COMMERCIAL

Manawatu Standard, Volume XLVI, Issue 105, 3 April 1926, Page 5

COMMERCIAL

DAIRY PRODUCE. BUTTER AND CHEESE MARKETS. LONDON, April 1. Butter: There is a holiday market. New Zealand choicest salted is quoted at 173 s to 175 s per cwt, unsalted 174 s to 1765, exceptionally choice 178 s; Australian 170 s; Danish 185 s. The cheese market is firm. New Zealand white 94s to 98s per cwt, coloured 95s to 100 s; Australian 95s to 96s.—A. and N.Z cable. The New Zealand Loan and Mercantile Agency Coy., Ltd., has received the following cablegram from its London house, under date 31st ult: Butter: New Zealand choicest 1745, exceptional 1765. Cheese: 96s to 98s. The market is quiet Dalgety and Coy., Ltd., report having received the following cablegram from their London House, under dato of 31st ult: Butter: The market is quiet. We quote: New Zealand finest salted 174 s (1745); Danish 192 s (1925); Australian finest salted 173 s (1725), unsalted 174 s (1735). Cheese: Tho market is slow. New Zealand coloured 97s (98s), white 96s (975); Canadian finest September 110 s. (Last week’s quotations are given in parentheses.) Nine hundred and forty casks of tallow were offered and 115 were sold, there being no quotable change in prices. There will he no public tallowsales next week. Owing to the Easter holidays the demand for frozen meat is limited. Prices are unchanged. LONDON TALLOW SALES. LONDON, March 31. At the tallow sales 939 casks w'ere offered and 154 w-ere sold. Prices were unchanged.—A. and N.Z. cable.

BRADFORD WOOL MARKET,

LONDON, April 1. The Bradford wool market is firm, but extremely, quiet.—A. and N.Z. cable. LONDON MARKET REPORTS. LONDON, April 1. Whoat—Cargoes aro steady. Sellers occasionally are asking higher prices, but demand is quiet. Parcels are slightly lower. Liverpool futures, May Us l)d; July, 11s OJd; October, 10s 51d. The spot trade is active, and firm. Australian, ex ship, 59s 3d. Flour —Quiet. Australian, ex store, 42s 9d.

Oats.—Tending to bo firmer. Peas and Beans. —Quiet and unchanged. Cotton.—The Liverpool quotation for American middling upland, May delivery, is 9.G3d per lb. Rubber.—-Fine hard Para, 27s per lb.; plantation, 295. Jute.—April-May delivery, £45 per ton.

Hemp.—Marcji-May dMivedy, .£3B per ton.

Copra.—March-April delivery, £26 7s 6d per ton. Linseed Oil. —£30 15s per ton. Turpentine.—6is 3d per cwt. Sugar.—Granulated, '£2B 7^d. —A. and N.Z. cable.

CHICAGO WHEAT FUTURES. NEW” YORK, April 1. - Chicago wheat futures: May, new l dollar 56 cents; old, 1 dollar 55 cents; July, 1 dollar 33J cents; September, 1 dollar 29i cents. —A. and N.Z, cablo.

LINSEED MARKET

The Department of Agriculture lias the following cablegram, dated March 31, from Calcutta, with reference to the linseed market: Linseed : Ae quote £l6 15s for linseed per ton c. and f. Sydney immediate shipment. Tho market is quiet.

SOUTH AFRICAN EGGS

BIG LOSS INVOLVED

STORAGE COMPANY BLAMED

CAPETOWN, April 1. A Government Commission appointed to inquire into the cause of the tainting of eggs exported from South Africa, involving a loss of £BO,OOO, lias issued a startling indictment of the Imperial Cold Storage and Shipping Company as mainly responsible. It states that tho board of the company refused to allow certain of its officers to givo evidence on legal advice, as certain claims iiad been preferred against them for damages; the company thus disobeyed the GovernorGeneral's direction to assist the Commission.

Tho Commission recommends that all the company’s contracts with the Union Government be subject to detailed review by the Government’s legal advisers for rescission or cancellation where possible, and in view of the company’s contumacy recommends that the attention of His Majesty's Government be drawn to the company’s Bechuanaland concession for the purpose of review. It recommends legal proceedings against the chairman of the company and two branch managers; denounces the company, inter alia, for excessive charges; and declares that it has developed into a public menace. The eggs became tainted owing to being stored in the vicinity of chambers full of decomposing fruit. — Reuter.

JOSEPH NATHAN AND COY

LONDON, April 1. Proposals for writing clown the assets by approximately £286,656 were announced informally at a meeting of Josejih Nathan and Company, the chairman describing the scnemo as a sincere attempt to place shareholders in a position of receiving income and to put the assets on a proper .value in "elation to world prices. Meetings for authorisation of the proposal will be held at the end of the month. —A. and N.Z. cable. DAIRY CONTROL BOARD. CHELTENHAM DIRECTORS GIVEN MANDATE. For the purpose of ascertaining the views of their suppliers on the methods of election of representatives on the Dairy Control Board, the Cheltenham Co-operative Dairy Company took a poll of its suppliers. A total "of 776 ballot papers were issued, and the suppliers were asked to vote on two issues:— (1) Are you in favour of the election being left in the hands of the directors? (2) Are you in favour of election by the individual vote of suppliers? - The ballot papers returned showed that 197 suppliers favoured the first issue and 59 the second, seven votes being informal.