THE HOME WHEAT MARKET.

Ashburton Guardian, Volume VII, Issue 1929, 27 August 1888, Page 2

THE HOME WHEAT MARKET.

The National Mortgage and Agep' Company, m their London circnlp- M L July 15th, report on the wheat xtr „!,"«. „„ follows:— -arfcet as The weather haa varied >,„• A _ b m_ and tho improvement r C C0 ™ ldßr . abl y« ~ dato of our last ia 3 ue ' ■*?i looabl ! 14 ? t th % growing crops, to ' X lv tbe condition oE fered withbV >> , been eenoualy inters temperature^ .+ f heav / ™ n . 8 . a * d ' >?* have gives) ' r the ? Mt , f ortni g h > wh . loh and oau* " S rowerß °* wneat great anxiety of ly> considerable loss to. the owners _»»•• -yfields, As long as the outlook was .isfactory the trade was dull and inactive, and values declined 6d to Is per ' quarter, but with the advent of ' wet weather referred to a reaction aefe m and • this decline was fully recovered, whilst 1 prices have since advanced about 6d per I quarter on those of a month ago. , Of a i large number of wheat cargoes a<rfvedoff coast which have been on offer, the greater part have been purchased for the Continent. Reports from Belgium, Feance and Germany, state that similar weather 1 has prevailed m tbeae countries and that serious results ate expected. Amerioan markets, like our own, were depressed during the earlier part of the month, bat have also recovered and are now firm. The estimated orop of winter wheat is still a matter of discussion, but it ia thought that the shortage m that dlreotlon will be to a certain extent oounter-balanoed by an average yield of spring wheat. Imports acd farmers' deliveries ia the Interval have been quite equal to current reqalrements. The result of the Indian harvest is stated to be a yield of 6,817,750 tons as against 6,817,750 tonn laßt year. This inorease is encouraging, but attention is called to the diminution which has taken plaoe of old stooks and shipments are not made freely. The Imperial average price of British wheat daring tbe pact four weeks is given as 31s 7d, 31s 3d, 31a 4d and 31s 5d per quarter respectively r . Ex stand new Australian wheat has been m large Biipply and prices have ranged between 33s and 34a per quarter. In cargoes 32s 3d per quarter " 6ft coast" and 32s 9d per qnarter on passage was accepted during the latter part of last month ; 33s 9d is now obtainable m both positions. New Zealand wheat ib m small supply and rates are steady, tip to 33s per quarter having been secured for a paroel of shortberry. Flour has been plentiful at about late rates. In barley a steady trade has been done but values are unohanged. Oatß were m large supply and met with little enquiry, but latterly a strong demand has set m and ptices are firm with a rising tendency. Russian descriptions are dearer on higher prices from St. Petersburg. In beans and peas there has been little or nothing doing. Cooksfoot has been dull and inactive, and with large arrivals buyers, both here and on the Continent, have held aloof on the chance of a decline m value later on. A few sales have been made at 40a to 42b per U2)ba. . The following prices were being realised m London on the 12th of July for frozan meat by the undermentioned vessels : Taraklna— Sheep, 4Jd to 4|d ; lambs, s£d to 6|d. Coptic— Sheep, 3sd to 4|i ; lamb, 5d to 6£d ; beef, 3jd to 4| d. Rimntaka — Sheep, 41 to 5d ; iamb, 5d to 6£d ; beef, 3H to 4£d. WellingtonSheep, 4|d to" 4id ; lamb, s£d to 6£d :. beef, 3id to sd. Invercargill — Shuep. 4H to 4jd ; lamb. Bd to 6d ; beef, 3Jd to^ 4|d. Bayley—Sheep, 4^d to 6d ; lamb), s|d to 6£d jbeaf, 3jd to 4|d. Tainnl-— Sheep, 4d to 4|d . lamb,~sd to 6Jd ; beef, 3^d to sd, Ruapehu — Sheop, 4d to 5d ; lamb, s£d to 6H ; baef, 4d to sd. Canterbury—Sheep, 4£d to 4|d ; lamb, Bid to 6£d ; beef, 3£d to 4^l. Dorio— Sheep, 4^d to 4jd ; beef, 4d to 5R Kalkoara" Sneep, 4jd to 4Jd. -