COMMERCIAL.

Auckland Star, Volume LIX, Issue 69, 22 March 1928, Page 11

COMMERCIAL.

LONDON TALLOW SALES. IMPROVED DEMAND. London, March 22. At the tallow sales 302 casks were offered aud 480 sold. Prices were unchanged to sixpence advance. Mutton, fine, 43/6, medium, 35/. Beef, fine, 40/; medium, 35/6. The Bank of Xew Zealand lias received the following cable from its London office under date 21st inst.:— Tallow.—There is an improved demand. Prices have advanced sixpence per cwt. Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated 2let instant: — Tallow: 502 casks offered and 73 per cent sold. Prices, inferior, 6d higher; other descriptions unchanged. BUTTER AND CHEESE. W. G. Paviour Smith has received from his London principals, the Anglo-Contin-ental Produce Co., Ltd., the following cabled market report, dated London, March 20:— Butter, 174/. Market quiet. Cheese, 99/. Market firm. The Xew Zealand Loan and Mercantile Agency Company, Limited, advise that they have received th° following cable advice from London, under date March 21:— Xew Zealand butter (choicest), 174,' to 175/; market very slow. Xew Zealand cheese, 99/ to 100/; market ie steady. LONDON WOOL SALES. Messrs. Dalgety and Company. Limited, report having received the following cablegram from their London house, dated 21st instant: — Wool: The sales continue firm and active, very strong demand for crossbred* of all descriptions; Continental and Home trade buyers particularly keen; America buying any suitable lots. As compared with closing rates of last series, Xew Zealand Merino none offered equivalent to Australian. Merino, par to Id higher; greasy halfbred, Id to Ittd higher; greasy crossbred, fine. Id to lV4d higher; grea«y cross- ' bred, medium and coarse, lV4d to 2d j higher; scoured crossbred. Id to lV4d higher; slipe, 2d to 3d higher. LONDON EXCHANGES. LONDON. March 20. Bank of Australasia. £14/13/; Bank of New South Wales. £4T». SC: Union Bank of Australia. £1": National Bank of New Zealand. £7/l,'0: Bank of Xew Zealand, stock 055 shares £2/18/0: Xew Zea'and Loan and Mercantile £75, ordinary stock SOUTHERN EXCHANGES. WELLINGTON, this dav. Rale Reported: New Zealnnd Government •>} per cent Bonds. 1R36. £10010/0 Snle on Change: Bank of Xew Zealand. 5S>/. CHRISTCHI RCH. Wednesday. Sales on 'Chan-re: Commercial Bank of Australia (pref.J. £6/IS/0: Queensland Insurance Dalgety and Co. (Melbourne re?|Kter». £14 (two parcels): Howard Smith. — • British Tobacco (cam dir.), 30 CHRISTCHURCH. this dar. Rales on :*Change: New Zealand Government oi per cent Inscribed. lffctt. nonc.iira^Si Tci i} Bnnk of Australia <preM. t? ? Knsrlish. Scottish and Australian Bank. £8/3 O. £S3 6 (two parcels*: Bank of New South Wale,. £4<»/5 O: Howard Smith, -i/ll: _Xew Zealand Refrijreratins '10' paid), i/7 (two parcels): M.ihakipawn Goldfields. 1-'5. Sales Reported: Bank of New Bouth Wales. £48 o 0; Kauri Timber. 22 3.