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THE ENGLISH CORN MARKET.

Mr. George ;Sumpter. has received the following advices from Messrs Burrows and Perk,*, "■cori , -factors, dated Mark Lane, 28th Bep T temher, 1867 : ! gince our last, which was under date of 24th ult, a large business Has been done in < 1 wheatf aiad $6xxr' at advancing rates for cash. Sinee l tlfot dite'thie weather Jiaebien generally fine, and the wheat. haryeqfc ie very nearly finished in England. , Aβ"thrashing the new < igrflafc comj>lainta r ,pf r tbe yield estimated with some degree of certainty that this.year's crop is less than, an average one by '" . fufiyoae-foartb, and we • xriay,:adtl that' many ' j geofl authoritieeconeider the deficiency to be one«tbird Red wheats : are' found to yield ■■- ' eqaafly as bad as the white qualities, but - (toe., whole, of a finer, quality. tXnder these circumstances, and with the *" Uteeke" of ~old""wKeat almoßt exhaußted, v tendenjcy of prices has been upward, and new white English wheat,, which on the 2nd jnst. realised , 6?e. .per , tpperial quarter, speed fly rose to 67e and 683, and remains firm at these quowtione,; red; quditje»iaT.{| also been driven up by buyers for France (where the harvest.is J: iiAarly a> SefiOient ar «urlOWjnX froni 62» per &04!bs. to 66s to 675, with more buyers than TOllara at tb«ee advanced rates, i Several em^ll ,-.-. cargoes of Lincolnehire end Suffolk red. whes|t» have been sold for. shipment to the north, of v,, prance, daring October,,and have not yet been obtained from the farmers, who, finding how bad the crop is, demand considerably higher rates. . . , r ' : - ■ ; The lowest value for Adelaide wheat was on the 28th "it., when from 600 to 800 quarters _ werejsoid at'(B7e jer .4861bs in granary, equal tp 66s ex ship. Since then prices have - risen to ; 69s and 70s per 4961b5. ex i sod 70s to 71s ex granary, with- an increasing demand as thie wheat becomes • • betferknown! to county as well aa town millers. An extremely fine cargo, joet ; arrived, per :: Adelaide Baker > is now selling*t 70s «x ship Flour, of the best Adelaide brands, which ' rather pressed for sale at 50e per 280Jbe. landed, now brings 1 Sis, with «eareely any offering , at the close of bueineae yesterday. The New Zealand marks t edkS*luriag the-past •month have varied considerably in quality, and been sold at from 45b to 49s per 2801ba. in granary, dosing firm at the latter price. The only country from which we can expect ; eupplie* of any quantity during next spring and summer is North America, and even there <&be quantity seems to have • been over estimated. Our lest reports from New York are tip to 6th instant, and are ac follows:— ** JBreadetuffe steady, receipts of wheat principally con6ned to winter. The impression ie gaining ground that the crops will not prove *o large as was previously anticipated," and we expect to have this confirmed by the next snaiL

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https://paperspast.natlib.govt.nz/newspapers/CHP18671205.2.4.2

Bibliographic details

Press, Volume XII, Issue 1585, 5 December 1867, Page 2

Word Count
478

THE ENGLISH CORN MARKET. Press, Volume XII, Issue 1585, 5 December 1867, Page 2

THE ENGLISH CORN MARKET. Press, Volume XII, Issue 1585, 5 December 1867, Page 2