COMMERCIAL.

Temuka Leader, Issue 1997, 21 January 1890, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE The following is the Corn Exchange report for the week ending Friday, Jan. 17th, 1890 The weather has been anything but settled of late, and is causing no little anxiety to farmers generally, the warm ripening days that we should have at this time are apparently to come. The frost noted in the northern districts, and which we are informed has damaged the potatoe crop, is somewhat phenomenal. With the large stocks held of both wheat and oats opening prices cannot fail to be low ; great difficulty is experienced in moving the large stocks that have accumulated and were It not that space is available for wheat to London the position would be worse. As it is holders of oats are at a loss to know what to do with the surplus of last season, and prices have receded considerably with still a downward tendency. Samples of new oats will be offering shortly and prices will no doubt then assume a quotable price. Grass Seed—Eye: A few samples have been on the market. As far as can be judged the seed will be over the usual standard as to weight per bushel, but is somewhat dark in colour owing to recent showers; prices have opened in favour of sellers, but the demand is very limited and the quantity offering will affect values later on. Cocksfoot: as yet no thrashed samples have been offered, The following are our week’s quotations:—

Wheat Tuscan, 3s Id ; pearl, 2s XOd ; hunters, 2a 8d to 2a 9d.

Oats Milling, Is 7d; short stout feed, Is 5d to Is 6d.

Barley-Malting, prime, 3s 6d; medium up to 3s ; feed, Is 6d to Is 9d. Grass Seed—Ryegrass (old) machine dressed, 4s to 4s 3d ; (new) farmers’ good samples 3s 3d to 3s 6d. Cocksfoot, prime heavy samples, 3£d. Dairy Produce—Butter, to 7d. Cheese, large, 3^d ; small loaf, 4d.

The above quotations are those paid to farmers for delivery f.0.b., sacks extra.

(JHRISTCHUitUa WOOL SALBB. CHRIhTCHUitOa. Jan. IT. At the -ni'l •; i. j to-d.<y 6500 **!»*•<« *■*' * >'d.t 'd. I »»«* 3 g woe as »■ :• >v : -ilorii.. j.i! 8:; to I ; c-moii-2, B|d to

bred, 9d to lid ; fine halfbred, pieces and locks according (o quality, oeyeral large clips were withdrawn for shipment. AUSTRALIAN MARKETS, Melbourne, Jan. 17. The Leader estimates the cereal yield for the season will be as follows Oats, 4.400.000 bushels, being an average of 22 bushels to the acre ; malting barley, 96.000 bushels, an overage of 16 bushels to the acre ; other sorts of barley, 400,000 bushels, an average of 20 bushels. The hay crop is estimated to yield 720,000 tons, an average of 1J tons to the acre. At the wool sales to-day 6400 bales were disposed of. Competition was brisk. Greasy sorts ruled up to 12£d, washed to 18Jd, scoured to 20Jrl. Sydney, Jan. 17. At the wool sales to-day 5000 bales were offered and 4000 sold. Continental purchasers operated largely. Inferior to gmd greasy 8d to lljd, superior, Is, inferior to good washed 13d to 16d, inferior to good scoured, Isd to 20£d, ENGLISH MARKETS, London, Jan. 17. Frozen meat is unchanged. Tallow is quiet. Mutton, 25s 6d ; beef, 24s 6J. Kauri gum is flit. Australian wheat ex warehouse, quiet at 395. New Zealand long berried wheat, ex store, quiet at 37s 6d. Sugar, best German beet, 11s 6d ; Java, 15s