THE MARKETS IN WAR TIME

Dominion, Volume 10, Issue 3053, 14 April 1917, Page 10

THE MARKETS IN WAR TIME

PRICE OF BUTTER REDUCED HEAVY SUPPLIES ON HAND London, April 12. Tho official maximum price for butter has been reduced by 4s. per cwt. all round. Tho market is disorganised. There are heavy supplies of Danish butter now arriving. It is estimated that there are 250,000 boxes of .Australian and 90)000 boxes of New Zealand butter on tho spot and afloat, but closo at hand. There is very littlo business boing done, as buyers are holding off. The followin;; quotations are given as purely nomiuai: A • itralian choicest, 1905., to 1925. per .cwt.—many linos showing the effects of hot weather prevailing at tho time the butter was made. New Zealand butter, 2045. to 208s. per cwt. Danish butter, 2055. to 210s. per cwt.—Aus.-N.Z. Cable Assn. BONELESS MEAT. / London, April 12. The Board of Trade will allow importers to handle all boneless beef shipped or stored in Australia prior to tho issue of' tho commandeering order here.—Aus.-N.Z. Cable Assn. CONTROL OF TRADE IN HIDES. Melbourne, April 13. A regulation controlling fhe trade in bides has .been gazetted. It compels tanners to niako available up to 75 per cent, of their output for local require-, monts! The Federal Premier (Mr. Hughes) is negotiating with the Imperial authorities to secure freights for export of the surplus. It is understood that the regulation was issued on account of certain tanners, attracted by tho high prices abroad, attempting to export the whole of their output, without regard to local requirements — Press Assn. SHIPPING LOSSES AND THE '~ > MARKETS. Brisbane, April 13. Addressing a. conference hero on the dfficulty of marketing maize, the 'Federal Prime Minister (Mr. W.- M. Hughes) said the shipping; losses were 600,000 tons a month.. Ships were lost faster thaii, they could bo restored.— Press Assn. DANISH MARGARINE'SUPPLIES THREATENED. Copenhagen, April 12. The "Ekstrabladet" states that the oil mill at Aarhuus, which supplies all tho great Danish margarine factories, may be compelled to close'unless it receives early supplies of copra.—Aus.N.Z. Cahlo Assn. •