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A meeting of farmers m the Rangltikel dfatrlot was held a few days ago fop the purpose of dlaoasslog the prfca of strain. The ohalrman stated that the effect of oalllDg the meetlDg had been to raise tbe prloe of wheat 33 per bushel— a very handsome return for the cost of tbe advertisement, It wkb pointed oat that farmers had been rnled la the past by tbe local and London markets, bat now they hud a oapital onatomer In tbe Sydney market comparatively near their door*. Tbe freight from Wellington to Sydney par : mall steamer was 15s per, ton, or abjut 5d per bushel. The latest cable quotations for wheat In the Sydney market were 4i 9d to 5s 2d per bushel, and It was estimated that tbe net return m the Sanaon district would be 4s per tmhel. Besides this It was pointed ont that as Boon as the wheat was put on board at Wanganul twotblrds of iti value could be drawn, whereat the local millers paid them with three months' bills without disoount. On the side of the millers It was pointed oat that they bad to be guided by Canterbury prices, because if they gave more for the local wheat than they oould obtain Canterbury wheat for, the local flour would be nndersold by tbe Canterbury artlole. After » good deal of dlsousslon it was resolved that the prioe for good milling wheat should not be leas than 4a per bmhel, the resolution being carried unanimously after the ohalrman had explained that all who voted for it should be bound by Its terms. It was forther decided not to sell oats under 2s 6i per buehel, and a resolution was oarrled unanimously "That tbe farmers present decide not to take any millers' bills unless the usual bank discount be added."

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Bibliographic details

FARMERS ON TOP, Ashburton Guardian, Volume VII, Issue 2102, 6 April 1889

Word Count

FARMERS ON TOP Ashburton Guardian, Volume VII, Issue 2102, 6 April 1889