❖ We extract the following remarks on the London corn market, from the New Zealand Loan and Mercantile Agency Co. ’s Circular, of January last ; Corn Market. —The demand is quiet, millers generally being indisposed to make any bat retail purchases. Their inaction is in part attributable to the largo quantity of home-grown wheat cm offer, and in part to the liberal stocks on hand, added to which buyers are usually reluctant to increase their commitments at this time of the year. Exports from the United States, however, show a considerable decrease, and as the greater portion of the available supply of winter xvheao is stated to be in the hands of a strong clique of speculators, who, by keeping it off tho market, arc endeavoring to force up its value still further, few shipments will be made at present beyond what may be necessary to fill old contracts. The total quantity on passage from all ports is estimated at 2,069,555 quarters. Australian wheat of the now crop, for January-February shipments, has been freely offered and sold at 565. Gd. to 575. 6d. per 4801bs. c.i.f. For a cargo of the old crop arrived off coast (the Mizpah, 3731 quarters) 595. is asked, and 58s. offered. Shipments on passage are saleable at 555. Cd. for U.K., but that price is not accepted by importers. Stocks of Colonial wheat in London are now greatly reduced, and prices are about Is higher than those current a month ago. Latest quotations are : —South Australian wheat, 60s. to Gls. per 49Glbs. ; Victorian wheat, Gls. to C2s. per 49Glbs. ; New Zealand wheat, 5Gs. to Gls. per 496T05. ; Australian flour, 38s. to 445. per 280Ibs. ; New Zealand flour, 375. to 41s. per. 2801bs. Annexed is the usual list of arrivals during the month : Sepia, Port Pirie, 9002 sacks wheat ; Durham, s. Melbourne, 398 sacks wheat ; Rialto, Port Lyttelton, 14,765 sacks wheat; Himalaya, Port Lyttelton, 554 G sacks wheat ; Orari, Port Lyttelton, 483 sacks wheat ; Benares, Port Chalmers, 19,542 sacks wheat.
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Ashburton Guardian, Ashburton Guardian, Volume 1, Issue 62, 17 February 1880
COMMERCIAL. Ashburton Guardian, Volume 1, Issue 62, 17 February 1880
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