Potatoes and Onions Advance in South

Horowhenua Chronicle, 11 June 1932, Page 2

Potatoes and Onions Advance in South

SHORTAGE CONFIRMED. CHEISTCHUECH, Last Night. The potato market has been further compounded in price, the mid-week advance being equivalent to 10s a con since Tuesday. This evening there was a steadying tendency, the northern inquiry easing to some extent. Prompt deliveries have been sola at £0 5s and occasionally-' £6 7s 6d f.0.b., s.i., the former price being quotations. This evening Junes have sold at £ti 10s and Julys at £7 ss, though at the moment potatoes for this month are at £7 with a slackening in buying. July-September deliveries firmed only slightly to £7 10s. The prices to farmers this evening is £5 5s on trucks at medium station, though it is understood that this figure has been exceeded. The Waimarmo, which left early in the week, took 2000 sacks from Timaru and Lyttelton. The Wingatui is due ro sail next Thursday, but present appearances point to her cargo being small. The real shortage of potatoes is the basic cause of the sudden rise. Both merchants and farmers are satisfied that previous reports of poor crops are confirmed. Farmers arc not keen to accept the enhanced

prices. There has been a remarkable leap in the price oh* oaioas. Ihc price has been advancing almost at the rate oX XI a dav this week and sales have taken place at £l9 per ton, f.0.b., s.i.,- with reported sales at £2O. The few -lucky glowers holding onions have received £l7 and £lB a ton. Milling wheat is very scarce and reported admission of a limited quantity of Australian milling, in view of a probable shortage, is not viewed with disfavour. So far this has not had any effect on fowl feed values. Oats are weaker in the south, being quoted at 3s 7d for A Gartons. All other sections of the trade are quiet.