GRAIN AND PRODUCE MARKETS.

Press, Volume LV, Issue 10060, 11 June 1898, Page 6

GRAIN AND PRODUCE MARKETS.

(by our commercial editor.) Friday Evkntxg. In sympathy with the Home market wheat values in the colonies have weakened during the past fortnight. This week's quotations for Australian wheat are twopence below those of last week. An endeavour is still being made to relieve the market in Victoria of surplus wheat, and the "Australasian," of May 28th, reports that " both the Barunga and the Spica are now on the berth for Capetown to load cargoes of Riverina wheat. The Stuttgart cleared for

Bremen on Monday with 2093 bags. Of Victorian wheat, shipments to be made by the Bracadale this week for London will cover close on 20,000 bags. The Loch Torridon at the moment is loading 1000 tons, the Florence Stella 1200 tons, while the Loch. Yennacher, to arrive, will carry 500 tons. Arrangements are being made for further consignments to South Africa." Locally there is practically nothing doing in wheat. A certain amount could be taken for export north, but the limit of price is somewhat below what holders are asking. Millers are not buying as they stocked largely during ihe recent excitement in the market, and as their output is limited to local and coastwise trade they have sufficient wheat for their requirements for some little time to come. There is now a fairly large amount of wheat being offered by growers, and this, coupled with the temporary absence of demand, has tended to weaken prices, and caused the reaction to be more pronounced than the position perhaps warranted. At the auction sale held yesterday there was very little business done in wheat, and only in a few cases was the reserve reached. Oats are keeping firm but the business doing i 9 of a hand to mouth character.

The advance in the Sydney potato market has caused local buyers for export to advance their limit to £6, and confidence in the future of the market has led to £6 10s being offered for July delivery. Onions have also firmed, and £8 is now the quotation. The New Zealand Loan and Mercantile Agency Company, Limited, report that at their monthly grain sale yesterday afternoon, they offered a catalogue of about 1200 sacks grain and produce. There was a fair attendance of millers and produce merchants, but competition was dull, and many lines were passed in, as the bidding fell short of owners' ideas of values. About 400 sacks were disposed of in the auction room at the following prices, ex store :— Fair milling wheat 4s sd, fowl wheat os 7d to 4s Id, superior oats 2s 9d, good feed oats 2a 7d, oat straw chaff 30s. The following are current prices paid to farmers, f.0.b., Lyttelton, for direct shipment from country stations and free of commission, except where otherwise specified :— Wheat (nominal)— Good to prime quality pearl 4s 9d to 4s lid, Tuscan 4s 8d to 4s 10d, Hunter's 4s 8d to 4s 9£d, seoond quality wheat about 3d lowet. Oats—Prime milling 2s 9d to 2s 10d, good stout feed 2s 7d to 2s 9d, fair short feed 23 6d to 2s Bd, Duns 2s 6d to 2a 7d, Danish 2s 5d to 2s 6d. Barley—Prime malting 4s 6d to 5s (extra choice), feed 2s 6d, Cape 2s 9d. Beans—3s 4d to 3a 6d (scarce). Pbas—Blue Prussians 4s to 4g 6d, partridge or maple 3s to 3s 3d. Flour (millers' quotations)— Boiler £13, s tone £12. Sharps—£s. Bran—£4. Oatmealt—£l4. OAT3HEAF Chaff—7os at country stations. Potatoes — Derwents £6 for present delivery and £6 10s for July ; Kidneys £6 10s, Early Roses £8 (nominal), at country stations. Onions—£B 10s at country stations. Grass Seed— Ryegrass, farmers' lots 2s 6d to 3s, machine dressed 4s to 4s 6d, and extra heavy sliotty seed up to 4s 9d ; cocksfoot., bright 3d to 3|d ; discoloured 2£d to 2&d ; cowpras3 6d to 7cl; white clover s&d to 6Jd ; alsyke, s£d to 6£d. Dajrt Produce—Old cheese 3d to 3&d, new cheese 3£d to 4d, old loaf 3fcd to 4d, new do 4d to 4^d; butter, factory (local) Is 3d, (North Island) Is 2d, dairy Is Id, salt ir. bo'sc.s 10d to Is; bacon t>Jd, do roll 6Jd to 7d; hams Bd.

The New Zealand Farmers' Co-opera-tive Association of Canterbury, Ltd., quote as follows on June 10th :— Wheat—Prime milling Pearl .. 4s 7d to 4s 8d f.o.b „ „ Tuscan (scarce) 4s 9d „ „ Hunter's 4s7dto4sßd „ Oats—Tartars and Duns .. 2s9d „ Good stout teed.. ..2s7dto2sßd ~ Seed .. .. 2slodto3s „ Barley—Prime malting (delivered at maHhouse) ..4s 3d to 4s6d „ Extra choice samples .. 4s 9d „* Medium (dull) .. .. 3s6dto3s9d „ Feed .. .. .. 3s to 3s 4d „ Beans—Old, scarce .. .. 3s 2d to 3a 6d ~ Peas—Prussian Blues .. - 4s to 4s 6d „ Partridge .. .. 3s 3d to 3s 5d „ Ryegrass— Farmers'lines .. 2s 6d to 3s „ Cocksfoot — Fanners' parcels, good bright seed .. 2Jdto3id „ Medium grades .. .. 2jd ~ Dark 2dto2Jd Chaff—Good oatsheaf «. - 703 at country stations Potatoes—Derwents - .. 1153tol2O» Kidneys ~ ... 120s

(press association telegram.) INVEROARGILL, June 10,

The market for produce was easier daring the past week, but without change in values. Oats are worth 2s Id to 2s 2d at country sidings, saqke extra. Wheat ia elightly easier at 4s 36V to 4s 6d, sacks extra. A corner in potatoes was attempted, but buyers were not inclined to give the prices spoken of. The value now is from £6 10s to £7 per ton.