GRAIN AND SEED REPORT.

Otago Witness, Issue 2009, 25 August 1892, Page 22

GRAIN AND SEED REPORT.

Messrs William E. Reynolds and Co. Stafford street, report for the week ending August 21 as follows : —

The weather during the past week has certainly been better than Nve baye experienced of late,

though at time of writing prospects for the coming week are not very promising. Wheat.— With regard to the state of the market for this cereal we can report little, if anything, fresh. Millers continue to buy prime lines at quotations, but will not advance, while holders in many instances are firm in their demands for higher prices, and consequently the business doing is not large. Advices from Home of rather a discouraging nature continue to come to hand and speculators are therefore indifferent about purchasing. We quote :— Prime velvet and Tuscan, 3s 6d to 3s 9d ; medium qualities, 3s 2d to 3s 5d ordinary, 2s fld to 3s Id ; fowl feed, 2s to 2s 6d. Oats.— We have predicted a firmer market for these continuously since April last, and our predictions are now being realised, for even since last reporting the market has made a further advance, and all lines now available, especially of good quality, are eagerly sought after. It seems now almost certain that stocks in farmers' hands are by no means large, and speculators are consequently operating. We would, however, advise our farmer friends to send their samples forward and entrust the sale entirely in our hands, otherwise they may miss the opportunity of selling at top prices, for we do not look for^n-ices advancing much further. We quote : Prime bright feed and milling, at up to 2s lid ; really good sparrowbill, 2s ; ordinary feed, Is 10} dto Is Hid ; inferior, Is 8d to Is lOd. Chaff. — There is, if anything, more forward, and 50s is difficult to get unless exceptionally prime. Ordinary is worth from 40s to 455. Potatoes.— Prime alone are saleable at from 25s to 30s.

Grass Seed.— The recent fine weather, if it continues, should result in brisk business in all kinds of seeds before the beginning of the coming month, for even now tho weather has affected the demand. Ryegrass is meeting with considerable attention, and some large lines are going out daily for immediate use ; at the same time supplies are so large that prices remain unaltered. We quote : Heavy old pasture seed, up to 4s 3d ; ordinary nmchinc-dressed, 3s 6d to 3s 9d ; farmers' parcels, 2s 3d to 3s. Cocksfoot is also in fair demand at from 2Jd to 4Jd, while clovers are moving off freely. We shall be glad to forward samples and quotations on application.