CANTERBURY MARKETS.

Wanganui Herald, Volume LIII, Issue 16034, 27 January 1920, Page 3

CANTERBURY MARKETS.

CHRISTCHURCH, Jan. 24. Business in grain and seed lines has been very limited. Speculative operations are practically nil, merchants being indisposed to do business to any extent. High prices are the principal cause of this, but generally there is a lack of definite opinion as to what future values will be. The consequence therefore is very limited business. The spurt in Algerian oats that took place last week has eased as quickly as it arose, and quotations are now on an easier basis, from 5/1 to 5/3, at. country Stations, which is now the market quotation with growers taking the Initiative to do business. There evidently has been something of a carry-over in the matter of Garton oats, and they are now offering for the new season’s crop. The evidences are that there will be an easing in values. Cocksfoot is still in good demand. It is now ascertained the pest has done some* harm in various part of the province, and improved prospects may not be realised after all. Now barley is commencing to come in, and 7a per bushel at country stations is offering. The yield is usual and prices should maintain their present standard. North Island merchants, however, are disinclined to operate beyond immediate requirements on the present values.. There is no new season’s wheat yet forward . There is no business yet concerned.