CANTERBURY GRAIN AND PRODUCE MARKETS

Dominion, Volume 14, Issue 29, 29 October 1920, Page 10

CANTERBURY GRAIN AND PRODUCE MARKETS

Br Telegraph—hen Association. Christchurch, October 2(5. The reduction of freight charges sn oats to EnglaJid has stiffened up the ant market. An individual sale had b«»sn reported aa low as 3s. lid., S.L, f.0.b., but general™ 4s. touched the low water mavfc of the drop. Since tho report of tlio new shipping rahs, values have appreciated and is. 3d. is the lowest point, on wlii-:h business may be done at present. The new freight rate is .£6 10s. per ton, equal to 2s. 3sd. l*r bushel.. It is imported that a 'southern firm has sold for Novenvwr shipment a quantity of about 250, CM bushels on a. basis of fiss. a .quarter, equal to fls. IOJd., so that freight and other incidental chargrs before sanding, about 2s. 6d. to 2s. 7d., .would leave about Js. 4d. a bushel. The new development Inm caused northern merchants wio hnvij sold forward some concern, and inquiries nro r.ow being made for early supplies to meet these sales. Not much business is beins done at the values offered, the r.crtherners holding the belief that tho Home market will not seriously affect tho position. The gfnevnt opinion, however, is that the affect will be far-reaching, an with tho shipping available, bulky- shipments aro pjobable, and will undoubtedly create rising values. Chaff is firm, but generally the seed markpt is quiot. Potatoes are being given awny, so it is reported, in some districts for the cost of digging and gathering.