COMMERCIAL.

Poverty Bay Herald, Volume L, Issue 16348, 4 February 1924, Page 9

COMMERCIAL.

(Elec. Tel. Copyright—United Press Assn.i lAuttrunaa unii S.2* Cable Aswiemi mil." LONDON, Feb. 1. The demand for butter is slow and prices are unchanged. Cheese is in active request. New Zealand white 102 sto 103 s per ewt. There is much speculation regarding the effect of unusually heavy supplies due next week, when five vessels from Australia and New Zealand are expected with 100.000 crates of cheese and 190,C00 boxes of butter. Unless the present demand increases considerably, prices must fall owing to the heavy supplies. The Wade suggests that, if possible, shipments ought to be made more evenly in order that there may be no risk of a slump in prices. Tallow stocks amount to 2676 casks. Imports during January were 1457 casks, and deliveries 3114. Cotton quotation, American middling upland. March delivery, 19-40 d per lb. Rubber: Fine hard para, l2 per lb. ; plantation, first latex crepe and smoked ribbed sheet, 13gd to 14rl. Jute : Native Indian first marks, Febru-ary-March shipment, £26 per ton. New Zealand hemp, January-March shipment, £35 per ton. Copra: South Sea bagged, FebruaryMarch shipment, £29 5s per ten. Linseel oil, £46 per ton. equal to 3s B£d per gallon. Turpentine, 80s per ewt., equal to 6s (Wd per gallons. LONDON, Feb. 2. Sheep: Argentine, medium wethers, 7£d. heavy 6£d. Lambs : Canterbury, light l0?d. medium 10,'id ; selected brands, light lOd ; North Island, firsts 91,(1, Frozen beef: Australian crops, 4d ; Argentine fores, 4d ; Uruguay binds. 4,^1. Chilled Argentine fores. hinds 6!}d; Uruguay fores hinds 6J,d.