GRAIN AND SEED REPORT.

New Zealand Tablet, Volume XVI, Issue 12, 13 July 1888, Page 15

GRAIN AND SEED REPORT.

Misses Samuel Obb and Co., Stafford street, report foi toe w«e* ending July 11 as follows :— Wheat. — There is no change whatever to report in the market for this cereal, millers not yet being inclined to lay up stocks in «nt icipation of an advance, which, judging from exports north, must take place in a short time, as supplies for the south must come from there. The exports from north and the quantity for which freight has been engaged — not taking into account casual crafts which may come in, or what steamers may take — amounts to date to over 300,000 sacks. We are strongly of opinion that, taking this quanthy into consideration as going out of the Colony, and that stocks in the South are comparatively nothing of prime quality, that in the course of a month or so prices will improve. Meantime, we quote prime milling, Tuscan, and red straw up to 3s 2d ; medium, 2s 6(1 to 2s 9d ; inferior and fowls' feed, Is lOd to 2s 4d.— Oats : It may now be fairly stated that these ate on the "spring," and notwithstanding our inter-colonial markets being somewhat para* lysed with the continuous flow from the South, they have been able to withstand it all, and from latest advices their stocks are not too heavy, and prices firming, while the demand is expected, Melbourne especially, to be unusually heavy this season. With such information before us, and the fact of the bulk of those in store being held by speculators, it cannot be wondered at that prices are improving, and, should the latter maintain their idea of holding, prices cannot fail to go up still. During the week we placed a large quantity at from Id to 2d a bushel more than we could have got for them a few weeki ago, and now we quote extra prime milling up to Is 9jd, while for a beautiful line of bright Canadians we were offered Is lljd ; good, bright feed, Is BJd to Is 9d ; medium, Is 7sd to Is B£i ; inferior, Is 4d to Is 6d. Barley — Malsters are all nearly supplied, and even though offered prime samples they are not inclined to go over 4s 3d ; sacks extra. Milling and feed even also easier, and prices nominally 3i 4d and 2s 6d respectively. We have an exceptionally fine lot for seed purposes for sale, but quantity being limited early application is necessary. Chaff. — The arrivals recently have exceeded the demand, and as a result several good lines had to be quitted at under value, but now that the weather has broken, a much better spirit will be introduced and prices will improve. Potatoes. — It is now being recognised what we pointed out some time ago, that the crop would be a short one, and what with this and the frost, which seems to have been general both North and South, which cut them up terribly, supplies will be scant and barely sufficient for all requirements, as some of the markets on the otherside are also low. Prices during the week have improved from 2s 6d to ss, and Northerns may be quoted at £3 ; Southerns from £2 10s to £2 12s 6d according to quality. Seeds. — Ryegrass : We sold several lots of Poverty Bay, from old pasture, but local grown is without sale. Cocksfoot : We sold another large line during the week, and as stocks here are not so large, we are of opinion that prices will be better as the season advances. Clovers: Our Bupphes for the season are now to hand, and will be pleased to forward samples aDd quotations to any wishing to purchase. Me. F. Mebnan, King street, reports : — Wholesale prices, bags included : Oats, medium to prime, Is 6d to Is lOd. Wheat : milling, 3a to 3s 3d ; fowls', plentiful, Is 9d to 2s 3d. Barley : malting, 4s to 4s 6d ; milling, 3s 6d ; feed, 3s. Chaff: best, £2 15s ; medium, £2. Hay : oat, £3 ; rye-grass, £3. Bran,£3los. Pollard, £3 10s. Potatoes, Northern, £3 ; Southern, £2 12s 6d. Butter : fre3h, lOd to Is 2d ; salt, good demand, prime, B£d. Cheese, 3d to 4d. Eggs, Is 2d. Flour, roller, £8 10s to £9 ; in 501 b Btone, £7 15s to £8 ss. Oatmeal, £8 l)s to £8 ss. Roll bacon, 7d ; sides, 7£d ; hams, 9d, both scarce.