TRADE OF THE WEEK.

New Zealand Herald, Volume LXIX, Issue 21146, 1 April 1932, Page 5

TRADE OF THE WEEK.

RETAIL AND WHOLESALE. FINANCIAL YEAR ENDS. PRODUCE MARKET REVIEW. Trade in Auckland since Easter hail boon quietly steady and n ost merchants have been kept fu 1.1 y occup ed with stocktaking and other matters associated with tlip close of the financial \ car. In consequence, storekeepers' rcpleni shnienOs have been confined to essential lines depleted by Easter trade. The recent improvement in the American exchange position ha: been welcomed by merchants arid adjustments in prices have already been made in several quarters. With the improvement in sterling costs will fall and in consequence merchants are particularly attentive to the position and are adopting tl.se policy of small, regular shipments, which they are endeavouring to turn over quickly. SICILY ALMOINDS. A withdrawal of sill prices for new season's Sicily almonds s announced by one shipper. No reason for the withdrawal has yet been received. CONDENSED MILK. Reductions of '2s a case become effective to-duy in New Zealand manufactured condensed milk. TE \. The Colombo tea market lias been closed this week on account of tlie Easter holidays. Auctions will >e resumed on April TOBACCO DIfriTiMBUTION. A new arrangement affecting the distribution of tobacco will come into operation from to-day, all des latches to country storekeepers being freight paid. Previously storekeepers had to jay freight on train oi 1 steamer, Auckland, but in future these I costs are being met by the distributor!!. SOUTH AFRICAN APRICOTS., A shipment of South African apricots arrived via Kyciney thin week and supplies mo now moving out to letailers. The shipment has opened up Li excellent condition. AUSTRALIAN FRUIT. No further advice has been received regarding the Australian dried fruit position, and merchants are still awaiting fulil confirmation of their orders. The response to opening prices was very good and firat arrivals ato expected in New Zealand early next month. EASTERN PRODUCTS. Advice from Singapore this week iitates that the market for sago is unaltered, j Tapioca has ghown ai easing of 3d a cwt. j Fair quality pineapples are unchanged, but first quality I'll) cubes and slices, and 2lb j slices, are being quoted Id lower. The ISar- I bada, which is due to Load at Singapore i shortly, is expected to clear Calcutta early i this month. ! POTATOES. This market is beirig supplied with potatoes from Rangitikei. Quality is good and they are being done at £7 a ton through store. The holidays caused in interruption in the digging of local potatoes and a consequent firming in the' market of IDs a ton. Local potatoes to-day nie worth £ii a ton through store. It is generally expected that supplies from Rangitikei anil near Auckland will meet the demands of the'market for the next three to four weeks. The Southern market remains very firm for forward delivery. ONIONS. The onion market is a shade weaker. The value to day is lis a cwt. through store. WHEAT.. The recent advance in wheat has scarcely been maintained and the price of th>n next shipment, is slightly weaker. Fowl wheat is worth Gh 4d a bushel through store. The forward position is very firm. MAIZE. Local supplies of maiue are almost, ex hausted, and for store stocks the local price is firm at lis 3d to Gs Gd a bushel. Inquiries are being made in both South Africa and Java for supplies to arrive in May. | The prices asked indicate a fairly high j landed cost and it is apparent that maize. ! for some months ahead, is likely to remain I high and firm. I 0 ATS. Spot Blocks of oats are extremely light, j Feed oats are worth 4s od a bushel through | store and A Gartonn 4s 7d. CHAFF. | Good stocks of clir. 5f are held locally, j Prices are unchanged at i!! 3 10s m ton, i through store. AUSTRALIAN BARLEY. ; A shipment of Australian 'barley arrived i this week and is being done at the firm I price of 4s 3d a bushel for clipped,. POLLARD. j The pollard market in Australia is a ; shade weaker and as a result a demand has j arisen for immediate shipments. The price ; on spot is unaltered, merchants Belling i through store at £0 10s a ton. I * BRAN. 1 Prom the local miita brnn is con tintrins I to sell at unchanged prices. Through store i merchants are doing business at .£'(! 10s a i ton. FERTILISERS. I The favourable weather is havirti? the effect of creating a good demand for fertilisers and heavy deliveries of basic slag front the ship's side and superphosphate, etc., from the local works, are taking place.

NEW PRIVATE COMPANIES. AUCKLAND REGISTRATIONS. The following private companies have been registered in Auckland:— Northlands, Limited, io purchase, lease or acquire lands or buildings in t'lifi Auckland Province or elsewhere, and to develop the land by preparing it for building. Capital: £3(100 in £1 shares. Subscribers, Lottie Corbett, 2650 shares; W. R. Pearson, 330 shares. The Northumbcirland Electrical and Manufacturing Company, Limited, electrical, mechanical, motor anc'l general engineers. Capital: £2OOO in £1 shares. Subscribers, A. Atkinson, 1000 shares; W. G. Satcholl, A. R. Griffiths, \V. t,. Jones and M. H. Clark, 250 shares each. Peninsula Investments, Limited, to invest their capital and io deal with shares, stocks, bonds, obligations, debentures or other securities of any body, and to sell such securities. Capital: £2OOO in £1 shares. Subscribers, H. C. I'arnett, 800 shares; H. Harnett, 600 shares; E. Harnett, 400 shares; Mary E. Burnett, 200 shares. Ridge Tyre Remoulding Company, Limited, tyre remoulders, repairers, vulcanisers and rubber merchants. Capital: £ISOO in £1 rhares. Subscribers, G. Y. G. Ridge, L. W. Ridge and H. L. Hawk, 500 shares each.

BUILDING IN SYDNEY. AWAITING A REVIVAL. The expectation of Sydney architects and builders that they would bo able to releaso a lot of work for men of various trades and of the occupations that wait upon those trades is not yet fulfilled. They still have the will, but the opportunity that, was hoped for has no'/ yet arrived. The view first expressed about six months ago, says a correspondent, was that citizens who had arranged to build certain premises should be urged to ci'.rry out, their intention, and that if finances presented an obstacle the architects and builders should co-operate with the investors in surmounting it. The work already planned in architects" offices was stated to aggregate £3.000,000 in value. If this could be put in hand there would soon be a great change in the outlook of business men, as well as of those directly concerned in building. TIN IN NEW YORK. SEW YORK, March 30. Tin (standard) futures, April, are quoted at 21.05 cents a lb. compared with 20.95 cents yesterday.