GRAIN AND PRODUCE MARKETS.

Press, Volume LVIII, Issue 11154, 21 December 1901, Page 9

GRAIN AND PRODUCE MARKETS.

(BX OTB COSQiEBCIiU, EDITOH.)

Friday Morning. Favourable reports continue to be received on thfe subject of the autumn sowings in Europe and America. In France, according to "Dorobusch" of November Bth, the appearance of the first-sown wheat and rye was excellent. Hungary advices stated that, with mild and damp weather, the autumn-sown cereals were progressing favourably 1 In Russia, the- autumn-sown crops iiad done well, but rain was wanted, if tlie fall of snow was longer delayed. With regard to th-e United States, the "Cincinnati' Price Current" of November Bthreported as follows: —'"The growing crop of wheat is maintaining a very good condition. Rains during the past week over tne greater portion of th» - winter grjain section were beneficial. The rainfall was only moderate, however, and more is desirable, especially west of the Mississippi River", where etock water is still scarce in many localities. Hessian fly is very widespread in Kansas, but is causing no material complaint elsewh-ere. Considerable, wheat is being fed to live stock in Kansas, a moderate amount in Missouri and Nebraska,but not much in other States."

Argentine advices, cabled to Home papers on November 7th, stated th\ut tbe weather and crop condition in the country districts had further improved- during the •meek. The exports of Argentine..-wheat to Europe this year from January Ist to November Bth, amounted to 29,396,000 bushels, against 69,792,000 bushels for the corresponding period of last year. Wthet&ter the Argentine shipments for 1902 will approach those of 1900 and 1899 cannot yet be estimated, but upon .this point trill depend to a material extent the course of the markets during tbe next few months. Shipments from various exporting countries to Europe from August Ist- to November Ist compare withs those.for the correeponding period of the previous season as follows: -^

-' 1900. 1901. From Quarters. Quarters. United States and Canada 5,763,000 9^70,000 Russia - , -. , .„ 2,843,000, 2,806,000 Dantiibe " ... .J. 1,649,000* 951,000 India ... ... ... ... 421,000 Argentina ■ ... ... 1,135,000 330,000 Australasia k, ... 168,000 290,000 Other countries ... ... 461,000 394,000

Total ... ... 12,040,000 15,062,000 i The total shipments for fchje three months ' show an incrtease of 3,022,000 quarters. - A prominent feature of the interim crop report prepared by our Department of Agriculture is" the decrease of 40,000 acres shown in the area under wheat' this seaeon, tbe total area lor threshing being 165,012 acres, w-hioh will be subject to some further reduction -for crops fed off. It -is too early yet to forecast -what the yield is likely to be, as thfe -weather during tibe next month or two will iiave am important: influence; but, with, the smaller estimated quantity on hand at present, compared with last yean*, it is not likely ■that {here -will, be a- very large 'surplus, .available for export.' The oafcs crop elso shows a stall greater decrease in area for threshing, and also a radtoced quantity on •hand at the pneeeaft time, and consequently the exportable surplus Tvill be considerably. less tads next year.- '■ '• ■ ' ■ The publication -of the report has mob so far influenced -thte local wihiaat market, which is said to fca/ve haft art easier tendency during tbe past few days; ■ This may, however, be date to <&c ; approach of the holidays, and. there' is fiot likely to' be m-udh - business <kme till they are over. There is etill m_ enquiry for' wheat, bnt. buyers, yr&l not save tlSe pride tutted, which . •«j; 9,bou*.3s, f.0.b.., •'-'"•,*-'/" ' -■ iTheTpnbe.'of floor !has r b«aa:;'raieed 6s. per-4oni %n conseqoenoe :of the recent • rise. in' the price of wheat. ' - - In oats there is nothing doing except in ordinary trade lines of-'feed. _ ! '.- 1 CJoCfcefoot, ryegrass, and are being I enquired! for, in consequence, no, doubt, of j A .probable shortage an the crops' this season. •• . _,■•--• , : The following are , cunreni? (prices, paid to ' farmers, f.0.b., .Lyttelton, and free of commission, except, -where otherwise-' speci- "■ '*: - . \ :. ' ! Wiheafc—HimteVe pearl arid velvet 2s 9d, and Tii9caa-2s Xddto'& lid , , f..0.b. - Oate. (.nominal)—2s 3d to 2s 4d, short, feed 2s 3d to 2s 4d, Duns 2s. 4d to 2s sd, and Banish 2s 2d to 2s 3d f.o.b. . ... Barley. {DominaA^Malting. 2s 3d. to, 2s, €d, secondary Is Is 10d, at country' Stations.. " ' ■ ' . ■ ,1 Beans—2s 8d &% 9d, io.b. ..' . . Peas—Nominal. -. • ~■ , Flour quotations) — Boiler £7. SKarps--£4. " Btwnr-£3 10s. Oatmeal—£l3, lo.b. . Hay—%£2-Xos to £&< 16s, delivered. Grass Seed—Kyegrasa, iprime heavy towia3s to Sβ 6d, cocksfoot 2sd *o 2|d, town anaohiiie-diressed 161b to 171b old seed to 3sd, f.0.b., oowgraisa 6d to : 6|d, extra .ohoioe wiite oloyer 6d to Bd, ; .dleliverecL ".*.,..:' : ~■;-..'■., ■'> Dairy factory, 4d, to Aid; dairy ;4d) Jratter, feajbory, local, lid, North leiand 10d, "dairyißd 7 to 9d, sadt (ia boxes) 8d; bacon, ihams; to factory bacon and , hams £d higbeTj f.o.b.