KAURI GUM.

Auckland Star, Volume LXX, Issue 165, 15 July 1939, Page 4

KAURI GUM.

EXPORTS DURING JUNE. WUKLinVIDK SALES. An exceptionally wide diwtr i'uition is I lie most noticeable feature in the export tr.idp in kauri gum ilurin« Juno, shipmciitrf having boon sent to all p-" the main manufacturing buyers i.-x ept .lapan .mil Australia. Xr.thing ha* -one to Japan during the last 18 months ..-xwj't about in Inns t» February and 42 tons last August. The laxt shipments oi any m.iitiiitudf to Australia aiiiountf'd to 1!)U tons in Mai fh and about the same quantity in February. ■June export* amounted to lS(5.!)o tons, which is a little over the average for the previous, five months of the year. Of this quantity 20.35 tons wont to the L'nitpd Stares. 2.)..V> to Ciir.ii.-la, 80.(r> to Great Britain and t lie rest to the Continent The latter comprised 1!i.4 tens to Frame' •_'.4 tt, Germany, HI io Sweden, 9 X~t to Holland and another \0:21 tons on option.,! bill of lading for Holland. 'I he total value is officially recorded as CS!H4. an average o.f £47 12 6 per ton, eomparerl with £.18 6 6 in May. but this • locs not signify a fall in the market, as it is mainly ,], IP to the United States taking less that !O per cent of the whole export in June, whereas during av (,], at market took a little over 2.1 per cent, and American purchases always include a large proportion of tlie more valuable nuihties. thereby raising the average \alue when the purchases are disproportionately high. The market actually shows no material change, tlie wide distribution merely sujrgpsting that manufacturers are now holding small stocks, but are prepared to purchase from hand to mouth and risk the market. The import restrictions on linoleums tend to delay fresh business until manufacturers find their stocks very low, but trade in the United States seems a shade better, and this may account for the purchases during the last couple of months being a little above the average. There ie no significance in the Canadian purchases being about 109 tons during the past four months, contrasting with nil during the nrevious four months, for the main Canadian purchases are always made when they can arrive during the northern summer, while the St. Lawrence is navigable. La«t vear 216 tons went dring that period, and the nrevions year 23<? tons. hu<- there is stiH quite two months in which the Canadian summer supplies cm l,e shipped.