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CORN EXCHANGE

1 The following is the Corn Exchange report for tho week ending Friday, January llth, 1889 :- * As anticipated business • has Bomewhat regained its former briskness, and again there is a fair enquiry for various lines of produce. Although prioes have reoeded considerably from their high values m November last, present business Is beiDg transacted on a healthy footing apart from speculation, and while expeoting to see prioea still lower as the advent of the new orop nears, we shall expsot to see the bulk of our old stockß oleared during the next six weeks at present values. The outlook of our harvest up to the present is most promising, both as regards yield and quality, but it is too far from the granary yet to say, what may not yet happen. Farmers are how largely ordering their binding twine and saoks, whioh ia an ' indication that harvest is approaohing ; but we oan hardly expect to see work m full swing until towards the end of the month. 1 The Australian markets, whioh have played > suoh a conspicuous part m our price list during the past two months, have reoeded to \ something like reasonable prices, and there 1 are still good prospects during the coming [ season of our doing a fair trade m feeding j grains. Wheat stocks are not yet all m the , hands of merchants, a few farmers have held i baok and are now compelled to accept a muoh lower prioe than they oould have obtained some weeks ago. Sales have been made at 3s lOd to 4s, but merohants do not seem 1 anxious to give more than 3b ?d to 3s lOd for > the best samples. Seoond^quality is scarce

at as aa. umofcwneat ranges from 2s 9d to 3a 3d. Oats.— 3s is about the best offer for prime short paroels, and feed oats 2a lOd to 2s lid. Ryeobiss stands at 23 3d to 23 6d for average farmers' parcels, and 33 to 3s 3d for maohine dressed. Dairy Produce.— Butter prioes are now as low as thoy have been all the season, and it is diffioult to place at above 7d. Cheese, however, has a very firm enquiry at 4*d to 5d for good quality. The Sydney demand hap entirely collapsed for the time being: The above prioes are those paid to farmers for delivery f.0.b., sacks extra.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18890111.2.10

Bibliographic details

CORN EXCHANGE, Ashburton Guardian, Volume VII, Issue 2034, 11 January 1889

Word Count
396

CORN EXCHANGE Ashburton Guardian, Volume VII, Issue 2034, 11 January 1889

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