WHEAT SLIGHTLY EASIER

Sun (Auckland), Volume I, Issue 233, 21 December 1927, Page 12

WHEAT SLIGHTLY EASIER

FORWARD BUSINESS AT 5/11CANTERBURY MARKETS Press Association. CHRISTCHURCH, Tuesday. Wheat is slightly easier. Millers are not buying, and it is reported that supplies of Australian flour have been brought in heavily enough to affect the market for the local product. The statistical return of the stocks of flour and wheat on hand at November 30 should be published soon and information will then be available as to the probable carry over to the new season. The total yield this past season is recorded as 7,952,041 bushels, compared with 4,617,041 in the preceding season. A little business has been done for next season’s crop at 5s lid, f.0.b., sacks extra, for April-June forward. Fowl wheat has been bought at 5s 9d, f.0.b., sacks extra. Oats are scarcely so firm, spread A’s being quoted at 3s oid and B’s 3s 2d, forward. Chaff is quoted at £5 10s or about £3 15s a ton, on trucks. Reds are also scarcer in sympathy with the Home market. Quotations are 6s lOd to 6s lid, f.0.b., s.i. Forward potatoes are quoted at £4 12s 15s * f * ob » s.i., or from £3 7s bd to £3 10s on trucks. Growers are confident that prices cannot recede much to I '!sefl' an this. They are # not anxious Onions early last week were sold at £o 10s, f.0.b., s.i., consequent on cheap Melbourne quotations of £4. However to-day’s cable advice is £6 a ton, the market having jumped 30s a ton in a few days. Although the effect of this advance is not reflected in the Christchurch market, the latter is now a little firmer in tone, on truck, quotations being eries ** 12b 6d a ton for early deliv- . Th s !?r ice cornsacks has been reduced 6d a dozen, the retail cost to farmers being is 4£d each.