Late Commercial GRAIN AND PRODUCE

Dominion, Volume 29, Issue 274, 15 August 1936, Page 4

Late Commercial GRAIN AND PRODUCE

Canterbury Markets By Telegraph—Press Association. Christchurch, August 14. Business in the grain and produce markets this week has been to some extent upset by the holiday, and in general there has been little alteration from last' week. Potatoes remain firm mainly because of the report that a further shipment for South America will be made at the end of the month. Business with other parts of New Zealand is small, the demand from North Island outports which caused a flutter at the end of last week having fallen off. Farmers are disposed to hold until the export position becomes clarified and this has meant a further restriction on business. The Wnigwtui, which will complete loading for Auckland today, will lift about 4000 sacks-from Lyttelton in addition to 6000 sacks taken aboard at Timaru. This quantity is likely to keep the Auckland market satisfied in the meantime. Prompts are worth £4/5/- a ton on trucks for whites, £4 10/- for Suttons, and £4/15/- for dakotas. Septembers are quoted at £6/5/- f.0.b., but there is practically no business at that price. The small seeds market remains healthy as the spring demand has begun to make itself felt. Prices rose sharply following the entry of export business into calculations, but after the rise inquiry from this source became severely restricted. Stocks of most lines are plentiful in Canterbury stores and much seed has been held in the country, so there will be ample supplies to meet any ordinary demand. Chaff remains firm because of a steady demand from the North Island. The quotation is £3 to £3/2/6 on trucks with up to £3/5/- for good lots at close stations. Fowl wheat continues steady, the rise having been checked by freer offerings attracted by the increase last week. A fair quantity of fowl wheat is still held in the country by farmers who hope to get their grain away for milling. There appears to be little chance of this, because, beside reasonably plentiful stocks of New Zealand wheat, both wheat and flour have been imported.