MARKET REPORTS.

Lyttelton Times, Volume CIII, Issue 12242, 30 June 1900, Page 2

MARKET REPORTS.

GRAIN AND PRODUCE;;.;, . | , The wheat .market has been ini rather an excited state "during the week, owing ti) the; news received by, cable as to the state .of rhe English market, which ' . showed that wheat at Mark Lane had 1 risen to the extent'of 4s per quarter in a very short time. This caused several speculators to send buyers through the country districts, and inore especially in South Canterbury, and. the usual result 'has followed. Farmers who were quite content to take the prices' offering previously have now raised their prices to-such .-an "extent as to forbid business,- and sales," of "Course, have been restricted. - A few sales'of mixed lines 'have been made 6n the basis of 2s 7d f.0.h., and it is.reported that in South Canterbury a line of 4000 sacks of Tuscan, with a little Pearl, Has been taken at 2s 3d f.0.b., at Timam, while several farmers, have declined to sell at less than 2s 8d f.o.b. for mixed parcels. It was generally supposed' that the war in the East would have the effect of causing a further rise, but, unfortunately, cable messages received from London yesterday announced- a drop of Is per quarter at Mark Lane, and this, of course, at . once checked speculation. . Until soma further change ior . the.' better ,-is recorded, Ebusiness is .likely, to rexnainiat a standstill. - In consequenceof the advance in: the'price. o|-,yh6at, .fflfllws .flecKpe to quote floor at” tfe prices yrhiqh. have rilled,,during. the. earlier ,part of'.this, season," and negotiations for. an advance of. from IQs to 20s per ton. Sellers have ■ceased to buy fbr' the' present, and as their' stocks 'are fairly large, they can afford to await further developments in the market. During the past week, about 30,000 sacks of wheat have' been exported to London, and it is understood that a cooperative association has a couple of sailing vessels on the berth at Timaru to . load wlteat. for the United Kingdom, a good deal of space will be available in' the Home steamers from Lyttelton. The oat market is absolutely dead, and although a considerable decline is made in quotations, they must ‘be looked upon as purely nominal, as no business is passing. There is not the quantity offering that was expected, only a very lew prime samples being on the market. Samples of Southland oats which have been offered here cue not up to the usual standard. The C grade is of very poor quality indeed. • In sympathy with the decline in oats, millers have dropped the price of oatmeal to £lO per ton. There are no sales of barley to record, but a fair amount is being shipped to London on growers’ account. Cocksfoot has met a rather batter inquiry for well-dressed parcels, on account of the cheap freights to London by steamers, and, in addition to this, the market has been eased by, large shipments made by" growers on their own account. Derwent potatoes remain in much tile same position, and 37s 6d f.o.b. tor the Sydney, market is the bast price offering, and even at that the demand is limited. Daily produce of all kinds meets a good demand, and cheese -has. advanced Id per pound. Quotations are as follow: Wheat—Prime milling nominal, Tuscan 2s 5d to 2s 6d, Pearl and Hunters 2s 4d and 2s sd, whole fowlwheat 2s to 2s , Id. Gate (nominal) Milling Canadians Is Bd, short feed Is Td to la Bd, Duns and Danish Is 7d. . Barley—Prime Is lOd to 2s 3d (delivered). Flour—Millers quote roller £7, stone £6, sharps £4, "bran £3 10s. Oatsheaf Chaff—47s 6d at country stations. Oatmeal.—£lo. Beans—2s 4d to 2s sd. Peas—Blue Prussian and Partridge 2s 4d to 2s sd. Potatoes —Derwents 22s 6d to 25s 6d at handy • country stations. Onions—22s 6d to 27s fid (delivered). Seeds—Ryegrass, fanners’ lines Is Id to Is 9d for fair and up to 2s 6d for prime heavy farmers’ steed. Cocksfoot, farmers’ dressed lines 2|d to 22d for bright seed to 3Jd for extra good. Cowgraas to 5Jd. White clover, farmers’ lines Cd 'to 7d. Dairy Produce.—Cheese, dairy 4d to sd, factory 5d to old. Butter—Fresh local factory Is, best dairy 9d to lOd, salt, in boxes, 8d to 9d for prime. Bacon and hams s ld to fiid, factory £d per lb higher. The above prices, except where otherwise stated, are those paid to farmers f.0.b., Lyttelton. ASHBURTON. The welcome news that the London wheat market is excited, and that a rise of 4s per quarter has taken place, has had the effect of rousing the local market from its dormant state at last, and merchants have, bought up eagerly all offerings, anticipating a further rise, but farmers who have now held ou so long are not content with the present rise, and are still holding off in most cases. However, a few sales have takenplace on the basis of —Hunters 2s Id to 2s 2d, Pearl 2s 3d, and- Tuscan 2s 3d to 2s 4d on trucks, Ashburton. The stores are all full, and it is expected that a large quantity will change hands, should the market advance to 2s. 6d on trucks. Very few oats are offering, threshing being at a standstill but a huge quantity will probably come forward with the spring threshing. Oats in store are being sold slowly at—Short feed Is 6d, Duns and Danish Is 6cL A fair quantity of chaff is offering, and meets with but slow sale at 45s on trucks, or 47s Cd to 50s delivered in Ashburton. TIMARU. The rise in the price of wheat both in the Home and Australian markets- -h-as -had a very ..good effect here, and. the inquiry fer good lines really exceeds the supply ; at any rate, in the meantime, for farmers are firmly .holding. In consequence .of this, not many-sales are being made, holders expect • .iilg a further rite on the local.market,, m sympathy, with- foreign’ markets. ■ Tuscan and Velvet wheats are quoted at 2s 51 f.0.b., and red chaff at 2s 3d, while primes! samples will command Idi mote. So e ar as oats are concerned, the market is lifeless. There is no sale, -and there are no reliable quotations. The same remarks apply to barley. Potatoes are inquired for at from 30s to 35s f.o.b. OXFORD. There was a good entry of sheep at Oxford on Thursday, but the market was dull, and bidding for most lots was spiritless. Consequently, a good many sheep were withdrawn. The freezing sheep were not as prime as usual, and a considerable drop in prices was the result. Two hundred fourtooth wethers brought 17s 6d, 230 17s, 170 store do 15s 7d, 190 do 14s, freezing wethers from 17s to 18s 9d, store do 12s 6d to 15s 9d, Jat lambs .12s 6d to 13s Id, store do 10s Id to 12s, fat ewes 11s 6d to 16s, aged breed-ing-ewes 7s 6d to 9s 6d. DUNEDIN GRAIN MARKET. [Per Press Association.] ■' DUNEDIN, June 29. Wheat.—The" market is slightly ’firmer. Medium has more attention, and is selling freely at an. advance ou late quotations. Fowl feed is in good request. Prime milling 2s 5d to 2s 6[d, medium 2s 2d to 2s 4d, inferior to medium Is 6d to 2s, sacks in. Oats.—There is no improvement to note. A verv considerable quantity of inferior is put on the market', which can only be placed at low prices. Good coloured feed is easily placed, while prime milling is more difficult to quit. Prime milling Is to Is 6J(d, best bright short feed Is 4[d to Is sd, medium Is 3d to Is 3£d, inferior 9d to Is 2d ex store, sacks extra. Barley can only be placed when bright and well grown. Best malting" lake 3s 3d to 6d, good to best 2s 6d to 3s, medium Is 9d to 2s 3d, feed'and willing extra.’;' "