NEW ZEALAND GRAIN IN LONDON.

Press, Volume LXV, Issue 13596, 3 December 1909, Page 9

NEW ZEALAND GRAIN IN LONDON.

Our London correspondent writes on October 22nd that enquiry for New Zealand -wheat is limited, but in view of the moderate quantities now available slightly higher prices are being asked. Messrs Weddel give quotations to-day as follows:—Longberry 38s to 395, Shortberry 37s 6d to 38s 6d per 4961b. The cargo of 11,171 quarters of New Zealand wheat per Annesley, off coast, was sold at 38s 6d per 4801b c.i.f. The average price last week or English wheat was 31s 4d per imperial quarter; this price marked a decline of lOd per quarter from the previous fortnight, but was 3d per quarter higher than at tho same time last year. Recent heavy arrivals of oats from New Zealand—a considerable portion of which came forward unsold until after being landed—have proved more than the market could absorb, and values are again lower for all descriptions. Messrs Weddel state that sales of Cartons are not easily made even at 20s to 225, Sparrowbills realised only 19s 6d to 21s, and uuns are offered at 18s Gd to 19s, with Danish at 18s to 18s 6d per 3201b. The unsatisfactory condition of homegrown peas, and moderate supply all j round, makes the market very firm, | and to-day's quotations for New Zealand Partridce and Tasmanian Maples are 45s to 49s per 5011b. During the past fortnight the following vessels have arrived from New Zealand with grain :—The Kumara, with 45,465 sacks of oats, 235 sacks of barley, and 1078 sacks of seed, from Auckland ; the Tongariro bringing 5423 sacks of wheat, 7574 sacks of oats, 10,£91 sacks of barley, 'and 221 sacks of peas, from Timaru, etc. The National Mortcage and Agency Company remark that arrivals of oats have continued on a large scale, both from New Zealand and the Continent, bnt Tallies have been fairly well maintained. The best quality heavy New Zealand oats meet with a good demand nt 21s to 22s per 3201b ex store, while 19s Gd per 3201b c.i.f., is the value of A grade Cartons by steamers on passage. The second quality oats meet with tho most competition from Germans and Russians, and can only be sold at ls to ls 6d per quarter reduction compared to the A qualities. Beans are scarce; there is a demand for New Zealand descriptions landed, and these are firmly held. Cocksroot has advanced during the month, and is firmly held in Now Zealand. A fewsales have been made in passage parcels at up to 67s c.i.f., for 16-1 Hb. American seed is obtainable at 3s to 4s less money.