PRODUCE TRADE QUIET

Sun (Auckland), Volume II, Issue 590, 16 February 1929, Page 12

PRODUCE TRADE QUIET

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Friday. In practically all classes of produce there is an unusual quietness in business for this time of year. The facts that millers are well supplied with wheat, that oats at the moment appear devoid of an outlet, and that the North Island inquiry for seeds is negligible, are creating a “go slow” atmosphere. Offers of wheat are coming in freely, but sales are comparatively few. The Wheat Board is receiving samples, and some sales have been effected at what are understood to be satisfactory prices, in view of the general state of the market. Millers have made some purchases at 5s 7sd on trucks and in a few cases at a halfpenny lower. Hunters range about 6s. Oats have further eased. A Gartons have been sold at 3s 4d a bushed f.0.b., s.i., for April-September, and B's at 3s Id, a drop of a penny during the week. Algerian oats are not inquired for. A few sales have taken place at 2s oil and 2s 4d on trucks. Chaff is quoted at £o 5s a ton f.0.b., s.i., for spread delivery. Partridge peas are included in the general circle of “lifeless'’ products. Nominal quotations are 5s 3d to 5s bd a bushel on trucks. In the absence of inquiry from the North Island there is little doing in the cocksfoot market. Akaroa is quoted at 7d to Sd a lb and plains at 6d to 7d. The maintenance of these prices is dependent on the demand that develops from the North. Perennial ryegrass ranges about 4s 6d a bushel on trucks, and Italian at 3s 6d to 3s 9d. There has been a steadying of purchases from farmers in view of the aDsence of inquiry from the North, and the promise of a good yield of perennial in Southland. Some white clover samples have been offered. Quotations are from Sd to lOd a lb. according to quality. . There is no change to report m the potato market. Values remain at £4 17s 6d f.0.b., s.i., or about £3 10s on trucks for early delivery. Farmers are reluctant to sell at these prices.