COMMERCIAL NEWS

Ashburton Guardian, Volume 57, Issue 251, 4 August 1937, Page 7

COMMERCIAL NEWS

ASHBURTON STOCK SALE. THE CONCLUDING SALES. The principal concluding sales at the stock market at the Ashburton yards yesterday were: Fat Wethers—On account of Kennedy’s- Estate (Greenstreet), 10 at 265. Store Sheep—46 wether hoggets at 20s Id, 31 ewe hoggets at 27s Id. GRAIN AND PRODUCE. AUCKLAND MARKETS. AUCKLAND, August 3. A firming in potatoes and onions has been the chief feature of the local grain and produce markets since the last report. The southern market firmed in consequence of a further shipment to South America having been arranged, and this has been reflected locally in an advance of 5s a ton. Supplies of onions, both southern and Pukekohe, are becoming scarce, and as a consequence, further advances in price have taken place. A good proportion of the offering now available is of poor quality. However, there should be a welcome improvement both as to quality and price before the end of the month, as the Wanganella, due here on August 20, will bring the first shipment arranged by the Government. These are being quoted to arrive at 12s per 1001 b bag. The pollard position continues extremely difficult. Supplies from local mills are not nearly enough for requirements and merchants report a further firming in the Australian position. The local price has been advanced 5s a ton. Bran is in steady demand at late rates. Wheat values are unchanged at 7s 2d to 7s 3d a bushel. THE SHARE MARKET The following sales were made on the Christchurch Stock Exchange yesterday : LISTED STOCKS. Sales on ’Change.

DAIRY PRODUCE IN LONDON. WELLINGTON, This Day. . The following information is supplied regarding the London markets by the Primary Products Marketing Department, which has received a cablegram from London:—• Butter. New Zealand salted 118 s up to 119 s (last week 116 to 117 s); unsalted 119 s to 120 s (117 s). Australian—Salted 117 s up to 118 s, unsalted 117 s to 118 s. Market steady. New Zealand retail price unchanged, Is 2d. Irish cream—Salted 119 s. Danish—lo4s f.0.b., 124 s spot. Dutch—Salted Ills, unsalted 112 s to 114 s. Lithuanian—Salted 115 s. Market steady. Danish retail price unchanged, Is 2d. Cheese. New Zealand, white 75s (74s to 74a 6d), coloured 72s (71s 6d to 725). Australian—White and coloured, not quoted. Market steady. New Zealand price unchanged, 9d to lOd. Canadian—White 72s to 745, coloured 735, c.i.f. 70s; old season’s white 80s. English—Finest farmers’ 84s to 88s, factory 70s- / to 73s 6d. Market steady.

£ s. d. 200 N.Z. Befrig. (10s pd.) (2) 0 9 6 106 New Zealand Breweries (contr.) 1 14 6 100 Beath and Co. (Is pd.) 0 1 9 800 Broken Hill Propty. (2) 4 2 3 (2) 4 2 4 (2) 4 2 5 (4) 4 2 6 (5) 4 3 3 200 Electro. Zinc (ord., cum div.) ... (3) 2 17 6 2 17 5 150 Electro. Zino (pref., cum div.) 2 18 0 (2) 2 17 11 100 G. J. Coles ... (2) 5 0 0 5 0 6 100 Taranaki Oilfields .... 0 4 11 1000 Argo 0 1 Hi 50 Broken Hill' South ... 2 8 5 200 Mount Lyell (2) 2 3 0 1000 Mount Morgan 0 12 2 0 12 2i 0 12 2 (5) 0 12 4 (2) 0 12 4* 0 12 4 Sales Reported. 100 Mount Lyell 2 3 0