CHRISTCHURCH CORN EXCHANGE Friday, March 10. The following is the Christchurch Corn Exchange report for the week ending today : No alteration in values has taken place during the week and the grain trade still continues in a very torpid state. Recent advices from England give the quotations of New Zealand wheat at 525. to 535. per quarter. The Continental and British yields are unprecedentedly low, but on the other hand immensely large stocks are held in America by speculators. The break-up of this ring is anticipated, which will lead to large arrivals from America. The market however appears to be steady. Wheat—Sales are being effected for good round milling quality, at 4s. per bushel, delivered in Christchurch. For exceptionally good quality, particular samples fit for seed, Id. to l-|d. per bushel over this quotation has been obtvined. Chick wheat is not commanding the same as in preceeding weeks ; the quality, moreover, varies so much that from 2s. Cd. to 3s. 3d. may “be quoted as the value. Barley—Maintains its price. First class malting quality is by .no means plentisul, while second rate to inferior is in great abundance. For the first mentioned. as high as 4s. 2d. per bushel has been paid. Fair average quality will command 3s. Bd. to 3s. 9d. per bushel, while feed parcels range from 2s. 4d. to 2s. 9d. per bushel. Oats--No change is taking place in the value of this cereal, and the state of the market is precisely what it was three weeks ago. The extremely low prices ruling have stopped a large influx. Merchants are not eager to buy, while sellers are in the same mind as to selling. Quotations remain at Is. 4d. to Is. 6d. per bushel. Rye grass is still difficult to sell, and prices are nominal. Potatoes —There is a slightly better feeling in this tuber. Prices, however, are still low, with no immediate prospect of an advance. Sales are taking place at 30s. to 355. per ton, at country stations within 7 to 8 miles of Christchurch. Cheese and Butter—The former is coming to hand freely, and prices are hardly so good. This weeks quotations are 4|d. to sd. per lb. ; butter, 6-|-d. to 7d. per lb. [by telegraph.] Dunedin, March 19. Prime fat beef, 225. per lOOlbs. ; mutton, l|d. ; wheat, 4s. to 4s. 6d. ; fowl’s wheat, 3s. to 3s. 3d. ; oats, Is. 4d. to Is. Bd. ; barley, 4s. to 4s. Gd. ; feed, 2s. 6d. to 3s. ; potatoes, L 3 to L 3 ss. ; old hay, L 4 ; new oaten hay, L 3 ss. ; chaff, L 3 10s. ; straw. L2 ; bran, L 4 ; pollard, L 5 ; Flour, large sacks, Lll to Lll 10s,; oatmeal, LlO 10s. ; pearl barley, L 22 ; onions, 7s. ; new cheese, sd. to 6d ; bacon, rolled, lOd. ; hams, Is. Id. ; sides bacon, lid ; hams and bacon scarce.
Permanent link to this item
Ashburton Guardian, Ashburton Guardian, Volume 1, Issue 76, 20 March 1880
COMMERCIAL. Ashburton Guardian, Volume 1, Issue 76, 20 March 1880
Using This Item
See our copyright guide for information on how you may use this title.