MARKETS IN CANTERBURY

Sun (Auckland), Volume I, Issue 255, 18 January 1928, Page 12

MARKETS IN CANTERBURY

WHEAT WAVERING SLIGHTLY Press Association. CHRISTCHURCH, Tuesday. The wheat market is scarcely as firm as last week. On trucks quotations for near stations are 5s Sd a bushel, but for distant points a halfpenny to a penny lower is offering. Merchants state that a heavy proportion of the incoming crop has already been bought, some estimates being as high as 40 to 50 per cent. This may be an over-estimate, but in some districts there are comparatively few farmers who have not sold. The prices paid average from 5s Sd to 5s 9d on trucks for Tuscan and 6s for Hunters. A grade Garton oats have been sold at 3s std to 3s 6d, f.0.b., s.i., and B grade at 3s Id. This is a wide disparity, an explanation of which may lie in the fact that most of the reduced acreage is represented by the Garton variety and B grade oats will be in much smaller bulk this year. There is a considerable area of oats already cut, mostly Algerian. Peas are weaker by a penny a bushel and 6s 7d, f.0.b.. s.i., has been the quotation for April-May delivery. Potatoes have receded about ~2s 6d a ton from -the price mentioned at the weekend. April-May-June delivery is quoted at £4 10s, f.0.b., s.i., about £3 5s to £3 7s 6d on trucks. March deliveries are quoted at £3 17s 6d on trucks.