KAURI GUM.

Auckland Star, Volume LXIII, Issue 161, 9 July 1932, Page 4

KAURI GUM.

SUPPLIES AND EXPORTS. BOTH MOVEMENTS RESTRICTED. Supplies of kauri gum received into Auckland stores during the month of June amounted to 144 tons, compared with 243 tons in May, aud 263 tons during June ot last year. Overseas inquiry continues very dull, a most disappointing feature being the virtual cessation of the firmer demand from New York for the high-class qualities which used to bulk so largely in the shipments to the United States. It is understood that even some of the very small quantities which have gone to Isew lork lately are not for manufacturing in that country,, but eventually are finding their way elsewhere. The following table shows the quantities in tons received during the first six months in recent years: — 1928. 1029. 1930. 1031. 1932. January .. 278 290 371 158 194 February . 307 275 412 281 277 March ... 411 240 503 3S<> -J.J4 April .... 338 339 441 309 405 May ..... 390 420 37-t 394 245 June 331 _285 _247 _263 _^44 Totals .. 2055 1855 2458 1791 1489 Exports for the month of June amount to 121% tons, comprising 75 tons for England and the Continent, 36' A tons sent to the United States, and 10 tons to Australia. This makes a total of 1078 tons exported during the first six months of the year compared with 1187 during the corresponding period of last year, and 2266 in tl.o first half of 1030. White rescraped and seven-eighths white are coming in very slowly, but quite sufficient for the small demand. Three-quarter white and white nuts are dull of sale, and white chips are quite neglected. Bold bush is in short supply, also rescraped brown, and more could be placed at recent rates. Small parcels of brown steel and brown ordinary are moving off, but dark steel is very slow, with low-grade black selling at unprofitable prices. Chips are meeting more inquiry, but the prices suggested by buyers are not attractive for the sale of larger parcels. It is anticipated that as the Unemployment Board has found work for many diggers in the North, supplies will gradually decrease. However, as the Government stores are holding ample stocks for the merchants, no immediate shortage is anticipated, except probably in the very best qualities.