GRAIN AND PRODUCE MARKETS.

Press, Volume LX, Issue 11749, 25 November 1903, Page 9

GRAIN AND PRODUCE MARKETS.

(BY OCR COUMEJtCUL EDITOU.) Tuesday Kvening. A private cable advice has been revived to the effect that wheat ha* advanced in London 6d per quarter. This will probubly influence the Australian market, in view of th© fact that there is expected to tx> a large surplus for export, but is not likely to have mucb effect here, except, perhaps, to give some of the large holders more confidence. The general tone of tli© local market, on the ether hand, lias weakened during the past few days, and prices that were refused laat week would now be accepted, but buyers hay© again lowered their limits. In view of the present unsettled ?<tate of th© market quotations can only be looked upon as nominal, but th© tales to local millers of a mixed lin© at 3s 2_d, at country station, snd 300 bushels of pearl, and 100 bushels cf Tuscan, at ss, ex store, Christchurch, show how rapid the decline has been. The market is also weak in Dunedin, and it is reported that th* flour market is also disturbed, owing to the competition of Canterbury brands, which are offering, for 80's, at 10* to 15s per ton below Dunedin rates. There ha* been some speculation in long oata, probably for shipment, and a considerable quantity has been bought at Is and Is Id, at country stations. The Rippingham Grange, th© first steamer of the combined line to sail for South Africa nnd London, i* expected to arrive next week, and will "carry oats to London, at S!ss per ton. It is said that she will take it fair quantity, and that other steamers will take oats at the -am© freight.

Our Southland correspondent write*:—* "Tho oat* market still remain*, without any change for the better; in fact, it is worse, if anything, a* 'the prospect of any outside market doe* not seem to be within night. Th* next steamer for (South Africa is expected to take a considerable quantity I'rom the Bluff, but after that all is doubt and uncertainty. Tho only outlet will be tlie United Kingdom, if ruling freights permit. Quotations for feed oats remain as befor* at 1* to 1* Id, ot wayside stations, but even at these prices buyer* are few. Discoloured and inferior oat* are, at tlie present time, a drug in the market, and ifor them no quotations can be given. During the tveek tnere were shipped lo Melbourne 1300 sacks of oats, and northubout 160 sacks." Potatoes are without alteration, prices 'being nominal, as quoted. Tho following are current prices paid to llarmers, free of commission, except where otherwise specified: — Wheat (nominal). Oats (nominal)—-Heavy Canadians Is 4d to Is sd, short feed Is 3d to Is 4d, Duns nnd Danish. 1* to 1* 2d, at country stations. Barky (nominal). Flour {millers' quotations)— Roller, £9 {is per ton. Pollard—£3 10s. Bran-£3. Oatmeal—-£9,

Cocksfoot—lotb seed, 3d; 111b, 3d to 3Jd s 121b tft 131b, 3_d to 4d; 141b, 4d. White Clover—Superior Gd to 10d, good 8d to 9d, inferior 6d to 8d per lb. Cowgrass—Extra good 7Jd to Bd, lower quality 6d to 7d per lb. Oatsheaf Chaff—£2 to £2 2s, at country stations. Potatoes (nominal)—Derwents, 20s to 255, at country stations.' Dairy Produce—Cheese, factory, 5Jd to 6d; dairy, 6d to s£d; loaf cheese, 6d to 6sd; butter, factory, local, 104 d; North Island, lOd to lid, f.0.b,, Wellington; farmers* separator, 9d to lOd; dairy, Bd to 9d for prime; ealt (in boxes), 8d to 9d; bacon, 7id to B£d; hams, B£d to 9_d, f.0.b.; eggs, B_d per dozen.