COMMERCIAL.
» The downward course of the wheat mar- ! ket has evidently not been arrested, as prices are fully a penny lower than they were a week ago, the present value being 3s 8d to 3s 9d f. o, b. We have seen private telegrams from London to two firms m \ town, stating that the wheat market there was declining, and that the weather was most favorable for the growing crops. Publio telegrams also point to a decline of ls 3d to ls 6d per quarter. As some of our readers may not understand wbat the letters " C.F.1." or " C.1.F." are intended to convey, we may mention that they stand for coat, freight, and insurance, or cost, insurance, and freight, — that is the seller or shipper pays the freight and insurance, and we believe also the exohange. In such sales tbe bags are given in and weighed as wheat. Flour is in fair demand, but prices oannot much longer remain at late rates — indeed some country millers are asking less money. We quote £9 10s to £11, according to brand and quality, as current values. Oats appear to us weaker, and farmers are evidently losing any faith they had in the hope of higher rates, as sales are being made with great freedom, at from Is 2d tp la 6d, the Utter figure being obtainable for choice samples only. Barley drags very heavily, and thnre appears to be only two or three ouyers, who cannot be persuaded to operate at over 2s 6d to 2s 9d. No doubt extra choice lots would still sell at a fair figure. Potatoes are coming forward slowly at 25s to 27s 6d. Growers do not care to accept such unremunerative rates, but on the other hand buyers say they cannot get their own money baok at higher rates. Butter is a trifle "better, and sales are reported at Bd. Cheese is neglected at 4d to 4£d. Hams and bacon are out of stock, and the new cure will not be ready for three weeks. We understand pigs are very scarce, and farmers are getting their own prioes for them.— Canterbury Presß, 24th April.
Morn. Even. April 30 .. 1.36 2.3 May 1 .. .. 2.32 2.54 » 2 .. .. 8.37 4.13 » 3 .. .. 4.42 5.32
HIBH WATER at MANAWATU BAR.
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https://paperspast.natlib.govt.nz/newspapers/MH18800430.2.4
Bibliographic details
Manawatu Herald, Volume II, Issue 71, 30 April 1880, Page 2
Word Count
379COMMERCIAL. Manawatu Herald, Volume II, Issue 71, 30 April 1880, Page 2
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