COMMERCIAL

Evening Star, Issue 19763, 13 January 1928, Page 2

COMMERCIAL

BUTTER AND CHEESE GRADED

During December the dairy division of the Department of Agriculture graded 11,997 tons salted and CIS tons unsalted butter, a total of 12,615 tons, compared with 11,012 tons salted and 617 tons unsaltod, a total of 11,629 tons for December of 1926—an increase of 8.4 per cent. For the five months ended December, 1927, the respective quantities were 39,230 tons and 2,258 tons, a totaj of 41,488 tons, compared with 34,557 tons and 1,058 tons, or a total of 35,615 tons for the corresponding period of the preceding season—an increase of 16.4 per cent. The cheese graded _ for December, 1927, comprised; White, 8,261 tons; colored, 4,271 tons; a total of 12,532 tons, compared with 8,551 tons of white and 4,324 tons of colored, a total of 12,875 tons, for December, 1926 a decrease of 2.6 per cent. The quantities for the five months ended December, 1927, were: White, 22,888 tons; ediored, 12,221 tons, a total of 35,109 toes, compared with 22,616 tons white and 11,223 tons colored, or a total of 33,839 tons for the corresponding period of the preceding season—an increase of 3.7 per cent. Converting these figures into butterfat equivalent, there is an increase ol 12.60 per cent, in butter-fat production for the five months, as compared with the corresponding period ol the 1926-27 season. Stocks held in the various grading ports at December 31, 1927. were: flutter, 7,255 tons; cheese, 9,058 tons, as compared with 10,747 tons butter ■md 10,045 tons cheese held on Decernber 81, 1926. SYDNEY WOOL SALES. SYDNEY, January 12. At .the wool sales the market closed with prices fully maintained at the recent advance, and for many descriptions showing a hardening tendency. The competition was the keenest or the season. Come-backs and cross-breds continued to sell freely at full values, and good clearances were made. Greasy merino sold up to 34Jd. NEW ZEALAND REFRIGERATING COMEANY. The balance-sheet of the New Zealand Refrigerating Company, Ltd., which will be issued to shareholders next week, shows' a profit for the year of £60,545. The directors recommend the payment of a final dividend of 2J per cent., making 5 per cent, for the year, and a special bonus of 2J per cent, —Christchurch correspondent. BUTTER AND CHEESE. The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from London, dated January 11;—Rutter, 1565; market is steady. Cheese, 91s to 925; market is quiet. LONDON TALLOW MARKET. The Bank of New Zealand has received cabled advice from its London office, under date 11th inst.. that there is a good demand for tallow-, prices showdng an advance of 6d.