CANTERBURY MARKETS.

Auckland Star, Volume LXVI, Issue 11, 14 January 1935, Page 4

CANTERBURY MARKETS.

NEW SEASON'S PROSPECTS

(By Telegraph.—Press Association.) CHRISTCHURCH, Saturday. The first weeks of January are necessarily quiet on the Canterbury grain and produco market, almost all attention being paid to possible yields. At present the market is normal in all sections, with very slight business passing in fowl wheat and ryegrass. Merchants have inspected some new season's crops of ryegrass, both Italian and perennial, and their ideas of values are 1/6 to 1/9 a bushel for Italian and 1/6 to 2/ a bushel for perennial, the higher value being for heavy, extra good quality samples only. The ryegrass crop is good and there should be ample for all requirements. No cocksfoot is offering yet. Last year was a poor season for cocksfoot and it is certain that this season will be an improvement compared with average years. However, the season will be fair only. There have been one or two lines of white clover on the market, but no business is renorted. Prospects are for a good crop, although prices will probably be below those of last season.

•In grain no business is passing, except for fowl wheat, which the betweeneeasons demand has stimulated, especially aa there appears to be a possibility of a higher price for milling. Wheat prices are firmer, with a quotation of 4/ at Lytfcelton and 3/11 to 3/11% at Tiraaru, for prompt delivery. There is practically no forward business in potatoes, all factors affecting the market, principally the weather and the uncertain Australian situation, causing business to be conducted cautiously. The nominal values at the moment range from £2 5/ to £2 10/ per ton on trucks for April, May and Jime-dd&erjh