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The Christchurch Corn Exchange.

The following is the report for the week ending Friday, the 15th inst.: — Business for the past week has been unusually dull. The state of the market is precisely what it has been for some time past. A few lines have changed hands at ruling quotations. The prospects of an abundant harvest are still good, the weather up to the present time being all that can be desired. Latest telegrams from Home report an advance of 2s. per quarter on wheat. This, however, will have no effect on prices here. Recent advices report favorable yields in most'of the corn growing countries in Europe, also America. Wheat—First-class milling is worth 4s 6d, f.0.b., in Lyttelton ; ordinary milling quality, 4s to 4s 3d, in Christchurch; second class samples 3s 3d to 3s qd ; chick wheat, 2s to 3s per bushel. Oats. —A few small sales have taken place during the week, at prices varying between is 6d to is 8d for good stout milling samples. A fair demand still exists for this class of oats, not however so good as formerly. This is accounted for by the difficulty of procuring freight. Feed samples are not in much request, at from is 3d to is 4d per bushel; inferior samples of the latter quality are not very saleable, and are offering at from is to is 2d per bushel. Barley.—Brewers and maltsters continue to be indifferent buyers. A few parcels of fairly good malting quality are on the market, but do not change hands at the prices asked. Holders, however, are firm. There is little business doing, but quotations are unchanged. Prime malting is held at from 2s 8d to 3s 6d per bushel; fair quality, 2s 3d to 2s 6d ; feed samples, is 6d to is qd per bushel. Grass Seed.—A better enquiry has been manifested during the week, really good heavy seed being pretty free ot sale at from 2s 6d to 2s iod per bushel. Town-dressed samples of unimpeachable quality, 3s to 3s 3d per bushel; badly cleaned light samples, is qd to 2s 3d per bushel;

Potatoes,—There is no change to report in the state of the market for the tuber. A small demand still exists, but it is of so unimportant a character 'as to have no beneficial effect on prices 1 14s to 15s per ton are the rates at which business has been transacted, sacks extra.

Cheese and Buffer,—The former is in good supply, with a very indifferent demand, at from 4d to 4}4d, the latter very plentiful, with a very indifferent demand, at from s}£d to 6d.

Messrs. Matson and Co. report as follows— On Tuesday the new stockyards for Ashburton were formally opened, and the first sale was held on that date. There was a very large attendance of farmers, &c., and we disposed of everything, with two exceptions, entrusted to our care. The totals yarded for the day were—l64o sheep, 168 cattle, 21 pigs, and II horses, of which our entry consisted of 415 sheep, 104 cattle, 13 pigs, and 5 horses. Prices were remarkably good, and we sold as follows —86 sheep at 15s, 38 at 15s id ; 101 merino wethers, stores, 10s ; 12 culls, 8s; 143 cross-breds, stores, at lis Sd; 65 long-wool hoggets at 13s sd. In cattle our sales were 5 at L 4 17s, 2 at L 6 xjs, 2 at L 6 17s fid, 2 at L 7 12s fid, 37 steers at L 4 15s, 7 heifers at L 4 ss, 1 bull L>2 15s, X cow L 8 12s fid, x do. L 7 xos, I do. L 5 17s fid, 1 do. Lx xos, x do. L2 ss, x do. L 4, I do. Lio, 1 do. L$ xos, 3 at L 5 10, 1 do. L2 12s fid, 1 do. LB, 1 do. L 6, II calves L2 9s fid, 12 do. L2 is, 3 do, Lx 14s. In pigs we sold 1 at L 3, 4 at Lx 4s fid, and 5 at Lx is fid. We also sold x horse at L2O, and 1 do. at L 27 'xos. Altogether the sale must be pronounced an unqualified success, and shows that the settlers of the Ashburton district do no despair of the future prospects of their part of the province. The yards worked well, and with a few slight alterations they can easily Ire made the most easily worked saleyards in Canterbury.

Messrs. Acland, Campbell and Co, report on the live stock market for the week ending Thursday, October 14th, as follows : —The supply of sheep was. not so large as last week, 4,527 being penned. At the beginning of the sheep sale biddings were very slack and lots were disposed of with some difficulty, but towards the close prices improved very much, and in some cases there was a slight advance on last week’s rates. There were not many store sheep yarded, but what were in sold readily. We quote best crossbreds, in the wool, at from l6s to 17s 3d ; medium, 14s to 15s pd ; light weights, us to 13s 3d; shorn crossbreds from Ss to ns 3d, according to weight and quality. Merino wethers, in wool, from lls to 12s pd. Woolley hoggets, very good ones, sold at 14s 6d ; shorn hoggets at 6s to 6s 2d. Cattle : 475 head were yarded. The market for cattle did not open with any animation, biddings being very slack, but as sales went on prices improved as they did in the sheep market, and last week’s rates were fully maintained. There was a good entry of store cattle, but sales were not effected so readily as last week, still there was a good demand for well grown grazing cattle.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18801015.2.4

Bibliographic details

The Christchurch Corn Exchange., Ashburton Guardian, Volume 2, Issue 167, 15 October 1880

Word Count
962

The Christchurch Corn Exchange. Ashburton Guardian, Volume 2, Issue 167, 15 October 1880

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