CORN EXCHANGE.

Globe, Volume XXIII, Issue 2191, 4 March 1881, Page 4

CORN EXCHANGE.

The following is the report for the week ending Friday, March 4th, 1881 : _ Extreme quietness has prevailed in tho grain market during the past week ; the reasons for this are not far to seek. Imprimis—The bare margin of profit which is left for tho shippers, the extreme difficulty of procuring freight, tho rapidity with which tho grain is pouring in from all quarters, and consequently the difficulty of finding storage accommodation till ships arrive to export it. Tho weather all throughout the season from start to finish has been so exceptionally favorable, the yield so large and so early in tho market, that tho arrangements made for its deportation have been inadequate to the requirements. Wheat.—First-class milling samples are saleable at from 3s 4d to 3s Cd ; Tuscan, 3s 7d to 3s 9d, delivered on board the vessel in Lyttelton. Samples of a quality not equal to the before mentioned, 2d to 3d per bushel under these quotations. What comes under tho heading of chick wheat varies so much in quality that a wide margin must be given, viz., Is 9d to 2s 6d per bushel. Oats.-—Not much business is being done in this cereal. A few parcels are offering, which meet with buyers at from Is 6d to Is 7d for good stout milling; feed samples from Is 3d to Is 5d per bushel. . Barley.—There is no improvement to note in the business being done in this grain. A good few parcels coming to hand are of fine quality, hat the fact of tho brewers and maltsters being still well stocked with last season’s crops, prevents their doing much business. Shippers also are not eager buyers, on account of tho difficulty in disposing of it. In spite, however, of these adverse circumstances, really first-class malting samples may still be quoted at from 3s to 3s 6d per bushel ; second class, 2s to 2s Cd; feed barley, Is Cd to Is lOd per bushel. Grass seed still continues in demand, with a rather short supply. Well-cleaned farmers’ are worth f r >m 2s Cd to 3s 3d; machine dressed, 3s Cd to 3s 9d per bushel. Other samples of indifferently cleaned vary so much quotations cannot bo given, the amount of cleaning required determining their value. Cheese and Butter. —1 ho market for the former is extremely heavy, and sales are difficult to effect at any price ; O.Jd under last week’s quotations may he quoted, viz .3d per lb. The latter is saleable at from Cd to 6)d per lb. Hay. —£2 10s per ton deliver, d in Christchurch.