COMMERCIAL

Waikato Times, Volume XXXVII, Issue 2983, 27 August 1891, Page 2

COMMERCIAL

The Waikato Times Office, Wednesday. MAKKKT RKPOUTS. 'J ItK New Zealand I,om and .Moreant.de Agency Company (Limited) report us under :— DI'NKIMN. August 13. — Grain.—Wheat: This market is bare of all sorts, especially prime milling, for which thoro is a growing demand. Millers, while operating quietly, ovinco a keener desire to procure further sipplios, and, although prices show no advance, tho position is evidently in favour nf sellers, and the tendency pointing to onhanced values. Fowls' wheat is also in good demand ; but while inferior barley can bo obtained at the low prices ruling this s ;asoii, no advance can be secured for the firmed.—Oats; The demand during the past week, while moderate, has not been extra brisk, chiefly owing to the Australian markets being more than fully supplied with previous shipments arriving from New /Sea--1 uid and consequently offer loss inducement for speculation ; at the samo time, a moderate business is being dune for shipment coastwise, also for local requirements. At the moment there are no indications of any immediate improvement, and, considering tho stocks still on hand, also the promise of ii plentiful supply of feed all over tho Austialian continent, it is quite probable that even further on higher prices may not b-i obtained.— Potatoes: Thero is no improvement in values for these, the supply being still in excess of requirement. Quotation for best Derwents, -12s lid to Ins ; medium, 30s to 40s per ton (sacks weighed in).—Dairy Produce : Only a moderate dumand for prime salt butter at 7d to 8d ; medium, hard to place at 3d to (!d per lb. Cheese : Factory-made, medium size, 4Jd, to 5d ; loaf, 5d to 5Jd per lb. Apklaide. August 6.—Wheat : There has been an improved feeling in the market, and several sales are reported at equal to •U 10d to Is lid on trucks Port Adelaide Railway Station. Soveral cargoes have boon sold for South Africa, thus, reducing stocks, and should a furthor demand arise for export, wo look for an increase in prices. Under dato 4th inst. our London hot-so wired us as follows :— " Quotations ars nominal. Theru have been destructive litorms, and thOiinarket is rising. There are uumorous buyers.but no sellers."—Oats: (duty 2s per cental).—Tho market is unchanged at 2s 3d tier bushel, in bond, for fair average New Zealand feed. Stocks are ample for present requirements. Mklhouknb. July 31.—A very quiet woek has been passed in the (train markets, and tho transaction reported restricted in extent. So far as Wheat is concerned, the trado continue to hold olf from purchasing parcels, notwithstanding they hold short stocks, and declina to give prices asked by holders. Tho result of auction sales have been unsatisfactory, bleached and modium qualities representing the bulk of parcels quitted. The question of supplies »till held in the country is freely discussed, but opinions are so diametrically opposed that considerable difficulty is found in arriving at a satisfactory conclusion. Some three season since it will bo recollected that statements were made, apparently on the best information, that there was little or no Wheat left in farmers' hands, and prices jumped to a high figure. This movement was followed by the somewhat unexpected offerings from numerous quarters, with the result that purchasers at the high rates made considerable losses. Melbourne millers, it seems, have not forgotten this experience, and hence appear to prefer just buying enough to keep their mills going from week to week, instead of purchasing in quantity. On the other hand, holders profess to be quito satisfied with the uutlo;>k, and hence aro not pressing sales. Our latest London advices by cable reported a firmer market, the weather being unsettled in the United Kingdom. Mail reports all concur in tho expectation that prices will harden as th 9 European winter approaches. This is the point of most importance to our farmers, as business in tho lato crop for shipment has, it may be said, ceased. Good accounts are to hand from the country regarding tho growing crops, which are well forward and look healthy. LONDON WOOL MARKET. Under date London, July 7th, Messrs Charles Balmo and Co., brokers, in dealing with tho prospects of the approaching wool season, make the following remarks, which will bo of interest to many of our readers in view of the rapid development of the sheep industry of this district: —"All tilings considered, and in view of the existence of many unfavourable conditions, which it has been feared might be reflected in tho state of the industry, the comparative stability of the market may be regarded as satisfactory. It may probably bo in a measure explained by a careful policy of avoiding accumulations of atock, which for some time past has been observed by consumers generally, and possibly only partially by the surmise that any prejudice which may accrue to the industrial interests of Wostorn Europo from the prevailing financial depression lias not as yet, at all events, been seriously felt, while the relative cheapness of the raw material may perhaps have contributed not a little to the maintenance of a large scale of consumption."