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COMMERCIAL. OAMARU MARKET REPORT. North Otago Times Office,

Saturday Afternoon. The stagnant state of the market lepoi ted la&t week lias been broken by a number of transactions, and the tone of the inaiket is tinner. This is due to the impioved state of the values for wheat at tfome which have advanced to the figmes previously quoted. It is stated that the tightness of the money msuket wai the eause of the reported .decline at Home, and that the outlook on the Cou tinent and in America is favorable to better ptier^ At any ivte the Omaiu marKet has tinned, and whe.e there were no tiansactiou3 last week theie have been a cousidciable amount of business doing this week, l'timc Tuscan his. changed hand? at up to 4s Id, and up to 4s 'JUl ami 4s 3d is quoted for f.o b. shipments. Mixed lines have been quitted by farmers at 4s net, sacks extia. Oats, if anything, ha\e slightly improved. Fume shoit have been b-niyht at Is od to Is 6d : Tartar <md Danish command from Is 2d to Is 4d, ac coiding to quality, There have al&o been a fmv transactions in buley at equal to '?s 4>1 to 2s 6d to the farmer, and there is moie enquiry for this cerea'. Potatoes aie veiy flat and difficult to quit at anything over LI per ton. Otic merchant is open buy some hundreds of tons at this puce. Stocks in town are not large, but the demand is only local, and growers have still the bulk of their crops on hand. With the advance in the price of flour to L12, bran and pollard have increased in value, and are quoted at L3 os and LS 10s l j^peotively. The Sydney market is a»ain firming The other markets are unaltered, Daily produce n slighfc'y easier. Local made butter is quots-l at from 7<1 to 10d, and fac oiy-made at lid to 12d. Eg%s aie more plentitul, and ha\e chopped to Is. Pork (heads and feet oft), 3d to 3Jjd.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NOT18910601.2.5

Bibliographic details

North Otago Times, Volume XXXV, Issue 7152, 1 June 1891, Page 2

Word Count
342

COMMERCIAL. OAMARU MARKET REPORT. North Otago Times Office, North Otago Times, Volume XXXV, Issue 7152, 1 June 1891, Page 2

COMMERCIAL. OAMARU MARKET REPORT. North Otago Times Office, North Otago Times, Volume XXXV, Issue 7152, 1 June 1891, Page 2