TIMARU GRAIN MARKET.
Only a very limited business is now being done on the local grain and produce markets, there being no outside demand for wheat, and in oats Bluff continues to claim practically all the business. It is expected that if Bluff continues to send away oats at the present rate, tho supplies for export there will shortly give out, in which case the business will have to be done from Canterbury. B grade Gartons are worth 2s Ijid, A grade 2s 5Jd, Danish 2s 3Jd to 2s 4d, duns 2s 5d to 2s 6d, f.q.b., B.i. The stocks in store are light compared with previous years. The best price offering for wheat is 3s 4Jd for Tuscan, while velvet commands 3a 4d, and xed chaff 3s 3|d, delivered in Timaru. Millers say that they cannot make any advance on these prices as if they did they would have to increase the price of flour, and this in turn would have th» effect of inducing competition against them from Australian flourmills. Good, whole fowl wheat is' selling at 3s 2£d, f.0.b., s.i., and it is in short supply. Derwent potatoes are commanding £9 5s per ton, Up-to-Dates £10 10s to £11, but it is expected that prices will drop slightly, as table potatoes are being imported from San Francisco.
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Bibliographic details
Otago Witness, Issue 2734, 8 August 1906, Page 22
Word Count
220TIMARU GRAIN MARKET. Otago Witness, Issue 2734, 8 August 1906, Page 22
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