GRAIN AND SEED REPORT.

Tuapeka Times, Volume XXII, Issue 1629, 5 October 1889, Page 4

GRAIN AND SEED REPORT.

Meosrs Saxubli Obb and Co., Stafford' ■tract, Dunedin, report for the week ending October 2nd as followi :— Again we have been faroured with another week of glorious weather, so that farmers are poshing on with their work in a vigorous manner. A day's rain, however, would be rery beneficial. Wheat. — The only change in this important cereal is, a slight adrtnce, 6d a quarter, at. Home, but which has h»d no effect of hardening it here, nor likely to, vnlera it is a very tangible advance. In Victoria the crop proi miaes to be a very plentiful one, while that o

South Australia is also good and will leave a very, targe' gunntity for shipping, so that we .have no outlet there for it. California is «till keeping sending in. Loc*l!y, there is very little business doing, as millers are working short hours, the demand for flour having considerably eased . off. Our quota tioni are purrly nominal, say fcr prime milling 3s 6d ; medium to good, 3a to 3s Id. Oats,— Never in our experience did we see such s collapse as has taken place during the past week, as every day brought intelligence of a drop on the other side. The cause of such a panic is the result of the plentiful supply of grasa and California competing against us ; while the shipments from hero are &'ing on fast «md furious, with special steamers engaged to take over 50,000 sacks away during tbe next fortnight, so as to get in before the extra duly goes on on the 24th. With this quantity an.l what is there already, they have sufficient to carry them through till January, so that no change in their position can possibly be expected on the spot. The milling trade is completely disorganised at present', so that our local business in absolutely nothing, which has never been the case here. Milling oats are only worth 2s to day— and that, too, for prime ; feed, Is 9d to Is lid j inferior, li 6d to Is Bd. Barley.— No business transpiring yet, co give no quotations. Chaff.—^Market over supplied with prices easier, say for prime oaten sheaf, £3 10s; ordinary, £2 15s to £3 ss. Potatoes.— There is no stir in these, though it was expected a few days ago, but Melbourne has. gone back, though Sydney is keepin? up. Grass Seed. — Byegrass: A very fair demand continues, a few ?ales taking place at from 3s 6A to 4) 3d for machine dressed old pasture quality ; but farmers' dresaed parcels are neglected. Cocksfoot i 3 still in good demand and selling from 2 id to 4d per lb, | according to quality. Timothy is also in better demand than it has ever been, its quality as a permanent pasture only beginning to get known.