COMMERCIAL NEWS

Ashburton Guardian, Volume 59, Issue 44, 1 December 1938, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE.

THE ASHBURTON MARKET. Ashburton groin, seed and produce merchants report a fairly quiet week in the local market. The demand for dark, heavy Duns and Algerian oats suitable for seed continues to be strong, but only limited supplies are available. Occasional orders for good bright oat sheaf chaff are coming to hand, but most lines offering are of inferior quality, for Avhich there is no demand.

Fair retail businesss is still reported for ryegrass and clover seed, but the wholesale demand is negligible. 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 Bsd, 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—Dakotas 30s.

STOCK SALES.

BURNSIDE.

DUNEDIN, Nov. 30,

Tough there had not been a market at Burnside for a fortnight, there was not sufficient demand to absorb the exceptionally large number of fat cattle offered to-day, when consignments from North Otago and 'Canterbury swelled the local offering to 480 head, and prices were consequently down. Values were at their best at the start, but as soon as butchers hadi filled their immediate requirements there was a general decline. Extra, prime heavy bullocks made to £24 17s 6d, prime £lB 10s to £2O, medium £l2 10s to £l3 17s 6d, extra prime cows and heifers to £ls 17s 6d; prime £ll 10s to £l2 17s 6d, medium £7 15s to £9 10s, and light down to £5 7s 6d. A largo yarding of stores found a ready sale for the best sorts offering, up to £ll 12s 6d being paid for best steers.

About 2500 fat sheep were offered, including some from the north. Best butchers’ sheep met with the best inquiry, but these were Is 6cl a head below late parity, while other sorts were down by 3s. Prime heavy wethers made to £1 11s Gcf, prime £1 5s to £1 7s 6d, medium £1 Is 6d to £1 3s, light down to 16s 6d; prime heavy ewes to £1 3s, prime 18s 6d to £l, medium to 17s 6d, and light 13s.

About 270 fat lambs were forward, and the number was greater than butchers needed;, with the result that there was an easing in value. Up to £1 8s 6d was paid for the best quality offered, others ranging down to 18s 6d.

Both, fat pigs and stores had a good sale, though values were slightly easier. Baeoners brought to £5 ss, and porkers to £3 10s, wtnle large stores made as- much as £2 5s a head.

ADDINGTON

CHRISTCHURCH, Nov 30,

There was a general easing in values of fat stock at Addington to-day. Fat sheep and ewes came down to a price approaching North Island export values hut wethers are still substantially in advance of that level.

Store Sheep—The yarding was considerably smaller than last week and comprised mainly wethers. Values were: Young adult wethers 14s Id to 17s, wether hoggets 8s lOd to 14s Id.

Fat Lambs—Tho quality of tho spring lambs was fairly good. Prices ranged from 8d to 83d per lb. Fat Sheep—The entry was slightly less than 5000, against 0000 last week. On the average wethers were down Is to Is 6d, and medium ewes practically the same. Heavy ewes were not wanted and were easier than at recent sales by more than 2s. The export rates announced in the North Island had a somewhat depressing effect on ewe prices. Extra prime wethers made to 27s lOd, prime heavy 19s Od to 235, prime medium 17s 6d to 19s, light to 14s 9d; extra prime ewes to 20s, prime medium 14s to 15s 6d, light to 10s. Fat Cattle—There were 450 yarded, against 530 last week. Middle-weight steers eased about 10s, but for heavy

steers and inferior classes the decline was made pronounced. Although the market for beef was well sustained, the yarding was too heavy for this period of tho year, and in the circumstances the demand must be considered satisfactory. A good deal of quality beef sold at under 40s per 1001 b. Extra prime steers made to £l7 2s 6d, prime heavy £ls 5s to £l6 10s, prime medium £l4 5s to £ls 10s, light to £lO 10s; extra prime heifers to £l4 7s 6d, prime £lO 10s to £l2, medium £9 to £lO ss, light to £8 15s; extra prime heavy cows to £l3 12s 6d, prime heavy £9 to £ll 10s, medium £7 5s to £8 15s, light to £7. Store Cattle —The sale was exceptionally keen considering the rather drag-

ging market for fats. Some exceptionally well-bred lines were forward, and for these there was a spirited and sustained demand, lied Poll two-year steers sold at £9 19s, and Red-Poll-Shorthorn cross 18-month to two-year steers £8 8s 6d. Black Poll-Hereford two-year steers made £8 8s 6d, Shorthorn two-year £9 ss, and Hereford twoyear £8 7s. Cows from £4 10s to £5 16s, yearling heifers to £4 2s, and yearling steers to the same figure. Fat Pigs—The porker and fat pig entry was about the same price as last week. Prices were easier all round by 2s to 3s. Baconers were forward in much smaller numbers and eased by ss. Choppers were in fairly heavy supply,

but prices were on a par with last week. Choppers made £2 10s to £5 8s 6d, porkers £1 17s 6d to £2 19s 6d (average 6sd to 7d lb), baeoners £2 17s 6d to £4 14s 6d (Old to 6§d). Store Pigs—There was a smaller entry and a satisfactory sale. Small weaners 17s 6d to 21s, best 22s to .-255, slips 2Gs to 28s; small stores 29s to 325, medium 33s to 365, large to 40s. Ashburton County Sales. The following,,.sales were made' on account of Ashburton County clients at the Addington stock market yesterday : Fat Sheep—Ewes: On account of Joseph Langley (Rakaia), 69 at 10s lOd to 14s 7d ; H. Lamb (Valetta), 30 at 9s lOd to 21s 7d ; M. F. Kingsbury (Wnkanui), 24 at 8s 4d to 17s 7d : W. T. Lowe (Mayfield)., 12 at 9s lOd to 16s lOd ; G. H. Lamb (Valetta), 11 at 14s 10d to lbs 4d ; A. D. Loch head (Rakaia), 14 at 14s 7d to 15s Id ; J. C. Loch bead (Rakaia), 37 at 10s Id to 12s lOd; Moore Bros. (Seaview), 4 at 8s 4d; D. and W. E. Hampton (Methven), 47 at 9s 7d to 14s 7d; A. C. Watson (Methven), 14 at 12s lOd to 14s Id; J. Witheil (Ealing). 8 at 17s Id.

Wethers: On account of ,T. F. Ruddenklau (Winehmore), 60 at 18s 7d to 20s Id; W. T. Lowe (Mayfield), 9 at 17s lOd ; H. Lamb (Valetta), 11 at 17s 4d ; J. C. Lochhead (Rakaia), 4 at 16s lOd ; G. Brand (Ashburton), 62 at 17s 4d to 22s 4d; It. D. Robinson (Ashburton), 43 at 17s 7d to 18s lOd; J. Campbell (Methven), 12 at 18s Id; R. G. Stephen (Rakaia), 6 at 17s 4d. Cattle —On account, of .T, R. Belcher (Ealing), 9 steers at £l2 2s 6d to £l4 12s 6d.

THE SHARE MARKET.

The following sales were made on the Cnristchurch Stock Exchange yesterday :

LISTED STOCKS. Sales on ’Change.

£ is. d. £200 N.Z. Govt., A 1 p.c. Tnser., 1955 ... 98 15 0 10 Colonial Sugar ■ (ex <liv.) ... 47 0 0 100 Electro. Zinc (prof.) 2 7 10 000 Taranaki Oilfields ... 0 9 l 0 9 0 100 Woolworths (N.Z.) (cum div.) ... 0 18 10 Sales Reported. £200 N.Z. Govt,, -1 p.c. Tnscr., 1955 (late Tuesday) .... 98 15 0 300 New Zealand Breweries (cum div.) 1 18 9