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COMMERCIAL.

(by telegraph. )

Dunedin, April 23.

Prime beef, 255. per XOOlbs.; mutton, 2d. per lb. Good samples wheat, 4s. 3d. to 4s. Gd.; fowls’ wheat, Ss. to 3s. Sd.; oats, Is. 3d. to Is. 4d.; barley, 4s. to 4s. Gd.; feed, 2s. Gd. to3s.; potatoes, L2 15s. to L 3 ; old hay, L 4 ; new oaten hay, L 3 55.; chaff, L 3 ; straw, L2 ; bran, L 3 ; pollard, L 4 ; flour, LlO 10s. to 110 15s per ton, large sacks ; oatmeal, LlO ; pearl bar-ley, L 2 2; onions, Gs.; now cheese, 5d.; bacon, rolled, lOd.; hams. Is.; sides bacon, lid.

SALE OP THE FAIRFIELD ESTATE.

On Thursday th e large Fairfield estate was submitted to public auction in the Town Hall -here, by Messrs. Matson and Co., in conjunction with Messrs. Acland, Campbell, and Co. The land offered for sale lies only a short distance beyond the East Town Belt of Ashburton, and for purposes of sale had been cut up into town-acre sections and blocks of from 5 to 50 acres. Seldom has a land sale been so well attended in this township as the sale of the Fairfield was, for all the sitting room in the large hall was occupied, and a goodly crowd occupied the space under the gallery. The auctioneer, Mr. Matson, before commencing the sale, gave quite an artistic description of tl.e property, dwelling upon the superiority and depth of the soil, the nearness of the land to the Agricultural and Pastoral Association’s reserve and the County Council’s plantation reserve. The terms of the sale were —lO per cent, cash deposit, 10 per cent, in six months, 15 per cent, in 12 months, and the balance at 8 per cent, for a term of years. The bidding was not brisk to begin with, but afterwards improved considerably, and fully half of the land was sold. We give below the business done, the prices quoted being at per acre :

The total sales amounted to 1,5,203 Ss. gd. A block containing 117 acres was also sold at £6 los. The biddings for the remainder of the large blocks not being considered sufficiently good, they were withdrawn. CHRISTCHURCH CORN EXCHANGE

The following is the Christchurch Corn Exchange report for the week ending Friday 23rd April Business during the week has been of the most limited description. Since the decline in values only small parcels are changing hands, largo growers preferring to take the risk of the English market themselves. The weather continues to be all that' can be desired, and threshing operations are steadily progressing. Largo quantities of grain continue to com&to hand, and is being shipped as fast as. the vessels can load it. Prices are not altered, and the market for all classes of produce is still heavy.

Wheat—Prime milling quality, suitable for shipment, cannot fce ; quoted at over os, 9d. to 3s. XOd. por bushellarge lines of the beforementkujed will find buyers at these quotations f.o.b. in Lyttelton. Small parcels are not so saleable, the reason being that the local buyers are apathetic, and shippers do not care about them. Chick wheat is in good supply, with a fairly good demand for fair to good quality. Inferior is rather neglected, and does not meet with ready sale. Prices range from 2s. fid. to 3s. per bushel. Oats. —Small parcels are coming forward, and are being absorbed by the local dealers. Large buyers are not eager to purchase on account of an uneasy feeling as to the future value of this cereal. The ’ prodigious yield has, to some extent, taken -rowers by surprise, and what to do with them is now a vexed question. The quotations are as before, Is. 4d. to fid. per bushel.

Barley.—The market this week is, if anything, differ thin the one that preceded it, maltsters and brewers appearing to be quite indifferent as to anything that is offered. Sellers are, in many instances, offering really good malting quality at low figures, which fails to lead to business. A decline in value may, therefore, be looked upon as having been established. Good malting, 3s. 6d. to 3s. 9d. per bushel ; feed sorts, 2s. 3d. to 2s. 6d. per bushel.

Grass seed.—Small sales continue to take place, hut the trade is by no means brisk, 2s. Gd. to 2s. 9d, is all that is obtainable for fairly good samples. Exceptionally good will command an advance on these prices. Potatoes.—Sales are taking place at from 275. 6d. to 30s. per ton, bat these quotations cannot bo said to bo the established price which will rule. The trade has not yet fairly opened up.

Cheese and butter.—The former is in large supply with a heavy market at 4d. to 4id. per lb. The latter finds ready sale at BJd; to 9d. per lb.

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COMMERCIAL. Ashburton Guardian, Volume 1, Issue 91, 24 April 1880

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