OAMARU GRAIN AND PRODUCE MARKET.

Ashburton Guardian, Volume VII, Issue 1998, 27 November 1888, Page 2

OAMARU GRAIN AND PRODUCE MARKET.

* • The " North Otago Times" of yesterday reports of Saturday's market as follows :— The looal market was somewhat excited, and £1 a bag for wheat and oats was talked of, bnt no business of any Importance is recorded. A line of velvet wheat was sold at 4s 6d ocr busho), and Tußom is worth from 2d to 3i more. I Ow'ng to the excited state of tbe market 1 transactions are few, and millers and exporters are somewhat dubious sf tbe oause of the iuoroased values, and are Inclined to attribute the rise to thg over anxiousneas of speculators, The drought m the Australian oolonles is the immediate cause as accounts of the European harvest woold ' ln themselves have a quietening tendency on tbe New Zealand markets had New Zealand to look to London at her market. Oats have Increased In valne astonishingly Ust. Oats, selling at 2s 6d last week, are worth up to 4s now, and h.lders anticipate a further advancement. Potatoes have again gone up, and a Una of a few tonci changed hands daring the week at £11 10s ; and £12 a ton was quoted to-day. The following are the quotations : — Whb.it— ■ Prime velvet, 4s to 4s <H } prime Tuscan la worth from 4» 6d to 4i 9i. Oats— Short, 4s to 4s ld ; Danish and Tartars, 3s 9d to 4s. Potatoes— Small parcels, £11 ta £12 per ton. Baulky— Seed, 4s to 4s 6d ; malting, 4s 6d to 4» 9d ;• milling, 2s 8d to 3s. Ryeobass-— Maohine dressed, 2i 91 to 3. 3d ; undrensed farmers' lots, 2s to 2* 3d ; Poverty Bay, 4s 31.