TRADE IN AUCKLAND

New Zealand Herald, Volume LXXIV, Issue 22776, 9 July 1937, Page 7

TRADE IN AUCKLAND

RETAIL AND WHOLESALE AUGUST DELIVERY DATES . INCREASE IN PAPER PRICES • Wholesale merchants in Auckland state that business has been during the past week, as a large number of firms liavo been engaged in halfyearly stocktaking. The wet weather in the North during the latter part of last week had an adverse effect on business. Deliveries on August account will bo made to the country on Tuesday, July 20, and to the town and suburbs on Monday, July '26. Further price increases have been announced, including a general advance in all lines of paper. The retail trade is fairly active and business in drapery is being stimulated by the seasonal sales. Although indenture are comparatively active, there is little life in overseas markets. SARDINES Overseas packers of one line of sardines announce an increase in price of about 3s a case. LIXSEED OIL Cablegrams from London state that latest quotations for linseed oil show a reduction of 5s a ton, f.o.b. CIGARETTE PAPERS A new brand of cigarette papers with tho streamline cut is being offered as from July 10. These will retail at Id a packet. BAKING POWER A locally-manufactured 12oz. tin packing of baking powder has been withdrawn and all futuro supplies will bo packed in 14oz. tins, with a proportionate increase in price. STATIONERY Substantial advances in prices for paper are reflected in increased values for stationery and quotations have been raised for envelopes, writing tablets and exercise books. CREASEPROOF PAPER Reports from overseas state that there has been a further increase in the price of greaseproof paper. It is difficult to obtain deliveries, as shippers have booked so far ahead that orders placed now cannot be shipped for several months. DRIED FRUITS There have been no alterations in prices for Californian raisins sinco last week, and as there are still plentiful supplies of Mildura sultanas available, the bulk of the trade is being done in this fruit. Prunes remain unchanged but firm, with a good local inquiry. PILCHARDS Recent business in pilchards was conducted subject to pack, and merchants have now been advised that orders placed on this basis will not be delivered, as there are no further supplies available. New season's stocks are not expected to be ready until about September. SALMON The new season for Canadian salmon opened on April 20, according to mail advice. Fish were plentiful for a few days, but earlv in May fishing was particularly light. It is believed that the bulk of the May pack has been canned and that the run will not commence until June. It will be some time before the packing of choice, standard pink and churn grades commences. ALMONDS Quotations for new season's supplies of Sicily almonds have been advanced by £lO a ton. On the other hand, rates for the new season's ground almonds are £2.. a ton lower > than those ruling a few weeks ago. No offers so far are available for either Spanish Jordan or soft-shell almonds, and it is doubtful if any supplies of these qualities will be shipped to this market this season, BRAZIL NUTS Only limited quantities of Brazil nuts in shell are being offered by London shippers and prices again are higher than previous quotations. A small crop in Brazil is the main reason for the higher costs and limited supplies. Brazil kernels also are becoming short and cablegrams state that the season is now closing and that prices are still steadily advancing. Limited quantities of midget and broken grades are available at the highest prices recorded for some years, | but supplies of medium grade are now completely sold out. PAPER ' Manufacturers of paper in New Zealand ! have advanced prices for a* large number , of lines, owing to increased production costs. l The rise takes effect from July 1. The following increases have been announced: —Kraft and Sandow, flat, 501b and upward. £3 a ton; Kraft, 4Glb, £4 a ton.-tap, No. 1 and 2. 3d a ream; sulphite tissue, 20 by 30, [ 81b and 10lb, £2 15s a ton; unbleached and bleached cap, 20 by 30, 81b, £1 10s a ton; : rope brown and brown • Manila casing, £1 10s a ton; No. 1 and 2 i Quality, £1 a toil. Some sizes of.paper bags ) also have been increased in price. • ' TEA [ The quantity offered at this week's Colombo tea auction amounted to 2,000,0001b. ; Quality showed a further improvement, which ' buvers appreciated. There was a strong gen- ' eral demand, all grades advancing in price, ' especially for improved quality. Common " and medium sorts advanced by from VA ' to VA per lb, while good kinds were dearer by from %il to VAd per lb. Next week's auction will comprise 2,000,0001b. There was an irregular market at the Calcutta auction and . prices were slightly easier. , : ' A trade report for May states that sup- - plies totalled 10,031,4741b, which was slightly , ieSs than the previous month's total. There j was a very strong demand at the first two . auctions, but before tho third salo it was . announced that the restriction quota for the 1 year, which commenced on April 1, had 5 been increased. As the trade did not know ) that an increase was possible after tho com--3 mcncement of the restriction year, there was r naturally a sharp reaction. Prices were steady at tho. last sale. It is generally agreed that as stocks in tho United Kingdom are ' at such a low level and the extra release .' cannot affect supplies for some time, there ' is no likelihood of any serious decline. Increased shipments were made to the principal consuming countries.

MERINO SHEEP EMBARGO NEW ZEALAND RE-EXPORTS ADEQUATE SAFEGUARDS ' Commenting on tlie warning. issued by iv New Zealand resident that the embargo on the export of Merino sheep-i from Australia was being jeopardised by the export of Merinos from New Zealand to other -countries, the general secretary of the Graziers' Association of New South Wales, Mr. J. \V. Allen, stated in Sydney last week that the export of Merino sheep to New' Zealand had been recently investigated by the wool committee of his association. Mr. Alien said the committee had been assured by the Department of Cominorco that it was quite satisfied there was no re-export from New Zealand of Australian Merino sheep. It was also pointed out by tho department that tho New Zealand Government had undertaken to provide safeguards against such re-export, and tho department was quite satisfied that the New Zealand Government was honourably carrying out its undertaking. The wool committee recommended that, "in view of the fact, that the Commonwealth Government is satisfied that there is no re-dxport from New Zealand, and that any action taken to prevent, export to New Zealand would leave Australia open to retaliation, no t action should bo taken." It was disclosed bv the department that since tho end of' December. 1929, to the end of December, 1936, 1:1)0 Merino sheen exported from Australia to New Zealand totalled 1314. Mr. Allen added that the recent annual convention of the Graziers' Federal Council of Australia re-affirmed, in effect, its opinion that the embargo on the export of Merino sheep should remain as it was. but no reference was mado to New Zealand.

MINING NEWS BROKEN HILL APPOINTMENTS It lias boon announced that Mr. Andrew Fainveather who, since 1920 has acted as mine superintendent For Broken Hill South, Limited, at Broken Hill, has boon appointed general mun;,,>or of the company. Mr. Forwent her succeeds Mr. W: h. wright. who joined the company in 1898 and for the Inst 19 years has occupied the position of general manager. The board has appointed Mr. Wainwright as consulting engineer to the company.