COMMERCIAL NEWS

Ashburton Guardian, Volume 61, Issue 23, 7 November 1940, Page 9

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Ashburton grain, seed and produce merchants reports a slack period on the local market. Owing to the exceptionally dry weather growers are reluctant to continue sowing rape and turnip crops, consequently retail busines has been curtailed.

Odd orders for chaff and feed oats for North Island shipment are still coming to hand.

There has been a better demand for fowl wheat during the week. Partridge peas for seed purposes are still going out in limited quantities. The following are prices quoted to farmers, on trucks at country stations unless otherwise indicated, sacks extra., free of commission:—

"Wheat Milling, f.0.b., Tuscan 5s lid, Hunters 6s Id, Pearl Gs 3d, Marquis Gs sd. (Final payment of 3d a bushel on all wheat at end of year.) Oats A Gartons 3s 9d to 4s, B Gartons 3s Gd, Algerian 3s 9d to 4s, Duns, dark heavy, 4s 3d to 4s 9d. Partridge Peas—6s 9d to 7s a bushel. No. 1 grade.

Ryegrass—Perennial Gs Gd to 7s, Italian 7s to Bs.

Cocksfoot—Bd to 9d. White Clover—ls 9d to 2s Gd Red Clover—ls to Is 4d. Chaff—£s.

The Egg Market

A heavy demand has made the Ashburton egg market much firmer. 'Prices remain at the same level—buying Is Id, selling Is 3d.

THE STOCK MARKETS. ADDINGTON, - CHRISTCHURCH, November '6. Record entries filled the Addington yards to-day for the double market held prior to*Carnival Week. No fewer than 848 fat cattle and 8000 sheep were penned, a record in cattle and probably in sheep. The demand for both sections continued strongly until the conclusion, sheep being a shade dearer than last week and all but heavy weight cattle practically maintaining last week’s rates. i Store sheep showed a slight increase in entries, mainly ewes and lambs, these selling draggingly at Is 6d a head lower. Nine hundred exceptionally well-fin-ished spring lambs met with a keen sale until the final stages, the average values being IOJd to Is per lb. Practically the Avhole of the 8000 fat sheep were shorn and the bulk wero ewes. Wethers improved by Is Gd a head, making from 37s to 41s for best and down to 34s for medium weights. Ewes made 34s to 40s and medium weights down to 28s. Passings were negligible.

Tlio entry of fat cattle generally was of good quality. Plain station steers were easier by up to 20s a head, and indifferent cows by 10s, but prime me-dium-weight beef was unaltered, ' making from 46s to 49s per 1001 b for best, down to 43s for medium. Prime steers ranged from £l7 to £2O, tops to £24,' and medium weights and best heifers from £l4 to £l6. A long sale varied little in the values paid. In store cattle, Hereford and Herc-ford-\Black Poll cross, rising 2-year steers made from £7 12s 6d to £8 ss. Shorthorn yearling heifers £4 I.ls, good m.s. Shorthorn yearlings £5 12s 6d. Hereford steer calves sold at £3 16s, Hereford heifer calves £3 19s, Hereford yearling steers £4 13s 6d, Hereford cows in calf £5 16s, and Hereford yearling heifers £5 Is. Prices for fat pigs were fully on a par with those of last week for both porkers and baconers. Porkers made from £2 14s 6d to £3 9s 6d (average 7Jd per lb to 9d), baconers £3 9s 6d to £4 11s 6d (average 63d to 73d lb). Store pigs sold as follow: Small weavers 16s to 20s, medium 22s to 255, best to 345, slips 31s to 355, small stores 38s to 425, medium 43s to 48s, large stores 50s to 545, extra large to 39s 6d.

Sales of County Clients. Sales on behalf of Ashburton County clients at the Addington stock market yesterday were as follow: Spring Lambs—On account of 11. RIt. Spence (Lauriston), 5 at 27s 7d to 27s lOd; J. Baxter (Rakaia), 24 at 27s 7d to 31s 4d; R. Fletcher (Itakaia), 15 at 25s 4d to 28s 4d; W. Rushton (Mount Hutt), 18 at 25s lOd to 31s Id. Fat Lambs—On account of T. W. and A. I>. Ferguson (Methven), 18 at 23s Id to 25s 10d; J. B. Ferguson (Methven), 2 at 2«ls 7d to 25s lOd; Shearer’s Estate (Greenstreet), 19 at 23s 4d to 27s 7d; Ashburton client, 28 at 26s 4d to 27s 7d; Kennedy’s Estato (Greenstreet), 38 at 21s lOd to 24s lOd; estate W. 10. Steffens (Methven), 15 at 24s 10d to 30s Id; Ituddcnklau’s Estate (Methven), 26 at 26s Id to 30s 4d; C. (Mordquist (Methven), 13 at 25s 7d to 29s 7d • G. A. Ruddenklati (Methven), 16 at 21s lOd to 25s lOd; J. H. Stone (Methven), 16 at 23s 10d to J>ss Id; George Morris (Rakaia), 45 at 26s /d to 31s 7d; C. C. Holmes (Pakaia), 31 at 21s lOd to 29s 7d; R. Hampton, sen. (Pendarves), 10 at 27s Id to 29s Id. Fat Wethers—On account of George Morris (Rakaia), 25 at 33s 7d to 39s 7d • S. Cross (Newlands), 11 at 38s Id; G. Breading (Rakaia), 15 at 33s 7d to 35s 4d; John L. Connolly (Rakaia), 14 at 23s 7d to 28s 7d; W. A. Palmer (Rakaia), 37 at 24s 4d to 26s 4d; C. C. Holmes' (Rakaia), 21 at 31s lOd to 36s 4d; Shearer’s Estate (Greenstreet), 16 at 20s 7d to 24s lOd; J. C. Irwin (Rakaia), 62 at 29s Id to 36s lOd; S. Richards (Mount Hutt), 38 at 28s lOd to 34s 4d; Rakaia client, 6 at 31s !od. Cattle—On account of W. >S. Strange (Tinwald), 8 steers at £2l 17s Cd to £22 12s 6d; M. Turton (Ashburton Forks), 2 steers at £9 17s 6d; S. Cox

(Lyndhurst), 2 cows at £9 12s Gd to £ll 2s Gd; A. C. Watson (Methven), cow at £l2 2s Gd; J. Thompson Met liven), heifer at £l3 7s Gd.

BURNSIDE

DUNEDIN, November 6

A large yarding of fat cattle resulted in a marked drop in values at the Burnside stock sale to-day. Sheep met with a keen sale, and lambs, with a large entry, eased sharply. The fat cattle penned totalled 404, against 265 last week. Included in the entry were some good consignments of prime heavy bullocks, while medium and light weights wero well represented. Cows and heifers were yarded in bigger number’s than usual and the supply was right up to the demand. Prime heavy bullocks were easier in value by 30s a head, medium-weight bullocks and cows and heifers eased by 20s a head. Extra prime heavy bullocks made to £l3 7s Gd, prime heavy bullocks £lB 12s Gd to £2O 7s Gd, prime medium £l4 12s Gd to £IG 17s Gd, and light and unfinished down to £11; extra prime cows and heifers to £ls 17s Gd, prime cows and heifers £ll 2s Gd to £l2 17s Gd, medium £8 2s Gd to " £lO 2s Gd, light and unfinished down to £5 7s Gd. There was a small entry of store cattle with only one pen of three-year-old steers, which sold to £ll. Boner cows were also forward in smaller numbers, and these sold at late rates. The fat sheep entry was 1481, against 3440 last week. With the advancing season there were more shorn sheep yarded. The sale throughout, was keen. Only a few prime heavy wethers were offered, and these were firmer by 2s a head. Some choice consignments of heavy ewes were also up by Is Gd a head. The sale was a good one, a preference being shown for shorn sheep. Extra prime woolly wethers realised to 49s 3d, prime woolly wethers 41s to 43s Gd, light woolly wethers’ from 33s Gd; extra prime shorn wethers to 40s, prime shorn wethers from 34s to 375, light shorn wethers from 255; extra prime woolly ewes to 40s, prime woolly owes 35s to 375, light woolly ewes from 22s Gd, extra prime shorn ewes to 33s Gd, prime woolly ewes 28s to 31s, light woolly ewes from 16s. The dairy cow entry was small, and there was a good demand, especially for cows close, to profit. Backward sorts wero not in such keen demand. A medium entry of fat pigs met a good demand but at l reduced values. Heavy baconers eased by 5s a head, and light baconers and porkers also cheaper by 3s a head. The large entry of store pigs met slightly easier prices, all grades being cheaper by 2s to 3s a bead.

A large yarding of fat lambs came forward and quality generally was good, although there was a proportion of light and unfinished sorts. From the outset values were easier by 2s to 3s a head, and over the final races there Was a further easing in values.

THE SHARE MARKET, The following sales were made on the Christchurch Stock Exchange yesterday : " >

Sales on ’Change. 1 £ s d 100 Australian Ck>n. Industries 1 19 0 100 Broken Hill Prop. (2) 2 5 6 Sales Reported. - £700 p.c. stock, 1.941-43 101 0 0 18 Bank of New South Wales (cum div.) ... 29 0 0 30 0 0 200 Felt and Textiles (Into sale Thursday) 1. 18 0 175 Felt and Textiles (rights) (2) 0 12 0 4S National Bank of Aus. (£10 pd.)) (cum (late sale Tues.) 12 0 '0 48 National Bank of Aus. (£5 pd.) (cum div.) (late sale Tues) 0 0 0