CHRISTCHURCH GRAIN MARKET.

Wairarapa Age, Volume XXXII, Issue 3178, 1 May 1909, Page 5

CHRISTCHURCH GRAIN MARKET.

By Telegraph—Press Association. CHRISTCHURCH, April 30. The collapse of the American wheat "corner" and the lower values now ruling in Australia have been reflected on the local wheat market, and during the last ten days prices have weakened to the extent of at least threepence per bushel, current values raging from 3s lid to 4s on trucks, at country stations, slightly higher prices being paid for extra prime parcels of pearl. There is an entire absence of speculation on the part of exporters, and for the most pqrt millers are indisposed to operate beyond what ia necessary for present requirements. Considerable quantities are being placed on offer, but, generally speaking, holders show little disposition to sell at present prices, being in most cases confident of the future prospects of the wheat market. The oat market is firm. Prices have an upward tendency, present values representing an advance from a penny to twopence, compared with the prices ruling a couple of weeks ago. Fairly extensive shipments are being made to the United Kingdom, and were shipping available, the trade would probably assume considerable volume. Space, however, is difficult to procure.