FRUIT FOR THE EAST

New Zealand Herald, Volume LXIX, Issue 21378, 30 December 1932, Page 3

FRUIT FOR THE EAST

NEW ZEALAND AND JAPAN RESTRICTIVE REGULATIONS Negotiations iire proceeding between the New Zealand Government and the Japanese Government with a view to the removal of certain '.regulations which exist in Japan, and which have the effect of preventing Japanese ports being used as clearing centres for fruit from New Zealand. New Zealand fruitgrowers have been endeavouring to build up an export trade with China and other Eastern countries, but the Japanese regulations have had a restricting effect. New Zealand is now awaiting a reply fr<j/m the Japanese ernment.A similar difficulty existed for some time in regard to Australia, where quarantine regulations restricted the transhipment of pears and apples to the East, but as a result of representations by the New Zealand Government the restrictions were removed. The Commonwealth authorities have expressed their willingness to assist New Zealand as far as possible. THE LONDON MARKETS QUOTATIONS FOR METALS TIN SLIGHTLY LOWER (Received December 29, 7.45 p.m.) LONDON, Dec, 28 Following are to-day's quotations on the London metal market, compared with | those of December 21:— Dec. 28 Deo. 21 Per ton Per tcii £bd £ 6 d Copper, stan,, spot .. 28 11 3 28 4 4§ Copper, stan., Smos. .. 28 18 9 28 5 7i Copper, electrolytic .. 33 15 0 33 15 0 to to 34 5 0 34 5 0 Copper, elec., wire fcara 34 5 0 34 5 0 Lead, soft, spot ~ 10 15 0 11 1 3 Lead, soft, forward .* 11 3 9 11 8 9 Spelter, spot . j si 15 8 9 15 6 3 Spelter, forward 15 8 3 IS 6 3 Tin. - statu, spot tt 148 8 9 148 17 6_ Tin, stan., 8mo?~ » 143 17 6 150 3 9 - BUTTER MARKET QUIET INFLUENCE OF HOLIDAYS The London dairy produce market is quiet, owing to the holidays. Only one or two Auckland agents have received reports from London since Christmas Eve. The New Zealar d Loan and Mercantile Company, Limited, was advised yesterday as follows by its London house: —Butter, 84s. Cheese: White, 51s; coloured, 575. The market is very quiet. Owing to the holidays these levels are practically unchanged. " DISORGANISED SELLING " " The reason for the low prices of dairy products in London is that organised buying is operating against disorganised selling," said Mr. J, Russell King, general manager of the Producers' Distributing Society of Sydney, recently. Stocks of butter in* London, ha states, are no higher than they were a year ago, in spite of the enormous increase in world production. The margin between Danish and New Zealand , and Australian butters of 40s a cwt. proves, to him that there are other influences s>t work on the London market than the usual laws of supply and demand. AUSTRALIAN PRODUCE (Received December 29, 7.45 p.m.) SYDNEY, Dec. 29

Quotations on the Sydney produce market are:—Wheat: The market is unchanged over the holidays. Bulked is quoted, buyers 2s 7-fd, sellers 2s 8d; bagged, buyers 2s sellers 2s Bd. Buying limits for shippers' or growers' lots are. 2s 7£d for bagged and 2s 7fd for bulked, ex tracks, Sydney, which is equivalent to 2s Ojd for bagged and Is llfd for bulk lots at country stations. Flour, £9 ss; bran, £4 15s; pollard, £5 10s; potatoes, Tasmanian, to £Bj local, £4 to £5 10s; onions, Victorian Globes, to £7: oaten hay, £7; maize, yellow, 5s 8d; white,, to 5s 6d.