COMMERCIAL.

Marlborough Express, Volume XLVIII, Issue 111, 13 May 1914, Page 2

COMMERCIAL.

•-4» ■ " GRAIN AND PRODUCE

MARKETS

(Christchurch Press, There is a good quantity of wheat offering, and a fair amount of business is being done at quotations. Millers are still in the market, and for prime li'ues will give a little more than merchants are able.to offer m view of the latter having to re-sell. There being no 'surplus to export, prices are keeping firm. There appears to be no prospect .of^any immediate rise in outside markets, as it is generally believed that, .the prospective supplies will be ample for requirements, even although there is- a shortage in India and tne Argentine, the North American winter wheat crop being an abnormally large- one. The oats market shows a weakening tendency. There is likely to be no expont business doing unless cheap freights can be obtained, and local prices would have to come down before business could be done with London. Advice from there states'that quotations received fPt>m New Zoaiancl are Is to Is 6d per quarter above the present London . prices. The local conditions are also tending, to lower prices. For Southland oats merchants are reporting to be offering only Is 7d at country stations for Aggrade Gartons, and' against such a low figure Canterbury merchants cannot compete in the trade with the North Island. ■ I|t is considered, therefore, that Is 8d at country stations is the outside value of A grade oats.

The potato market has further eased, as a large quantity is now being offered on the North Island marked, in cousequence of the heavy purchases in Canterbury during the past three weeks., The price now offered by most merchants is £3 5s at country stations, and even at this figure they are not anxious to do business until the market seems more assured. The Avent weather that has set in will put a stop to digging, but it will scarcely affect deliveries, as the railway sheds in the potato-growing districts are now filled with potatoes.

Red clover is now beginning to be offered more freely. , Although some large yields are rei>ortedj the area under ; the crop this season is said to be not very large. The prices nowbeing offered are 8d to 9d per lb. The under-mentioned are the prices paid to farmers aib country stations, free of commission, sacks extra, excepting where otherwise stated:—

Wheat—Tuscan, 3s' 7d ( to 3s 8d; Hunters, 3s 7id to 3s B^d; Pearl, 3s 8d to 3s 9d; fowl wheat, 3s 4d, to 3s 4id.

Oats—Algerian, Is 7d to Isißd; Danish, Is 6d; Dips, Is 7d to Is 8d; Gartons, Ib 6d to'ls Bd.

Barley—Prime "malting, 3s 3d; medium and inferior, #s 6d to 3s. Ryegrass—2s 6d to 2s 9d for best samples;. Is Gd to Is 8d for inferior. Cocksfoot —Bright' > and heavy samples up to 4fd; average, 3d to 48White Clorer—9d to lOd. ;

Red Clover-^Bd to 9d

Flour—£lo per ton; 1001b bags. £10 10s; 501b bags, £10 15s: 251b bags, £11.

Br.m —£4 5s per ton, local. Pollard—£6 per ton. Oatmeal—£l? per.ton. Oatsheaf Chaff—£2 os for good samples. ■ Onions—£3 15s to £4.

Potatoes;—£3 5s

Peas—Partridge, 3s 9d to 4s,- Blue Imperial (nominal), 3s 6d; Blue Prussiaas (nominal), 3s.

DAIRY PRODUCE.

Tlier is no to note in dairyproduce, supplies being normal, except eggs, which are still scarce. ■ Local prices are'recorded as under: - Butter—Factory, 13d to 14d • farmers' separator, 9Jd to 10-ld • dairy., -9|d to-..10jd. a , C vhe^~ Filcfcol'y' 6&i 6d; loar,. 6-2-d. \ - i Baco?—Sides, did;, rolls, 10id ; hams, 12d. .'.>■' ■ j ' '■ Honey—Extracted. 3d per lb. ' \ Eggs—ls 9d per dozen!

WELLINGTON STOCK EXCHANGE.

[Special to Express.}

WELLINGTON, May 12. .Messrs Harcourt and Co. report as follows: — „

Sales: Wellington Gas 3275, Talismans 36s 3d, 365, Waihis 41s 3d, 41s 7d.

Quotations: Bank of New Zealand spller 3455; .Gisborne Gas, sellers 42.s 6d; Palmerston North Gas, seller 210s-; Wellington Gas (200s paid), buyers 326s 6d; Union Steams, buyer 25s 6d,. (preference) buyer 20s 9d; Kaiapoi .Woollen's (ordinary) buyer 105s; Wellington Woollens (ordinary), buyer 83s; Westport Coals, buyer 29si 3d; Westport Stockton Coals, sellers 3s 9d; Taringamutai Sawmillers, buyer buyer 46s 6d, seller 47s Cd; W.F.C.A. (20s paid), seller 2fis; Boss, seller 4s 9d; Talismans', seller '.ids; Waihis, buyer 41s 6d; Waitangis, buyer Is, seller Is 2d. ■ '