Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image

THE EUROPEAN WHEAT MARKET.

A careful study of the surroundings of the English trade will enable fanners to calculate not only what they should get •for their wheat, but the proper moment for selling : whilst to dealers the same information will act as a guide in their transactions. Mr Kaims H. Jackson, a world-acknowledged authority, has recently published certain information which will be of considerable use. That gentleman says : — "Doubtless merchants' profits on wheat and factors' commission have dwindled also to a point when legitimate ventures have less attraction than formerly, and yeaily European trade becomes more of a hand-to-mouth character, even the stores of seed in the land being discounted as well as stocks in hand. The invisible supply is also relatively of increasing importance. These considerations suggest moderation in sellers ; and what is now the difference in opinion between them and buyers at the present date ? t^ othing important, probably 2s to 4s per or. only ! On the other side millers may be reminded that, looking forward for the next six months, there is very little chance of supplies over ■ balancing requirements, and assuming as an estimate that the British farmers' marketable quantity of wheat will be 8,000,000 quarters this season, there remains necessary a weekly import — all the year round — of about 320,000 quarters ; and if we are getting that now, in wheat and flour, the bulk is a large one to command in the future winter months, and does not allow of trifling with transit, unless fluctuations rather than healthy, steady trade be the object sought. It may be unpleasant for New York mei*chants to part with ' dear stock,' without profit, but a little concession would not be unwise at a time when English farmers have their fresh crop to market, and Russian shippers are waiting their opportunities to succeed them later in the year. With mutual moderation on both sides, buyers and sellers should set actively to work without delay, and infuse healthy briskness in this autumn campaign. A surplus-hold-ing country like America should be a competitive seller against English and other producers, but the reverse is the case, and our Home suppliers are competitive sellers against imported wheat, and do so under American terms English wheat being some shillings below. From reports just received millers find the new English samples make excellent flour, and so naturally purchase the Home produce at 46s to 525, against foreign at 49s to 5Gs. For some time to come this state of affairs seems likely to last. Common belief credits American speculation with the strength that belongs to numbers, the wheat stocks being investments of all classes. But munbeis are a source of weakness as well as of strength. Without numbers there can be no panic, which is the multiplied fear of one exaggerated by many holders. There may therefore be a run on the wheat bank at any time. Half a dozen strong capitalists should be stronger holders than 100,000 shareholders in wheat stocks. Ido not forsee such a run, but it is possible, and what is wanted in trade is the confidence now conspicuously absent. From the last fortnight's trade there are no signs of re-establishing confidence. Such decline as has been allowed, however, has failed to frighten holders, and the extreme depression of business last week has been partially overcome. Reference to statistics scarcely helps one to form conclusions. Current testimony agrees in placing the value of breadstuff s this season at a high rather than a low level, and 50s would appear the fighting border line of buyers and sellers." — Age,

Sorrel lias running roots,, and can only be killed by ploughing it under deeply and growing &ome other crop that will smother it. If the ground is too wet to grow grass and clover it should be drained. As the ground is probably well seeded with sorrel, it will be necessary to persevere some time before it can be wholly cleared of it. When the ground is well drained a good application of lime would be useful. The history of the clematis has been a rather remarkable one. It is but a few yeais, comparatively speaking, since J&ckmani was in'oduced, and since that time the clematises may be said to have become popular, adorning alike the walls of the mansion ami the cottage. They should be tiained so far as to cover a wall, top and &ides, after which all the attention the plants should receive annually is a close heading in. In summer they produce a perfect mass of flowers. — London Garden. Herb Gathering. — The right time to gather herbs for drying and other purposes is when they are just beginning to come into flower. They then possess their peculiar virtues in a higher degree than at any other period. When cut they should not be laid in the sun, as excessive heat causes them to dry rapidly, and the leaves and stems become brittle. They should be laid in the shade, carefully protected from any sun or dampness. The All England Cricket Match. — The date of the match between the English Eleven and the Canterbury team has at length been definitely fixed. The match will be played at Lancaster Park on the 20th, 21st and 23rd of January. It is generally undei stood that Canterbury will play eighteen men, as in the last match with the Englishmen. Havixcj suffered severely from the depredations of dogs upon his sheep-fold he built around a number of sheep that the dogs had killed an enclosure of rails 12 feet high and about 10 feet square at the ground, the sides of the trap sloping inward until an opening was left about five feet square. Any dog could easily climb such a sloping fence and enter the pen, but not even a greyhound could jump out of it. In three nights the farmer captured 46 clogs, including 15 or 20 that had never been seen before in that neighbourhood. — London Live Stock Journal. A Vision of Science. — The Daily News, speaking of the address of Dr. Siemens in opening the winter session of the Birmingham and Midland Institute, says : — "The concluding portion of the address will be the most suggestive and interesting to the great mass of the public. The progress of electricity, as a motive power and as a means of producing healthy light, has been so astounding during the last few years that the public are prepared to believe almost anything to be possible. Dr. Siemens, however, speaks with full knowledge when he suggests that it will speedily light our streets and houses, propel our tramcars, and even the trains on the underground railways, and do much of the work that ia now done by other agencies. But there is a more pleasant forecast than even this in the assurance that gaseous fuel is to take the place of solid fuel. All over the Jand protests are rising against the desolation caused by smoke. It would at *once lift off the smoke pall which 'hangs over London, and make London fogs less frequent and less dense. It would save our trees from the coating of black , <which. disfigures them, our public buildings from the defacements they suffer,- and' our houses from the invading and all-present dirt. It is a prophetic ; vision r of;'Science, the realisation of which" may, .however, be. nearer than we d,ream."' ••'»-' •' \

A correspondent of the London Times advises British farmers to render themselves tolerably independent of the uncertainties of the hay crop by adopting the American system of raising corn -fodder. He justly remarks that though the maize plant does not ripen its grain in England, • It will grow sufficiently vigorous during the months of June, July, and August to afford heavy crops of first-rate forage.' In the future forest cultivation is to be an established industry in this country, and one of the most profitable. Heretofore few could be found to wait more than a few months for a crop. Now there are farmers willing to wait ten years for a fair promise of greater net profit — twenty, if necessary — but forest culture begins to make returns in less than the first, mentioned period. — New York Tribune. The Leaders of the Future. — Mazarin's first question about anybody recommended to him was " Est-il heurcux ?" — Is he lucky ? Napoleon always asked, "What has he done?" There are others who want to know, " How old is he ?" M. Gambetta, it seems, was forty-four on Oct. 30. This is important enough when we remember that Bismarck was born in the year of Waterloo, and is now, therefore sixty-six. In the same way in England (thinks the Pall Mall Gazette) it is well for those who have a taste for the forecasts of political astrology to remember that Sir Charles Dilke is two years under forty, and Mr Chamberlain barely five years over forty, while Lord Salisbury, who is destined to fight them for a generation to come, is only six years older. Death op a Centenarian. — The Norfolk Tunes thus records the death and tuneral of a centenarian : — We have to record the death of Joseph Ashton, a tinker, and an inhabitant of this parish, at the great age of 112 years, on the Bth inst. The deceased was buried in this quiet churchyard on the 13th instant, followed by his sons, daughters, grandchildien, and great grandchildren, and a large number of people from all parts of the county. The rector, the Rev. J. Spure;in, officiated at the grave, and as he was leaving the churchyard he said, " Peace be to thee, memorable old friend. " Upon the coffin was the breast-plate, bearing this inscription, "Joseph Ashton, died October Bth, 1881, aged 112 years," and an engraving of a kettle, stewpan, and a bowl. The deceased has travelled the Eastern counties as a tinker for a great number of years, and up to a few days of his deatli he was never known to have had a day's illness in his life, and to the end he was in full use ot all his mental powers. The poor old man was much respected by all who knew him.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WT18820105.2.21

Bibliographic details
Ngā taipitopito pukapuka

Waikato Times, Volume XVIII, Issue 1483, 5 January 1882, Page 3

Word count
Tapeke kupu
1,694

THE EUROPEAN WHEAT MARKET. Waikato Times, Volume XVIII, Issue 1483, 5 January 1882, Page 3

THE EUROPEAN WHEAT MARKET. Waikato Times, Volume XVIII, Issue 1483, 5 January 1882, Page 3

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert