THE FRUIT MARKET.

Press, Volume LXVI, Issue 19942, 31 May 1930, Page 12

THE FRUIT MARKET.

CHRlSTCHy acßl p^| has bew exceeding, good *«&%#»&' ! generally show* »o ißereaa^**,%fm%S firmer in price, and g*d*J£,,J*ffl&3B potatoes are scarce. Ou^ o practically finished. p", Z **»<»«ljfl hothouse tomatoes offeris* tS* * 6 ? W2 limited demand, and price! „*J > -«S S or both cooking andl dtJrf *»& sc&rcer, and have incr 6ase aT J? rl9t, *Tffi «re also realising incrci.ed Wttt »r'. NT house grapes are nearly fi»ffi are firm. Overseas orsng.. ■ supply at present, and &£? 'MWfi Lemons are scarce and from Australia are now eortbiincreasing supplies, and prto2 , J < TNni been reasonable. A .hi-Mrfi , *i«tt tl3 * fa r demand Australian ■ruSlsßPi ' cumins over in fair W *2 Lave been low. Thei MinifiLSfWlV* yesterday with « «Wpß«| .TfiffwH. ; Nine bananas. The wjEilS fflWl.Sf-ment-was excellent, and it W^IW.! prices will be reasonable, A laSfflS «S" , Of Island oranges and bananai from Jtarotonga on Jung 4th •lW^? 1 !? ll is; expected that Price, w|H ■TtoStSw'fe'" fruits, ™ ™Wfc*" Average prices received at week ending May 30th wewt-riefflMsSj.-, per case 7s 8d W *• «d; MBfiMSffli' Nelson, per case 7s; apple*, 8. 6d to 10s; apples, OBirclosrffiA--10s; apples, cooking, par ease g*-"»P£W3r grapes, firsts, p*r lb up to", V/ 8 *!! seconds, per lb 1» Cd to 2s- mrJWfc per case 355; lemons, Sydney,' 6d; mandarins, per case 17e tl- V?W Took Island, per case up te 13|{iSS!ffi-'' Sydney, per case np to 16s 6d- |£95P Auckland, per case 7s to 8s;-pears. per case Ss 6d to 9s 6d; pears Ifo lfta'i cose 5s to 7s; tomatoes, dessert, wiLS to 7J4: tomatoes, No. 2, per \i wkM, walnuts, per lb 8d; beet, per &$% fcJliSflffi 1 ' Is; cabbages, per do? pp to ?■ i per dija up to 3s 3d; carrots, per d«nS»V Is; cucumbers, Australian, per ««M «sifi ! ' 14s; cejery, per bdle. 6|d; gracTa assYls}} peck 4» 9d ! leeks. Per Bdl. Id l to Jd*lLH tuce, per doz Is Odj marrows, p«r-)iM»'' large; potatoes, per s.b, 2« $ 0 Si Bdy«2gilocal, per s.b. 2s; parsnip*, Mr'- fitfra, potatoes, per sack 8a te 8s; PU»BktluSuHS Id to ljd; spring onipni, "per das iTFSBii % per do* 4d to 8d; spinach, p et aJSSBs to 6d; swedes, per s,b, u 84 te 2a, T«f, [TUB FWBSS Special «*T»|e^» PUKEDIfI, TftßfiJfe Fair quantitie* ef apples are ajjrajßH? ing the marts, and prices 'et are it little better. Really good cMWj™| also a better enquiry. Pears are wSflyj' supply, and are offering at low ratai£|jift§ supplies of Island oranges reacaeiTyjißsHjf! during the week. The condition ~oomej3m| was pot of the best, and .many 'Wm]n2MS bo repacked, The consignment pjpflOLs loss to shippers, seeing tha WMHHRSIi oranges that had to be thrQ. w a'-tJTOSI§ may he added that last * ea W~nW{npjf|li this quarter were in much h»tW~#f|jS§B than thpse just landed, A Samoan oranges has been landed atTjftjajaßa and the Dunedm portion w!Kb; rah>£fflgg&| It should reach here t°' moi ?3W;-'?jESijjfcf and will probably be auctioned pallaJß&j| the price has been Axed for the isjamjiMl 83» 6d per case, further *Bppllw|3|tM| faike oranges are expected here MmimM These should bring they have a good demand from,"wW ; 2sff tellers- The Walkoiwiti ii > Thursday next with a genertt JHKfWwim fruit, and U sheuld meet Hth-*%rtt*C|jfflK Australian grapei are now vrietlSffiE'Hlil out «f wholjsol* hands. ' should be in the WalkonaW still coming forward from Pentiaj Obristehureh. They art vow of pwr.Mpi and 'lie season is stent ffntiTjed. hou are available in e»»II lsts^'eMmffi (SJICJW. V 0 TB» PK?BS.) "JM May PQ}l Mainly op ac;ount of 'the a4tetSB.JHeJ« business in the local lruit m»rt» has |M on the alow side during -th* copslgoment of market in very mix« 4 conßitTeß,'.»j(\4>S«S of the liruit bad to be- SNM MgX| medium yaiuea were »e«ely»- tw 4gnK& saleable. A. shipment ft F fei l, earns to haqdo The 4em»gd *tfflmm!i probably owing to the Apything on the ereen side values. A. pares), of Bnmoan due.hers n«4t week. QUinoes imH||, favour, .supplies are steady. SQod, and sricas very B * t,i(l ket is bare of lemons, lemons, and' jam melons are Waikouaiti about -Tuae Bth. Thtlmam ket shows a little improvement. J%%g|Mßl been greatly reduced, and : tinues steady. Prices have <ftrmßtfgejjgg 'Pears are plentiful and valueß are on the-tew aid*. «*3SotSHH are still coming to hand. no demand, and sales are The vegetable market are plentiful supplies, and experiencing a particularly. Current prices are a P? r *« IB lows: —Dessdrt apples PI cookers 9s to 7s per case, dessert fld to 4s per box, quinces to ?4>. v teran| 2d to Sd per lb. grapes to WsMjmm Of 281b, Island oranges to wJBHgSEBi repack*, veaatabU narrows lyjUjlWlH sack, cucumbers to Ss and parsnips to 6s per i r >i^^W TONSON, GARLlC^lffl| ANNUAL (TS3B ?MOS fpwlal'.^l^^^ At tha thirty-third »aul of shareholder* of Tonion. g»qw.feataill Limited. Jlr W. H. Ba»He"tt. preiided, ■.. ■ . , ..•ys^ijtgglg In presenting the annual balaßa»iwMp| chairman rwrretted that -*-*»#WNBBH the operationa ox the company _aaOf, gggaa tained, but said that thin lon had 'ban mada >'«**jPlJH factory. The loss for the *4361, which bad depleted ft» «|iffiEl9 aarvea to *BO3. and whieb, \ *750 rewrrad for bad dabta,; pany'a total nierra at W53.:,; T had been a bad one there but this was due to the <*eW?M<*3l|ffiS whieb was general th»ou|rbout Prices had'beeo steadily 4Hjfftlihf|jil9 falling markets thara losses. It waa hoped that PnjWjfiSlgß to their Igweat l««l, W*"*?*«ißSfflaal lead to a steadier ton* 'B'feWSi year'i businesa. .Book d«bt« WTfag»|g duoed by nearly *7OOO, the *."*l t of £6536 had been wiped out, established of »«. The" ajaJM ability of making » profit,to .WjggSga during the t ortboomlag; ? M fiJ ket condition! wart i »?W»S* e fl r, tho increaalng demand of.'¥• t£3?Ssli goods on bire.purohaso, i* W .M£2Si tu increase tha eompany'a. «g?ga this particular braaeb o/v to was fell that an increased t° rooVW effected in this manner. , , *>\sm Comparisons of the eooipany'e f|o*M this year and last are as follow .-<- Liabilities— *<' l J: wk Capital ... •• 3i Reserve .. •■ ~?«% w"*M Sundry creditors .. *'™ .J/gfm Aseets— " , •■>' .'"f^ll ii»nd, buildings, plant, . j-j - >'»rtHi and fixtures •• J«»*Va •■' ~OM Stocks . •■ 18*1°' >■>»«» Sundry debtors ■• '■ ew * _-\ -j^M POULTRY AND *&ss& The supply of poultry M larly the supply of bofliPf "•W\ r ESH|!ffl which have been on the ««• - ins prioes were realised 0 chlokens, light. 4> f i to «» "'iT ffijm 6d to lis; hen«, Hght '(".JJSiISj 5s 6d to 7s; ducks 4s 6d to 6s to 7a: turkeys hens »« * «>*%%! s of egg, u >™«sM demend. The Canterbury try Producers report that First grade and duck eggs ?»,"}* grade U s>d; pullets 2s 14. Messrs Macfarlane and Co. ZffiSim their prioeß are;— First »rado S;?gJ¥ 3H« second grade 2s 4d to -s o«> >; 4 3s 8d to 2s. sd. „£<! HORSE FAIR, -i'^s| There was a good fttt«ldM*£j!jdH National Mortgage and horso fair In Ashburton. drop o„ those of the WJ^'SKWH highest price paid was *B» , f old mare, while another *\JPJ£Egm realised *2B 10s. The Geldings: Aged. £l4, *M "gPli *lO 10s, *p 10s, *ls! *J^*^ ) S£ilM Mares leyrs, £3?, «8 t«V,„'MwIP Poniea; 6yre, *U 10a; TyMi **<*^^H

SEEKING TRADE.

A VISITOR FROM FRANCE.

flourishing industries

[IHE PBESB Special Service.]

. WELLINGTON, May 30. "!The., more formality you have • the jnore isolated you will be," was the opinion expressed by Mr J. E. Powell JFuchs, who is engaged in a comprehensive tour of the Dominion in the inter-ests-of a large group of French manufacturers, when discussing to-day the Bianjr formalities to which foreigners . lire subject when entering New Zealand.' Mr Fuchs considered that some cf the things demanded by- the authorities were positively childish and coy- ' responded very unfavourably with conditions in France, where only a 10s entry tax was charged in the cade ot fir3t-class travellers and a smaller •mount for others. "For instance," he said, 'on my arrival in Auckland there was first the question of passports on the boat and then there was trouble with the Customs officials in regard to my samples. Following a medical examination I had to take tho form of oath subscribing to the laws of the country. I consider that ridiculous, as it is only common eense that any foreigner knows that bo has to obey the laws of the country where ho may be." -Mr Fuchs went on to say that ho con■idered that £lO, which the Government demanded of all foreigners entering the country, a very foolish restriction. Truly it was refunded later if a o business were done, but it was most troublesome for wealthy tourists and business men to have to be bothered with the tax, and in many cases buyers and travellers had to pay the money out of their own pockets owing to the difficulty of collecting such • odd sums from- tfreir bead offices. He considered that it would be better to have a fixed tax calculated on the length of time spent in the Dominion. Generally the average business man from overseas had very little time to spare and he could not afford to be bothered with trivial matters. "The simplest method will be the best," he said. "It will be the cause "of bringing more competition from abroad, lowering the price of goods, and bettering the quality." As compared with France he thought that New Zealand's soil was barely scratched, and he attributed much of the prosperity there to the fact that the people did not remain in and •bout the cities as was the caße in New Zealand and Australia. Out of » population of 40 millions there were ! : lorir millions in Paris,' one million in - Marseilles, and the remainder of the population was evenly distributed over - the country . Every scrap of. earth was under cultivation. French indus- ! tries were booming, particularly in the ; wine and spirit, metallurgical,. and : clothing trades. They did not have the methods of mass production as in * the United States, but rather followed the English style, where the work was , done by craftsmen, and,, although ■lower, wna superior in quality- The leverage working man was paid from to 408-a week in the-coraitry, he •aid. hut it was very hard to compare •the respective standards, of livine be- ; tween France and Now Zenln-TuJ Th<»re was ! no unemployment in France at the present time, and thev hod to go 'to far as bringing operatives from ' ©tfipr conntriflfl to work in their far- * torie*. They had an enormous* trado '. in cloth'nar and as all the fashion* of the world were set by Paris thev epuld command their own prices.

PERPETUAL TRUSTEES. ANNUAL REPORT. [THB PRESS Special Service.! PUNEDIN, May 30. The forty-sixth annual report of the ./Perpetual Trustees Estate and Agency €« . Ltd Zof New Zealand, which will be presented at the annual meeting of shareholders on June 13th, /•ays the amount brought forward from the .previous year was £4878 3s, from -which has since been paid income tax for that year, interim dividend, and the company's contribution' to the • Cancer Campaign Fund, leaving a balance of £1634 ss. The P">flt for ''.the-year just ended amounts to £2912 17s Id, and the availablo balance w therefore £9547 2s Id., which the direc- • tors now recommend be dealt with - as follows:—Payment of a dividend on : paid-up capital (£22.500) at 15 per • cent, per annum for the half-year i «nded Aoril 30th, 1930. £1687 10s. re- .: nerve fund £2OOO. staff benefit fund , contribution, £750. writing on\ Dun- ... «din premises £llß 14s 9d, writing off , office furniture and fittings £9l lis 2d, earry forward to next year (subject to income tax for the year just ended) £4899 6s 2d< : - .The vacancy on the directorate caused by the death of the chairman » (Sir George Fenwiok) on September 23rd last was filled by the appointtnent of Mr C. Stanley Smith. Sir George Fenwiok occupied a seat on the Board for 17 years, during 14 of which he presided over its deliberations with signal ability. His interest la the welfare of the company and its ' clients was a very real and live one - right up till the date of his death, ' and be will be greatly missed by his .J •olleagues. PRODUCE MARKETS. BEST SUGAR QUOTATIONS. . tfirrno rose 4»socutios-bt bmcibio tblxobaph—correiowr.) LONDON, May 80. Bast aagar is quoted, Jane, 6a lid. LONDON REPORT. LONDON, May 29. Rear h arm. Australian ex-store 80s 9d. Pats are steady. Peas and beam are quiet. VICTORIAN QUOTATIONS. MELBOURNE, May 30. noar—-fill to £ll (a a ton. Bratw-48. Pollard —«9. Ostf—Bs fid to 8a Bd. Barley—Unchanged. . Maize —6s to 6i 3d. MONEY MARKET. NEW YORK RENEWAL RATE*

NEW YORK, May 29. The call money renewal rate remained at tkrt& per cent. *U day.

BANK OF ENGLAND RETURNS. (uirtTßD runes association—bt blbctbio TZLKOBAPH-- COPYBIOHT.) LONDON, Mav 29. The Banli -of England returns tor the week ended May 29th are as follows: — ISSUE DEPARTMENT. £ * Notes Issued— Gov. debt. 11,015,100 In circu- Other Gov lation Sod.iei.olft security 232,894,876 In bank- Other se'ing dept. 81,053,977 curities 11,629.071 Silver coin 4,460,903 Gold coin • ■ & bullion 157,188,526 , . —— Grand Total ' 417,185,525 Total 417,163,525 BANKING DEPARTMENT. ... £ £ Proprietors' .Gov. secucapital 14,558,000 ritiea'... 45,577,629 The rest 3,216,885 Other accuPublio rities—- " deposits 13,241,450 Discounts Other J . And advances 6,8 ?r';25 < Bankers , 58,983,-730 Securities ",515,774 iv'cf. 35,900,848 Notes . 610,5c9,977 Sev«n-day Gold and . and other silver coin 1,931,174 bills 2,134 Total 125,834,017 Total _ 125,884 047 Proportion ol reserve to liabilities, 57.30 per cent.; short-dated loans. 2 per cent.; three months' bills, 2 3-18 per cent. The fiduciary issue of £260 000 consists of the following items: —Government debt, other Government securities, othsr securities, and silver coin. FOREIGN EXCHANGES. (BRITISH OFFICIAL WIRELESS.) RUGBY, May 29. Par. May 27 May 29. Paris, fr. to £1 .. 124.21 123-93 Jg«j» Bruwela, belgas to £1 35 31.81J 84.815 Übio, kr. to £l. ■■ 18.159 18.lt 18.16 Copenhagen, kr. tall 38.169 18,16 i 18.14 (■itockbo.io, kr- to £1 18.159 18.102 J 6 :*' Amsterdam, fl. .. IS.JO'i I—oß 12.®7J Berlin, Reiehmarken . to£l .- •• 20.43 20.36J 20.385 Montreal, dol. to £1 4.866 New York, dol.to £l 4.3'.0 4.8 2--.2 4.80 31-3-2 Batavia ... .. 12.107 12-C7i Prague, kr. to £1 .. 24.ftJ 163 1631 Geneva, kr. to £1 .. 25.225. 25.1J4 Milan .. .. 92.46 W. 77 92.76 Vienna .. .. .84:585 81.454 84.451 Ifeiwngfow .. 193.23 198J 000/uo o o/u Madrid ~ .. 25.225 89.92 J 39.801 Lisbon .. V ~. 4.50. 108.25 10*26 Athen. ... .. 875 876 37a Bucharest, lei to £1 813.6 818 813 Ri0.40 Janeiro ... 16 527-32 15 65-64 Buenos Ayrea .. 47,62 4215-16 4213-16 Bombay .. .. 18 ' 6^os Shanghai .. ..24} 201 18| Hong-Kong •• 24 Yokohama .. .. 24.66 24 18-16 20 18-32

WHEAT MARKET. CHICAGO QUOTATIONS. » NEW YORK. May 29. Chicago Wheat—May 106}, July 107), September 110}, December 1141' cents a bushel. LATEST LONDON REPORT. LONDON, May 29. Wheat cargoes are steady, prices being maintained, The demand la quiet. Parcels are being steadily beld, and trading Is small. Futures:— London—Slay 86s lid, July 37s a quarter. Liverpool—May 8s OJd, July 8a Old, October 8s l}d set, December 8a 3gd net a cental. Spot trade Is quiet but Arm. Australian ex ship 58s Bd. METAL MARKET.

Standard. r«r o*. 18H 17 7-I6d Fine, par os. .. 191 MM 18 18-16 d THE SHANGHAI FAILURES. SHANGHAI. May 80. The exchange market Is ncaring a panic owing to the" further fall In the price of silver. PRICE OP GOLD. LONDON. H*y *». The price of gold is Quoted atM« HM • flue ounce.

GOVERNMENT SBCURITIES. LONDON, Hay 80. The following are the latest quotations for GoTomment securities, compared with the prices ruling on May 15th: — , Last weekThia week. £ s. d. t $. a, Consoli ' '■'»'. 65 10 0 56 10 0 Funding. ■ Loan, 41 • , jus., 1980-90 .. 90 2 6 00-10 0 WarLoari. 5 P.e™ . ,- 0 1929-47; ;.... ite 0 0 102 0 CqnTersion Loan; 31 78 10 0 78 10 ■ 6 Victory -' Pond*, , 4 - v ,, p%e. /. -»' '..",■•.: ; -84: r 6 94 10 0 Oommonwealtti, • .6 ■' r * p'.e.,- 1945-75,:".. • 90 17 « 90 6 6 Oojamonveattlu ,. o i'p,e.,<1031i41 '.»• 99 1. 6 99 -f\ ■* New Squtli .Wales, • i j,'-;;"j* ! .»,- " : 98.vl6; \p:} :j.;»2 ; ;.$7 ; New South'-WalesJ ■"* .» p.c.;-l*38 .* . 84 10 0 84 7 6 Nete, 'iSbatlfeWales ' i e»/..ip.- : o 69 '0 0 New South Wales, &i pc.; 1938-82 "98 0 0 97 17 9 New South Wales, 61 p.e. 1930-40. 100 0 0 100 5 0 New- JSooth, Wales0. .6, p.o,, 1930-40 97 7 e 97 0 Victoria, 8 ' ; p.c* • 1629-49 '.. 65 5 0 65 10 0 Victoria 31 P.c, -. >'• 1939-49. ... 65 10 0 68 10 0 Victoria Si p.<S, ; 1930-40 : ;•... 96 16 0 96. 15, 0 Victoria, 6 p.e., 1983*4* ... T" 6 •8 0 0 Victoria, 4J p;bv - ma>Q0v. -..,. 84 10 0 84 10 0 Queensland, 81 px , 1930 100,15 0 101 V o Queensland, 8 p.e., 1922-47 68 5 0 64 16 6 Queensland, 0 p.e., - 1980-40 89 0 0 98 12 6 New Zealand, 41 p,e.,1918-58 .. 98 17 6 ,94 7 6 New Zealand. 8} p.e, 1940 .. 89 13 « 89 18 9 New Zealand, S p.e., 1945 79 15 0 80 0 0 New Zealand, 6 p.o.. 1936-51 ..105 S 8 105 17 6 South Australia, 81 p.e., 1939 82 12 6 82 15 0 South Australia, 8 p.e., 1916 or after. .. 52 10 0 52 0 0 8outh Australia. 61 P.O., 1980-40 99 16 8 100 0 0 Tasmania, 81 p.e., 1920-40 81 18 0 81 10 0 Tasmania, 8 p.e,. 1920-40 81 0 0 81 0 0 Tasmania. 61 p.e., 1930-40 100 12 6 100 10 0 West Australia. 81 p.o., 1930-85 .. 88 0 0 87 10 0 West Australia, 8 p.o., 1915.35 .. 85 6 0 84 10 0 West Australia. 0 P.O., 1980-40 .. 99 10 0 99 15 0

(BwKfod May 80th. 8.80_p.m.) LONDON, May 36. May 80. Slay 39. (per ton.) (per ion.) Capper— i ». a. * a d Standard, spot . 54 0 8 53 18 9 Standard, forward 54 8 9 £4 18 Eleotrolytio 60 10 0 60 10 0 to 61 10 0 61 10 0 Wire bars ... 61 10 0 61 10 0 LeadSpot .. .. 18 3 6 18 0 0 Forward .t •• 18 3 6 W \ 8 8pelter— Spot .• m. 16 IS 0 W 16 10 Forward •• .. 17 10 0 17 8 9 TinSoot 141 18 9 141 a 9 Forward .. 8:*lv(!r— 0X 9 J — — 143 18 0 148 8 9