TRADE OF THE WEEK

New Zealand Herald, Volume LXXII, Issue 22183, 9 August 1935, Page 7

TRADE OF THE WEEK

DETAIL AND WHOLESALE BUSINESS WELL MAINTAINED DEMAND FOR DRIED FRUITS Business in Auckland has been well maintained over the past week. As fresh fruit becomes scnrccr, there is a steadily improving demand for prunes, dried apricots, peaches and similar lines, heavy clearances being reported by merchants. Shortages of peanut kernels "and tapioca were relieved by the arrival of shipments via Sydney, but it appears that several otJjpr lines of Eastern goods may bo scarce before the Narbada arrives early next month. Overseas markets generally are steady, with only minor fluctuations in the principal commodities. WHITE LEAD A further advance has been notified in the price of English white lead. EASTERN MARKETS The Singapore market for pineapples remains very firm, while pepper prices are unchanged. RESIN AND TURPENTINE Latest quotations for both resin and turpentino are easier, and thcße lines are now available at attractive prices. CREAM OF TARTAR According to cablegrams received from London, the price of English cream of tartar has been reduced by 1b 3d per cwt. DESICCATED COCONUT The market for desiccated coconut is fluctuating, with ft slightly easier tendency, according to latest cablegrams from Colombo. DAIRY REQUISITES The commencement of the dairying season is resulting in a strong inquiry for Epsom salts, petroleum jelly and various proprietary drenches. KRAFT PAPER An advance of Is per cwt. in tho price of first and second grade kraft paper in small retail lots has been made, but prices for larger quantities are unchanged. SAGO AND TAPIOCA Cablegrams from Singapore and Penang show a fractional easing in aago and tapioca. Pennng quotations are now for shipment by the November-December steamer. Spot stocks of tapioca have been fairly short, but the position was cased by the arrival of a small shipment by tho Marama. and further supplies are expected by the Narbada. PEANUT KERNELS The first shipment of new season's Java peanut kernels arrived by the Marama to a bare market. Although 42 tons were landed, practically the whole shipment went straight into consumption. A further quantity will arrive by the Narbjida. An im-, proved demand for this 'commodity has been noticeable in recent years, and retailers are placing much larger orders than formerly. WALNUT MEATS A trade report on the walnut meat market states that the 193-1-35 season was one of the worst for a considerable time, the Manchurian crop being only about (50 per cent of that in the previous year. This was due largely to the bad weather, which also affected quality. The crop was completely sold. The 1935-3G crop also is likely to be short, as up to May there had been hardly a day's rain in many producing centres, with the result that much of the new crop is ruined. Rain has since fallen, but a short crop is considered inevitable. It is expected that it will be more difficult this year to obtain straight lines of light amber and amber grades as Canada and the United States are prepared to accept a good portion of these types. TEA There was s. good demand, especially for quality sorts, at this week's Colombo ton auction. The catalogue comprised 1.510,0001 h. Common and low medium grades were irregular and easier, declining by }d per lb., while medium and good kinds advanced }d to Id. Next week's auction will comprise I.tOO.OCOIb. At Calcutta quality showed ft slight falling off. Common grades weje irregular, without quotable change, and other*, were strong to dearer.^ A trade report for June states that quality was v good, particularly for Uvn teas, and generally above the average for the time of the year; Manufacture was satisfactory, although there were a number of teas with reddish appearance, while leaf grades were inclined to be brittle on account of drought, the previous month's rains having had little effect. The monsoon had been only moderate, and dry weather continued in many districts, particularly Kandy and Uva. Most estates reported short crops and it was anticipated that supplies in JulyAugust would probably be below average, unless heavy rains fell shortly. During June there was a steady demand, with a gradual hardening of prices, for commonest, to low medium kinds. The market for medium and better teas was poor, and prices were Jow, especially for Broken Pekoes, A decidedly disinterested market for Broken Orange Pekoes and Broken Pekoes at tho third auction caused a further decline in rates, quotations being only sliahtly above those for low medium teas. There'vcas a much improved demand at the last sain and these types were in strong demand. Good dusts were practically neglected and showed a steady decline, while fannings generally were steady. DEMAND FOR BEEF * PUKEKOHE YARDING CLEARED [from our own correspondent] PUKEKOHE, Thursday A heavy yarding of dairy cows and heifers, offered at tho stock sale held by Alfred Buckland and Sons, Limited, at Pukekohe to-day, met with a steady demand throughout, values being: on a par with last sale. Anything showing quality was keenly competed for. Pedigree cows sold on account of Mr. E. P. Millen, Waiau Pa, brought up to llgns. A heifer from the same client realised lOJgns. Good quality calved Jersey heifers brought up to £5 15s; best calved cows, up to £5; good quality heifers, close to profit, from £5 to £5 10s; medium, £3 10s to £4 6s; good cows, close to profit, £3 10s to £4 15s; backward cows, £2 to, £2 15s; others, £1 5s to £2. There was no demand for backward heifers. Competition was exceptionally keen for a medium yarding of beef catlle and a general clenrance was made. Prime beef Was in extra keen request. Prices advanced on last sale and equalled yesterday's Westfield rates. Mr. John Schlaepfer, of Helvetia. Paerata, who secured top price for ewes and wethers at Westfield yesterday, secured the top prices to-day for steers, cows and heifers. Medium-weight steers from Mr. John Schlaepfer sold from £f> 6s to £lO, tho top price being paid by Messrs. A. Needham and Sons. Patumahoe, Two runners, also from Mr. Schlaepfer, brought £5 and £0 2s fid respectively. These were both bought by Mr. Frank Knight, Waiuku. Extra heavy prime cows and heifers sold from £7 to £7 15s; heavy, £5 15s to £6 12s fid; lighter, £4 7s fid to £5 2s fid; light. £3 2s to £4 ss; other killable cows and heifers, £2 2s to £.l; boner cows. 14s to £1 ISs; best conditioned store cows, £2 2s fid io £3 ss; other cows. £1 to £2; cows with culves. £1 17s fid to £3; boner bulls, £3 to £0 7s Gd. An average offering of fat pigs and a large yarding of stores came forward. Values for baconers, in sympathy with sales in other centres, vere slightly lower. Porkers wero in firm request at late rates. Stores sold steadily at slightly belter rates. Medium-weight, chopper sold from £1 IPs lo £2 15s; heavy prime bnconers, £3 2s to £3 9s; medium, £2 14s to £2 IBs; light, £2 9s to £2 12s; heavy porkers, £2 2s to £2 Gb: light and medium, £1 lis to £1 Ifts: small and unfinished, £1 is to £1 8s; best stores, £1 2s to £1 Gs. smaller. IPs to £1 Is; slips, 14s to 17s; Rood weaners. lis to 14s; olhers. fis to 9s; bows, due to farrow. £2 to £3 ss; service boars, to Okns, Bnconers sold at. an avorage price of from 5d to 51d. and porkers fi'om 5Jd lo 6Jd. PAKOTAI YARDING [from oxtr own corrkspondknt] WHANGAREI. Thursday The North Auckland Farmers' Co-opern-tive. Limited, reports holding a stock sale at Pakotai yesterday. There was n fuir yarding, also a fair attendance. No fat cattle were yarded. Store cows made 18s to OAs; boner and potter cows. 10s to lGsj yearling Hereford heifers, small, liOs; dairy lmifcrs, close to profit. £2 15s; dairy cows, medium quality, £2 to £3 ss; three-year-old mixed quality steers, £4 2s Cd; child's pony. 255. , RUBBER STATISTICS LONDON, Aug. 7 Stocks of rubber at tho end of July, ns compared with recent months wero:— April 30 May 31 Juno 30 July 31 Tons Tons Tons Tons London . . 95,183 9G,0f,7 97,112 93,950 Liverpool . 71,488 71,839 73,257 74.948