COMMERCIAL.

South Canterbury Times, Issue 2453, 28 January 1881, Page 3

COMMERCIAL.

CORN EXCHAN GE REPORT.

Christchurch, Jan. 28. The following is the Corn Exchange report for the week ending Friday, Jan. 28, 1881 : 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 delivery have transpired. Harvest operations are now in full swing, and until these are in a more forward condition little or nothing will be done. Reports from the various agricultural 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 weather, too, which has been beneficent throughout the season, has not deserted us, and from the present 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 y,et numerous enough to establish wba,t. may he called ruling

quotations. As heretofore, sellers are expecting .just a little more than the buyers are prepared to give, but these differences will disappear as the season advances, when sales are numerous and the prices recognised, It may, however, be safely asserted that prices will be such as, coupled with the yield, will leave the farmer a fair remuneration for his year’s labor. The following are the ruling prices of the cereals at present (not the new crops) ; Wheat—Good sound milling samples are saleable at from 4s 3d to 4s 4d ; second quality 3s to 3s Gd ; chick wheat, 2s to 2s Gd. Oats —Good short milling samples are worth from Is od to Is 8d ; feed quality, Is 3d to Is 5d per bushel delivered in Christchurch. Barley—Prime malting samples are not in the market but fair to medium quality will fetch from 2s 4d to 2s 6d ; feed samples Is 3d to Is 9d per bushel. Grass Seed—A few sales have taken place. First class town dressed at from 3s to 3s 3d ; second rate indifferently 2s 4d to 2s 6d per bushel. Dairy Produce —Cheese is in good supply with a rather slack demand at from 3-J-d to 4d, Butter ; Supply and demand are both good, and is passing into consumption at 6d.