WHEAT.
SOUTHERN MARKETS. Tlie bulk of the wheat on the Taieri has now • been sold, and the prices realised have been above those arranged. by millers. Most of the wheat was placed on a forward delivery basis. The wheat from, around Milton and Balclutha -is just starting to come on the market. Growers are asking 7s on trucks, but an occasional lino lias been put through below this figure. Reports from around the Oamaru district go to show that farmers are holding out for higher prices, and tlie only lines of wheat offering on millers f o.b. basis is the Dreadnought variety. The weather has been fairly good, and tho harvest is now well advanced. There is still an element of uncertainty about tho wheat market. Somo farmers aro storing their wheat in Oamaru, and others holding it on the farm, in the hope that prices may make a forward movo. Tho tendency generally, however, is in the direction of accepting the ruling prices—i.e., 6s Sd for Tuscan, 6s lOcl for Hunters, and 7s for Velvet. Several large fines havo reached tlie local mills during tho week at schedule prices, and other largo lines have boon purchased at similar rates for southern mills. The Oamaru mills havo been working short time of late, owing to tho largo accumulations of flour. Two mills, indeed, have been closed for several days, though one has resumed ill order to fill northern oi'ders for bran and pollard. AVhile heavy stocks of flour are held by the mmol's, there is a shortage of bran and pollard.
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Timaru Herald, Volume CXXIII, 6 April 1926, Page 9
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261WHEAT. Timaru Herald, Volume CXXIII, 6 April 1926, Page 9
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