UP GO PRICES

Evening Post, Volume CXXIII, Issue 108, 8 May 1937, Page 8

UP GO PRICES

BUILDING HARDWARE

IRON, WIRE, AND NAILS

(By Telegraph.) (Special to the "Evening Post.")

BUNEDIN, This' Day.

Rising prices of all goods manufactured from metals and difficulty in obtaining supplies of certain ii-on and steel products are reported by importing firms. ■ ' i

A representative of one large firm spoke of the difficult problems being experienced by merchants because of delayed deliveries arid continually fluctuating prices. From first-hand cable information from London it would appear that the present problems of prices and delivery in connection - with the majority of iron and mild steel sections would be with them for at least another two years, he said. Some exporting countries to this market were not quoting for supplies. Representatives .of an American house had also advised that further price increases had taken place, in regard to fencing wire, and ordinary' plain galvanised wire was being quoted for. indent at;' almost double the price of six to nine months ago, consequent on the rise on the English market which imposed extra landed cost beyond the actual price advance. [■-. ■ Corrugated and plain sheet iron have also increased further in price. Corrugated iron has advanced by, £1 10s a ton and plain iron by £2 a ton, the price today representing a rise of about £10 a ton compared with six months ago. [ Practically all lines of builders hardware are showing the satte soaring trend. This is the case particularly in regard to materials made from English metals, the rise, on' foreign articles not being so pronounced. The English price of nails has just advanced and the landed cost is now about £28 a.ton. \ .

Wind-tunnel and other researches are being carried out in America jo obtain data as to commercial stratosphere flying at heights of from 20,000 to 25,000 feet and at speeds of 27!) m.p.h.