COMMERCIAL.

South Canterbury Times, Issue 5010, 18 May 1889, Page 2

COMMERCIAL.

TIMARU MARKETS,

WHEAT, The past week has seen a further slight decline in the value of this cereal, consequent upon the overstocked condition of the Sydney market causing prices there to give way considerably, and the bulk of the new grain is therefore being stored on owners’ account pending further developments. Bates current now are about on a par with the English quotations, and it is possible that shipments to that market will bo resumed before long. Quotations are : —Prime Tuscan 3s 4d to 3s Gd, velvet 3s 4d, red chaff 3s 2d to fs 4d, whole fowl wheat 3s, broken do. 2s Gd to 2s 7d. OATS. Sales are made with difficulty, buyers being able to procure their requirements further south at lower rates than owners here care to accept. Quotations are s—Prime milling 2s 7d to 2s Bd, short feed 2s 7d to 2s Sd, bright heavy Danish 2s 4d to 2s 6d, fair average 2s 3d to 2s 4d. B All LEY. Good malting samples are saleable at 8s 3d to 3s Gd, inferior sorts being slow of sale at 3s to 3s 3d. CHEISTCHUECH CORN EXCHANGE.

The following is the Christchurch Corn Exchange report for the week ending Friday, May 17th, 1889 Large deliveries still continue to bo made by farmers by rail, although we shortly expect a considerable falling off. Threshing machines are not now quite so busy. Wo regret to say that a very large portion of the wheat is coming to hand in a bad condition, and there is considerable difficulty in effecting settlements of grain purchased. The very low rate of freight to London has induced several lines to bo shipped Home. Shippers aro busy forwarding consignments to Sydney, where the market remains moderately firm, and will doubtless now remain so for some time, as the other Australian markets aro becoming bare. While San Francisco is sending large supplies to Sydney, wo note that South Australia has been sending cargoes to Rio, It is to be regretted that New Zealand, with direct steamers, cannot command the Rio trade. Some years back large shipments were made from this port, but we seem to be allowing the trade to bo taken up by others. Oats have more business passing in the southern markets and are consequently rather neglected hero for the time being. Barley has had a fair shipping enquiry for prime. Grass seed and cocksfoot are dull and hard to deal with. Potatoes aro offering freely and sales are reported at £os at country stations, but the market is now a bit firmer. Dairy produce vt dull. Very few orders are coming to Quotations are as follows; WHEAT. Prime Tuscan 3s 9d to 3s lOd, pea,rl and Hunters 3s 6d to 3s 7d, medium 3a 3d;to,3s <l*3, broken chick 2s 8d to 2s lOd. OATS. Milling 2s lOd, short feed 2s. Bd, to, 2s long and inferior 2s 5d to 2s 6d. BARLEY. Prime malting 3s 9d to 3s lOd, medium 3s 3d to 3s Gd, feed 2s Gd to 2_s 9,d., BEANS.' Beaus 3a 2d to 3s 3d, TEAS, Blues, true to name, 3s Gd to 3s Bd, food 3s to 3s 2d, GRASS SEED. Machine dressed -8s 9d to 3s lOd, farmers’ lines 2a 9d to 3s 3d. Cocksfoot 2d to 2£d, farmers’ dressed,2Jd to 3d for prime machine dressed. POTATOES, Potatoes 52s 6d to 55s at country stations, DAIRY PRODUCE. Butter 8d to 10d, cheese 4d to 4|d, with dull market. The above-prices aro those paid to farmers' f QX delivery f.o.b. at Lyttelton, sacks extra.