COMMERCIAL

Oamaru Mail, Volume XXVI, Issue 8228, 16 September 1901, Page 4

COMMERCIAL

UANTEBBUBY GRAIN AND PRO DUCK MARKETS.

(Lvitelton Times.) LocaP.v is veij little 'lcing ™ wheat miners being disinclined iO bay, while speculators are holdme off. Owing -n tlie opFn" threshing small parcels are . ffo-in-lreeh-. but are" meeting *iUi ray i;..le re-'ponss. as iholders in most cases ■'re afkinff more than buyers can see their vav to :n\-e. -So far as can be gathered frr'm ;;:he circulars received by 'the ban Francisco mail yesterday, the future prospects of the Home wheat market aie thin" - but bright so faT as N.ew Zealand is concerned, ' and the large shipments on consignment from here, which were caused bv tSe cheap freights, will meeJ; a T er \ 1 unsatisfactory sale. Writing of the wheat market one of the English circulars has tflie VAowinf : —"From New Zealand .a cargo of wheat. p£.r Canterbury", 7806 quaiftars •i.t Lvfctelton, -ras reported sold at 26s 'yd. Kx iiranarv, there is a moderate inquiry, but "he advance of Is .per quarter win en -eceiulv -took ipkce has not been fully miaan--sined. Hunter's and Pearl are now making 28s 6d to 29s 6d, and Tuscan 29s 6d to 30s per 4961b. With regard to the nrheat i-ro-p of 1901, based on .the reports received, [he estimate is -of a crop of 28 bushels per acre, grown on about 1,900,000 acres. This would give us a total crop of 53.200.000 bushed or veiy nearly 6,toU,t)UU quarters. With a Home crop of 6.750,000 quarters we shall be dependent on foieugn supplies for about 25,000,000 quarters, sitiier ws wheat or flour, during the com;,,,r harvest vear. With the jrood crops m N'orth Atiieno. the prospect is that -we ,-hall obtain tltis easily, .and -with a lower level of prices than have prevailed an 1900-01. This is not- a very cheering project for the British wheat grower, whose moderate crop bids fair to sell, at tlhe outside, -at a level of 25s or 1111 del' per nuartsr." , „ . , * The exports of -wheat from Canterbury r'Ms season have been heavier than foi jaiae vears. Excluding flour, from Januarv Ist to September Ist the exports from Lvttdton were : —For ports beyond the -olony 908.724 bushals, and for coastwise | uorts 43,880 bushels, or a total of 952,604 From TimaruFor ports beyond the colony 755,196 bushels; for coastwise ports 222,056 bushals, makin? a total of 983,252 ■bushels. The totals are—For ports beyond Zealand 1,663,920 bushels, coastwise 271.936 bushels, or a total export froon Canterbury of 1,935.856 bushels. Loca.Hv oats remain firm, in spite of Wie fact that parcels are now coming forward freslv, and anv lines placed on the moiikelt ire readily taken at prices in most cases in excess* of quotations. The latest- news from London 'bv t!he San Francisco m!ail is ■ o the effect that- fclie market had advanced from 3d to 6d per quarter, ordinary Bluff Sparroiwbills being quoted at 24s it© 255, ..nd Canadians at 25s to 26s per 3841b,

■x store. The exports from Lyttelton from January 'st to date have been :—For South Africa, 1.852,183 bushels: for Australian ports. i 48.533 bushels; or a total of 2,200,716 bushels. The exports from Tim-a.ru for the .-anie period have been : —-For South Africa '2B 355 bushels; for Australian ports 23.375 bushels; for the United Kingdom--592-6 bushels ; and coastwise 28,859, bushels ; making a total of 286,515 bushels. This maikes ia grand total of 2,487,231 'bushels from Cant-erburv for the aboveaamed period, of which 2,080,538 bushels rre.n6 to -South Africa. The latest- cables from Sydney announce thaifc the markefi has shown a slight improved demand locally, and any lines offering are readily token at SA 5s to £4 10s ait country stations.

Wheat—Prime milling Tuscan 2s gd, Pearl 2s sd, Hunter's 2s sd, whole fowl wheat 2s 4d to 2s 6d. Oats—Canadians 2s Id to 2s 3d, short feed 2s to 2s 2d, Duns and Danish 2s to 2s 2d, long 2s to 2s Id. _ „ , Barley—Prime malting, 2s 4d to 2s od, medium 2s to 2s 2d delivered. Flour—Millers quote roller L 6 15s, sharps L 4, bran L 3 10s. Oatsheaf Chaff—37s 6d to 40s at country stations. , , , n Hay-L2 10s to L2 15s delivered, baled for shipment L 4 f o t>. Oatmeal —Ll2. Peas—Blue Prussian 3s 9d to 4s, Partridge 3s to 3s Id f.o.b. Potatoes —Derwents, L 4 5s to L 4 10s

at stations. Seeds —Ryegrass, fanners' lines, Is 6d to 2s for extra good, farmers' seed, machinedressed 2s 6d to 3s. Cocksfoot, farmers dressed lines 2Jd to 2Jd for bright seed. Cowgrass 6|d to 7Jd. White clover, fanners' lines, 7d to Sd. Dairy Produce—Cheese, dairy 4d to 4id, factory 4id to sd. Butter —Fresh local factory Is 2d, best dairy lid, salt in boxes 3d for prime, North Island factory is f o b. Bacon and hams 54d to 6id, factory id per lb higher.

STOCK SALE. Mr D. Thomas, auctioneer, Ashburton, held a special -sale of cattle at the Tinwald Y-ards vesterdav. There was an entry of 570 head of mixed cattle. The attendance of buyers was fairly lioofl. -and an excellent clearance was effected at tlie following prices Small stores 38s, eighteen-months steers and heifers £2 6s 6d, two-year-old heifers £3 14s, two-year-old steers £3 10s to £3 17s three-vear-old steers £5 12s, .'.pringers £4 16s, £5 lis to £6, fat cows £6 to £ i 6s. •The Canterbury Farmers' Co-operative Association, Limited {Mr J. Mundell, auct:oneer), report on the 'horse and cattle market at Timaru Tat-tersall's yards for Saturday as follows : —Our entries comprised 36 draught, light harness, and hackney horses, farm implements, and harness. The major portion of the horses yarded' were a stale stock, for which there was but little demand, but there were strong inquiries for young farm horses fit for present work, and we can recommend vendors wishing t-o dispose of stock of this class to consign to this market in order to ensure satisfactory returns. We quote sales as follows:—Draughts, voung, with trials, £3O. £32 10s, £35, £4O. £44 to £SO; do, aged and light, £l2, £l4 10s, £lB, £23, to £2B ; li'jht harness sorts, £l2. £ls, £l7 10s. £lB, £22, to £24; hackneys, £6, £B, to £l2.