WHEAT AND FLOUR.

Timaru Herald, Volume XIC, Issue 13435, 6 November 1907, Page 5

WHEAT AND FLOUR.

WHEAT STILL PALLING. Prees Aissociation-fiy .TelegrapK-Copyright Received 1.3 almi.,' November 6th. SYDNEY, November 5. The produce market is unsettled. Wheat has further declined ) sellers want 5» 3d, but buyers are holding off. , Per Press Association. CHRISTCHURCH, NoveAiber 5. It is reported that no wheat is offering from the country, those who hold evidently having determined not to sell -till later* in'ithe' hope that the iTiarket will rise to a still higher level.; .".' The weaker tone «f' the- market-• in London and the late rains in '.Australia •-•hayse "evidently steadied-the colonial 'markets' ind ;there is nob the same anxiety to pUrchass. The only transaction reported loyally is a merchants' sale of about 2000 bushels at 6s at a country station equal to 6s 2£d f.0.b., the wheat-being foi\ Auckland. The price of oatmeal lias advanced to £lB per ton. Potatoes are not firm, .thougli;; prices, are still abp.ut. t .. . • : LOCAL " STEADY. The reported' set-back iri ' the wheat market -in Sydney qwirig to the rains making the crops ;lobk;.' promising has not. affected, the market in. TimarU. A merchant * stated yesterdiiyrthat-'the decline would be-, ioplil only and he anticipated .that if prices here did not advance any .more they would not recede until the new" crop capie in. In answer to a suggestion tliat some of the stores here held large stocks of , .wheat hev implied that this, was ,the case, but the bulk of the wheat, was ■ 'sold' and - was the, property of the millers. At .the present rate of output of. ;the localv ifrilte thfc *todc would not suffice .until next February, when the, first ■of . ; the .new"' wheat might be expected;