MARKETS AT A GLANCE.

Auckland Star, Volume LVIII, Issue 234, 4 October 1927, Page 4

MARKETS AT A GLANCE.

SULTANAS ADVANCE. RESIN MARKET AGAIN LOWER. STEADY TRADE EXPERIENCED. "Auckland Star" Office, Tuesday, October 4. After the ru»n of bosines* experienced nj most or the grocery merchants last w«ek in executing their usual twentyhftn commitments, business for this week opened up comparatively quietly, although the amount of trade being done is in ? volnn ? e than « usual at this period of the month. General. Walnuts in all varieties have been in very short supply, stocks of Xew Zealand are usually very plentiful about this time, but this year only very small quantities have so far been obtainable from the «outn. Further shipments of imported are now landing, which should ease the position a little, although, owing to increased cost 9, prices will be considerably igher. The first of the new season's Canadian loganberries arrived to this market about ten days ago, and opened up in exceedingly fine condition. Stocks are being distributed very quickly and it is anticipated that present holdings will be completely sold out within the next few j " win «_ to the recent increase in outy, Instant Postum has been advanced V per dozen in small, and 2/ per dozen "L-u ge SlZe ' po(,t Toasties have also been increased 6d per dozen for the same reason. Sapolin goods are also affected, and higher prices are now ruling. -The next shipment of Hawaiian pineapples will land at higher rates. So present prices, which have not been increased, are well in buyers' favour. Owing to the increase in the wholesale cost of Australian ** ,J®.' ""tanas, merchants have been compelled to increase their selling rates to the trade by Hd per lb for both immediate and forward delivery. Drapery.

Until this ]ast week-end, weather conditions have not been conducive to extended buying of summer requirements, and, considering this, the majority or drapers feel fairly satisfied with the returns. Medium priced tweed costumes are still eelling pretty well, but the principal demand is for striped fujis in the silk department, and fancy bordered voiles in the cottons. One house stated that they have never before found a material claim such a wide popularity as fuji. Printed silks are selling, but not to nearly such an extent as the other two materials above-men-tioned. Artificial silk, both by the yard and for underwear, is selling briskly. This material is very reasonably priced, and ready-made garments are being sold almost as cheaply as crepe goods were selling recently. Millinery returns are a little lower than was anticipated, and demand still centres on the plain styles. Black silk coats have been selling well, and it is thought tliey will continue to do so for quite some time yet. Smyrna Fifs. Agents advise the receipt of cables from their London shippers, increasing c.i.f.e. quotations on packet lines of Smyrna figs by 5/ per cwt and on 28's and 7'a 2/ per cwt Sicily Almonds. The Sicily almond market has advanced 2/ per cwt since last writing, and is reported to be still rapidly advancing. Cam Batter.

London shipper* advise by cable that jl notations on cocoa butter are again showing signs of lower market values, which applies more particularly to forward quotations. During the week just past, cables received advised a reduction of 1/ per cwt for prompt shipment, and for December 2/ per cwt. Filbert Bar—loan. The market on filbert Barcelonas is very firm at present, orders recently cabled to London shipperr at prices slightly under the list rates being returned unconfirmed, shippers being only willing to accept business at the figures ruling. Present rates show an increase of %d per lb over opening prices. Walnats.

Cables received by sgents last week advised a reduction of 4/ per cwt on Chinese walnuts for prompt shipment. Walnot Halves.

French walnat halves have shown some weakness during the last few weeks, and London shippers' advise that they anticipate being able to execute at even lower figures than at present, quotations for later shipment as soon as the actual crop position becomes known. Chinese Peansts.

Recent quotations for Chinese peanuts for shipment from Tientsin show an increase of, £1 per ton over the opening rates recently quoted for new season's. The stocks at present held are said to be fairly light, ana merchants are experiencing a fair general demand for supplies. Dried Apples.

The packers' of Near Zealand evaporated apples bare now finished their packing and supplies are short, which position will not be relieved on til thejr commence operations again in March-April nest year. Limited stocks of Canadian were landed some time ago* bat it if understood that practically all stocks are now cleared. Australian Salterns. ' The New Zealand agents for the Australian Dried Fruit Control Board were advised by cable last week that quotations tat plate fultanas bad been advanced 5/ per cwt. Stocks are now in very small compass, and even at the increased rates tbare is only * very small quantity available for export.

Japanese Seed*. The latest cable reports received from Kobe in Japan advise a weaker market on hemp seed, an da reduction of 15/ per cwt on previous quotations is. now advised. Stocks of millet seed (yellow) are reported by shippers' to be exhausted. Cinnamon.

Colombo cables that came to hand last week quoted cinnamon chipo (Maranda quality), sifted and cleaned, on a firming market, » comparison with the previous rates quoted showing an advance or 5/6 per cwt on c.i.f.e. costs.

Aniseed on. Chinese star aniseed oil, 13 per cent 0.p., " ow offered at slightly dearer rates, cables received from Hongkoug quoting an increase of M4d per lb on the ratee previously ruling.

Jordan Almonds. The market for new season's Jordan nlmonds has undergone "arious price changes since opening rates were first jonounced. Cables now to hand from J<ondon quote a firm market, 26-30 hdu» quoted *t an increase of IS/ per cwt, us against th arate ruling a fortnight ago, Vi'luch bring# the c.i,f.e. cost to-day verv nearly back again tq. the rates quoted at m pmßk. ol «iw° n - this week «,re am th* receipt. <>t a lliftae* reducing indent rate* m' both £1 per ton., W :-M. Biff# At tfre ifenal wlimy of tea held in < ohithw Mi wSBEIf y m» 2,123,0001b was !>ku'e<i , ' , under'' ' , OBepr:'Q)ja)ity of Uvq§ niioWeA/h fsliing' off, other grada* Were tiudiaiiged, slthough occasionally' Inferior. ,W«««nw the selections offered were poot, WiJost v >v,a#, active, foreign H^glgfnpg^operating heavily, with the result

that prices or all grades showed advances on the previous fortnight's quotation*. Common* advanced %d per lb. Price Broken Orange Pekoes Id, plain 8.0-P.'a 2d, first classic brokens and finest broken | ekoes advanced Y*d per lb. Exchange •vas quoted at 1/6 7-32. I Tapioea. Cables received by agents early last week in connection with the sago and tapioca market showed more firmness, both commodities being advanced 5/ per ton. During the latter part of the week the market again firmed by a further 7/6 per ton. Nutmegs and Mace. Quotations for both nutmegs, UO's, and Amboyna mace were listed without change last week. Previous quotations had shown a slight weakness, and very little buying for the next steamer had so far taken place, as the anticipation is that quotations will go still lower. Pineapples. Prices for the different grades of Singapore pineapples were listed without change last week, quotations being approximately 6d per dozen higher than that at which business was done about three weeks ago. Good stocks are held by merchants, as the last direct sailing brought down sufficient supplies to last well over the Christmas trade, so that up to the present retailers have not paid much attention to later direct sailing as supplies ex this sailing will not arrive here until approximately February next year. I

Peanut Kernels. Quotations made by agents last week for shippers of Java peanut kernels showed that the market was slightly easier, latest lists showing a reduction of 10/ per ton for prompt shipment. Hardware. Wholesale hardware houses report fair trading this week, the volume of bosines transacted proving well up to the average for the time of the month. Further oversea arrivals comprise wringers, aluminiumware, gas mantles, both upright and inverted, glassware, etc. Wholesale Carrent Prices. Butter.—First grade factory butter, booked, per lb, and 1/7V4 per lb for prompt cash. Second grade factory, 1/7& per lb, and 1/7 per lb for prompt cash. Farmers' Separator, 1/6 per lb.

Cheese.—First grade factory, medium size, mild, 9%d to per lb; loaf, ll&d per lb. Bacon.—Hams, 1/1 to 1/3 per lb; rolled bams, 1/3 to l/5Vi per lb; boned hams, 1/3 to 1/5% per lb. Bacon: Sides, lOd to 1/1 per lb; rolled sides, 1/0% to 1/3 per lb; middles, 1/1 to 1/4 per lb; shoulders, 8d to lid per lb; rolled shoulders, lOd to 1/ per lb. Lard: Bulk, lOd to lid per lb; pats, lid to 1/ per lb. Flour. —Local, 2001b sacks, £18 per ton; 100's, £18 15/ per ton; 50' a, £19 5/ per ton; 25's, £20 per ton; 12 5 /4's, £20 17/6 per ton; 6V*'a, £21 7/6 per ton. Southern: 2001b sacks, £18 per ton; 100's, £18 15/ per ton; 50's, £19 per ton; 25's, £19 10/ per ton; 12%'s, £20 5/ per ton; Wi, £20 17/6 per ton, all less Wx per cent discount. Sharps and Bran.—Local sharps, £8 5/ per ton; bran, £5 15/ per ton. Linseed.—Whole, 22/6 per cwt; ground, 22/6 per 1001b. , , , Malt.—Crushed, 12/ per bushel; whole white, 12/ per bushel; whole black, 15/6 per bushel. Twines. —Seaming, 3/9 per lb; binder, 8d per lb. Peameal.—l3/6 per 1001 b. Linseed Oil Cake Nuts—Moose, 14/ per 1001b.

Bluestone.—32/6 per cwt. Linseed Meal.—Moose, 15/ per 1001b.