A VALUABLE CARGO

Northern Advocate, 23 September 1927, Page 3

A VALUABLE CARGO

STOWED IN PORT CAROLINE

ESTIMATED AT £250,000,

(Special to “Northern Advocate.’’) AUCKLAND, This Day,

In the holds of the Port Caroline, which sailed from Auckland on Monday en route to Wellington, there to complete loading for "London, was stowed dairy produce from this province to the value of £250,000. The Ruahine, which sailed a few days earlier, was freighted with 30,058 boxes of butter, but that was| a meagre shipment beside the Port Caroline’s 50,021 boxes of butter and 3007 crates of cheese. The advance value of the Port Caroline’s Auckland diary cargo alone was in excess of estimating on the basis of the advances of Is 5d for butter and 84d ' for cheese, while the actual selling values were even greater.

It is only within the past few days that advances totalling over a fifth of a million, in respect of the Port Caroline's cargo have been made available. The effect of the release of such a large sum of money must have a beneficial commercial reaction within a very short period. The shipment is the largest of the new season’s produce to date and will be followed by others at fairly regular intervals. It serves as an index as to what the industry means to the province, especially in times such as the present when production is remarkably prolific and the market at a payable level and rising. LATEST QUOTATIONS. (Special .to “Northern Advocate’’) AUCKLAND, This Day. Messrs Nordon and Co., have receiv-J ed the following cable, dated September 22, from their London principals, Messrs Andrew Clement and Sons, Ltd.: —Butter, salted, 184/ f.0.b., equivalent 1/5.95; unsalted, 188/, f.o.b, equivalent 1/6.36, The price is likely to go higher unless Australian and Argentine conditions improve. Cheese, white and coloured, 102/, fo.b. equivalent 9,25 d. Market firm with upward tendency.