BRITISH TRADE.

Hokitika Guardian, 19 July 1927, Page 4

BRITISH TRADE.

FORTNIGHTLY REVIEW. STOCK KX<TIANGE EJIt.H. < Australian A* N.Z. Cable Association.) Id IN DON. July Id. Ibe Stock Exchange settlement on Thursday was arranged without difficulty, and the fears at one time prevalent. that trouble would arise in consequence of tile slump In British Controlled Oilfields, following White’s suieitle. proved entirely unfounded. Prices, generally, are as high as before the reii'. tion set in. and there has been considerable activity in the speculative sections, notably mines and industrials. There i-, consider;!bio strength in giit edgeds. ( nmnionwealth scrip, in which dcalin g i oinmeneed at a shade over 1 per cent discount, are now quoted sit about thirteen-sixteenths discount, as the result of steady buying.

WOOL SALES. Tin* wool sides are proceeding sntislaetcniy. Brices are being maintained at the level established on the opening day. There have been fairfy large withdrawals of merinos, owing to the high limits and the fact that the Germans have been unable to maintain fully toe mice they set at the opening. According to the correspondent of the “ Economist ” it would appear that most users have suHieient wool by them to satisfy requirements during the forthcoming interval, and, as German combers are extremely busy and unable to make further promises this side ol October, iopmakers prefer to wait till tin* September series* before buying heavily. WINK TRADE. The effects of the Budget alterations in (In* wine duties are shown in the latest import returns. During .June every foreign wine-producing country sent a smaller quantity of wine here than in June. li.‘2 and the total imports fell to ,9ti2.01)1i gabions, as compared with 1.237.(10.1, but the imports of Australian wine amounted to no less than 23 I .(Mill gallons in .Tune, 1027. showing a very large increase when compared with the corresponding months of the two previous years. So that it is clear increasing preference is having the effect it was intended In produce, anil buyers are Inking Empire wines instead ol foreign. FRUIT TRADE. This week lias seen the last arrival of Australian apples and though two New Zealand shipments are due to arrive within the next fortnight with about 2'>0.000 eases the Australian and

Now Zealand fruit season may be regarded as practically new. During the past few days prices have eased slightly, probably because of heavy supplies of South African oranges, but taken all round the season’s results have been most gratifying. Prices, which were good from the start, steadily improved to the end except for the slight easiness already mentioned. It its. therefore, rather unfortunate that Tasmanian shippers did not send more than they have done. One leading importer says he could have done with another quarter of a million cases. The quality of Western Australian and New Zealand apples has been excellent throughout and Tasmanians have also given satisfaction. Practically the only cause for complaint has been bit-ter-pit. which was in Coxs in the early part of the season. The steamers carried fruit well and a reported ease ol brownheart on one ship proved to be unsubstantiated.