FALL IN POTATO MARKET

Taranaki Daily News, 12 October 1929, Page 9

FALL IN POTATO MARKET

THE POSITION IN CANTERBURY. By Telegra.ph.— Press Association. Christchurch, Last Night. The potato market has lost some of the brightness it possessed earlier in the week. On Wednesday sales of October deliveries were made at £ll ss, but today buyers are not accepting offers of £ll. However, it is the prompt market that has met with the principal check, dropping back to £9 a ton f.o.b.s.i. They were ruling at £lO on Wednesday. The Waipiata is expected to sail from Lyttelton on Monday or Tuesday, and she will be followed by the Waipahi, probably on Wednesday It is expected the two boats will take about 6000 sacks from both ports for Auckland. The wheat market is unaltered. Seeds are in small demand and there is very little in the farmers’ hands. Perennial ryegrass is worth up to 7s per bushel f.0.b.5.i., Italian to 6s, cocksfoot I3d to 13Jd a lb for machine dressed, and cowgrass 80s per cwt. The quality of cowgrass this season is very indifferent and merchants are not prepared to quote more than 4id alb to farmers. European seed is being offered at a very low rate. Dogstail is quoted at 7d to 7jd a lb. The Irish crop is a heavy one and there is no export outlet. Fescue is quoted at 9kl a lb.