KAURI GUM ACTIVITIES

Sun (Auckland), Volume I, Issue 141, 5 September 1927, Page 2

KAURI GUM ACTIVITIES

MARKETS REVEIWED FEW SALES OF CHIPS To use an American expression con tamed ill a recent report regarding th. kauri gum market, it is a case of "lb, horse until the grass grows" with the in dustry. The market for all grades quiet, and except for a few orders fcchips, there has been little done for port locally. Reporting on the position as far Xew York is concerned, a recent advh* states that there is absolutely- no demand there for high-class materials at present Merchants there maintain that they looking to the future with nothing J, justify a conclusion that there will be any decided improvement in the ne., future. The varnish trades are not reei* terms any great activity in regard 't their demands for gum, while lacaner outsioe of the motor trade, where it has taken a firm hold, is not setting the world The market locally continues quiet though one or two fairly large onter, for chips containing 1 80 per cent, solubl. gum have been placed during the par few- days. To-day, when any order of importance is in the wind, pracdcalh every exporter in Auckland is asked l°t i lnd Generally a deal is made at little above cost. During August 241 tons of gum we-t produced m the province.