COMMERCIAL NEWS

Ashburton Guardian, Volume 59, Issue 22, 5 November 1938, Page 10

COMMERCIAL NEWS

FRUIT AND PRODUCE. THE ASHBURTOty MARKET. . There was a sharp rise in the price of apples at the Ashburton fruit and produce market yesterday, and Stunners went up to 7s 6d to 8s Gd a case. . New • season’s cauliflowers and cabbages appeared. The good- supply tended to ease prices. The potato market is still very quiet, and there was another drop in the rates. Swedes; and leeks went oft the market, white* gooseberries made an appearance, and sold at 4d and 5d per lb.;' . Prices were as follows: Walnuts—7d and 8d lb. Cauliflowers—sd and (kl lb. Carrots—ls 6d and 2s a sugar-bag. Pickling Onions —23d to 3d a lb. Parsnips—2s 6di a sugar-bag. Cabbages—New season’s, 4d to 6d. Sturmer Apples—7s 6d to 8s 6d. Chaff—2s 6d to 3s a sack. Potatoes—ls Gd to 2s a sugar-bag or 5s to 6s a sack. Wheat —20s to 21s a sack. Honey—Bd and 9d a lb. Onions—2d tto 23d. Bacon—lOd to Is a lb. Hams—ls to Is 2d a lb. Seed Potatoes —Early, l|d and 2d a lb. Lettuces—2d and 23 d. Rhubarb—4d and 5d a bundle. Gooseberries—4d and 5d lb. .

GRAIN AND PRODUCE. - ( ' THE DUNEDIN MARKET. DUNEDIN, Nov. 4. Further heavy rains have fallen throughout the South Island during the week; - North- Otago districts are looking particularly w r ell for this time of* the. year, and it is now fairly safe to predict good yields of both wheat and oats in the coming season. In Otago and Southland growth is not so narked as in northern areas, but recent rains have helped the position materially, and. the prospects for the coming season are also excellent in these districts. Millers' continue to \Vork on their stocks of New Zealand and Australian-grown wheat* and it is considered that these stocks will be sufficient to meet their requirements until the new season's wheat is available. The fowl wheat market remains firm with supplies just about sufficient to meet the demand. Best quality is selling at 6s 9d a bushel, sacks extra, ex store. The amount of business passing in the oat market is not large. Local millers have ample stocks in hand and inquiries from the North Island are for small lines .only. Merchants’ stocks are light for this time of the year, and there are no offerings from the country. Business with the North Island is being done from Canterbury and Bluff ports. Ruling quotations are 3s 3d f.0.b., s.i., for A Cartons, and 3s f.0.b., s.i., for B’s. At these figures there are also sellers for delivery next season.

The demand for chaff is limited, and small sales only are being recorded. Values are unchanged with best quality worth £6 10s a ton, sacks extra, ex store. Local merchants continue to supplement their stocks from. Canterbury.

' The lateness of the new season’s potato crop in the North Island lias prolonged the demand for old potatoes. Stocks locally are sufficient for requirements, and freshly-picked lines are worth round about £2 10s a ton, sacks included, ex store. The seed markets continue firm.

LONDON MEAT MARKET. PRODUCERS’ BOARD’S REPORT. WELLINGTON, Nov. 3. The New Zealand Meat Producers’ [Board’s report on the Smitlifield market covering the period ended November 3, states that heavy supplies of home-killed lamb continue to depress the market. New Zealand, prime lamb is still selling above best quality homekilled, but consumption has naturally affected wethers and ewes. Trade remains slow with prices easier.

Frozen beef is meeting a good demand. Chilled beef, with lighter supplies, commands firmer prices for best quality. JSew Zealand porker pigs, lightweights, are easier with slow trade. New Zealand baconer pig prices are unchanged, but the tendency easier. Quotations: — Mutton. New Zealand—Crossbred, wethers and/or maiden ewes: 481 b and under 4Jd, 49-561 b 4§d, 27-6411) 4fd, 65-721 b 4|d. Ewes: 481 b and under 3d, 49-561 b Lambs. Canterbury—36lb and under 7Jd, 37421 b 7fd. Second quality, average about 311 b Ggcl. Other South Island: 361 b and under 7jd, 37-4211) North Island Downs: Average about 31 hs 6.)d. North Island: First quality: 361 b and under 73d, 37-4211) 7£d. Second quality: Average about 311 b Ggd. Argentine—First quality (now season’s): 361 b and under 7d, 37-4211) 61 d. Pigs. New Zealand porker—First quality: 61-801 b 7|d, 81-100 lb 7d, 101-1201 b 6|d. New Zealand baconer Ggd. Veal. Boneless Bobby (new season’s), ex store, .in -parcels 4 Ad,. Chilled Beef. New Zealand—Ox hinds 145-21011)

not quoted, ox fores 145-21011) not quoted. Australian—Ox hinds 145-2101 h 53d, ox crops weights corresponding 4d. Union of South Africa; Ox hinds 145-2101 h 6£d, ox fores 145-2101 b 4d. South Rhodesian—Ox hinds 145-2101 b Gd, ox loros 145-2101 b 3;fd. < Argentine—Ox hinds 145-2101 b Ggd, ox fores 115-2101 b not quoted. Uruguayan—Ox hinds 145-2101 b ox fores 145-2101 b 3|d. Frozen Beef. New Zealand (second quality Ox hinds 4-gd, ox fores 33d. Australian (second quality) Ox hinds 4Jd, ox crops o|d. The Bank of New Zealand is in receipt of the following advice from its London Office as at the close of business this week. Wethers. —There is little business doing. Ewes. —The market is dull. Lambs. —There is a. better demand. Light weights : Demand is falling off for seconds. Wethers, light 43d to 4|d; heavy, 3|d to 43d. Ewes 23d to 3d. Lambs 2’s 7}d to 7§d ; B’s 7fd to 73d ; 4’s 7|d to 73d ; Seconds 6fcl to 63d. DAIRY PRODUCE IN LONDON. LONDON, November 3. Blitter is steady and quiet. New Zealand, choicest salted 114 s, unsalted 114 s. Australian, salted 110 s, unsalted -Ills. Cheese is quiet ’ and steady. New Zealand, white and coloured, 70s to 70s 6d; Australian, 68s to 68s 6d.

WHEAT MARKET IN BRITAIN. LONDON, November 3. Wheat cargoes are easier, and parcels are steady. Futures are quoted as follows; — London—November 20s 73d per quarter; March, 21s 53d per quarter. Liverpool—December 4s 3|d per cental ; March, 4s 3fd per cental; May, 4s 33d* per cental. BRADFORD TOPS MARKET LONDON, November 3. Business is .small at Bradford, topmakers granting concessions, with delivery instructions increasing. However, the outlook is more optimistic. Merinos—7o’s 27d, 64’s 26d, 60’s 2od. \ Crossbreds—s3’s 22d, 56’s 193 d, 50’s 17d, 46’s 16d (nominal), 44’s 16d (nominal). THE SHARE MARKET. The following sales were made on the Cnristchurch Stock Exchange yesterday:— > LISTED STOCKS.

UNLISTED STOCK. Sale Reported. 100 Ball ins ■ Breweries .. 0 10 5

Sales on ’Change. £ s. d. 200 Com. Bank of Aust. (2) 0 16 10 100 Natl. Ins. 0 15 9 100 Goldsbrough, Mort 1 8 0 150 G. J. Coles (2) 3 19 6 500 f.C.I. (Aust. and N.Z. pre.) (2) 1 2 11 * (3) 1 3 0 ' 200 Taranaki Oilfields .. 0 13 3 200 Mount Lye 11 (2) 1 9 o 100 Mount Morgan 0 9 11 Sales Reported. £1500 N.Z. Govt. 4 p.c. Ins., 1049 (2) 99 0 0 ,100 Natl. Bank of N.Z. 2 10 2