COMMERCIAL NEWS

Ashburton Guardian, Volume 57, Issue 109, 18 February 1937, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Apart from the delivery of milling wheat, there has been little activity reported by Ashburton grain, seed and produce merchants last week. Several of the lines coming forward ■ have contained excessive moisture, and millers are now becoming more particular about the quality they are accepting, as wheat containing qver 15 per cent, of moisture is unsafe foi storing. Growers and merchants are anxiously awaiting the fixation of fowl wheat prices. The offering of oats have been lighter during the week. There is a good inquiry for dark, heavy Gun oats. Odd inquiries for oatslieaf chaff have been received, but fow r sales an o i cported A few lines of cocksfoot changed hands during the week at recent quotations. The quantity of ryegrass offering is negligible. The following are prices to be paid to growers, free of commission, on trucks, at country stations, sacks extra:— Wheat— Good whole fowl wheat 4s 9d, under-grade 4s to 4s 3d. Oats—A Grade Gartons 3s, B grade 2s lOd, Algerians 2s 3d to 2s 6d ; Duns 2s 6d to 3s 3d, according to quality. Grass Seeds—Perennial, Italian and Western Wolths 2s to 2s 3d a bushel, cocksfoot 7d to 8d a lb, red clover 6d to 7d a lb. Oatsbeaf Chaff Good, bright oatshef £3 a ton. Partridge Peas—No. 1 grade ss, f.a.q. 4s 6d a bushel. THE STOCK SALES. ADDINGTON. (Per Press Association.) CHRISTCHURCH, February 17. Most sections were firm at Addington to-day. The store sheep entry was the largest this season, and numbered 16,000. The quality was mixed, but a fair proportion were good sheep. All good lines sold well up to late rates. Lambs were forward in about the same numbers as last week. There was a keen and firm demand for good lambs, hut others were Is to Is 6d lower. Two-tooth ewes made to 455. The fat lamb entry was 1600 head. The quality was 'better than last week and there was a very keen sale, with best lambs 6d to 9d dearer. Extra prime heavy made to 34s 7d, prime heavy 29s to 31s, prime medium-weight 26s 6d to 28s 6d, ordinary 24s 6d to 265, light to 255. Fat Slieep—The entry was the heaviest this season, but the quality wa§ mixed with a large proportion of secondary sorts. For the best there was a very free sale at fully last week’s rates, but the other types were if anything easier. Exporters operated steadily for suitable sorts. Extra prime heavy wethers made to 37s Id, prime heavy 28s 6d to 30s, prime mediumweight 26s to 28s, ordinary 23s to 25s 6d, light to 22s 6d; prime heavy ewes made 23s 9d to 255, prime mediumweight 21s to 23s 6d, ordinary 19s 6d to 20s 9d, and light to 19s. A small entry of fat cattle made values rise 20s to 25s all round in a keen market. Extra prime heavy steers sold to £ls 7s 6d, prime heavy £ll 15s to £l3 10s, prime medium-weight £lO 10s to £l2, ordinary £8 »to £lO, fight to £7 15s; extra prime heifers to £l2 2s 6d, prime £8 to £9 10s, medium £6 to £7 15s, light to £5 15s; extra prime cows to £ll 2s 6d, prime £6 5s to £B, ordinary £4 15s to £6, light to £4 10s. There was a medium entry of store cattle, which met with prices on a par with last week’s. Fresh cows made to £5 4s, medium to good from £4 to £4 10s, yearling heifers from £3 4s to £3 11s, and 18-month heifers to £4 12s. There was a medium entry in the pork section and prices showed a slight easing. Baconers were yarded in large numbers and, considering the entry the market was good. Choppers made 54s 6d to £4 8s 6d, porkers 31s 6d to 34s 6d, heavy 36s 6d to 46s 6d (average s£d to 63d lb); baconers 48s 6d to 56s 6d, medium 58s 6d to £3 5s 6d, heavy £3 9s 6d to £4 4s 6d (54 d to 6d per lb). There was a full entry in the store pig section, with prices at last week’s high level. Values were: Small weaners 14s to 16s 6d, good weaners 17s, to 21s, small stores 24s to 275, large stores 29s to 355. ' BURNSIDE. DUNEDIN, February 17. There was an increase in fat cattle values at the Burnside stock sale today, bullocks rising by about £1 and sows and heifers by approximately 10s. Over 260 head were forward. Extra prime heavy bullocks sold up to £ls 12s 6d ; prime, £l2 2s 6d to £l3 2s 6d ; medium, £9 17s 6cl to £lO 17s 6d ; light down to £7 7s 6d. Extra prime cows and lieifers realised, £8 17s 6d ; prime £5 2s 6d to £6 17s 6d ; light, down to £4 2s 6d. Two 'hundred and eight stores were forward, a pen of fouryear steers bringing £9 15s. In the dairy section only good young cows close to profit, were asked for, and these realised up to £8 2s 6d. A total of 1336 fat sheep were entered, the keen demand for wethers resulting in increased rates. Extra prime heavy wethers brought up to £1 15s 9d, prime £1 10s 3d to £1 12s 9d, medium £1 6s 6d to £1 9!s, light, down to £1 3s 6d. Extra prime heavy young ewes made to £1 11s 6d ; extra prime heavy sorts to £1 Bs, prime £1 3s to £1 5s 6d, medium 18s 6d to £1 2s 6d, and light, down to 16s. Fat lambs totalled 1245, butchers competing for the heavier grades and exporters operating on full schedule rates. Extra prime

heavy sorts brought to £1 14s 3d, prime heavy £1 7s 6d to £llls medium £1 5s to £1 6s 9d, and light down to £1 Is 6d. Fat pigs entered totalled 177. Baconers were firmer up to £4 13s, and porkers eased ias the sale progressed, best sorts realising up to £2 15s. Stores were a shade easier, the larger pigs bringing up to £1 16s and suckers from 12s to 18s. INVERCARGILL WOOL SALE. REALISATION OVER, £545,350. INVERCARGILL, February 17. The total realisation from the first Invercargill' wool sale held on February 5, was £545,350. The offering was 26,039 bales, of which only 41 bales were passed,, so that the clearance can be described as complete. The average price a bale, was £2O 19s 6d, and the average price a pound 15.7 d. The offering last year was 26,069 bales, of which 389 bales were passed, and the t-otal return was £309,873. The average price a bale was £l2 Is 4d, and, the average price a pound 8.76 d. THE SYDNEY WOOL SALES. SYDNEY, February 17. At the Sydney wool sales to-day, 12,608 bales were offered, 10,308 being sold at auction and 1124 privately. All good wools were sold freely at firm rates, while irregularity continued with regard to inferior and doubtful yielding lines. Greasy merino made 30.}d THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday : LISTED STOCKS. Sales on ’Change.

£ s. d. 400 Com. Bank of Aust. (4) 0 19 4 100 Natl. Bank of N.Z. . 3 2 0 750 Bank of N.Z. (3) 2 0 6 (7) 2 0 7 300 National Insurance (2) 0 18 1 100 N.Z. Insurance (2) 3 2 0 150 Goldsbrough, Mort. . 1 18 0 100 Kaiapoi Woollens (17s paid) 0 14 6 300 "Westport - Stockton Coal 0 1 11 200 N.Z. Breweries (2) 2 19 3 2 19 1 2 18 10 100 Staples Brewery 1 15 6 150 Anthony Hordern 1 0 8 100 British Tobacco 2 12 6 200 Broken Hill Propty. 4 3 9 (3) 4 5 0 100 Dominion Fert. 1 4 0 100 Dunlop Rubber 0 19 3 300 General Industries ... 1 0 2 (2) 1 0 3 550 G. J. Coles . ... 5 7 0 (5) 5 7 6 (9) 5 7 0 100 Morris Hedstrom 1 10 0 105 N.Z. Farmers’ Co-op. (10s pd*.) (odd parcel) 0 0 G 25 Woolwortlis (N.Z.), ord. 7 3 9 100 Okarito 0 4 0 3000 Skippers < ... (5) 0 0 3i 950 Mount Lyell (2) 2 5 7 2 5 7i (2) 2 6 3 (9) 2 6 4 950 Mount Morgan (4) 0 17 0 (6) o 16 iii 100 Itawang Tin 0 12 0 Sales Reported. £560 N.Z. Gov. 4p.c. Ins. 1934-36 101 15 0 £200 N.Z. Gov. 4 p.c. Bonds, 1946 102 0 0 70 Bank of A-asia (2) 13 2 6 200 Bank of N.Z. 2 0 9 10 Dalgety and Co. 10 14 6 50 Aust. Glass 4 13 6 50 Broken Hill iPropty. 2 12 0 100 Dunlop- Rubber 0 19 3 225 G. J. Coles i(3) 5 7 6 5 7 0 (2) 5 7 6 100 Morris Hedstrom ... 1 10 0 500 Nemona 0 1 9 UNLISTED STOCKS. Sales on 'Change. 100 Selfridges (A-asia), old, cum riglits 1 19 6 Sales Reported. 100 Selfridges (N.Z.), 4s paid 0 5 5 100 Selfridges (N.Z.), 4s paid, (late sale Tues.) 0 5 8