WHEAT MARKET FIRMER

Sun (Auckland), Volume III, Issue 840, 7 December 1929, Page 14

WHEAT MARKET FIRMER

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Friday. Interest in the grain and pi'oduce market is centred around the new season’s prospects, and it is too early for any expression of ideas as to probable values. The general impression, however, is that there will be a shorter crop of practically all classes of seeds, although th© rain of the last fortnight hasim proved prospects in many respects. The ec*op of plains cocksfoot, also the peninsula esitput, ryegrass should be improved as a result. Tlte small carry-over in all classes of seeds except cowgrass should ensure a ready market for the new crop. There is no change in values, but offers of new season’s southern ryegrass have been made at 6s 6d a bushel for machine dressed for March —April delivery, but with merchants disinclined to speculate on this high basis. The price of pool W’heat has been advanced since the beginning of the month, being now fixed at 6s 6d f.0.b., sacks extra. The additional penny is to cover storage charges. Oats are firm at up to 3s S£d for A Gartons and 3s 7|d for B’s. Chaff is unaltered, but now that the rain has come the market is not so keen. Values are up to £5 17s 6d and f.0.b., sacks in, to £7 12s 6d. There has been a slowing of forward business in potatoes, due to the improvement in the weather.