LOCAL MARKETS.

Timaru Herald, Issue 170301, 21 August 1920, Page 10

LOCAL MARKETS.

There is nothing to import concerning wneat. , Oats continue their downward course. B grade Ciartons were sold this v-eok as low m= 4s dd —a- fall of 4d or od per bushel for the week, and a tall of about Is per bushel as compared avit.li the. value ruling six weeks ago. In some quarters it is thought that the bottom has not yet been reached, though it is impossible to say wiicn tho iail will be arrested. Algerian oats, such as are produced an South Canterbury-, are not iu demand lor seed purposes, and aro only commanding feed values. Oaten sheaf • chaff has declined in value and is now worth £5 10s to £0 jPer. ton, at country stations, sacks found-by buyers. Very few. lines ore offering. Grass seeds arc in fairly good demand, though cow grass is -weak.' A.lsike and white clover arc inquired, lor, but very little is available. Linseed- is dull, and is nominally •worth' £25 per ton. On the potato market sales are- being made for September—October delivery at from £3 5s to £3 10s per ton f.0.b., s.i., the equivalent, on trucks, country stations, or about £2 10s, which may be quoted as the nominal value to-day. Reports aro to the effect that large quantities ' are held in the Waimate. and Willowbridge' districts, but that a fair quantity is being kept off the market by growers who iiope for tho best in the matter of tlic removal of . the Australian embargo. ■Merchants- here, however, do not view | the position in a favourable light, aa even if the embargo. were removed it is getting too late to ship. A visitor to Sydney, who has just returned to Timaru, says that in conversation with Australian merchants he gathered that fairly good supplies are available- over there, and that the embargo was put on not so much to keep out- disenseinfeited potatoes as to keep the price up for Australian growers.