CANTERBURY MARKETS.

Otago Witness, Issue 3249, 21 June 1916, Page 12

CANTERBURY MARKETS.

GRAIN AND PRODUCE REPORTS. (Lyttelton Times, June 17.) Business in wheat continues to lie limited, holders not ottering except at prices above what most buyers consider present values. Mr Massey's speech on the wheat problem in the House this week is said to be a factor inducing many farmers to hold their supplies except at rates well above recent quotations. The oat market is quiet, little offering, with quotations showing a hardening tendency. There are said to be large supplies of Southland oats available in the south, but transit difficulties prevent the local market absorbing those. Pollard and bran are scarce, with rates as last week. Chaff transactions have not been many, recent prices being well maintained._ There is no change in flour rates, but prices are expected to go higher. The potato market is on the up grade, and rates are rising regularly, with every prospect of further rises in the near future. Holders are not enthusiastic about sales, believing that better returns will prevail later. The following quotations are for purchases from farmers, net cash, sacks extra, delivered at country stations. (Note. —An asterisk indicates that the price is nominal, there being little or no demand): Wheat 4s 2d to 4s 6d. Garton oats 2s to 2s 3d, Algerians 2s 6d, Duns 2s 6d, Danish (none offering). Barley 5s to 5s 4d. Partridge peas ss. Blue Prussians 7s. Bran £5 ss: chaff £4 to £4 ss; pollard £8; oatmeal £l7; potatoes £5 5s to £5 7s 6d; flour £l2 10s; onions £3 10s. Ryegrass seed 5s 6d, Cocksfoot (131 b) 7£d to lid. White cloTer (farm dressed) Is to Is 3d. cowgrass 7d to 8:1. Dairy factory cheese lid, local factory butter (first grade) la 6d, farm separator butter Is 4d, farm dairy butter Is 2d. Hams Is Id, sides lid, rolls Is 2d, roll hams Is 4d, lard pats Is Id, eggs Is 9d. (Note.—The prices quoted for butter are less discount.)

TIMARU MARKETS. (Christchurch Press, Juno 17.) The firmer tone reported last Saturday on the wheat market has_ become more evident and sales of considerable quantities have' taken place, one of the largest lines to change hands being a parcel of old Tuscan at 4s 6cl per bushel, Timaru. New Tuscan commands 4s 3d at country stations, Hunters 4s 6d, and Pearl (which is practically off the market) would realise 5s Id at country stations. The improvement in tlio prices during the l week may bo put down at Id to per bushel all round, and practically all millers are buyers at the enhanced rates. The quantity offering is small, and barely sufficient to meet the demand. It is thought in some quarters that there is not a large quantity of good milling wheat unmarketed by farmers. The Government statistics and the thrashing returns notwithstanding, those who have the actual handling of the wheat do not see a surplus in sight. The oat market is still firm, but the quantity offering locally is practically nil. There is a very good demand for local and country use; but most farmers prefer to wait a little longer before buying their feed and seed requirements, thinking that later on lower prices may rule in the south. Today's values are 2s 5d to 2s 6d, delivered. Oat-sheaf rbnfT is inoin'vcd for, but supplies aro not ' • aally to-day's value ),--•■•: ks at country stations renj. Whoe •' selling at lid per ba Tho ■"•■ mnj be said to navo

jumped fully £1 per ton, and at present is excited. Sales arc being made at £s_ 15s to £6 7s od, on trucks at country stations, sacks in. Growers, however, are not keen sellers, as, in view of the remarkably small yield, it is anticipated that no serious fall will take place for some time at least. It was more a speculative element that prevailed in this week's operations than a genuine demand from consuming centres.