COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 275, 2 September 1936, Page 7

COMMERCIAL NEWS

TINWALD STOCK MARKET. THE CONCLUDING SALES. Concluding sales at the stock market at the Tinwald yards yesterday ■were: Store Sheep—On account of clients, 49 ewe hoggets at 32s 4d, 25 at 31s, 68 ewes at 20s, 38 at 265, 80 lialfbred ewes at 30s 2d, 64 three-quarterbred ewes at 30s. GRAIN AND PRODUCE. AUCKLAND. AUCKLAND, September 1. Local supplies of potatoes are fairly plentiful at the moment and the price of Whites has been dropped 5s a ton to £8 7s 6d. Dakotas are less plentiful and are quoted at a premium of 10s. The onion market is very quiet and local stocks of Californian and Japanese are still in the hands of merchants, and a further shipment of Californian is due to arrive next Monday. These have been sold “to arrive” at 17s a bag, which is above present through store price. Horse feed is selling steadily at late rates, B Garton oats at 4s 3d a bushel, and southern chaff at £8 17s 6d a. ton. The market for fowl wheat is very steady, with southern holders firm. There is a good demand in Auckland at about 6s 2d a bushel for graded lines. Maize is still very scarce and dear. The harvest, both in the Bay of Plenty and Gisborne districts, is obviously short, and holders are apparently under the impression that prices will goi still higher. However, the present rate, 6s 9d a bushel, through store, is out of proportion to other grains, and any increase would still further curtail consumption, especially as maize never sells so freely in warm weather. SYDNEY WOOL SALES. YORKSHIRE AND GERMANY BUYING. SYDNEY, September 1. At the Sydney wool sales to-day 8205 bales were offered and 6656 sold; also 2347 privately. The market was firm at the opening day’s levels for best descriptions, but average to inferior were irregular. Yorkshire and Germany were again the principal buyers, and there was good support from France. The Japanese did not operate.

FROZEN MEAT TRADE. Messrs J. T. Thomas and Co. have received' cable advice from their London agents, as under:—• New Zealand Lambs —Down, 2’s, 7£d to 7fd; secondary, 7£d to 2’s, 7d to 7&d; B’s, 6|d; 4’s, 6fd to 6£d; secondary, 6|d to 7d. New Zealand Mutton —Small, 4£d to 5Jd; large, 3|d to 4|d. Ewes: Small, 3Jd to 4|d; large, 3fd to 3|d. New Zealand Frozen Beef-Ox hinds, 3id to 31d ; ox fores, 2|d to 2^d. Dominion Chilled—Hinds, 5d to fores, 2£d to 3d.. South American Chilled—Hinds, 5Jd to 6£d; fores, 2|d to 3^d. New Zealand Pork —6d to 6£d. Australian Lambs—sd to 7d. Argentine Lambs (new season’s) —6Jd to 7£d. . , Lambs—The market is firm, and moderate business has been done. Wethers —The market is steady. Ewes—Smaller supplies have caused prices to harden. Chilled Beef—Both demand and prices are steady. Pork—The market is steady. ' Trade generally is fair. CLYDESDALES ARRIVE. VALUABLE IMPORTATION. AUCKLAND, Sept. 1. The most valuable consignment of Clydesdale horses that has yet come to New Zealand arrived by the Port Hobart this morning from Scotland. There are nine stallions and colts, and seven mares, the last-mentioned including the three-year-old Dees Rosetta, winner of the Cawdor Cup, the president’s medal, and the female championship of Scotland. The consignment was brought by Mr David Adams, Auchencraig, Dumbarton, one of the biggest breeders of Clydesdales in Scotland. Interviewed, Mr Adams said that he sent the first shipment of Clydesdales to Australia 10 years ago. The present shipment contained the very best blood. The horses will be sent to Wellington and sold by auction by Wright, Stephenson, agents for the shipment, at Trentham. DOMINION PRODUCE. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated August 29, from the High Commissioner Tor New Zealand, London: — Tallow—Market continues quiet; values nominally unchanged. Hemp —Manila: Market firm. i K grade for September-October shipment sold at £24 ss. Sisal—Market quiet liu steady. Sep-tember-November shipment sold £26 12s 6d. November-J’anuary and De-cember-February shipment quoted £26 15s. January-March shipment £27.^ New Zealand—Market quiet. Fair sold £lB 10(3 to £lB 15s. Apples—Market slow. Current prices are: Sturmer, 5s to 7s; Granny Smith 9s to 12s; Dougherty, 8s to 12s 6d. _ Peas—Maples: Market steady. Prices have slightly advanced for “A” grade Tasmania. September-October shipment sold 58s. No. 1 New Zealand for

August-October shipment sold 54s to 54s 6d. Blues: “A” grade Tasmania for September-October shipment sold £ll 15s. Large business has been done in Japanese and Dutch. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday:— LISTED STOCKS.

Sales, on ’Change- £ s. d. 800 Big River 0 1 Ill 1000 Maerewlienua 0 0 21 400 Maori Gully 0 0 7 200 Nemona 0 1 10 100 Mount Lyell 1 9 1 100 Mount Morgan 0 13 3 10O Goldsbrough Mort ... 1 12 100 N.Z. Breweries 2 13 0 100 Anthony Hordern ... 0 18 8 200 Broken Hill Pty. (15s paid) 2 14 0 2 13 11 400 Dunlop Rubber (cum div.) 0 18 6 (2) 0 18 8 0 18 9 250 Electro. Zinc (pref., cum div) (4) 2 3 0 100 G. J. Coles (cum rights) 4 0 0 3 19 7 Sales Reported. 200 N.Z. Newspapers ... 1 17 6 200 Gillespie’s Beach (cum div.) (last sale Mon.) 0 1 0 200 Okarito Gate sale Monday) 0 3 G 50 Waihi Investments (late sale Monday) 0 10 9 250 Mount Morgan 0 13 0 100 Rawang Tin 0 9 1 100 Southland Frozen Meat 3 14 0 150 Kaiapoi Woollens (7s paid) 0 6 4 150 Dominion Brewery (lights) ..... ... 0 6 1 200 Hume Pipe (Aust.) (cum div.) 0 19 9 0 19 10 UNLISTED STOCK. Sale on ’Change. 26 Woolworths (Sydney), ord. 5 6 8