COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18545, 16 April 1930, Page 11

COMMERCIAL.

CHRISTCHURCH GRAIN AND PRODUCE MARKETS. MID-WEEK REPORT. By Telegraph—Press Association. CHRISTCHURCH, April 15. Offerings of wheat are now slackening off. Apparently “free” growers have made arrangements for the disposal of the remainder of their grain. Quotations are 5/8 to 5/9, on trucks, for Tuscan, 5/10 to 5/11 for Hunters, and 6/1 to 6/2 for Pearl. In some cases wheat not quite up to standard is being sold at Id to 2d a bushel less than the prices quoted above. The market for fowl wheat keeps firm. To-day’s value is 1/10 f.0.b.5.e., equal to 5/5 or 5/6 on trucks. The oat market is in a peculiar position. A very small quantity has been offering this year, either in Timaru or Christchurch. The key to the position is held in Southland, where there have been good oat crops, and fair quantities are available. A fairly large quantity of oats is being bought by Canterbury from Southland for seed, and other purposes. A week ago A grade Gartons for AprilSeptembe'r delivery were quoted at 3/9* f.o.b. at South Island ports, but to-day they are quoted at 3/105 on the same basis, with buyers at 3/10. In view of the fact that so few oats are offering in Canterbury, it is not expected that the price will recede. B Gartons are bringing 3/6 to 3/8 on trucks.

The chaff market is quiet at £6/10/f.0.b.5.i., equal to about £4/17/6 on trucks. Very little chaff is offering. The price of linseed has fallen, owing to the world’s market having declined during the past few months. About two months ago linseed was worth £lB to £l9 a ton f.0.b.5.i., but to-day’s value is about £l6/10/-, equal to £l4/10/- to £l4/15/- on trucks.

Free barley is offering a little more liberally than it was, but there are very few buyers. Malting is worth 4/-, and Cape 3/6 a bushel, on trucks. After a depressing period, the market for partridge peas shows a little more animation, but at a lower range of values. No. l’s are bringing 4/3 on trucks, and f.a.q.’s 3/9. A little export business has been done. The potato market is quiet. The price to farmers for April-May is about £3/10/- on trucks. Prices between merchants are £4/10/- f.o.b.s.i. for April-May-June; £5 for July, and £5/10/- for July-August-September. The indications are for an average out-turn.

There is no inquiry for small seeds, and practically none are offering. A merchant remarked to-day that in a long experience he did not remember such a small inquiry for small seeds at this period of the year. Owing to bountiful crops all round, the bottom has dropped out of the onion market. To-day’s quotation is £2 a ton. With a view to getting quit of some of the surplus onions from Canterbury, a local merchant sold 200 tons to Vancouver. These onions have arrived at their destination, but there is no prospect of selling any mr*.e to Vancouver, as there are big local .applies in that centre. The same merchant has now shipped 800 bags to Montreal on consignment. PLEASANT POINT SALE. The usual fortnightly sale wat, held at Pleasant Point on Monday, there being a fairly good attendance of buyers. Both cattle and sheep were yarded in large numbers, and it was not until a late hour that the final lot was disposed of. Fat lambs were few in number, the trouble at the Freezing Works no doubt being responsible for the exceptionally small yarding. Cattle met with a ready sale, but the clearance of sheep was only fair.

Prices realised were:— Fat ewes.—l 9 at 13/6, 20 at 14/-, 25 at 20/-, 16 at 15/9, 2 at 13/-, 7 at 16/9, 12 at 14/-, 9 at 17s 6d, 18 at 13/-, 25 at 15/6, 10 at 15/7, 39 at 12/-. Fat wethers—23 at 22/6, 8 at 22/9, 33 at 15/-, 14 at 20/6, 8 at 24/3, 9 at 25/9, 25 at 20/-, 10 at 24/-. Fat lambs—24 at 18/-, 12 at 22/9. Store sheep—26 f.m. ewes at 16/9, 37 2 and 4-tooth ewes at 8/3, 43 6 andß- - ewes at 10/-, 99 wethers at 16/-, 66 f.m. ewes at 14/2 176 2-tooth ewes at 25/-, 27 ewes at 4/-. 42 2-tooth ewes at 25/-, 31 wether lambs at 6/9, 72 ewes at 9/-, 102 at 21/1, 68 at 16/4, 38 at 11/3, 170 ewe lambs at 11/6, 86 2tooth ewes 22/2, 102 wethers at 15/6, 11 ewes at 6/9, 242 at 15/7, 150 lambs at 11/-, 40 2-tooth ewes at 18/9, 33 ewes 5/6. 30 at 18/-, 15 ewes at 6/5, 108 at 21/2, 81 at 12/6, 72 2-tooth ewes at 30/-, 141 at 27/6, 150 at 32/2, 88 at 31/1, 50 at 26/-, 4 at 20/-, 24 at 22/-, 3 wethers at 15/9, 1 ewe at 15/-, 54 ewes at 16/-, 111 2-tooth ewes 27/6, 43 ewes at 7/-, 93 at 12/-, 92 at 17/4, 21 at 23/9, 103 at 28/7, 68 at 11/6. 40 at 20/-, 48 at 19/-, 3 at 12/1, 73 at 23/2, 94 at 16/11, 40 at 28/6, 50 at 28/2, 50 at 28/-, 49 at 28/-, 50 at 20/-, 50 wethers at 17/-, 35 wether lambs at 3/9, 27 2-tooth ewes at 21/9, 20 at 21/9, 66 at 15/6, 17 at 25/9, 126 at 24/5, 47 f. and f. ewes at 6/4, 49 at 12/9, 103 ewe lambs at 15/4.

Rams.—l B.L. at £4 4s, 1 at £4, 1 at £2 2s, 1 E.L. at £1 15s, 5 B.L. at £6 6s, 2 B.L. at £5 ss, 1 at £6 6s, 2 Shropshires at £4 4s, 5 B.L. at £2 2s, 1 at £4 4s, 2 at 4£gns, 1 Southdown-B.L. Cross at 22gns, 1 S.D. at l igns, 1 ram at £2, 8 at 2£gns, 1 at £l, 2 at 4£gns, 1 at 3 h gns, 3 at lgn. 1 at 10/6. Fat cattle.—l fat cow at £6 15s, 1 at £6 15s, lat £7, 1 at £B, 1 at £5, 1 at £7, 1 at £7 17s 6d, 1 at £4 17s 6d, 1 at £7, 1 at £5 2s 6d, 1 at £8 17s 6d, 1 at £7 17s 6d, lat £4, 1 at £l2 15s, 1 at £lO 10s, 1 at £9, 1 at £7 ss, 1 at £lO 10s, 3 at £l2 12s 6d, 2 at £l2 2s 6d, 1 at £6 15s, 1 at £9 10s, 2 at £8 12s 6d, 1 at £8 15s, 1 at £B, 1 at £9 15s. Fat steers—l at £7 ss, 9 at £6 12s, 1 at £8 15s, 1 at £7 10s, 1 at £7 2s 6d, 1 at £lO, 2 at £9, 1 at £lO 2s 6d, 1 at £9 ss, 2 at £8 10s, 8 at £7 7s 6d, 3 at £7 17s 6d. Fat heifers—l2 at £6 18s, 1 at £5 ss, 1 at £7 10s, 1 at £5 ss, 1 at £7 12s 6d, 1 at £5 ss, 1 at £B, 1 at £5, 1 at £5 12s 6d, 1 at £3 15s, 1 at £8 2s 6d, 1 at £l2 5/-, 1 at £6 10s, 1 at £6 2s 6d, 1 at £6 10s, 1 at £8 7s 6d, 1 at £9 15s, 1 at £5 12s 6d, 1 at £6 15s. Store cattle.—l 3 heifers at £3 ss, 8 steers at £3 12s 6d, 4 at £6 10s, 2 at £6, 18 at £7 ss, 3 at £5, 3 calves at 33/-, 1 steer at £5 12s 6d, 1 bull £5 7s 6d, 5 steers at £4 10s, 12 heifers at £6, 1 bull at £4 ss, 1 at £3 2s 6d, 6 steers at £5 17s 6d, 2 at £3 2s 6d, 3 at £6 12s 6d, 8 Jersey cross heifers 32/-, 23 heifer calves at £4. 2 calves at 30/-, 1 heifer at £5, 20 heifers at £7 12s 6d, 3 steers at £5 2s 6d, 31 steer calves at £5 2s 6d, 1 springing cow £lO, 2 at £l3 2s 6d, 1 dairy cow £8 10s, 1 vealer at £1 12s 6d, 1 at £1 lCs, 1 at £l, 1 at 12/6, 3 runners at £4 7s 6d, 1 at £3 7s 6d, 1 at £3 15s, ;i at £3 7s 6d. Fat bullocks —1 at £8 10s, 1 at £8 7s 6d, 1 at £6 ss, 1 at £9 10s, 1 at £8 7s 6d, 1 at £ll 10s, 1 at £lO 7s 6d.

CHRISTCHURCH STOCK EXCHANGE. (Special to the “Herald.”) CHRISTCHURCH, April 15. The undermentioned stocks showed changed quotations on ’Change this afternoon:— Buyers. Sellers. £. s. d. £. s. d. N.Z. Govt. Debentures—--4h p.c. Inscr., 1938 97 2 6 98 2 6 4i p.c. Inscr., 1939 97 10 0

THE DAY’S TRANSACTIONS. Sales on ’Change.—Commercial Bank of Australia £2l 10s (2); National Bank of Australasia (£lO paid), £l4 15s; National Bank of Australasia, (£5 paid), £7; Union Bank of Australia, £ll 15s; N.Z. Insurance 45/-; Dalgety and Co., £ll 2s 6d; N.Z. Breweries, 53/-, 53/3 (2), 53/3, 53/4; Staples Brewery, 48/6 (2); Colonial Sugar, £4O; Mt. Lyell, 33/9 (2); Kawarau, sd; Stoney Creek (6d paid), 72d. Sales reported—Bank of N.Z. (cum. div.), 59/-; N.Z. Breweries, 53/3; Staples Brewery, 48/6 (2); Union Bank of Australia, £ll 15s; Quill, Morris, 13/3. THE SHAREMARKET. By Telegraph—Press Association. AUCKLAND, April 15. Sales on ’Change: Commercial Bank of Australia 21/10, National Bank of Australia £l4/12/6, Bank of New Zealand 59/-, New Zealand Insurance 44/6 (3), Pukemiro Collieries 68/-, Auckland Gas 23/8, Kauri Timber 14/-, Staples Brewery 48/6, British Tobacco 40/3, Milne and Choyce (deb. stock) 26/9, Union Soap and Oil 35/-. WELLINGTON, April 15. Sales reported:—Commercial Bank of Australia (ord.) £l/2/- (3), National Bank of Australasia £7/2/- (2), £7/2/6 (on ’Change), British Tobacco Co. (Aust.) (ord.) £2 (4), Kawarau Gold Mining sid, Bank of New South Wales £39.

Banks— Australasia .... 12 5 0 12 10 0 Comm, of Sydney 21 0 0 — E„ S. and A 6 12 6 6 15 0 National of A/asia (£5 paid) .. .. 7 1 0 7 3 0 Natl, of N.Z 6 5 0 — New South Wales 38 12 6 38 17 6 New Zealand (cum div.) 2 18 0 2 18 8 Union of Aust. .. 11 11 6 11 15 0 Insurance— National 0 14 5 0 14 9 New Zealand .. .. 2 4 9 — Standard 2 12 0 2 17 6 Loan and Agency Goldsbrough Mort i 10 3 1 10 8 Dalgety & Co. 11 2 0 11 J2 6 National Mortgage 3 0 0 — N.Z. Guarantee Corporation — 0 8 3 United Building Society . .* .. .. 0 14 0 0 14 9 Frozen Meat— N.Z. Refrigerating (£1 paid) . . .. 0 10 0 0 10 8 (10/- paid).. .. 0 4 6 0 4 11 North Canterbury Freezing .. .. — 0 2 3 Wellington .. .. 0 8 0 0 11 0 Woollens— Kaiapoi (17/- pd.) 0 11 4 0 11 9 Coal— Westport .. 1 ii 7 1 12 3 Gas— Auckland 1 3 6 1 3 9 Christchurch .. .. 1 6 0 1 6 3 Do. (10/- paid) .. 0 12 7 0 12 1 Breweries— New Zealand .. .. 2 13 4 2 13 6 Timaru — 0 15 0 Do. (5/- paid) 0 5 0 0 7 0 Tooheys 1 2 3 1 3 6 Tooths 1 11 6 1 12 3 Miscellaneous— Aust. Distillery .. — 1 1 0 Beath and Co. — 1 7 9 Booth, MacDonald (pref.) — 0 3 5 British Tobacco .. 1 19 10 2 0 0 Colonial Sugar .. 39 10 0 40 0 0 Electric Zinc (ord) 1 6 0 1 6 9 Do. (pref.) .. .. 1 6 6 1 7 5 Holden’s Motors . 0 10 6 0 14 0 Mason Struthers (£1 paid) .. .. — 0 12 11 Mt. Lyell 1 13 8 1 13 11 N.Z. Farmers’ Co.op. (10/- paid) — 0 i 0 Do. (65 p.c. Stock, 1939 and 1940) — 88 0 0 N.C. Co-op. Flour 0 10 0 — Quill, Morris .. .. 0 13 3 0 13 6 Wilson’s Cement . 1 19 0 2 4 6 Mining— Alexander 0 16 6 Kawarau 0 0 41 0 0 9 Mahakipawa . . . — 0 0 1 Cornish Point (9d paid) 0 0 25 —