GRAIN MARKET QUIET

Sun (Auckland), Volume II, Issue 513, 16 November 1928, Page 12

GRAIN MARKET QUIET

CHEAPER POTATOES PRICES FALL £3 A TON November 16. 9 p.m. Even in grain, seed, and produce circles the influence of the elections has been felt. Business over the week has been quiet, with little movement in prices. The potato market is giving rise to little concern. Stocks of the old season’s tubers are practically exhausted, and local requirements are being met by Auckland growers. Supplies are coming in freely from all around Auckland, Mangere, Avondale, and other suburban growers sending daily consignments forward to the marts. At Pukekohe the price eased approximately £3 a ton over the week, and yesterday the tubers were offered in storekeepers’ lots f.o.r. at 16s 6d a cwt. In the marts, good sample new season’s tubers are selling at from‘lßs to 19s a cw^. Onion Market Weaker "With the approach of the warmer weather, combined with the high prices, the demand for onions is even weaker than it was at the date of late reports. The market has a weakening tendency. Advices to hand are to the effect that the Kairanga, from Melbourne, will be here up to schedule with supplies of the first of the new season’s Globes, and that will help jto bring the price down. Cheap onions, , however, cannot be reasonably ex- | pocted until well on into December. At | the moment, the American variety is selling in the marts at up to 32s 6d a case. Cereal Market Dull The cereal market is not making a great show of strength at the moment. Wheat is offering fredly in the South at 5s Bd. Some merchants forecast even lower prices as a result of the elections being so favourable to a party which made it a pledge to inquire into the present duty on both wheat and Hour. This may have a slight bearing influence on the market, but at the moment Auckland’s requirements are being met with ample supplies in store or in sight, and little interest is being taken in the market. Through store quotations remain around 7s 8d a bushel.. The maize market remains quiet. A few small parcels have been sent up from Gisborne over the week on a basis of 5s 3d a bushel f.0.b., and more is available at that figure both for prompt and spread delivery. The Bay of Plenty market is fairly firm. Little movement has taken place in the market for oats and chaff. Quotations remain unaltered, with B Gartons offered through store at 4s 8d a bushel, and good bright chaff at up to £9 10s. LONDON WHEAT MARKET (Australian and N.Z. Press Association) (United ServiceJ LONDON, Thursday. Wheat cargoes, following upon a bullish Canadian report, made a firm advance of 6d, checking business. By an unnamed vessel in March, for Calcutta, 43s 9d. Parcels were held for an advance of 6d. By the Ascanius (bags), 47s 9d. Liverpool futures: December, 9s 3 7-8 d a cental; March, 9s 4 5-8 d; May, 9s 4 7-Bd.