MARKET REPORTS.

Lyttelton Times, Volume CVI, Issue 12570, 3 August 1901, Page 2

MARKET REPORTS.

GRAIN AND PRODUCE, Both wheat and oats liars hardened considerably in value in the local market during the past week. In both cases this luvs been due to the scarcity ’’ of offerings more than to any outside cause. Milling wheat is meeting a keen inquiry both for local mills and tor export, and the sale of a large parcel of prime Tuscan at 2s Bd, f.0.b., is reported, while 2s 7d, f.0.b., was declined for a. vety large parcel of milling which w.is on the market, the holder declining to accepb'less than 2s '?i'd. Th,® anxiety of speculators to secure parcels has caused a rife of a- penny per bushel for all classes, and cyem at these rates many holders do not cave'to sell. The principal cause of the activity in the market is, of course, the cheap freights new offering by steamer to London, and the demand is still further .accentuated' % the news that several sailing vessels will shortly be on the coast to load for the Uniied Kingdom for orders. Although no fresh orders have been received for South Africa, and it is generally thought (hat the War Office is purchasing supplies elsewhere, probably in Melbourne, oats show a -'considerably firmer tone, and fire very difficult to procure. ' Fanners in most’ cases '.arc asking Is ,9d at country stations for short, and-Is 81 for long fobd, and even on'this basis supplies are difficult to procure in Canterbury. If there is still a fair supply in'stack in this province it is surprising that at .the prices offering fanners do not recommence threshing operations, more especially as the weather now appears to hy.ro' set in lino' again. In addition tn the steamers now loading on the coaist, the Port Denison will shortly be here to load oats for Durban. It is stated that one merchant has accumulated 2600 tons of oats in his. store at-i Port Chalmers, which will be. shipped to South Africa by a specially chartered, steamer. .In consequence of (he rise, in tho price of oats millers have raised oatmeal by £1 per ton, £ll now being, the wholesale selling price. There .is a. very good demand for all seeds for spring sowing, aiid merchants are how. busy getting out orders. Merchants and growers ideas as to the value of potatoes are not quite in accord, the former declining to give more than £4' at handy stations,: 'whilst holders are asking £4 5s and £4 10s. The best offers from- .Sydney during the past couple of days have been £4 15s and £5, f.0.b., and at this figure local merchants - cannot see their way to give more, than the present quotation. The future of this market entirely depends upon how long Tasmania can continue to supply the Sydney market, and upon this point there is a good deal of diversity of opinion, although (ho Davenport newspapers, which are generally well informed oh the subject,"state- that supplies- there are by no means exhausted. Owing to the high prices of onions -in Sydney there has been a keen inquiry for them here-for yesterday s boat, but there are very few. left in a fit state for shipment, and- the season which has been a very profitable -one for growers, is virtually over.-. Dairy produce of all kinds continues firm. ’ The following are prices paid to fanners by merchants : Wheat.—Prime milling, Tuscan 2s 7d to 2s Sd, Pearl and Hunter’s 2s ixl to 2s C’d, whole fowl-wheat 2s 3d -to 2s Id f.o.b. Oats.: —Canadians Is lid, short feed Is 10a to Is lid, Duns and Danish l/s.9d to Is lOd. Barley.—Prime malting 2z lu to 2s 6d, medium 2s to 2s 2d delivered. Flour.—-Millers quote roller £6 15s, sharps £l, bran £3 10s Gatsheaf Chaff.—37s 6d to 40s at country stations. " ' • Hay.—£2 10s to £2 15s delivered, baled: for shipment £4 f.o.b. Oatmeal.—£ll. Beans.—2s 6]d to 2s 7Jd f.o.b. Peas.—Bliie Prussian 3s 9d to 4s, Partridge 3s to 3s Id f.o.b, . Potatoes.—Derwents 80s at stations. •Seed. —Kyegrass,' farmers' 'lines, Is 6d to 2s for extra good, farmers’ seed, machine-dressed '2s 6d‘ to 3s 3d. Cocksfoot, farmers’ dressed lines 3id to 2Jd for bright seed. Gowgfass 6Jd to 7Jd. White clover, farmers’ lines 7d to Bd. ' ' " ' ' ' ■; Dairy Produce,—Cheese, dairy '4d to 4Jd, •factory 4|d -to ; sd. Butter—Fresh’local fac:tory Is Id, best dairy lid, salt, in boxes, 8d for prime. North Island factory Is f.o.b. Bacon and hams, pjd to 6Jd, factory £d per lb higher. • ; . Tho exports of grain aud produce from Lyttelton for the week included the following lines 14,003 sacks wheat, 1064 sacks and 2060 bags flour, 859 .yacks and 45,498 bags oats, 109 sacks meal, 387, sacks bailey, 100 sacks malt, 555 sacks bran, 225 sacks sharps, ’ 280 * sacks pollard,' 551 sacks chaff, 245 sacks peas, 6 sacks beans, 7718 sucks potatoes, 45 sacks, 6 bags and 168 gunnies -onions, and 56 sacks seed. Thirteen thousand seven hundred; and thirteen sacks bf wheat were cleared for the United Kingdom. Forty-five thousand four hundred and ninety-eight hags of cats were shipped for South Africa. The exports to Australia comprised 129; sacks- barley, 100 sacks malt, 83 sacks peas, 3604 sacks 'potatoes, 84 gunnies onions and 20 sacks ■ ■■ . Tho exports’ for New Zealand ports included 2SO sacks wheat, 1064 sacks and 2060 bags flour, 859 racks oats, 109 sacks ideal, 258 sacks barley, 556; sacks brau, 225 sacks sharps, 280 sacks pollard, 551; sacks chaff, 4114 sacks potatoes, 46 sacks, 6 bags and 84 gunnies onions, 162 sacks sacks beans, and 26 sacks seed. ASHBURTON. During, the past, week wheat has met. ■with a better demand for all-classes. Mill-’ ers are determined to, keep np their stocks while prices axe low, and await an advance, and have, had - to pay slightly higher value? of late, in consequence of the inducement held out- in tho shape c-f 20a freights to London. Hunter’S has met with special de-' maud from millers, while merchants are more 'anxious to secure good lines-of Tuscan for shipment purposes. The market closes firm a, penny a bushel above lust quotations. Among other lines sold here is a large parcel on account of the AYinchmoro. Estate at 2s 3d per bushel in store, Ashburton, free of charges, and another line of 6000 bushels of Tuscan and velvet at 2s 4d ex stores. Quotations are—Tuscan and velvet 2s 4d, and Hunter’s 2s 3d..' The'market for-oats is dull, and very little interest i? shown cither by sellers or buyers. The, Stores still hold a largo quantity awaiting shipment. 'Seed oats are almost unprocurable, arid are bringing very high- prices foi small lots. Quotations are—Canadians Is; Bd, sparrowbills Is 7d, duns Is? 6d to Is' 7d, Danish Is "stl to- Is 6d on trucks- Ashburton, -sacks extra. -Ohaft' is in slightly better demand, and is selling more freely at 40s, -delivered or cm tracks, sacks extra, ; TBIARU. f Holders of both wlibat and oats arc very firm in their demands, and this is'standing ini the way -of business. A l&ir amount oi both, -however,' is being shipped, the bulk, of the wheat going on growers’ account. The following -are quotations: —-Wheat, Tuscan anil ling' 2s 6df per bushel, velvet milling 2s 6d per bushel, red chaff milling 2s 6d per bushel, ex store (sacks extra). Oats —Danish Is'Bd to Is 9d, duns Is 8d to Is 9d, Tartars Is 9d, sparrowbills Is 9d, Canadians Is 9d, on tracks Tlmaru; (sacks extra). Barley—Malting 2s to 2s 3d f.0.b., feed Is- 6d to ls 9d. Potatoes—'Derwents 95s per ton f.o.b. O AMARU. TFroji Qua Spkcial Coxtunsroxdent.j OAM'ARU, Atjgust 2. Owing to specuiaitC'rs' opcrating largely, and also the freight reductions to London and the 'Millers’ Association, raising the price of flour by 15s per ton, wheat bas advanced by Id to 2d -per bushel. One line of 6500 bags, velvet and Tuscan, has been sold At equal ,to 2s 7d f.o.b. (sacks Another line of 8000 hags of velvet, red chaff and Tuscan has been, sold this week at

equal to 2s 8d f.c.b. (sacks also some smaller lines at tile latter price. Farmers are bolding firmly in anticipation of a further advance. Space for London has been booked for some largo lines in store, and will foe shipped by steamer this mOhtfi. Prime velvet and Tuscan is worth 2i3 Bd, red chaff 2s f.o.b (Sacks sj'd). Oats are -in kceii demand. Prices have advanced) by Id to 2d per bushel. AH lines offering are snapped up by exporters, who are busy rebagging for shipment to South- Africa. Holders of good lines are asking 2s. Prime short feed are worth Is lOd to Is lid, Danish ls"9d, dims Is lOd f.o.b. (sacks sjd). " Prime malting barley is scarce, and is nominally worth 2s 6d to 3s. A large quantity of second-class malting is offering, but there , is no demand, and it is worth Is 4d to Is 6d f.o.b, (sacks S£d).' In sympathy with other markets, prices for potatoes have eased. The a,re-a uhder this tuber was much less .thaij. in former ybars, and the yield averaged bnty about three to four tons per acre.. The quantity held is very small compared with former years, and it is expected that pt-ices will recover shortly. Prime Derwents, ex pit, a r e worth £5 to £5 5s f.o.b. (sacks in). | [Per Press Association.] • ! ' OAMARU, 2. Another large wheat transaction is reported here, Messrs Brace, Christie and Co., merchants, of Oamaru, having sold 40,000 bushels of milling velvet; Tuscan and red ;chaff-wheat at tiquai to 2s 8d f.o.b. .Oamaru (sacks; sid). One buyer has purchased 18,000 sacks at equal to this price. DUNEDIN GRAIN MARKET. [Per-.Press Association.] DUNEDIN,. August 2. ■ Oats, —The demand is very keen, and, with offerings sniall, prices have advanced Prime milling Is 10£d to Is lid, best, feed Is lOd, medium and inferior from Is 4d. to Is-Sid per bushel (sacks -extra.)-. Wheat •is in much stronger defaand. Prices have ■advanced all round. Prime - Velvet and Tuscan 2s B'd to 2s medium 2s 6d to 2s 7jrd, fowl‘‘feed from 2s 4d to 2s 5d for best and from Is lOd to 2s 3d for broken, sacks in. RANGIORA HORSE FAIR. At the monthly sale of horses at Rangiont, yesterday,, the entry comprised' 87. The market showed an improved tone for both broken and unbroken draughts, the bidding for some being animated at a rise of from £4 t o £5 per-head; - ’The prices were; Good broken draughts £SB to £4l, medium ' do £2B to £3O; older sorts £lB to £25 ; unbroken do rising three-year-old good sorts £33 to £3B; medium £25 to £3O ; light harness horses £ls to £>18; hacks £8 to £l4; weedy hacks £5 to £6. PROPERTY 1 SALE. At Duvauchelle’s Bay yesterday, Mr, R. Latter submitted by auction the well-, known French Farm Estate, which had been cut up into six farms varying in size from thirty-one -to seventy-two acres,. There was a large attendance of .people from all parts of the Peninsula, and the bidding for each lot was keen,: the pro-. perty averaging £25 10s per acre. The folic-wing are results of the sale: —Lot 1, 43 acres, T. Stilart, £2B per acre; lot 2, 60 acres, with homestead, L. Brocherie, £29 ids; lot 3, 31 acres, L. Brocherie. £29 ss; lot 4, 76 acres 3 roods, M’Dcnald Bros., £25; lot 5, -54 acres. M’Donakl Bros., £2olot 6, 72 acres 2 roods, P. Shadbplt, £ls per acre.