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CORN EXCHANGE.

No change for the batter is apparent in the grain market during the week that has transpired, the email local trade being at present the only thing which keeps business alive. The depressed state of the market for all kinds of feed produce has to some extent been productive of good, inasmuch as it has compelled growers to look further afield for a market for their produce. Heretofore intercolonial markets have been the only ones sought for, this year these, on account of the lowness of price, have been practically closed, and a new field broached. Consignments of oats, barley, and beans have been made to Great Britain. It has already been demonstrated that the first mentioned will answer, and it remains to be seen how the rest will turn out. Wheat. —First-class milling quality in _lines suitable for shipment is saleable at from 3s 6d to 3s 7d, f.0.b.; second-class milling, at from 3s 2d to 3s 41; chick wheat, from Is 9d to 2s 4d per bushel. Oats. —The demand has sensibly increased, although prices cannot be said to have altered. Good short milling samples are sought after, the price being from Is 4d to Is 5d per bushel. Peed parcels are finding buyers at from Is Id to Is 3d per bushel; inferior feed samples, at from lid to Is per bushel. On the whole the demand has improved. Barley.—Eeally good malting samples are meeting with more attention than formerly, but • prices are not affected. The quality varies so much that a good margin must be allowed. Business is being done between 2s fid to 3a 4d per bushel. For discoloured_ and inferior parcels there is no demand. Prices nominal. Potatoes. —The market has been rather more sluggish during the week, and prices have somewhat receded; 22a fid to 35s per ton are the rates ruling. The returns of tho yield in Australia show a large increase, which is of course detrimental to our markets. The only hope of turning the crop to better account is to pit and hold -till later on in the season. Great care should be taken that the frost does not reach them; this is the great bugbear to dealers in this tuber. More business would be done could the purchaser be assured that the frost had not touched them. Great loss is sustained by the from this cause, the consequence being he cannot afford to leave a close margin. '■ Grass Seed.—A few trifling sales have been made, but not of sufficient importance to influence the market. Good, well cleaned, heavy seed is worth from 2s fid to 2s 9d per bushel. Cheese and Butter.—There is no alteration to note. For the former 4d to 4id per lb: 9d to XOd for the latter.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/GLOBE18800625.2.16

Bibliographic details

Globe, Volume XXII, Issue 1977, 25 June 1880, Page 3

Word Count
464

CORN EXCHANGE. Globe, Volume XXII, Issue 1977, 25 June 1880, Page 3

CORN EXCHANGE. Globe, Volume XXII, Issue 1977, 25 June 1880, Page 3

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