MARKETS AT A GLANCE.

Auckland Star, Volume LIX, Issue 161, 10 July 1928, Page 4

MARKETS AT A GLANCE.

TAPIOCAS GO HIGHER.

PEPPER EASIER

"Auckland Star" Olli.- L . Tuesday, July 10. Trade generally remains tairly steady, < although the seasonable unsettled weather ] is not altogether conducive to good < volume. The wet week-end just experienced materially affected retail return®. I General. j New season's Tasmanian mutton birds j are now landing on a higher cost, necessitating the firming that is noticeable in the local price. Olive oil, in one-gallon cane, is now in fairly plentiful supply, and i prices being offered on spot stocks should 1 be very attractive to buyers. Of par- \ ticular interest just now are the low prices ; at which merchants are offering bulk teas, i These values should certainly stimulate , trade in this commodity. In noticeable . winter demand are Scotch smoked kippers. Popular all the year this fish really ''comes into its own" at this season, and in many shops to-day can be seen the neat 1 wooden boxes (containing 141b), in which this line is imported. Little activity has ' been noted during the past week in spices; ] mace and cloves in particular registering I no alteration. The continued firming value of cheese on the London market is reflected iu the advanced prices ruling J locally. ! Canary Seed. , The latest cables from London indicate • the market for both Dutch and Argentine 1 as firmer, with slight advances having 1 taken place. ' 4 Tapioca. 1 Sago and tapioca from both Penang < and Singapore continue to firm in price, and the rates quoted by all shippers last week show another rise of 7/6 per ton in seed and 12,6 per ton in med. pearl. This brings tiie market to-day to the highest level for several years, and from information received it appears that present high prices are likely to continue for some months yet. Madagascar Butter Beans. This commodity continues in good demand by the wholesale trade, owing to the very brisk retail 6ale. The c.i.f.e. rate from London holds firm at the recent advance, and cables advise there is still keen European and American buying. Singapore Pines and Pepper. There is little ovei-seas buying being done at present. Forward business in pine# for the August direct steamer was placed some time ago at very favourable rates, but most of the business in pepper has still to be done and the trade is waiting for the market to come to lower levels. English Lobster. Price* for new season's pack of Crosse and Blac-kwell's canned lobster are revised, and reductions are announced by agents as follow:—Quarter pound tins, 1/6; %lb tins, 1/3; lib tins, 2/6 per dozen. The new ratai cannot come into operation on this market for some time. Calcutta Goods. Very little alteration has taken place with the various lines for export by the July direct steamer. All jute items remain practically unchanged, although quotations for the November steamer are cheapening, as the new jute crop comes in for that opportunity. Haricot beans are unobtainable, all supplies having been sold to Europe. Lentils remain firm and are moving fairly freely at last rates, being about £1 sterling per ton above the last direct steamer rate. Castor oil and shellac are steady at recent prices, very little fluctuation being shown. Fungus. The fungus market remains practically unchanged at late rates. There is very little inquiry from overseas, but as only small quantities are coming to hand from the country on account of pickers being unable to dry supplies sufficiently to put them in shipping order, the immediate requirements of the market are being amply catered for. With rather more settled conditions ruling in the East, it seems reasonable to expect the market to firm somewhat towards the end o! the year. Hides. After a lengthy period M hesitation the hide market seems to have brightened up considerably. Leather manufacturers were very loth to pay the high prices ruling lately, and for quite a long time ■worked on supplies they had previously accumulated, buying only in very small quantities. However, now that these accumulated stocks have been pretty well worked up, a fresh buying move on the part of manufacturers has started. This has disclosed the fact that available supplies in all quarters are very scarce and accounts for the present firmness in values. Tallow For some considerable time the tallow market was in a state almost amounting to stagnation, but now it shows unmistakable signs of a reaction, and indications are for a decided brightening up. For quite a while soap manufacturers were determined not to make heavy purchases, but this notwithstanding stocks in London kept on steadily diminishing. With London stocks approximately six thousand tons less than at this time last year, eventually the soap makers had no option but to come on to the open market as buyers. A considerable amount of both f.o.b. and c.i.f. trading has taken place over the last few weeks, and quite a number of speculators have also been making purchases. On the face of the present ; statistical records, it certainly appears probable that the market will hold fairly firm at least until well on towards the close of the present year. Pelts. Activities on the pelt market are just ' about completed for this season. Most freezing works have either already closed 1 down or intend to do so this month, and * have sold up all the stock oddments which » were left over at the end of the season's operations. Buyers who have previously * been interested are now turning their " attention to other lines. Wholesale Current Prices. , Butter. —First grade factory, booked, 1/7% per lb, nd 1/7 per lb for prompt cash. 1 second grade factory, booked, 1/6% per lb, - and 1/6 per lb for prompt cash. Farmers' * separator, 1/3 per lb. '• Cheese.—First grade factory, medium 1 size, mild, lOd to 10% d per lb; loaf, ll%d net per Jb. Chesdale, 61b bars, 1/3 per lb; ;• for packets, 9/6 per dozen. Crest, 4/6 per dozen. 1 Bacon.—Hams, 1/4 per tb: rolled bams, h 1/5% per lb; boned hams. 1/5 to 1/6 per n lb. Bacon sides, 1/ to 1/2 per lb; rolled sides, 1/3 per lb; middles, 1/4 to 1/5 per lb; shoulders, lOd to lid per lb; rolled shoulders, 1/ to 1/1 per lb. Lard, bulk, J lid per lb; pats, 1/ per lb. d Flour. —Local, 2001b sacks, £18 per ton; g 100's, £18 15/ per ton; 50's, £19 5/ per D ton; 25's, £20 per ton; 12%'s, £20 17/6 s- per ton, 6%'s, £21 17/6 per ton. Southern a flour: 2001b sacks, £18 per ton; 100's, b £18 15/ per ton; 50's, £19 per ton; 25's, ;t £19 10/ per ton; 12%'s, £20 5/ per ton; d 6%'s, £20 17/6 per ton, 11 less 2% per cent discount. d I L:use»*.!.- Whole, 22/6 per cwt; ground, d ' 23/6 per 1001b. d Mlt. —Crushed, 12/ per bushel; whole t-j white, 12 ' per buhsel; whole black, 14/ T per bushel. ; t Twines—Seaming, 3/9 per lb; binder, 8d per lb. . Peameal. —13/ per 1001b. i Linseed Ooil Cake Nnts.—l4/ per 1001b. r Meal.—W per 1001b. Bluestone.—3V® per cwt (rsry scarco).