BUTTER FROM NEW ZEALAND.

Auckland Star, Volume LVII, Issue 67, 20 March 1926, Page 6

BUTTER FROM NEW ZEALAND.

EXPORTED TO MELBOURNE. When the Paterson scheme was adopted In Australia with a view to "flxin?" prices, it was suerfrested that New Zealand nuter -nig-nt be sent across the Tasman if the attempt to maintain domestic prices above world parity was persisted in. Evidently New Zealand dairy interests are watching- very closely any • opportunities that may present themselves for business wlth the "other side." The Sydney "Sun" of the 12th inst., says:— "Despite the canvassing: of certain interests Tor a rise, the price of butter is not likely to be increased on Monday. A small shipment or New Zealand butter is due In Melbourne. It is stated that this order was placed through a misunderstanding-, which arose througrh difficulty being: experienced In obtaining: quotations in New South Wales and (Queensland. Arrangements have now been made to -secure supplies rrom Queensland, at a con-lderable reducton on tne present spot price or 186/8 a cwt." THIS LONDON MARKETS. LONDON, March 18. FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day. as compared with the cabled quotations on March 15 and par:— Mar. 18. Mar. 15. Par. Brussels (fr.) .... 120.87 106.75 25.225 Paris (fr.) 135.93 134.80 25.225 Stockholm (kr.).. 18.13 18.14 18.159 Oslo (kr.) 22.85 22.44 18.159, Copenhagen (kr.) 35.59 15.54 18.159 Berlin (r.m.) 20.43 20.42 20.43 Rome (lire) 121.00 121.45 25.225 Calcutta (d.l .... 1R 18* 24 Yokohama (d.) .. 22" 228 24J Honpkong (d.) .. 275 27" — 1 Montreal (dol.) .. 4.88 4.87" 4.86R New York (d 01.).. 4.86": 4.BR'/„ 4.860 Amsterdam (fl.) .. 12.13 12 I?.' 1" 10 Batavla (fl.) 12.12 12.141 — THE METAL MARKET. (Quotations on March 15 in parentheses.) Copper.—Spot. £59 6/3 (£59 1/3); three months, £60 3/9 (£6O i/3) Lead.—Spot, £39 2/6 (£3l 16/3)----three months, £32 7/6 (£32 3/9) Spelter.—Spot, £33 18/9 (£33 15/)----three months, £34 3/9 (£34). Tin.—Spot, £294 5/ (£295 7/6); three months. £286 (£287 7/6). Silver.—Standard. 30 3-16 d (301 d) per 0Z; fine, 32 9-16 d (32' d). j CONSOLS AND COLONIAL STOCKS. The following- table gives quotations for 1 consols and colonial Inscribed stocks I compared with those of March 11:— » Variarriee. tion. £ £ Consols, 2* p.c 54* S. British War Loan. 34 p.c 97jf ■/,„* British War Loan. 5 p.c 101J j» Conversion Loan. 3J p.c 743 N. Commonwealth 3J p.c.. 1922-27 1015 ft. Commonwealth 6 p.c. 1931-41.. 102& S. New Zealand 4 p.c, 1929 97" if New Zealand 3J p.c, 1940 .. 84§ if New Zealand 3 p.c, 1945 75 1* New Zealand 6 p.c. 1936-51 .. 107 |* f Higher. * Lower. K. Same. WOOL. At tlie wool sales there was a "rood selection of Merinos and an average offering or crossbreds. There was a firm market, all sections operating- freely. The top price for the New Zealand clip, " Beckshaven," was 17 *d and the average 16d. Bradford quotations are unchanged. Tbe market is slightly more cheerful, but the actual business is small. WHEAT, FLOUR AND PULSE. Wheat. —Cargoes have advanced rrom ea to if, as a result or good general demand. Sales have been made at rrom 54/ to 54/6. Parcels are in fair request at Troin Od to 9d dearer. Sales have been made at rrom 54/0 to 55/. Liverpool ruturcs are quoted as follows:—March, 110/10} per cental; May, 11/0 i; July, i ii/i. The- spot trade is slow and prices ' are tending to be lower. Australian, ex i ship. 57/. ; I Flour.—The market is dull. Australian es store, 43/6. I Oats.—The market has an easier tenIdency. Peas and Beans.—Dull and unchanged. . Sugar. — Granulated. 28/7 J. —(A. and N.z. Cable.)