MARKET REPORTS.

Lyttelton Times, Volume CXXIII, Issue 16034, 14 September 1912, Page 17

MARKET REPORTS.

GRAIN AND PRODUCE. Little business is being: done in grain, at the moment, and there does not appear to bo any immediate prospect of a change. Very small quantities are being offered by growers, most oi the parcels of wheat and oats which have bee n placed on the market during the last few weeks having been of small bulk. The fact that the majority of farmers are very busy in their efforts to overtake arrears may have a good deal to do with the sparse offerings, but there can be little room for douot :hat the number who still hold grain :n any considerable quantities is very small indeed. Ir. some parts of she province spring threshing is being dr.no, and many oi the stacks which were kept for chaff are being put throng!] the mill, which may have tlio effect of increasing the oat supply in the near future, but it is not expected that the volumo will be larcre. The amount of wheat on offer is very small, and prices are firm. Only a limited amount ot business has been dene since last remit, the greater part being between merchants, since the offerings from farmors have been within exceptionally narrow liaisr-s Writing unde’* date London. July 26. “ iWrbohin,” tv-•■•.v-lj-kno-.; n gram export, ha.j f,h ? lowing to sov with rrt<> tb.e uh-.a; '.ifhrgk : - The weath ,-r in *!•» ["• - Kin-dom and Franco h»» bees-, r:. riclik-d. and although probably -r,... rav..nrab?o for <u-;ri- •d’.nre a.* s ' linn if Jho very !.-• •-. cat'-a- n‘ • eck had er.rt i;ru?.d. is not ripe/.. • ‘ho corn a! the same rate as • ■>- •ently the case. . Crop reports generally continue cuenur’if'ing. . In R l.'-ia the weather has turn'd finer, after z further spell of rain, and most advices '■peak favourably of the crop and outlook as a whole, although there are wins districts where the yield will be quite small. The latest reports from the United States indicate a distinctly larger yield than was expected a few weeks ago, spring wheat especially promising an exceptionally emod outturn this year. Some of the private estimates are probably too optimistic, but there is every prospect, with ordinary climatic conditions in the next few peeks, of the American crop being thirty to forty million bushels larger than last year. Receipts at Western points, which up to recently had compared very unfavourably with last year’s exceptionally large figures, are increasing rapidly, and this will, no doubt, soon make itself felt in the “ visible ” supply, which again showed a. large decrease last week. Information regarding the Roumanian crop, received this week, confirms previous reports that the yield will be smaller than in 1911 and 1910, when the outturn was distinctly above tho average. There is little or no change in the crop outlook in other European countries. , In Argentina weather conditions, on the whole, have been favourable, and a full acreage is reported to have been sown. As mentioned last week, some time must elapso before the crops can be considered safe, but a rough estimate, bas<~d on crop conditions at the present time, points to the wheat crop in tho principal countries being somewhat larger than in any previous yoar. There is every probability of the falling off in production of wheat in importing countries being more than made up by the increased yield in Russia, and present indications are for a larger yield in non-European Exporting countries than in 1911. The oat market is short of supplies, but prices are very firm, and there are indications that an outlet could be found for larger quantities than are at present available. The offerings are only spasmodic, and sometimes days pass without parcels exoept of limited proportions being placed on the market. Prices are firm. The potato market has eased very unmistakably since last report, and today there are buyers who are not prepared to offer more than £6 on trucks For consignments. At this price, however, there are virtually no sellers, the current price at which parcels aro changing hands being £6 10s to £7. Recent cablegrams from tho Commonwealth indicate that prices have eased in Sydney, the latest message giving £ll as the top price at which tubers have changed hands. The following quotations are for purchases from farmers, net cash, sacks extra, delivery at country stations:— Wheat—3s Bel to 3s 6d. Oats (nominal)— Gartons Is lid to 2s, Duns Is lid, Danish Is lid. Barley—Malting Is 6d to 4s 9d per bushel, according to quality. Potatoes—£6 10s to £7 per ton. Chaff —60s. Peas —Partridge 3s to 3s Id. • Oatmeal—£l4 per ton. * , _ Flour—The New Zealand Flourmillers Cooperative Association, Limited, quotes the following prices per ton, local or shipping: Sacks £8 10s, 1001 b bags £8 IBs, 661 b bags £9, 251 b bags £9 Bs. Bran £4 IBs, pollard £6 Seeds—Ryegrass, Italian and Perennial 2« 3d to 2* 6d; cocksfoot to 6<3. Dairy Produce Cheeae, dairy, large 5Ja, loaf 6d; factory, large BJd to 6d. Butter, fresh local factory prints Is 3d, second grade pats Is 2d, farm dairy lid to Is. Haros 9Jd, sides Sd, rolls 9Jd, rolled hams lOd. Lard, patß Sid. Eggs, 9d per dozen.