COMMERCIAL.

Timaru Herald, Volume XIIIC, Issue 14211, 28 May 1910, Page 4

COMMERCIAL.

■ ■ ■■ - HiIARU GRAIN MAE MET. Tha present- condition of the Tmiuru fctaiij market is causing some concern amongst- both, buyeis and iellers, and if the conditions continue it- is certain that tile t-ftects -.vi!l he i-Az over a much wider fchi. l\i rchanis spoken to on the suMect declare without exception, that practic.ily no liu.-iiioss has been done ior the pas: week, and til:it- the market is stagnant. In wheat the local la her-' requirements are tilled icr :!:.■ i.r-s. a:, and consequently they v.;U nor aeh.-au o their prices to meet I'lov, crs demand-. Tile latest quotation- received from London this v.. ek. -ai-.i one merchant, point t-j the I act thai no immediate nusiness is hk.iv ;: o ■ d -no hi chat line. Fair averae;,- quality is nooina!ly worth 30s Gd e.i.f.. London, sacks included. On this price the net return to shippers would only be 3> f.o.b. Oats or course haw ts-.ix a bed value on account of the scarcity, but farJaers are asking prices over those ruling in Southland. Consequently millers are c.hli.utd to stay their hands nr.d stand oil the market. Farmers ore asking over "2s per hushe- "t country station-, and • ne fir!:', stati-d that th.s was ridicule;.-, a- oats wore delivered at Timaru. .sacks extra.— Pouthiand octs a:-" r, ooi;nhid as bv rmt-id • that Thearu to: r."hours ''are been purchasinc: oats fit. re ,-u 2s 2*d per bushel, or id b=s than las: week. OTy-rati'-ns in r> tat-es hove l--on to a few <:>.aii transactions. thoUHh it is said tier i-ts are ifinvinfr nr.rdiwards. to Auckland in partionf. ••.!>.. ?.-:e'cs in. IHstrir-i farmers want J M os at the least, on trucks at country stations, and in town the retail price per bac is Ps fur prime samples.