IMPORT MARKET.

Otago Witness, Issue 2813, 12 February 1908, Page 9

IMPORT MARKET.

The fact, mentioned in tlus column a few weeks back, that there are no further supplies of salmon to come from Vancouver, and that next year will be the year of the 6hort run, has considerably finned the local market. Many merchants are storing stocks, and quotations have advanced as follows : —lib flats. 10s 6d ; £lb flats. 7s 6d ; Cohoes flats, 9s 6d ; £lb flats, 6s 3d. Qtiotations are to hand for new season's Japan rice, which indicate the selling price on arrival at about £16 10a per ton for No. 1. Latest advices from Singapore report an advance in the sago and tapioca raarket. Lowest current quotations range from ISs for sago to 18s 6d for tapioca, with a firming tendency. This week's cable from Smyrna reports an advance of 3s 6d per cwt in the price of sultanas. This is confirmatory of recent letter advice, which stated that the sultana market had been depressed owing to the stringency of the money market. Speculators had, however, operated heavily at the drop, and precipitated an upward movement. In common with the hardening in value of all twines, the price of seaming twine has been advanced to Is Id. Cable advice reports an advance of £1 per ton in the price of Milestone, and sellers are only offering subject to confirmation of orders. Letter advices state that the sardine fishery on the French coast has been a complete failure, and that no Alberts will be packed this season. Packet dates arc out of the market unti] the arrival of the Karamea. The cost of this shipment will be enhanced owing to the very strong advance at Home, equal to 12d per lb on the packets. The price of tinplates has advanced at Home by 4£d per box, and the indications point to a very strong market. The local quotation is now 19s 6d. The price of raw oil is now 3s 2d, and of boiled oil 3s 4d.