COMMERCIAL

Timaru Herald, Volume CIII, Issue 15742, 28 August 1915, Page 2

COMMERCIAL

THE LOCAL MARKETS. j A local merchant in the course of convex nation yesterday. on, {ha present condition of tne gram * trade sii.d thus ■ in all ..mis experience (a jfoiig one) ha oould' not recall a time when tho graiiu business was so absolutely dead as at the, present tirne: — The position •-is - that there are no buyers and very few feeWers. Milters have stocks sufficient• •,to- • carry tihdiu -ou for the present awl tho attitude taken up by'-some, if hot all 'ot v th««i. is that notliing will' tcrfrpt -them' to ■ buy just now 1 exoopt at their own ideas of what- pi-ices :"ought really. ?fco ■ -bo. There is "a flrirly common belief ■that suificienti-wheat'-remains''in Nii.v Ze.iJand to carry on- until the new crop comes in and that prices ought ntver to have' gone 'to 7s-. Soma r holders are reported- to, be lowering tlioir and.iat. least on© farmer is credited with' •having- offered T'his wheat this week" at - foss. than. ~6s per .'bushel. . -•.• Tlio oa-t market is; :atr> dead. as''t : lia ■ « heat market except for sales of small lines- of seedV oats from Sout-hlaitd. These are particularly "good and' 'ara fetching ss' ex storef- ' • :'i<The potato? markdt-is fn - in ajid" , tha opinion is expr«ised: that prices.'will ■ iiile higlier before 'tlie-- next crop!/is lifted, -'Sales have been made during the week at ..£5 10s to £6 per. .ton, country stations, -according to kind and quality." • Rain is badly ! needed and- owing: 'to tlw very mark et shortage of --food .there is- a keen inquiry for-, sroadea from Southland. It is now difficult-to get thos®. ■ " • ■ .