GRAIN AND PRODUCE.

Press, Volume XLVI, Issue 7421, 21 September 1889, Page 4

GRAIN AND PRODUCE.

The tone of both European and Australian market advices has been such as to cause a regular stampede to sell on the part of holders of wheat and oats. The feverish haste with which both large and small lines have been placed in the market has quite demoralized it, and buyers will only operate on the basis of English prices. Shipment to Sydney is now out of the question in the face of large and increasing stocks of both New Zealand ana Calif ornian grain. Australian millers are further restrained from buying by the rapidly maturing crops of South Australia, harvesting in that colony being expected to commence next month. From cable advices received from Melbourne yesterday we learn that the new duty on wheat takes effect at once, while that on oats and barley is expected to be in force in a week or two. Oats have also had a sharp drop, and reliable quotations cannot be given. Our neighbours at the Bluff have had the cream of this season's business, and continue to ship steadily at prices with which, unfortunately, Canterbury traders cannot compete. For barley there is still little enquiry, and prices are easy. Ryegrass hae fair demand, bub suitable lines are difficult to obtain. Cocksfoot is not in request, and sales can only be effected at a concession on last week's rates. Blue Prussian peae are asked for and seem to be lightly held, but other sorts are dull and neglected. Beans are without change. Potatoes, which at the beginning of the week showed signs of weakness, have again rallied, and prices are steady. Batter and cheese are exactly in tne same position as they were last week, and large shipments would be made to London if the requisite space could be found. The following are the quotations of the day:Wlieat— Tuscan .. .. 3a Id to 33 2d Dα—Pearl 3a Do.—Hunter's .. .. „ ta 10& Ohiok wheat „ .. ~ 2a 3d to te 6d Oats—Muling ~ .. 2s 3d Stoat short feed .. 2e 2d Ordinary feed .. .. Sβ Barley—Prime malting .. 3a 9d Dβ.—Medium malting .. 3a to 3a 3d Beans ....„_ 3a to3s3d Peas—Blue Prussian .. 3a 6d Do.—Feed 3s to 3s 3d Ryegrass 2s 6d to 3s Aye grass (machine dressed) ia 3d to la 9d Oockafoot 2idto3id Flour, in sacks (roller) .. £9 10a to *10 10a Oatmeal .. „ .. .. £13 10a Pearl barley £22 Potatoes, at country stations 65s to 67b 6d Bran e*s* Pollard JMIOs Oat staeßf chaff £110* Oatatraw .. *. .. £2 5s Batter—Prime 6dto7d Cheese .. .. „ idtoifd Hams and bacon—ln cloth.. 8d Prices for the above, potatoes exospted, are f.o.batLyttelton.