GUM MARKET.

Auckland Star, Volume XXII, Issue 250, 21 October 1891, Page 4

GUM MARKET.

Auckland, 21st October, 1891

Since our last report the Auckland market continues unchanged, being firm for good ordinary and poor qualities still neglected. Private cables from London advise the lower grades still dull and unchanged, and only the price of number one gum is restored to prices which were ruling before the late heavy fall in London, A report was circulated here since last mail to the effect that some gum was burned in New York, but a special cabled inquiry resulted in a distinct contradiction of this statement. So far aa we have been able to ascertain, there is no change in East Coast, but transactions since our last report have been few, and buyers and sellers have both been reticent as to price. Recent heavy rains are likely to prolong the supply of good winter gum. Supplies for 21 days of October are about 470 tons. We think it advisable to again repeat here that our quotations are based upon the average price at which best ordinary is obtainable in quantity. We quote :

Best ordinary ... ... ~, >>t £44 Fair ordinary ... ... >pi _ _ £40 Poor ordinary (nominal) ... £30 to £34 East Coast £71 to £72