COMMERCIAL.

Taranaki Daily News, 6 December 1922, Page 5

COMMERCIAL.

CANTERBURY MARKETS. By Telegraph.—Press Association. Christchurch, Last Night. Merchants’ boards are fairly bare of produce, and business Is quiet. There is a good tone, however, in practically all classes of new season’s grain. Freight on wheat to England has been dropped to 37s fid per ton up til! the end of this month. It does not help In the meantime, as there is no mUling wheat to export at. present, values, but if the lower rate should be extended into tne new season it may be a factor in prices. Business has been done at 5s at country stations. Barley is the medium nf considerable interest- Quite an amount of business in small parcels of the last crop has been done at 3s Gd to 3s 9d during the past few weeks for local use, but saunplos were of secondary quality. Oats are in a firm position. Inquiries have been made for export on a basis of 3s 2d f.o.b. sacks in for A Gartons. The market should open at the equivalent of this figure (about. 2s 6(1 to farmers), as in Canterbury stocks have gradually got into use. Chaff Is meeting with a local demand. Consumers, with the knowledge that there was a plentltude in the country, kept their stocks at a minimum, and to secure supplies have had to pay up to £3 10s to farmers. Forward business in potatoes has eased off, as the price has not been very encouraging.