TRADE REVIEW.

Franklin Times, Volume 14, Issue 260, 3 August 1925, Page 5

TRADE REVIEW.

BIG RISE IN POTATOES. AI'STRALIA BI'YS PUPRLIKS. Developments in the potato market completely overshadow all other items in the grain and seeds trade, the dominance being due mostly to a revived inquiry from Australia and an advance in offers. says the Christchurch Sun. fitters have been made from across 'the Tasman at £1 ids a ton, t.0.b., s.i. Some of those have been refused. and ottiers accepted. To top Ihe excitement caused by such business. came a report, as yet unconfirmed. that owing to the interference with Stale shipments caused by the strike, there had been a big jump in Sydney. Hie spot price reaching £ld>. As yet. Ibc effect of this liafe not bad time to be demonstrated. Of course, the Australian inquiry at once hardened up prices for coastal shipment. For 1 .Tuly. potatoes are quoted al £7 to £7 as a ton. f.0.b.. s.i. ami have been sold at £7 2s <’>d. For August. the quotation is £7 as. and for Angust'-September £7 Ids. Auckland is a keen buyer, for owing to the interference with the forwarding of supplies from the country, shipments have been comparatively light. There will be a fair clearance, however, by ip,. Katoa. The vessel is loading in Oamarti. and t'dOU sacks await sliip--1,11-nI in Timaru. Then will be the Ly 11 ell on loading, so llial Ihe total quant it v In be carried can be expecl - ~,] m he about 12.000 to 14.000 sacks. Arrangements for Shipment. In consequence of the Australian demand for polaloes. representations have been made to the Union Steam Ship Go.. Ltd., for an early vessel. One is expected to be made atailabk next week, but this will not give a o T ea! deal of lime to shippers to carry out Hie preliminaries necessary under the Australian regulations. As these regulations have been relaxed to the effect Rial a certificate at the port ot export is suflieienl. free export should be possible. So far. the trial shipment of potatoes to Australia still is on the way. Three weeks have elapsed. and probably another week or so will pass before the. supplies arrive. By then their condition may be unsatisfactory. . . ... II is unfortunate that such delays can occur when shipment is made via the Bluff. , ... 11 now is clear that the recent wet weather lias affected that portion of the potato crop yet undug. The potatoes have had an almost persistent soaking, and the final bad turn ill the weather caused adverse results. J'G course. Ibis may not have much effect <>n Ibc situation.