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CORN EXCHANGE

The following is the Oorn Exchange report for tbe week ending Maroh 22nd, 1889:The markets during the week have been especially buoyant, and prices have I hardened materially. The cable reports j from Australia teed to show that tbey will on tbe whole have a considerable deficit as regards their chief cereals, and the question requiring 1 to be solved is where they are able to draw tbeir requirements from. Naturally they look to their nearest neighbors, New Zealand, and no time was lost m entering into considerable contracts for our produce at various prices, according aa to when the contracts were made and date of delivery. The contracts will t aye to be executed no matter what prices our 100 il mirket may attain, and somo finding that the oontraots they had entered into would land them with a loss, havo j had to resort to ' Frisco for cheaper wheats. As to whether they can land 'Frisco wneat ' cheaper than New Zealand entirely depends upon the growers' demands at this end. Considerable freight accommodation has already been made for London, which will either have to be filled or direoted to some other course. One English vessel has already been transferred to load for Sydney, and we understand that negotiations are on tbe tapis for some of tbe others to follow suit. The season's , prioes promises to fluctuate a good deal, and while f ally expecting to see wheat still higher, we shall not be at all surprised to see a small drop later on m tbe season, Ths grain, with the exception of barley, is coming forward very slowly, and obiefiy for storage on growers acooqnts . Wheat. — Prime milling Tuscan has been sold at 4s, Pearl and Hunter's at 3_ 9d and 3s lOd, seconds 2s 9d to 3s 3d Oats. — Milling are worth 2b 7d, short heavy feed 2s 6d, and light kinds 2s 4d to 2s sd. .. Barlb^.— The market is well supplied, but samples are chiefly of a second rate quality. Prime stiU commands 3s 9d to 3? lOd ; medium, 3s 4d to 3a 6d ; feed, 2*6 d. Pbas —Prussian Blues, hand thrashed, are selling at 3s 9d • others at 3s 3d to 3s 6d. Grass 3eed. — Tbe market is quiet, very few farmers' parcels offering * Sales are made at 2s 6d to 3s for growers' lines, &o. 3a 6d to 3s 9d for maohine dressed. Oockßfoot iB dull at 2&d to 2|d. Dairy Produce.-— Butter is a little better, and bas enquiries at 7d to 7£d. Oheeae dull at 4d to Bd. * The above prices are those paid to farmers for delivery f.0.b., saoks extra.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18890322.2.13

Bibliographic details

CORN EXCHANGE, Ashburton Guardian, Volume VII, Issue 2094, 22 March 1889

Word Count
442

CORN EXCHANGE Ashburton Guardian, Volume VII, Issue 2094, 22 March 1889

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