TRADE IN AUCKLAND

New Zealand Herald, Volume LXXV, Issue 23048, 27 May 1938, Page 7

TRADE IN AUCKLAND

WHOLESALE AND RETAIL BRISK BUSINESS REPORTED TOBACCO DELIVERY DATES With their first orders on June Account despatched to the country on Monday, Auckland wholesale merchants this week have experienced a continuance of the brisk business that has marked the trading over the last few weeks. Many large orders have already been dealt with and it is generally expected that the steady demand will cohtinue.

Tobacco deliveries for the period Juno 1 to June 16 will be made next week. Goods for country delivery will be despatched on Tuesday and orders to the town and suburbs will reach their destinations the following morning. Many lines usually in demand during the colder months of the year continue to meet with a keen inquiry. A local packer of canned peas has advised that all last season's supplies have been cleared and no more will be available until the new crop in December. Sales of canned fish are reported to be keeping up well.

Several fluctuations in the prices of overseas commodities are reported by indentors, and in the Eastern market tapiocas are easier. Nutmegß are firm, and there has been an all-round increaso in values for pineapples. CHEESE Merchants are experiencing a keen demand for cheese. Reliable brands are reported to be meeting with a ready sale. ASPARAGUS A fair amount of business is being done in new season's asparagus, quotations for which have recently been advised on a most favourable basis. OLIVE OIL Quotations for French olive oil show a slightly easier tendency. There remains little business to be booked, however, as most buyers covered earlier in the year. GROUND ALMONDS The market for this line has shown a slightly easier tendency during the last fortnight, but buyers generally are disinclined to operate on the present high basis. EPSOM SALTS New stocks of loose Epsom salts have arrived within the past few days and the shortage in supplies occasioned by the outbreak of facial eczema among stock in the Waikato has been alleviated. COCHIN GINGER Although prices for Cochin ginger have eased shippers now state that no further supplies of this line are available, as the shipping season is now practically over and the risk of weevil from now on is too great. SICILY ALMONDS The market cost of Sicily almonds has advanced steadily since tho new season's prices were announced, and'current quotations are approximately 10s per cwt. above the opening rates. Most buyers have covered and there is not a great deal of interest being shown at to-day's prices. PINEAPPLES Cables from Singapore have confirmed the rumour that, quotations for pineapples are liable to advance and to-day's market is up by approximately 2d a dozen on the price quoted a week ago. Shippers are only offering to cover forward shipment at the ruling price for three months, after which they are asking for a premium. BRAZIL KERNELS Shipments of new season's Brazil nut kernels are now beginning to arrive and have opened up in very good condition. The market tendency, however, is very difficult to gauge as various shippers seem to have different ideas in regard to price. Quotations received from different sources vary as much as 2d per lb GREEK CURRANTS

Quotations for Greek currants for new season's shipment in September have declined since the opening prices were announced and to-day's rates represent a very low figure. Requirements of this line are always largely governed by the available supply of Australian fruit and so far not much interest has hpen shown. TEA Tho quantity offered at this week's Colombo tpa auction amounted to 2,750,0001b. The quality remained unchanged. There was a pood demand for all grades. Common sorts were slightly irregular at a decline of from V R (I to %d, while medium and good kinds sold at late rates. The quantity to be offered at next week's auction will amount to 3,000.0001b. „ PILCHARDS Quotations for new season's British Columbian pilchards have been announced at slightly higher levels than last year's prices. Orders have been accepted from a number of merchants, confirmation being subjected to the size of the pack. This line has enjoyed a readv sale on the spot, but most merchants are very short of stocks,, halves in particular being practically unobtainable. DRIED FRUITS One-crown sultanas have been withdrawn, according to latest reports from Australia. Orders in hand will be executed as supplies become available up to the end of August. Two-crown aro definitely in short supply and a request has been made by the Australian Dried Fruits Control Board that future orders should consist of 25 per cent two-crown and 75 per cent three-crown. Shipment has beeu extended to June/July at unaltered prices.

"A HUNGRY PARTNER" DEMANDS OF TAXATION LARGE SHARE OF PROFITS [BV TELEGRAPH —PRESS ASSOCIATION] WELLINGTON, Thursday fn moving the adoption of the report and balance-sheet at the annual meeting of McKenzie's Department Stores, Limited, Sir Charles Statham said that in producing a profit of £85,352 they had provided for taxes to the extent of £42,618. Shareholders would realise from that just what a hungry sleeping partner they had in the State. Ho mentioned also that shareholders on the register for the full year would receive 18 per cent on their capital. GOLD PRICE HIGHER QUOTATIONS FOR SILVER LONDON. May 25 Fine gold is quoted to-day at £7 Os 7Jd an oz., compared with £7 Os 4Jd yesterday. Silver is quoted at 18 13-16 d an oz. spot and 18id forward, compared with 18 11-16 d and iSgd yesterday. Tho quotation for silver at per fine a?, is 20 5-16 d, compared with 20 3-16 d yesterday. PRICES OF METALS tin firmer, copper easier LONDON, May *25 Following are to-day's quotations on tho London metal market, compared with those of May 24: •

PROPERTY AUCTIONS Alfred Bnckland and Sons, Limited, will offer at auction at its saleroom, Albert Street, at 2.30 p.m. to-day, farm property on the Pukekoho Road, near Runciman. Samuel Vailo and Sons, Limited, will offor at auction at its rooms, 83 Queen Street, at 2 p.m. to-day residential property at Ui9 h'oinuera Road and also orchard property of '2-1 V-j acres on the main West Coast Road. Oratia. T. Mandeno Jackson will sell by public auction at its rooms, 3 Swanson Street. Auckland, at 11 a.m. to-day, residence of eialit rooms," at r>2 Ladies' Mild; Remuera; also residence of J 4 rooms on VA acres of land at 219 Queen Street, Onehunßft. and 3 I(i7 acres of land near Maropiu railway station. North Auckland.

May 25 May 24 Per Ton Per Ton & 8 d £ s d Copper, stan., spot 33 5 7 1 / < /a 34 1 3 Copper, stan., 3 mos. 33 10 7/4 34 6 3 Copper, electrolytic 38 0 to 0 38 5 to 0 38 10 0 39 5 0 Copper, elect., wire bars 3S 10 0 3» 5 0 Lead, soft, spot .. 13 10 3 13 18 1% Lead, soft, forward 14 0 vy 3 14 3 1 % Spelter, spot 12 11 3 12 12 0 Spelter, forward . . 12 13 1 % 12 14 4 V, Tin, stan., spot . . 103 0 0 161 2 6 Tin, stan., 3 mos. . 163 12 G 161 17 6