IN THE CITY.

Feilding Star, Volume II, Issue 513, 26 March 1908, Page 4

IN THE CITY.

Distributing business has been active during the past week, especially in the grocery trade, on account of retailers stocking up many lines, chiefly of American and German origin, which after 31st March, are subject to the extra duties under the preferential tariff. It is said that several of the larger United States manufacturers contemplate the opening of branch factories in Canada, &o as to escape the differential operation of the Act, and there is little doubt that the effect of preference has been to greatly encourage and develop the demand for British manufactures. There is very little change to record in quotations. In consequence of the continuous rise of sugar in Europe, English makers have been compelled to increase their quotations for marmalade and jams. 'The advance of 20s a ton in German beet has oeen reflected in Australia, where the Colonial Sugar Refining Company has put the rates up 10s a ton, and this step is no doubt the forerunner of similar action in New Zealand. Stock-taking and the banking halfyear both usually tend to make the March turnover a restricted one, but, as explained before, these features have on this occasion been offset by the heavier buying on eccouiit of the tariff.— Post.