MARKETS AT A GLANCE

Auckland Star, Volume LXIX, Issue 223, 20 September 1938, Page 6

MARKETS AT A GLANCE

TRADE IMPROVES.

NEW SEASON'S CHEESE FIRMER,

PILCHARDS ARRIVING. "Auckland Star" Office, Tuesday, September 20. ui. A ?o f,uT >] l « roc "7 'nerdianta opened i to good volume ot business yeeterdav, 0 . ! n -n ' are f ? r au « tel 'e»t week ivenVs u • '""l-montli tobacco deliveries were made last we«k, and turn"tl7i U liV«t r ,^1 w -. Client wth r mint n,rf neee °v th * a «-'°>"'t «•'»»"« to hand tor qur.k deliverv Aw Previously advM merchant* commence tlie October deliveiieti to the countrv on hursday t),, instant, *ndTl he u> h ii area on the following Mouday, the S« :»i;;:r», - ,„•« i:Ls?rs?.c v - '■■ '■'" - General -News. A line of Englisli hath salts in tlie larsre ion available aguin. further eiMwitfiiinenta Jmving jiMt come to hand. * eutt Merchants received the final shipment ■ lasmainaiMnutton bmh lant week and . supply now in hand m not eonsi.lere.l k l> to be MUflicient to cater for the "!"" ''•■"land until the new Keason's sunplies a 1,.. again available ' ' rmrnsl, safeties h.n-e beo.i short in some 1 , Tt' ♦!' . ' IMt,K,I - "supplies which ■" IV.-.I by the Wanganella last week have \ li?' , r t,, '- | V. it "»lio».t» « Ki-fift extent. A hue ~| l> M lk coca imported from Australia. ,md cjoying „ KOO( | mk , ;,, voile vi-iu-s. h«H been (•oiu.iderahlv increased in pr.ee due to the fact that the titaloiim iititlfnriticH will not allow this line to enter as Australian manufacture and tlioretore future consi«nments will be" 1 carrying u considerably higher , a te of.

During the la«t few weeks euppliw of <-l.eese j,ay«. been particularly short in Honu. handrt. due mainly to the fact that tl'e dairy companies' have been holding IP supplies waitn.g- for the new guarauuva price to be announced. Now that the "<■«■ Price hiiH been named supplier u-o better and selling ratee Jiave been broualit into line.

. A well-known brand of nerve tonic enJi».\ni|fii ready Hal , thi* market is beinu' further ,„,,,„!.,,i*ed by a bonne offer "I, 1 ""' *',"*\ t '» 'lowii which is available imjl the.>th of next month. A brand «>l Kn.-h.--h mop oil i« also iH-in- offered with a Inline of one bottle tree with every dozen purchased in either tJie 4oz or l_oz size.

Supplies of pilohards have been unproriirablc ou spot for kouio weeks, and the advice that further conaignnienUi ar«> landing tins week will prove very welcome news to the trade in general. ' A "brand of pominion manufactured cut pliiir tobacco is ~„„• available in two strentrtiis in 'i.iz tiiiM only.

-•' criv.ils from overseas and coastal ports dminte t.lie ].ast week comprise the following lituw: Medicinal ointments. 1 •Crown enltiiniM. seeded Lexia raittiiw, macaroni. verniN-vlli and whentmeal niuearoni, 10oz tinned Australian peas, desiccated coconut in bulk 28's and I.')!)'*, onions Kanjroon lice, pincapplcw, sliced and crushed, etc.. peanut kernels. Shim rice, wax matches. Innndry soap, propi ietary brand tea, mnlt. extinct, ink. oomrh remedies, custard powder. Frenrh sardines. Knglish herrings. KWMPprooE paper. nnjrelica, mixed apices in bulk and- loz packets, Kr«lish brushware, English cigarettes, bulk tea, etc.

Pineapples. The Pineapple Canners' Association backed by Crovei nment support, and recently advised An beinjf torinod in Singapore, w .having a strong inHiieiice upon the market, and prices are advancing coneiderably, with tlie tone of all packings and sizes generally firm. Certain supplies are Rtill"-available ex meiWiantx' «to<-ke at attractive pi icos. and the retail tr«de are adyieeil to make early cover on their requirement*! for the coming season.

British Columbian Salmon. It was recently reported in this column that new hohmoh'n British Columbian salmon wa« beinjr offered tmbjeet to cable confirmation at last .vear'« rates. New" eeasfcn'e prices-. however, have now definitely been nominated, and it k interesting to note that C-ohoes nhow a reduction on last season'e rates. Pinks are lifted at an increase, while . Sockt-yen remain unaltered. Quotation*) fpV Chiiine liave not yet been nominated, and instruction* have been given to agente to withdraw their last season's prices. Indication*, therefore, are for an inrroaeo in this (trade. A progress report on British Columbian ealmon iz'ivett details of new season's pack received up to the first week in Alitfuet. compared with recent yearn:--

l»«s. i !t. -> >7. 10:10. in.-?.-. Sockoyo . 240.5114 liL'.'t.i :<K 31!* .VII 251J417 Cnhoo .. ;{«,i;s(! 7.-{.-'-!l .h.-uil'o I , inks .. 11L>.4K(I KH.dL'l 2~U.T20 !M*>.O!iK C'liunra . I'.i.oiM) ai.NiJl 52,1*71 1'."),77,'{ Desiccated Coconut. Agent* advise that quotations for desiccated coconut are still ruliiiß at an unusually low level. This market in considered very j#ructive. and a certain amount of business j* forward for both prompt and forward shipment. Australian Dried Fruit. Present offci-s of eultanae, currants and Lexia raising from the Australian Dried Fruit Control Board are only available until the end of the month. It is anticipated, however, that an extension for further deliveries will be nominated some time thie week. Macaroni. Owinp to the lower prices ruling for wheat, Canadian manufacturer have advised reduced juices for macaroni, vermicelli and spaghetti packed in lib packets. Spread shipment can be given up to Auguet next at the prices quoted. Californian Dried Fruits. Little movement is noticeable in prices for (.'alifomian dried fruits. Prunes firmed slightly .some weeks a«o, but have again cased. However, ns present prices are on a very low level, it is not expected that they will decline to any extent. Raisins are also being quoted at favourable rates, but as plentiful supplies of Australian sultanas are offering, only limited business is passing in Californian at present- > Walnut Meats. Already there are signs that supplies of Mancliuiian walnut meats will be short before further shipments come to hand from Tientsin. New clop meats are not as a rule ready for shipment from there until late in October or early November, but with the position so obscure this season it may be much later before supplies are available for shipment. Quantities of fleshly cracked 1937 crop walnuts will, no doubt, be offprint before long, as supplies were expected to reach Tientsin towards the end of this month. What condition these will be in. and whether suitable to ship to this market has vet to be ascer- ' tained. local stocks are selling freely at prices considerably above the average rates ruling dining this season.

Brazil Kernels. Report* from Brazil ;ue to the effect that stocks lire being rapidly depleted and prices are now firming. Local stocks. bought when the market was more favourable than is the case to-day, are expected to be ample for the requirement!* of both manufacturers and merchants. Dates.

No jiripo alterations me adviwd for new season's dates, but all orders for the October direct steamer have been placed. A small shipment of special quality dates. which is coming forward to this market this year, is expected to prove of considerable interest to those whose trade is not restricted to price alone. Tea Report. A mail report from Colombo under date August 8 states that supplies continued to fall during July, and the total offerings for the month amounted to 8.233.4W21b, were slightly heavier than during

the corresponding month last year. Quality, particularly from the Badiilla die--1 trict, continue'] to improve and prices ■ showed col i esiMjndiug advances. Towards the end of the month United Kingdom blenders begun to operate freely, and jiood and hue BO.l'.'s particularly realised high prices. Australian buyers still appeared to have fairly heavy requirements, and with a limited selection available, good Dimhula and useful eoJoury medium B.O.J*. 's also showed smart advances, despite the fact that quality for these types showed little change. Improved quality J'ekoes and Orange Pekoes also met with good competition from American operators. Low-grown teas were a steady feature and prices ehow'ed little fluctuation, whilst supplies were absorbed without any difficulty. Weather conditions recently have not been so favourable for the production of good and fine teas, and it is likely that the peak of this season's quality will be seen in the first half of August. Forward musters from the .estates confirm this opinion, and it would appear that there will be few really ftavuiiry Bailullas available this season. Supplies during August should be small, but thereafter the crop will begin to come in more freely. ISliipmeiltH were well distributed throughout the month, satisfactory quantities goiiiK forward to all the principal markets. Kxchange strengthened towards the end of the month. Dried Apricots and Peaches. Calilornian Blenheim apricots in lloz cartons have been quoted for new season's, showing an advance of approximately 10 per cent on last season's rates. California!! packed dried peaches on the other hand show a alight reduction. Peeled Peaches.

Practically peeled yellow peaches in bulk ale again available, juices showing a slight reduction >>u last season's offers. Tills line lias been particularly popular in Auckland throughout the winter, and on rates (incited there should be very heavy bookings when a cover is available for next winters requirements. Fruit Juices. Opening prices for California]) loganberry juire have been name,! on a basis ol .'{.l. per cent below last .vein's rates. Tomato juice ami pineapple juice are already very popular, and Inganberrv juice is a welcome addition. ' Wholesale Current Prices. Jiiitter. Finest grade. 1 2'/i per lb; first made factory. l"Jli; second grade factorv, M%: whev i.'l'i.

Cheese. Kxp.nt (SOV). crate lots. OMm] per. lb net. less !1%,| per ll, : medium (4<l>), elate lots. '.)%,[, less Hid: (-JO'S I. crate lots 10' i.l. less Ill9id; loaf crate lots, lid, less ll'/id.

Bacon.- Hid. 1 2Vi per lb; rolle.l boneless ham. 1 5; coked whole hail). l' 0: cooked rolled ham. 2 : cooked pressed ham, I, 10: bac-on sides. I I; rolle<| middles. 14%; lard, bulk, 8.1; pats, j).|; dripping. patH, 4'/ad.

Honey.- First made, 111> rartons. 10 6 per dozen: 211) tins. 2». 0: f>11) tins. HI/. Neeond prade:- m> cartons. 0/3 per dozen; 2II> tins, 18/: 511) tins. 43/6. Third made: 111) cartons. 8/ per dozen; 21b tins, t.~> 0; ;>lb tins. 38/0.

Flour.-Local: 2001 l( wicks, Cl 4 15 6 per ton; 100 V. t! 15 12/0: 50'* £ l."i 17/0; 2jh £10 7 f>: 12%'s. i!IT: (j'4's. £17 17 if ' Malt. Crushed. 11 :i per buwhel; whole white, 11/; wliolr black, 12 0.