KAURI GUM EXPORT

New Zealand Herald, Volume LXXI, Issue 21876, 11 August 1934, Page 7

KAURI GUM EXPORT

QUANTITY IN JULY MOST TO UNITED KINGDOM A total of 341 tons of kauri gum, valued at £7229, an average of about £2l a ton, was exported from Auckland last month. This compared with June's figure of 4:31 tons, valued at £12,464, an average of about £29 a ton. Tho export in June was the largest total for a considerable time. Of last month's 341 tons, 237 was sent to the United Kingdom, as against 219 in June, 28 tons to the United States, compared with 80, 25 tons to France, compared with 11, and 21 to Canada, compared with 30. Other countries represented were Australia, Japan and Germany. Merchants state there is still little demand for tho better grade gums. Stocks of lower grade meet with a fairly constant demand, but buying for the most part is conducted on small margins. Kauri gum is used to a large extent in the manufacture of linoleums and it is thought that the falling-off in the demand for this article has contributed to the restriction of the market for kauri gum. The better quality gums, used chiefly in varnishes and paints, have to contend with competition from synthetic products, which are sought for their cheapness, although it is stated their quality cannot compare with the genuine gum. The following table gives the export figures from Auckland for July, showing the countries to which the gum is sent and its value: — Country Tonnage Value United Kingdom .. 2157 £1.178 United States .. 28 1.223 Franco . . •. 25 323 Canada .. -. 21 419 Australia .. .. 16 Japan .. .. 8 Germany .. 6 oJ Totals .. 311 £7.229 FREEZING WORKS OFFER PREMISES AT KAIAPOI [BY TELEGRAPH —PRESS ASSOCIATION] CHRISTCHURCB, Friday An offer to purchase its works at Kainpoi is being considered by the directors of the North Canterbury Sheepfarmers' Co-operative Freezing Company, but the amount of the offer or tho identity of the prospective buvers has not been disclosed, lho matter is to be submitted to shareholders. GOLD AND SILVER QUOTATIONS IN LONDON (Received August 10. 7.35 p.m.) LONDON August 9 Fine gold is quoted to-day at £6 18s Id an oz., compared with £6 18s OJd yesterday. Silver is quoted at 21 7-16 d an oz. spot and forward, compared with 20 15-16 d and 21d yesterday. Tho quotation for silver at per fine ounce is 22£ d, compared with 22 9-16 d yesterday r

Following is a summary of the fluctuation in the price per ounce of fine gold this year:— . .

BRADFORD TOPS MARKET NOW FIRMER LONDON, August 0 Tho Bradford tops market is firmer on tho possibility of a settlement with Germany regarding overdue accounts. Business is quiet, but the downward tendency has been checked, following are to-day's quotations and those of tho three previous weeks: —

Julv July Aug. Aug. 19 2G 2 9 d d d d Seventies (. . 31 . 30 30 30 Sixty-fours . . 28 27 27 -7 Sixties . . 2G 20 -G 26 Fifty-sixes . . 21 21 , 21 21 Fifties . • 15i 15 15 lo Forty-sixes .. 12 12 12 1~ Forties .. 101 101 11

SYDNEY STOCK EXCHANGE YESTERDAY'S BUSINESS (Received August 30, 7.35 p.m.) SYDNEY, August 10 On the Sydney Stock Exchange today there was a marked reaction in Commonwealth bonds, but support for general industrial shares was rather better than earlier in the week. J. rices showed little variation from late rates. This morning's sales included:— Commonwealth bonds, 3,i per cent, 1948, £lO2 17s 6d; 3J per cent, 1943, £104; 3-J per cent, 1047, £IOB 10s - -1 per cent, £lO5 10s; 1941, £lO/ 15s; 1944, £IOB 13s 9d; 1061, £llO 7s 6d. Australian Gas, A shares, £7 19s; Tooliey's Brewery, 27s 3d; Associated News, preference, 235; British Tobacco,- 37s 3d; Colonial Sugar, £64 17s 6d; James Stedman, 16s 3d; Meggitts (ex dividend), 20s; Wilcox Mof-flin,-'lis 7d; Winchcombe Carson, 6d. ■ * . , Later sales included Commercial Bank of Sydney, £l6 15s; United Insurance, £lO ss; Associated News, 21s fid; Howard Smith, 14s 9cl; Australian Gas, A shares, £8; Berlei. preference, 30s; British Tobacco, 37s Gel; Tooliey's Brewery, 27s 3d; Carlton Brewery, 445; G. J. Coles, 46s 3d; Australian Glass, 48s 3d; Goldsbrough-Mort, 29s 6d; Winchcombe Carson, 29s fid; Wilcox Mofflin, lis 8d; Electrolytic Zinc, 26s 6d; Farmers, 20s; David .Tones, 39s ljd; Lustre Hosiery, 23s 9d; Amalgamated Textiles, 10s 9d;- Mount Morgan, 25s IO.Jd; Broken Hill Proprietary, 48s; Kuala Kampar, 16s lO.Jfl; Rawang, 9s 6d; Placer Development, £26 15s; Euratha Gold, 10s 9d. Commonwealth 4 per cent bonds, 1938, £lO5 10s; 1941, £lO7 15s; 1944, £IOB 13s 9d; 1947, £110; 1957 and 1961, £llO 7s 6d. WHEAT, FLOUR AND PULSE LONDON. Auk. 9 Wheat. —The cargoes market is steady. Parcels are steady in tone and there is fair business. Futures— London: September, 26s 3d a quarter; December, 27s Bd. Liverpool: October, 6s 2Jd a cental; December, 6s sf;d; March, 6s 7;|d; May, 6s 9jUl. Spot, buyers are holding off in view of the advance in prices. Australian ex ship, 325. Flour —Firm. Australian ex store, 21s to 21s 6il Barley is held for an advance of 2s to 2s fid; Australian, landed, 30s. Oats liavo advanced Is. Pons—Tnsninninn blitos. 13s 6d to 14s; Tasmanian maples, 1933, 57s fid, 1934, 555; New Zealand, No. 1, landed, 50s to 52s fid. Haw sugar, beetroot basis, September delivery, 4s 9Jd a cwt.

MELBOURNE PRODUCE

MELBOURNE. Aug. 10 On >the Melbourne produce market wheat is quiet at Ms 9d. nominally. Flour, £9 17s fid. Bran, £1 l*>s. Pollard. £-1 15s. Oats, 2s 4d. Barley—English, 2s (id to 2s 9d. Mni/.e, !Ss 6d to !5s 7d. Oil ions—-Quiet a t £fi 10s to £7; pool price, £7 2s 6d.

Highest price, Feb. 5 X n ..7 0 0 Lowest price, Jan. 9 .. v . 6 6 bi Aug. 1 • • • • • • 6 IB i Aug. 2 • v • • • • 6 18 2 # , • • • • » # 6 18 H Aug. 4 , # V • •• » , 6 18 0* Aug. 7 AUK. 8 . .. 6 17 .. G 18 10 01 Aug. 9 • • 6 18 1