COMMERCIAL

Ashburton Guardian, Volume 68, Issue 140, 25 March 1948, Page 6

COMMERCIAL

GRAIN ApD PRODUCE MARKETS REMAIN FIRM The Ashburton grain, seed and produce merchants report that owing to the proximity of the Easter holidays, merchants are not operating to any great extent. Millers are to receive a further allocation of wheat from Australia during the next fortnight, and it is understood that a small proportion of the shipment will be released for fowl wheat. Oats of all varieties are still in keen demand and supplies are now becoming short. Most crops of barley have now been harvested, and sales are readily made at contract rates. The market for perennial ryegrass is a shade weaker owing_ to the uncertainty of the quantity that will be allowed for export. Short rotation ryegrass of high germination is firm, but no interest is being taken in the market for Italian ryegrass, which remains practically unsaleable. ;S New season’s lupins are readily saleable, but lines of last season’s are neglected. The market for white clover remains quiet. The red clover crop locally will be a short one, but it is understood that an average crop has been harvested in Blenheim. Other markets remain unchanged. Range of Prices The range of prices is as follows, all on trucks at country stations, sacks extra unless otherwise stated: — Wheat —Tuscan 8s per bushel, HunSs 2d, Velvet 8s 4d, Marquis 8s 6d, all f.o.b. (less Jd bush, insurance).

Oats —“A” Gartons 4s 8d per bushel (ceiling price), Algerians 6s 3d to 6s 6d, Duns 6s 6d to 7s 6d, according to 3d, Duns 6s 6d to 7s, according to quality. Red Clover —2s per lb. Barley—Chevalier and Cape 6s 3d (malting), 6s (feed) per bushel. Linseed—F.a.q. £3O a ton, contract. Peas —Partridge 10s a bushel (No. l’s), contract: Prussian blues 12s 6d per bushel (No. I’s). contract. Lupins—7s to 7s 6d a bushel. Price for Eggs The buying price for eggs this week is 2s Old, plus 4d subsidy per qjozen. and the retail price is 2s lOd. Pullets 2s 3 Id, plus 4d. and retail 2s 7d. STOCKS AND SHARES The following transactions were recorded on the Christchurch Stock Exchange yesterday:— Sale on ’Change—N.Z. Farmers’ Co-op., 11s 9d (2). Sales reported: Union Bank, £11; North Auckland Farmers (B pref.), 16s 3d; Dunlop (N.Z.), 18s 6d; Mt. Lyell, 32s 3d.