TRADE IN AUCKLAND.

New Zealand Herald, Volume LXVIII, Issue 20978, 15 September 1931, Page 5

TRADE IN AUCKLAND.

RETAIL AND WHOLESALE. RUMOURED EXCHANGE INCREASE PRODUCE MARKET REVIEW. With the depletion of many staffs by influenza and the flutter caused by the rumoured increase in the rate of ex-' change, conditions in business circles have been somewhat disorganised during the past few days. The week opened fairly quietly yesterday, but an improvement is looked for now that next month's orders are beginning to come in. The announcement of an increase in the rate of exchange, which emanated from Christchurch at the end of last week, caused a mild stir in commercial circles on Saturday morning, and resulted in many firms hurriedly transferring funds to both Australia and London. Since, there has been a reaction, and indent houses are having a quiet time. Activity on the waterfront has also lessened considerably, with a clearance of last.week's arrivals and the departure of the Rangitano for London. The only overseas arrival during the week-end was the Morinda with Norfolk Island cargo. A full shipment of South Island cargo and produce is expected to-day by the Wingatui. AUSTRALIAN RICE. Reports from Australia indicate that there has not been any material change in the market for rice during the past month. Buoiness is still being done for delivery within the next three months. JAPANESE SEEDS. Recent advice from Japan states that the price of hemp seed has advanced considerably, but there has not been any change in the price of other seeds. Millet seed of all varieties is now very cheap. ALMONDS AND NUTS. Quotations for new season's Barcelona nuts for prompt shipment have been advanced 3s 6d a cwt. Prices for Jordan almonds, which have fluctuated erratically during the last few weeks, have declined £2 10s a ton for October shipment from Spain. Most of the business, however, has already been covered. COFFEE. Quotations for all descriptions of coffee are at the lowest level for very many years, and it is stated in authoritative quarters that owing to the accumulation of stocks in the producing countries there does not seem to be any prospect of an advance in the market in the near future. Some descriptions of coffee are now being offered at much under the costs of production. SPICES. Following on reports of an increased demand for supplies for shipment to the United States, prices for chillies for forward delivery are reported to have advanced considerably, and as the new crop of chillies is now ready for shipment it seems likely that the advance will be maintained. Prices for'all other descriptions of spice are now at a very low level. The first ship nients of new season's cloves will bo coming to hand shortly. POTATOES. Owing to the short shipment from the South Island last week, the market for potatoes has been a little firmer, and they were worth around £4 10s a ton through store yesterday. On to-day's standards a fairly substantial shipment of about 7500 sacks from Lyttelton and Timaru is arriving by tho Wingatui to-day. Under the circumstances, the price may ease a little, but owing to the fact that the supplies are coming to a fairly short market, and .will not become fully available until after the 20th, it is expected that they should go off fnirly well. Values in Christchurch are unaltered at 32a Gd f.0.b., s.i., and 15s a ton to farmers. ONIONS. There is still some dealing in Victorian onions at around 9s a cwt. Arrivals of Californians are now becoming larger in volume and more frequent. These are having sale at around 16s 6d a bag. OATS. The market for oats remains very quiet. Feed oats are worth around 3s 8d a bushel. CHAFF. The demand for chaff remains easy. Good efocks are held. "What little business is passing is taking place at from £7 5s a ton ex wharf to £7 15s a ton through store. BARLEY. Stocks of Australian barley are good, and business continues- at around 4s a bushel for clipped and 3s 6d a bushel for undipped. MAIZE. Business in mnize remains fairly steady, and advantage is being taken of the reduced quotations recently offered by Gisborne growers. Business is being done in Auckland at around 5s Cd a bushel. BRAN AND POLLARD. Thero has been no alteration in the local prices for bran and pollard, which remain at £6 a ton for pollard and £5 5s a ton for bran. Steady shipments of Australian pollard hnve been arriving, and business is being done at slightly under local parity. Late quotations from Melbourne for shipment f.o.b. are: Bran £3 15s, and pollard £4 ss, with advices that pollard.is in short supply owing to a very heavy demand in Australia. NEW COMPANIES. SOUTHERN REGISTRATIONS. Tho following private companies have been registered in Southern centres: — Tyre Distributors, Limited, Wellington, manufacturers of and dealers in all kinds of rubber goods, in particular rubber tyres and motor accessories, etc. Capital, £SOOO, in £1 shares. Subscribers: K. -G. Killoh, 2499 shares; L. W. Killoh, 2201 shares; Vera M. Killoh, 300 shares. Electric Elements, Limited, Christchurch, electrical engineers and manufacturers, etc. Capital, £SOOO, in £1 shares. Subscribers: H. W. Atack, 2760 shares; C. Chrystall (Sydney), 1000 shares; W. S. Clayton (Sydney), 940 shares; H. G. B. Brant, 200 shares; H. W. Stamler, 100 shares. Robertson, Mcßeath, Limited, Dunedin, printers, stationers, bookbinders, lithographers, etc. Capital, £3OOO, in £1 shares. Subscribers: C. C. Robertson and J. A. Mcßeath, 1500 shares each. W. Casey and Son, Contractors, Limited, Dunedin, cartage contractors, general carriers, warehousemen, etc. Capital, £3OOO, in £1 shares. Subscribers: W. Casey, 2000 shares; . J. A. Casey and Theresa Casey, 500 shares each. London Fur Company (N.Z.), Limited, Wellington, fur and skin merchants, etc. Capital, £2OOO, in £1 sliares. Subscribers: P. J. G. McGrath (Sydney), 1999 shares; 11. Avya (Sydney), 1 share. Fred. Fairey, Limited, Nelson, butchers, etc. Capital, £2OOO, in £1 shares. Subscribers: F. W. Fairey, 1996 shares; M. M. E. Fairey, M. F. M. Fairey, W. E. Francois and J. R. Smith,* 1 share each. FRANKLIN JERSEY SALE.' OFFERING OF PEDIGREE BULLS. [FROM our own correspondent.] PUKEKOHE, Monday. Prices ranged up to 50 guineas to-day at the annual sale of pedigree Jersey bulls on behalf of the Franklin Jersey Breeders' Club, which is being held at Pukekohe. The sale continues to-morrow, when a further 109 bulls are to be offered. A total of 111 was offered to-day, and 92 changed hands, the average price being slightly over 13i guineas. The top price was paid by Mr. Noel Stuart, of Puni. Pukekohe, for a yearling bull, Brentwood Cold Sovereign, bred by Mr. C. A. Willis, of Pukekoho Hill. Mr. S. J. Bright, Otaua, paid 40 guineas for another yearling, Winscotte Sultan, bred by Mr, C. F. Bright, Otaua; Mr. G. W. Chipman, Pokeno, 37 guineas for a yearling from Mr. Willis; Mr. A. Benus, Waiuku, 33 guineas for a yearling bred by Mr. F ; . L. Williams, Pukekohe West. In the pedigree of the bulls bringing these prices there were many C.O.R. records.