COMMERCIAL.

Auckland Star, Volume 55, Issue 2, 3 January 1924, Page 10

COMMERCIAL.

im SA3XETS AT A GLANCE. vraiiZHOixsES open again. EICE ADVANCED. •... j e © ~~~ "Auckland Star" Office, January 3, 1923. The opening of the wholesale warehouses 'ftis morning will be welcomed by the majority of the retail trade as many of them ure badly in need of stocks, owing to not being able to draw supplies through, their usual channels for the past ten days. Business on the whole has been very satisfactory, and both, the wholesale and retail trade have every reason to be satislied that there has been such a clearance of seasonable stock. The wholesale section will be very busy for the next week-.or two, as there has been ■ quite an accumulation of mail during tlm period they have been closed down, and as the houses arc un'der-etaffed; owing to annual holidays, it will be some time before the various departments overtake their Vack work. Various coastal and oversea shipments of goods bavc come to hand during tuo holidays, and quite a busy time is expected in taking delivery from the wharf and storage nheds. It is hoped that all deliveries will be completed by the end of the week. . CANNED FRUIT. Cable advice has been received by three of the agents who were offering Australian pool fruit to -withdraw prices, as the surElus had been sold. It Is reported that tbe eavy stock previously held in London has been sold, and the Sydney surplus of 70,000 cases is being shipped to London at better prices than can be obtained here. One factory is still able to offer 1023 pack in their own brand from Sydney, but at an increase on both f.o.b. cost and borne consumption value. Peaches, halves 0/1, home consumption value 7/9, landed 10/1 j. apricots, sliced peaches and pears are sold. Melbourne offer pool pack pears only at iO/3 per- dozen, home consumption value 11/6, landed 15/10. Quite a number of contracts for pool pack arc still incomplete, , and there seems to be some doubt us to whether tbe balance of these deliveries will be completed. RICE. Eversincc the Japanese earthquake it has been rumoured that rice was good buying owing to the large supplies destroyed in that disaster, and to the extra drain thrown on to existing stored stocks. Numerous retailers availed themselves of the opportunity to buy while prices -were low, and their buying is justified by the recent cable advice that Australian No. 1 dressed has advanced 30/ per ton In f.o.b. value. Imports to New Zealand have been on the increase. October. 1923 shows a gain over the same month of the previous year of 1710 cwt, while for the ten mouths ending October, the gain over the same period for 1022 came to 21,821 cwt, valued at £10,100. CANNED FISH. Alaska Salmon. —There has been a very strong demand for Alaska Packing, and it is questionable If there is sufficient stock available/to take care of the demand until Uie next season's pack is canned. One large packer reports all lower grades as being sold, with only a limited stock of Beds, and it very few cases ot Chinook-) to offer. All other grades are entirely cleared up. Herrings.— The New Zealand agents advise the receipt of a cable from MacomiHiic Ilros, advancing the price of herrings in l> tins 3d per it,,/. t .n and ljd per dozen in - ~ , . s a . dvancß affects fresh ner-lierHn-s rmiss m Ku ucc - and kippered PpvSSCHweS ?n V - an '- c Of - J-'-siffieien? reason

of 3/ per case. The latest available information from the packers is that stocks are J light and further advances are probable. I These people have the lurgest factroies in j Canada, and for the twelve months ending j April, had packed 750,000 cases, of -which I l! 0,800 were shipped to Australia and New I Zealand. Shrimps.—The New York "Journal "of Commerce" reports that the Gulf canneries have resumed the packing of shrimp, but « the quantity available so-far has been limited. Large and fancy shrimp are in , demand, and appear to he in short supply ho far this season. Samples from the New J Orleans district have been very irregular as j to quality and run to small sizes. j ( ASPARAGUS. ! The situation on the Californian packing J is unchanged. The entire pack has been ! sold, and the market is very firm. j HAWAIIAN PIXEAPPL,ES. j The pack of Hawaiian pines proved some- 1 what larger than was first anticipated, hut i the surplus is being disposed o£ -without i difficulty. The packers report that the < demand is good, and that only a • limited quantity of odd sizes arc.being offered. | TINNED PEAS. ] Stocks of all brands are' off the market . for the time being, owing to the demand , exceeding the supply. One of the most ( prominent of Southern packers hopes to , make the first delivery of new season's j some time next month. It is also reported ; that increased acreage has been sown, in an endeavour to can a sufficient number of , cases for the season's requirements. There is evidence of a keen demnad, ms already large quantities have been booked in advance. I, OILS. English manufacturers have made a slight! reduction in prices of olive and castor oil , in soz tapered bottles. .Shipmenta at new j J costs have just landed. CRYSTALLISED FRUITS. ' ! Indent prices for Metz fruits are now j quoted at a considerable reduction on previous rates. Half pound boxes arc down.B/, i; and lib boxes 12/9 per dozen. I' FRENCH IMPERIAL PLUMS. jl Considering f.o.b. reductions are notified ' in-this line, lib jars are down 11/ and 21b ' jars 20/ per dozen. | SHELLAC. i A cable received from Calcutta Inst week • advises that the market for shellac is weaker > for shipment during January. Prices show | a decline of 3d per lb since our previous ' advice. ' i > OLIVES. < A mail report from Seville, Spain, says on j olives: "Stocks are very small and would ' not amount to enough to make a full shipload, present stocks on the Spanish market being 1600 to 2000 hogsheads, first and , second qualities together. New crop pros- [ pects so fur point to a. good yield, and a , good crop is expected. ■ J SEEDS AND OILS. London Keport.—There has been a ' gradual betterment in market conditions in all descriptions of .seeds and oils under a ! steadily improving trade demand. -At one j ] period, confidence in the stability of the market was checked by the official Argentine ' report on the coming crop, which showed ' a heavy increase in acreage and point- ! ing to another bumper yield, provisionally ' estimated at about 1,400,000 tons: this ■ would be considerably in excess of the cur- ;' rent crop outturn. River Plate shippers' i< views, however, became strengthened as the ! receipts reaching the seabord were easily ] absorbed in fulfilment of outstanding con- > tracts, and the surplus; In India now being < limited, the market maintained its firmness, s Some business was put through in new seed at around £17, shippers having shown a disposition to shade terms further in anticipation o£ the very heavy crop, which should begin 1o come on towards the end of the year, provided weatln>r conditions are normal. Egyptian black seed is consider- i ably dearer for prompt shipment. Other !: seed oils arc also firmer. t Linseed. —This week's cables indicate a |< slight easing of f.o.b. Knglisli values, as ( latest prices for both raw and boiled sire I down lid per gallon. ; I'AixTs: Walker Parker notify «n advance of 3/ 1 per ton for genuine ground white lead in i oil.. Other unaltered..-— ?'■'■ ■•■ ■■■■■ •• li