TRADE IN AUCKLAND

New Zealand Herald, Volume LXIX, Issue 21328, 1 November 1932, Page 5

TRADE IN AUCKLAND

RETAIL AND WHOLESALE OVERSEAS MARKETS ADVANCE ONIONS IN GOOD SUPPLY A steady tone cont'nues in city trade, but the influence of sterling fluctuations is being felt so far as overseas markets are concerned. Most foreign markets have registered advances, and generally prices are expected to rise further. Arrivals have been substantial since last week, and considerable quantities of early Christmas lines are now coming into store. The chief cargoes to hand during the weekend were those by the Ilauraki, from Pacific Coast, and the Niagara, from Vancouver. Large supplies of dried fruits were landed by the Ilauraki, while the Niagara brought a wide assortment of general cargo, including onions and apples. Onion shipments were also landed by the Ilauraki and Golden Cloud, and with these arrivals there are now ample available to meet all requirements. Potatoes are short and values are firmer. Shipments from the South Island have now practically ceased, but the demand has not completely swung over to the new crop from Pukekohe. DESICCATED COCONUT A firmer tone continues in the market for desiccated coconut, with prices moving upward. Tho stronger trend is reported to he due to the operations of the Indian importers, who have been buying the nuts extensively. ALMONDS A substantial advance of 14s a cwt. for new crop Sicily almonds is announced by one shipper. Ground almonds have also been advanced by us a cwt. CLOVES The demand for cloves is improving with the approach of the pickling season. Shippers' quotations are firmer, an advance of id a lb, being reported in tho Zanzibar variety. SMYRNA SULTANAS Firmer prices are ruling for Smyrna sultanas and the market is reported to possess a distinctly upward tendency. FIGS The shipment of new season's figs from Ihe Mediteranean is due in Sydney on November 2-1 by the Gaasterkerk. The quality of the shipments is reported to he better tins year. DATES Prices are being mimed for new season's dates for November shipment from Busra and these have registered an advance on the rates secured for direct shipment, to Australia. The market is reported firm, with an upward tendency. PRUNES An advance of la a. cwt. is being named by one shipper in quotations for new crop prunes for March shipment. Substantial quantities o( fruit have been landed thi3 week. TEA Latest advice from Colombo indicates that tho tea market is active and advancing. The quantity to be offered at the next sale is small. AUSTRALIAN RICE Supplies of Australian rice for shipment from Australia have been exhausted and merchants will have to rely on importations of Burma rice, dressed in Australia. Quotations for Rangoon rice for November shipment are very favourable, hut owing to tho risks of weevil little interest is usually taken in this sailing. TOTATOES Southern shipments of potatoes to the Auckland market have practically ceased, only a few arriving by the Waipiata. The shortage has been followed by a firmer movement in prices, which recently have shown most merchants a loss. What stocks are available require picking over, with a consequent increase in value. Through store they are now worth around £8 10s to i' 9 a ton. New season's potatoes are coming in more freely. The value at Pukekohe is nominally 17s f>d a cwt for best. Through the auctions yesterday values were a littlo easier, at 33d to 2d a lb., according to quality. ONIONS The onion market is well supplied, following arrivals from Canada by the Golden Cloud, the Hauraki and the Niagara. Tho depreciation of sterling has increased landed costs, but the extra is being mostly absorbed by merchants as far as sales mado are concerned. Through store prices range from 18s Gd for bags to li)s for cases. MAIZE Tho market for maiee shows signs of improvement, and an advance in prices is expected. Through store prices range from 5s 2d to os 3d a bushel. A small shipment of South African crushed maize is due toward tho end of the month. Spot stocks are available at 4s Gd to 4s 9d a bushel. FOWL WHEAT Users have expressed satisfaction with the quality of the Australian fowl wheat recently imported. Stocks are practically exhausted, with values ruling from ss_ 9d ex ship to Gs to Gs 2d ex store, subject to discount. Quantities of New Zealand are available around the same rates, with reduced values for undergrade linos, according to quality. AUSTRALIAN BARLEY Ample spot stocks of Australian barley are available, ancl no further importations are being made in the meantime. Values are steady. OATS AND CHAFF Quiet and unchanged conditions exist in the market for oats and chaff. Feed oats are worth 4s 2d a bushel, and chaff is unaltered at i'B 10s a ton. BRAN AND POLLARD Importations of Australian bran and pollard are being reduced and the local mills are now able to cope with tho demand, which has shaded following tho recent good growth of feed. There has been no movement in prices. WILSONS (N.Z.) CEMENT USUAL INTERIM DIVIDEND The directors of Wilsons (N.Z.) Portland Cement, Limited, have declared an interim dividend for the half-year ended September 30 of Is a share. The dividend, which is at the usual rate, is payable on November 28. LONDON DAIRY PRICES PRODUCE BOARD'S REPORT The New Zealand Dairy Produce Board ha.s received the following market report from its London office, dated October 23, prices for the previous week being given in parentheses:— Butter. —New Zealand: Salted, 96s to ]o6s (102s to 110s) ; unsnlted, 108s to 110s, ex. 112s (108s to 112s) ; 96s to 106s equals approximately 9 7-8 d f.o.b. Deliveries: New Zealand, 970 tons; in store, New Zealand, 3400 tons. Australian: Salted, 94s to 965. ex. 97s (97s to 100s) ; unsnlted, 96s to 102s (99s to 104s). Deliveries Australian, 1135 tons; in store, Australian, 925 tons. Tho market is steadier at the lower prices. Argentine, unsnlted, 88s to 90s, ex. 94s (88s to 92»5) ; Danish, 105s f.0.b., 120s spot (995, 116s 118s) ; Dutch, unsalted, 120s to 122s (120s to 1225); Latvian, 92s to 945, ex. 96s (92s to 975); Siberian, 88s to 89s (88s to 90s) ; Lithuanian, 92s to 94s (92s to 945). The market is slow. Retail prices are unchanged, Danish being Is 2d and New Zealand, Is Id. Choese.—Now Zealand : White, 6bs to 675, equals 6jd f.o.b. (64s 6d to 655) ; coloured, 59s to 60s, ex. 61s, equals s||d f.0.b.(59s to 60s). Deliveries: New Zealand, 13,689 crates; in store, New Zealand, 33,622 crates. South Africa: White, 59s to 61s (61s to 63s 6d); coloured, 54s to 57s (54s to 58s), Canadian: White and coloured, 68s to 69s (67s to 68s) ; c.i.f., b7s (675). English: Finest farmers', 96s to 100s (96s to 100s). The market is firm. Retail price of New Zealand is 9d. The board has also received the following advice from its agents in Canada: — Mutter: New York, cents; Montreal, cents. Joseph Nathan and Company, Limited, has received the following cablegram from Trengrousc and Nathan, Limited, dated October 29:—Butter: New Zealand, finest, 104s; first, 96s to 975. The market is steadier. Cheese: The market is practically cleared; nominally white, 675; coloured, 603..