MARKETS AT A GLANCE.

Auckland Star, Volume LIX, Issue 239, 9 October 1928, Page 4

MARKETS AT A GLANCE.

STEADY WHOLESALE TRADE.

LENTILS SHOW ADVANCE

REDACTION OX CREAM OF TARTAR "Auckland Star" Office, Tuesday, October 9. ' With wholesalers, just about -finishing up on tlieir business taken for forward delivery trade is expected to 6low down 3, little. The amount of business, however, transacted during the last few weeks has teen considered very satisfactory for this time of 'the year, that from the country districts being .confide,red particularly good."' Business from this direction is '■ espeefced to,.be iveli .mainta.ined dilring tne. • Tiex,fc. fp)Y months on account of the farming poinmunity being in the full flush of the dairying season, which is turning out to be 'bilrticularly good. On account of a 'smaller vessel displacing, the usual Island'steamer, the mail from the various Jslcfhd ports was much smaller than usual, so merchants did not experience quite their usual rush in getting their consignments away. The overhaul of the Tofua-is expected to be finished in time for her to take up he}- running again early in November, last sailing to the Islands before Christmas it is anticipated that shipments.by this sailing will • General.'' • ••• The shipment of Californian figs which .. laun>;ed Jy'tlie'Walkawa about the middle of JaejC'week' were in such demand that all merchants' stocks are entirely cleared, and '■' thoSe jetailers who are still requiring • rttocks are having 'to book against the next i arrival early in November. A redaction of Ms'ct fler'lb was made on bacon sides and rolls by most of the larger packers during , the' past w : eek. No alteration has been ''■"Wade itf/Jianis, which are expected to remain at their, present. figure until after the' New Year.. Both French and English . drained • . and crystijUised. cherries are getting teho,ft on'spot, which is resulting —in a-consequent firiiiing oh spot values. ' Owing 'to. tha revision of duty under the t : "coiifeetk>.n»ry tariff from 2d per lb to 40 per -cent on all imparted lines, Hudson s ' 'eiftnehfchol jubes, which are manufactured in Australia, are now having to be sold "by-merchants at an increase of 3/ per doiren' on their previous rate. Asparagus ■ tips i» a line-..that has been in somewhat ''slibt J t''6Upply ;j locally, and the arrival of a ' further'shipment; last .week has proved very welcome to the trade in general. ' "'Prices remain •unaltered. English Epsom " salts are-very short on.spot and merchants " ''.'art! 'Anxiously -waiting on further supplies ' J: eOTftirrg -tO 'liand. The special prices quoted hy merchants on Sun maid puffed raisins have ptoved quite an attraction to the ' retail store keeper who has drawn so • largely tin merchants' stocks that their 'supplies are ■ now practically exhausted. It is understood that no further importa■'tidnfl of this type of fruit are being made. In order to>. have uniformity in price one , of the largest of local manufacturers of ctiffee essence, who previously had both """aj'lopsd and.':a cased price, has now re- ' *'' './luced' 1 the 1 ease ' price 9d and advanced the loose • price 3d per dozen, making ' * , tlle' , qn6'ttit«fti ' uniform throughout. j if XlotftesPegs. Supplies ®£ Canadian, slothes pegs are in ' rHher"short;'supply 4ocally; this has ' "been occasioned by the slowness of the '"irtills in effecting deliveries of orders. This is understood-to be caused by the shortage of fitytpblje manufacturing timber, which is a fa'ctOT that has been .responsible for A slight increase in the c.i.f. costs. •!, Lentil's. Recent cables received show that the markefc for lentils is showing signs of •-unusual firmness, but A grade and No. 1 • - quality are now being quoted for the next sailing of the direct 6teamer November- ■> December &t an advance of 30/ per ton. ' P.G. Sicily Almonds. The new crop for P:G. -Sicily almonds -. • is , ,/agfih. . showing ' a firmer tendency, 7.s*fce*|S. c.i.f.e. quotations for October ship- ■«,.■ meat.being,advised £s showing; an increase of up to £4 per' ton. Some business'Tiad . ,jbeen .cabled at -the previdiis rates, 'but .shippers 'were undbfe'tti give -confirmation. s f except at the new quotations. Cream of Tartar. 1 ''Agents for some of the bc-st known of ; English 99 per cent cream, of tartar liAve been advised by , ;:.jpable;'6f a* reduction of £2 10/ per ton on this grade for'prompt shipment. . ••iasaswa: I*?'': C *'■" - ta&fet y f or' desiccated coeo- "• vety steady in all grades for some of the Colombo mills being. 4n' r gpricei. Cables 7 • Week;-. 'h&fi'weej. .sbw. that e one ,'shipper"'bas announced a reduction of ► c.i.fi in 'all-grades for prompt and forwatcl-'sHipment'i' *•'»■ vih i,UA , Linseed Oil. . '.' V quotations for English linseed oil, r l»plE f'ri.w ,'ati.d .flipilfid, advise that prices .;f, fem^in .unchanged, and that shippers are prepared' io cxt(jiin their present booking for sttlpiwrfnt" right to December. " c»ynn»T«a. - ,

in Colombo on the 2nd instant, i,750,000ib was placed under oH?T7 —Q ual'ity -efr-most grades was 4 most kinds being generally useful, Newara/ETiyad being particularly „ -A'he, result of the sale showed on most of'the common . j common's ahd.'Price Broken Orange <, : ,Pe}toe3-;aliowiiig. reductions of %'d and' a lb.respectiv'ely'.'"Air - 6thers showed ,ageneral.;demand, being quoted at ' 1 .. higher rates*' witli' pla'iri broken Orange !. .Pokqes.at ?.9>„adyaric6'of Id per lb, first classic brokens and finest'' broken Orange. Pekoes 34d per lb. Exchange was .quoted, jat.,'l/6 5-16.

Norwegian Fish. Norwegian cannerA Teport by mail that . .the catching of sild has gone from bad to worse, there being still little fish about. They advise'that there is very little pros- , , ,pec.t ,of any farther catch of bristling this v year, and with inly v.ery small stocks available they 'have had to further increase their prices, which' are anticipated stiii.higher* Iji regard to the catching of sild, it is hoped that the fishing during the present month will be maintained, although the general scarcity »to,viaßce. of this fish still higher. As regards bristling many ot the larger packers are buying up all they i can get from outside sources owing to they i themselves being so short and unable to : -theic-.normal business require* : merits."'* -* . ; i A - Dates. iotferest has been taken in Ulate», following the first 1 arriViWir<fiofidOii By the direct steamer ! of the ordinary pack s&h exceptionally fine jJA/MttiuTi." o»>yijtpowever, to the. .rapid SiWcriocatiftfiv.of cßton dates ru'j. 'this' merchants have found that -eupjjjwies held-for any length of time after, the , firpt month pLdjie New-Year are inclined ' toxbe dry aiyl 'to stain the packet,,or .be a (jetted by' the attack df grub. These ' difficulties in B tier a packet cartons are not { Wpfi'ie4,to New Zealand, but are practically wit>yl(j-wide, and this has leaned to the I !i r ? Y/®'- atl io London where j da tea ;ir<i imported; 1 it' bulk from Busra and labbyr.' To ensure their f ffing qualities are put through a — o|„ .»terilkatian before I loUowinj Thi VH S a C ,TMbS°i

avoided. The local trade has, therefore, taken, rather more kindly to English pack processed dates, notwithstanding the slight increase in cost to cover processing. The local market at present is rather short of supplies, but with further supplies of old season' 6 processed dates arriving shortly the trade will be assured of ample supplies to fulfil requirements of the early Christmas trade. ... Alaska Sa.ition. With the exception of one or two 'brands of lib tins all agents have now received notification from their principals requesting the withdrawal of Alaska salmon owing to supplies being sold up. This has further accentuated the position owing to the general shortage that exists on British Columbia salmon, prices o£ which have advanced considerably. Supplies of Laurel Wreath are particularly 6hort and indent agents have now advised merchants that cables have been received from the packers in Vancouver advising the withdrawal of lib tins owing to no further supplies being available, and also that there will, be only an approximate delivery of 25 per cent in %lb ti-s against all orders in hand. This news has naturally caused some concern to the trade in both the wholesale and retail sections, as it is apparent that all brands of sockeye are going to be short this year owing to the catch in and about Vancouver 'being a general failure. Tapiocas. As a result of less bu- 7 'ng interest and also to one dealer finding himself short ©f ready money and selling under the market, tapiocas were slightly easier up to a fortnight ago, since when they have remained firm. This selling under the li-.irket was only expectsd to hold for a very short period, and it is now evident that all dealers are holding for better prices. This is confirmed by the receipt of cables last week. The first quotations were firm and without change, but further cables received later advised slight advances on both sago and pearl tapioca. ■' Peppers. Singapore shippers advLa that the market for peppers recently reacted sharply upwards consequent upon fairly heavy covering of short sales for early shipment, but are now quiet again with market showing a downward tendency. A sharp recovery is expected, but no unusual move is anticipated for the present, as arrivals are still heavy and will be so for the next few months, with buyers from Europe showing little if any interest. Latest cabled quotations show a reduction of Id on Singapore black, Vtd on Singapore white %d on Sarawak white, and %d on Muntok white. Wholesale Current Prices. Butter.—First grade factory butter, booked, 1/6% per lb and 1/6 per lb for prompt cash.. Second grade factory, booked, 1/4% per l'b, and 1/4 per lb for prompt cash, farmers' separator, 1/1 per pound. Cheese. —First grade factory, medium size size, 10% d to ll%d per lb. Loaf, 1/1 net per lb. Chesdale, 61b bars, 1/3 per lb; 7oz packets, 9/6 dozen. Crest, 4/6 per dozen. Bacon. —Hams, 1/1 per lb; rolled hams, 1/3 per lb; boned hams, 1/4 per lb. Bacon: Sides, 10% d per lb; rolled sides. 1/0% per l'b; middles, 1/1 to 1/2 per lb; shoulders, 8d per lb; rolled shoulders, lOd per lb. Lard, bulk, lOd per lb; pats, lid per lb. Flour. —Local: 2001b sacks, £18 per ton; 100's, £18 15/ per ton; 50'e, £19 5/ per ton; 25's, £20 per ton; 12%'s, £20 17/6 per ton; 6%'s, £21 17/6 per ton. Southern: 200 sacks, £1| per ton; 100's, £18 15/ per ton; 50's, £19 per ton; 25'e, £19 10/ per ton* 12%'s, £20 5/ per ton; 6^4's, £20 17/6 per ton, all less 2% per cent discount. Linseed—Whole, 22/6 per cwt; ground, 23/6 per 1001b. Malt.—Crushed, 12/ per bushel; whole white, 12/ per bushel; whole black, 14/ per bushel. Twines.—Segming, 3/9 per lb; binder, 8d per l'b. Peameal.—l3/ per 1001b. Linseed Oil Cake Nuts.—l 4/ per 1001b. Linseed Meal. —16/ per 1001b. Blueetone.—33/ per cwt.