HIGH PRICES FOR COCKSFOOT

Rangitikei Advocate and Manawatu Argus, Volume XXXII, Issue 8864, 15 July 1907, Page 2

HIGH PRICES FOR COCKSFOOT

Per Press Association. Dunedin, July 13. For the moment the centre of excitement has 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 ho sought for in the short crops bosh in Eurojis and in America. Zeste’day’s parcels changed hands at 6%d. and yesterday holders were asking Gnffl, with prospects pointing to still higher rates. So high a price has not been touched since 1894, when, consequent upon a very short crop on Bank’s Peninsula, estimated at only 85,000 sacks, prices touched from 6d to 7d per lb, from _6Bs to 73s 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 Nortii 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.