WHEAT MARKET UNCHANGED

Sun (Auckland), Volume II, Issue 599, 27 February 1929, Page 10

WHEAT MARKET UNCHANGED

POSITION IN CANTERBURY Press Association CHRISTCHURCH. Tuesday. No change has taken place in the wheat market. Deliveries are arriving fairly heavily and millers and others in the trade would not mind a break in the weather to hold up threshing for a period. Any business for the time being is on a basis of 5s 7d to 5s 8d on trucks. The shade of firming in the oats market mentioned in the week-end report has been scarcely maintained and quotations are inclined to be easier by about id a bushel prompt. A grade Gartons are quoted at 3s 4d f.0.b., s.i., or 2s 8d on trucks, and 3s Old to 3s Id for B grade. Chaff is inclined to ease and is quoted at £5 a ton f.0.b., s.i. Seeds show no change, but ryegrass stocks are good and firm. Partridge pea threshing returns show that this crop has suffered considerably as a result of the wet summer. A number of returns are below 25 bushels to the acre and occasional crops not much more than half that. The home inquiry is lifeless. Values on trucks are 5s 3d to 5s 6d. Consequent on the lengthy spell of dry weather the potato market is firmer and f.0.b., s.i.. values for March-April are £5 a ton, sellers at the week-end quotations of £4 17s 6d not being found. JulvSeptember business is quoted at £5 17s 6d f.0.b., s.i.. and values to farmers for early delivery are from £3 12s 6d to £3 15s a ton. CANADA’S WHEAT PAY-OUT (Australian <sid N.Z. Press Association) Reed. 11.15 a.m. WINNIPEG, Tuesday. Mr. E. B. Ramsay, general manager of the Canadian wheat pool, stated that an interim pavment on the 1928 crop totalling £1.200.000 will be distributed to the pool members in Western Canada. CHICAGO WHEAT MARKETS f Australian and N.Z. Press Association) Reed. 11.15 a.m. CHICAGO, Tuesday. Wheat.—March, 1 dollar 25 5-S cents a bushel: May, 1 dollar 30 7-S cents; July, 1 dollar 332 cents.