MELBOURNE GRAIN MARKET.
The Cfew Zealand Loan and Mercantile Agency Company report under date Mel* bourne, May I'Jth, as follows It is a difficult matter to predict the future of the out market, but everything points to » still further decline. The excessive arrivals, have completely upset all previous calculations, the suppty being nowfar in exues» of the demand. For some time past, and still in fact, the low price of maize has interfered greatly with the value of oat*, and now we have large shipments of CuJifomiaa eouat fend coming to hand we fear that very much lower prices wilt rule. Otters to sell at 3s 6d per bushel for prime oats have met with no response, the trade, as is over the case rn a dull market, refusing to Operate, no matter how great the inducements- offiaretL VV'e i]uot« from 3s 3d to> 3s till for good feed to prime milling, though we fear even the latter figure could not be i?ot. CtluT grains unchanged. _______
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Bibliographic details
Oamaru Mail, Volume IV, Issue 965, 23 May 1879, Page 2
Word Count
220MELBOURNE GRAIN MARKET. Oamaru Mail, Volume IV, Issue 965, 23 May 1879, Page 2
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