s, and average £5 10s to £7 10s. Best beef made from 27s to 30s, good 25s to 26s 6d, and medium 22s to, 24s per 10001 b. Fat Pigs—There was a small entry of both porkers and baconers and a slight advance in values. Choppers made 25s to £4 Is, baconers 52s 6d to £4 (average price per lb, s&d to sid,)> and porkers 26s 6d to 42s 6d (average per H>j sid to 52d). BIJPNSIiDE. DUNEDIN, June 17. For the double market at Burnsido, held to-day because of show week, there were large entries in the sheep and lamb section, but cattle were in smaller supply, a total of 316 being submitted. The quality of the cattle yarded was disappointing, and the number of prime heavy bullocks offered showed a decrease on the figures for previous years. The top price for the sale was £lB 2s 6d. On account of the insuffi-

cient supply, all classes of beef sold fairly well, the values obtained showing an appreciation of fully 30s a head on previous markets. Extra prime show bullocks made up to £lB 2s 6d, prime heavy realised from £l2 to £l4 12s 6d, medium from £9 10s to £ll 2s 6d, and lighter and unfinished sorts down to £B. An entry of 1840 lambs was forward, included in which were a few consignments of outstanding quality. The yarding generally was composed ol medium quality, lambs and several pens of lighter and unfinished sorts. Extra prime heavy show lambs brought up to 335, prime heavy from 24s to 28s, medium from 22s to 23s 9d, and lighter and unfinished sorts down to 19s. The entry of fat sheep totalled 2469, and included for the most part ewes, several consignments of which were of exceptionally good quality. A few consignments of very choice wethers were also forward. The market opened brightly, all grades showing an appreciation of 2s a head. Top price obtained was for an especially good pen of show wethers which brought 425. _ Export operators were present for suitable ewes, and this class sold at greatly improved rates and continued firm until the conclusion of the sale. Heavy grades in both ewes and wethers met with an improvement at the outset of 2s a head, but the rise was not maintained, and vendors in the final races were unfavourably placed. The medium yarding of store cattle, including odd pens of steers, attracted keen competition. Vealers were in short supply, but the quality was excellent, with the result that competition was very brisk. Values were higher. A line of black polled steers sold up to £6 lis. The yarding of 210 fat pigs was disposed of at satisfactory prices, up to £4 16s being obtained for heavy baconers. Porkers sold from £2 5s .to £2 15s, according to size and quality. The entry of 87 store pigs was quoted at late rates. There was a medium entry of 26 dairy cows, which did not make an attractive display, and only good young cows close ,-to profit were in demand.

GERALDINE. The stock sales of late have been consistently good, the one held yesterday at the Geraldine saleyards being no exception. Entries were small and the quality was in keeping with the end of the fattening season. Sales were :—- Cattle—Yearling m.s. cattle 255, 18months heifer £2. Pjg S _Weaners 7s 6d to lis, forward stores to 26s 6d, slips to 17s. Fat sheep—Fat ewes 13s 7d to 18s lambs 19s Id to 24s 7d. Store sheep—Ewe lambs, medium, 18s Id to 22s lOd, 2-tooth wethers, 4d, fat wethers 22s 7d to 25s 7d, fat medium 19s 6d, wether lambs 14s 3d to 14s lOd, aged ewes 8s 9d, m.s. lambs 13s 8d to 15s 3d.

SYDNEY WOOL SALES'. MARKET SLIGHTLY WEAKER. SYDNEY, June 17. At the wool sales, 6847 bales were offered, 4189 were sold at auction and 2423 privately. The market was slightly weaker, and competition was irregular. All wellgrown wools were taken by the 'Continent and Yorkshire. THE SHARE MARKET. The following sales were made on the Christchm-ch Stock Exchange yesterday:— LISTED STOCKS.

Sales on 'Change. £ s. d. 1150 Com. Bank of Aust. (7) 0 19 3 100 Natl. Bank of A/asia (£5 paid) (4) 7 4 6 50 Bank of New Zealand 2 3 3 100 Goldsbrough, Mort (cum div.) 1 11 9 200 N.Z. Breweries (2) 2 11 9 100 Anthony Hordern ... 0 18 6 100 Broken Hill Propty. (contr.) (2) 2 9 0 100 Consolidated Brick ... 0 9 4 300 Dunlop Rubber (3) 0 17 5 200 Humo Pipe (Aust.) (2) 1 0 5 300 Big River 0 2 1 600 Skippers 0 0 31 500 Waimumu Sluicing ... 0 0 7i 100 Mount Lyell (cum divi 1 4 4 100 Mount Morgan 0 15 3 Sales Reported. 100 Com. Bank of Aust. 0 19 3 25 Com. Bank of Aust. (pref.) 9 3 6 100 Anthony Hordern ... 0 18 6 100 Broken Hill Propty. 3 11 0 100 Hume Pipe (Aust.)... ]. 0 5 100 Peters Ice (N.Z., ord., cum div.) 9 9 0 300 Gillespies Beach 0 1 2 000 King Solomon 0 1 10 0 1 10| 200 Mount Lyell (cum div., lato sale Tuesday) ... 1 4 6 300 Mount Morgan (2) 0 15 8 UNLISTED STOCKS. Sales on 'Change. 300 Shillings, Ltd. (7s 6d paid) ... (2) 0 11 9 Sale Reported. 100 Shillings, Ltd. (7s Od paid) 0 11 9