COMMERCIAL NEWS

Ashburton Guardian, Volume 59, Issue 14, 27 October 1938, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Ashburton grain, seed and produce merchants report that another quiet period has been experienced on the local market. Odd orders are coming to hand from the North Island for table potatoes, but growers are reluctant to accept ruling prices. The recent rain has- stimulated the demand for ryegrass, clover and turnip seeds. The following are prices quoted to farmers, on trucks at country stations unless otherwise indicated, sacks extra, free of commission:— Wheat—Milling Tuscan 5s lid, Hunters 6s Id, Pearl 6s 3d. Fowl wheat 5s lid (all f,0.b.). Oats—A Gartons 2s 9d, B’s 2s 6d; Algerians 2s 9d to 3s; Duns 3s to 3s 6d, according to quality. Grass Seeds —Perennial ryegrass 3s 9d to 4s 3d, Italian 2s 9d to 3s, cocksfoot 7d to B§d, red clover 6d to 7d, white clover lOd to Is. Chaff—£4 a ton. Partridge Peas—ss 6d for No 1 grade, undergrade 3s 6d to 4s 6d. Barley—Malting 4s 7|d, feed 3s 3d. potatoes—3os to 40s*a ton.

SOUTH CANTERBURY MARKET

TIMARU, This Day,

The recent rain came at a very opportune time as there has been a fair proportion of late sown wheat which needed fresheniing. While, a week ago the prospects were anythiing but bright farmers given favourable conditions should now be assured of a crop. Of recent years farmers have been discarding mangolds but this practice has been found to be unwise especially in drought seasons. It has been found that a mangold will grow throughout a drought season, and it 'is a valuable standby whereas a turnip is stunted. The South Canterbury grain, seed and produce markets • are quiet, the chief interest being in seeds. Milling wheat has all been cleaned up for the season.

Lines of fowl wheat are still being held and it will be a month or two before present stocks are disposed of. The nominal quotation is 5s 6d a bushel f.o.b. There has been a little demand for B grade Carton oats, but A’s are not inquired for. Thero is only an odd parcel of Duns available. A Gartons 2s 8d a bushel on trucks, B Gartons 2s 4d to 2s 5d a bushel on trucks, dark heavy Duns 3s 6d a bushel on trucks. Barley prices arc: Malting 4s lOd a bushel on trucks; ieod 3s 3d a .bushel on trucks.

Good bright oaten sheaf chaff is worth £4 a ton on trucks.

The value of No. 1 partridge peas is 6s 3d a bushel on trucks. No business is passing in potatoes, the general quotation being 15s to £1 a ton on trucks. The North Island inquiry is practically finished, and new potatoes will shortly bo on the market.

With the recent rains there should be a general demand for seeds, but stocks are light and thero should bo few carried over. Quotations are: Certified ryegrass 9s Gd a bushel on trucks. Canterbury perennial 4s Gd a bushel on trucks, Italian 3s a bushel on trucks, White clover lOd a lb; cowgrass 7d a .lb. THE STOCK §ALES. ADDINGTON. CHRISTCHURCH, October 26.

Entries in the weekly stock market at Addington to-day were slightly larger than normal, but generally prices were maintained. Store Sheep—The penning included the first of tho season’s Chatham Islands wethers, which were in keen demand by graziers. A line of 141 head sold at 23s to 255, and another of 161 head at 22s 3d to 23s 3d. The sale on tho whole was inclined to be better than last week, except for ewes and lambs. Prices were: 6-8-tooth ewes and lambs to 16s 9d, good s.m. to 13s Id, aged 8s to 9s 6d; pen of woolly Corriedale ewe hoggets to 27s 9d, shorn wether hoggets to 14s 9d, medium sorts to 12s lOd, rough 7s.

Spring Lambs —There was an excellent sale of spring lambs, the quality generally being better than earlier offerings. There was spirited competition until the last few pens. On the average values of prime sorts firmed about Is to Is 6d, making a fraction more than lljd a lb. Fat Sheep—There was an entry of about 4700. Except for a few lines the penning was almost entirely of shorn sheep. The quality generally was good. The sale opened soundly at a slight advance on the rates of a week ago, but over the last two races there was an easing, the supply being in excess of the demand. Ex. prime shorn wethers made to 32s Id, prime 25s 6d to 28s (kl, prime medium 23s 6d to 255, light to 20s Gd; ex. prime shorn ewes to 26s 7d, prime 20s Gd to 235, prime medium 18s Gd to 20s, light and ordinary 15s 7d to I,Bs. Fat Cattle —The entry was 435. The quality was again above the average and the sale from the outset was keen. Values were fully on a par with last week and in some cases better. Best beef brought about 47s per 1001 b, and younger prime sorts about 2s more. Good heavy made £2 2s Gd to £2 6s, inferior down to £1 15s; ex. prime stool's to £22 2s fid, prime heavy £l7 1.5 s to .£l9 15s, prime medium £l6 5s to £l7 10s, light to £l2; ex. prime heifers to £ls_l7s Gd, prime £l2 to £l4, medium £lO 10s to £ll 15s, light to £10; ex. prime cows to £l6 12s Gd, prime £lO 5s to £l3 ss, medium £8 5s to £9 10s, light £6 to £B. Store Cattle. —There was a small entry and a complete absence of straight lines of grown or young cattle. The entry comprised small pens of cows and heifers. For these there was a

brisk sale, with more competition than for some sales. Both heifers and cows fit for fattening sold at up to £5 18s 6d, and medium sorts down to £3 10s. The improvement in feed gave a stimulus to the market.

Fat Pigs.—The entry in the porker section was easily the largest for some time. Prices from tho outset were a shade easier, but over the last two races values eased by 3s to ss. An over supply constituted practically a double market yarding. Choppers were forward in much smaller numbers but the easing of last week .was fully recovered. The baconer entry was smaller, and the sale was lifeless throughout, values being easier. Choppers £2 13s 6d to £6 Is, porkers £2 4s 6d to £3 5s 6d. The average price pec lb was 73d to B.RI. Baconers £3 7s 6d to £5 5s 6d. The average price per lb was 73d to 73d. ■Store Pigs.—(Small weamers, 17s to 19s ; best, 20s to 255. Slips, 26s to 28s; small stores, 29s to 31s; medium stores 32s to 355; large stores 37s to 40s j Extra large stores, 43s to 48s. Ashburton County Sales. * The following sales were made on account of Ashburton County clients at tho Addington stock market yesterday : Spring Lambs—R. R. Chambers (Winchmorc), 6 at 24s 4d to 25s lOd ; W. G. Low (Rakaia), 18 at 25s to 28s Id; J. C. 'Lochhead (Rakaia), 11 at 25s lOd to 28s 4d.

Fat Sheep—Wethers: Stewart’s Estate (Chertsey), 70 at 18s lOd to 21s 4d; Bi. R. Chambers (Winchmore), 30 at 17s Id to 17s 10d; H. R. Wilkinson (Chertsey), 30 at 23s 7d to 25s Id; Letham’s Estate (Lauriston), 40 at 18s 4. to 22s 4d; J. G. McLachlan (Rakaia), 69 at 20s 7d to 22s 4d; A. J. Doak (Ashburton), 16 at 17s lOd; F. E. Amos (Lauriston), 16 at 29s 7d to 30s Id; W. T. Lowe (Hinds), 16 at 20s lOd to 29s lOd; D. Cairns (Wakanui), 69 at 23s lOd to 29s 4d; R. Gemmell (Mt. Hutt), 29 at 17s lOd to 18s lOd. Ewes—On account of T. E. Kneale (Methven), 17 at 19s Id to 23s lOd; B. R. Chambers (Winchmore), 16 at 19s lOd to 22s 4d; D. Cairns (Wakanui), 7 (woolly) at 25s 4d; Kingsbury Bros. (Doric), 60 (woolly) at 17s Id to 23s 4d; D. Cairns (Wakanui), 1 at 22s 7d; M. F. Kingsbury (Wakanui), 32 (woolly) at 12s lOd to 22s Id; W. W. CarrUthers (Rakaia), 100 at 20s 4di to 23s 7d; R. R. Wilkinson (Chertsey), 31 at 17s Id to 22s lOd; R. Gemmell. (Mt. Hutt), 15 at 8s 7d. Hoggets—On account of R. Gemmell (Mt. Hutt), 4 at 15s 4d. Fat Cattle—P. F. Dolan (Rakaia), cow at £l4 7s 6d.

BURNSIDE* DUNEDIN,, October 26. Though tho entry of 286 head of fat cattle at the Burnside stock sale to-day was not Isft-ge, prices were easier. This was probably because butchers still had stocks’ on hand and there was no outside competition. Quality over all was good, being fully up to recent standards. Cattle were down by 10s a head from the commencement, and there was a further easing as tho sale progressed. Extra prime heavy bullocks made to £24 7s Gd, prime £lB 2s 6d to £l9 2s 6d, medium £l3 2s 6cl to £ls 2s 6d, light from £8 17s 6d, extra prime cows and heifers to £l4 17s 6d, prime £ll 2s 6d to £l3 2s 6d, medium £9 7s 6d to £l2 2s 6d, and light down to £5 17s 6d. Extra choice ox beef made £2 18s per 1001 b, prime £2 16s, prime heifer beef £2 17s 6d, a'nd poorer cow beef £2. * There were 175 stores forward and values eased. Several, pens of four-year steers brought to £lO 12s 6d. Tho largest fat sheep yarding for some time was forward, 2730 head being penned, including several consignments from South Canterbury, about half being shorn. Supplies were well beyond requirements, and the market eased from the start to the extent of about 2s a head, passings being frequent towards the end of the sale. Elxtra prime heavy woolly wethers made to £2 2s, prime £1 14s to £1 16s 6d, medium £1 7s to £1 11s, light down to £1 3s, extra prime woolly ewes to £1 10s, prime £1 6s to £1 8s 6d, medium £1 2s 6d to £1 5s 6d, and light from 16s; extra prime heavy shorn wethers to £1 8s 9d,: prime £1 4s 9cl to £1 6s, medium £1 Is 6d to £1 3s, light downs to 18s, extra prime heavy shorn owes to £1 8s Gd, prime ;19s to £1 Is, medium 16s 6d to 19s, and light clown to 14s. Spring lambs brought recent values, going to £1 14s 3d. Fat pigs, of which 111 head were yarded, sold in keen competition to £6 Is for best baconers and to £3 15s for best porkers. Stores were in good supply and were easier, large sorts bringing to £1 17s 6d. SHARP RISE IN PIGS. DUNEDIN, October 26. For some months the supply of fat pigs at the Burnside stock sale has been poor, and prices have varied from week to week with a general tendency to harden. To-day values went up sharply and it was stated by both buy ers and sellers that they had not been so high since shortly after tho end of the Great- War. Baconers, which comprised about half of the yarding of 111 head, wont to £6 Is a head, about 9d to lOd per lb, while £4 10s to £5 10s was paid for lighter sorts. Porkers were quoted at £2 15s to £3 15s, but it was stated that more than £4 was paid for some pigs, representing a value of upwards of Is per lb-. The shortage is said to be due to the lack of food last year, which caused difficulty in bringing on stores, with the result that farmers |iave few pigs to offer at the markets.

DAIRY PRODUCE IN LONDON. By arrangement with the Primary Products Marketing Department the following detailed information is supplied 'regarding the conditions of tne dairy produce markets at close of business in London on Saturday:— Butter. Now Zealand—Salted 114 s last week 114 s); unsalted Il ls to 115 s (115 s to ilGs). Australian—Salted 109-110 s, unsalted 110-llls. Danish—l2B-jl29s (spot).

Dutch—Unsalted 106-107 s, ex. 109 s. J>ithuan ian —U malted 108-109 s. The demand was slow. The New Zealand retail prico was 'ls 2d and the Danish Is 3d. Cheese. New Zealand—White and coloured, 71s ((725). Australian—67-GO.s. Canadian—72-735; old season’s 80s. English—Finest farmers’ 86-925; factory 66-695. The market for New Zealand was slow, with the retail price unchanged at 9d. SYDNEY WOOL SALES.

SYDNEY, October 26. At the Sydney wool sales, 13,243 bales were offered and 12,390 sold, also 1220 privately. (Prices are holding well, wiith the Continent and Yorkshire providing the chief buying force, with some support by Japan. Greasy merino sold to 17d. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday LISTED STOCKS. Sales on ’Change. £ s. d. 100 Com. Bank of Aust. * 016 8 100 National Bank of N.Z. (2) 210 6 500 New Zealand Breweries (5) 2 0 3 50 Australian Glass ... 416 6 150 Broken Hill Pty. (cum div.) (3) 217 8 5 Colonial Sugar ... 48 13 6 100 Dunlop Rubber ... 1 0 4 100 G. J. Coles (2) 319 6 100 Hume Pipe (Aust.) . 019 2 100 1.C.1. (Aust and N.Z., pref.) ... 12 6 100 Woolwortlis (Sydney, ord.) ... 1 010 300 Mount Lyell (2) 110 5 200 Mount Morgan (2) 010 11 Sales Reported. 300 Westport - Stockton Coal • ... 0 4 3 50 Australian Glass ... 4 16, 9 100 Farmers’ Trading (new, fully paid) .. 019 0 50 Black water Mines- ... 017 6 200 Consolidated Brick .. 0 7 6 150 Wilsons Cement ... 016 8