COMMERCIAL.

Hawera Star, Volume XLVII, 24 September 1927, Page 3

COMMERCIAL.

SOUTHERN PRODUCE MARKET. (ISY TELEGBAI’H—PKESB ASSOCIATION.) CHRISTCHURCH, Sept. 23. The eveut of the week lias been the big drop in the potato market. Since Monday the market has rattled down by 15s to 20s a ton. September deliveries were sold this afternoon at £4 10s a. ton f. 0.1)., sacks in, a drop from £5 ss, and Octobers at £5., as against £6 a week ago. Consequent on the weather conditions prevailing in New South Wales, a sharp inquiry has again set in from Sydney for oats, both A and B Gartons. It is estimated that, by vessels leaving within tlie next week, 27,000 sacks will he shipped to Sydney. Values here, as a result, have firmed .substantially, and A’s have been sold at up to 3s 6d f.0.b., sacks in, and B’s at 3s 3d to 3s 4d. Further interest has been added by inquiries from England, where apparently the wet weather conditions have seriously affected' the harvest. However, no actual business has eventuated so far. Values on truck for A Gartons are 2s lOd a bushel, and for B’s 2s 7d to 2-s 7 id. Chaff has also firmed in sympathy, and the price has advanced about 10s a ton during the week. The f.0.b., sacks in, price is now £5 10s, and on truck £3 10s. Wheat is also firm. It slackened during the week to 6s 6d f.0.b., hut is back again to 6s 7 Id. Most of the business being done is in fowl wheat. There is no change in the seed market, and there, is a. firm atmosphere, particularly in cow grass and cocksfoot. The local inquiry has now set in. and there has been a good amount of farmers’ business.