CHRISTCHURCH CORN EXCHANGE.

North Otago Times, Volume XXVIII, Issue 2689, 29 January 1881, Page 2

CHRISTCHURCH CORN EXCHANGE.

The following is the Corn Exchange report for the week ending Friday evening, the 28th instaut : Business in the grain trade during the past few weeks has been of a most unimportant character, and at the present time no transactions, excepting those for forward del. very, have transpired. Harvest opera-t-ons are in full swing, and until these are iv * more forward condition little or nothing will be done. Reports from the various »i,'iicultur*l districts are most favorable. The quality of the grain Is said to be exceptionally good, while the yield, although not of the superabundant nature of last year, will still show a high average. Altogether this harvest may be looked upon as one of the best that has been known for years. The w< ather, too, which has been so beneficent throughout the season, has not deserted us, ! aud from preaent appearances there is every likelihood of its continuing to be favorable. It is, perhaps, premature to quote prices for the different cereals, as transactions are not yefc numerous enough to establish what may be called ruling quotations. As heretofore, sellers are expecting just a little more than buyers are prepared to give, but these differences will disappear when sales are more numerous and prices recognised. It may, however, bo safely asserted that prices will be such, coupled with the yieid, as will leavo the farmer a fair remuneration for this ye'r'a labor. The following are the ruling prices of the cereaU at present (not the nesv crops) : Wheat — Good sound milling samples are ■aleable at from 4s 3<l to 4s 4d per bushel ; second quality, 3s to 3s 6d ; chick wheat, 2s to 2s 6d. Oats — Good short milling samples are worth from Is 5d to Is B'i per bushel ; feed quality, la 3d to Is 51 delivered in Christrhnrch. Barley. — Prime malting samples are really not in the market, but fair to medium quality will fete h 2s 4d to 2=> 6d ; feed sampler 's 3d to Is 9d per bushel. Grass Seed. — A few sales have taken place Fsrs'j-clas"? town-dre sed at from Si to 3s 3d; second rate, indifferently cleaned, 2a 3d to Qo 6d per bushel. ' Dairy Produce. — Cheese ia in good supply, with a rather slack demand at from 3W to 4d. Butter — Supply and demand are both good, and is passing into consumption at 6d.