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COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE.

The following is the report of the Christchurch Corn Exchange for the week ending Friday evening, April 9. The week that has lapsed has not evolved any new features, which call for special remark. Large quantities of wheit continue to arrive from the country stations, which is being shipped for Groat Britain on growers’ and merchants’ accounts. Recent Home advices report the market flat, latest quotations are 565. per quarter for 4961b5. Wheat sales have been effected during the week at from k, lOd. to 45., according to quality. Prime samples fit- for seed will command 4s. in Christchurch. Good milling 3s. 9d. to 3s. lOid. Oats.—No change has taken place in the value, sales are taking place at from Is. 4d. to Is. Gc. Demand fair, but growers unwilling to part. Barley.—The state of the market is almost precisely what it was the preceding week. Few samples of really prime quality are to hand, while the market is glutted with second-rate to feed samples. For prime malting, 3s. 9d. to 4s. is obtainable ; for the other, 2s. to 2s. 9d. is the value.

Grass seed.—A few sales have been effected at from 2s. 9d. to 3s. For good extra dressed heavy samples the latter yrice is obtainable. Potatoes. Enquiries continue for forward delivery, and a few sales have already taken place. For one large parcel the rumor is that 365. is the price agreed upon. There is still nothing definite as to market rate. The present aspect of affairs points to between 30s. and 40s. per ton, sacks extra. Cheese and butter.—The former is in good supply at from sd. to s]d. per lb., demand slack. The latter is saleable at BJd. to 9d. per lb., demand moderate.

Messrs. R. Davies and Co. held their first auction sale in the yards attached to the Railway Hotel, Rakaia, on Friday, when they disposed of two town sections in the town of Rakaia, and several horses, ploughs, and other farming implements, belonging to the assigned estate of Mr. E. Powys, at satisfactory prices. At the close of the sale Mr. Davies, on the pari of his firm, thanked those present for their attendance, and informed them that he intended to hold monthly sales of stock and implements in those yards, when he hoped they would give him their support, promising them to do his best in their interests.

Messrs. H. Matson and Co. —At a sale of vessels held by Messrs. H. Matson and Co., on behalf of Mr. F. Jenkins, at their rooms, Cashel street, Christchurch, at 11 o’clock on Thursday the attendance was but scanty, and the biddings were very slow and weak. The first vessel offered was the Especulador, 262 tons register, which it was stated could carry about 360 tons of dead weight, or about 170,000 feet of timber. A very full inventory was read, and she was stated to be ready for sea. The first bid was L7OO, which went slowly up to L 725, at which price it was bought in. The Elizabeth Curie, of 76 tons register, was next offered, but a bid of only L2OO was made, and she was passed in. The Onward, fore and aft schooner, 69 tons register, was next offered, but all the efforts of the auctioneer failed to elicit a bid. The ketch Lucy James, 27 tons register, but said to carry 40 tons, was next offered. The first bid was LSO, which ran up to LIOO, at which price she w r as knocked down to Mr. Mackintosh. It w r as intended, we understand, to offer the unsold vessels by auction in Lyttelton in about a week. At 2 o’clock a sa’e of land was held at which there was a numerous attendance. Mr. Walton was the auctioneer. The first property offered were two sections of land upon the Esplanade, Sumner, but all the efforts of the auctioneer failed to obtain a bid over LIOO each, at which price they were withdrawn. The next property offered were 42 sections of the township of Newmarket, at Addington, on the West town belt. Number 30, containing 1 rood, 4| perches, brought L 10 0; No. 49, containing 25? r perchos, produced L7O; No. 12, containing 32 perches, brought L7O. The balance of the sections not reaching the owners’ limits were withdrawn. The bidding was exceedingly slow. At the same hour, Messrs. Matson and 00. also held a very large skin and tallow sale. There were 7500 sheepskins, 210 bags fat, 221 ox hides and several casks and packages of tallow. There was a numerous attendance, and considering the large quantities offered prices were very good. The prices of hides averaged about the same as last week. Sheepskins were rather easier. Fat was fully |d. per lb, better in price. A sale of over 250 horses was also held on Thursday, at 11 o’clock, Mr. J. T. Matson being the auctioneer. There was a very large attendance, and great curiosity and excitement was shown : the biddings were very active, and the prices unusually good. It is not often that an auction firm has four important sales such as these upon one day.

Messrs. Acland, Campbell, and Co. report on the live stock market for the week ending Thursday, April 8, as follows :—The Addington Yards on Wednesday were filled to overflowing with sheep. In fat sheep late rates were not maintained, there being a drop of at least Is. per head, and throughout the sale for bins class of stock there was a great want of animation. A large number of stores were yarded, and although some good sales were effected the market was irregular, several lots remaining unsold. We quote best crossbreds from 9s. up to 11s.; medium, Gs. up to Bs.; fat merino ew«s, 4s. lid. to ss. 6d.; cross-bred store ewes, 4-tooth, 7s. 9d. j 2-tooth, 7s. 3d.; cross-bred wethers,

in good condition, 7s. to 7s. Gd.; merino wethers, 4s. 3d. to 4s. Gd.; merino ewes, fair mouthed, 45.; crocks, 2s. to 2a. 6d. Yery few lambs yarded, what were in selling from ss. 3d. to Bs. 9d. Fat cattle did not sell freely, and late rates were not maintained, best quality, not making over 20s. A large number of stores came to hand, but it was almost impossible to effect sales and a large majority were turned out unsold. For good milch cows, in profit, and springers, there was a fair demand, and sales were made from L 8 up to Ll2. For the few lots of young store cattle that were sold, vendors had to submit to a considerable reduction on late prices. During the past week we have placed privately several lines of crossbreds and merino stoi’es and have still a good many orders to fulfil for this class of stock, especially for merino ewes. [by telegraph.] Dunedin, April 9. Prime beef, 225. 6d. per lOOlbs.; mutton, Ijd.; wheat, 4s. to ss. 4d.; fowl wheat, 3s. to 3s. 3 1.; oats, Is. 3d. to Is. 4d.; barley, 4s. to 4s. 6d.; feed, 2s. 6d. to 35.; potatoes, L2 15s. to L 3 ; old hay, L 4 ; new oaten hay, L 3 55.; chaff, L 3 55.; straw, L2 ; bran, L 3 10s.; pollard, L 4 ; flour, LlO 10s. to LlO 15s. per ton ; large sacks oatmeal, LlO ; pearl barley, L 22 ; onions, Os,; new cheese, sd. to Gd.; bacon, rolled, lOd.; hams, Is.; sides bacon, lid. Hams and bacon scarce.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18800410.2.4

Bibliographic details

COMMERCIAL., Ashburton Guardian, Volume 1, Issue 85, 10 April 1880

Word Count
1,251

COMMERCIAL. Ashburton Guardian, Volume 1, Issue 85, 10 April 1880

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