COMMERCIAL NEWS

Ashburton Guardian, Volume 59, Issue 38, 24 November 1938, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Ashburton grain, seed and produce merchants report a fairly quiet week on the local market. There is still a good demand for fowl wheat, dark Duns, and oat-sheaf chaff, but supplies of suitable quality are difficult to obtain. Practically all lines of milling wheat are now cleared up. The Wheat Committee will not accept any further requisitions after December 10. No sales of old potatoes are now taking place, the demand being of a hand-to-mouth nature.

Fair retail business is reported in ryegrass, cocksfoot and clover seed. 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 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 7Jd, feed 3s 3d. Potatoes—Dakotas 30s.

THE STOCK MARKETS.

ADDINGTON

CHRISTCHURCH, November 23. Fat sheep and cattle were again in excess of requirements at Addington today, resulting in a further decrease in price. Vealers and baconers were also easier.

Store Sheep—Although there was a smaller entry, the sale was dull. Wethers particularly were practically unsaleable. Hoggets failed to attract anything better than a weak demand. Values were: Woolly wethers to 20s 6d, young wethers from 13s 2d, wether hoggets to 15s, medium sorts 10s to 13s 3d, ewes and lambs to 16s 3d, medium sorts in the wool 13s to 13s 4d, others from Ss 9d.

Fat Lambs—The spring lamb sale finished on a. range of about 8d to BJd. Most of the good lambs brought about BSd.

Fat Sheep—The entry of about 6000 after the 6500 last week substantially exceeded buying requirements. On an average prices were Is 6d down for both ewes and wethers. Extra prime wethers made to 27s lOd, prime heavy 20s 6d to 23s 6d, prime medium 18s 6d to 20s, light to 15s; extra prime ewes to 25s Id, prime heavy 18s to 20s, prime medium 15s 9d to 17s 6d, light to 11s Od. Fat Cattle—An entry of 530 again exceeded buying requirements. Except for good light-weight steers and heifers the market was down on last week by 15s to 20s a head. Other classes were down by 10s to 15s. A good deal of beef sold about 40s to 42s per 1001 b. Extra prime steers fetched to £9 17s 6d, prime heavy £l6 to £lB, prime medium £l4 15s to £l6, light to £ll ss; extra prime heifers to £l3 7s 6d, prime £ll to £l2 10s, medium £9 10s to £lO 15s, light to £9 ss; extra prime cows to £l3 7s 6d, prime £9 10s to £l2, medium £7 10s to £9 ss, light to £7

Store Cattle. —Hereford cows £5 4s to £5 13s 6d, Black Poll cross two-year heifers at £5 16s, Black Poll cross cows at £7 8s 6d, and 11 at £4 16s; Hereford steers sold at £8 12s to £9 4s, and three-year-old in-calf Black Poll cows and heifers at £lO. A pen of eight good-coloured Shorthorn steers realised £9 16s and seven £8 4s.

Fat Pigs.—The entry in the porker section was large and prices showed very little change compared with last week. Choppers were in medium supply and a shade better in value. Baconers were forward in similar numbers to those of a week ago. Values eased considerably and a very erratic sale resulted. Best class pigs were easier by about 5s and medium and secondary classes by 5s to 10s. Choppers £1 18s 6d to £4 8s 6d, porkers £1 18s to £2 19s 6d. Average price per lb 6;jkl to 7RI. Baconers £3 Is 6d to £4 19s 6d. Average price per lb 6|d to 7d. Store Pigs—Small weaners, 17s to 21s, best 22s to 255; slips, 26s to 38s; small stores, 29s to 325; medium stores, 33s to 38s ; large stores, 39s to 455. Ashburton County Sales. The following sales were made on account of Ashburton County clients at the Addington stock market yesterday : Spring Lambs —On account of G. Campbell (Rakaia), 24 at 22s 4d to 26s 4d ; W. T. Low (Mayfield), 38 at 20s 4d to 24s Id. Fat Sheep—Wethers: On account of R. T. Button (Rakaia), 51 woolly at •23s 7d to 24s 7d ; R. D. Robinson (Ashburton), 147 at 17s lOd to* 23s lOd; R. Hawke (Lowqliffe), 45 at ]7s 4d to 22s lOd ; J. Cocks (EifFelton), 37 at 19s

lOd to 20s 7d; J. G. McLaughlin (Rnkaia), 74 at 17s -Id to 20s -id; .1. 8. Connelly (Rakaia), 10 woolly at 23s 4d tb 25s lOd; James Prendergast (Rakaia), IS at 20s lOd to 23s lOd ; J. F. lluddenklau (Winchmore), 10 at 21s 7d; estate S. G. Holmes i(Metliven), 69 at 20s Id to 21s lOd; G. Farquhar (Mount Hutt), 68 at 18s 4d to 20s 4d ; iD'orrylin Estate (Peiulnrvcfi), 14 at 17s 7d; J. P. McQuilkin (Ashburton), 50 at IGs Id to 18s lOd. Ewes —On account of estate H, Maginnoss (-Methven). 56 at Its 4d to 16s l()d ; C. Campbell (Rakaia), 27 at 13s 7d to 15s lOd : J. G. Wright- (Winchmore), 10 at Pis Id; J. P. McQuilkin (Ashburton), 24 at 12s 7d to 13s 7d; R. Hawke (Lowcliffe). 14 at 10s Id to 16s 10c!; Rakaia client. 72 at 12s 7d to 15s 7d; Hoddlo Bros. (Ashburton), -14 at I'ls 4d to 11s 7cl ; J. S. Connelly (Rakaial, 31 woolly at 16s lOd to 21s Id; T. A. Richards (Rakaia). 61 at 15s Id to 21s lOd ; F. A. Richards (Rakaia), 24 at 16s lOd to 20s Id; James Prendergast (Rakaia), 3 at 18s lOd; C. T. A. Ward (ChyrPiey). 14 at 12s Id to 18s 4d.

Cattle —On account of J. T. Ellis (Hinds), steer at £8 17s 6d, 2 rows at £8 12s 6d to £lO 7s 6d ; A. Ellis (Hinds), cow at £lO 12s 6d : J. IT. Ellis (Willowbv). cow at 06 17s 6d.

THE SHARE MARKET. The following sales were made on the Cnristchurch Stock Exchange yesterday LISTED STOCKS. Sales on ’Change. £ s. d. £2OO N.Z. Govt. 4 p.c. Ins., 1943-46 ... 99 O 0 100 Westport - Stockton Coal (prof.) ... 0 6 9 300 N.Z. Breweries (cum div.) * ... 2 0 0 100 Tooth’s Brewery ... 214 9 200 Wool worths (Sydney), (ord.) (2) 10 9 ICO Mount Morgan ... 0 9 1 100 North Broken Hill 210 2 Sales Reported. £IOOO Christchurch. Drainage Board, p.c., 30/6/38-50 (late Tues) 101 0 0 100 Bank of N.Z. ... 2 1 3 150 Standard Insurance (2) 319 0

UNLISTED STOCK Sales on ’Change. 200 Smith Wvlio ... 0 4 0 0 4 3 SYDNEY WOOL SALES. SYDNEY, November 23. At the Sydney wool sales 12,918 bales were offered and 12.067 sold at auction, and 939 privately. There was animated and strong competition from all sections, particularly the Continent. Greasy merino made to 21 Id.