WHEAT SHORT.

Press, Volume LXI, Issue 18406, 12 June 1925, Page 10

WHEAT SHORT.

NONE FOB EXPORT IN U.S.A.

(BT CABLE—PBESS . ASSOCIATION—COPYBIGHT.J (AUBTEALIAS AND S.Z. CABLE ASSOCIATION.) WASHINGTON. June IG. The weather bureau reports that the hot, dry weather that cut the winter wheat crop over twenty-five per cent, to Jane Ist has since done more damage, prematurely developing the unfilled heads in many parts of the West, and causing premature harvesting in Oklahoma, Southern Kansas, Missouri, and Indiana. -

Widespread rainfall over the northwest last week, saived the spring wheat •crop which was menaced with entire destruction by .drought. Texas and the rest of the south-west still face the loss of stock and field) cTops, excepting cotton, due to the drought, which is continuing unabated over the great plains regions growing crops. The Ohio .Valley and district have, also suffered greatly. It is estimated that the United! States has only enough wheat to supply domestic needs. LONDON MARKETS. • (Received June 11th, 8.50 p.m.) ' . LONDON, June 10. At the tallow sales 1523 were offered and 729 sold. The lower 6ort« declined 6d. Mutton -46s 6d to 445; 3d, beef 46s 6d to 445. Tho.Maimoa's and the Turakina Y New Zealand - Stunner apples realised 183 to 225, Statesman 17s 6d to 20s, Jonathans 14a to.: 183 6d, and London Pippins 163 6d to 18s.

American. bullishness in wheat cargoes is set off by the quantity unsold of near at hand Australian. ■ Buyers are diffident and quotations are iower. Parcels are disappointing. The demand for near positions is c.sier. Liverpool futures: July' 12s Sid, October lis lOgd..

CALCUTTA TEA SALES. (Bt CABLE—PEESS ABSOCIATIOX —COPIBIGHT.) (iTJSTBALIAN ACT N.Z. CABLE ASSOCIATION.) . CALCUTTA, June 10. At.the tea sales, "tie quality was average and there was a fair demand. All showing quality brought average prices. Commonest leaf sold nt eight . annas" to eight annas six pke; ditto broken leaf eight annas six pies to nine, annas; ordinary common • Pokoe, Souchong, nino annas to nina annas six piea; lowest even leaf, Pekoe, ton annas six pies to cloven annas. The prices represent an average reduction of three to four annai on last year's prices.

; AUSTRALIAN. MARKETS. (AUSTRALIAN AVD . N.Z. CABLE ASSOCIATION.) (Received Juno 11th,- 10.30 p.m.) . SYDNEY, June 11-. Oats—Tasmanian Algerian 8s Sd, white 4s <s&. Maize—Yellow 4s 3d, white 4s. Potatoes—Tasmanian £8 10s to.£lo 10s, Onions—Victorian £l3: to --£ls- IflSj Now Zealand £l4 10s. ADELAIDE, June U.Oats, 2s to 2s 3d. ' DAIRY PRODUCE. Dalgety - and Company, Limited have received . the. following cablegram from their London office, dated June lllth;—. "Butter^—Since our advice of the 9th inat., 'prices are.2s;higher." ~ ■ TALLOW.

Dalgety and Company, Limited-, have.received tho fbHowing cablegram from their London office, dated June 10th:— '. "TalloW-nAt'the 'auctions ''this week, 1530 casks tallow were offered.and 730.501 d. Prices are;6d lower on the.lately quoted rates."

TIMARU MARKETS.

(SPECUL TO "THE" PEISS.")

TIMARU; June 11

Business has. continued steady in the local grain : and produce markets during the past i. week, .'.- and .'there ia' little fresh to report., , - ....', Wheat, has: -firmed ■up a little, and ia being ..taken np. : by'millers at figures- slightly in excess-of the. prices arranged. Fowl wheat a.'sb. IB 'in better demand, the current- quotations,, between, merchants being about-69 116 V f.0.b., Not "a great deal is now offering from ; growers ( .' most of the supplies., being in merchants', hands'. There appears...to! l be* a, .fair" demand for ■ seed ■yrtbeftt; which- gives one the impression that an increased area will: be-sown -in wheat this season.: Favourable weather for: the .working of the ground''for wheat growing, and a jelight; reduction 'in the' prico of manures, have helped to turn farmers' thoughts■• in■': this direction. ■• . Oats' remain .'steady : at . re'eent figures, 4s 2d- f.0.b.,- 'js.i., for B grade'Gartons--and 4s 5d to 4s edfbr A grade..; The'bulk.of the"oat 3 this- season, are under grade;- and: are going into-consumption', on. a .basis, of. 3s-on trucks, these qualities appearing tb : satisfy the demand- of' some, of the- North Island feeders: Gcod heavy. Dung are wanted at: about'&j''9d on. trucks, and- Algerians suitable! for feed•*are -worth 3s ?di to -Bs. Good-.bright„chaff .would;command about SA,-3a 6d, and undergrade' stuff "can 'be -bought at down .to £Z; but-ia .very .hard to Sell.- -. ~'• '■-.-:

-. Poas ,have not. improved to any., great extent..:' No. .1 grade are worth about 8s 3d, aid inferior qualities down to about 4s 6d. . Gnka ■ seoda .are practically all in, morchants' .hands.-": The Ivsrth Island demand • is•, very, qiiiet, but .it.: is exjpected , that a revival :'wiir take: place Tjext' month, in anticipation-..0! the spring sowing. .Good •cbwgrass is * wanted at' 9d;. to 'lod per : lb, and .white • clover' at' about Is'; 2d to Is 4d', .acoording'.to..quality.. ; ., ''■' '.'.•.'' ;Potatoes ate ,vory quiet, and present'quotations- are £4 on .truoks for-whitea ,at Jiandy stations. Heda • can -.!»•■ bouiglit down to '£3.'6©.>-"" ■ - ■ ■ ■ ■■■' ■ "

■Linseed 'is .'steady at,;£l7 ; trucks. ... -■■'. .-' ' .\.

SOUTHLAND MARKETS.

. - ■ "(SPKCIALTa "IHB -PEE3S.") . .: ■'. ;? ; •'. INVEBCAR'GILL, 11. . to-day; seems to have ft- ■ firmer tendency, ■ and prices ' have . been. steadily increasing during the week.' During the past- fortnight\there...have/been attempts by forward sellers "to -'bear the mar-ket-but'they seemed to have failed as any-' thing offering has' been picked up in the' lasf day or two. Heavy A'a .have, been sold f.0.b., s.i. Bluff, : at^4e. Bd per bushel, and therein a further enquiry at this price. Very "few oats- aijo. offering from farmers, and most of the supplies' Beem to have passed into the. hands'of merchants. 'Local merchants aro firm in their prices,' and are not .'.prepared-,: to let etocka'.. go unless at prices showing.a-turnover. Prices to farm-era;-are nominally..about 3s Ud' for. heavy A's.'Ss lOd for, medium A's, and 3s 6d. for B'S. :-'. '...,.■••■.

Wheat—There is very, little wheat now offering, and it.looks, na .if. supplies " will shortly. have to .be'drawn from outside market*; .•'. '. Prices to' farmers ore about : 6a 9d a bushel- for fowl -wheat

Chaff—The market is fairly well .supplied, and merchants are only buyers of prime quality. This is netting tip to £5 pet ton on trucks at,country stations. Eyograss—The market remains fairly firm, and occasionally bnes are being sold for shipment. While merchants' stocks are steadily diminishing, it seems likely that when the spring demand comes it will be found' that thai© will be'.no. over-supply of ryegrass.: Prices to farmers' run at about 4* per bushel for heavy clean lines,.and proportionately less for lighter lines. These prices, however, are.only nominal, as practically no seed is being offered. Potatoes—The market is weak through being over-supplied. Merchants are not over-anxious to buy, and are not prepared to.pay more than, £l. per ton-on trucks at country stations. Fruit—The market continues r to be lightly supplied-with choice dessert apples, and all lines, arriving are finding a ready sale. Consignments ;of cookers' have eased off, and there is a temporary shortage. Large, wellgraded samples are esquired 'for. The market is bare of dessert pears, das to the fact, that' consignors were securing much higher'-prices °in 'northern, markets. Current prices are as .follows:—Apples, .best dessert to 4d per lb, large cookers 2Jd to. 83; pears, cjessert to 4d, cookers to 2Jd; quinces, to 2id; passion fruit, Australian to 23s per box, Auckland to lSs; Poorman oranges 16s grapes, 4o<2s-3d per lb.