CHEESE AND BUTTER MARKETS STEADY

Sun (Auckland), Volume 1, Issue 93, 11 July 1927, Page 2

CHEESE AND BUTTER MARKETS STEADY

AGENTS BUSY QUOTATIONS UNCHANGED With control oft' sales of butt., cheese, agents for London have been busy i„ all Parts Dominion soliciting a share of *** season’s business. As yet n appears able or prepared to rh°„ flri “ reliable forecast of future prosLj? however, any tentative otters for ward deliveries being well belii N figure that would tempt factoriM , a sign contracts. les to The market at Home conti., steady at late quotations, but tS?* 8 cables and Control Hoard remain hazy as to the exact ouane. finding a market and also in rS ' r stocks available. ** ar ° to Danish butter continues to sell prices on a level with the New product parity.

MERCHANTS REPORTS ,v. ri J er t l ate , Ju ! y ' J thp London offlc.. the New Zealand Co-operative Ltd., cabled as follows;—' salted. 162 s a cwt: unsalted“Vlg. £“<'«• quietly steady. Cheese, white ~s* cured S6.s; market slightly three/ Under .late July S, A. H. Turnbulls, Co., are in receipt of the following from their London principals w roi del and Co. Ltd : Butter.—rianlri, iS to lb-s; market slow. New Zealand salted. 165 s to 170 s: sailed. 160 s to '](& market firm. Cheese—New zL,.: • white, 84 s to S«s: coloured. Sss to«<: |SBS2"LSS£d. < i^ adian - wh **- LONDON MARKETS FROZEN MEAT By Cable.—Press Association.-— Copyright LONDON, Saturday. Sheep.—Canterbury, medium, 5 3-gd North Island, light sd, medium 4Jd' Australian, ewes 4 1-Sd; Patagonian light 4id. n ’ Lambs.—Canterbury, seconds Bj<jNorth Island, seconds, 7 7-Sd. Chilled Beef.—Argentine, fores 3 3-Bd, hinds 65d; Uruguayan, none offering. Other meats are unchanged. COTTON, RUBBER, HEMP, ETC. Cotton. —August delivery, 9.04 d (8.96 d) per lb. Rubber. —Para, 16d (16*d) per lb; plantation and smoked, 16Jd (16 7-8 d). Jute. —August shipments, £3l 10s (£3O 17s 6d) per ton. Hemp.—June-August shipments, £35 ( —) per ton. Copra.—July-August, shipments, £25 12s 6d ( —) per ton. Linseed Oil. — £33 (£35 10s) per ton. Turpentine.—39s 3d (375) per cwt. —A. and N.Z. COMMONWEALTH LOAN NOT WELL RECEIVED By Cable. — Press Association.—Copyright LONDON, Saturday. It is stated that the underwriters receive about 90 per cent, of the Commonwealth loan of £ 7,000,000. —A. and N.Z. The loan was 5 per cent, stock, repayable in 1975, or on or after 1945 on three months’ notice. The price of issue was 98, giving an effective yield, presuming redemption at the later date, of about £5 2s 3d. The Commonwealth issued a conversion loan of over £11,000.0(H) on exactly the same terms in April, 27 per cent, being left with the underwriters.

GUM MARKETS REVIEWED TRADE STILL DEPRESSED FEW ORDERS THIS WEEK Both in Europe and America the tendency now is for manufacturers to purchase gum requirements from hand to mouth. The markets are still depressed and, especially in Englard. brokers who can produce samples lor analysis guaranteed true to the parcel under offer receive preference. That, in fact, is the only basis on wjiich some firms are prepared to do business. In the United States of America the vagaries of the demand, ever changing from one grade to another, checks any tendency for importers to handle large parcels unless sold to arrive to the manufacturer. Indications are that little change for the better can be expected in the English market for some months. A brighter tone is registered with regard to Continental business though, as yet little business is reported. Quite a number of small orders ha>e been put through locally during VJ. past week at current prices, and hot the Port Hardy and Remuera. this week, carry parcels for New Y° r and London. . White gums are finding a oeiy market than has been the case i some time, though prices are still vety low. Bled bush is in fair demand » late prices. Good brown steel, * r three-quarter to re-scraped, has ai> been moving slowly, but the dernan is not keen. Black chips, unless * very good quality, are slow sellers, a • the demand seems to be more ana m * for a chip with a high gum conten