CHAFF MARKET FIRM

Sun (Auckland), Volume III, Issue 696, 22 June 1929, Page 28

CHAFF MARKET FIRM

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Friday. Although little has been doing in the grain and produce trade generally, a few lines are attracting a little notice" Chaff, no doubt on account of the wintry turn in the weather, has firmed in price. A grade is quoted at £5 15s a ton. f.0.b., s.i.. for July. Oats are inclined to ease from the f.0.b., s.i., value of 3s 6d a bushel that has been ruling for A Gartons. A fair quantity is being offered, and in the absence of an outlet this price is not available today. The wheat market remains as previously quoted, and the amount of business passing at the moment is limited. The wet weather has not had any effect in hardening potato values. Prompt and June tubers are up to £5 10s a ton s.i., while July supplies are worth £5 15s with sellers scarce, and July-Sep-tember supplies are £6 ss. Dakotas maintain a premium of 15s a ton on whites for prompt delivery. The Waikouaiti took 6,500 sacks North on Tuesday, of which 500 sacks were seed. The Wingatui w'ill sail on Monday, and it is expected that her cargo will range from 5,000 to 6,000 sacks.

“Caught” (Whangarei).—We would consult a solicitor. "Coal” (Mount Albert). —Unless you are in urgent need of the money, we would not sell meantime. The market is certainly depressed at the moment, but this is largely because the expected dividend is apparently not going to eventuate this year. Everything points to one next year, however, and a consequent appreciation of the market. Then would be the time for vou to get out if you still desire to do so. It is only the weak holders who are selling at the moment. “Forestry” (Morrinsville). —Our information is that the company is genuine enough, and that it has made a start with planting. We understand, however, that there are one or two factors which do not make its shares appear in a favourable light when compared with other investments we could mention.