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COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The following is the report of the Christchurch Corn Exchange for the week ending Friday evening, the 26th instant : Threshing operations ai'e now in full swing, and large quantities are coming to hand, the bulk of which finds its way on board ship, en route for the United Kingdom. Absolutely no change has taken place in the condition of the grain trade. Values are unaltered, and buyers and sellers are both unwilling to operate. Local requirements are small, and altogether the grain trade has never been in such a depressed condition as it is at the present time. Wheat. —Latest advices show wheat firmer, the anticipated collapse of the American speculators has proved erroneous. The price remains steady at last quotations, viz., 4s. per bushel, delivered in Christchurch; seed parcels command Id. to lid. per bushel over the market rate. Chick wheat is in greater supply, prices being hardly so firm. Business is being done at from 2s. 6d. to 3s. per bushel. Barley continues to come forward freely, but the quality of the bulk of it is far from being good malting. For really first-class malting samples prices are well maintained, and may be quoted at from 3s. Bd. to 4s. per bushel. The second rate and inferior samples vary so much in quality that the particular samples only determine the value, which will range from 2s. to 2s. 9d. per bushel. Oats are still being held by the growers, very little disposition being evinced by them to do business at the rates offering. The local trade is not large in this state of things, prices remain stationary. Last quotations must be repeated, Is. 4d. to Is. fid. per bushel. Rye Grass remains a drug in the market. Consumers being aware of the large quantities on hand are expecting to buy under the ma.rket quotations. The consequence of this is that business in this article of produce is, like other things, at a standstill. The value is 2s. 6d. to 2s. 9d. per busnel. Potatoes.—lnquiries are being made, but few transactions have as yet taken place. Sales for forward delivery have been made at L2 per ton. It is still premature to quote an established price, as that has not yet been determined. The anticipated large yields will certainly prove erroneous, the farmers generally having been deceived by the appearance of the crops. Australian advices also point to the fact that the yield is not abundant. Cheese and Butter.—Last week’s quotations may be repeated, 4hd. to sd. for the former, 6jd. to7d. for the latter.

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COMMERCIAL. Ashburton Guardian, Volume 1, Issue 79, 27 March 1880

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