Business Gossip

Sun (Auckland), Volume 1, Issue 92, 9 July 1927, Page 4

Business Gossip

London Hemp Values.—Under data July 6 the London office of the Loan and Mercantile Company cabled as follows :

New Zealand hemp, good fair £36 10s, high-point fair £34 10s, low fair £33 ilk

London Produce Value*. —Under date July 8 Norden and Co. advise receipt of the following cablegram from their London principals: New Zealand butter, salted 1625, unsalted 1665; market quiet. New Zealand cheese, white and coloured. 86s; market firm.

Bounty for Pig Iron.—During the last financial year a Government bounty of £5,506 10s was paid to the Onakaka Iron and Steel Company in respect of 3,671 tons of pig iron manufactured at the company’s works at Onakaka, Nelson. The previous year’s bounty amounted to £4,554 18s 2d for 3,578 tons of the iron.

Fertilisers Meet Ready Sale. —Sales of fertilisers during last month are reported to have been approximately three times those of the similar period last year. Superphosphoate is still selling to the farmers at £4 2s 6d a tno on trucks at the works. Blood and bone and potash is also selling freely, especially to potato growers.

South American Beef Trade. — Fat cattle have lately been meeting wltri a better trade at slightly high er values.” writes the South American representative of the New Zealand Meat Control Board. “The state or the livestock business here at present is none too satisfactory, and several failures for considerable sums have lately taken place. The insistence or the freezing companies on only accepting light-weight well-fin*®*®® cattle, and excluding all animals to yield over a certain weight, causea heavy losses to holders of steers,, while store cattle have P ally been selling at high rates in lation to the price obtained for pnn fat young steers.”