TIMARU CHAIN MARKET.

Ashburton Guardian, Volume XXXVI, Issue 8508, 22 July 1916, Page 4

TIMARU CHAIN MARKET.

(Per Press Association).

TIMARU, July 22

In view of the communications received from Melbourne, quoting flour at £10 2s 6d per ton, f.o.b-., Sydney, and £10 f.0.b., Hobart, it would not appear that the market for wheat is particularly sound. Millers generally, whilst called upon, through not being heaviy stocked, to pay market price for any suitable lines of milling wheat, are in "constant fear of. Australian competition. Unless large quantities can be imported, the trouble will be kept down to the minimum, as 8000 tons of flour only serves the Dominion for ono week. 'Values to-day are much the same as those ruling last week, namely, 4s 8d for Tuscan, 4s lOd for Huntors, and 5s 4d (nominal) for Pearl, all delivered, Pearl is almost unobtainable. The sale of a large line of old wheat is reported at a price considerably above the average for this season's wheat. Fowl • wheat is quoted at 4e 5d f.0.b.5.i., but the demand is not "quite so strong us it was. . Local oats are quoted to-day at 2s 6d on trucks, country stations.. for feed, and 2s 9d for se^i lines. These prices, however, are merely nominal. Oatsheaf Chaff is in good demand at £4 to £4 5s per ton, on trucks, at country stations, with very little offering.

Potatoes arc lower in price, than they were a week ago. Advjee*s from consuming centres indicate great weakness. - Auckland correspondents state, that 'merchants are pushing sales at a loss, as a result of very heavy shipments just landed from C«intorbuj7. To sell to-day to the North Island merchants could not afford to give more than ,C 6on trucks at country stations; but those who are committed to forward -contracts might be abl» to give a little more.