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During Thursday afternoon an unusually large parcel of wheat changed hands in Christchurch. The grower, having received a fair offer, preferred to do business locally' running the risk of shipment. The sale consisted of about eleven thousand bushels of various kinds of wheat, and the transaction passed through the hands of Mr N. P. Meyers, Secretary of the Corn Exchange, The Bangiora correspondent of the " Lyttelton Times " writes: —When we have constantly been hearing during the past few months such unfavourable reports of the Home flax market, it is rather refreshing to learn something of the reverse side. Today I was shown account sales from Mr Charles Spurling of London, received by the last mail, showing that a line of six and a half tons of first quality shipped from Lyttelton was placed on February 11 at £33 per ton. There was also enclosed advice of another sale afc £3415s per ton; and information to the effect that owing to the market being heavily stocked with inferior quality fibre, and the action of the American combination, who it was understood had a stock sufficient to last them for at least some months the market was depressed. It would seem, judging from the foregoing, that fibre of firstclass quality will still command a good price, in the Home market.

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https://paperspast.natlib.govt.nz/newspapers/AG18900522.2.25

Bibliographic details

Ashburton Guardian, Ashburton Guardian, Volume VII, Issue 2436, 22 May 1890

Word Count
218

Ashburton Guardian Ashburton Guardian, Volume VII, Issue 2436, 22 May 1890

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