The Market. ADELAIDE FLOUR MARKET.

Nelson Examiner and New Zealand Chronicle, Volume XXVIII, Issue 48, 16 June 1869, Page 2

The Market. ADELAIDE FLOUR MARKET.

The Observer informs us: — "The immediate effect of publishing Mr. Boothby'a figures a week or two ago was materially to raise the price of wheat, and if tho producer has not got tho advantage of the advance it is his own fault. They proved what had been long suspected, that tho estimates which preceded the harvest were much too sanguine, and as a necessary result they first hardened and then gave a buoyant tendency to rates which previously had been gravitating towards a point considerably higher than would have been warranted had the first calculations as to the yield been confirmed. They nod only reduced the average from 12 to a trifle under 10 bushels, but they diminished the area by some 20,000 acres, equal to nearly 200,000 bushels. Instead therefore of an aggregate of six and threequarter million bushels of wheat, we have to rest content with 5,165,221. Seeing that this is just double the total of 1867-8, there may not be much real cause of complaint, and in any event there are a few thousand tons less of flour to find a market for than would have been the case had the reality more nearly approximated to the anticipation. In round numbers the wheat produce of 1868-9 represents 115,000 tons of flour, and to this has to be added the surplus remaining over from 1867-8 — a . few thousand tons, probably not more than 5,000. Our stock at the beginning of 1889, or bo soon bb the corn was gathered in, amounted therefore to 120,000 tons. The firßt claim upon this is for tho sustenance of our own population, now numbering something like 177,000 souls. On the lowest computation 1,600,000 bushels must be written off for our own wants. Provision lias also to be made for seed. Something like 840,000 bushels of wheat will be absorbed in this way. The excellent quality of the grain of the past season's growth will obviate any necessity of getting in supplies from Tasmania or any other sources ; consequently our existing stock will be diminished to the full extent of 840,000 bushels. This, added to the 1,600,000 bushels already apportioned for home consumption, will reduce the total of 120,000 tons by at least 40,000. The surplus of 10,000 tons is what will remain .available for export. Of this 25,000 or 26,000 tons have already found their way out of the colony, leaving 54,000 still to be operated upon."

''111 ' ' ■ Q. Eliott Emott, Secretary. General Post Office, Wellington, Ist May, 1869.

DIE rABLE FOB THE NEW ZEAL. ITEAM 5 :ail services f< JUNE, 1869. IE THE mo: NTH of IN' Pm C] rEEInt: Peoi Cli TlNill. PoaTS. 1-5 o Hi o O M c M o O 1 o POBTS. ►4 a 'A O tl O O a I 1 o o o 1 o o I Melbourne dep. Hokitika arr, "Wellington arr. 10 16 18 "Wellington dep. Hokitika arr. Melbourne arr. 12 13 20 Southwards. Northwards. "Wellington dep. Lyttelton arr. » dep. Port Chalmers » arr « „ dep. BluiF arr. 1 2 3 4 5 6 18 19 19 20 21 23 Wellington dep. Picton arr. >> dep. Nelson arr. „ dep. Taranaki arr. ,i dep. Manakau arr. 18 18 19 19 20 21 21 22 2 2 3 3 4 5 5 6 Northwards. Bluff dep. Port Chahnera „ arr. „ dep. Lyttelton arr. „ dep. "Wellington arr. „ dep. Picton arr. 7 8 9 10 11 12 24 25 26 27 28 29 30 30 Southwards. Manukau dep. Taranaki arr. „ dep. Nelson arr. „ dep. Picton arr. „ dep. ■Wellington arr. » dep. Lyttelton arr. 24 25 25 26 27 27 28 28 29 30 8 9 9 10 11 11 12 12