CANTERBURY MARKETS

Evening Post, Volume CIII, Issue 129, 3 June 1922, Page 9

CANTERBURY MARKETS

(BY .TIIBGRAPH.—PRESS ASSOCIATION.) ■ CHRISTCHURCH, 2nd June. At the Canterbury market business generally has been a little brighter towards the end of the week.

Wheat.—Governmentl prices for wheat are now in operation, an advance of ad per bushel haying been made on Thursday. A considerable quantity of good under-grade has lately changed hands, most of it going to the North Island. Oats and chaff are at present a drug on the market. It is stated that a line of okts sold to Australian/buyers from the South some time ago is offered back at a considerably lower figure than it was originally v sold for;, more than one case of that nature has occurred, the effect of which will be to still further depress the market. . '

Linseed.—Owing to farmers not desiring to sell at, present prices, linseed is, fairly hard to obtain. The Australian market is at present closed to exporters, buyers there being reluctant to pay 'the prices asked, consequently the principal destination of' locally-grown linseed is Auckland.

Peas.—Farmers are out of peas, but fairly brisk business in these is still being done between merchants.

Cocksfoot.—A merchant states there is more cocksfoot on hand than can be used in the spring; there is also stated to be an exportable surplus of clover.

Potatoes.—An improvement has taken place in the price of potatoes during the past few days, and as most of the digging has been completed, there is keen competition for present stocks. If orders for further, supplies 'come in from Auckland, as seems to be the expectation, it is likely that1 prices will'firm still more. A line of 50 tons was sold during tho week-at 10s more per ton than could be obtained last week. No doubt the better tone is accounted for to some extent by the fact thai, v. number of merchants -have oversold,, and have to .pay a higher figure now to keep faith with buyers, . '