THE OATS MARKET.
BOTTOM FALLING OUT. By Telegraph.—Press Association. Dunedin, Last Night. There are signs of a complete break hi tlie oats market, owing to tthie absence of demand and a scries of forced silks. It is reported that a purchase was made to-day by a Southland firm of a considerable line of B grade sparrowbills at Is 7d at Gore, equivalent to Is 10d f.o.b. Bluir. Advices from Auckland also state Hint B grade Sparrowliills is offering there from the South at Is lid f.o.b,' This represents a drop of between 8d and !)d per bushel from tlie hig/hest' point touched this season, and as a, majority of merchants laid in heavy; stocks at highest prices tlie losses must be heavy. This promises to bto tlhw most disastrous year experienced in the oats trade for a good many, years. Advices from Australia indicate a demoralised market in .Sydney and .Melbourne, owing to the heavy shipments from New Zealand on consignment. There is no present indication of a renewal of the North Island demand, and merchants are turning their eyes to London, but tlie absence of cheap freights blocks the way hi that quarter.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19080829.2.10
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume LI, Issue 213, 29 August 1908, Page 2
Word count
Tapeke kupu
194THE OATS MARKET. Taranaki Daily News, Volume LI, Issue 213, 29 August 1908, Page 2
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in