GRAIN AND PRODUCE.
The continued fall in price of wheat in the Home markets has caused a feeling of uneasiness to prevail amongst shippers and holders of that cereal here. The cause of the farther decline is not stated in the public telegrams, but the following cablegram to a gentleman in town explains the position : —" The weather is favorable for wheat—holders appear very nervous, and the feeling is changing r -pidly to weakness.” There is, however, the possibility that a change in the state of the atmosphere might drive prices up several shillings per quarter as quickly as they have lately receded. Quotations locally remain unchanged, say 3s 6d for Hunter’s white, 3s 7d to 3s 8d for pearl and velvet chaff, and 3s 9d for Tuscan. Flour has had a fair amount of notice at JG9 to £9 10s. Oats maintain their improved feeling, and as but few are offering farmers will probably ere long be getting the long coveted 2s. Barley baa been in come cases forced on the market at low rates, and the general value has not been enhanced thereby. Potatoes are somewhat neglected, owing to the difficulty in procuring cheap storage for them, bat for forward delivery a considerable business has been done at £2.
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Bibliographic details
Globe, Volume XXIII, Issue 2249, 13 May 1881, Page 3
Word Count
210GRAIN AND PRODUCE. Globe, Volume XXIII, Issue 2249, 13 May 1881, Page 3
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