COMMERCIAL NEWS

Ashburton Guardian, Volume 60, Issue 290, 14 September 1940, Page 8

COMMERCIAL NEWS

FRUIT AND PRODUCE. THE ASHBURTON MARKET. Prices at the fruit and produce market at Ashburton on Friday were as follow: Cabbages—4d to 6d. Chaff—6s 6d to Ts 6d a sack. Potatoes—2s a sugar-bag, 6s a sack. Wheat-—lßs, 20s to 22s a sack. Honey—Bd and 9d a lb. Onions—New season’s ljd and 2d lb, 6s Gd to 6s a sugar-bag, Apples—-Delicious 12's, Sturmers 8s to 10s, cookers* 7s Gd. Lettuce—2d and 3d each. Shallots—3d lb. Cauliflowers—ld to 9d each. Carrots—2s Gd sugar-bag. Brussel Sprouts—4d lb. Parsnips—2s 6d a sifgar-bag. Swedes;—3s Gd per bag. GRAIN AND PRODUCE.

CHRISTCHURCH MARKETS (Per Press Association). CHRISTCHURCH, This Day. The potato market in Canterbury is virtually at an end. North Island merchants have informed Christchurch merchants that with potatoes bought earlier and not yet delivered, and stocks on hand, they have sufficient supplies to see them through until the new crop comes on to the market, which is expected to be about the middle of next month. Hopes that a market would be found in South America to help growers dispose of at least some of their surplus crop have not been realised. An inquiry was received in New Zealand from South America for 7000 tons. The price was favourable, and suitable arrangements could have been made about payment, but it is. reported that all efforts to secure freight have been unsuccessful.

The Wheat Committee has' fixed the final date for acceptance of 1939-40 wheat at November 30, and any grower ,whose wheat has not been received by that date cannot market it at this season’s, It is estimated that about 300,000 bushels out of New Zealand’s 8,000,000 bushels have yet to be marketed.

Chaff, of which there is a fair supply with no demand, has shown a weakening tendency, the nominal quotation being £o a ton, but other produce and seed markets are unchanged. The following are quotations to farmers on trucks at country sidings, unless v otherwise indicated:

lid, Hunters 6s 3d, Pearl Gs 3d, Marquis 6s sd. Final payment of 3d a bushel on all wheat at the end of the year). Oats—A Gartons 3s 9d to 4s, B’s 3s 3d to 3s 6d; Algerians 3s 6d to 3s 9d; Duns 4s to 4s 6d, according to sample. Ryegrass—Perennial and Italian 69 to 7s, according to sample. Cocksfoot—9d (nominal). White Clover—2s to 2s sd. White clover—2s to 2s sd. Red Clover—ls to Is 4d. Partridge Peas—6s 9d to 7s. Chaff—£s (nominal).

Barley—Malting, ex stack, 4s lOld, e* stook 4s 7|d; Cape, 4s to 4s 6d; black, 6s to 6s 3d. sacks extra. Linseed—f.a.q. £25.

DUNEDIN. (Per Press Association). DUNEDIN, September 13. Farmers in Otago are still sowing spring wheat and lajrge quantities of seed are being delivered to the country from stores in Dunedin. Stocks in stores of last season’s milling wheat have now been cleaned up, but there is still a fair quantity of fowl wheat available. Oats are meeting with a good demand from all quarters and values remain unchanged. Chaff remains on the slow side and most of ' the business is in small lots at round about £7 a ton. The potato. market continues in a stagnant condition and there are no signs of any outlet being discovered for the heavy supplies available. A further 5000 tons of New Zealand potatoes which' are being permitted to enter Australia, have been shipped, and another shipment is to be made, in October. These potatoes have to be specially graded and packed in new bags. They are sold from New Zealand at £4 15s a ton, f.0.b., s.i., and Auckland merchants, in view of the heavy supplies available, are finding it difficult to do business on. the basis of the arranged price between merchants of £3 17s Gd a ton, f.0.b., s.i. It would sc J ?m that this price will shortly have td he reconsidered. Cood germination ryegrass continues in short supply, but low testing lines are plentiful and slow of sale. An occasional order for cocksfoot from overseas is being fulfilled and the market should remain firm until the new season’s crop comes to hand. There is not the same inquiry from England for white clover, but the market remains firm.

THE SHARE MARKET, The following sales were made on the Christchurch Stock Exchange yesterday ’ Sales on ‘Change.

Sales Reported.

£ s tl 50 South Brit. Insurance - 10' 0 1

200 Broken Hill Proptv. ... 2 5 0 o 5 6 140 Burns Philp ' 2 12 0 200 I.C.I. (Aust. and N.Z., pref.)’(late Thursday) 1 4 4 100 New Zealand Breweries 1 15 0