TRADE IN AUCKLAND.

New Zealand Herald, Volume LXIX, Issue 21232, 12 July 1932, Page 5

TRADE IN AUCKLAND.

RETAIL AND WHOLESALE.

FAIR BUSINESS CONTINUES.

PRODUCE MARKET REVIEW. Fair business is being maintained in tlie distributing trade in tho city and n. fillip is being provided by tho brighter outlook in overseas conditions. Markets abroad arc showing little fluctuation, but although some forward business is passing there is a general tendency to order for immediate shipment. As a 10sult Christmas buying is likely to be delayed for somo time, -while a few lines aro likely to bo dropped altogether in somo quarters owing to their poor sale last year. Activity in tho produce market has slackened considerably. Potatoes are fairly steady at tho moment, but stocks recently produced aro dwindling and with tlie short arrivals now coming forward a hardening in tho market is expected to follow. OIL OF LEMON. The market for oil of lemon is considerably weaker, and although most buyers havo covered. requirements well ahead, 'somo interest 13 being displayed iti otio or two quarters. ALMONDS. Very little interest is being taken in llio low prices now being named for new eiop Jordan almonds. Sicily almonds aro also on oiler at attractive rates. FIGS. Prices for Christmas drums of Mediterranean figs aro being named at the fcamo rates quoted for last year's business. GREEK CURRANTS. A reduction of Is 3d a cwt. is announced in Greek currants, new crop supplies, Cella-phone-packed Christmas lines are being quoted iid lower than last year's rales. OLIVE OIL. Further reductions havo taken place in quotations for olivo oil. POTATOES. Stocks of potatoes are lower and with a light shipment of about 1600 sacks by tho Wingatui, w)»ch is to be followed by another short shipment by the Waipiata next week, the market is expected to firm. Yesterday business was done, ex wharf, around £7 15s a ton and values through store were around £8 5s to £8 15s a ton, according to quality. Farmers in the South Island aro reported to be holding very firmly and supplies are limited. ONIONS. Tho first of the Japanese oniona is expected, via Sydney, to-day. Larger consignments are to follow later. Tho initial arrivals are expected to go out at around 183 a case, but the effect on the price of locals will be dependent upon quality. Pukekohe growers are still holding firmly and these onions, throifgh store, are worth around 18a Gd iv cwt. FOWL WHEAT. The market for fowl wheat remains unchanged at last week's rates. Values through store range from Gs 3d to Gs 5d a bushel. MAIZE. Slightly easier conditions exist in the maize market. New season's continues to bo offered a little more freely and is worth from 5s 3d to 5s 6d a bushel through store, Auckland. Ample stocks of imported are still held, and the value of these is around 5s 9d to Gs a bushel. OATS AND CHAFF. The demand for oats is quiet without alteration in rates. Inquiry for chaff is below expectation. A small parcel came forward- from Australia by the Kiwitea. The price, through store, remains at £l 15s a ton. BARLEY. A steady demand exists for Australian feed barley, which continues to 6ell from 4s 3d to 4s 6d a bushel for clipped. Further supplies have just landed from Australia. BRAN AND POLLARD. The demand for bran is being principally met from loctil supplies, the mills' price of which is £4 I.os a ton. Australian is also available from merchants at around £6 10s a ton through store. Some difficulty still exists in securing full requirements of pollard from the mills. Small quantities are coming forward from the South Island and a parcel has recently arrived from Australia, but further importations from tho latter source are unlikely at tho moment owing to the high rates ruling. The mills' nrice remains steady at £G a ton. and for Australian merchants are asking £6 10s to £G lus a ton.

COAL NEAR DARGAVILLE

SEVERAL SEAMS LOCATED

[BY TEI.EGRAFIT. —OWN CORRESPONDENT.] DARGAVILLE, Monday.

A seam of coal, stated to be 14ft. thick, has been located on a property at Tangowalrine, about seven miles from Dargavillo, and a-quarter of a mile from the railway. An option has been secured by a party of Hikurangi miners, who have put down several bores on the property. On the oilier side of the same hill another seam was struck on the farm during water-boring operations. Seams have also been located 011 a property about a mile nearer Dargaville. A seam is being successfully worked 011 the co-operative principle by a number of former Hikurangi miners at Avoca, and a good local and district trade has been worked up.

WOOL TRADE REVIEW. FIRMER LONDON PRICES. LONDON, July 10. The London representative of the Australian Wool gro were' Council, Mr. W. P. Devereux, reports:—Well-sustained consumption from Yorkshire, the encouraging result at Lausanne and the changed financial outlook, owing to the reduction in money rates in Britain, have all combined to bring greater confidence in tho London wool sales, which, since the opening, have continued active, with prices hardening.

PEDIGREE CATTLE SALES. WAIKATO COMBINED BREEDERS. [FROM OUR OWN CORRESPONDENT.] HAMILTON, Monday. The annual meeting of the Wnikato Combined Breeders' and Auctioneers' Association was held to-day. In his annual report, the president, Mr. A. 11. Clement, said that good progross had been made as far ns the pedigree bull sale was. concerned. This had been one of the leading etud stock sales in the Dominion. The entries for the last sale numbered 538 bulls, which, considering the times was a splendid result. Mr. Clement regretted that the female sale had not proved a success, although the association this year had decided to make it a lieifer sale, with the object of encouraging entries. Since the last annual meeting the Combined Breeders' Association had paid the Agricultural and Pastoral Association £220, which included a sum which was duo the previous year. The statement of receipts and expenditure showed that receipts totalled £283, and that tho association had a credit balance of £37. The report and balance-sheet were adonted. Tho election of officers resulted:—President, Mr. A. H. Clement: inspection committee, Messrs. F. S. Veale, G. Whewell, and the inspector of ihe stock department. Entries totalling 372 were received for the annual sale on July 21, 22 and 23. It was stated that numerous entries had yet to como in. PUKEKOHE produce. [from our own correspondent.] PUKEKOHE, Monday. A slight fall in price is shown for new season's oniqns, which now range about 17s fid per cwt., f.0.r., Pukekohe, as against 18s fid per cwt. last Monday. Autumn-grown seed potatoes are etill selling at 8s 6d per cwt. Prices for other locally-grown produco arc as follows:—Cnbjmges, 4s a largo sack: Cauliflowers 7s fid a large sack; carrots, 2s a sugar bag; parsnips 2s Gd a sugar bag; celery, OCI0 C 1 a bundle; pumpkins, 7s Gd per cwt.; horse carrots, £3 a ton; Jerusalem artichokes (seed), Gs a cwt.