CANTERBURY PRODUCE MARKET.

Evening Post, Volume CI, Issue 19, 22 January 1921, Page 4

CANTERBURY PRODUCE MARKET.

(IT TELEGP./.PH.—PRBS3 ASSOCrATfON.) CHRISTCHUKCH, 21st January. The grain -market continues to be lifeless. Isolated samples of new season's produce are coming in, but merchants show little dis- | position to do business, and. if so, it is at values thut farmers are disinclined to accept. Merchants' ranges are very wide, but they arc not prepared to quote for Algerian oats, as tlieir hands are full, and it is understood that the' North Island is alsoMvell supplied. Appearances ' point to opening prices being some pence lower than for Gartons. A few samples of the latter are offering, and whilst there is no business to make quotations, one opinion appears to be that prices will be about 2s Id ta 2s 2d at cduntry stations. I Threshing' of both oats and wheat mould j have been fairly brisk next week but for re-, cent rain, and this has naturally delayed samples coming in. Appearances so far are for a lower yield, but not to anything like the extent suggested by some surveys. • A few bushels per acre would probably, cover the decrease in North Canterbury, but from advices to hand it is apparent that the yield for the South will not be so good. A sample or two of barley has come in, and sales have been made at 7s 3d to 7s 9d. A sample or two of Italian and perennial ryegrass have also been shown, but offers are much below, last season's rates, being about 36 6d. -'' ' ■ • ■ • A line of new season's cocksfoot has been ' bought at 8d at wayside stations. Chaff is low in price, in sympathy -with oats, and about £3 to £3 5s is the limit ol merchants' offers. [ It is. understood that a good deal of oats will remain in stock awaiting the trend of the; market. The record dry weather was giving potatoes a firming tone, and it is understood that business in new season's tubers was done at £s'los .per ton. The bounteous rain, however, has influenced the crop prospects, and "£4 10s to £5 about covers merchants' offers.

The Bank of New Zealand has received the following advice from its London office under date 19f:h instant:—"Government wool sales close Friday as a result of buyers' action owing to limits being still above market value. There is no demand for tallow. Public sale has been suspended until further sotice."