COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 263, 19 August 1936, Page 7

COMMERCIAL NEWS

TINWALD STOCK MARKET. THE CONCLUDING SALES. Concluding sales at the Tinwald stock market yesterday were:— Fat Ewes—On account of Black Bros. (Lagmhor), 23 at 23s Id to 24s Id; H. Lamb (Ashburton), 13 at 22s 4d to 29s Id; G. H. Lamb (Valetta), 12 at 22s 4d to 22s lOd; F. P. Cook son (Eiffelton), 4at 27s lOd to 30s lOd; M. Dalton (Hinds), 36 at 17s 2d to 20s lOd; G. Giles (Wakanui), 8 at 21s 7d to 23s 7d; V. C. Bennett (Hinds), 4 at 15s Id; Mrs C. Page (Seaview), 13 at 26s Id to 27s lOd. Fat Wethers—On account of P. G. Rickard (Riverside), 5 at 27s lOd; W. J. Clucas (Lismore), 5 at 28s Id; S. H. Lill (Maronan), 34 at 26s Id to 29s 7d; clients, 6 at 27s 7d, 8 at 26s lOd.

Store Sheep—On account of J. A. Patterson (Willowby), 62 ewes and 74 rams at 10s 7d.

WELLINGTON WOOL SALE.

GOOD PRICES FOR FLEECE. (Per Press Association.) WELLINGTON, August 18. Remarkably good prices were recorded at the winter sale of wool and crutchings held to-day by the Wellington Wool Brokers’ Association. The offering of approximately 3300 bales, comprising about 2450 bales of crutchings and 350 bales of fleece wool, was smaller than usual, and there was a very good clearance, the relatively few passings being mostly of fleece wools. Several brokers remarked that the prices made for crutchings were! the best for several years. Compared with those of the corresponding sale last year, the prices of crutchings showed an average advance of from 4d to 2d per lb. Many of the' fleece wools sold showed a substantial rise on the prices of April, the decline of to |d at that sale compared with March prices being more than recovered. There was a full betieh of buyers, and competition throughout the auction was spirited. Some good orders were filled for Japan, the United States and other overseas interests, while' local mills and scourers were strong buyers. * The top price was 10§d for two bales of super crutchings sold under the brand Eone. A number of lots made lOd to 10|d and the’re were numerous runs of 9£d to 9|d. . The official range of prices for crutchings is as follow: — d. d. Merino crutchings —to 6^ Halfbred crutchings to Crossbred crutchings: Super 9| to 10§ Medium to good 8 to 9^ Seedy and inferior 6 to 8 Crossbred pieces and bellies ... to 9 Locks and stained piece's ... 4 to 6^

GRAIN AND PRODUCE.

AUCKLAND MARKETS

AUCKLAND, August 18

The late arrival of the Wingatui, which was expected on Monday and will not arrive till Thursday, has brought about :i firming in the local potato market, and to-day’s wholesale quotations are 2s 6d a ton higher at £8 12s 6d through store. There is a better demand for seed potatoes.

Tiie onion market is quiet. Quotations have been lowered for Californian to 15s 6d per 1001 b, and for Japanese to 16s per cwt. The market for fowl wheat is ve'ry firm and local dealers have raised their prices Id a bushel to 6s 2d for grade lines. Undergrade is quoted at Id to 3d less. The maize market, instead of easing a 3 is usual at this time of year, has taken a sudden move upward, and the current quotation is 6s 4d a bushel. Feed barley is firmer, and the price has been raise'd to 4s 6d a bushel. Australian pollard is still coming over regularly, but the market across the Tasman has firmed up, and present buyers have to face a 2s 6d to 5s a ton rise. The oats market in the south is very firm, but there is no change' in the local market for horse feed. A good demand is reported at 4s 3d a bushel for B Gartons, and £8 12s 6d a ton for chaff. BRITISH WHEAT MARKETS. United Press Association—Copyright.) LONDON, August 17. Cargoes are fairly steady. Parcels arc quiet and mostly lower.. Futures are quoted:—London: August 34s Bsd per quarter, October 34s 7sd, November 31s 7sd. Liverpool: October 7s 44d per cental, December 7s 2sd, March 6s 11 Jd. CHICAGO WHEAT QUOTATIONS. NEW YORK, August 17. Chicago wheat quotations are: — September 113$ cents a bushel, December 112$, May 110$. BRADFORD TOPS MARKET. LONDON, August 17. The Bradford market is very firm at fully late rates. There is little new business, but topmakers are not pressing as they have already sold their output to the full limit of their raw material purchases. They now are

awaiting the opening of the Australian season. Yarns are firm. Quotations are:—7o’s, 34d; 64’s, 32|d; 60’s, 31id; 58’s, 25*d; 56’s, 20£d; 50’s, 16d ; 46’s, 14£d; 44’s, 13fd.

THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday:— LISTED STOCKS. Sales on ’Change* £ s. d.

Sales Reported.

UNLISTED STOCK.

Sates on 'Change. 3800 New River (5) 0 0 7 100 Shillings, Ltd. (12s 6d paid) ... ... 014 0 Sales Reported. 500 Maeetown ... ... 0 0 3£ 200 Shillings, Ltd. (12s 6d paid) ... (2) 014 1 50 Wool worths (Sydney), ord 6 15 0 50 Woolworths (W. Aust.) 5 17 3

£500 N.Z. Govt. 4 p.c. Ins., 1937-40 101 10 0 101 7 6 200 National Insurance, (2) 0 18 3 100 Goldsbrough, Mort ... 1 11 5 100 Aust. Iron and Steel (pref.) 1 5 3 100 British Tobacco (2) 2 0 11 50 Broken Hill Propty. (15s paid) 2 14 10 100 Electro. Zinc (pref., cum div.) 2 3 7 50 G. J. Coles 4 4 3 100 Wilson’s Cement 1 18 3 1000 Big River (2) 0 2 1 500 Brian Boru 0 0 31 300 Gillespie’s Beach (cum 1 div.) 0 1 4 300 Maori Gully 0 0 71 300 Mount Morgan (5) 0 13 11 50 Upper Watut 0 5 6

100 'Bank of N.Z. 1 19 0 200 National Insurance (2) 0 18 4 100 British Tobacco 2 0 11 100 Dunlop Rubber ' 0 18 0 350 Electro. Zinc (ord., cum div.) 2 1 9 100 Electro. Zinc (pref., cum div.) 2 3 10 50 G. J. Coles ... 4 4 6 500 Big River (late sale, Monday) 0 2 1 500 Big River 0 2 H 100 Ch.Ch. Gas (10s pd.j 0 14 9 100 Mount Lyell (late sale Monday) 1 9 7 300 Sulphide Corpn. 0 15 9