CORN MARKET.

Lyttelton Times, Volume XVIII, Issue 1035, 11 October 1862, Page 3

CORN MARKET.

The state of the corn market since our last sum-mary-has been only varied by the fluctuation in the prices of horse feed. Oats, which were then worth only 4s 6d per bushel, are now worth 7s. This variation in price has been caused by the demand for the Otage market, and farmers, securing a better price for this article of consumption, have shewn a greater disposition to plant them than any other grain, especially wheat, which has been difficult to quit, except at a loss to the grower. Wheat, we might mention, was last year grown much in excess of our home requirements, and the same remark applies to the Australian growth, consequently prices being ruled by the demand and supply have remained very dull in the face of no export requirements. The surplus stock is however being used up for horse and pig feeding, and the amount of stocks are being sensibly diminished, so that by the time of harvest the stocks in hand will not be likely to affect the prices of the new crop; and should the slightest improvement take place in the Australian markets, we may confidently look for an improvement in prices here. Although wheat is now worth ss, the difference in price, since our last summary, arises from the improved condition of the grain. In barley there is little doing, owing to the malting season being nearly over. Prices are nominal, at from 58 6d to 6s per bushel.