GRAIN MARKET EASIER

Sun (Auckland), Volume III, Issue 913, 5 March 1930, Page 10

GRAIN MARKET EASIER

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Tuesday. \Y heat continues to come on to the market freely, with the result that prices for Tuscan and Hunters have eased, and several sales of Tuscan have been made this week at 5s 8d on trucks, while Hunters wheat has changed hands at 5s lOd to 5s lid. Not much Pearl is offering and what there is commands Gs 3d on trucks. Fowl wheat today is at 5s 9ld, while the forward price is 5s lOd f.0.b.. s.i. The market for oats is much weaker than it was. This is attributed to the fact that orders have been sent to Australia and offerings are now being made from the South. "Nominally A grade Gar tons are quoted at 4s for April-September, f.0.b., s.i., with buyers hard to find. B grade are quoted at 3s B?.d for the same delivery. The price of A grade Gartons, prompt, is 2s lid, 1'.0.b., s.i., and of B grade 3s Sd. The price on. trucks of Gartons is 3s 3d to 3s Gd, according to quality, and Algerians and Duns are now meeting a poor sale. Offerings are being made from the South at prices lower than those which are being asked in North Canterbury. Duns are quoted today at 4s to 4s Gd and Algerians at 3 s to 3s Gd on trucks. The market for chaff is still steady at £6 15s f.0.b., s.i., for April-Mav shipment, and at £5 on trucks. .J* is difficult to dispose of Partridge peas. Growers are asking 4s Gd a bushel, but the merchants’ idea of values is from 4s to 4s 3d, according to quality. This market has a quieter tendency and the lack of orders from the North Island is most marked. The present quietness is altogether unusual for this time of year and it is having a depressing effect on the local market. Perennial ryegrass offerings are bemg received from the South. Nice quality machine-dressed are offering at 6s fld f.0.b.. equal to about 4a 6d to os on trucks at Southern stations. Italian and Western Wolths are steady at recent rates. Cocksfoot is easier and machine-dressed Aliaroa 1S looted at 13id for prompt, but there are very few buyers. There is no demand for cowgrass or white clover and prices are unchanged Most of the barley is grown under contract. The value of malting is 4s rucl S s Pnfi 0f Cape 3s to 3s 3d on trucks. Potato reports to hand this week are to the effect that in the Hawke s Bay and Rangitikei districts Jr®, potato crops are very good and then 4he t? j® a , fairly large area of them. Under these circumstances it is not thought that the North Island will requn-e large supplies from the South Island in the early months of the export season. The local market is quiet at £4 12s 6d for April. May at n £s 10, V SJ t , at £S for July anci at 10s for July. August and September. Hie price to farmers for April-May delivery is from £3 os to •*.3 10s on trucks.