METAL GOODS RISE

Hawke's Bay Herald-Tribune, Issue 177, 13 August 1937, Page 4

METAL GOODS RISE

Our Ora CoTrcspondentiX

Increased Prices Recorded in Dominion WMs IN DEUVEHIES "

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, AUCKLAND, Last 'Njght. . As a rosult of tixe high level of the market for metal, prioe increases ranging from 1.0 per cent to 7*0 per cent have taken place in engineerxng rnaterials impox'ted by Auckland finns during 'the past year, Iu nxost of the' iines affected thore have been lengtlxy delays in the delivery of orders, Better grades of steel have .rpacted sensitively to tbe phenomenal advance in metal prices. Tlxe cost of slxafting is stated to have risen by £3 a ton, wliil% sixclx lines as circular axxd band saws, whetlxer of English of American origin, have advanced by about 10 per cex^t in recent moutlis. TJie principal of one firm of importers said tlxat quotations for all machinery had been raised, and with doliveries pronrisgd at any tinxe between six month axxd two years, the fulfilment of orders presexxted unusual difficulties at the presenfc stage. Fexv lxardware lixxes have escaped tho.effects or lxigh market for base metals. Sanitary ware is l'eported to liavo risen to tlie extent of 8/- 011 £7. Builders' supplies arc said to be affected in a similar way.