CHRISTCHURCH GRAIN AND PRODUCE MARKETS.

North Otago Times, Volume XXXV, Issue 979, 19 November 1901, Page 4

CHRISTCHURCH GRAIN AND PRODUCE MARKETS.

(Cbriitohnroh Free;,)

In the report of a prominent london <;rain firm for tho week ending Ootober 3rd, it ii itated with regtrd to wheat that any Improvement c»n only be looked for either on Ihe groundi of extremely large European requirement! or the comparative acacoit; and relatively high prioe of feeding itnffi, or both; The report shows that there ii no likelihood of the first aontingenoy, indcon> tinncs: "As regardi the aecood point, it seems to be a reasonable deduction, judging from the altogether disproportionate receipts of winter wheat to the orop which was gathered, that a large portion ii beiog used for feed, but on the other band the receipts of spring wheat are so large, that, in in spite of liberal exports, the visible supply oontlouei to rapidly Inorease, and although it Ii not large compared with last year, we fear that any slackening in tho export demand will tee American stocks augmented: With ill these hoti before us, we fail to sec where any material improvement is to oome from In the fulare; end ihould reports re» specking the Argentine, Australian, and Indian crops continue satlefaotory, we may even Bee prices decline further,"

1 With retpeob tethelooal wheat market) there is little importance to note* The quotations for I'usoan, Pearl and Hunter's show a Blight Inprovemenr, but there is not much offering, aad but few transactions, Oits show a decline of one penny in Oanai dhnij other lines remaining unchanged, The Mombasa is to load for the Oape at the Bluff on account of Messrs James Ball >nd Co,, a Melbourne firm, whloh has been very largely competing In New Zealand trade through all the teawn. Ihe steamer Ml burn leaves limaru to-night forLyttlcto ll with a cargo of about 50,000 hags of oats for South Africa, on account ot Mews 8,0, Stead and Co;, and J?riedlander, She will complete her loading at .Lyttleton with baled theaves. It is understood that several local merchants who have been making shipments of potatoes to Sydney and Melbourne have had them thrown on their hands owing to the quality not being up to the standard. There has been a decided Improvement in the demand for lhtgrasii and prices lave advanced from 2d to 3d per bushel al round. Several thousand sacks ,havo already changed hands locally and in Otago at these advanced prices, Tho following are current prioes paid to farmers, f.0.b,, Lyttelton, aud free of oonw mission, except where otherwise ipeoin ified:

Wheat-Prime milling, Tuican, 2i 6(1 to 2s 7d; pearl, and 3d jwholefowl wheat, 2a 4d to 2s

. Oata—Canadians, 2s 4d to 2s 5d j short feed, 2t 4d to 2s 5d j Duns and Danidi, 2s 3d to 2i 44 j I'aviatians 2s 4d lo 2li fid.

Barley.-Malting, 2»4d to 2» 6d; medium, 2b to 2a Sd delivned.

Flour (millar»' quotations,)— Roller L 6 ICa; tharps, 14; bran, 10j, Oataheaf Chad«3sj to 403 at near ooaatry stations, Oatmeal—Ll3. Potatoaa—Derwentg, LI (nominal), Grass Seed-Rye&ra«, farmers' lots Is Us to 2s 3d for extra good, farmers' teed, maohlnit dressed, 2e 8d to 3a3d; cocksfoot, farmers droned llne'i, 2gd ,to 2Jd Jor bright seed. Gowgrass (dreised seed) 6|d to 7Jd, White clover, farmers' lines, 7d to BJ. Dairy Produce-Cheese, dairy, 4d, faotory, 4d. to 4jd, Butter-Fresh looal iiotory lid, beat dairy 81 to 9d, salt (in boxes) Bd, for prime ftorth Island faotory 10d| f.o.bi dicon and hainj, 6Jd to CJd, factory, id p»r lb, hlghor.