OAMARU MARKETS. (From Our Own Correspondent.)

Otago Witness, Issue 2801, 20 November 1907, Page 21

OAMARU MARKETS. (From Our Own Correspondent.)

OAMARU, November 17.

The week has been a very quiet on.* here. Two diminutive parcels of wheat have changed hands at 5s 6d and 5s 8d ret at country stations respectively, but, geneially, holders are firm in quoting 69 ex stores, at which figures millers clecline to operate.

Oats have been purchased at 3s 7d and 3s 9d net at country stations for feed, and at 3s 9d for milling. Hot ail parcels command 4s ex store, and even a little more.

During the week £4 and £5 f.o.b. has been accepted for Derwent potatoes, and up to £4 10s for Up-to-Dates, the recent high prices having brought about an over-supply, and a consequent decline in values.

Growing orops of all descriptions are making excellent progress,

GISBORXE STOCK MARKET.

GISBORNE, November 14. At the stock sa!e3 wethers sold at 17s io 22s 3d, fat ewes at 18s to 19s 9d, store ewes at 12s 3d to 17s, prime fat hoggets at 18s to 19s 6d, medium at 16s to 17s 6d inferior at 11s to 14s. Fat steers 'brought £i 8s to SI ss, fat cows £4 17s 6d, store steers £3 8s to £4 ss, and store heifers £1 5s to £3 10s.

GRAIN AND PRODUCE SALES

Messrs Donald Reid and Co. (Ltd.) report: We held our usual weekly auction sale of grain and produce at our stores on Monday. The attendance of biiyers was fair, but competition was not spirited, and in consequence several lots, chiefly oats, had to be passed in. Values ruled as under: —

Oats. — The quantity coming forward is extremely limited, but in the absence of anything like a steady demand for export the stocks on hand in stores are sufficient to supply requirements. Quotations: Prime milling, 4s; good to best feed. 3s lOd to 3s lid; inferior to medium, 3s 6d to 3s 9d per bushel (sacks extra).

Wheat. — A very limited business is being done in this market, and sales are confined for the most part to lots of fowl wheat for local use. In milling quality there is practically no business passing. Quotations: Prime milling (nominally), 6s Id to 6s 2d; medium and whole fowl wheat. 5s lOd to 5s lid; broken and damaged, 5s 3d to 5s 9d per bushel (sacks extra).

Potatoes. — For some time consignments have been, pouring into this market, and as there has been absolutely no opportunity of effecting sales, stocks have accumulated to a considerable extent. The season is now so far advanced that holders are not disposed to take the risk of consignments keeping in sound condition, and in consequence a fair quantity was submitted to-day for a-bsorute sale. Indifferent and unsound lines were neglected, but freshly picked lots in sound condition realised £2 5s to £2 10s-; fair to good, £2 to £2 2s 6d per ton. Chaff. — Moderate supplies are coming forward, and all bright heavy oaten sheaf chaff haa a ready sale "on arrival. Medium and inferibr sorts, although saleable, have not the same demand. Quotations: Best oaten sheaf, £6 7s 6d to £6 12s 6d; choice, to £6 15s ; medium to good, £5 15s to £6 Lb; light and discoloured, £5 to £5 10s per ton (bag 3 extrai.

Straw. — Oaten is in moderate supply, and v sells *♦ £2 16s to £3. 'Wheaten is scarce, < and has good inquiry at £2 7s 6d to £2 10a per ton (pressed).

Messrs Dalgety and Co. (Ltd.) report as follows: — We held our weekly auction sale of grain and produce at our stores on Monday, when we submitted a large catalogue to a poor attendance of buyers. Competition throughout the sale was very slack, and as a result a large portion of the catalogue had to be passed in pending private sale. Values ruled as under: — Oats. — There is no change to report either in values or demand. The high prices ruling have resulted in a great falling off in the consumption, but, as offerings are very light, th-* market well maintains its strength. Quotations: Prime milling, 4s; good to best feed, 3s lOd to 39 lid; inferior to medium,

3d 6d to 38 9d (ex store, sacks extra),

Wheat. — Holders' confidence in this market is unprecedented, but as millers are not kesnly disposed to give prices they are asking, little business is passing locally. Medium milling quality still meets with inquiry for fowl wheat. In the absence of sales of note

quotations are nominal. Quotations: Prime milling, 6s Id to 6s 3d; medium do and fowl wheat, 6s lOd to 5s lid ; broken and damaged, 5s 3d to 5s 9d ex store (sacks extra).

Potatoes. — The market is glutted with consignments, and, with a lull in the shipping demand, values show a further decline of about 30s per ton on last week's quotations. Quotations: Prime Derwents, £2 15s per- ton. (bags in); Up-to-Dates, of good table size, fwtahlyi picked, £2 5s to £2 10a; medium to good, £2 to £2 2s 6d; small and inferior lir.es, almost unsaleable, II 10s upwards. Chaff. — The market is fairly well supplied. Pjime bright oaten sheaf is prircipally inquired 1 for, but other sorts are saleable at quotations. Values remain about the same as last week. Quotations: Prime oaten sheaf, £6 7s 6d to 56 12s 6d; medium, to good, £5 15* to £6 ss; light and. inferior, £5 to £5 103 per ton (sacks extra). Straw.— Quotations : Oaten, £2- los to £3; wheaten, £2 7s 6d to £2 10s per tan {pressed).