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Melbourne Grain Market.

The National Mortgage and Agency Go. I of lijew Zealand report under date April 1:— A dragging market has been experienced for almost all cereals during March. Farmers continue to hold back their best Wheat and part with the inferior grain which millers generally are compelled to use; some of them were fortunate enough to have laid in a stock of prime old wheat at the end ef the season and, by mixing, are able to turn out good flour; these brands are eagerly sought after and the millers have had to refuse orders, lest their stock of prime should be exhausted befp.re goo,d ne,w wheat is 'placed on £he market in fair quantities. What good -milling has been offering has been keenly competed for, and an advantage of about Id per bushel has been established. Deliveries of Qats by rail continue large and the bulk are being stored, the demand having fallen off considerably; dealers stocked themselves during 'the first tw,o, ntcnths and ate now complaining I'of the tmietnsss in the distributing trade, consequently when holders are forced to sell heavy concessions, hafe to b,e n\adetoquit even moderate*si?ed paroels, Barley,, especially Cape, is suffering in a similar manner, the bulk of arrivals finding their way to store for higher rates. Inferior English is largely used for mixing, coining cheaper than wheat, and were it not for the plentiful supplies, wquld surely harden. pomparativ:ely littlo good""malting 1 is reaching the market and 4s to 4s 2d can be readily got for all that is offered. qriie damage done to the crcm by the excessive' ruins and floods in jSew South Wales and Queensland has caused a firmer market for Teas which have gajnod about Id r,cii bushel the past ten days. Grass Seeds h'avo' not had much demand till recently, wlj fft «bwg it the wittier toolCjilwej >

I and now farmers arc slow to purchase at the advanced prices. The recent rains have done the late Potato crops an amount of good, but it ia feared they came too late to be of very much service and hick prices throughout the year are expected. Dairy produce continues in abundant supply and prime Butter realises higll figures ; the bulk of the offerings are of indifferent quality. Wheat.—Arrivals during Slarch averaged about the same as February, viz:—45,000 bags per week including those at Geelons and the suburban sidings. Prices remained steady at 3a 7d till the middle of the month, when a firmer feeling set in' and marketT 1' closes strong at 3s 8d to 3s 9d for good . milling ; 3s 5d to 3s 7d fcr fair to medium,'/ ana 3s to 3s 4d inferior to dirty. . - „;jr - Oats. —Arrivals averaged about 14,OW"*'"': bags per week, a. considerable quantity being comprised of dirty samples, which are extremely difficult to .quit ;:holder»of:cdisj v i colored New Zealand's have been pushing . them off lately at 2s 9d to tlld^iigat we are of opinion that stout samples, however dark, as long.as they, are not absolutely r " stinking " will realise better prices shortly; ? a discolored long oats are unsaleable,', as j-, Calcutitas and Algerians are equally good^ for mixing, and can be bought at Is *10a to"" 2s 4d; clean samples of the latter are, how* ever, scarce, and are"' held .firmly <$<%.» aeed, at 2s 6d to 2s 9d. Seed Tartarian*^, have not much demend at present,.; but it will commence shortly^ *i*l, c M}%^ .. torians, of which there are fair, dwnjbitielGt available, will be used instead of New Zealatter] We quote good New Zealand atpiit I feed at 3s to 3s Id j and to 3s 2d'for nufling;" Barley.—Country deliveries about 16,000 ; bags per week. . Good, malting.is saleable at 4s to 4s 2d; fair to medium; -3s 3d: to 3S 9d; inferior sorts down "to 2!a*2d; Cape, 2s to; 2s 3d. „ ■'■;.,-.---. ; Peas.—Are firmly heldrin rthe country and prices are relatively higher than in town. Owing to-the scarcity of Maize and 'the! advance in that cereal, values are slightly : better than a month ago. ■•"; We quote 'W-jiSw^ to 3s 3d for good sound samples. ■ Geass Seeds.—Have nut been as brisk ai , could be wished. Cocksfoot has had a better, demand than ryegrass, but it; is impossible . at present to get the New Zealand equivalent for either. We have sold ryegrass at -from'- „ 3s 3d for dirty old to 4cl9d for best samples of this season's, but the largest buyers *«'£ % pay over 4s 6d. Cocksfoot moves off aip toU 40 for clean heavy sa»pJes.x::' ri . tT 7;

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18900409.2.20

Bibliographic details

Melbourne Grain Market., Ashburton Guardian, Volume XII, Issue 2396, 9 April 1890

Word Count
753

Melbourne Grain Market. Ashburton Guardian, Volume XII, Issue 2396, 9 April 1890

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