POTATO VALUES SLUMP

Taranaki Daily News, 9 August 1930, Page 11

POTATO VALUES SLUMP

SHARP DECLINE IN CANTERBURY. By Telegraph.—Press Association. Christchurch, Last Night, The feature of the grain and produce market during-the past few days hasbeen a sharp decline in potato values, which are lower now than at any other corresponding period for some years. Potatoes were fairly firm early this week at £5 2s Cd f.0.b., sacks in, for August-September delivery. The quotation to-day is £4 12s Cd for prompt. The cause of the sudden drop in. prices is that weak holders are quitting. The Waipiata took 3204 sacks from Lyttelton for Auckland yesterday. There are a few inquiries coming to hand from outside ports. Auckland merchants report .that they are obtaining all their requirements in regular weekly instalments and there are no indications that values in the northern city will rise. The oats , market is fairly quiet. A Gartons are quoted at 3s 9d to 3s lOd f.o.b. sacks in and B Gartons at 3s Sd to 3s Cd. Local B Gartons are still worth 4s and as much as 4s Id.

Chaff for prompt delivery has been sold at £7 and £7 2s 6d f.0.b., sacks in, equivalent to £5 7s Gd to £5 10s a ton on trucks.

•The few lines of onions which are still offering can command up to £-1 a ton according to quality. There is still a little business being done in next seas m’s wheat at os ad to os Gd on trucks for Tuscan according to stations. Fowl wheat is a little firmer and is quoted at 6s Id to 6s 2d f.0.b., sacks extra.