THE BREADSTUFFS AND PRODUCE MARKETS.

Otago Witness, Issue 3250, 28 June 1916, Page 15

THE BREADSTUFFS AND PRODUCE MARKETS.

. r Friday evening. lho information contained in the following paragraph, taken from tho Australasian, is reproduced as probably having some effect on tho future of the dominion flour market :—«• Great efforts have Loon made during the first half of the export season secure freight for wheat, and the policy adopted., whether basically wrong or not, has enabled a large quantity of wheat to be moved from Australia, but new crops of Canadian, United States, and Indian wheat available arc much nearer to Europe than Australia, and, however disappointing the position njay appear to Australians, they must become reconciled to a curtailment in exports during lho latter half of the year. j\'ot only will tramp tonnage bo indisposed to make the long journey to Australia for wheat, but the wool export season will restrict to minimum volume tho space available in liners and transports fool her products. No compensating movement in Hour is at present on the horizon. The East is fully stocked with American produce, while South Africa is still apathetic." '1 hero is very little to bo said regarding the wheat market. There are no buyers except for prime milling lines. Prime milling is quoted at 5s Id to 5s 2d. ex store, Dame-din; reel chad', 4s 6d; and Tuscan, 4s 2d to 4s 3d. Fowl wheat is worth up to 4s a bushel Flour is quoted by some local millers at £l2 a ton. and by one miller at £ll 10s. Pollard, £7 10-:. Bran. £4 10s. Oatmeal. £l6 a ton for 25's. Pearl barley. £2l. 'the wholesale price of oatmeal ha- been advanced by £1 a ton. Iho oats market continues firm. North Island merchants have' not yet, however. responded to the advanced prices. Fanners an.' strong holders, and in several cases have put up their reserves above market values. Under the circumstances not a groat deed of business is being done. There is still a difficulty in securing shippingspec e. A Gartons are quoted at about 3s, f.0.b., s.i., and B's at 2s lid to ':s Hid. On trucks, country sidings, prime food oats are worth 2s b\A to 2s 7cl. PRODUCE REPORT. Consignments of chaff have been fairly heavy, and prices show a slight fall. Hay is not hca\ ily inquired for. Supplies of straw are pretty equal to the rh mend. A fair quantity of potatoes have come forward during the week. All good lines meet with a ready sale, but medium lots are very hard to sell. One merchant has just purchased over 100 tons of Taieri-grown potatoes, and it is reported that there are more there. Prices show a substantial advancc. Eggs have chopped in price. Tho present cold weather may, however, have an effect on the egg yield, with a consequent recovery in prices Current wholesale prices are as follow: Chaff.—Prime oaten sheaf. £4; medium to good, £3 10s (sacks extra). J lay. about £5-

Straw.—Oaten, £2 10s; wheaten, to £1 15s. Potatoes. —Prinic, £7 10s to £3; medium lots, £6 to £6 10s. Onions. — Canterburys, to £7; Mclbourncs, about £7 to £7 30s! Eggs.—Fresh and stamped, to Is 6d to Is 7d; preserved, Is 4d. Butter.—Milled, Is 5J per lb; dairv, in lib packets, Is 2d; separator (bulk), la 3d. Pigs.—Baconers, 7d per ib; porkers 6|d» Bacon.—Rolls (in quantities), Is Id; sides, Is; hams, Is Id per lb; boneless hams, Is 2d. FRUIT REPORT. Pair supplies of apples and pears are corn, ing to hand. Ibices arc firm for both, especially for choice dessert lines, r?upplie( not being equal to the demand. A largo shipment of Karotongan orange! was landed on the 22nd. Unfortunately, on! of a shipment of close on 3000 cases' on!] 1500 cases camo to hand, the reniaimloj being left at Wellington. It is said thai it is most likely, owing to the condition of the fruit, that the bulk of this remaindei will be sold at Wellington. Of the stipp'j which camo to Dunedin, 12s to 12s 6d i case was realised at the wharf for ecnn lots. A small consignment of pineapples, mail) darins, and passions have arrived from Syd< ney, also South Australian oranges and Mildura melons Vegetables are in short supply. The rain which fell last week should have a beneficial effect on the young crops. The following- are the current wholesale prices : Apples are in sort supply. Dessert ('entra! and Christchurch, to 3id; cookers, 2s 6d to 5s 6d per bushel; local Greenings, choice 2d, seconds ljjd; Wolseleys, up to 2^d. Lemons. —Americans. 20s hall-case; Auckland. 10s; Mi!dnr«\ and Adelaide, 18s. Oranges.—South Australian, ISs; Karotongan, 12s 6d. Pears.-- —Cooking, l|d to 2~>d : dessert, 2d to 3i<i. Tomatoes. —Local hothouse. Is; small, 6d; outside finished. Quinces. 2d. Grapes.—Local. Is 6d to Is 9ci; extra choice, up to 2s 3d. Pineapples, 12s 6d. Passions, 7s 6d to 10s. Yogetubles, in short supply. Cabbages, 3s to 5s 6cl per dozen. Cauliflowers, more plentiful; choice. 5s 6d to 7s per dozen; medium, 3s to ss; small. Is to 2s Oil per dozen. Carrots. 2s 6d to 3s 6rl per bag. Parsnips, 2s to 5s per cental; prime, 8s per sack. Swedes. 2s per cental; 2s 9d to 3s 3d ner •"■:■ •:■: Gelei'v, 3d to 6d per bundle. Leeks, 2d. Artichokes, Is 6d to 2s 6d per half-bushel. Marrows, us 6d to 7s 6d per sack. Brussels sprouts, 2d to 3d. M I-:rCI1 ANDISE MARKET. The Athenic has brought a small lino of Colman's starch. It comes to a bare market. Consequent on the increase of freights kerol shows an advance in price. The Calil'ornian dried fruit market continues firm, and confirmation of recent orders has in some cases not been made. Prices for Norton's •: gg presersative for the coining season show a considerable advance on those ruling iast year. The Kaitangata has arrived with a cargo of salt from 'South Australia. The coarso salt will come to a bare market. Bulk dates are now quoted at tip to 3jjd per lb and packets at 5s 6d per dozen. There is some doubt whether new season's fruit will be available. Powdered borax is quoted at 5d per lb. Small sizes of round iron and steel arein short simplv. These sizes cannot bo rolled in either New Zealand or Australia., and the Home ironworkers are too busily engaged in making munitions to give attention to these goods. Blue stone is quoted to-day at about £4 a cwt.

offeree! and 1168 sold, prices being unchanged. Juno 22. The Bank of England returns show that the stock of gold coin and bullion is worth £59,972,000; reserve, £44,943,000; proportion of reserve to liabilities, 31.5,-notes in circulation, £35,215,000; Government deposits, £51,200,000; other dejuosits, £91,549,000; Government securities, £42,187,000; other securities, £73,383,000. Discount on short loans, 4g per cent.; three months' bills, per cent. Consols, £59 2s 6d. War loans : 3£ per cent., £B9; 4 per cent., £96. Following are the quotations for dominions' stocks, as compared with those for the previous week: June 15. June 22.

t 1329-1040 currency. § 1920-30 currency. Butter : Market quiet but steady; New Zealand, 150 s to 170 s.

Cheese : Market weak on the strength of increasing Canadian supplies and large prospective New Zealand arrivals. New Zealand, 102 s to 106 s; Canadian, 100 s to 104 s. Wheat : Dull and easier. Cargoes are quoted nominally at from 6d to Is decline. Flour : Dull and unchanged. Oats : None offering. Peas and beans : Quiet and unchanged. Sugar : Unchanged. The Bradford wool market is unchanged and disturbed pending Government arrangements. English clip : Crossbreds are weak, and merinos scarce and dear. June 24. Wheat. —Dull. Cargoes nominal. Chicago July options, 993 cents; September options, 102 g cents; December options, 1052 cents. Cotton, —June and July shipments, 7.55. Jute.—Lifeless; quotations nominal. Hemp.—lnactive and unchanged. Rubber.—Para, 2s 4Jd; smoked, 2s 3|d. Copra.—May and Juno shipments, £3l, nominal. Rabbits". —Quiet and unchanged. Frozen Mutton. —New Zealand, 9d; Australian, egd ; South American, lO^d. Frozen Lamb. —New Zealand and Australian, lOd; South American, ll§d.

Victorian 4 s 05g O.-i Victorian 3J's 84 7-1 1 Victorian .'U's f ... 74 74\ Victorian 3's ... 65 66 New South Wales 4's 85J 8(;.i New South Wales 3J's ... 97 ;»cr, Now South Wales 3's ... 73i 73 New South Wales 3J's § ... ... 75J 7:ri Queensland 4's ... Dig !)!■;; Queensland 3$'s ... 88 H8 Queensland 3's ... G5 (;.-,,!■ South Australian .'Si's ... 74J "if; South Australian 3's ... 60g Big New Zealand 4's ... 89 89> t New Zealand 3£'s ... ... 7R.V Vr[ New Zealand 3's ... eog 68 Tasmanian 3J's ... 73 72J Tasmanian 3's ... 632 Cfi;i West Australian 3i's ... 763 70 i West A ustralian 3's ... 71i 70