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REVIEW OF THE BRITISH CORN TRADE.

The favourable change in the weathei has not cihiic at all too soon. Complaints respecting the backwardness of tho crops wero fouiing rathei treely from the noith, and in the southern distncts the position was brooming le-s satisfactory A general shot tuoss of st.ilk is leportod, not only in wheat, but also bailey and oats. Very season ible woathor will now be lequhed to enable tho harvest to commence at an average ponod. Wheat is not looking .so well 21* could be wished, tho oars being thin and ill-Formed in many pait*, and n.s a re dueed acieage is understood to bo under cultivation a deficient -\ ield is by no mean* improbable. .There is nothing new in An. ei lean ciop prospects, which keep fas om able. From the Continent leports of heavy rioods in Eastern Euiope have come to h md, resulting in seiious mjuiy to the growing crops. The position ot the wheat tiade is practically unaltered. Nothing 1 has trxnspired to exercise any special influence upon value*, but whenever any variation has taken place the buyer has again secured the advantage. Crop prospects might be more brilliant than they ore, ?iot only with us, but also on the Continent. With the improvement in the weather, however, and the knowledge of a promised extensive yield in Ametica, that circumstance has very little weight with millers. The paucity of their dealings is as clearly apparent as ever. These is a decided disinclination to increase stocks, and the persistent pursuance of this hand-to-mouth policy effectually robs the trade of all symptoms of activity. Home deliveries recently have had a tendency to increase, and have been in excess of last year. From this it mii-t be inferred .that farmers do not perceive that any advantage is to accure to them from holding their grain any longer, and the market-* consequently have been lather fieely supplied. In tho 42 weeks of tho season the sales of home-grown wheat have exceeded those for the conespondmg period of I&X4-S.~> by (> ( J,450 qrs., but at an aseiase of 30.s Bd, against 33s 2d per qr.— a deficiency of 2s (id per quarter. Tho farming community have had to contend with a low lance of prices throughout the season, and they cannot therefore have recovered any portion of their previous losses. Liberal importations have been reported into the United Kingdom during the week, and tho quantity on passage keeps up, owing to the largo American shipments. There is thus no prospect of scantily supplied markets. In flour scarcely anything has been done. Supplies have been ample for all requirement!', which have in no case been excessive. Buyers have been very sparing in their operations, and pi ices have shown weakness, but without any actual jnovement occurring. (Quotations at New York have fallen about 10 cents. The impoit for the week showed a decided increase over the corresponding week of last year. As regards barley the supplies offering were about the average.. Not much life was observed in the trade, tho deman i for both malting and grinding being restricted. No change has taken place in prices. With inferences to oats, the market has been fauly well supplied. Buyeis have not been eager, but neither have holders been willing to force s.iles. Hence not much has been done, and tho level of prices remains about the same as last week. For fine samples of maize a firm enquiry has prevailed, the supply of such being limited, but secondary and inferior qualities have experienced a dragging inquiry, and have shown some iriegularity in dealings. The New York market has been stronger. Beans and peas have met a quiet sale, but have been steady in value. At N"ew York dm ing the week a limited business has been done. There are, however, fair inquiries for expoit. The shipments of wheat from the Atlantic ports to Europe last week were 1,510,000 bushels. No change can be noticed in prices. Flour was dull, and 10 per cent, lower. Maize was in limited demand, but was firm, and at one time nmrked an advance of f«>ur cents per bushel. The final price was two cents higher than last week. At Marketlane during the week business has been very quiet. The supplies offering have been ample for the demand, imports having been on a fair scale, and home deliveries up to the average. Wheat has been dull of sale, and has occasionally been (id per quarter lower. Flour also was depressed, being affected by the heavy supplies weighing upon the nurket. There was not much done in bailey, but the tone was steady. Deliveries weie light, and the quantity on passage is only 43,000 qrs., against J 17,000 qrs. hist year. Supplies of oats have been in excess of the demand, although fresh arnwi], have been less than usual. The tendency has been adverse, but only the common qualities have been affected. Tba tnaiKe trade was unsettled, owing to the very indifferent condition in which the bulk ot the supply has been received. Prices m.iv be said to be nominally the same. Beans have rather haulened, and peas have ruled steady.— The Magnet. July 3id.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WT18860826.2.4

Bibliographic details
Ngā taipitopito pukapuka

Waikato Times, Volume XXVII, Issue 2205, 26 August 1886, Page 2

Word count
Tapeke kupu
868

REVIEW OF THE BRITISH CORN TRADE. Waikato Times, Volume XXVII, Issue 2205, 26 August 1886, Page 2

REVIEW OF THE BRITISH CORN TRADE. Waikato Times, Volume XXVII, Issue 2205, 26 August 1886, Page 2

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