SHARP RISE IN POTATOES

Sun (Auckland), Volume III, Issue 711, 10 July 1929, Page 10

SHARP RISE IN POTATOES

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Tuesday. The potato market has jumped since the week-end. Reports then showed that £5 15s a ton was being paid for “prompt’' potatoes, an improvement of 7s 6d on the week before. Today prompt delivery was sold at £6 2s 6d to £6 ss, or approximately an advance of 15s a ton in the space of a week. July delivery is now quoted at £6 12s 6d to £G 15s. Some sales have taken place at this price for July-September, but there is a general stand-off policy in regard to later months. All deliveries have advanced in price by 15s to 20s a ton during the week. The main factor is the increased volume of inquiries from Auckland. Forward operations and consignments have kept the market supplied there without any need for merchants to concern themselves, but apparently this source of supply has ceased, and northern buyers are compelled to come on the market with something of a rush. This afternoon £5 5s was being offered for Whites on trucks, this price being exceeded in the case of nearby stations. The Waipiata took 2,800 sacks from "Lyttelton on Saturday, in addition to 2,700 from Timaru. The Wingatui is due to leave on Monday. .V factor in the confident position the grower has taken up is that in some disire heavy, and a fair amount of rejection has taken place. Roth the milling and fowl wheat markets are dul, and the big return reto ded it not likely t.. improve matters. The gross yield, acording to the interim '' turns, is S,SIS,OOO bushels. From 5s Sd to 5s 9d a bushel on trucks is quoted for milling, and 5s 7d to 5s Ttd f.o.b. for fowl wheat.