POTATO MARKET.

Auckland Star, Volume LVII, Issue 138, 12 June 1926, Page 6

POTATO MARKET.

MORE AUSTRALIAN ORDERS.,

BRING JUMP IN PRICES. ' '|\TI;>LLIF,RS "SQUEEZED." (B;. ■'-'.• gr. I'ii— Own Correspondent.) ''H'USTCTiURCH. Friday. ! j 1. : , ■,-,(,< a-- -.' c lionrmuing feature j - in i..- _,i ~'im.c market-, liie revived i j ;;,-.. i,.--. ,ui'i i confidence a pp.,rent last I. ■-~.-,-.; '. i\-;ii_ .-hanged t,. excitement and' -i_- :;, --. Tiie indication that Aus-| - -, ,1.,,. .v...:iM again come en ; 3-.- market j .1- ".-c--■ ti f'iilv iiorne out, Sydney seeking . !a;_f -~',!-;-s. Now it is that oversellers, \':.-> two v,---k- a ;,i were jubilant, arc ',- ... - |iicczc,i and -..m.'-.-a-.-I badly. No - jii:ij -,i!i,l '•■!■ m ire diiiinatio than ip fiipp'.eie rew-.'il of the position. Since !.)-; w°ek'- report 'be market ha s trmed '.<y !-"•.■ io £1. Fits Fr day last toe prr-mp: mice 'a.is £,; .",/ i tun. f.o.b.s.i. . There '.\.i- a sliglit advance on Saturday, r 'mt. although things were quieter on!' Monday, pnniidvneo wa- strengthening on | Wi-iln.--.lav: the rate for June potatoes went •-, _."•*. ]"/ and for July to £7 l n /- Late nn Wednesday came cabled requests from Sydney for large supplies, and on Thursday I he coastal rate- went higher, in,i It lui-iuess being done. To-day the rate foy prompt are C 7 a ton. f.0.b.. s.i. ;,,r -Line €7 •">/. for July from £7 10/ to t's. and for Jiily-S'pteiiiber £* •"/ to £S 10/. At the momon; tin; market is a !'•!!. • quieter. Sydney's offer- were £'.i for July-ln-.t -tiler-. e\,-e])i in a few in-tanr-es. cn'i "filled the niarket would •.■I. higher nnd would not accept business. Tlii- morning £0 2/6 was paid. Naturally, when Australia brought its influence to hear many ovcr-ollers rushed in to c"i\or. while flint, ivas a general -Vunp.'de for stocks. Position in Auckland. Auckland, which had been subsisting on consignment stocks and early cori r;i.-'_-, left the South Island to its "bear sarjrn.'" hut is now beginning to take an interest. Indeed. SouUcrn iniei'c-ls 11 _or, to comb norlhva markets Mr supplies. In turn Northern nu'ichaiita seeking such, business sent dcv n ie(|uesls for quotations from possible Souiiicrn sellers so that there has l»"*c»n rmicli rrr.&sing of wires. At the moment it looks a* if Sydney will ccntimie buy heavily. If so the. fmo'c of llio rr.nrk'.'t is assured. Contrary to expectation;, the Sydney market did not sag under the. iniluence i.f tiie arrival of the Waiknueiti with 2f",.00() sack' of South Island potatoes. indeed, in the face of this shipment "t rose from £12 to £13 10/ a ton. On Tuesday next another vessel will ka\c Lyttclton possibly with 20.000 sacks, and i" tiie '.'ig orders new lodged ar2 clinched tln:e should be further big sirpEior.r.s. FortunateJy for jrrowers. few would n.-i-i.'pt the rates ofTered when the market slumped, so that now farmers will I er.eiit generally by the increased, oilers o: £5 5/ t-n trucks for prompt, and £.-i 10/ to io 15/ for July.