GRAIN AND SEED REPORT.

Otago Witness, Issue 1892, 8 May 1890, Page 20

GRAIN AND SEED REPORT.

Mr Samubl Obr reports (on behalf of Cameron, Eeynoldß, and Co.) for "the week ending May 7 as follows :—

In the country South the weather has been broken a bit, but North it has been fine, but altogether it is most exceptionally seasonable weather, and advantage of it seems to be (aken by those who have threshed, as large quantities of grain is arriving at all stations.

Wheat. — For this important cereal the market seems to have hardened a bit, whether from the advices of continued advances at Home, or a feeling that stocka in tho south arc not so heavy as usual! we cannot say, it is nevertheless patent, however, that millers show more spirit to purchase than has been the case for some considerable time. It is usually about this period of the year that the Homo market changes, as the harvest there and in America will be on in about three months. The continental markets, too, nto very steady. We quote: Prime milling—Tuscan, 3b 3d to 3b 3Jd ; velvet and red straw, 2b

lid to 3s 2f d ; ordinary, 2a 8d to 2s lOd -, fowl feed in good demand up to 2s 6d, but very scarce. Oats.— We very much regret to say the market shows not the slightest improvement, either in demand or value, nor do any of our outside markets give any indication whatever of a better feeling prevailing, consequently speculators on the spot have no heart to go in for auy unlesss for positive orders. Should, however, a further decline take place— which we sincerely trust will not be the case— it is very probable a large quantity will be bought up for purely speculative purposes, and retained for n time. We q iote : Prime milling, Is 5d ; ordinary, Is 4Jd ; bright short, heavy fead, Is 3|d to Is <'£d. Barley. — There is no change for the batter yet, millers and malsters alike beiDg both well stocked, and quotations for any grade would only be misleading, ao we refrain from giving any. Chaff.— The market is being well Bupphed, aud £i 12s 6d is the top for prime oaten sheat, screened

quality ; ordinary, £2 2s Od to £2 10s. Potatoes.— During the week these have come forward more freely than during any part of the season, and with the outside markets breaking, prices here have also collapsed. At auotion this week £2 17s 6d was the highest bid for the Northern grown, but £2 108 to £2 15s is ruling rate now. Seeds.— Ryegrass : The demand has now slackened off, and but little business will result now till spring approaches. Cocksfoot: Numerous inquiries, and pricea firming in consequence.