COMMERCIAL.

Temuka Leader, Issue 1977, 3 December 1889, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The following is the Com Exchange report for the week ending Friday, Nov. 29th, 1889 : The weather has been a source of satisfaction to all interested in agricultural and pastoral pursuits during the week. The late rain will considerably increase the prospects of a bountiful harvest, and be of incalculable value to the root crops. Market prospects are at the moment most dispiriting. Sydney advices deter any immediate hopes of an outlet for our produce there, grain and butter being exceptionally dull. Freight rather affects values as regards shipments, the English market being our only outlet at the moment. Farmers who have held will regret that they did not sell at the commencement of the season, and those who held for “ the rise ” will regret that they did not allow tbe speculator to make the loss they must incur themselves. The only prospect of avoiding a heavy loss is to bold until low freights can be obtained. Oats—There is no outside demand, local requirements are but small at this time of the year, and large stocks will consequently be esrried forward. Barley—A slight enquiry for malting may be noted. Potatoes—The Sydney enquiry having collapsed the market here may be considered closed. The difficulty of obtaining freights is a great drawback to producers who are dependant on the English market for an outlet failing a Sydney demand. It is to be hoped that with the increased production arrangements will be made another season for a means of transit to the Loudon market. Our quotations are as follow :

Wheat —Tuscan, 3s 3d to 3s 4d ; pearl, 2s lid to 3s; hunters, 2s 9d to 2s lOd. Oats—Prime milling, 2s 3d to 2s 4d ; heavy feed, 2s to 2s Id ; other kinds, Is 8d to Is lid. Barley—Malting, 8s 6d; feed, 2s to 2s 3d. Grass Seed Ryegrass, machine dressed, 4s 6d ; farmers parcels, none offering. Cocksfoot, nominal. Beans and peas unaltered. Potatoes —Nominally, £1 to £1 10s at country stations. Butter—sd to s|d. Cheese, 3d to 4d according to size and quality. The above prices are those paid to farmers for delivery f.o.b. Lyttelton, sacks extra, potatoes excepted. ENGLISH MARKETS. London, Nov. 28. The wool sales are animated, and prices remain very firm. Beef has delined id per lb.