COMMERCIAL NEWS

Ashburton Guardian, Volume 57, Issue 172, 4 May 1937, Page 7

COMMERCIAL NEWS

DOMINION PRODUCE.

HIGH COMMISSIONER’S REPORT.

The Department of Agriculture has received the following cablegram, dated May 1, from the High Commissioner for New Zealand, London:—

Tallow: Market very quiet; prices unchanged. Hemp—Manila : Market is quiet and easier. “K” grade for May-June shipments closing values £32 10s. Sisal: Market quiet. May shipments sold early this week £29 12s 6d; closing values. May-July shipments £29 7s 6d. New Zealand: Nothing to report.

Apples—Hurunui discharged in good condition; market steadier. Current prices are:—Cox’s Orange 12s to 16s; Jonathans 12s to 14s; Cleopatra 11s to 13si Dunn’s avourite 9s to 10s fid; Willia Sharp, Parlin Beauty, 8s 6cl to 10s; London Pippins, Ballarat 8s Cd to 9s 6d; Lord Wolseley, Alfriston 8s to 9s.

Pears—Market is weaker. Current prices are:—Cornice 13s to 15s; Winter Cole, Beurre Bosce 9s to 11s; Conference, Packham’s Triumph 9s to 10s 6d; Marie Louise 9s to 10s; Duchess Beurre Clairgeau 8s to 9s; Beurre Capiamont 7s to 8s 6d. Peas—Maples: Market is quiet; buyers reserved. Early this month “A” grade Tasmanian for -day shipments sold 57.6. Recently New Zealand—old crops—according to sample for MayJune shipments sold at 525. New crops No. 1 for May-June shipments offered at 55 5; “A” grade Tasmania 57s Gd without finding buyers. Blues: Bettor demand. “A” grade Tasmanian for May-June shipments sold £l2.

GRAIN AND PRODUCE.

CHRISTCHURCH MARKETS. CHRISTCHURCH, May 3. The May increment of Id a bushel on milling and fowl wheat is now payable, Tuscan being at 5s 2d and fowl wheat at the same figure for f.a.q. and 4s lid to 5s Id tor undergrade. There is an excellent demand for seed wheat, and business during the past week has kept merchants busy dressing seed. The fine weather has given a spur to farmers, and the indications are that the appeals made to sow more wheat are having the desired effect. The demand for oats is not very strong, and supplies are limited. Peas are still coming in too soft for shipment, and it is evident that a great deal of the crop will never see export condition.

There is a better demand from the North Island for potatoes, hut there is little forward business passing. Prompts are quoted at £6 and £6 10s for May-June delivery. The following are quotations to farmers on trucks at country stations, sacks extra unless otherwise stated:—

Milling Wheat—F.A.Q., Tuscan, 5s 2d; Hunters, 5s 4d; Pearl, 5s 6d (May delivery). Fowl Wheat—G.W.F., 5s 2d, f.0.b., under-grade, 4s lid to 5s Id (according to quality). Oats—Gartons 2s lid to 3s 2d, Algerians, 2s 8d to 3s; Duns, 2s Od to 3s (according to quality). Cocksfoot—4d to lOd (according to quality). Ryegrass—Perennial, 2s 9d to 3s (according to quality); Italian, 2s 9d to 3s.

White Clover—Bd to lOd. Cowgrass—6d to 7d. Partridge Peas—4s 6d to ss. Flour—£l3 15s 6d, in 2001 b sacks. Bran—£4 15s to £5 5s (local price). Pollard—£6 5s to £6 15s (local price). Chaff—£3 15s. Potatoes—Prompt £6, May-June £6 10s. Onions—£s 5s a ton. i

THE SHARE MARKET.

The following sales were made on the Christchurch Stock Exchange yesterday:—

LISTED STOCKS

Sales on ’Change. £ s. d. 25 Comm. Bank of Aust. (pf.) 9 8 9 211 Goldsbrough, Mort (2) 1 18 3 250 N.Z. Breweries 3 0 0 2 19 9 2 19 10 100 Anthony Hordern 1 0 3 100 Aust. Class 4 8 6 350 Broken Hill Pty. (cum div.) (2) 4 1 0 (5) 4 2 0 5 Colonial Sugar 45 2 6 100 Dunlop Hub her 1 0 10 73 Electro Zinc (ord.) ... 2 18 3 150 Electro Zinc (pf.) ... 2 19 0 (2) 2 18 9 320 G. J. Coles 5 7 0 (8) 5 7 3 100 Morris Hedstrom 1 9 0 100 N.Z. Paper Mills (cum div.) 1 7 6 100 Taranaki Oilfields 0 4 G 500 Maori Gully 0 0 5f 400 Mount Lyell (8) 2 0 0 200 Mount Morgan (2) 0 15 0 100 Rawang Tin 0 11 6 Sales Reported. 77 National Mortgage “A” (late sale Saturday) 2 13 0 210 N.Z. Refrig. (£1 pd.) (2) 0 19 4 50 Mosgiel Woollens (cum div.) io 5 0 100 Aust. Glass 4 8 0 500 Swan Brewery (5s pd., cum div. and bonus) 1 12 G 500 Westport-Stockton Coal 500 Westport - Stockton Coal (pref.) 0 4 10 100 Shillings, Ltd. 0 18 3 200 N.Z. Guarantee Corpn. 0 4 9 UNLISTED STOCKS Sales on 'Change. 200 Grey River (3s 9d pd.) (2) 0 4 2