GRAIN TRADE QUIET

Sun (Auckland), Volume II, Issue 532, 8 December 1928, Page 12

GRAIN TRADE QUIET

POSITION IN THE SOUTH Press Association CHRISTCHURCH, Friday. Merchants report little life in the grain and produce trade. Some forward operators in fowl wheat have had to cover purchases, and this has imparted a little life into business in this commodity. Current rates are about 5s 8d f.o.b. Milling wheat is very slow of sale. Parcels have been offered at 5s 9d, on trucks, but there are few buyers at this figure. Some f.o.b. sales have taken place at 6s, the equivalent of about 5s Bid on trucks. Oats are being offered at 3s B£d f.0.b., s.i., for new season’s crop, but buyers at this figure have not appeared. The chaff trade is about the only one that is meeting with a steady, if small, movement. Auckland is the principal source of inquiry. However chaff has been ordered from Southland. Values range about £5 12s 6d f.0.b., s.i. A little forward business has been done In potatoes, at £3 15s, on trucks, for Whites, and £4 to £4 5s for Dakotas for April-June delivery. The crop is looking well so far, although some of the later-sown could do with rain. All seeds are practically without interest, and a revival is not expected until the autumn demand, toward the end of January.