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COMMERCIAL.

The-English Com Market-

From New Zealand Loan and Metcantile'Agency Company’s circular of 2nd December, we take the following corn report During the last few weeks prices of wheat have advanced,in sympathy with those current in America, where, consequent upon the sudden stoppage of internal navigation, a considerable supply of grain had been locked up and a sharp rise in value had ensued. A reaction has, -however, since set in,-an.d the top rates of a week ago are now no longer quotable. There Is Very little! Continental demand, and the greiti bulk of the, quantity on the way, viz., 2,073, Sob quarters, will be taken for home consumption. Several cargoes arrived off coast'remain unsold. Recent transactions in Australian! wheal, on passage, include a cargo of 8,0c.3t .quarters,, August bill of lading, sold on the 'aoth ultimo, at 50s, and another of like date on, 23)7! .ultimo, at 51s 3d, The Golden Fleece, bill, of lading, 2nd October, was placed on tbe-26th at 51s, and a few parcels for LondonMireet.have found buyers at 48s 6d to 493. The Polly Stott arrived at Falmouth and waiting orders is said to be held for 51s 6d, but that,price is. not forthcoming. On the spot prices of Australian wheat have been irregular, and the recent arrivals having been somewhat in exiess of the demand, sales are slow. ; Flour of good quality is dearer. New; Zealand.Lwheats,have not varied greatly in value, but the best demand has .been for the finer and brighter parcels,-which are scarce. Songe long berried samples,; clean and sound, have touched 535, and for.similar qualities the same price could no doubt still be obtained. Oats are rather weaker, .recent imports having been on.'a large scale.' Barley of fine malting quality is saleahle at about 41s to 425, but inferior sorts are not in request. Beans have been shown limited quantity, and, being of very fine growth, have sold readily at full rates, ranging from 45s 10:47s per 504 lbs. Current quotations, ex granary, are as follows :—South Australian wheat, 50s to 51s 6d per 496 lbs ; Victorian, 50s to 51s do.; New Zealand, long berried,i49s to 52s do.; average,.46s to 48s do.; inferior, .42s to 45s do.; Australian flour, 35s‘to 37s per 280 lbs.; New Zealand, 33s to 35s ' do. ; : NejV Zealand oats, superior, 28s to 34s; per Imperial qr,'; common feed, 33s to 27s do.;* barley, 35s 1042 s per 44B lbs.; beans, 45s

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http://paperspast.natlib.govt.nz/newspapers/AG18810120.2.4

Bibliographic details

COMMERCIAL., Ashburton Guardian, Volume 2, Issue 247, 20 January 1881

Word Count
403

COMMERCIAL. Ashburton Guardian, Volume 2, Issue 247, 20 January 1881

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