TRADE IN AUCKLAND

New Zealand Herald, Volume LXXIV, Issue 22740, 28 May 1937, Page 7

TRADE IN AUCKLAND

RETAIL AND WHOLESALE

BUSINESS CONTINUES BRISK FURTHER PRICE ADVANCES Wholesale merchants in Auckland report that business continues to be fairly brisk. Orders for June account were heavy and covered a wide range of goods, including large supplies of winter lines. Retail trading also is comparatively active, and drapers state that winter clothing is now selling well. Further advances iiu the price of various commodities have been announced during the week. A comparatively large number of goods has been affected, including coffee, coffee and chicory and coffee essence, sheeps' tongues and tinned oysters. Indent business is dull. SHEEPS' TONGUES Owing to higher costs, one packer of sheeps' tongues has announced increases in prices. TINNED OYSTERS A local brand of tinned oysters has been advanced in price by approximately 10 per cent in both small and large sizes. . ASPARAGUS Prices for new season's asparagus have been announced at higher levels than those ruling last year. A fair amount of business is passing. EASTERN MARKETS Latest quotations show a fractional easing in sago, while tapioca is unaltered. Nutmegs are firmer. Pineapples and pepper both show no change. CIGARETTES A new pack of cigarettes manufactured in New Zealand is being offered to the trade. Stocks of both the plain and cork-tipped varieties are available. STRAWBERRY CONSERVE Packers of Queensland strawberry conserve have announced that their entire output has been sold, and no further quotations for shipment can be made. COFFEE Higher grades of one brand of coffee and coffee and chicory show fairly substantial advances in price. The same brand of coffee essence has been increased by 6d a dozen. WALNUT MEATS The last shipment of the current season's supplies of walnut meats arrived during the week. No further stocks will arrive until the new season's crop is available about December. LINSEED OIL AND TURPENTINE The market in England for both linseed oil and turpentine is reported to be still firm. Cable advice states that linseed oil has been advanced by 10s a tori and - turpentine by Is 3d per cwt, JUTE GOODS Negotiations to end the strike in the jute mills have progressed so satisfactorily that it may be considered that the strike is practically over, according to advice by cablegram from Calcutta. SALMON Stocks of salmon in Canada are particularlv short, and the new pack will not be available until August. Most packers of pinks have ceased to offer quotations, as" supplies are exhausted. Opening prices for the new season are expected to show an advance. TEA The quantity offered at this week's Colombo tea auction amounted to 2,375,0001b. Quality was useful. There was a better general demand for all grades. Common sorts i were steady at a decline of from %d. to . YA per lb., while medium and good kinds ■ were strong at late rates. Next week's ' auction will comprise 2,500,0001b. AUSTRALIAN FREIGHTS Owing to the higher freight rates now operating several lines of Australian goods s are showing small general increases. Such • lines as rice are about 10s a ton higher - to land, while Australian dried fruits also t show a fractional increase. These increases are being carried by the trade, and are i not being passed on to consumers. i AUSTRALIAN . DRIED FRUITS f Merchants have received advice that prices . for sultanas for May and June shipments have been advanced by Is 6d per cwt, Cura rants are unaltered. Shipment of lexias has i been extended to August at unaltered rates, i A fairly large shipment of dried fruits ars rived by the Wanganella this week, and a f further shipment is due "by the Kauri on 1 Monday.

NEW INDUSTRY PROJECT AT PENROSE AUSTRALIAN COMPANY ' m It if. the intention, of James Hardie, Limited, an important Australian concern manufacturing; asbestos sheeting known, as "Fibrolite," to establish a large factory in Penrose for the manufacture of its products. It has just purchased between five and six acre* in Penrose for the site of the factory, which will cover a large area, and it proposes extensive operations. The industry is the first of its kind in the Dominion. While the company has made no announcement of its intentions, it is learned that it expects to ba operating before the end of the year, and that it will provide employment for a large number of hands. Probably it will start with about 50 or 60 workmen, but the plans it has laid arc likely to lead to a considerable increase in that number ones the plant is in full operation. 0 Directors of the firm were recently in Auckland and made close investigations of the situation-.* Many of the compauv's products are used throughout the Dominion. They apparently contain a mixture of cement and asbestos. While the New Zealand trade is fairly large, it is stated that the Australian plant could produce the full quantity now taken by the Dominion in a fortnight ot manufacture. The intention of the company in starting the industry in Penrose is to capture much more of the possible trade.

MOUNT LYELL SHARES LONDON, May 26 Oil the mining market to-day Mount Lyells sold at 3os. MINING NEWS — MT. MORGAN PRODUCTION [BY TELEGRAPH —PRESS ASSOCIATION I WELLINGTON, Thursday Mount Morgan, Limited (Queensland), has cabled the Stock Exchange Association the following production report for the four weeks ended M:«„v 26: —Ore mined, 45,30-1 tons; ore treated, sulphide, 24,900 tons; oxidised, 18,618 tons; estimated production of gold, 417*30z.; silver, 1)440?:,; copper, 151 tons.

YIELDS OF COMPANIES Mossy Creek (West Coast). —20oz. 18dwt."for 132 hours and 7960 yds. Worksop Extended (West Coast). — ISoz. for 130 hours and 9000 yds. CORONATION BONUS Messrs. A. Wander, Limited, manufacturers of "Ovaltine," have adopted a somewhat novel, yet practical, plan of commemorating the Coronation. Every employee in their organisation is being given an extra week's salary.