TRADE OF AUCKLAND.

New Zealand Herald, Volume LXVIII, Issue 20900, 16 June 1931, Page 5

TRADE OF AUCKLAND.

WHOLESALE AND RETAIL. SEVERAL SHIPMENTS ARRIVE. PRODUCE MARKETS REVIEW. Many merchants have been busy ever the past day or so taking fresh stocks into store from vessels which arrived from Australia, Pacific Coast ports, the United Kingdom and the South within a few hours of each other. The Niagara, from Vancouver, brought, with tho miscellaneous cargo, 8010 sacks of wheat, 012 sacks of flour, 264 cases of wifeless sets and a big cargo of tinned fish. The Ruahine, from the United Kingdom, brought a very mixed cargo, the principal items of which were 17,840 bags of basic 6lag, 1800 bags of potash manure, 4800 bags of sulphate of ammonia, and 3200 bags of ground phosphate. Tho vessel also brought galvanised wire, woollen and cotton goods, machinery, white lead and dates. The Karepo, from South Australian ports, brought a big shipment of dried fruits and canned peaches and pears. The vessel also brought 4871 sacks of barley, 1638 bags of salt and 1749 sacks of pollard. Merchants, generally, are experiencing the usual quiet trading period, which can be expected at this time of the year. Plain foodstuff linos continue to meet a steady sale. Tho Tofua yesterday took a cargo of merchandise to the Islands. Very few orders havo been placed for tho next direct steamer from the East, buyers holding off in anticipation of a fall in quotations for many lines. WALNUT M'EAT. The last shipment of Chinese walnut meat (shelled walnuts) to arrive under the "all risks" insurance cover has como to hand and. ns a result, no more is likely to bo imported this year. There is a heavy and growing demand for this article. TAPIOCA. Latest cablegrams from the East advise a filightly firmer tendency in the market for tapioca. CANNED PINEAPPLES. The Eastern market for canned pineapples shows an all-round firmer tendency. PEPPER. A further slight decline is advised in tho Eastern market for pepper. WHITE LEAD. Latest quotations for white lead show a reduction of 30s a cwt. Ample stocks are held on tho spot. , AUSTRALIAN PRUNES. Last week importers were advised that stocks of Australian pruneß were not heavy and that only 60-70's and 70-80' a would be available for the rest of the season. Later advices, however, state that a small quantity of larger sizes, 40-60's and 50-GO's, are now available. DESICCATED COCONUT. The market for desiccated coconut continues to decline and a further fall of Is 3d a cwt. is announced. Prices are on the lowest levels for many years. RESIN. The market for resin continues to fluctuate. Latest cablegrams from exporting centres show a slight decline in prices. BARCELONA NUTS. Shippers advise an advance of 2s a bag in quotations for Barcelona nuts. SICILY ALMONDS. A further slight fall is announced in shippers' quotations for Sicily almonds. BRAZIL NUTS. Quotations for best Para Brazil nuts have been advanced 4s a cwt. TEA. Latest cablegrams from Colombo advise that there is an -active demand for common teas at lower rates. The market for medium teas is very firm. Good teas are inclined to bo dearer. SICILY FILBERTS. Quotations for the new crop of Sicily filberts for September-October shipment show u reduction of Gd a bag. CURRANTS. Shippers advise a, slight reduction in quotations for Amalia currants. CRYSTALLISED CHERRIES. Quotations for new season's French crystallised cherries show a reduction of }d a lb. Quotations for old season's are also easier. French glace cherries arc quoted at slightly lower prices. RICE. Tho market for rice holds very steady. Orders for shipment on the July-August steamer from tho East are not coming in very freely, buyers preferring to wait until nearer tho sailing date in the hope that prices will fall COFFEE. World stocks of coffee at May 1 were estimated at 27,724,000 bags, oompared with 29,729,000 bags at thr corresponding date in 1930, and 14,939,000 bags in 1929.

POTATOES. The market for potatoes continues weak, with prices on low levels. A few contracts made early in the season nre still being worked off, but these should finish at the end of the month. Ample stocks appear to bo available in the South. Through store, Auckland, merchants ask around £4 10a to £5 a ton. ONIONS. Stocks of onions are low in Auckland and quotations are very firm, with merchants asking up to 189 a cwt. for good quality samples through store. A shipment of Victorian onions is due here next week. WHEAT. Good whole fowl wheat sells through Auckland 6torcs at around 6s 9d a bushel. A certain amount of under-grado wheat is still available at lower prices. OATS. The market for oats is quiet. B Gartons sell through Auckland stores at around 3s lOd a bushel. A Gartons sell at around 4s Id a bushel. CHAFF. The Kaimnriawa brought a further shipment of chafl from Picton yesterday. Through store, Auckland, merchants ask around £7 6s to £7 15s a ton. BARLEY. Machine-dressed Australian barley continues to sell through Auckland stores at around 4s a bushel MAIZE. The market for maize holds very firm. Through store, Auckland, merchants ask around Gs Bd a bushel. BRAN AND POLLARD. The market for bran and pollard is unchanged. Ample stocks are held in Auckland. UNITED STATES MOTOR INDUSTRY REPLACEMENTS LONG OVERDUE. There is an enormous potential demand for motor-cars iti the United Stutos, according to the American Automobile Association. This potential demand is based on industrial and private car replacements now long overdue. In a total registration of about 28,000,000 cars in tho United States, the report states, somo 8,000,000, or 28 per cent., were bought prior to 1925, and have a rated value of less than 25 dollars (£5) per car.

BUSINESS IN AMERICA. "Those who predicted earlier in the year that the business recession in the United States was gradually approaehinp bottom, and that a measure of recovM'y could be expected some time during the subsequent- few months, have 60 fnr had no reason to alter their views," states the Guaranty Trust Company of NewYork in its current survey. "In fact, actual developments and reports issued during this month not only offer support for tlioso earlier opinions, but also present the most encouraging signs in some time."-