COMMERCIAL.

Taranaki Daily News, 26 November 1921, Page 5

COMMERCIAL.

SOUTHERN MARKETS. By Telegraph—Press Association Christchurch, Last Nigh’,. Perennial ryegrass, which has been meeting with a very stagnant market for same time, showed a tendency to revive a week ago, and an opportune reduction during the week in freight rates to the Old Country developed the movement. The reduction was from 215 s per ton to 150 s. Whatever stocks merchants are holding locally there is not much offering, and tte bulk of the substantial busmens already transacted and in progress has been with the South, where there was a heavy yield last season. The Matakana, which Is to leave Lyttelton this week, is taking a fair oiiantity to London, and the. Westmeath, bookI cd for departure next week for West of Eng- | land ports, is also taking considerable quantities. Business this week was done at 4s 2d for export, and subsequent sales showed advances on that figure. Southern transactions have been from 4s 9d to 5s for good heavy seed to farmers. The price per average unclassed quality is about 3s 3d to 3s 6d. according to quality. The demand : due, i o doubt, to the effects of the drought, in England last sumnner, and the almost total failure of the red clover rropa on the ConUnent. Oats continue lifeless, nny business do.;e being confined to small parcels. It Is understood the matter of handling’ next year s wheat crop Is now exercising the attention of tl:e authorities, nnd the chairman of the Board of Trade has been In Christchurch during the week.