Commercial CITY TRADING

Southland Times, Issue 24833, 27 August 1942, Page 4

Commercial CITY TRADING

Markets For Grain And Seeds Quiet OATS.—Business is now very quiet. The milling demand has been satisfied and there is no shipping inquiry for feed oats. WHEAT.—This market is also quiet. It is expected that some spring-threshed lines of wheat will come on to the market shortly. The fowl wheat market is well supplied. SEEDS.—There is a lack of activity in tile market for seeds, as is usual at this time of the year. The possibilities of export will depend to a large extent on the results of the harvests in the Northern Hemisphere. In the meantime, the market for white clover is a shade easier and values for machine-dressed seed are about 3d per lb lower. POTATOES.—Business in potatoes is practically at a standstill. APPLE PRICES ADVANCED Only small supplies of apples reached the market last week, but this week supplies have been much heavier. Prices were advanced on Monday by 1/- to 3/- a case by the Internal Marketing Department. A shipment of oranges arrived at the end of last week and was immediately distributed to the trade. The quantity received was smaller than the previous shipments. A fairly substantial shipment of Australian lemons arrived at the same time. A shipment of Australian grapefruit arrived yesterday, the first and possibly the only shipment to be received this season. Bananas are unprocurable, but a very small quantity should arrive this week-end. The vegetable market shows no appreciable change from last week. SEPARATOR BUTTER AND EGGS Eggs (ungraded) were quoted yesterday by the Master Grocers' Association at country 1/5 and city 1/6 a dozen wholesale and 1/7 to 1/8 respectively retail. Graded eggs were quoted for wholesale prices as follows: Heavy 1/9. standard 1/7, and medium 1/6 and ducks 1/6. Separator butter was quoted at from lOd wholesale and from 1/- retail, according to quality. BURNSIDE STOCK SALE (P.A.) DUNEDIN, August 26. Lighter entries in fat sheep had the effect of an improved market at Burnside today, this being especially noticeable in ewes. Heavy cattle were easier by £1 a head and medium descriptions were on a par with last week. Baconers were firm at late rates, and porkers were easier by 4/- to 5/- a head. Extra prime heavy bullocks realized £23 17/6, prime £l7/12/6 to £l9/12/6, medium £l5/17/6 to £l7/7/6, light £ll/2/6 to £l2 17/6, extra prime heifers to £l4/12/6, prime £lO/12/6 to £l2/12/6, medium £9/12/6 to £lO/12/6, light £7/12/6 to £9/7/6, extra prime cows to £l5/12/6, prime £9/7/6 to £ll/7/6, medulm £B/7/6 to £B/17/6, light £6/2/6 to £6/17/6. Prime heavy wethers sold to 41/6, medium 35/- to 37/-, light and ordinary 28/6 to 30/6, prime heavy ewes to 33/6, prime 28/9 to 30/9, medium 26/6 to 28/6, light from 16/6. In the store cattle section three-year-old steers made from £lO to £lO/10/-, two and a-half to three-year-olds £9 to £lO/5/-. ADDINGTON” MARKET (P.A.) CHRISTCHURCH, August 26. Competition was keen for store sheep at Addington today, especially for ewes and wethers. Good ewes showed an advance of 1/- to 1/6 a head and medium and inferior were the same as last week. Ewes with lambs maintained their values. The best figure was 31/3 for halfbreds in lamb to Leicester rams. Other pens sold up to 28/3. The highest price for ewes and lambs was 18/6, all counted. Old ewes showed a slight improvement, prices ranging from 12/- to 15/6. The yarding of hoggets included one pen of half bred ewes which sold at 39/6. Others made from 29/- to 32/-. Prices for wether hoggets showed a slight decline, the best being 21/9. Others sold from 11/- to 16//6. The best price for grown wethers was 28//-: others made from 19/6 to 24/9. The fat cattle sale was very keen. Prime steers showed an advance of about 15/- a head and the best of the heifers a slightly lower increase. The best beef made from 44/6 to 46/- per 100 lb, special pens another 2/-, good 41/6 to 44/-, medium 39/to 41/-, secondary down to 34/-. Of the high quality lines, one lot of eight averaged £22 18/3, nine heifers £l5/11/4 and eight steers averaged £22/5/-. Prices for fat wethers showed a slight decline on last week’s values, but ewes showed a rise of 1/- to 1/6 a head. The best price was 51/1 for seven out of a line of 48, which average 48/9. Ewes were in shorter supply and competition was very keen. One truck of southern ewes made from 34/7 to 35/10, averaging 35/-. Another line of two-tooths made 36/10.

LUMSDEN STOCK SALE There was a large yarding for this time of the year at the Lumsden stock sale yesterday. Good prices and keen competition from a large number of buyers were maintained throughout the sale. The top price was paid for a line of two-tooth ewes which sold at 42/-. A line of two and three-shear ewes sold for 35/-, failing-mouth ewes bringing up to 17/3. Wether hoggets sold from 18/- to 24/-. Ewe hoggets, which comprised half the total yarding, were keenly sought and sold at up to 39/-. STOCK EXCHANGES CHRISTCHURCH.—SaIe on ’Change: New Zealand Refrigerating (10/- paid) 9/6; Electrolytic Zinc (ord.) £2/3/-; Broken Hill South £l/1/-. Sales reported: Commercial Bank of Australia (pref.) £9/15/-; National Bank of New Zealand £2/1/6 (2); Westport Coal £l/5/-. AUCKLAND.—SaIes: Commercial Bank 14/8 (2); Commercial Bank (pref.) £9/15/-; South British £3/1/-; Westport £l/5/-: Broken Hill Proprietary £l/17/3; Bycroft £2/6/- (2); Consolidated Brick 7/-; Henry Jones £2/5/-; Union Oil £l/7/6; National Bank of New Zealand £2/1/6; Taupirl £1 3/6; Leyland O’Brien 17/6; McKenzie’s £1 19/-; Bank of New South Wales £29; Union Bank £7; New Zealand Insurance £3/10/-; Farmers’ Co-operative (£5 paid) £4/12/6; Sandford 4/6; Auckland Gas (perp, deb. stock) £7B. DUNEDIN.—SaIes reported: Westport Coal £l/5/- (2); North Broken Hill £2/3/6; National Mortgage (A) £l/18/-. Unlisted: A. and T. Burt (pref.) 17/6. WELLINGTON.—SaIes: Tuesday, 3 p.c. Inscribed Stock 1955 £99/15/-; Wellington Gas (ord.) £l/9/-; McDuffs (pref.) 17/9; Woolworths Ltd. 15/7, 15/6; Smith and Smith (pref.) £l/0/3; McKenzie’s £l/19/-; Woolworths Holdings 18/4. Wednesday, South British £3/1/-; 3 p.c. Incsribed Stock 1955 £99/10/-; Bank of New South Wales £29.