COMMERCIAL NEWS

Ashburton Guardian, Volume 63, Issue 229, 8 July 1943, Page 5

COMMERCIAL NEWS

GRAIN AND PRODUCE. THE ASHBURTON MARKET. Ashburton grain and produce moichauts report a good demand lor chaff and hay since the recent snowstorm, difficulties being, experienced in having stacks cut into chaff. Shipping space is also a problem and merchants are not prepared to sell to any extent unless the freight position cases. The price of potatoes was increased by 10s a ton from July 5. A good demand exists for both seed and table potatoes. The market for all seeds remains quiet but firm. Tho following arc prices quoted to farmers on trucks at country stations, sacks extra unless otherwise stated: Wheat—Tuscan, July 6s 6d. (less Id a bushel deduction retained for insurance compensation). Hunters 6s Sd (less deduction), Pearl 6s lOd (loss deduction), Marquis 7s. Oats—Algerians 2s 6d to 3s, Gartons, A grade 3s 6d, B grade 2s 6d to 3s (nominal), Duns 2s 9d to 3s 3d. Chaff—G.b.o.s., £5 a ton. Ryegrass—Perennial 3s 6d to 4s 6d a bushel, Italian 3s 9d to 4s 6d a bushel, for good farmers’ dressed lines Clover—Rod, 9d to lid per lb; white (uncertified) Is to Is 3d per lb. Potatoes —-Buttons £8 15s, f.0.b.5.i., white and Dakotas £8 os, f.o.b.s.i. The Egg Market. The buying price of hens’ eggs is 2s 4d and the retail price 2s 7d.

ADDINGTON STOCK MARKET.

(P.A.) CHRISTCHURCH, July 8. At the Addington market to-day, owing to snow conditions in the country districts and to tho poor quality ol the yarding, the demand for store sheep was very slack, most of the larger lines being passed in. Best price was 28s Gd for a line of 60 extra good four-year-old half bred ewes. A pen of 70 two-tooth opon-wOolled owes from the same vendor was passed in at 34 s. Medium owes ranged from 15s Id to ‘2os, and inferior from 2s 6d to 9s 3d. The fat sheep entry was about 5200. Quality was good throughout and some outstanding sheep, both wethers and ewes, were penned. The best price fo'wotliors was 56s Id, and there wore other sales of small lots from 49s Id to 555. The highest price for ewes was 44s 7d, and others made from 33s 7d to 40s 4d. Some good class fat lambs met with the usual sound competition, and prices for those did not show any material change. The highest price was 42s Id, a draft of 04 making from 37s Id to that figure. Tho fat cattle entry totalled 500, compared with 547 last week. The quality vas much better than for some time, there being a particularly good showing of prime heavy and medium weight steers and a number of pens of outstanding neilers. Several lines ot Southland and Otago cattle of varying quality were forward. The class of the yarding was good, though many came from stations affected by the recent fall of snow. The market showed an improvement of up to 20s a head for best quality, and up to 10s for average classes. Best beet ranged from 46s Gd to 49s per 1001 b, good prime 43s to <lss, ordinary 40s to 42s and heifer beef up to 445. Little interest was taken in the few pens offered in tho store cattle sale. A pen of yearling heifers made £4 8s Cd, a pen “of Hereford cross calves £2 16s, and another pen of Black Poll mixed sex calves £3 9s. There was a small entry of 56 head of dairy cows. The class of the penning, taken all round, was very ordinary. Values were: Best second and third calvers from £ls to £l7, medium to-,good £l2 to £l4 10s, average sorts of £9 10s to £ll 10s; backward and inferior £5 10s to £S 10s; best heifers, £lB to £2O; good heifers, £l3- 10s to £ls 10s; small and inferior, £5 10s to £B. The porker yarding was again small and quality was poor. Buyers operated at full schedule rates, and a total clearance was effected. Tho chopper entry was also limited and competition was exceptionally keen. The bacon section was tlio largest for several weeks. All good quality pigs sold readily at last week’s rates. The average price per lb was 8d to 8 id. Prices for store pigs wore:—AVeaners, 10s to 17s; small stores, 16s Gd to 225; medium, 26s to 30s ; large, up to 355.

THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yes terday:— LISTED STOCKS. Sales on ’Change.

100 Woohvovtlis (South Africa) 1 o G 12 Dal.C2.oty and Co. ... S 4 O Sales Reported. C'705 N.Z. Govt. 4 p.o. Stock. 1952-05 (2) 105 12 t> 100 Bank of Now Zealand 100 Now Zealand Insur<12 0 0 anco 4 1 0 500 Newton King (prof.) 0 19 0