MARKET REPORTS.

Press, Volume XLIX, Issue 8156, 26 April 1892, Page 6

MARKET REPORTS.

LOISTDON GRAIN MARKET.

The following ia Messrs Cbtambees Bbotheks' Monthly Circular, dated London, 17th March, 1892 :— Since our last report there was at first some alight improvement in the value of home-grown wheats, which, however, during the past few days have shown a tendency to decline again, so that prices may now be noted about the same as a month ago. The last weekly average was 323 lid, as against 33s 2d in 1891. " ...

Wheat—Supplies have been much less plentiful of late, stocks have consequently slightly diminished. Sales, however, have been very limited, buyers only purchasing for immediate requirements. Prices stand rather above those -which prevailed four weeks since for certain descriptions, whilst some kinds are decidedly cheaper. Northern Spring Americans fetch 39s to 403, No. 2 Calcutta 353 6d to 355, whilst fine Melbourne wheats have been sold as low as 42g 6d,,and other sorts are also lower. New Zealand wheats of good quality are very scares. From this we gather that either there are persons who are bound to realise or else owners are getting tired of holding. C.I.F. —The arrivals of wheat cargoes at ports of call stiil continue small. Caiifornian off coast has been sold at from 41s to 39s 3d; Australians on passage have been disposed of at from 40s 6d to about 3Ss j No. 2 Calcutta, April-May, 36s 6d down to 34s Sd, The quantity estimated as due to arrive this woek is about 400,000 qrs. The total on passage is 4,849.000 qrs, 3,489,000 qrs being for the United Kingdom. Flour —The incomings are considered to have more than counterbalanced the- deliveries, and the trade is in a very unsatisfactory state, the business passing being extremely small. Patent Australians have met some little demand at our best quota* i tions, but other grades are neglected. [American patents find a retail sale at very irregular prices, but bakers' quality is scarcely ever asked for. There area few | buyers of good low grades at our quotations, but red dog is not wanted. Oats—NewZeaiands have declined 6d to Is since last month- heavy ones bring 25s 6d to 27s 6dper 3841b5, according to quality j light sorts have supported their value better, and are stiU worth <20s to 22s 6d per .320 lbs.'.'--''

. Beans continue in request. - / Remarks—Although the supplies lately have been below tho weekly requirements, no anxieties are expressed j there is plenty of choice, and sellers appear only too ready to'do-business-when a buyer appears. So long, therefore, as the quantity on passage' continues good, we see little prospect of much improvement in the value of either wheat-or flour, though we do think millers, and dealers may be led, in view of- the present stats of things, to run down-.their.' stocks to a lower ebbthan ifftrudenV as-a rebound must come sooner or later, aad as is usually the case this will happen when least expected. ■/-..■ .::.'--