COMMERCIAL

Hokitika Guardian, 1 March 1932, Page 2

COMMERCIAL

BUTTER MARKETING. WHANGAREI, February 27. Representatives of all the northern dairy companies, at a conference today approved of the principle of the formation of the Northern Marketing Association to handle the pooled output of the territory. The decision was referred to the various directorates for confirmation, and the conference was adjourned to March 22. EMPIRE DAIRY PRODUCE. LONDON, February 27. The first ship* discharging Empire dairy produce under Imperial preference conditions, the Shaw, Savill C'o.’s Tairoa, • has arrived, in the Thames, with butter and cheese from New Zealand, valued at £205,000. The Pakeha is expected on Monday.

STOCKS AND SHARES 1 . AUCKLAND, February 29. Sales: Colonial Sugar £37 10s; inscribed per cent (193/) £9B; Bank of New Zealand 435; Auckland Gas 225; Farmers’ Trading Co. ss; inscribed 5£ per cent. (1937) £97 10s. WOOL MARKETS. LONDON, February 28. Mr Devereux reports an easier market. Australian hn@ not improved in the markets on this side. The quantity, especially Merino, likely to bo offered at the London sales, next week, is comparatively small. A stronger spot position may be disclosed than the present price of tops indicates. Bradford market: Merino crossbreds tops very quiet, pending the London sales. New business is small, although individual transactions are slightly in buyers’ favour. Yarns show very little change. The difficulties of arranging credits, due to the effects of the tariff, still' largely govern the Continental position. The volume of sales of tops was reduced in Germany last week, Put without material change in prices. The futures markets at Antwerp and Roulryix are quiet. 'Quotations declined five pet- cent, during the week.