LATE COMMERCIAL

Press, Volume LXIII, Issue 19179, 9 December 1927, Page 7

LATE COMMERCIAL

PRICE OF BUTTER. REDUCTION IN AUCKLAND

(PHESS ASSOCIATION TELEGBAH..) , AUCKLAND, December 8. The retail price of butter will ■ be reduced from to-morrow by the New Zealand Co-operative Dairy Company, Limited, and also, it is stated, by- other firms supplying the city, by one penny per lb "over the counter." The prices to be chaTged for standard brands of the New Zealand Co-operative Company will be:—Superfine and first Bd, second grade Is 7d. The revised prices will be retrospective to the trade as from last Tuesday. PROSPECTUS PUBLISHEP. (AUSTRALIAN AN'D N.Z. AND SUIT CABLE.) (Received December Bth, 9.35 p.m.) LONDON, December 8. The • Auckland loan prospectus has been published. Financial papers comment on it as an excellent investment. AMERICA'S BUDGET. (AUSTRALIAN" AND N.Z. AND CABLE.) "WASHINGTON, December 7. Urging a tax reduction of 225,000,000 dollars, as recommended by Mr Mellon, Secretary to the Treasury, Mr Coolidge presented a Budget of 4,258,793,764 dol* J lars for the next fiscal year, an increase of 244,222,641 dollars. j QUEENSLAND TO JOIN LOAN j COUNCIL. (AUSTfiiLtAW AND N.Z. CABLK ASSOCIATION.) BRISBANE, December 8. In the Assembly the Premier gave notice of the introduction of a Bill to enable Queensland to join the Australian Loan Council. HIDES. (lleceived December Bth, 11.10 p.m.) MELBOURNE, December 8. At tho hides sales, bidding was keen for all weights, and previous values were readily obtainable. TALLOW. | —- ! LONDON. December 7. Tallow—There is a poor demand and sales | were not held this week. •Dalgety aiid Company, Ltd., have received the following cablegram from their London office, dated December 7th: — Tallow—Nothing doing. Prices are nominally unchanged.