COMMERCIAL

Evening Star, Issue 18336, 25 July 1923, Page 8

COMMERCIAL

DUNEDIN STARR-BOWKETT. The Dunedin Slarr-Bowkett Building Society notifies the disposal of £1,500 bv ballot and sales in the Nos. 3,4, and 5 groups. Shares can be, obtain-’! in the No. 5 group to participate. BUTTER AND CHEESE. MARKET POSITION EXPLAINED. The National Mortgage an I Agency Company has received the following cable from Messrs A. J. Mills and Co.. Ltd., London: —Butter: Market firm. S'lied, 1565, 158 s; nnsa.ltcd, 158 s, 160 s. Cheese: Market steady. White, 965: colored, 945. In a. letter dated June 14, Messrs A. J. Mills and Co., Ltd , write as follows- “ There is no doubt that on the recent decline juices went a little too low. but there was such a tremendous accnnmlatio . of butter that the retail pike had* to be put down to stimulate consumption. We must say that the ret filers have been good friends to (tic trade in the way they reduced thc.ir prices to Hie public. Some of the leading retailers have bean selling colonial bin ter at Is 2d and Is 4d per lb, winch las helped tDo consumption very materially indeed. The main reason for tbo easier rates ruling to-Joy is that wo are h. the hush of our home and Irish production, and we are also getting increasing shipments from Franco and Hoi land : whilst Denmark las*, week shipped us 2,300 tons. This is a. little more butter —combined with arrivals from the colonics and the Argentine—than the market can absorb, and on the whole the cold store stock has increased rather than declined; but current arrivals from Now Zealand, Australia, and Argentine have bad very much bettor sale during the past, merit It (ban during April, when there were very largo quantities going into store.” SALES ON ’CHANGE: TO-DAY. Auckland. —N.Z. Insurance, 51s.