COMMERCIAL

Poverty Bay Herald, Volume LIII, Issue 16230, 3 January 1927, Page 14

COMMERCIAL

BUTTER TRADE ACTIVE (Australian and N.Z. Cable Association.) LONDON, January 1. The butter trade continues active and with the improvement in industrial conditions throughout the country, the demand is expected to increase. The out look from the sellers' point of view is I regarded as promising. Supplies from New Zealand and Australia Ibis month are plentiful, hut decreasing. Australian shipments point to something like a shortage before the season closes, and if the consumptive demand is maintained, as seems probable, it would not be surprising to see prices advance, further. ENGLISH MARKETS. LONDON, December 30. Wheat cargoes are in quiet, demand. [Quotations are unchanged. Pavels occasionally are threepence to sixpence •higher. Lois by the Moreton Bay feteb;ed 55s 7J,d and by the Otira and Anehi 1 ses 9os od. Liverpool futures: Ueconi,ber lis l|d; March 10s ojjd; May 10s ; o,' t d. The spot trade is slow and mostly ! nominal. Klour is quiet, Australian, ex store 445. Oats are steady. Peas and beans are neglected. The Bradford wool tops market shows a holiday effect on business, which is practically at a standstill, but the tone |is fairly cheerful.' Quotations .are un- : changed. i Butter is in good demand and prices are firmer. New Zealand controlled 1725, to 1745, unsalted 182 s. best stored "1645, to 168 s, Australian choicest salted 170 s to 1725, unsalted 1765, Danish 184 s. Cheese is in better inquiry at lower prices. New Zealand 93s and 91s. Eggs are dull at 16s to 17s. THE CONVERSION LOAN. LONDON, December 30. The conversion loan met a favorable reception on the Stock Exchange, causing firmness in .gilt-edgeds. An attractive feature is the sinking fund, purchases for which will improve tho price of the new "stock, while the probability ,of a generally downward trend in interest rates will also make ,kt popular. Messrs. M. A. Eliott, Palnferston North, have received cable advice of tho following Smithfield prices for the week ending December 31. These prices are on the "delivered" basis, that is, including storage charges, cartage, etc. ; "Best North Island wethers and/or maiden ewes, 48/56, 56/64 6|d, 64/72. j 0/72 s£d. Ordinary North Island wethers and/or maiden ewes. 48/56, 56/64 6&d; | 64/72, 0/72 s|d. North Island ewes, . U/64 4J[d. 64/72, 0/72 4ttd. New Zealand j prime ox beef (equal fores and binds), j 160/220 4id. Remarks: Lamb not qtiot- ! able; wethers £d to id higher; ewes §d to id higher; beef no change." Dalgety and Co. have received the following cable message from their head office. London, dated December 30:—"Butter: The market is firm, but there is littlo doing. Danish butter, 178 sto 182 s per ewt.; N.Z. Dairy Board minimum price, finest butter, 174 s per ewt, do. first grade butter 172 s per ewt,. Australian finest butter, unsalted 170 s to 172 a per ewt, do. salted. 168 sto 170 s per ewt. Cheese: The mafket is quiet. N.Z. Dairy Board minimum price, finest white, 94s per ewt, do. colored, 94s per ewt., do. first grade, white,. 93s per ewt, do. do. colored, 9es per ewt. Canadian cheese, spot, white, 90s to 98s per cut., do. do. colored, 90s to 98s per ewt.