CANTERBURY PRODUCE MARKET

Dominion, Volume 13, Issue 251, 17 July 1920, Page 10

CANTERBURY PRODUCE MARKET

By Telegraph—Press Association. Christoliuroh, July 16. There has ■ been an casine in tho oat market during the week. It has not reached the extent of a slump, but as is always the case when an inactive market has obtained for a time, weak sellers present themselves. This cannot be taken as a reflex of the position, but at the present time there is uncertainty. Tho fact that tho North Island is becoming less dependent each year on supplies 1b a factor that should If home fn mln"*. It Incidentally suffßesiß tho possthfiUy that tho northern merchants' activity In the market r.ome months rnro was prompted moro by speculative reasona than by local necessities. The bulk of nni„i n „ locollv lo f'rnt the easing is only temporary, and is due to recent inactivity, ~iJtauoiiß are from 4s. 9d. to 4b. lOd. at country r.tations for A i»rade Cartons, The detailed announcement regarding next season's wheat prices has removed a eood deal of uncertainty, and will undoubtedly ffive a stimulus to further" sowing. Tho potato market is lifeless, and values have further receded, Merchants have refused business at £4. S.I. f.0.b., which is equivalent to less than £2 15s„ at country stations. , Cabled advice received to-day from a northern merchant in Sydney is to the effect that strong effortß are beinff made to secure a lifting*, of-the cmbarw, and that these efforts may very well succeed, though tho lifting of tho embargo is likely to be anything but unconditional.