COMMERCIAL.

South Canterbury Times, Issue 2660, 29 September 1881, Page 2

COMMERCIAL.

S. C. Times Office, Thursday Evening. GRAIN MARKET. The local market for all kinds of grain remains quiet, and there is little doing. In consequence, however, of recent accounts fiom Horae of the state of the wheat crops and the estimates of probable requirements from foreign sources, both for England and the Conti ent, holders are firm, and a further advance in the price of wheat may be looked for. The market for oats, too, is firm, and holders are not inclined to give way, ENGLISH GRAIN MARKET. The London agents of the Canterbury Farmers Co-operative Association report under date August 10 as follows.— London, Aug. 10. Wheat.—The market continued quiet and inanimate until the beginning of this week when simultaneously with the appearance of the first samples of the new crop, which were expected to cause depression, a sharp rise ensued, and prices have advanced 2s per quarter. A sudden demand for France, where a short yield in their home crop reveals the fact that large importations from abroad will again be required, has stimulated speculations on both sides of the Atlantic, and considerable business has taken place, chiefly on forward contract. The opinion is also gaining ground that the fair promise of our own harvest is not destined to be fully realised, ns the new samples are found to vary greatly and the yield to be smaller than growers anticipated. The rise is more for future than present delivery. New Zealand shews an advance of Is fid per quarter from the lowest point. We quote fair to good quality at 47s 6d to 50s ; fine, long berried Tuscan at 51s to 53s per 4961bs ex store.

Flour has participated in the improvement to the extent of Is to Is 6d per sack. Barley meets with rather more enquiry, and oats have at last moved up, influenced by the improvement in other feeding staffs. MELBOURNE MARKETS. McGregor, Gordon and Co., report for the week ending September If, 1881. Breadstuffs.—Wheat is easier, and 5s fid to 5s 7d is the price at which we have sold prime Northern grain, all for net cash ex station. Oats are considerably firmer, We have sold since date of last report 2000 sacks < f good feed at 3s 4J i ; medium at 3s 3d ; inferior, 3s Id. Slocks both in bond and in local hands are light, and prices are advancing. Good milling are at 3a 6£d. Barley.—Prime English is at 3s fid ; feed at 3s 2d. Bran, Is 3^l. Peas,3s lid, Nothing doing in grass seed. Dairy Produce.—Cheese we sold prime lines to-day at s}d ; good, 5d ; medium, 4d; inferior. 3Jd. All descriptions scarce. Honev sold at 4Jd to 4£d.