COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 264, 20 August 1936, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Ashburton grain, seed and produce merchants report a fairly quiet period on the local market. Very few lines of wheat are offering, which are suitable for milling purposes. The market for fowl wheat is firm and several sales have been reported. Both A and B grade Garton oats are in demand and supplies are not coming forward freely. Oatsheaf chaff is not receiving a great de'al of attention. Good lines of perennial ryegrass are (inquired for and there has been a good trade in certified line's.

The announcement of a further shipment of potatoes to South America should keep the market steady. Heavy shipments continue to go forward to the Auckland market and values are unaltered. There has been good retail business in seed wheat. Grass and clover seeds should now be in demand for spring sowing. The following are prices to be paid to growers, free of commission, on trucks, at country stations, sacks extra:—

Wheat—Milling Tuscan 4s 9id, Hunters 4s Pearl and Velvet 5s l£d( all f.0.b.); good whole fowl wheat 3s 8d to 3s 9d, under-grade 3s 3d to 3s 6d.

Oats—A grade Gartons, 2s Bd, B grade 2s 4d, Algerians 2s 9d to 2s; Duns 2s 3d to 2s 9d, according to quality. Grass Seeds—Perennial, Italian and Western Wolths Is 9d to 2s a bushel, cocksfoot 7d to 8d a lb. red clover 6d to 7d a lb-

Oatsheaf Chaff Good, bright oatsheaf £3 a ton.

Partridge Peas—No. 1 grade ss, f.a.q. 4s 6d a bushel. Potatoes —Whites £3 17s 6d, Dakotas £4, prompt delivery.

SOUTH CANTERBURY. TIMARU, This Day. There is a bette'r tone in all lines in the South Canterbury grain, seed and produce markets this week, following a quiet period during the Grand National festivities.

Milling Whefat— Odd lines of milling wheat are coming on to the market, but millers at present seem to be amply supplied and are buying only first quality. Fowl Wheat —The majority of cheap fowl wheat which was offering earlier in the season seems to have been disposed of. Owing to the better prospect for wheat generally, there has been a steady rise during the last fortnight. Good whole fowl wheat is worth 4s 2d a bushel on trucks, handy stations, with under-grade at 3s lOd, according to quality. Oats—A and B Gartons are in short supply, and there is a good demand. Nominal quotations are: A’s 2s lOd a bushel on trucks, B’s 2s Bd, and Algerians 2s 2d. Very few lines of Duns are offering, the nominal quotation being 3s 3d a bushel on trucks for dark, heavy lines. Partridge Peas—No. 1 partridge peas are' worth 4s lOd a bushel on trucks.

Chaff—Good bright oaten sheap chaff is quoted at £3 5s to £3 7s 6d a ton on trucks, sacks extra. Potatoes —After the last export the potato market quietened down, and as there are still quantitie's to offer, prices will tend to ease unless there are further shipments. It is understood, however, that another shipment has been arranged and that this is tiding to keep the market at its present level. Dakotas and Suttons are worth £4 15s a ton on trucks, with whites at £4 ss. Potatoes are offering from Bluff and Dunedin at £5 ss, f.0.b.5.i., which is considerably below the Canterbury quotation. Seeds—All lines of seeds are inquired for. There has been some e'xport to Australia, and inquiries have been received from England. Buyers are now asking higher prices and consequently there is no further business at present. Quotations are: Canterbury ryegrass (ordinary) 2s 2d a bushel on trucks; Italian (no inquiry), 2s; cocksfoot (Plains) 7d per lb, cowgrass 6d, white clover 7d. Subterranean clover is apparently showing good results, as there are a good many inquiries coming to hand for this seed. It has been found very suitable on some of the lighteV land.

THE STOCK MARKETS. ADDINGTON. (Per Press Association.) CHRISTCHURCH, August 19. At the Addington market to-day there were heavy entries in the major fat stock sections, and values showed a decline. Store Sheep—Good ewes maintained recent rates, but older sorts and ewe hoggets were a shade easie'r. The best price for the latter was 31s Id, and for sound and f.m. ewes 29s 6d. Ewes and lambs sold at 13s 7d, all counted. Fat Sheep—soo were penned. Heavy ewes and wethers were easier, while light ewes maintained the high rates of the National market. Extra prime wethers made to 40s Id, good prime 31s 6d to 35s 6d, prime medium weight 28s 6d to 31s, and ordinary down to 255. Best ewes sold at 27s to 375, prime medium weight 24s to 26s 6d, and others down to 18s. Fat Cattle—The entry of 475 head was mostly poor quality. The market was easier by 15s a head. Be’st beef made from 31s to 35s per 1001 b, and good 28s to 30s. Prime heavy steers sold from £l4 to £l7 7s 6d, good £l2 to £l3 15s, medium weights down to £lO, and others down to £B. Best heifers made £9 10s to £l4, good £7 to £8 10s, and others down to £5 10s. Good cows sold to £l2, medium to good £6 10s to £9, others down to £5.

Fat Pigs—There was a good sale of

both porkers and baconers. Porkers made 38s 6d to 47s 6d, average lb; and baconers 50s 6d to £5 ss, average s£d to 6d.

Store Cattle —There was a scarcity of straight coloured young cattle in the store pens. Practically all forward were cows, and these! sold remarkably well, considering their class. Fresh young cows made up to £5 ss. Store Pigs—The entry was a fairly large one and the sale was a good one all round. Weaners made 14s to 16s, e'xtra good 17s to 18s; slips 17s 6d to 21s, small stores 21s to 225, large 23s to 25d, extra large 26s to 30s.

BURNSIDE. (Per Press Association.) DUNEDIN, August 19. The entry of 250 fat cattle at the Burnside stock sale to-day was made up principally of medium quality bullocks with a large percentage of cows and heifers and only a few consignments 'of prime heavy bullocks. The feature of the offering was a truck of prime heavy bullocks from Southland, which attracted a great deal of attention and topped the market at £l9 17s 6d. The sale opened easier than last week, all classes barely maintaining late rates and selling at par to 10s easier throughout. There was an entry of 120 in the store cattle pens which were poorly supported. Tire offering included only a few' steers and consisted largely of cull cows with a small percentage of vealers. Well-bred three to four-year steers met with a good demand and realised to £8 15s. The balance of the offering was quitted at satisfactory rates. A large entry of dairy cows came forward, the bulk of wdiich constituted a nondescript assortment, including backward sorts and late calvers. Buyers sought good young, close to profit cows, the remainder of the yarding failing to meet the same demand.

There was a yarding of approximately 1500 fat sheep, including a, larger percentage of wethers than is usually the case. The ewes forward comprised mostly medium quality descriptions with a few consignments of heavier grades. From the outset the market had an easier tone and wethers were down from Is to Is 6d a head, while ewes suffered a similar decline. The sale continued on this basis till the final race, when there was a distinct improvement, the earlier drop being fully recovered. Very fe\y hoggets were forward, and this class met v r ith a keen demand and improved values ruled. Porkers predominated in the large yarding of 180 fat pigs. The sale opened with values in favour of purchasers, and there was no recovery. Values depreciated by 5s to 7s a head for both porkers and baconers. Values for store pigs, of which there were 110 forward, were firm at late rates, the best stores realising to : £1 4s.

THE SHARE MARKET.

The following sales were made on the Christchurch Stock Exchange yesterday:— LISTED STOCKS. Sales on ’Change.

Sales Reported.

UNLISTED STOCK

Sales on 'Change.

Sales Reported. 500 Maeetown 0 0

ONIONS TOR. AUSTRALIA.

AUCKLAND, August 19,

The export of about 100 tons of Puke,kohe onions to Australia has boe'n followed by a further inquiry, and at least another 50 tons will be shipped to the Commonwealth on Monday. Prices in Melbourne recently reached a re'cord high level of £24 a ton, and merchants turned to New Zealand. It was estimated last month that there were about 500 tons of onions at Pukekohe, but it is thought that only about half that amount now remains. WOOL SALE AT WANGANUI. KEEN COMPETITION RULES. (Per Press Association.) WANGANUI, August 19There was an offering of 1700 bales, mostly crutchings, at the mid-winter wool sale held at Wanganui this afternoon. The market was in keeping with that in other selling centres recently, and all lines were keenly sought after by a full representation of buyers. There was not a sufficient quantity of

fleece wool to tost the market, but crutchings were fully lgd up on prices ruling at Wanganui last April. Be'st lines of crutchings realised up to good B|d to 9{-d, average 7fd to B£d, inferior gad seedy 6d to 7-|d. The United Kingdom, Japan, America and the Continent secured the bulk of the crutchings, and local scourers also w r e'i'e in the market for lots that suited their requirements. Passings were negligible. POTATOES FOR AUSTRALIA. TIMARU, August 19. The shipments of potatoes from Timaru, which were recently dispatched to South America, are to he followed this week by a shipment of about 500 tons to be sent by the Port Darwin, which is due here on Friday.

£ s. n. 200 Com. Bank of Aust. (2) 0 is 4 100 Goldsbrough, Mort.... 1 11 0 150 Amalgamated Wireless (contr.) 2 0 0 10 9 250 Broken Hill Propty. 3 14 3 14. C2) 3 14 10 3 14 G 50 Broken Hill Propty. _ _ „ (15s paid) 2 io u 50 Electro. Zinc (preh, _ „ „ cum div.) 2 3 / 100 Kauri Timber 1 4 3 100 Wilcox Moftlin __ ... 0 12 6 100 Wool worths (N.Z"., pf.) 1 17 0 8 m 0 2000 Maori Gully f 3) 500 Mount Morgan (»' 0 0 0 13 0 9 300 Rawang Tin (.3)

100 Oaraaru Woollens ... 1 0 G 150 Broken ,Hdll Propty. . 3 14 3 14 7 8 3 14 10 100 Kauri Timber 1 4 6 6 50 N.Z. Newspapers ... 2 0 100 Quill, Morris (cum div.) 0 19 0 100 Mount Morgan 0 14 0 300 Rawang Tin (3) 0 9 1 200 Sulpliide sale Tuesday) 0 16 0

500 Macetown ... 0 0 3 500 New River ... 0 0 7