COMMERCIAL.

Taranaki Daily News, 31 May 1924, Page 5

COMMERCIAL.

CANTERBURY MARKETS By Telegraph.—Press Association. Christchurch, I>ast Night. The oat market has taken another move forward. Over sellers are very much up against it, and the actual goods are hard to procure. Operators have started to cover the June sales and have paid up to fis 7d f.0.b., S.I. for this delivery. July and September sales have been made at up to 5s 4d. Canterbury quotations on trucks are from 4s lOd to 5s for grades. A Canterbury farmer to-day offered his 1925 crop to a merchant at 4s 3d f.0.b., 5.1., but the merchant was not taking the risk. Wheat bears an increment of a halfpenny a bushel from the beginning of June. Fowl wheat has been sold at 5s lOd f.o.b. this week. Even at this price it is much cheaper fowl feed tlian oq>t. Chaff is very firm at late rates. The demand is local and from the south. On trucks values are £6 7s 6d.

The potato easing has stopped but po improvement is recorded on the last reports. Speculators are nibbling for the forward months, but offers of £4 10s on trucks are not attracting business. There is an impression that the casing has about reached its limit, and when the present glut in Auckland is dearest values will firm. The New Zealand market is entirely dependent on the movement in Melbourne and Tasmania, and the results of the diggings throughout Canterbury are tending strongly to the light side, and it is estimated in some of the potato growing districts in mid and north Canterbury that from 65 to 70 per cent, of the tubers have been despatched. There has been some inquiry for white clover and Is 5d for Cressed seed has been quoted. , Peas are still flat.

Generally, except for the operations of over sellers, the amount of business is small.