COMMERCIAL

Ashburton Guardian, Volume 66, Issue 272, 29 August 1946, Page 7

COMMERCIAL

THE ASHBURTON MARKET Owing to unfavourable weather, the demand for seed wheat has slackened off, but further orders for peas, barley and linseed for spring sowing are being received, states this week’s report of Ashburton grain, seed and produce merchants. Markets generally remain quiet. Practically all milling wheat has been marketed. A good inquiry exists for Garton oats, but few lines are now available. Perennial ryegrass of high purity and germination, suitable for export, is in good demand. The same applies to red and white clover. Two heavy shipments of potatoes will be made this week to Auckland. This should satisfy the northern demand for several weeks. Sales for next month’s delivery are difficult to make. No orders for seed potatoes are being received. Other markets are unchanged. Range of Prices The range of prices is as follows, all on trucks at country stations, sacks extra, unless otherwise stated: Wheat —Tuscan 7s 5d per bushel Hunters 7s 7d, Velvet 7s 9d, Marquis 7s lid (all f.0.b.). Oats—“A” Cartons 4s per bushel (ceiling price), Algerians 3s Gd to 4s, Duns 4s to 4s 6d. Red Clover —2s 9d to 3s per lb. Lupins—F.a.q., 5s 6d to 6s per bushel. Barley—Chevalier, 5s 6d per bushel. Chaff—G.b.o.s., £9 f.o.b.s.i. per ton. Potatoes —Whites and Dakotas, £8 ss; Suttons Supreme £8 15s (all f.0.b.5.i.). Linseed—F.a.q., £27 10s a ton The Egg Market The buying price for hen and duck eggs this weeks is Is 4d plusi 3d subsidy a dozen, and the retail price is Is 6d. ’

GRAIN AND PRODUCE

ADDINGTON MARKET

MUTTON A SHADE DEARER (P.A.) CHRISTCHURCH, Aug. 28. The entry of store sheep at Addingion to-day was 1448—575 hoggets and 873 ewes and wethers. Buyers did not hid freely. Adult sheep prices were a shade easier, hut hoggets of good quality made last week’s rates. A line of 2- and 4-taoth open-woolled made 35s 3d, and a good line of 6and 8-tootli 30s. Medium sorts made 24s fid to 275, and inferior from 13s fid. Best ewe hoggets made 31s fid to 33s 9d, good 26s 5d to 27s 3d, and medium to 24s fid. Best wether hoggets sold to 22s Id. The fat hogget entry was 341. The quality was high and values showed an advance of Is to 2s a head. Extra prime made to 43s 7d, prime 37s fid to 40s 6d, good 31s fid to 36s fid, medium and light 21s 7d to 29s fid. Ashburton sales were: Est. F. B. Magson (Rakaia), 5 at 32s Id to 37s Id; R. Fletcher (Rakaia), 60 at 26s 7d 1o 34s 7d. The fat sheep entry was 4000 of high general quality, particularly the ewes. The sale opened firmly and values for ewes were 2s a head better. Plain and unfinished wethers caused the market to drag at times. Half way through, ewes firmed further at times to 4s a head. Good wethers were slightly filmed until the last two races when a general easing set in. Ewes then went back sharply to last week’s values and wethers a shade lower. Extra prime heavy wethers made to 57s Id, extra prime 34s to 40s fid, prjme medium-weight 28s fid to 33s fid, ordinary and light 21s to 275; extra prime ewes to 33s Id, prime 23s to 275, medium 14s fid to 225, and light 8s fid to 13s.

Sales included: M. S. Turton (Ashburton), 50 wethers at 44s 7d to 52s Id; S. E. Boyce (Rakaia), 23 at 42s Id to 49s 7d; est. F. B. Magson (Rakaia), 53 at 40s 7d to 47s Id; Mrs F. R. Hood (Rakaia), 58 at 38s Id to 47s Id; E. A. Bland (Mt. Hut-t), 44 at 39s 7d to 43s 7d ; est. H. J. Harrison (Rakaia) 16 at 36s 7s to 43s 7d; Mt. Harding Estate (Methven), 61 at 36s 7d to 41s Id; D. H. Clement (Mayfield), 31 at 39s Id to 40s 7d; H. H. Goss (Ashburton), 28 wethers at 40s Id; A. G. Scott (Mt. Hut-t), 57 at 36s 7d to 39s Id; E. E. Oakley (Rakaia), 28 at 36s 7d 1o 38s Id; D. D. Stewart (Lagmhor), 54 at 37s Id to 39s Id; J. G. McLachlan (Rakaia), 14 at 34s Id to 37s 7d; est. R. L. Stephens (Rakaia), 20 ewes at 28s 7d to 30s 7d; M. M. Curd (Lauriston), 57 at 28s lOd to 80s 4d; W. Massey (Mt. Hutt), 15 at 21s Id. The fat cattle entry of 471 included a big proportion of steers in excellent condition. Heifers and cows were not so plentiful and these experienced a better market than for some weeks. Quality was good but the sale dragged ip the early stages. Steers were down by more than 10s, but the market improved toward the end. There was a firm tone in the buying of cows and heifers throughout. Butchers did not appear to be operating heavily. Best beef made to 60s, good 46s to 545, medium 32s 6d to 42s 6d, best cow to 42s 6d and secondary cow to 365, all per 1001 b. Extra prime heavy steers made to £27 17s 6d, prime £l9 to £22 10s, prime me-dium-weight £l4 to £lB, light £ll 10s to £l3 10s; extra prime heifers to £2O 12s 6d, prime £lB to £l6 17s 6d, medium and light £7 to £l2; extra prime cows to £l9 12s 6d, prime £9 to £ll. 10s, medium and light £7 to £8 10s.

Tiie entry in the porker section was small. All suitable classes met good competition at last week’s rates. The chopper entry was much smaller and values better by £2 a head. The bacon entry was much larger, lightweight baconers not maintaining the prices- reached for heavy porkers. Good quality heavy-weights were 5s to 10s a head easier on last week’s rates. The average price per lb was 9d to 9 Id.

THE SHARE MARKET The following transactions were recorded on the Christchurch Stock Exchange yesterday:— Sales on Change.—Listed stocks: £350 N.Z. Govt. 21 per cent. War Loan, 1953, £9B 10s; £250 N.Z. Govt. 3 per cent. Stock, 1952-55, £lOl 2s 6d; £SOO N.Z. Govt. 3 per cent. Stock, May, 1953-56, £IOO 12s Cd. Sales on ’Change—Unlisted stocks: 800 N.Z. Fisheries, 19s Cd. Sales Reported.—Listed stocks: £5775 N.Z. Govt. 3 per cent. Stock,

L957-G0 (late sale Tuesday), £IOO 6s 3d; 100 Woolworths (Sydney) (ord.), 28s Bd. Sales Reported—Unlisted Stocks: 100 Australian Motorists’ Petrol, 2Ss Gd.