FRUIT EXPORT TRADE

New Zealand Herald, Volume LXX, Issue 21401, 27 January 1933, Page 5

FRUIT EXPORT TRADE

% CANTERBURY PROSPECTS RECORD • SEASON EXPECTED It is anticipated that Canterbury's fruit export this season will exceed all records, according to the manager of the Christchurch branch of the New Zealand Fruit Growers' Federation, Mr. C. G. Wilkinson. "About two months ago a hailstorm did a certain amount of damage in Canterbury, in consequence of which it was feared that the growers concerned would be involved in some loss," said Mr. Wilkinson, "but; fortunately, the hail marks have since grown out. and there should be little, if any, loss from this source. Two years ago Canterbury exported 29,000 cases of fruit, this being the largest quantity exported up to that period. Last- year, however, owing to prolonged dry weather, the number of cases sent overseas dropped to about 13,000. This year space has been booked for about 43,000 cases of apples and 4500 cases of pears. Not only will the season be an excellent one in regard to quantity, but it will also be excellent in regard to the quality of the fruit." In regard to the industry in the Waimate district, Mr. Wilkinson said that so far growers there had not exported, having contented themselves with sending their produce to the local markets. The indications were, however, that they were becoming more interested in the export trade, and it would not surprise him if they were exporters in the near future.

. According to information he had received from the south, Mf. Wilkinson added, there was likely to be a huge crop of apples in Otago, the season being a splendid one. Last year, owing to frost, the export was reduced to about 23,000 cases, but it was probable that the figure this year would reach about 100,000 cases.

FORK AND BACON 1 PRICES LONDON MARKET STEADY [from ot;r own correspondent] HAMILTON. Thursday The Ntew Zealand Co-operative Pig Marketing Association, Limited, Hamilton, has received the following cablegram, dated January 23, from its London representatives:—"Porkers, light and medium, 6^d; heavy and large, sjd. Baconers, nominally, sd. Market steady."

HIS MAJESTY'S ARCADE

ANNUAL MEETING HELD The annual meeting of His Majesty's Arcade and Theatre Company, Limited, was held yesterday, Mr. F. Kneebone, chairman of directors, presiding. The report and balance-sheet, a summary of which appeared in the Herald on January 20, was adopted, dividend payments at the rate of 5 1-5 per cent per annum on preference shares and at the rate of 6 per cent per annum on ordinary shares being confirmed. Mr. C. H. Atbotl was re-elected a diredtor.

GOLD AND SILVER ,

QUOTATIONS IN LONDON

LONDON, Jan. 25 Gold is quoted to-day at £6 Is Ijd au oz., compared with £6 Is 7d yesterday. Silver is quoted at 17 l-16d an oz. spot and 17 l-Bcl forward, compared with 17 l-8d and 17 3-16 d yesterday. PETROL FROM EUROPE DISTRIBUTING LORRIES [ffom our own correspondent] PUKEKOHE, Thursday Two 600-gallon tanker motor-lorries were completed at Pukekohe to-day for the associated motorists' company which has been formed to import and distribute in New Zealand petrol from Russia. The company has installed bulk holding tanks at Auckland, Wellington, Lyttelton and Dunedin in readiness for the* arrival of the petrol, the first shipment of which, some 8000 tons, is due in the latter part of February. It is being brought by the British oil tanker Oil Reliance, which was chartered for the purpose. The lorries are to be used to distribute the petrol in the Auckland district. WHEAT IN AMERICA (Received January 26. 5.5 p.ru.l CHICAGO. Jan. 25 Wheat.—May, 48 1-8 cents a bushel; July, 48 3-8 cents; September, 49 1-8 cents. The New York quotation for cash is 57 3-8 cents. BRITISH WAR LOAN (Received January 26, 6.5 p.m.) British Wireless RUGBY. Jan. 25 The 3i pgr tent British war loan is quoted to-day at, £99 17s 6d, compared with £9B 8s 9d yesterday. TIN IN NEW YORK NEW YORK, Jan. 25 Tin (standard), January delivery, is quoted to-day at 22.50 cents a lb., compared with 22.40 cents yesterday.