COMMERCIAL NEWS

Ashburton Guardian, Volume 57, Issue 26, 10 November 1936, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. CHRISTCHURCH MARKETS. CHRISTCHURCH, November 9. The demand for fowl wheat and oats is sustained, with both lines in fairly short supply. The present ram will have the effect of easing up the market. In the main, the market is quiet and is normal for the time of the year. The following are prices to be paid to growers, free of commission, on trucks, at country stations, sacks extra:— Potatoes —Whites, £4 103 to £4 15s; Dakotas, £6 to £6 ss; Sutton s, £6. Wheat Milling: Tuscan 4s lOd Hunters ss, Pearl 5s 2d. All quotations f.o.b. ~ . Fowl Wheat—G.w.f. 4s 4d, undergrade 3s 6d to 4s 2d (according to quality). Oats—Cartons 2s 9di to 3s 2d, Algerians 2s 3d to 2s 6d, Duns 2s 9d to 3s 3d (according to quality). Cocksfoot—6d to 9d (according to quality). Ryegrass—2s to 2s 3d, according to quality; Italian ryegrass, Is 9d to 2s 3d. Partridge Peas —Under-grade 3s to 4s, good quality 4s 6d. Feed Barley—2s 3d to 2s 6d, according to quality. . Cowgrass-—4d to sd. White Clover—7d to lOd. Flour—£l3 15s 6d, in 2001 b sacks. Bran—£4 15s to £5 5s (local price). Pollard—£s 15s to £6 5s (local price). THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday:— LISTED STOCKS. Sales on Change.

WOOL IN SOUTH AMERICA. HIGH PRICES AT AUCTIONS. NEW YORK, November 8. Buenos Aires wool prices reached new high levels last week uuler a heavy demand, absorbing large consignments of both coarse and fine crossbreds as fast as they appeared on the market. The year’s record was established for a. lot of 1231 b of clean, high quality merino of the Australian type, which sold at 34 cents. A larger consignment of coarse crossbreds brought the record price of 20} cents. A lot of 125,0001 b of fine crossbred from the Ohubut territory, in Patagonia, set a record for this type at 32} cents. SYDNEY WOOL SALES. KEEN DEMAND MAINTAINED. SYDNEY, November 9. At the wool sales 12,617 bales were offered, 12,220 were sold at auction, and 2075 privately. In a keen market prices for good to average sorts advanced 5 per cent, on closing rates of last week. Values for the very best were firm at Thursday’s rates. Comebacks and crossbreds shared in the improvement. Chief support

came from Yorkshire, France, and the United States. Greasy merino made to 28Jd. The following table gives the Commonwealth average prices for complete years, and the Sydney averages at different times this season:—

NEW FERTILISER COMPANY. ■P R OPOSED AT WHANG ARE I. (Per Press Association.} WHANGAREI, November 9. At a meeting attended by representatives of 70 dairy companies today it was resolved to recommend the directorates of dairy companies in the north, to take part in the formation of a Northland Co-operative Fertiliser Cbmpany, with works at Kaoreroa, the deep-water port of Whangarei. The capital of the company is to be £225,000, of which £105,000 is to be subscribed by dairy companies over a period of five years. The various directorates were urged to take steps at the earliest moment, to obtain power for their companies to take shares in the proposed company if they did not now possess that power. DOMINION PRODUCE. piGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated November 7, from the High ■Commissioner for New Zealand, London:— . . .... Tallow.— Market quiet;.prices slightly easier owing to limited supplies. Hemp.—Manila: Market firm; shippers’ prices out of range. NovemberJanuary shipments £27 1.7 s 6d to £2B. Sisal: Market firm; easier at the close. Sellers’ quote for November-January shipments £26 10s; March-May shipments sold at £26 15s. New Zealand: Nothing to report; low grades offered at prices above buyers’ ideas. Eggs.—Market steady; liberal supplies stop high prices. English consumption advances; prices lower. English, national pack, 18s 6d to 22s 6d; English, ordinary pack, 20s to 21s; Danish, 141 b. per long 100, 12s 9d to 17s; Australian, 13s to 15s.

£ 8. d. £200 N.Z. Govt. 4 p.c. Bonds, 1949 103 5 0 200 Com. Bank of Aust. 0 19 0 0 18 11 86 Natl. Bank of N.Z. 3 2 0 3 2 9 200 Bank of N‘.Z. (cum div.) ... (3) 2 1 6 100 N.Z. Guar. Corpn. .. 200 N.Z. Refrig. (£1 0 5 5 paid) 0 19 4 0 19 2 200 N.Z. Breweries (3) 2 13 3 200 Broken Hill Propty. (cum div.) (3) 4 5 4 50 Electro. Zinc (pref.) 2 10 3 100 General Industries . 0 18 10 100 G. J. Coles (2) 3 19 0 100 Howard Smith 1 1 3 100 Morts Dock 0 13 8 100 Wilcox Mofflin 0 11 5 35 Woohvorths (N.Z., ord.) 6 4 3 200 Shillings, Ltd. (2) 700 Gillespie’s Beach 0 19 0 6 (cum div.) (2) 0 1 0 1 6* 850 Mount Lyell (2) 1 16 5 (3) 1 16 6 1 16 3 1 16 4 1 16 3 1 16 4 (2) 1 16 3 100 Rawang Tin 0 10 7 Sales Reported. £200 N.Z. Govt. 4 p.c. Ins., 1937 100 10 0 £1250 N.Z. Govt. 4 p.c. Ins., 1943-46 103 5 0 36 Natl. Bank of N.Z. 3 1 9 300 Bank of N.Z. (3) 400 N.Z. Refrig. (10s pd.) 2 1 6 (2) 0 9 2 0 9 3 200 N.Z. Breweries (2) 2 13 3 100 Hume Pipo (Aust.) 200 N.Z. Farmers’ Fer1 2 1 tiliser 1 0 9 100 Wilcox Mofflin 175 Woohvorths (N.Z., 0 11 5 ord.) (late sale Friday) ... (2) 6 3 0 400 Mount Lyell (4) 1 16 6 UNLISTED STOCK. Sales on ’Change. 500 New River 0 0 n 50 Woohvorths (Sydney, ord.) 6 3 6 Sale Reported. 75 Woohvorths (Syd0 ney, ord.) 6 4 6 5 0

Per bale. Per lb. Season. £ ,s. d. d. 1931-32 . 10 18 11 8.6 1932-33 . 11 9 6 8.96 1933-34 . 20 4 11 16.2 1934-35 . 12 13 6 10.01 193617 12 3 14.25 End of Sept, . . 16 9 11 12.6 End of Oct. .. . 18' 13 0 14.5 Nov. 7 . 20 10 0 15.8