CORN EXCHANGE.

Ashburton Guardian, Volume VII, Issue 1775, 24 February 1888, Page 2

CORN EXCHANGE.

Following is the Corn Exchange report for the week ending Fobruary 24th, 1888:— The heavy rains on Sunday night and Monday retarded harvost operations, but we have not heard that any material damage has been done. The grasß and turnips will bave greatly benefited by tho rain. We regret to have to note that the English grain advices during the week have not been bo satisfactory, prioes generally having a downward tendenoy. Freight also is high and difficult to obtain, consequently wheat ahew_ a slight falling, and we do not expeot to Bee muoh speculation m this cereal until tho vessels now boing arranged for are on the spot to reoeive oargo. No orders aro yet to hand from Australia, except for barley, but as the maltsters and brewers aro operating freely, shippers aro unable to buy at limits named by their principals. Wheat. — Old wheat meets with fair demand from looal millers, and for intercolonial trade at from 23 lOd to 3a Id f.o.b. For new wheat buyers are not anxious to deal knowing it to be Btook thrashed, and are only offoring 2a 8d to 2a 9d, but as soon as the vessels are hero we expeot to see more speculation, if not improved values. Chicken whole wheat is Boiling at 2a 8d to 2b 9d for prompt delivery. Oats. — There ia a disposition to speculate at is 6d to ls 7d, but tarmera are holding baok. Old Btooks have been nearly shipped away, and the market is fairly bare. We value short feed ls 6d to Is 7d ; milling, Is Bd. Inferior sorts aro not offering. Baulky.— A keen competition is evinced for prime malting, and last week's rates of 4s to 4a 3d for choioa lines have been fully maintained. Seoond quality malting is being quoted at 3a Gd to 3s 9d ; Boreenings, for pig feed, 2s to 2s Id. Grabb Seed. — Very little is offering ; sales of small lots have been made at 2s to 2a 4d ; maohino dressod, at 2a lOd to 3a. Cooksfoot is being plaood at 3Jd to 3£d for primo heavy seed. Second quality is not muoh sought after at 2_d to 3d. Potatoes,— Kidnoys aro boing plaoed m small lots at 45s at country stations. I Dairy Produce iB very quiet, and prioes are unchanged. The above quotations aro those paid to farmers and delivored f.o.b. Lyttelton, saoks extra.