GRAIN MARKET FIRM

Sun (Auckland), Volume IV, Issue 943, 9 April 1930, Page 11

GRAIN MARKET FIRM

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Tuesday. Tho position of wheat is unaltered. It is offering fairly steadily and the prolonged period of fine weather is allowing a continuous run of threshing, which is more advanced than is usual at this time of the year In regard to the crop statistics "published this week, it is the consensus of opinion that the yield an acre will be fairly close to what was estimated in a recent report, about 28 bushels. Values for wheat remain unaltered and millers are not buying. Quotations are 5s 8d on trucks for Tuscan, 5s lOd to 5s lid for Hunters and 6s 2d for Pearl. There is very little demand for fowl wheat. Its value remains firm at 5s 9£d to 5s lOd f.o.b. The oats market is distinctly firm today, due to the fact that the statistics indicate a low proportion of threshings. The weight of threshed oats shows a big reduction on last year. Another element in the firming is that buyers have been operating freely at recent prices of 3s 9d to 3s 9ld f.0.b., s.i. Today the quotation is 3s lOd for spread delivery for A. grade Cartons, and there are few or no sellers. The market is a Southern one, prompt oats at Lyttelton being practically unprocurable. B grade Cartons are available at 3s 9d f.0.b., s.i., but there is little inquiry. Chaff is quoted at £6 12s 6d a ton, f.0.b., s.i., equivalent to £4 15s to £5 ton on trucks. The potato market continues weak, with prices unaltered. There are still plenty offering but the demand is very restricted. Last week the Kaitoke took 2,660 sacks to Auckland, and tomorrow the Karepo takes a similar shipment to the same port. Quotations for prompt are 95s for Whites and 97s 6d for Dakotas; April-June, £4 10s; July-September, £5 10s; July alone, £5 a ton. The price to farmers is £ 3 10s a ton on trucks. The onion market continues extremely weak, and the quotation remains at £2 a ton on trucks. There is an all-round dearth of orders. Peas have weakened as a result of advices from England, .which state that the crop there has been a particularly good one both in regard to quality and quantity, and it is not anticipated that England will require peas during the whole of the year. The latest quotation here is 4s to 4s 2d for Xo. 1. and to 3s 9d for fair average qualtiy.