GRAIN AND WOOL REPORT.

Otago Witness, Issue 1928, 2 November 1888, Page 18

GRAIN AND WOOL REPORT.

Messrs SamttklOrr and Co., Stafford street, ieport for the week ending October 31 as follows :— Wheat.— But little business has been transacted hereduring the past week, as the millers are still well stocked, and to induce them to operate means accepting less than the value of the cereal, which, ou the face of the firmness of the English market, would not be conducive to the interests of the grower. Latest advices show that the Home market still maintains an attitude of firmness, along with those of the Continent and America, while the drought in New South Wales is playing havoc with the grain crops. With such reports before us it cannot fail to be seen that our wheat stocks nre of capital value. Large shipments are still being made from Northern ports, thus strengthening tho hands of the few holders remaining. We quote : Extra prime milling velvet or Tuscan, 33 10 dto 4s ; medium, 3s 4d to 3s 9d ; inferior and fowls' feed, 2s 6d to 3s, with an increasing demand. Oate.— Durlag the week a few truck loads arrived, which were readily placed, while inquiries |have been made for larger parcels, but which it is impracticable to get hold of, as the stocks here are so bare and arrivals so small. Ofie thing is now certain, that the stocks in the country are nothing like as heavy as they have been in former years for this Benson of the year, and that these stocks have been considerably over-estimated is now beginning to be , felt. Our Australian markets since last reporting have advanced 3d to 4d a buthel, and which during the past month we pointed out would be the case so soon as the heavy shipments from here ceased. Their priceß yet are not in full aympathy with thOBB ruling here, but will be so soon. We quote prime millinr at up to to 2s 4d, and at which we sold several parcels during week (off truck) ; medium to good stout feed, 2s Id to 2s 3d ; interior and off-colour sorts, Is 8d to 2s. Barley.— Sales are now few, and then only of prime Northern, malsters having put in their supplies some time ago. Fo»d and milling entirely neglected. Quotations nominal, say tor prime malting, 3s lOd to 4s; feed, 2s ; milling, 3s. Chaff.— Arrivals during the week have not been of an extensive nature, and just sufficient to keep the market going, and consequently late prices have been maintained during the week. We quote : Tiptop oaten sheaf, if well cut and scoured, at £? 10a ; medium, £2 17b ed to £3 sa. Potatoes.— The market has been a little easier during the week, so that Northerns are not worth more than JE3 lOs, and Southerns from £2 10s to £3. Wpol.— Already a few odd bales have come forward of the new clip, but it would be premature to give an opinion of its quality or how prices will go during the coming season— at least in the meantime. The buyers are not even on the spot. Australian advices show, however, that the market there ha 3 been fully established, and that prices at the last sale were decidedly firmer, to the extent, it mi y be said, of Jd per lb all round. Latest Home advices say that on September 18 the market was firm at about the closing rates of the June-July series, but before the first week was over an advance took place, quoted at from £d to Id per lb on goad scoured merinos, and about £d on good greaeles and more ordinary scoured. After a slight relapse the sales closed firm. The feeling is gaining ground, not only here but elsewhere, that our local sales, now that they attract large Home and Continental buyers are better than shipping Home, and we believo that this year tome large clips will find their way into the market which have not in previous years. We purpose this season auctioneering all wool sent us for sale, and can assure those who favour us with their clips that they shall be given every attention to, while the charges to the grower willbe materially reduced, and the usual charge to the purchaser completely rescinded. We will supply woolpacks to those who send us their wool at 2s 4d, so that with all these Inducements we sincerely hope to merit the patronage ofjthe principal of the farmers , business in Otago, and have a large catalogue to offer at end of November or beginning of December, We are now making advances on clips to come forward, without any commission charge.