COMMERCIAL

Gisborne Times, Volume LXIX, Issue 10914, 4 June 1929, Page 2

COMMERCIAL

APPLE MARKET

HEAVY DEMAND FOR N.Z ERLTT IN Et iIOPE.

United Press Assn, by El. Tel. Copyright

(Australian Press Association.)

LONDON, June 2. Although arrivals of Australian and New Zealand apples hare recently been heavy, the demand has improved owing to the decrease in American supplies, and as the quality of fruit from all States has been generally. . satisfactory, price's have firmed in all markets except Hamburg, which appears to be receiving more apples than can conveniently be handed there.

We have now passed half-way in the Australian and New Zealand season, and the results appear likely to be satisfactory to the finish.

French' cherry supplies have been fairly plentiful, but will he smaller after June 15, when the Government restrictions ca their imports commence. CHEAP AYITEAT. GOWN TO PRE-WAR PRICES. EVEN LOWER LEVEL ANTICIPATED. United Press Assn, by El. Tel. Copyright (Australian Press Association.> LONDON, Juno 2. The Mump in wheat values brought that commodity into the select group of articles which can lie bought wholesale at pre-war prices. Commenting on the situation Investors’ Chronicle says: ‘The belief that still lower prices will he reached is undoubtedly encouraging the decline, for few buy wnen prices are falling. The reactions of the low price for the world’s chief staple food must prove important in duo course and lead to a further cheapening of Hour and bread. Cheap wheat should certainly favor Enroiie as a whole, and will mean in the coming autumn that the amount Europe lias to pay America for grain—an, important factor inttuenemg the sterlmg-dollar exchange rate—will be smaller than has been usual in late years..