LONDON GRAIN MARKET.

North Otago Times, Volume XXXV, Issue 7266, 14 October 1891, Page 4

LONDON GRAIN MARKET.

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gresB, there has been no opportunity of carrying the out grain, and large quantities have beea levnrely damaged through exposure to the loolement weather. The aspeot of aftairs on tht Continent is also far from eatisfactory. Aocording to the most reoent advioes, tho yield in France tnuBt be muoh below tbe avenge in qaantity; and the portion already reaped consists of thin giain, more or lens damp and weathered. SiiniUr reports are to hand from other European countries. In Russia, tho paitiat failure of the rye crop and the heavy purchases of this cereal for Germany led to the issue, on the 11th ultimo, of an Tan penal ediot prohibiting the export of rye after tbe 27th idem. i Amerioan advioei, however, are ' more reassuring ; the bulk of the crop [ has been scoured iu good condition, and I it is ebtimated ib»t there will be a surplua of fully 25,000,000 quarters available for export, The spot market opened ctronger, and the exoitod state of the American and Continental markets, oombiued with tho unfavorable weather, brought abuut an improvement in tho demand both for the Continent and the United Kingdom. Prioea rapidly hardened, the imperial averages reoorded during tbe paet four weeks being respectively 304 4d, 39a 83, 40« 3d, and 40a lid per quarter. New Zealand wheat on tho spot proved ready of Bale and values advanoed 2i Cd to 3a per 496 lbs,, while Australian met an aotivo demand, celling at quite 2« Cd per 496 lbs. higher than at the date ot our last isiue. During the last few days an easier feeling has supervened, tho Continental demand has become lets active, and millora here seem disposed to wait for further developments before oommitting them* selves to large purchssop. The o.i.f market opeued Bleady bub owing to the improved demand consequent on the recent unfavorable conditions a rapid improvement took placa, Four New Zealand oargoei (two being re-anlee) have been disposed of " off coosc " at prices ranging from 40i to 42i per 480lbs while five Australian oargoes in a Bimilar position have found buyers at from 40a 6d to 44a 6d pnr 4801bs. Two New Zealand oargoes on passage are on oiler, but holders are asking higher prices than buyers are at (he moment prepared to concede. At tbe cloeo tho weather shows some improvement, and thorn is a distinctly oaoier t^ndonoy. Oats — Arrivals from New Zealand which Yave been on a moderate scale !mvo mob a fair demaud nt an advanoe in value of about Is per quartor. Birley, — A fair buairioea has been dono at late rat 63. Beans have met a eatiafactory on* quuy at an advance of fioiu 1» to la (id per 5041db, while Poan have sold roariily and are 6d per 504lba doaror. Flour in sympathy with Wheat has ruled firmor, and vnluro now mark an advance of 3a per 280iba. Cocksfoot, — A frtir huninosb has boon transacted during tho period under review, the demand being principally for fine, heavy seed. Atnerioau is dearer, re-cleaoed seed weighing 171b« to the bushel being quoted at 48a Gj por cwt c.i.f.

T. o Nc w Zoulund horn and Mercantile) Agpuoy C'impnny under dute London, .^eptorafer 5 h, reporto : Fiom tlio date of our last issue until -lie middle of August, moro seasonable weather was experienced, and harvest prospects tuatcrial'y improved. Since thai time, however, severe stoims of wind nnd rnin Iiuvo been gencial 'hronghoub the country, and the ouilook is now very discouraging. Jioports recently received from the .'gticnliurnl districts point to serious, d uuogo having already been done, | Urgo mean of grnin being badly laid, j ami in sonic parts the wheat having; spi-ouied in the ear. In thoao diatricts wheic harvest oporntiona are in pio-

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Wo quote present prioos ox granary m follows :