CHRISTCHURCH CORN EXCHANGE REPORT

Ashburton Guardian, Volume VII, Issue 2251, 12 October 1889, Page 2

CHRISTCHURCH CORN EXCHANGE REPORT

Following Is the Corn Exchange Report for week ending Friday, October nih:— ln cereals business has been quiet and farmers have teen offering freely. Wheat is m much the same position as it was last week, the tendency being if anything m favor of buyers. Fair sales have been made principally to speculators for the Home market whilst holders who are not disposed to accept current rates have been arranging to send their wheat m the same direction on their own account. The Oat market has been for some time past m an unsatisfactory state, owinj mainly to the uncertainty that was existing as to the fiscal charges m Victoria. Now that the question is definitely settled and that the additional impost will be made on. tho a«Jth in c t. our Southern neighbors have temporarily weakened prices by undue haste to ease off their stocks. There i?, however, an impression that oats will tally before the Season closes. Barley is wi hout alteration. Spring sowing is about closed, and business m Grass be dis not as brisk. Potatoes are. now m strong favor, but rales have reached a level which renders speculation dangerous, therefore purchases are now being made on the basis ofjictual orders only. Peas and Beans still Hang ""'fire, and holders of ttie latter are con9igning Home to be clear of thsir stocks before the advent of next season. Considerable s hipments of Bu ter and Cheese have been made to London by direct steamers which should impirfc a healthier tone to the market later on. Quotations for the week ate as follow : —

Wheat.— Prime tuscan, 3s 3d to 3s 4d; pearl, 3s id to 3s 2d; Hunter's, zs gdto 2s lid: chick, whole, 2s 4<i to 2s 6dt Oats.— Milling, 2s 6d to 2s 7d; sbort feed, 2s 4d to as $& Barley. — Prime malting (scarce), 3s 6d to 3,s 9d : second qua'ity, 2s 6d to' 3s : feed, 2s \o 2s 3d. Rvegrass. — Town machine dressed, 4s 3d to 4s 6d ; f jrroers, 31 to 3s 3d ; cocksfoot bright heavy seed, 3d to 3#d. Potatoes.— Prime derwents, 95a to 1003 at country stations.

Butter and Cheese is without change. The above guotatior.s are those paid to farmers for delivery f.o.b. Lyttelton. Sacks extr*.