LATE COMMERCIAL

Sun (Auckland), Volume 1, Issue 91, 8 July 1927, Page 9

LATE COMMERCIAL

BUTTER AUCTION SALES PROPOSED INTRODUCTION (Special to THE SUN.) PALMERSTON N., To-day. “That the Dairy Produce Control Board be asked to institute weekly auction sales in New Zealand of dairy produce,” was a remit moved on behalf of the executive at the annual conference of the Wellington provincial branches of the Dominion Dairy Farmers’ Union held in Palmerston North on Thursday. “I think we should defer* this for 12 months,” stated Mr. Small, the speaker maintaining that butter could not be sold in the same way as wool. “There is no harm in the remit going forward to the Control Board,” said Mr. Short. “That body is more capable of dealing with it than we are and, if there is anything in it, they will act in the way suggested.”

It was, however, decided to hold the proposal over for twelve months.

MEW ZEALAND APPLES

By Cable.—Press Association.—Copyright LONDON, Wednesday.

The Port Darwin’s consignment of New Zealand apples sold as follows: Stunners, 14s to 20s; Scarlet Nonpareils, 17s to 19s 6d; Pomes, 14s to 18s 6d; Wolseleys, 14s 6d to 17s 6d.— A. and N.Z.

SOUTHERN EXCHANGES

Press Association. Christchurch.—Sales reported—Union Bank, £ls 12s 6d (cum. div.). On 'Change—N.Z. Breweries (bonds), 23s sd; £?outh British Insurance, 5Ss (two parcels); Dalgety and Co., £l3 13s (two parcels); Christchurch Gas, 24s 3d (three parcels); N.Z. Breweries, 47s 9d; Burns, JPhilp, 38s 6d; Mount Lyejl, 2Ss 4d.

Wellington.—Sales reported—N.Z. Inscribed Stock. 4a per cent, 1939, £97; N.Z. War Loan, per cent, 1939, £97.

JUNE BANK RETURNS

The June returns for the Bank of New Zealand are as follow: Government deposits. £3,283,043: free deposits, £24,741,262; fixed deposits, £21,749,104; advances. £45,244,997; discounts, £1,508,108; circulation. £6,587,001; coin. £7,871,717.

THE HEMP MARKET. —The New Zealand Loan and Mercantile Agency Co., Ltd., advise the receipt of the following cable dated July 6 from their London office:—

Hemp, New Zealand, good fair, £36 10s; high point fair, £34 10s; low fair, £33 10. .