TRADE OF THE WEEK

New Zealand Herald, Volume LXXI, Issue 21845, 6 July 1934, Page 7

TRADE OF THE WEEK

[ RETAIL AND WHOLESALE FEW PRICE MOVEMENTS PRODUCE MARKET REVIEW Distributing business in the city is proceeding steadily on an unaltered basis. Few movements in prices have been recorded this week, and stocks, with the exception of certain lines of dried Australian and Californian fruits, are normal. The shipping strike and the consequent hold-up of orders at San Francisco has resulted in only nominal interest in quotations from Californian markets. In any case, indent business in general is not expected to exhibit any increased activity until after the appearance of the tariff. CHERRIES Quotations for new season's English drained cherries are now very firm, an advance of id per lb having been advised for prompt 01 forward shipment. It is reported that the crop in Italy has been damaged, apd tliis is probably responsible for the firmer market for the- English-packed article. CURRANTS Owing to the withdrawal of prices for Australian 3 crown currants, merchants have paid considerably more attention to supplies from Greece. Prices for new season's have again been reduced and present rates appear most favourable. Supplies will arrive about November. TEA 'Die quantity of tea offered at this week's auction at Colombo was 2,350,0001b. The quality of up-country estates showed improvement. Thero was a keen demand for :ill grades. Common and mediums advanced id to id. Good teas, wliero quality showed an improvement, advanced id to Id. Exchange is unaltered. Next week's auction will comprise approximately 2,000,0001b.

At the Calcutta sale there was a strong market, without quotable change.

A trade report from Colombo, dated June 8, stated that the eouth-west monsoon had established itself, and it was expected that tho last of the "rush" teas would be marketed by tho end of June. The worst of* the quality had probably been seen, forward musters were particularly brighter, and it was expected that smaller supplies, with improved quality teas from the Badulla district, would be seen during July, when in the normal course of events prices were likely to be established on a higher level. The United Kingdom stocks at' the end of May were rather more favourable at 216,000,0001b., compared with 276,000,00011). at the same duto last year. POTATOES The potato market is amply supplied and there is a slightly easier tone in tho market. Fair quantities are expected during tho week-end, and these will be sufficient to meet all requirements. Values through store are around £6 5s a ton. The wet weather has interfered with business m seed potatoes, but a few fine days should be sufficient to revive the demand. ONIONS Steady inquiry continues for local onionn. which are selling around 6s Cd per cwt. through store FOWLWHEAT The market for fowlwheat is very firm in the South, and holders are not keen to quote, especially for forward delivery. Through store prices range from 4s 9d to 4s lOd a bushel. Very little undergrade in being offered, and the variations do not exceed 2d to 3d a bushel. MAIZE Tho market for maize is steady. Most business is being confined to new maize for forward delivery. Old season's is worth about 4s 2d a bushel through store. BARLEY The recent advance in the market for Australian barley has been maintained, but most merchants have quantities arriving in a week's time. Values through store are being maintained around 4s a bushel for clipped. OATS AND CHAFF The oat market is weak, and even in the face of lessened production the demand is poor. Feed oats are worth around 3s 2d a bushel. Chaff is meeting with a better demand. The best Southern is realising £7 10s to £7 15s a ton through store. BRAN AND POLLARD Bran is unchanged and conditions in pollard are steady. Through store prices are £5 15s and £6 5a a ton, respectively. A slight weakening has developed in the market for Australian pollard, and a fair quantity has been bought to arrive in about a fortnight. Tho current price is around £6 10s a ton. / _____

PRICES OF METALS SHARP RISE IN TIN (Received July 5, 7.35 p.m.) LONDON, July 4 Following are to-day's quotations on the London metal market, .compared with those of July 3:—

DOMINION CEREALS WHEAT AND OATS Returns/of wheat and oats threshed in the Dominion during the period January to May are available. To the end of May 7,852,337 bushels of wheat had been threshed, the average yield an acre being 33.39 bushels. The estimated crop for the whole of the season is 8,500,000 bushels, the actual yield in the px-e----vious year being 11,054,972 bushels.

Oats threshed during tho period amounted io 3,010,108 bushels, an average yield of 45.86 bushels an acre. Tho estimate for the season is 3,200,000 bushels, the actual crop last year being 5,132,183 bushels

KEEN DEMAND FOR PIGS CLAUDELANDS REALISATIONS [from our own correspondent] HAMILTON, Thursday The growing interest of the New Zealand farmer in the export porker and baconer trade was evidenced at Claudelands to-day, when a' remarkably successful sale of pedigree and grade pigs was conducted by Messrs. G. W. Vercoo and Company, Limited, Hamilton. The vendors were Messrs. R Chilcott (Frankton), \V. R. Shattock (Hamilton), P. G. Lindsay (Whatawhata). S Austin Carr (Morrinsville), A. R. Turnwnld (Hamilton), G. D. Porritt (Pukeroro), G. Jamicson (Horotiu), E. E. Halo (Hamilton). F. W. Baker (Horsham Downs), and the Ruakura State Farm. There was a large attendance of buyers f rom nil parts of the North Island, The bidding was brisk throughout. There was keen demand for lines suitable for the production of porkers and baconers. Tamworths proved the most popular breed, and realised the best prices. Fifteen Tamworth boars sold for Mr. Chi£cott averaged Sgns, the best price being 13gns. Mr. Chilcott's Tamworth sows brought up to 16}gns, and averaged lOgns. His Berkshire boars averaged 4}gns. and his Berkshire sows 9 l-3gns. The best price of the sale was 17j?ns, paid by Messrs. Keiller Brothers (To Awamutu), for the Tamworth sow, Pukete Viola, sold on behalf of Mr. G. Jamieson The next best price was lGi}g»s. paid by Mr. W. Ayres (Waharoa). for a Ttimworth sow bred by Mr. R. Chilcott. Other prices realisod were ' as follows:—W. R. Grant. Tamworth boar, 13gns; W. Parsons (Patea), Tamworth boar, 12?gns; W. Ayres, Tamworth boar, 12gns; W. Parsons (Patea), Tamworth boar. 12gns; A. Thirl wall (Matamata), Tamworth boar, llgns.

Grade Tamworth sows were also in keen demand and a line of 40 offered on behalf of Mr. Chilcott ranged up to Bgns.

July 4 July 3 Per ton Per ton £ s d £ s u Copper, stan., spot .. 30 8 9 30 10 0 Copper, stnn., 3 mos. , 30 16. 3 30 18 •Copper, electrolytic . 33 10 0 33 5 0 to to • 34 0 0 34 5 0 Copper, elec., wire bars 34 0 0 34 5 0 Load, soft, spot 10 15 0 10 15 0 Lead, soft, forward . 11 0 0 11 1 9 Spelter, spot 13 17 6 13 15 0 Spelter, forward 14 2 6 14 0 0 Tin, stan., spot 228 7 6 226 7 6 Tin, stan., 3 mos. . . 227 16 3 226 6 3 "American, 9 cents a. lb.