SUN COMMERCIAL SERVICE

Sun (Auckland), Volume II, Issue 414, 24 July 1928, Page 12

SUN COMMERCIAL SERVICE

A special section for readers seeking information on financial and commercial questions is included in these columns every Saturday. 'Names and addresses ■must be given in every instance , although not for publication , and inquiriers are requested to send in questions early in the week addressed to the Commercial Editor , THE SUN .

considered to be justified, and that in all probability lower prices will be to hand later in the year. The reason for the present high prices is attributed to the new crop almonds coming on to the market at a time when it was bare, and overseas buyers immediately availed themselves of the low rates ruling to cover in very heavily, but as their buyers will not look at the high rates to which the market has been forced, there is every reason to expect that lower prices must rule shortly. BORAX Latest information from London is to the effect that prices of both borax and boracic acid are now slightly lower, reductions of about £1 being listed in each case. CLOTHES PEGS The local market has been fairly well Stocked during the past few months, but supplies are likely to be short before long, as advice has been received that owing to the heavy demand from Great Britain, only limited shipments of Canadian pegs can be made to this Dominion during the next three months. Owing to the increased cost of production, it is stated that an advance in price is to be expected shortly. CHERRIES Prices for both crystallised and drained French cherries remain at previously advised high levels and cables from London indicate that supplies of the new crop pack will be extremely short, with still higher quotations bound to rule. ANGELICA A small shipment of French crystallised angelica is just to hand and the shortage of supplies in London is reflected in the increased cost of this shipment, prices of which ai'e about 6d a lb above the rates for previous orders. PRIED FRUITS

Quotations for new season’s Greek currants remain firm with a fair volume of business being placed. Smyrna sultanas have advanced on opening I'ates with little interest being shown at present. All varieties of Californian dried fruits continue to decline, the reductions this week being—unbleached Thompson’s seedless raisins 9d a cwt., oil and soda bleached 6d a cwt. Seedless raisins in cartons, both fancy and choice grades, are reduced Is 3d a cwt. The above alterations all refer to new season’s fruit, for shipment in September/October from San Francisco. CORN SACKS

These promise to be short on the local market until the arrival of the next direct steamer from Calcutta in September. Calcutta shippers cannot offer any further quantities for the August steamer, and quotations for the November/December boat show an increase of about 3d a dozen.