POTATO MARKET FIRMER

Sun (Auckland), Volume IV, Issue 998, 14 June 1930, Page 11

POTATO MARKET FIRMER

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Friday. Values for oats are distinctly weaker, and although there are plenty offering, buyers are few and the market very quiet. A' grade Gartons for prompt delivery may be secured at 3s lOd to 3s IOJd and B grade at 3s 9d to 3s 9£d. Chaff remains fairly firm, and the quotation for prompt delivery is £7 a ton, f.0.b., s.i., equivalent to £5 10s on trucks! Chaff for June delivery is £7 5s f.0.b., s.i., and that for July-August-Septembe** delivery is worth, a little more than that figure. Practically all the free wheat has been absorbed, except for a few odd lots, and the pool is the chief holder. Some business continues in next season’s crop on the basis of 5s 6d for Tuscan, 5s Sd for Hunters, and to 5s lid for pearl. Fowl wheat is fairly scarce, and with the demand still quite good the price remains firm at 6s f.0.b., s.i. During the last few days, the potato market has firmed and today for prompt delivery they are worth £3 15s a ton on trucks, and for the end of June delivery as high as £4 has been paid. There are not many prompts offering. For July delivery, they are quoted at £5 7s 6d and for July-August-September sales have been made at £6 15s, but those sellers have disappeared and £5 17s 6d is being asked. A lot of potatoes were sold forward for June delivery, and it would appear that crops have not turned out as good as was expected, with the consequence that buyers finding supplies short have been forced on to the market. The Wingatui left today for Auckland carrying 6.000 sacks, 5,000 from Lyttelton and 1,000 from Timaru. The onion market shows very little change. The quotation today is £2 15s to £3 a ton on trucks for good lines.