OVERSEAS MARKETS.

Auckland Star, Volume LXII, Issue 148, 25 June 1931, Page 4

OVERSEAS MARKETS.

CANADIAN WHEAT OUTLOOK. OTTAWA, June 23. The Dominion Bureau of Statistics has issued a summary of the outlook for grain, on the instructions of the Minister ot Trade, Mr. H. Stevens. This states that, without discounting the unfavourable factors, the present situation is more encouraging than for some months. The low European wheat stocks, the decreased acerages in many countries, and the unfavourable crop prospects in North America arc factors which might bring about an increase in price. Depressing factors are the huge stocks in Canada, the world depression, reduced buying power, the self-sufficiency _ of European importers, the large American winter wheat crop, the sharp falling off in the export demand this month, and the uncertainty of the Russian situation. During the week ended to-day the crop prospects in Manitoba and Saskatchewan suffered a further retback, owing to the unfavourable weather, while those in Alberta improved.

CHICAGO WHEAT VALUES. (Received 10 a.m.) CHICAGO, June 24. Wheat for delivery in June is quoted at 66% cents per bushel, for delivery in July at 58% cents, for September delivery 59'/& cents, and for December 63% cents. FRUIT IN LONDON. LONDON, June 24. The Somerset's and Port Hobart's New Zealand apples sold as follow: —Jonathans, Delicious and Cleopatras, 11/ to 14/ per case; Scarlets, 11/ to 12/; Stunners, 10/ to 11/0. New Zealand pears: Bundles, Winter Nelis, 13/ to 15/. Trays, Cornice, 7/ to 10/. Half-cases, Winter Coles, U/. DAIRY PRODUCE. The New Zealand Loan and .Mercantile Agency Co. has received the following cable from its London house, dated Juno 24: —Butter: 108/ to 110/ per cwt. Market very slow, owing to European supplies. Cheese: White, 03/ per cwt; coloured, 56/. Market slow. The New Zealand Producers' Cooperative Marketing Association, Limited, to-day received a cable from their London olhce, dated June 23, as follows:— Butter. —Quiet. New Zealand, 108/ to 110/; Danish, 115/ to 116/. Cheese. —Quiet. White, 52/ to 54/; coloured, 55/ to 57/.