COMMERCIAL.

Globe, Volume XXIII, Issue 2161, 28 January 1881, Page 4

COMMERCIAL.

CORN EXCHANGE. The following is the report for the week ending Friday, the 28th January : Business in the grain trade dur ng the past few weeks has been of a moat unimportant, character. And at the present time no tr-en-actions, excepting those for forward delivery, have transpired. Hardest operations are nowin full awing, and until those are in a m; rc forward condition little or nothing will bo done. Reports from the various agricultural districts are moat 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. Altogather this harvest may be looked upon as one of the beat that has been known for yours. The •weather, too, which has been so beneficent throughout the season, has not deserted us, and from present appearances there is every likelihood of its continuing to ba favorable. It is, perhaps, premature to quote prices for the different cereals, as transactions aw not yet numerous enough to establish what may bo called ruling quotations. As heretofore, Boilers hra 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 assorted that prices will be such, coupled with the yield, $3 will leave the farmer a fair remuneration for this year’s labor. . „ The following ar« tho ruling prices or the cereals at present (not the new crops):— Wheat—Good sound milling samples are saleable at from da 3d to 4s 4d per bushel; second quality, 3a to 3s 6d ; chick wheat, 2a to 2a fid. Oata —Good short milling samples are worth from la 5d to Is 8d per bushel; feed quality, la 3d to Is 5d delivered in Christchurch. Barley—Prime malting samples are really not in tho market, but fair to medium quality wi 1 fetch 2s 4d to 2s 6d; feed samples la 3d to la 9d per bushel. Grass Seed—A few salea have taken place. First-class town-dressed at from 3s to 3s 3d ; second rate, indifferently cleaned, 2a 3d to 2a 6d per bushel. . . • . Dairy Produce-Cheese is in good supply, "with a rather slack demand at from 3i-d to 4a. Batter —Supply and demand are both good, and ia passing into consumption at 6d.