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DUNEDIN GRAIN MARKET.

Messrs Samnel Orr and 00. report for the week ending April 24 : — The arrivals daring the week of all classes of grain hate been numerous indeed, and have weakened the markets. In oats especially the quantity coming forward ia large, and more than the demand meantime warrants, bo that storage has been resorted to. The Australian markets show signs of weakening, but reocnt reports from there say that they oan absorb from 8000 to 10,000 Backs a week m Melbourne alone ; and as Sydney oan oonsume an equal quantity, wo oan see no reason whatever that oats should go lower than they are now. Tasmania Bent m a large quantity to Mel* bourne, whioh helped to stagger tho market there while the two special steamers from here arrived* Wheat. — Looally our wheat market ib a' - a standstill, aa millers will only purchase m very small quantities to keep their maohinery m operation, and their purohases are only confined to tip-top quality* The Home and Continental markets exhibit no signs of reviving, whioh of course keeps the market bick, while m Australia the demand is not so animated. The present price at Home would ouly admit of speculation at 3s 3d a bushel, and we feel sure farmers would not sell at this price and ship on their own aooount m the face of getting suoh disastrous returns. We quote prime northern Tusoan and velvet up to 43 2d : medium, 3j 7d to 3a lid ; fowl feed, 23 6d to 8s 3d. Oats.— On aooount of the holidays only a limited business has taken plaoe, and as arrivals are numerous and sales being pushed, prioes are rather easier, though during the week we sold good feed for the following : — JA Olarksville, JL EelßO, OFD Kelso, JK Eelso, at 2a 6d, saoks 6d; andWM'E Clinton, T and MH Waiwera, at 2s 6Jd, saoks 6d ; while for many others of same quality we got 23 7d and 2s 7Jd, bags m. For a quantity of T and MH Waiwera, we got 2a 7d, saoks 6d, to-day ; and quote prime milling up to 2a 7£d, bright short, stout feed 2s 6d to 2a 7d, inferior and discolored 2s 4d to 2s s£d. Our sales for the week have,been about 16,000 bushels. Bablei. — Demand looally is small, but for export there is a very good one, but quality mußt be of the very best. We quote prime malting up to 4s (saoks extra), milling 8s B<J, feed2alod.

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https://paperspast.natlib.govt.nz/newspapers/AG18890426.2.13

Bibliographic details

DUNEDIN GRAIN MARKET., Ashburton Guardian, Volume VII, Issue 2119, 26 April 1889

Word Count
415

DUNEDIN GRAIN MARKET. Ashburton Guardian, Volume VII, Issue 2119, 26 April 1889

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