COMMERCIAL.

Taranaki Daily News, 29 April 1922, Page 5

COMMERCIAL.

SOUTHERN MARKETS. By Telegraph.—Press Association. Christchurch, Last Night. Stocks of rejected wheat are mounting up at Lyttelton and farmers are in a quandary what to do with it. Some of it might come right with storing and ultimately bring milling prices, but other samples are scarcely likely to improve. Fair quantities are going north as fowl feed. Oats are weaker. A Gartons are worth about 2/8 at way side stations and it takes a good B to be worth 2/6. Very little is offering, but it suffices for all orders coming to hand. Algerians cover a wide range, according to quality, and prices for the few that have been sold may be set down at 2/2 to 2/6. the latter for exceptionally good. Peas, which were weakening, have firmed again, due to Home inquiry, and some tiny .purchases have been made during the week for export. Throughout the season the local price has been ahead of what home values warranted, but the recent advance has -brought the figures into line. Partridge has been selling as high as 9/- f.0.b., equal to 8/to farmers. The average value is less than that. Prussian Blues have also strengthened. It is understood the Tasmanian harvest has been disappointing this season, hence home activity. White clover covers a range of from l/l to 1/5 according to quality; particularly heavy a shade more. Cowgrass also covers a wide range. Business in farmers dressed has taken place between merchants at l/l,\but figures are quoted at from that price down to lOd. Potatoes are still going north m over supply. The Whangape on Wednesday took 5000 sacks from Lyttelton in addition to some from Timaru. The Opihi went this morning with 3400, and the Kaikorai is due to leave I morrow with a consignment of probably the same size. The Opihi’s are all for Auckland. From £3 5s to £3 10s is the quotation, but the market is weak. Substantial offerings of chaff have been, made, but business is negligible.