DUNEDIN MARKETS.

Oamaru Mail, Volume XXXVIII, Issue 10604, 5 November 1910, Page 6

DUNEDIN MARKETS.

; (Otago Daily Times.) f For the last month or so the geue--ral wheat position has made no great .changes. What alteration or activity ' 'has heen apparent has been in relation -to" cheap grade wheat-for shipment from Lyttelton oil easy freights for the Home market. A fair quantity of 'space of the cargo-filling order has been on offer for November, but of late it has been slightly more difficult to secure grain. An outstanding reason for this is the continued dryness of the season in the Canterbury district, which is inducing farmers to hold their grain. Millers have not been operating very freely, having in most cases some stocks, but it is anticipated in some quarters that some movenjent will take place .shortly. In the , meantime the market remains .very quiet, with the tendency mentioned to tighten in Canterbury.' Prices have not altered' locally since last week, and may be quoted at 3s 6d to 3s 7d, ex store, for red wheats, and up 'to 3s lOd and 3s lid for velvet. The local stores do not hold great quantities, and 'there will be very - little, cleaning needed, it is thought, for the wool, which will be coming in in about a month's time. There continues to be a fairly active demand for bran, of which the supply is not too large. Prices have not, however, altered during the week. The tariff of the Flourmillers' Association for floijr and 'other lines is as follows: — Flour: Sacks. £9 os; 1001b bags, £9 15s; 501b bags, £10; 2Slb bags; £lO ss. Oatmeal, £ll 10s per, ton. Pearl barley, £f3 10s per ton. : -Bran, £4 10s per ton. Pollard, £5 per toil. The oats position isr, if anything, more difficult than it was last week. The demand from the north, is still considerable, but the farmers 'are as firm holders as ever, and apparently have great faith in the future—a faith which the merchant does not share. So far as is known, there are very considerable, stocks .of-grain., held in 'the south —all on farmers' account, —and barring tfhe happening ofJthe tinfcreseen, there should be no question of r \ •shortage. The prices appear to be to o6me extent troubling northern buyers, who aver that they can purchase elsewhere at rates lower than" those offered by Dunedin merchants. As a matter of fact, it may be said that grain lias been bought froiif'the north at lower rates than obtain locally. P.rices ,show no alteration from those luling list week. A grade.Gartons, 2s 2d to 2s 2}d, f.0.b., s.i; B' grade and A grade Sparrowbills,- 2s l^d.i