THE GRAIN AND SEED REPORT,

Otago Witness, Issue 2250, 15 April 1897, Page 26

THE GRAIN AND SEED REPORT,

Messrs Samuel Orr an» Co., Stafford street, report for the week ending April 14 ai follows:— _ The weather has been changeable again during 1 the week, and what crop is cut i>i suffering very materially, liut after all there is not so much standing out in the south as repoits would make one believe, and when the weather takes up there will then be a rush of grain both here and south. Otit3. — The market was very active during the early parb of the week, and prices "firmed still further, and especially for good bright heavy milling, but now that the market is being "forced" a feeling of "hold off" is noticeable, and a reaction will ensue. 'I hose fanners who have therefo c accented the good pricts going arc to be congratulated. The whole demand has been speculation, as there is not a market open that can give equivalent prices with charge?. ±o what ,is ruling now. Moreover, we are opening the way for outside markets. As already stated, buyers are now in the mood of standing off Ihenj, a3 millers have stocks for their leqnireineuts of months, white other speculators have a1?a 1 ? many as they waul; others again will not touch them at the enhanced values. We sold several lines at Is 30J to is lid on trucks in the south, and quote prime milling SuUierlands and heavy bright spariowbills up to 2i 2d ; ordinary Is lid to 2s Id. Wheat.— The market for this has simply collapsed, and we cannot report much doing in it anywhere. Home markets aie all depressed too. We quote nominally np to 4-* 3£d for prime velvet and Tuscan : red sort", 4s to 4-; 2d. Birley.— We sold several good lines at prices satisfactory to growers. Chatf. — The market is not co firm as it was, £3 5s being about top rate. Potatoes. — Market well supplied, and selling at up to £3 5s for prime .Derwenh*.