TRADE OF THE WEEK

New Zealand Herald, Volume LXXIII, Issue 22437, 5 June 1936, Page 7

TRADE OF THE WEEK

RETAIL AND WHOLESALE BRISK SHOPPING CONTINUES ADVANCE IN NUT VALUES Wholesale business in Auckland re mains fairly good, although merchants have been experiencing a quieter spell during the past week after sending out heavy orders for June delivery. Retail houses report further increased buying and the general improved tone is being maintained. Brisker shopping has resulted from the continued period of fine weather. Overseas business is steady. Ihero have been some sharp advances in the prices of nuts. Shipments of some grades of sultanas have been extended for this month. Prices for medium and good teas declined at the Colombo tea auction. EASTERN MARKETS Penang seed and medium pearl tapiocaß ate slightly oasier, while Singapore sago is firmer. Nutmega also show a firming tendency. .. i The Calcutta market for castor oil nas been dull for several weeks, and latest advices state that there is still nothing fresn to report. PEANUT KERNELS There is again a shortage of Java peanut ken-els, the smuil quantity brought by the Xarbada last month having gone into immediate consumption. OLIVE OIL '% In epite of the weaker position of the franc, quotations this week for olive oil show a firming tendency, which indi. cates that stocks held in France ire not very heavy. JUTE On account of sowings in some districts having been suspended because of the hot and dry weather, the Calcutta market for raw jute is rather firmer, first marks bein;; quoted at £0 13s 9d a ton. AUSTRALIAN MUSCATELS Forward rates for Australian muacateta both in fancy pack ond in bulk have been announced, and a fair amount of business has been done. Quotations for the Calnronian variety are expected shortly. CANARY SEED A quotation for Turkish canary seed has been circulated and good business has been done. This is the first time for a consiaer- ! able period that Turkish seed has been offered at lower prices than the Argentine variety. _ PINEAPPLES Prices for canned pineapples are unaltered. It is reported that a good crop is anticipated in July, when the new season's fruit v;ill bo available for canning. However, it is not anticipated that lower prices be quoted in view of the fact that they ! are reported to be below the cost of producj tion at' the moment. AUSTRALIAN DRIED FRUITS Advice has been received from the Commonwealth Dried Fruits Control Board that shipment of three and four-crown sultana* i enly has been extended to. the present month, i One, two and three-crown currants are ttill offering, but the two latter varieties are subject 1o pack. The Omana is due next Friday with the main shipment of currants, which will b© welcomed as stocks on the iipot are bare. NUTS The almond position has affected nuts generally. Large quantities .of Sicilian filberts were renorted to have been sent to Africa, greatly depleting stocks and raising prices. Spanish filberts show a correspond-, nig advance. Bnzil nuts also reveal largo rises on opening rates, with all supplies now exhausted in Brazil, and only very ■ limited quantities available for shipmenti ft cm London stocks. I ! almonds Prices for all grades of almonds have been • very firm for some time and latest cables j indicate higher prices, with further advances t | likely. Due to the sanctions, Sicily almonds 1 i have" been off the market for some time, d but buyers thought that stocks were accumtir I latin* m Sicily nnd that if the sanctions 5 were lifted low offers would be available. Recent advice, however, states that large quantities wete fold to (Jermany and America and that values had advanced fully 30 per cent with stocks becoming short. This • accounts for the high rates being quoted - for Valencia almonds which have advanced J over £lO a ton during the past few days. • TEA t The quantity catalogued for this week a 3 Colombo tea auction amounted- to 2,230.0001b.. e I and the quality was not as eood as that of last week's offerings. There was a ' ! strenc: demnnd at late rates for common a ' grades, but medium and good sorts met with ! a weaker market, and prices declined from 1 I id to Jd ner lb. Next week's auction will ' comprise 2.000.0001b. , 1 The first auction of tlie new season was held at Calcutta on Monday, when 1.500.000 lb. were offered. There was a good demand at strong rates. The next '•ale will be held on June 15. ; BUTTER ADVANCES 7 f NEW ZEALAND AT 105/3 i MARKET VERY FIRM D : The rise in butter continues and New 7 Zealand is now selling on the London " market Is higher at 105s per cwt., r equal to 129s 8d in New Zealand cur--1 renev. White cheese is unchanged at j 59s 6d per cwt. and coloured 6d higher 1 at 58s. ;, Both markets are very firm, according to a cablegram, dated June 3. re- '• ceTved by Joseph Nathan arid Company, Limited, from Trengrouse and Nathan, Limited.