BRITISH TRADE REVIEW

Sun (Auckland), Volume 1, Issue 99, 18 July 1927, Page 2

BRITISH TRADE REVIEW

GOOD APPLE SEASON SUPPLY FROM DOMINIONS By Cable.—Press Association.—Copyright LONDON, Saturday, The settlement on the Stock Exchange on Thursday was arranged without difficulty. The fears which ;ii one time were prevalent that trouble would arise in consequence of the slump in British Controlled Oilfields in consequence of the suicide of Air. James AVhite, the well-known finance r. proved entirely unfounded. Prices generally are as high as they were before the reaction set in, and there is considerable activity in speculative sections, notably mines and industrials. Tli ere was considerable strength in gilt-edged stocks. Commonwealth scrip, in which dealings commenced at a shade over one per cent. are now quoted at a discount of about 13-16ths, as the result of steady buying. DUTIES ON WINES The effects of the alterations made in the Budget in the duties on wine are shown in the latest import returns. In June every foreign wineproducing country sent a smaller quantity of wine into Britain than in June, 1926, and the total imports fell to 892.000 gallons compared with 1,2 37,000 gallons. But the imports of Australian wine amounted to no less than 234,000 gallops in June, 1027, which is a very large increase compared with the corresponding months of the two previous years. It is clear that the increased preference is having the effect it was intended to produce, and buyers are taking Empire wines instead of foreign.

DOMINION APPLES This week has seen the last arrival of Australian apples, and though two New Zealand shipments are due to arrive within the next fortnight with about 250,000 cases, the Australian and New Zealand fruit season may be regarded as practically over. In the past few days prices have eased Slightly, probably because of heavy supplies of South African oranges, but J taken all round the season’s results ! have been most gratifying. Prices which were good from the start steadily improved to the end, ex - cept for the slight easiness already mentioned. It is, therefore, rather unfortunate that the Tasmanian shippers did not send more than they have : done. One leading importer says he could have done with another 250,000 ! cases. The quality of the Western Australian and New Zealand fruit has ! been excellent throughout, and Tasmanians have also given satisfaction. ■ Practically the only cause of complaint i has been bitterpit. which was in the • , VOX’S in the early part of the season. The steamers carried the fruit well, ; and a reported case of brownheart in j one ship proved to be unsubstantiated ! —A. and N.Z. LONDON WOOL SALES PRICES MAINTAINED By Cable.—Press Association Copyright LONDON, Saturday. The London wool sales are proceeding satisfactorily, and prices have been maintained at the leye.l which was established on the opening day. There have been fairly large withdrawals of Merinos, owing to the high limits set, and the fact that the Germans have been unable to maintain fully the pace they set at the opening. According to the correspondent of ‘ The Economist,” it would appear that most users have sufficient wool bv them to satisfy their requirement:during the forthcoming interval, and as the German combers are extremely busy, and unable to make further promises this side of October, tupmukers prefer to wait till the September series before buying heavily. At the sales there was a good selection of Alerinos and a limited miscellaneous offering of New Zealand halfbreds. —A. and N.Z. Mother, K.P. Extract of Aiait. with Cod Liver Oil gives sound, vigorous health to delicate children. 5