MAIZE MARKET.

Gisborne Times, Volume VII, Issue 402, 29 April 1902, Page 4

MAIZE MARKET.

The Auckland Star of Thursday last reports: —Very large supplies of maize were sent up this week, and until within the last day or two the market was very weak, as Sydney orders had fallen off suddenly. This was, however, apparent.y an attempt to “ bear ” the price, for a sudden demand set in for maize for the Sydney boat, and sales were made at about equal to os 6d ex wharf. The result was that all good maize then available was exported. Since then, howewr, the Awanui arrived with 611 sacks, a; d the iluritai with another 959 sacks, making the total since last report 3260. Unfortunately, a proportion of the maize ky the Murutai was not of the best quality. Inquiries are still made for export to Sydney, and it would seem as if New South Wales will be a good customer this season. Advices from Australia report: "Good supplies are forward of N.SAV. northern river maize, but the high prices of 5s for yellow and 4s lid for white are maintained on account of the shortage in river crops. A fair quantity of New Zealand maize has been bought to arrive.” Friday’s Auckland Herald states: — Maize has .maintained its price, owing to the continuation of Australian demand after the appearance of a slight decline. Some of the orders in on Monday could not be executed, but the Mararoa got Sl2 sacks away. The arrivals were 170 by the Waitangi, 641 by the Waiotahi, and about 500 by the Clansman. The schooner Awanui is now in with another 611 sacks, and the Muritai with 950, so that these will keep the maiket better supplied. Most of this is of sufficiently good quality for sbi; ment to Australia. Local demand was easier on Monday’in expectation of a decline, but came on again when it was realised that the Sydney market was sound. The regular price for wholesale lines on wharf remains at os 6d, at which the market closes iirm.