MARKETS AT A GLANCE

Auckland Star, Volume LXIX, Issue 126, 31 May 1938, Page 4

MARKETS AT A GLANCE

) ACTIVE TRADING. JUNE DELIVERIES THIS WEEK. TASMANIA!* MUTTON" BIRDS ARRIVE. "Auckland Star" Office, Tuesday, May 31. Wholesale merchants report that general distributing btfcinese is showing the usual activity for this time of the month, all departments being in the full rush of June deliveries, and it is anticipated that dispatch departments will be very busy throughout the remainder of the week. General News. Inward shipping has been fairly active during the past week, amongst consignments to hand merchants receiving further supplies of Mildura sultanas from Australia which are proving very welcome. So far no supplies of 1-Crown have come to hand yet, and the information received is that all merchants' orders already confirmed will be duly executed, although it may be August before final deliveries are made. Fairly heavy consignments of Tasmanian mutton birds have arrived ex the Wanganella. Latest information in connection with this commodity is that there is likely to be a short season, with the result that higher f.o.b. prices are expected to prevail. The usual winter demand has set in for such lines as malt extract, malt ami oil, patent medicines, cough remedies, lozenges, etc. A small shipment of Californian pilchards is arriving shortly to a very bare market, and although wholesale rates are slightly higher owing to increased costs there is little doubt that the present shipments will be very quickly distributed as the retail trade are very anxious for further supplies due to the increasing popularity of this line. Further supplies of a well-known line of ;>aghetti previously in short supply rrived to-day. In connection with Cana-

dian pilchards, packers announced that 1 stocks are completely exhausted, and l further supplies are unobtainable until new season's pack is available in approxi- i mntely September next. c Tinned fruit salad has proved particularly popular this season, and the advice 1 that further supplies in a popular size - have just come to.hand'at a very reason- J able price should prove very welcome to 1 the trade. 1 Further landings during the hast week " from Australia comprise shipments of . tinned apricots, peaches and pears in various well-known brands; also spag- d hetti. vermicelli and macaroni. In short supply just at the moment merchants advise a well-known line of English herrings in sauce, although further shipments ;l are due to arrive in about another four- B teen days. Several linos short comprise * various brands of salmon, although in this * case the stock position is fairly right in 1 other brands. A line of breakfast food that [ comes from the South is temporarily short *■ due to shipping delays. A well-known line a of coffee and milk which has proved very i popular this season is out of stock, with s further supplies unprocurable for about I ten days. Lexias in 16oz cartons are also short in some houses, with further consignments due very shortly. J Considerable difficulty has been experienced by all mediants during the last few ' weeks in connection with stocks of various - lines from the South Island. The shipping I service has been most irregular, and th" • space available limited. It is anticipated ' that the situation will be abnormal for the 1 next week or so. t Arrivals from overseas and southern ' ports comprise the following consign- ' mente: Quarter cases desiccated coconut. ■ Australian rice, both unpolished and No. ( 1, as well as Patna type, tinned peas in ' lOoz and 20oz tins, eucalyptus, mutton 1 birds, canned sliced and halved peaches, J canned apricots, 2. 3 and 4-Crown sultanas. J 1 and 2-Crown currants, bulk and carton loaf sugar, rolled oats in 4's. 20's and 100's. 1 medium oatmeal in 100's and 200'*. 1 tobacco, medicinal emulsion, wax matches. * split peas, English packet cornflour, etc. 1 Cashew Kernels. Latest advices received in connection with this line are that the new crop in India will not be as large as was originally expected, and that a strengthening market is in prospect. Shipment is offered spread ! from June to September. Peanut Kernels. Late quotations to haifil for Java pcnnut kernels offer shipment for July-Ai|gust bought at shippers' option. This quotation is for new crop prime quality and the market is firm. Sardines. Latest mail information in connection . with the Norwegian market indicate that i new season's prices on a number of well- : known lines should be advised any day now. Owing to the Norwegian fisheries i being under Government control the export prices will not be advised until a meeting of the packing, fishing and canning interests is held. This meeting is held after fishing indications are gauged so that at the moment no further information is available. Canary Seed. Quotations for new season's Turkish canary seed have been named for shipment August-September, and prices are very attractive as compared with opening rates last year. As compared with Argentine, wjiicli to-day is somewhat firmer, the difference in favour of Turkish is 20/ per ton. Just at the moment, however, thereis very little interest being shown in this offer, mainly because of shipments to arrive. The first shipment of Argentine was to have come in by the Naniwa Maru last week, but unfortunately missed the connection at Kobe, and will not arrive until next month. Resin. There is very little to report in the market for American resin just at present, prices in the main remaining fairly steady, with only fractional increases noted on X grade. Stocks are well held at the moment and very little business is passing. Turpentine. According to the' latest cables received j quotations for Pine Tree turpentine remain unchanged at the previous low level! ruling. Good shipments have recently ; come to hand by the Clydebank, and the local market is now well supplied. | Pineapples. | After a long period of low prices, a firm- / ness in the Singapore pineapple market j is now in evidence with last quotations : , higher to the extent of Id to lV&d per | l dozen on all sizes. These quotations are! i for June shipment only, and sellers are j asking V*d and %d per dozen extra for July and August shipment respectively. ] Tapioca. 1 The tapioca market continues to take an ! erratic course. After a temporary firmness, quotations were easier again last week to the extent of 3d per cwt on Penang seed, and l%d per cwt on medium pearl. Seeded Lexias. The Commonwealth Dried Fruits Control Board have now extended their shipping ■period for seeded Lexias to September 30". prices remaining unaltered. This liberal extension of the shipping period will enable the wholesale merchants to organise their purchasing on a much more satisfactory basis than previous years. Currants and Sultanas. Australian currants and sultanas remain unaltered in price, with an extension in shipping period until the end of July. They advise, however, that supplies of 1 i Cr6wn sultanas are now exhausted, and ! that very few remain in 2 Crown. As far tjas possible they request that the bulk of 8 j future orders be 3 Crown and 4 Crown grades.

Wholesale Current Prices. Butter. —Finest grade, 1/2H per lb; first grade factory, 1/2% per lb; second grade factory, 1/1% per lb; whey, 1/1% per lb. Cheese.—Export (80's) crate lots, B%d per lb net, less 9d per lb; medium (40's) crate lots, 9d per lb, less 9%d per lb net; (20's) crate lots, 9%d per lb net, less 9%d per lb net; loaf crate lots, lOd per lb net, less 10% d per lb net. Bacon.—Ham, 1/2% per lb; rolled bonelees ham, 1/5; cooked whole ham, 1/6: cooked rolled ham, 2/; cooked pressed ham. 1/10; bacon sides, 1/1; rolled middles, 1/4%. Lard, bulk 8d per lb; pats, 9d. Dripping, pats, 4%d per lb. k Honey.—First grade: lib cartons, 10/6 per dozen; 21b tins, 20/6; 51b tins, 51/. Second grade: lib cartons, 9/3; 21b tins, 18/; 51b tins, 43/6. Third grade: lib cartons, 8/; 21b tins, 15/6; 51b tins, 38/9.

Flour. —Local: 2001b sacks, £14 15/6 per ton; 100's, £15 12/6; 50's, £15 17/6; 25's, £16 7/6; 12%'s, £17; 6».4'5, £17 17/6.

Malt.—Crushed, 11/3 per bushel; whole white, 11/; whole black, 12/6.