GRAIN AND PRODUCE MARKETS.

Press, Volume LXVII, Issue 14204, 18 November 1911, Page 6

GRAIN AND PRODUCE MARKETS.

(BY OCR COIIiIKnCIAL EDITOR.) Friday Evening. The "Sydney Mail" says that the ' shipments from Australia to tho ( United Kingdom and the Continent the w«ek before* last were on a scale, 1,480.000 bushels, compared with 500,000 bushels of the previous week, ltussia was tho largeet contributor to the importing countries, with 3.040.000 ; bushels. The crop of the United Kingdom for the harvest just completed is set down at 7,832,000 quarters, and with this as a basis, it is estimated that tho required imports are 25,868,000 quartore, compared with actual imports for the year ended July 31st of 25,981,000 quarters. As to other crops the Italian estimate is now 1,000,000 quarters less than the earlier one, but even the revised estimate- leaves tho crop nearly 5,000.000 quarters above that of IUIO, and makes the import requirements 4,000.000 quarters, compared with 7,800,000 quarters last year. The latest information received regarding the. yields of this year's crops in importing countries making allowance for possible over estimates, points to the requirements being some 15,000,000 quarters less than last year. European crops excluding ltussia, are altogether 18,000,000 quarters greater than last year, and this to a great extent makes up for a deficiency in the crops of Russia - and lloumania. The United States and Canada between thorn aro i oxpeched to ship several million quarters more than last and in this coniKKition it is well to remombcr that the visible American supply last Thursday was over 91,000,00U 'bushels, the largest for some years, and that tho visible supj-y will go on increasing till February. Argentina reports a continuance of general rains, though their effort is variously interpreted, one cable stating that the effect on tho crops will not be good, while others state that the prospects continue most favourable for a very heavy crop. On i)t other hand, there is now no doubt that the exportable surplus of Australia will bo considerably behind that of tho season now closing. Russia as a seller, reports Messrs H. N. Bathgatv and Co. in their latest announcement, still remains in the background, and it is quite evident that the British markets are not going to bo overwhelmed with wheat from that quarter during the current season. At the same timo, it must not bo forgotten that the wheat merchants in South Russia are very clever in marketing their goods, and havo frequently shown that they have both the judgment and the strength of mind necessary to held thoir stocks until prices attain a high level, after . which it is suddenly discovered that a ' largo number of cargoes havo been sold v/hen they were least expected. In India the more favourable conditions continue, and it may bo hoped that she will bo favoured with good -wheat crops.

i he local grain market is still very quiet, there being little of any kind on offer, and holders of wheat fire asking more than buyers are prepared to give. A fairly large quantity of wheat is being shipped Homo by the Athenic and Keniuora. those probably being the last steamers to carry grain at a reduced rate. For the six months ended September DOth, 1.054.252 bushels of wheat were exported. A fair quantity of chaff is being offered, but growers are not willing

Ito accept loss than 00s. at country stations. Potatoes are nominally worth 2,«, at country stations, tho demand being new very limited. ■ ' Tho undermentioned are the prices paid to fanners, at country sUif.ons, ire- of commission, except where otr.erwisp stated:— .... __ Whcat~N\:-ininal: milling. Tuscan or Hunter , * ?** 6d to 3s <d. and \ civet 3s 7d to 3s Bd, at country stations. Oats-Nominal ; Algerian coed lines 2« KW to 2s lid. fe<Hl 2s Sd to 2s 9,1. jGarton 'Js l Jd- to >'s lOd. at country i statiens. I Bari-v—Nominal. _ „. Italian 3s 3d to 3s 6d : j Perennial 3s 3d to 3s 6d. at country i siations. „ . . i CV<-!csfo.ot—6d to 7d. on Penineula. j Hean*-3s 3d. at country stations. I IVrs—Partridge 3s 6d to 3s Bd, Blue i Irnpori.il Cs Gd to 7?. V.Tiito Ivories oe Ito 5s 3d. at country statxms. Flour—£S 10s per ton, 1001b bags £S ! 15s. 50lb £9. and 251 n £9 ;». Bran—£4 15s. local: £4 10s f.o.b. per ton. Pollard—£o 10s per ton. Oatmeal—£ls per ton. Oatsheaf Chaff— Nominal; 90s, at country stations. Potatoes—Nominal; 25s at country stations. Hairy Produce—Cheese, factory 6ld, dairy ojd. loaf 6d ; butter, factory Is t« Is Id. fiirnvrs' separator IOJd, dairy 9.Yd: bacon, sidaj 7Jd. rolls BJd, ham 9(1. ham rolls 9Jd> honey, extracted 3Jd per lb., wax Is 2d per lb; lard (pafkets) SJd. bulk Sd, bladders BJd: frcsli eggs, 9d per dozen.