SOUTHLAND MARKETS

Press, Volume LI, Issue 15268, 3 May 1915, Page 9

SOUTHLAND MARKETS

(SPECI.iT> 10 ''TUB ITJKsS. , ') INVEItCARGILL. 3lay 1. Oats.—On Saturday last merchants suddenly- dropped their buying limits -<1 per hushol, and again on Thursday they reduced their buying prico by another 2d per bushel, making a drop of -Id in tho week. The reason of this decline j iv price is not far to ioek. Fanners i arc anxious to got their grain to market before the winter .season sets in, and whilst the prico reraain s high : merchants do not consider it a wise policy | to sr>3culate in oats, and as far as pos- j siblo are confining tlieir rmrchases to j the quantity required to cover their ac- j ttial isalos>. . Tho quantity offering is therefore fairly large, and as tho buyors in the, North Inland are also pursuing a very cautious policy, tho effect v i to force prices downwards. The sud- ! den drop in price has already had v j steadying effect <>n the market, and very few farmers are now celling -'it current prices, viz., '-is '.id on trucks for A grade. Gaitons. and 3s 2d for B irrade Gartous. tacks extra. It seems fairly certain that in Southland at least A grade oats are going to be n fairly scarce commodity this season. In very ] many cas;s a large proportion of tho j deliveries arc turning out B grade, j whilst there are a fair number also of J soft, oat-of-eoudilion oats, which ■will eosD merchants sonic trouble to get rid of. Chaff.—Oaten chaff r> in good Uo mnnd at £v o.t.c.s. for prime quality. Thsre is ako a good enquiry for straw | chaff i'or export to Australia, but dur- | ing tho. past few days the price has fal- J len about log per ton, owing to the heavy rnin-s which have fallen iji Australia, Straw chaff now worth only about 3os to 4(>s o.t. | TJy*}Qras.s.—There is Terj" littli. , d' , - j mand for machine dressed perennial j ryegrass at present, as merchants arc- | not yet buying for thrir spring trade, j There is very little undre-ssed heed of- j foring by fanneivs, no it may be safely concluded that- most of iITe r ryegrass stocks are in merchaiito , hand.--. Dur- ! ing the past few thys. thevo has been i rather more omiuiry for Italian ryegrass, but there have been no sales of any groat magnitude. Potatoes.—Digging is now commotio | iug to bo fairly rencral throughout j Southland. In oouscouenco of tho ! lower prices ruling in Canterbury local | merchants am not disposed to ]>ay more j than £3 los to £i. sacks in, o.t.c.s. Wheat.—Sonic samples are arriving soft and . out of condition, owing to their being threshed out of stool*, or too early from the stack. The local prico i≤ inclined to be easier. ! Tho price of flour still remains tho samp as last week. viz.. on the basis of £17 ]o.s per ton in sack s , for wholesale parcels. WELLINGTON. STOCK EXCHANGE. (press association tfxkgkam.) ■WELLINGTON', May 2. Sale.? reported :—Waibi, 39s ; Bank of New Zealand (old>, Jt'll "3; Golden Bay Cement,