GRAIN AND PRODUCE MARKETS

Marlborough Express, Volume XLV, Issue 185, 12 August 1911, Page 3

GRAIN AND PRODUCE MARKETS

(Christchureh Press, Saturday.) ■ The Sydney Mail of the 2nd inst., after 'reforming to the firming of th? ■wheat .market consequent upon the trouble in Morocco, goes on to say:—: "By Friday, the possibility of war seemed farther off, but the market" was sustained by unfavorable crop < reports from the other side of the, , world. Tims the monsoon we read had failed in India. Germany, and Russia were afllictcd with drought. This intelligence caused isome withdrawals on the part of farmers, and wheat at the beginning of the present ] week was not, offering so freely as it had been doing for seven or eight days; previously.- At the time , further news came as to the condition of the Russian crops, which in i some districts were said to have completely failed, and so great was disi tress that the Russian Government | had ordered the stoppage of exporta- • j tion, Jiad given orders for the disi tribution of wheat at cost price ?1O j the afflicted,, was about to start ret lief works throughout the south- ■ •I eastern portion of European Russia j and. on the Siberian steppes. The | failure may be confined to one corner of the Empire, and in that case the] .'markets'will not stiffen to any great | extent, but should it prevail over the I whole of Southern Russia there is no doubt that its effect on the London market will be io strengthen it greatly. In spite of these reports j exports of wbe;:t from Russia con- i tinue heavy. According to the Herald cablegram received on Tues-j day, they amounted for the week ] ended July 27th to 320,000 quartors. I compared with 280,000 in the previ- ! qug week. Against this orop news j from Russia must be put the heavy! harvest of North America. The; United States, as we sHowed somw | time ©go, is estimated to have a crop j of 730,000.000 bushels of winter and • spring wheat combined, compared j with 695,000,000 bushels in the pre- j ""pious harvest. The estimate of the j Canadian crop has now been made, j and the official figures set it at j 200,000,000 bushels, compared with j 130,000,000 bushels last year, and ! the amount available for export will ' be about 140,000,000 bushels. The j " heavy expoits from North America, j and the fact that France will .lot ! draw to such a great extent as shft | has done in the sensrm now closing, j (iiity in a lary,c HK.-Rsure counter- ! b>alanc« tho i'tiiliirt! of the orop in S Russia. Shiimu-ut* for Europe dur- ! ing tho week \v»re just 1,000,000 •I'.nn-ters. ctinipjired with 1.110,000 in \Uv< prcrioi;:: v-oc k, and' 1,005,000; J MM'H-ters ;,i ti,^ end of July last j Tiiere has been little business doing j in the gram and produce markets i , this week in consequence of the hoK- i days, and practically no changes to ; report. " The undermentioned arc the prices

'■ paid to farmers, at country stations, ! free of commission, except where ' otherwise stated:— 1 Wheat—^Nominal. Milling, Tuscan or Hunter's, 3s 3d to 3s 4d, and Vel- ; 1 vet 3s 4d to 3s od, at country sta- ; tionS. n r-i i Oats—Nominal. Algerian, 29 bd to ;2s 6d. Gartons 2s 4d to 2s 4^d, at country stations. Barley—Nominal. Ryegrass—ltalian 3s 3d to 3s 6d, , Perennial 3s 3d to 3s 6d, at country stations. Cocksfoot—6d to 7d, on Peninsula. •Beans—3s. 3d, at country stations. Peas.—Patridgei 3s 6d to 3s Bd, Blue Prussians 6s 6d to 7s. White Ivories 5s to 5s 3d, at country stations. • Flour—£9 10s per ton. - Bran—£4 15s, local £4 10s, f.0.b., ■ per ton: Pollard—£6 10s per ton. Oatmeal—2s's at £14- 7;s £16 per ton. ; ; Oatsheaf Chiaff—Nominal; 80s, at country stations. Onions—6os, at country stations. . Potatoes-f-¥p-to-Dat«s and Derwents 45s to 50s; Beauty of Hebron and Early i.«os© seed, £5 10s to £6;----other varieties'\of seed, £3 to £7; at' country, stations. ,; Dairy ProduceH-Cheese, factory' ssd, dairy old,, loaf 6d; ... butter, factory Is 4d to Is sd, farmers' sepaseparator Is 2d- . p£sah fw wk mbpi ratdr Is iki, dairy Is Id ; bacon, sides 7Jd, rolls Bd, ham Sid; honey, extracted 3£d per lb, wax Is 2d per lb; 1 lard (paackets), Bd>j fresh eggs, Is *2d .'per doen.