COMMERCIAL NEWS

Ashburton Guardian, Volume 58, Issue 85, 20 January 1938, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE THE ASHBURTON MARKET. Ashburton grain, seed and produce merchants report that occasional lines of qats, grass, seed and wheat are coming on to the market, but the volume of business passing has been small. The weather has been ideal for harvesting, but growers are not rushing the heading of wheat owing to the moisture content restriction. Most samples submitted have conformed to the standard, but an occasional line is reported to contain over the maximum allowed.

Reaping of wheat has taken place on the lighter land but most of the wheat on the heavy land is still awaiting the binder. <

Very few oats have been offered, and any lines of good quality are readily saleable.

The cocksfoot crop is now practically all reaped but no threshing has taken place yet. Last season’s outsheaf chaff is meeting with an occasional shipping inquiry, but values are lower. Potato crops are still looking remarkably well, but very little forward business has eventuated.

THE STOCK SALES. ADDINGTON. * CHRISTCHURCH, January 19. Exceptionally heavy entries were the rule at Addington market to-day, and as a result there was a general easing. Fat sheep was the section most affected.

Store Sheep—About 10,000 were penned, 80 per cent, being wether lambs. Best wether lambs 18s to 19s 9d, medium- 16s to 17s 6d, small and poor conditioned 13s to 14s 6d, adult wethers 23s to 265, ewe lambs to 21s 6d. Fat Lambs.—A smail entry of 1300 head sold at the lowered export rate of 72di per lb for best. Fat Sheep.—There was an over supply, the entry comprising 7500 head. Wethers were down 2s 6d a head, big ewes by 3s 6d and export ewes by as much as Is 6d. Company buyers bought heavily. Best wethers 31s 6d to 37s 6d, good 27s 6d to 30s, light down to 245, best ewes 21s to 245. 6d, medium to good 18s 6d to 20s 6d, light down to 15s. , , Fat Cattle.—The penning of 505 head was of indifferent quality and values were down by 20s to 255. Good steers £l4 10s to £l6 7s 6d, prime medium £l2 10s to £l4, light down to £9, best cows and heifers to £ll 7s 6d, medium heifers to £TI 7s 6d, medium heifers £8 to £9 10s, light down to £7, secondary cows down to £5 15s. Store Cattle.—There was a larger penning and some .good young steers were included. The demand was good at the best of recent prices, there being a good clearance. A line of Hereford steers sold at £5 4s, £5 17s and £5 6s, yearling Shorthorn steefs £2 7s, Hereford two-year-olds £6 11s, Black Poll steers £5 19s, Shorthorn cross steers £4 6s to £5 18s 6d. Fat Pigs.—Prices eased for both porkers and baconers. Porkers £1 12s 0 to £2 11s 6d, average price per lb 6d to 6id. Baconers "£2 14s 6d to £3 11s 6d; average price 5d to 6id. Store Pigs.—There was a heavy entry and a good sale at the following prices.—Weaners 14s to 20s, slips 21s to 235, stores 27s to 36s 6d.

Sales for County Clients, ...Sales made at Addington Stock Market yesterday on behalf of Ashburton County clients were Fat Lambs—J. McQuilkm (Lauriston), 3 at 22s 4d. . Fat Sheep—Among the outstanding pens offered, was one of 11 wethers from it. H. Magson (Rakaia), which topped the market at 37s 4d. Ewes: J. F. Langley (Rakaia), 80 at 18s Id to 22s lOd; client, 83 at 19s IGd to 22s 7d; estate W. F. Magson (Rakaia), 17 at 18s 4d to 20s Id: C. R. Craythorne (Kaituna), 99 at 15s Id to 19s 4d; A. J. McKay (Methven), 61 at 16s Id to 18s 7d: G. S. Campbell (Rakaia), 41 at 17s 4d; W. A. McPhail, sen. {Methven), 68 at 14s 4d to 15s lOd; J. C, Lochhead (Rakaia). 43 at 15s lOd to 18s 4d; R, Fletcher ('Hatfield), 15 at 17s Id,: H J. Freeman (Methven), 80 at 17s lOd to *2ls lOd; Mrs S. M. Doak (Dorie), 19 at 20s 4d; J. Muckle (Dorie), 34 at 19s 4d to 20s Id: Mrs E. Benbow (Dorie), 30 at 18s 4d to Ids lOd: S. Cross (Newlands), 25 at 17s 4d to 19s Id; estate J. Farrell (Ashburton), 54 at 15s lOd to 18s lOd. M ethers: R. H. Magson ((Rakaia), 41 at 3os lOd to 37s lOd; estate W. F. Magson (Rakaia), 5 at 35s 4d; Rakaia client, 78 at 27s 4d to 3ls 4d; S. Cox (Lyndhurst), 64 at 26s 4d to 34s 7d,; Mrs S. M. Doak (Dorie), 56 at 27s Id to 31s 7d; A. Pithie (Hinds), 38 at 20s to 275. Fat Cattle—.R. D. Steffens (Methven), 2 heifers' at £5 2s 6d to £5 12s 6d; C. H. Ireland (Methven), cow at £6 2s 6d; A. D. Lochhead (Methven), cow at £8 7s 6d; J. A. McDonald (Methven), cow at £7 2s 6d; Mrs J. BMaginness (Longbeach), cow at £8 2s 6d, 2 steers at £9 2s 6d, 2 heifers at £7 2s 6d to £8 2s 6d.

BURNSIDE. DUNEDIN, January 19. There was a general easing in the cattle and sheep sections at the Bumside sale to-day. The entry of fa cattle numbered 393,. an increase o 70 over the previous sale. Though quality was fully up to standard the demand was easier and the market opened to a general drop of 20s a head. Extra prime heavy bullocks made to £l9 2s 6d, prime £ls 73 6d to £l7 is 6d, medium and light £9 2s 6d to £ll 7s 6d, extra prime cows and heifers to £l3 2s 6d, prime £8 2s 6d to £lO 2s 6d medium and light £9 2s 6d to £ll 7s 6d, extra prime cows and hiefers to £l3 2s 6d, prime £8 2s 6d to £lO 2s 6d, medium £7 2s 6d to £B,, and light down to £4 7s 6d. Extra prime bullocks were worth on an average £1 16s per 1001 b, prime £1 14s, prime cows and heifers £1 15s, and poorer quality £1 os, j . Though there was klso an easing ta

the value of store cattle, it was not so marked. Three- and four-year steers were worth from £8 15s to £9 9s, twoyear steers £5 15s to £6 12s 6d, and forward cows and heifers from £4 to £5 2s 6d.

A large yarding of 2078 fat sheep was submitted, but the hot weather affected butchers’ requirements and values were down from the start by 4s to 5s a head. Prime heavy wethers brought to £1 14s, prime £1 9s 6d to £1 11s, medium £1 4s to £1 6s, light down to 19s, prime heavy ewes to £1 ss, prim© £1 Is 3d to £1 3s, medium 17s to 19s 3d, light down to 11s. More than 1300 fat lambs were forward, extra prime heavy sorts bringing to £1 13s, prime £1 4s 3d to £1 6s 6d, medium £1 Is to £1 3s 6d, and light and unfinished to> 18s 6d.

Fat pigs were not easily sold, the yarding of 114 head finding the market easier by os to 7s 6d. Baconers were worth from £3 2s to £3 16s, and porkers from £2 4s to £2 19s.

CHRISTCHURCH WOOL SALE.

DECREASE IN THE RETURNS.

CHRISTCHURCH, This Day,

A substantial decrease in the returns from the first Christchurch wool sale of this season, when compared with the first sale in the previous season, is shown in the official figures of the Christchurch Woolbrokers’ Association. Returns and averages were, however, larger than those in the 1935-36 season though the offerings were fairly closely comparable. The total realisation; was £372,827 from 22,856 hales soil, compared with £631,649 from 28,060 bales in the 1936-37 season and £321,280 from 21,640 bales in the previous season. The average prices per lb were 12.5Q2d this season, 17.271 d in the 1936-37 season, and 10.963 d in the previous season.

The following table gives a comparison of the figures for the three seasons; 1935. 1936. 1937.

Offered (bales) 22,586 28,547 23,651 Sold (bales) 21,640 28,060 22,856 Value ... £321,280 £631,649 £372,827 Av. per lb 10.963 d 17.271 d 12.502 d Av. a hale £l4 1611 £22 10 2 £l6 16 3

DAIRY PRODUCE IN LONDON.

By arrangement with the Primary Products Marketing Department the following information is supplied:—

Butter.

New Zealand, salted 112 s up to 113 s (last week 112 s); New Zealand, unsalted, 114 s (113 s to 114 s). Australian, salted, Ills to 112 s; unsalted 112 s up to 113 s. Market quieter at the close. New Zealand retail price Is 2d. Danish, 113 s f.0.b., 135 s spot. Market steady. Retail price Is 4d. Dutch, unsalted 112 s, exceptional 116 s (slow). Lithuanian, ungalted 116 s. Cheese. New Zealand, white 68s to 68s 6d up to 69s (65s to 65s 6d); New Zealand, coloured 1 , 69 sto 69s 6d (86s to 66s 6d). Australian, white 64s to 665; coloured, 64s to 675. Actual demand throughout week at increasing price. Market now practically hare of available supplies. Canadian, white and coloured, 73s to 745.

England, finest farmers, 96s to 98s Market steady. New Zealand retai price unchanged 9d.

THE ©HARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday : LISTED STOCKS Sales on ’Change.

£ s d. £270 N.Z. Govt. 4 p.e., Ins. 1946-49 (odd parcel) . 103 2 6 200 Com. Bank of Austrian div.) (2) 0 17 1 15 Natl. Bank of A/asia. (£5 paid) 7 1 6 100 United Building 1 0 9 200 N.Z. Breweries (2) 2 7 0 50 G. J. Coles (cum div.) 4 3 6 100 Woohvorths (Syd., ord.) 1 5 7 200 Mount Morgan '(2) 0 10 3 Sales Reported. £940 N.Z. Govt. 4 p.c. Ins., 1952-55 (2) 103 0 0 50 Bank of N.Z. .2 4 3 200 South British Insurance (10s paid) 2 8 3 100 Broken Hill Pty (new) 1 15 0 100 N.Z. Farmers JFert. 0 19 6 100 Taranaki * Oilfields ... 0 •6 9 100 Woohvorths (South Africa) . 0 14 9 200 Mount Morgan 0 10 3 100 Waihi Grand Junction 0 3 0 100 N.Z. Brewery 2 7 0 150 W. R. Carpenter 2 7 5 2 7 3 UNLISTED STOCK Sale on ’Change 300 Alloy Steel (Aust.) ... 0 11 6 (2) 0 11 3