COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18580, 14 December 1934, Page 16

COMMERCIAL

SCOURED WOOL DEMAND

JAPAN AND GERMANY

A Hastings wool-scouring firm has received advice by cable that both Japan and Germany will shortly be operating freely on New Zealand scoured crossbred wool of 36/38 quality.-—Hawke’s Bay Herald.

BUTTER DOWN AGAIN

BELOW 70/- PER CWT

A further decline lias taken place in |lie markets for Now Zealand butler and cheese. Finest has dropped 2s per cwt. since yesterday, and now stands at 09s. Cheese is (id, to Is. lo wer.

Messrs. Joseph Nathan and Company report to-day as follows: “Butter, finest (595, cheese, white, 435, colored 42s Od. Both markets are weak.”

.Many men who laugh at and pay for tin* .mutability of fashion in ladies’ attiiv are given to following the more frequent variations of the sluire market. A month or two ago investors in New Zealand were keen on banks and Government securities. To-day, in Dunedin at any rate, those investments are not so much in demand. The swing of tin 1 pendulum is towards industrial concerns, and in a market 4,hat is as buoyant as usual -at tills time of the year, when business of that sort ordinarily becomes relatively inactive, the firmly established companies’ bonds are held very tightly, sellers refusing to part witli them unless at prices that leave narrow margins of profit. It is a good tone on which to shut down temporarily—an indication that the people have faith in their own industries.—Dunedin Star.