COMMERCIAL

Press, Volume LXXV, Issue 22802, 30 August 1939, Page 15

COMMERCIAL

(CONTINUED FROM PAGE U) WINNIPEG WHEAT PRICES COVERING ORDERS DELUGE ' MARKET ARGENTINA, SELLS TO JAPAN AND ENGLAND CUJUTBD PSZSS ASSOCIATION—COPTBIGHTJ (Received August 29, 5.5 p.m.) MONTREAL. August 28. A flood of covering orders deluged the Winnipeg wheat pit pushing values up more than four cents before operations slackened, reducing the day’s gains to 2| cents. The resumption of a buoyant trend followed the sharp break on Friday and Saturday in which values fell 5J to 43 cents. The Associated Press of America reports that the Argentine Wheat Board sold 500,000 metric tons of its surplus in the last few days, half to Japan and the remainder to Europe, presumably to England. Argentine wheat exports since January 1 this year are reported to have totalled 3,022,000 metric tons, leaving a surplus at present of 3,000,000 metric tons. A message from London- says wheat cargoes are slightly dearer. Parcels are not quoted. Futures are quoted:— London—August 23s 2d a quarter, November 22s lid. Liverpool—October 4s 14d a cental, December 4s l|d, March 4s 2Jd. Chicago—September 683 cents a bushel, December 68|, May 69|. PRODUCE AND GRAIN POTATO MARKET QUIET . The potato market in Christchurch is' quiet, with quotations to farmers little changed from those ruling at the close of last yeek—that is, between £ls 10s and £l6. Little business is being done. An official report from Auckland says that ample supplies are held by merchants there and the Kiwitea arrived with further supplies on Monday. A small shipment of Californian potatoes is due to arrive in Auckland by the Mariposa on September 1, and larger supplies are scheduled to arrive by the Aorangi , Quotations The president of the North bury Grain, Seed, and Produce Merchants’ Association supplies the following quotations, prices named being to farmers on trucks at country sidings.' unless otherwise indicated:— / ; Wheat—Milling. f.0.b., Tuscan 5s 10Jd; Hunters 6s 04d; Pearl 6s 2sd. (Final payi-ient of 3d a bushel on all wheat at the end of year.) Oats—A Gartons 2s 7d to 2s Bd, B Gartons 2s 4d. Algerians 3s to 3s 6d, Duns’ 3s 6d to 4s 6d. . Ryegrass (good germination)— Perennial up to 5s 6d' (nominal). Italian up to 4s to 4s 6d (nominal). Cocksfoot—6d to 7d (nominal). White Clover—ls to Is 3d. per lb. Red Clover—Old season’s, 4d to 6d per lb; new season’s., 7d. i Potatoes—£ls 10s to £l6 a tom Onions—£lß a ton. . Chaff—£4 to £4 5s a ton. ; Barley—Malting 4s 7Jd, feed 3s to . 3s 6d a bushel, according to quality. Bran—Large £4 15s, small- £5 ss. Pollard—Large £6 5s a ton. small £6 15s. ■ - ' STOCK SALES ASHBURTON A small yarding at the Ashburton maryet .yesterday made a, keen demand for fat stock and a goodtUncrease in values was shown. The quamy of stock entered was only moderate, but the best ewes showed an • increase of more than 4s a head compared with, recent sales. Top price.was 26s 4d for a pen of four sold on accoimt of J. Gregory (Seafield)., The best price of the sale was 26s lOd paid for five wethers entered by F; J. Hydes (Spreadeagle). The principal sales, were as follows: Fat Ewes—On account of J. Gregory '(Seafield),' 12 at-20s 3d to 26s 4d; estate J. P. Blee (Ashton), 6 at 20s Id; to 23s Id; S. W. Lilley (Greenstreet), 9 at TBs XOd to 23s 7d; J. W. McKergow : (Ruapuna), 20 at 10s 4d,to 18s 10d. : v, : . Fat Wethers—On account of F..J. : Hydes (Spreadeagle) , 15 af 23s ; lOd to' 26s 10d: James Bruce (Seafield), 22 at 20s lOd to 24s 4d: clients, 70 at 13s lOd to 255" Id. RANGIORA There were very good yardings of pigs and cattle ,at the Rangiora sale yesterday, and priced were good. Values were:— ' Cattle— Good springers, £8 to £lO ss, old springers. £3 to £6, springing heifers £6 10s to £ll 12s 6d, Friesian store bullocks £7 Is. Pigs—Baconers 53s to 61s, porkers 46s to 48s ,6d. forward stores 30s to 355, best weaners 17s 6d to 21s, smaller weaners 12s to 15s 6d, rough weaners 4s to 7s. . ’ Sheep—Ewes and lambs 8s to 13s 6d, all counted. LORNEVILLE INVERCARGILL, August 29. An extra big yarding of fat sheep at Lorneville to-day included a much bigger proportion of wethers than usual. Some very good quality ewes and wethers were yarded. Because of the big entry values were easier by Is to Is 6d a head. Prime heavy wethers made 34s to 36s 6d, prime 32s to 335, good quality 29s 6d to 30s 6d, medium 27s to 28s, light 25s to 265, extra prime young ewes to 26s 6d, prime heavy 24s to 255, good quality 21s 6d to 22s 6d, medium 18s to 19s 6d, light 16s to 17s, unfinished down to 11s. The fat cattle entry was double the size of the yarding. last week and comprised mostly cows. Compared with the-rates ruling last sale, values all round were £1 lower. Prime heavy-weight bullocks made to £l6. good quality £l3 10s to £l4 10s, prime handy-weights £lO 10s to £ll 10s, light-weights £9 to £lO, prime heavy cows £ll to £l2, good quality £9 10s to £lO 10s, medium £8 to £8 15s,' unfinished £6 10s to £7 10S, prime handyweight heifers £9 10s to' £lO 10s, lightweight £8 5s to £9, small £6 10s to £7 10s. TALLOW AND HEMP HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following cablegram from the High Commissioner for New Zealand, London, dated August 251Tallow—Market continues quiet. Present spot quotations are:—Mutton: fine 21s to 225; good, 20s; fair, 15s 6d to 16s. Beef: fine, none; good, 16s 6d; fair, 15s to 15s 6d. Mixed: good, 17s; fair, 15s to 15s 6d; gut, 16s 6d. Mutton, dark to dull, 17s 6d. Beef, dark to dull, 16s 6d. Hemp—Manila: Market firm and steady, shippers offer sparingly. ’ K grade sold August/October shipment £l6 10s. Sisal: Market firmer at the close. Prices are advancing. Small business reported. September-Novem-ber shipment sold UP to £ls 15s.