THE MELBOURNE MARKETS.

Otago Witness, Issue 1824, 5 November 1886, Page 19

THE MELBOURNE MARKETS.

Messrs Goldsbrough and Co.,m their monthly report dated October 20, report as follows on the Melbourne markets : — During the month very little business has been transacted in the breadstuffs market, and the sales effected have been of limited extent only. Millers now only purchase wheat for th^ir imm»diate requirements, and there being no demand whatever for export, prices ruling last month have been barely maintained. The weather for the last few weeks has been tinusuallv favourable for agriculture, and the growing cropa have made great progress throughout the colony, giving promise at present of a large available surplus for export next year. The demand for flour to supply the requirements of Now South Wales and Queensland has continued brisk, and prices have been well maintained, for, notwithstanding large supplies from the country mills, a gradual reduction has taken place in stocks, and the season is likely to close with smaller supplies remaining on hand than for several years past. ' Wheat has remained fairly steady at 5s to 5s 2d for inferior to medium parcels, and 5s id tc 5s 5d for good to prime milling. Flour has been exported freely, quotations ruling from £11 to £11 fis forstone-dresspd, up to £12 10a for rolled, with limited stocks remaining on hand. Oats dull of sale, -with' little inquiry, at from 2s lOd to 3s for Inferior to medium, up to 3e 3d for good stout, and 3s 4<i for milling. Barley nominal at from 2s 93 to 3s for feed and 3s 8d te 4s 3d for fair to good malting samples. Pe*se realised 3a 3d; make, 4s to 4s Id; bran, is 2d per bushel. '• ' WooJ -rPaSpite the unsafclßfactoryterraijsHtVin of wTOfflTO^^S'wHiTOli® > fi'£teutoß% pot "wifch opKung

rates— the Improvement of from 7£ to 10 per cent, established during the first part of their currency having been lost — prices on the whole ha\ c remained pretty firm with us, for although scoureds are decidedly easier than at the opening of our season, greasies show little change, present values being about 3£d per lb on the former and 2d per lb on the latter description better than last year's opening rates. The sorts most in demand so far are th« fine soft brown wools of the Upper Lachlan and Central New South Wales districts, also bulky pieces, which fin i greit favour with the Contineutal section of the trade. Shafty scoureds and thecoarßer discretions of crosßbredß"are in request for Yorkahliv ; indeed, all varieties of ■he staple have re'dvs-le at very satisfactory prices, and thece is every prospect of the selling season 18M3-7 being one of the most favourable yet experienced in Australia.