COMMERCIAL NEWS

Ashburton Guardian, Volume 59, Issue 20, 3 November 1938, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. There lias been a very quiet week on the Ashburton grain, seed and produce market, and owing to the proximity to the Ashburton and Christchurch Agricultural Shows, not a. great deal of business was transacted by merchants. The following are prices quoted to farmers, on trucks at country stations unless otherwise indicated, 6acks 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 Gd; 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 73d, feed 3s 3d. Potatoes—3os to 40s a ton.

THE STOCK SALES. ADDINGTON. CHRISTCHURCH, November 2. Heavy entries were penned in all fat stock sections at to-day’s double market at Addington. 11l the cattle section the yarding totalled about seven hundred head, and produced the best quality offered for some time. At the start of the sale values were little changed on last week’s good level, but there were signs of an easing as the sale drew on. The fat lamb yarding, of seven hundred head, was far too big, and as a result prices came down for the best sorts to a limit of 93d a pound, as compared with lljd last week. More than eight thousand fat sheep were offered, and here, too, the sale opened at slightly reduced rates.

The spring lamb yarding proved too big for requirements, and there was a sharp easing on last week’s rates. Values came back .a full 2d per lb on the average, prime sorts making from B=Jd to 93d. Anything but the betterclass pens was neglected, ■ and over the closing stages of the sale passings were frequent. There were some very choice pens forward, but these shared in the easing, which amounted to a good 2s 6d to 3s 6d a head. Best price was 80s Id. The entry was about 700 head, compared with 250 last week.

The store sheep yarding—totalling 3800 head—was somewhat larger than last week’s. • The feature of the sale was again the good demand for wethers, of which a good selection was offered.

A line of 65 well-grown Romney cross four and six-tooth wethers made to 21s lid, and another pen made 21s 9d. Fine-woolled wethers of the same age sold at 16s 3d. Some choice ewe hoggets were penned, and these met with good competition, up to 28s Id being paid for a pen of 60, with a lino of 150 selling at 27s 7d. The ewes and lambs offered were not, on the whole, a propossessing lot, and values in this section showed little change, with an easing tendency for the poorer pens. The best ewes and lambs made to 15s Id, with medium sorts from 10s to 13s, and rough from 6s 3d. A pen of young ewes, Avell woolled, made 21s 3d, with other young sorts at up to 13s, and ewes down to Bs.

The yarding of fat sheep totalled between "8500 and 9000 bead, and was the largest, for some time. Over the first two or three races, comparatively few quality pens were offered, and these sold at- little change on last week’s rates., Medium quality sheep, however, were easier by Is to Is 6(1 a head, and old and inferior sorts were neglected. The sale, however, was a good one. The entry in the fat cattle section comprised between 650 and 700 head, drawn from widely-scattered points. Close on 300 came from the Peninsula, a number of truck lots from the AA est Coast, and lines from South Canterbury and local fattening districts. Quality did not suffer at the expense of quantity, the penning, as a whole, being the'best for a number of sales. The market opened briskly at values very little below those of last week, and up till mid-day there was no sign of easing. Pens of Hereford-Shorthorn cross steers in the early part of the sale made up to £22, and a pen of heifers from the Peninsula up to £ls 2s 6d. The bulk of the Peninsula, cattle was of outstanding quality, and there were instances of cows making up to £l6 odd, and steers to £2l. There were no passings in the earlier part of the sale.

There was a moderate sized entry in the store cattle pens, and a good demand. Except for a few pens of young Black Poll steers there were no straight bred lines. Eleven yearling steers made £4 16.5, and 11 18 months to two-year-old Polls £6 18s 6d. Odd beasts comprised most of the other pennings. Grown steers made to £7 13s 6(1, and cows to £5 Is.

The entry in the porker section was of normal size tor a double market. Prices from the outset were a shade better than those of last week, hut eased slightly in the middle part of the sale, with a recovery later. Choppers were in very heavy supply, and a large proportion of plain and unfinished sorts depressed values for good quality sorts. The bacon entry was of medium size, and the sale was keen throughout, prices being a shade in vendors’ lavour. Choppers 38s 6d tto £5 10s, light porkers 46s (xl to 52s 6(1, medium porkers 54s 6d to 59s 6d, heavy porkers £3 Is 6xl to £3 9s 6d, average price per lb to B£<l, light baeoners £3 10s 6(1 to £3 19s 6(1, medium baeoners £4 Is 6(1 to £4 7s 6d, heavy baeoners £4 9s 6d to £4 19s 6(1, extra heavy £5 Is 6d to £5 Lis 6d, average price per lb 74x1 to Bd.

Store pigs sold as follows:—Small weaners 15s to 17s 6d, good wean or s to

23s 6d, slips 25s to 28s, • small stores 29s to 31s, medium stores 32s to 355, large stores 37s to 445. Sales for County Clients. Sales made at Addington yesterday on behalf of Ashburton County clients were: Spring Lambs—On account of H. Hurst (Mt Hutt), 10 at 19s lOd to 28s lOd ;J. F. H. and E. Langley (Ashburton), 21 at 21s 7d to 25s 7d ; J. Sprott (Pomlarves), 40 at 19s Id to 24s 7(1; P. H. Read (Eiffelton), 15 at 20s lOd to 24s Id; S. Cross (Newlands), 3 at 24s Id ; A. P. Bruce (Ashburton), 4 at 23s Id; J. McQuilkin (Hinds), 10 at 19s 7d to 21s fid; T. C. Maw (Barr Hill), 11 at 21s 4d to 26s 4d ; A\ r . T. Lowe (Ashburton), 13 at 22s Id to 24s Id; John McQuilkin (Ashburton), 9 at 19s 4d to 23s lOd; T. ,M. Webb (Rakaia), 1 at 20s Id ; J. W. Thomas (JNletbven), 15 at 17s Id to 22s Id ; Shearers Estate (Ashburton). 12 at 20s Id to 20s 10d.

Fat. Sheep—Wethers: J. W. Ferguson (Lauriston), 5 at 21s 4d; AN . G. Copland (Chertsey), 44 at 19s 4d to 21s 7d; G. Farquhar (Mt Hutt), 15 at 21s Id; J. B. Ferguson (Lnuriston), 3 at 18s Id: J. Adams (Metbven), 1 (woolly) at 36s Id; F. E. Amos (Lauriston), 7 at 26s 4d; AV. lv. AVilson (Mt. Hutt), 44 at 21s 7d to 25s lOd; Ashburton client, 58 at 20s 7d to 23s 7d; N. H. Kermode (AVinchmore), 67 at 17s 4d to 20s 4d; P. F. Dolan (Rakaia), 86 at 23s 7d to 26s lOd; C. J. AVbods (Methven), 43 at 21s 7d to 25s Id; H. Wilkinson (Chertsey), 12 at 17s 7d to 20s Id; Ashburton client, 19 at 17s lOd to 19s lOd; Somerton Estate (Rakaia), 42 at 20s 7d to 22s 4d; T. O’Grady (Ashburton), 10 at 21s 4d ; J. F. Ruddenklau (Methven), 26 at 21s 10 d to 24s Id; T. J. Lemon (Ashburton), 67 at 19s 7d to 21s lOd; R. C. Carter (Newlands), 36 at 19s lOd to 21s lOd; J. Campbell (Methven), 36 at 20s Id to 21s 4d; S. G. Lemon (Lauriston), 33 at 19s 4d to 20s Id; R. C. Todhunter (Parkview), 50 at lSs 4d to 19s Kkl.

Ewes: J. AVright (AVinchmore), 6 (woolly) at 22s Id; C. G. Abbott (Chertsey), 26 at 14s lOd to 29s 4(1; W. G. Copland (Chertsey), 11 at 17s lOd; C. Chamberlain (AVinchmore), 29 at 11s to 17s Id; J. W. Ferguson (Lauriston), 12 at 13s 7d to 15s 104; J. 'B. Ferguson (Lauriston), 2 at 15s Tel; AV. Lunnan (Mayfield), 15 at 15s lOd to 23s 10d; N. S. Murdoch (Mayfield), 61 at 16s Id to 20s 10'd; J. AV. AVatson (Pendarves), 13 at 20s 4d; C. Mcllraith (Rakaia), 10 at 13s 4d to 20s; Kingsbury Bros. (Dorie), 24 (woolly) at 15s 4d to 20s Id; A. P. Bruce (Pendnrves), 62 at 16s 4d to 25s Id; Cochrane Bros. (Ashburton), 27 at 19s Id to 23s 4d; H. Hurst (Rakaia), 14 (woolly) at 22s Id; S. Cross (Newlands), 25 at 18s 4d to 21s 4d; AV. H. AVilkinson (Chertsey), 19 at 16s 10'd to 21s 4d; Ashburton client, 63 at 19s Id to 20s 7d; Ashburton client, 29 at 16s Id to 16s lOd; H. AVilkinson (Chertsey), 16 at 15s 4.d; A shburton client, 62 at 13s Id to 14s 4di; Somerton Estate (Rakaia), 23 at 16s 4d to 29s Id; J. F. Ruddenklau (Methven), 10 (woolly) at 17s lOd to 26s 7d; J. Cretney (Lyndhurst), 11 (woolly) at 15s Id to 23s LI; H. J. Freeman (Methven), 22 (woolly) at 20s 7(d) to 21s lOd; A. J. McKay (Methven), 23 at 18s 7d to 19s 4(1; E. J. AVatson (Methven), 18 at 11s 7d to 18s Id; H. J. Freeman (Methven), 8 at 18s Id; R. F. Ruddenklau (Methven), 15 at 10s 7d to 16s Id; E. A. Bland (Methven), 11 at 15s 7d; S. G. Lemon (Lauriston), 8 at 15s 7d. Hoggets—Account of C. Chamberlain (AVinchmore) 3 at 14s lOd; F. E. Amos (Lauriston), 4at 22s 4xl; L. M. Oliver (Doric), 30 at 14s lOd to 16s 7(1.

Eat Cattle—Account of K. Campbell (LagmhorJ, steer at £ls 2s fid; AV. S. Strange (Tinwald), 10 steers at £lB 2s 6d to £2l 7s 6d; N. Cartwright (Hinds), steer at £l3 7s Gd, cow at £l2 7s 6(1, heifer at £7 12s Gd; IT. S. Richards (Valetta), 2 steers at £l2 7s 6d to £ls 12s Gd, cow at £ll 17s 6d.

BURNSIDE. DUNEDIN, November 2. Best- quality cattle at the Burnside stock sale to-day, when there was a yarding of 200 head in the fat cattle pens, attracted keen competition and sold at an advance of 20s a head on the previous week’s values, but other quality was difficult to' sell. Five trucks of prime heavy sorts wene forward, and those received most attention. Extra prime heavy bullocks made to £24 12s 6d, prime £l9 7s Gd to £2l 17s Gd, and, light and medium £l3 2s Gd to £ls 17s Gd, extra prime cows and heifers to £ls 17s Gd, prime £l3 7s 6d to £l4 2s Gd, medium £lO 12s Gd to £l2 17s Gd, and light and unfinished £4 16s Gd to £lO Gs Gd. Up to £lO Is was paid for a line of tlireey]ear Hereford store steers. Others in this section brought late values. The entry of fat sheep totalled, 1729 head, about half of which were shorn. Prime heavy sorts sold readily at recent prices, but medium and poorer sorts had an (erratic sale with prices declining by as much as 2s a. head. Extra prime heavy wethers in wool made to £2 Is, prime £1 11s to £1 14s 3d, prime shorn £1 Gs to £1 Gs 9d, medium in wool £1 Gs to £1 9s, shorn £1 3s Gd to £1 5s 6d, light and unfinished shorn 17s to £1 Is, extra prime heavy ewes in wool to £1 9.4 3d, prime sho/rn to £1 3s, medium to light in wool 14s Gd to £1 4s, and shorn 14s to £1 3s. Eighty-five spring lambs were forward, and extra prime sorts made £l. 10s to £1 lGs, prime were worth £1 5s Gd to £1 9s, and light and unfinished 19s to £l. 3s

There was a distinct easing in the value of fat pigs after the extremely high prices which ruled in the previous week. Breeders, probably anticipating that high prices would continue sent pigs forward in large numbers, 252 being penned, and there, was a drop in values, porkers being down by fully ]os a bend and baeoners by 7s Gd. The former made £2 5s to £3 15s, and the latter £4 5s to £5 10s, according to size and quality.

THE SHARE MARKET. The following sales were made on the Cnristchurch Stock Exchange yesterday:— LISTED STOCKS. Sales on ’Change, £ s. d. 25 E., S. and A. Bank ... 5 9 0 102 Natl. Bank of N.Z. ... 2 10 0

250 Bank of X.Z. (3) 2 0 3 250 N.Z. Breweries (2) 2 0 9 250 Broken Hill Propty. (4) 217 6 100 Dunlop Rubber ... 10 5 100 1.C.1. (Aust. and N.Z.) (prof.) ••• 1 211 100 AVoolworths (Bvd.) ■ (ord.) 1 0 100 AVoolworths (South Africa) ••• 014 10 200 Broken Hill South (cum div.) (2) 1H 10 50 Mount Lyeli ••• 1 “ 250 Alount Morgan ... 0 910 0 '9 11 Sales Reported. 350,N.Z. Rofrig. (£1 pd.) (2) 017 0 100 N.Z. Breweries (late Tuesday) ••• 2 0 9 400 1.C.1. (Aust. and N.Z.) (prof.) (2) 1 211 300 AVoolwodths (Byd.) (ord.) ••• 1- *1 Also : 700 Consolidated. Brick .. 0(5 0 7 6 100 Mount Morgan (pf.) 1 1 10a

SYDNEY WOOL SALES. SYDNEY, November 2. At the wool sales, 11,496 bales were offered and 10, 680 sold, also 1312 privately. Competition was very keen, with good, support from Japan. Greasy merino made 21d.