THE BENZINE MARKET

New Zealand Times, Volume XLVI, Issue 10507, 7 February 1920, Page 6

THE BENZINE MARKET

111 SE IN PRICE PROPHESIED. A commercial man' who is keenly interested in the benzine, supply, informed ia ‘‘New Zealand ‘Times 1 ’ reporter yesterday tha/t there was every /prospect of an immediate rise -in the local price of the- oil. So far as''-qunntity was cone aimed, he said, the position was much easier than it' had been for some .time, as there was enough ini “the local market to supply immediate! requirements, while -there "were -large shipments approaching. TVhile the vexatious complications of exchange had, ; • however, made merchants chary of ■ t coimnitlting themselves tp any extent in American .purchase's,* the benzine had to he £ot/ and tihorclmfits .would almost certainly* guard > agaifret losing t their • profit by the uncertainties of the exchange rates, as had so frequently of late, when American, goods were handled, by fixing a price which would leave them a safe margin. There / was, he pointed out,' plenty of Bri-,. tisli oil purchasable Across»•fbo ...= sew /;■’ (without any exchange complexities), but the difficulty was in. getting the ships 'for"transport 'to ’’this market., Of the few such ships onrithe -.water • some were now- about due with- largo cargoes of oil, hut he doubted if; that oil-would go on the local market at the > price now riding.