THE ENGLISH WHEAT MARKET.

Ashburton Guardian, Volume VII, Issue 2138, 30 May 1889, Page 2

THE ENGLISH WHEAT MARKET.

The National Moctgtge and agency Company of New Z t >Und, report onder date, London April 18th n folio » ■:— lhe weather of the pait four weeks ha* been fairly seasonable, Its characteristics beinp; a ooutlauanoe of cold easterly winds and a rather heavy lalnf all ; for the time of tte year the wheat plant m nearly all localities gives good prospeota, while spring sowing la all bat completed, Meauwhlle the Jtate of the wheat trade has been one of depression and uneasiness, onder whloh values of most Forelgo sorts have fallen li to 2i per quart r, In cargoes arrived at ports of call, the decline has been least marked, « considerable fl iet of white wheat being diaperaed wiih-int serious loss of value, but In the " forward" trade business has been very bad, and on the "spot" a period of almost inanition baa been experienced I seems impoa* nlble fully to aooount for this condition of affairs by any ordinary pro aad coo statement of oaaaei, but the apparent advene influences are the oon tinned retrogression of Amerlosn prices and the upset of financial facilities m France Ai lll«---tratiog an immediate eff -ot of the latter, It was notlqed that of 20 cargoes whloh left portl of Q»U lately, none fonnd a Oocttnc&ttl dastloation. It must now be stated, also, that the yield of last harvest's Home-crop here has uodoubtedly been cjonerftUy trader-estimated, a fsot that has tikenlongto grain oredenoe,bnt whloh the continued heavy farmers' deliveries of late have established and acoeutnated. The condition of the grain likewise has beea iraproviag) so that prloen on an average do not show anything like the fall whiah baa taken plaoe In Foreign sorts. Btooka of wheat and floor at the principal depots of the tJ.K. at Ist April were quite 20 per oent leis than on December 31st, 1888. . As mentioned above the American exohanges have again oome lower, quotations have reached a level that makes wheat exporting possible, but as yet only small quantities have been shipped and mostly to Continental ports ; the output of flour, however, is somewhat heavier, In South Russia nearly all the ports are again open and large supplies are available, but In the present listless humor of the trade business is doll ; the growing crop Is reported to have wintered badly, particularly i" the Aziff district where the larger part Is said to be damaged by frost. Respecting Australia the only thing to be noted is that Oallfornlan wheat has been bought freely for consumption In the Colony. Continental markets are all dull and lower In sympathy with our own. Total veaelpts of wheat, and flour throughout the U.K. have baen moderate, and the quantity afl jails well under last year's aggregate. Ofi Coast Australian arrivals have made fair prices compared with other white wheat (ft largeM elbonrue oargo exoeptsd, whloh brough t only 35 < 64 on epeolal conditions) ; South Australian's selling at 37s 3d to 37 j, A New Zealand vessel— •« for Gloucester only "—was offered toe sale, but was finally withdrawn, no near bid bolog reported. The Imperial average price of British Wheat foe the past four weeks is given as 30i sd, 30s 2i, 30a Id, and 29s lid per quarter respectively. Ex Stand — Floe parcels of Adelaide and New Zealand long-berry are saleable m rotall at 6d to Is deoline, but Melbourne and New Zaaland short-berry are extremely slow, even at 1« 6i to 2s nnder last quotations With larger imports of flour trade la sluggish, and values are 64 tola down. Bsrley— Qaiet, and rather easier. Oats — Stooks having beoome greatly reduoed a Burnt advance has taken plaoe In all sorts, the gain being fully Is (per quarter, Beans and Pass.— Good dry feed is la demand at low rateß. Cocksfoot — \n the season draws to a finish the demand has Inoreased, enabling holders to clear ofli the larger part of their stooks at rather better prloes for medians . qualities; the nonardyal, io far, of new seed assisting operations, The qq an * It/ of wheat and fljue on passage or shipping to the U.K. Is now l t ßß9,oooqrs as against 2,032,600qrs month ago, and 2,298,000 quarters for the corresponding period In 1838. The American "visible supply" is given as 27,798,722 bushels as compared with 31,182,601 bushels on the 22nd ultimo, snd 32.979,657 bushels at the same time last year. We quote present prloes ex granary as follows, vlb :— . Wheat— Australian, 39s to 40a 6 J per 496 lbs; New Zealand, Long-berried, fine, 39 i to 40s per 49d lbs ; New Zealand, medium, 38) to 39 1 per 496 Iba ; New Zealand short-berried, fioe, ; 3si 6d to 36a per 4961bs : New Zealand medium, 34 » t0 35 < per 496 lbs. Flour — Australian, inperfioa nominal, 27* 6d to 28j,280 lbs (gross) ; New Z^Und fine, nominal, 23s 6i to 24 1, 2801bs. Oats— New Z aland, heavy, nominal, 28s to 33* par Imperial quarter ; ordinary, 20a to 235. Beans— New Z taland, No. 1, 39) to 40* per 604 lbu. Peas—- Nbw Zaaland, average nominal, 81s to tfis par 504 lbs; wrinkle, $bs to B6i, ; Oookifoot— N"tw Zealand, fioe, 33) to

IWUSJlbllttiU j jordimry, 29i to 3Qi, £