COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 245, 29 July 1936, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE.

CHRISTCHURCH MARKETS. CHRISTCHURCH, July 28. The Wheat Committee has made a special issue of warrants to millers amounting to a 5 per cent increase in their allocations. These will be available to all millers. The samples of wheat under these warrants have to be submitted to the Wheat Committee before selling to millers. This decision has been made as the committee is anxious to ensure that wheat at points suitable for mills which are short of their requirements may be offered first to those mills. Rain during the past week, has interrupted sowing. Farmers who had paddocks ready for Hunters wheat and who were prepared to take the risk of the late sowing of this variety have been prevented from doing so. The. shortest day it looked upon as the very latest date for sowing Hunters, hut the very mild winter has encouraged some farmers to risk this variety a little later than normally.' Very little milling wheat is being offered. There is a little more inquiry for fowl wheat. Good, whole fowl wheat is in short supply and prices are firmer; but the main business is being done in under-grade. It is likely that there will not be so much offering now until about the end of August, when the weather will probably improve and farmers will commence threshing. G.W.F. quotations have risen Id to 4s, and undergrade is now quoted at 3s 3d to 3s lOd. No inquiries have been received from overseas for partridge peas. Small seeds are now attracting more attention. The usual seasonal demand is operating, but it is thought that this will not be heavy, and it is likely that there will be a carry-over to next year. Potatoes have appreciated several shillings. Whites are quoted at £3 to £3 5s and Dakotas and Sutton’s at £3 10s to £3 15s. A merchant said this morning that the rise could be traced to the shipment from Timaru ta South America, but it was questionable whether farmers should attach too much importance to that, for there were 8000 to 10,000 sacks in store m Dunedin, and the Southland surplus was estimated at 3000 to 4000 'tons. Business in local onions is unchanged and there are no alterations in quotations. t The following are prices to be paid to growers, free of commission, on trucks, at country stations, sacks extra:— Potatoes —Whites, £3 to £3 5s ; Dakotas and Sutton’s £3 10s to £3 15s on trucks. Whites, £4 5s to £4 10s; Dakotas and Sutton’s £4 15s to £5, f.o.b.s.i. , „ _ Onions —£4 15s f.0.b., £3 os to farmers. , _ Wheat—Milling Tuscan 4s 9d, Hunters 4s lid, Pearl 5s Id. All quotations f.o.b. Fowl Wheat—G.W.F. 4s (on trucks), under-grade, 3s 3d to 3s lOd (according to quality. Oats—Gartons 2s 2d to 2s 6d, Algerian Is 9d to 2s, Duns 2s 3d to 2s 6d (according to quality). Cocksfoot—Bd to 9d (according to quality). Ryegrass—2s to 2s 3d, according to quality; Italian ryegrass, Is 9d to 2s 3d. Partridge Peas—Undergrade 3s to 3s 6d; good quality 4s to 4s 6d, according to quality. Feed Barley—2s to 2s 4d, according to quality. Cowgrass —4d to sd. White Clover—7d to lOd. Pollard—Large £5 15s, small £6 ss. Bran—Large £4 15s, small £5 ss. AUCKLAND MARKET. AUCKLAND, July 28. Following upon the report that 1000 tons of potatoes are to be shipped to South America, the southern market advanced 12s 6d a ton overnight. Auckland spot stocks are bare, due to the late arrival of the Wingatui with, this week’s supplies, which are not expected till Friday or Saturday. As a consequence, prices have advanced, and the latest quotations for white tables are £7 a ton through store and £7 12s 6d for Dakotas. The onion market is now chiefly dependent upon importations from California and Japan. Some supplies still come from Pukekohe, but it is hard to obtain good samples, and most lines require picking over, with consequent increase in price. Quotations are: Pukekohe 8s 6d per cwt, Californian 77s per lOOlb, Japanese 78s 6d per cwt. There has been a further easing in the price of pollard in Australia, and the local rate has come down another 5s a ton to £8 7s Gd. There has 'been a steady demand for horse feed, with no change in prices. Maize quotations are: African, whole 6s Gd a bushel, crushed 6s 9d, local Gs 3d. TINWALD STOCK MARKET. THE CONCLUDING SALES. Concluding sales at the Tinwald stock market yesterday were:— Fat Ewes—On account of 11. H. Donaldson (Hinds), 48 at 15s lOd to 23s Id; G. Giles (Wakanui), 9 at 16s 7d to 19s 7d; H. I. McConnell (Hinds), 49 at 19s Id to 27s 3d; Parish and Davis (Lismore), 36 at 21s 4d to 25s 7d. Fat Wethers —On account of P. G. Rickard (Riverside), 5 at 26s 10d. Store Sheep—On account of clients, 77 ewes at 22s lOd, 45 at 17s, 93 at 25s 2d, 11 at 14s 9d, 49 ewe hoggets at 26s 3u. CITY OF SYDNEY LOAN. UNDER WRITING OF £2,000,000. (United Press Association—Copyright.) LONDON, July 27. Mr B. S. B. Stevens announces that the underwriting has been completed , of £2,000,000 of City of Sydney debentures at 4 per cent., with a cur- . rency of 20 years, which is being issued at 99 on July 30 The loan includes the conversion of £276,200 of City of Sydney 6) per cent, debentures due for redemption

on August 1, besides £1,725,800 in repayment of other existing liabilities of the Sydney County Council. The new debentures are for the Sydney County Council, not the City of Sydney. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday:— LISTED STOCK. Sales on ’Change.

Sales Reported.

UNLISTED STOCKS. Sales on ’Change.

Sale Reported. 65 Woolworths (Sydney) 1 (ord.) ... (2) 514 0

£ s. d. 250 Bank of New Zealand 2 0 8 (2) 2 1 0 2 1 1 30 Aust. Glass 4 11 0 100 Aust. Iron and. (Steel 50 Electro. Zinc (ord. 1 6 3 cum div.) 250 G. J. Coles (ex div.) 2 1 0 (3) 3 17 0 200 Kauri Timber (2) 100 Procera Bread (ven1 4 1 dor shares) 1 9 9 1000 Brian Boru (2) 0 0 32 300 Mount Lyell 1 0 11 (3) 1 7 1 100 Mount Morgan 0 14 7 1000 Goldsbrough, Mort. . 1 11 4

250 Bank of N.Z. ... 2 0 8 2 1 0 2 1 1 200 N.Z. Breweries (2) 2 13 2 100 N.Z. Farmers’ Co-op. * 0 (1st pref.) ... ... 3 15 440 G. J. Coles (2) 3 17 3 3 17 6 (3) 3 17 3 50 N.Z. Newspapers ' ... 2 0 9 200 Procera Bread (vendor shares) 1 9 9 1000 Nemona ... (2) 0 1 10 2500 Mount Morgan (3) 0 14 8 (2) 0 14 7 0 14 6J 100 United Pictures 1 1 0

500 Macetown ... ••• 0 0 3 30 Woolworths (Sydney) (ord.) ... ••• 5 14 0