DUNEDIN GRAIN MARKET.
Measra Samuel Orr and 00. report for th« week ending April 10 : — The wheat market hat suffared enverely dating ths past d»y or two, as advioaa from Sydney hava been moat unfavorable while the English market oontlnuea to deollne, and the Continental and American onea ahow not tbo allghteat improvement* Nor doei there seem much ohanoe of improvement m England, ai Urge auppllea have been pouring In from South Runala which were not anticipated, and the Amerioan harveat will be ready m about throo months or bo. There la not the nlighteat doabt that bad New Zealand eased her demaoda a few weeka ago not a single oon tract woald hare gone to America, but 11 ia too late now, and aa we said some tlrao ago that In putting prfoaa np to a fabulous figure we were only cutting a weapon to get thrashed with, and this la now being realiaedjon all hands. Wheat,— Locally our market ia m a itate of stagnation, * thing unprecedented at this tlmo of the year, but the faota of other markets befog flit and orders for flour going paat them from outaldo plaoea have made our milieu only boy iparlngly for immediate requirements m anticipation of prices being much lower. It is now a matter of impossibility to obtain last weeek a quotations, and we now quote prime Tuaoan and velvet up to 4s 6d ; ordinary, 4j l£i to 4i 3d ; inferior, 3a 93 to 4«.
Oath.— ln the fore part of the week the demand was exceptionally good, as arrivals were only meeting the demand, and as a result vre sold several lines at as good as 2a 9d here— viz., for Mr B, Kempthorne, Kelso, and T. and M. flitchon, Waiwera, while at 2s Bjd wo sold a very large quantity ; but advices during the past few days from Melbourne being bad and the quantity arriving increasing has made prloea drop, and we may bw to the extent of from Id to l£d. Looally the demand continues very good, as millers are taking orders for oatmeal pretty freely, bat tho present high rates of oa's are complained of hy them as prohibitory. We quote prime milling up to 2s 8d ; good heavy bright feed, 2s 7d to 2s 8d ; long Tartars for seed, 2s Cd to 2b lOd, according to quality, Barley. — The demand has abated for shipment, while the brewers prefer waiting a (bit so as to work off their old stocks. Our sales of all classes of grain for the week were 18,647 bushels.
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DUNEDIN GRAIN MARKET., Ashburton Guardian, Volume VII, Issue 2104, 12 April 1889
DUNEDIN GRAIN MARKET. Ashburton Guardian, Volume VII, Issue 2104, 12 April 1889
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