GRAIN AND PRODUCE. »■

Manawatu Herald, Volume II, Issue 53, 27 February 1880, Page 2

GRAIN AND PRODUCE.

Gubistchttrch, February 21. With the exception of Sunday, we hnra passed through another week of fine favorable weather for harrest operations. There has been turns heat- and a fair strength of wind, which was much wanted to harden the wheat, now that a great portion of it is in stock. Another week will see the greater portion of the reaping finished, and we may then look for deliveries in real earnest. At present ships on berth are not working more than half time. A considerable business has been carried through during the week in all cereals, and although the prices ruling are not by any means us high as we should like to see them, still they are remunerative. It is true the margin in oats is exceedingly small, but the large yield brings farmers out on the right side. Wheat has been offering freely, and sales oa a large scale are reported, flu the basis of 3s 9d to 3s lOd fo. b Ly ttolton. This mode of buying appears to be in favor this season, and will no doubt suit all parties, as the bulk of the wheat will go direct from farmers' drays to the vessels .destined to carry it to the old world. A parcel of 60,000 bushels is reported to hare changed hands, but the price has not transpired. New flour will be in the market next week, when millers will give out their prices. At present the quo tation is nomiaal. Oats are selling freely at Is 3d to Is od, according to quality, whioh is almost more than the relative value in the Australian markets warrant. It is freely talked of in town that ere long oats will be obtainable at Is per bushel. We certainly do not sea the slightest prospect of any such ruinool price, and we will be orach surprised if gool bright' milling oats come lower than la 6J. New oatmeal is now obtainable st a price that should bring it into greater demand so soon as cooler weather sets in. Malting barley, of good quality, is in demand at 3s 6d, but lower grades cannot be quoted at mure than from 3s to 3s 3d. GradS seed is still offering freely, and considerablt} sales are .reported at 2s to 2s 6d, according to quality. Dairy produce is wtihout quotable alteration. — Canterbury Press.