GRAIN REPORT.

Otago Witness, Issue 2046, 11 May 1893, Page 24

GRAIN REPORT.

Messrs William B. Reynolds and Co., Stafford street, report for the week ending 10th Mayas follows :—

The weather lately has been very unsettled, consequently farmers have been delayed from forwarding grain to some extent,* and in some districts threshing has been stopped for several days. Wheat.— Cablegrams from London denote a slightly firmer tendency there, although, quotations remain much about the same. It is very hard to give advice as regards this cereal as the prospects of a rise are very remote at present. Consignments still continue to come in freely for storage, and we can but repeat our remarks in our last report— viz., to store on the chance of a rise, Very few parcels are being sold locally, although millers are prepared to operate at quotations, especially for prime samples. Fowl feed is still in good demand, and can easily be placed at up to 2s 3d, ex truck. We quote : Prime Tuscan and velvet, 2s 9d to 2s lid ; medium to good, 2s 5d to 2s 8d (sacks in and terms).

Oats — This market is much more animated this week, and prices , show a slight advance. Large quantities still come forward for storage, and very few lines have been offering ; consequently buyers are eager after any parcels that come iv for immediate sale. Milling remains about the same, but bright feed and second quality show a decided improvement upon last week's quotations. The market in Australia denotes, little improvement, although from reports to hand we learn that supplies are not so plentiful, and we may see an outlet in that quarter before long. We quote : Prime milling. ]s 9d (extra prime for seed a little more) ; good heavy feed, Is Bid to Is 9d ; good medium, Is 7sd to Is Bd.

Barley. — This market continues to show a weaker tendency, and the demand for local requirements may now be said to be practically over. Only very prime lines are being sought after, and medium is slow of sale. We quote : Prime malting up to 4s 2d ; good medium, 3s 6d to 3s 9d.

Chaff. — Heavy supplies continue to come in; consequently buyers are not eager after consignments. Best is worth up to 47s 6d ; medium to good, 42s 6d to 455. Potatoes.— Supplies exceed demand, and buyerß are picking up parcels only as required. We quote : Prime Derwents, up to 52s 6d ; medium, 453 to 50s.