CANTERBURY PRODUCE MARKETS.

Marlborough Express, Volume LIV, Issue 167, 17 July 1920, Page 2

CANTERBURY PRODUCE MARKETS.

[PItESS ASHOCMTfON.]

CMRISTCHURCH, July 10

There has boon ».n oHsing in tho oat market during tho week. It has not reached tho extent of a slump, , but as is always tho caao when an inactive market has boon in operation for a time, weak .sellers present themselves. This cannot be taken as a reflex of the position, but at the present, time there is uncertainty. The fact that the North Island is becoming less dependent each year on Canterbury supplies is a factor that should be borne in mind, and suggests the possibility f: that northern merchants' activity in the market sonio months ago was prompted more by speculative reasons than local necessities. The bulk of opinion locally is that the easing is only temporary, due to the recent inactivity. The quotations are from 4s 9d to 4s lOd at country : stations for A grade Gartons. j The detailed announcement regarding next season's wheat prices has : removed a god deal of uncertainty, | and will, undoubtedly give a stimulus . to further, sowing. ■ • | The potato market is lifeless, and , values hare further receded. Mer- j chants have refused business at £4, ! f.o.b. (sacks-in), which is equal to less than £2 15s at country stations. A cablegram received to-day from a northern merchant in Sydney is to the effect that strong efforts are being made to secure the lifting of the embargo, and it is anticipated that this will be done, with stringent conditions attached.