CANTERBURY MARKETS.

Wairarapa Daily Times, 1 December 1926, Page 5

CANTERBURY MARKETS.

LACK OF SPECULATIVE BUYING. (By Telegraph —-Press Association.) CHRISTCHURCH, Tuesday. Business continues very quiet and wit lithe uncertainty in regard to the weight of crops and outside markets there is an unusual lack of speculative buying. Oats and potatoes generally provide the subjects of this class of business at this time of the year, but as in both these products good crops are expected, the forward buying element is' inclined to go slow. The heavy tveather of the past few weeks has “laid” some heavy oat crops. . Reports concerning the onion crop are very favourable, and at present good fctiyns, are expected. From £4}/10/-, to. £4/15/- on’'trucks is offering. • The meeting of wlieatgrowers at Ashburton on Thursday is creating interest: It is' understood that the dumping of Australian dour which is going ou will be one cause of 'discussion. It stated that the official view in Wellington is that the domestic price quoted in Melbourne is for distribution throughout Australia, and this absorbs the £3 a ton margin between the £l2/10/- a ton quoted for export flour and the £lo 10/- for local consumption. It is a surprisingly ill-informed view to hold even outside official circles. Every flour quotation in Melbourne is for “city and suburbs” delivery, not tor Australian delivery; and the cost of suburban. - delivery, is covered' by a few shillings a ton/' Every isske of the Australian papers shows this' basis of the flour quotations. In any case about, half the Australian consumption of flour is in the cities and suburbs.