LATE COMMERCIAL

Southland Times, Issue 20831, 20 July 1929, Page 7

LATE COMMERCIAL

CANTERBURY MARKETS.

(Per United Press Association.)

Christchurch, July 19.

The only interest in the grain and produce market during the week has been the potato. Many hundreds of tons have been sold, but yesterday the excitement commenced to subside and to-day the market is fairly quiet. The top price paid was £7 10/- f.0.b., s.i., for July, the market at the moment being quoted at £7 7/6 to £7 10/-. August-September delivery has firmed and business has been done at £7 15/6 to £7 17/6, with' most sellers wanting up to £B. Farmers have been paid £6 7/6 on trucks, and in a few cases of near by stations, £6 10/-. However, the deluge of rain has suspended delivery, farmers not being able to get to their pits and this has had some influence on the absence of offers in the meantime. With the prospect of a fairly heavy consignment being shipped by the Wingatui, which is now loading at Lyttelton and will probably sail to-morrow, Auckland inquiries have eased and the market may be described as steady at the recent advance. The Wingatui was scheduled to call at Picton and Wellington, but the Auckland scarcity has caused the former port to be cut out. The cargo from Timaru comprised 3900 sacks and the local complement will be between 5500 and 6000 sacks or a total of not far short of 10,000 sacks. The Kaiwarra will be loading next week. The position is apparently regarded by northern interests as quite satisfactory as re-offers of August-September’s were being made to-day at £7 15/- to £7 17/6 a ton.

Onions have firmed up and are worth £6 15/- to £7 a ton on trucks.

Chaff is firm at £6 2/6 to £6 5/- f.0.b., s.i. There is no movement in the wheat or small seeds markets.