HIGH PRICES FOR COCKSFOOT.

Manawatu Times, Volume LXIV, Issue 162, 16 July 1907, Page 5

HIGH PRICES FOR COCKSFOOT.

Per Press Association. v Dunedin. July 13. For the moment the centre of excitement ha 9 shifted from the wheat market to the cocksfoot market, and for the past week buyers of cocksfoot have been chasing every likely seller in the endeavour to secure parcels.

Consequently a phenomenal rise in price has taken place, • closing quotations touching a level which has not been paralleled since 1894. The reason of the rise must be sought for in ythe short crops both in Europe and in America. Yesterday's parcels changed hands at 6%d, and yesterday holders were asking C)£d, with prospects pointing to still higher rates. So high a price has riot been touched since 1894, when, consequent upon a very short crop on Bank's Peninsula, estimated at only 35,000 sacks, prices touched from 6d to 7d per lb, from 68s to 72s being actually realised in London for parcels of heavy cleaned seed. This year's yield on' Bank's Peninsula was an average one, estimated at 67,000 sacks, but the North Island showed a considerable shortage, which, coupled with the increased demand consequent upon the development of the dairv industry, renders it impossible to ship the same amount as usual to London, and at the same time to fill home requirements.