TRADE IN AUCKLAND

New Zealand Herald, Volume LXXIV, Issue 22818, 27 August 1937, Page 7

TRADE IN AUCKLAND

RETAIL ANI) WHOLESALE

WINTER SHOW STIMULUS HEAVY SEPTEMBER ORDERS I A marked stimulus has been given to the retail trade during the past J week by the large number of country I visitors who are attending the Winter ■ Exhibition. This factor, together with J the continued fine weather, has resulted < in increased spending and all types of < shopkeepers have benefited accordingly, j The wholesale trade has been busy des- ] patching orders on September account, which are reported to bo particularly heavy. A feature is the demand for summer lines, such as cordials and jellies, which has been noticeable comparatively early this year. ■ Grocery prices continue to firm, but advances are now confined to isolated lines. Goods from overseas are being landed at the higher prices announced some time ago, but overseas markets tend to be steadier. Indent business is quiet, but a slight improvement has been noticed. COFFEE ESSENCE One manufacturer of a cheaper line of coffee essence lias announced an advance of approximately 0 per cent. PEANUTS Shelled peanuts from Java for early shipment have been advanced by 10s a ton, according to cabled advice. EASTERN MARKETS Latest cablegrams from the East state that sago and tapioca are unaltered. There is a firming tendency in pineapples. Pepper is fairly steady. PRESERVING JARS New season's prices for preserving jars, jam and jelly jars have been announced this week and show 110 alteration on those ruling for the past season. RICE There is a firmer market for Rangoon rice for November-December shipment, according to latest cablegrams. This is due to the unsettled position in China. JORDAN ALMONDS Jordan almonds are being quoted by cable from London at speculative prices for September shipment, but it is expected that the prohibitive values will restrict buying. : ' AXES AND. FILES ! Axes manufactured in the United States and Canada have been advanced in price and further shipments will arrive at higher costs. American filcsi-and rasps also will be landed at an increase. j TASMANIAN MUTTON BIRDS Shippers of Tasmanian mutton birds advise i that they are accepting business for the next season at prices which show an increase of 1 about 10 per cent 011 the opening rates last ! season. FIGS There has been an advance of Is per cwt. in quotations for bulk supplies of Smyrna figs, while forward prices show a considerable firming. Most of the Christmas business already lias been booked. DRIED PEACHES Quotations for one-crown Australian dried peaches are again being made after a lapse of several months. As most of the buying has been done in higher grades this year, it is not expected that many orders will be placed. DATES Local merchants arc anxiously awaiting a j further shipment of pitied dates, as spot stocks are almost exhausted. Purchases from London at present show a substantial advance on previous prices and this is expected to be felt in New Zealand when future shipments arrive. PRESERVED GINGER Quotations have just been named for new season's supplies of preserved ginger, fbr delivery during next year, at approximately the same level as last season. Owing to the unsettled state of affairs in China, it is anticipated that prices of the raw material, from which the preserved ginger is processed, may advance. Merchants are consequently booking their full requirements at present prices. TEA j The quantity offered at. this week's Colombo tea auction amounted to f,4UO,UOOIb. Quality - of fine grades showed a falling off. while other sorts were useful. There was a good demand at irregular and slightly easier prices. Common sorts declined by '/d per lb., while medium grades were strong at late rates. Owing to inferior quality good kinds declined by 3 /<d per lb. The market at the Calcutta auction was irregular and siightly easier. DRIED FRUITS Reports from the producing centres for muscatels in Australia state that the crop this season is light,' and stocks are expected to be cleared before Christmas. The Commonwealth Dried Fruits Control Board states that supplies of sultanas, especially, the four-crown variety, are rapidly becoming exhausted, on account of active buying from Great Britain and Canada. The hoard advises early ordering to secure confirmation. The Victorian Control Board has fixed tho maximum quota which growers can sell in Victoria, the remainder to be available for export. The quota for currants is 10 per cent; lexias, -17V a per'cent; sultanas, 17 per cent; prunes, (>() per cent; peaches, (>6 2-3 per cent; nectarines, SO per cent; and pears, 37M, per cent. The high quota for peaches, prunes and nectarines is . taken to be an indication of a short stock position.

FROZEN MEAT TRADE LUNCHEON IN LONDON DOMINIONS REPRESENTED LONDON, August 25 Representatives of the New*' Zealand and Australian meat trades bade farewell to Mr. A. C. Fisken, chairman of the Australian Meat Board, at a luncheon to-day. Mr. Devcrell, chairman of the New Zealand and Australian Agents' Association, said that Mr. Fisken was an excellent chairman. While standing up lor the producers, he was acceptable to the trade in London. The .New Zealand Hi fill Commissioner, Mr. W. J. Jordan, said that although tho Australian body •< was competitive with the New Zealand board, there was plenty of scope for co-operation. The Hon. Samuel Vestev, heir to Lord Vestev of Kingswood, said: "I consider that greater meat exports from the Dominions to Britain are certain within the next few years."

THE DAIRYING INDUSTRY i TOKOROA COMPANY MEETS [by TELEGRAPH OWN COKRESrONDKNT] PUTARURU, Thursday Dissatisfaction with the price paid for cheese last year was expressed at the annual meeting of the Tokoroa Cooperative Dairy Company. The meeting carried a motion urging the Government to make a further supplementary payment to the suppliers from the cheese surplus; and asked that, in future, the cheese and butter industries be kept on a different footing. The Government will also be urged to make available the guaranteed price by the middle of July at the latest each year. The chairman of directors, Mr. J. Mossop, presided. The balance-sheet showed floating assets to be £9245 7s lOd. This, after paying creditors, bank and appropriation accounts, £6S7I lis 6d, would leave £2373 16s 4d. The secretary, Mr. V. I;. Drummond, said that if floating assets, cheese stocks and accounts due could have been realised on June 30, when the balance-sheet was drawn-up, there would have been enough cash to settle current liabilities, make the final payment for the season to suppliers, pay off the bank in full, and have £2373 16s 4d remaining toward a refund of capital paid up. There would still remain to realise the fixed assets, valued at £3380 13s 9d, after deducting reserves of £l9lß 12s. The following were elected directors for the year:—Messrs. J. Mossop. J. Campbell, George Ireland and W. M. Carruthers.