Business Gossip

Sun (Auckland), Volume 1, Issue 66, 9 June 1927, Page 2

Business Gossip

London Fruit Markets— Under „ June is, the Auckland office of thi v'“ Zealand Fruit Export Control rT’ advise receipt of the following IS? front its London representative -Ai fruit from the Delphic has been L tically cleared, while the Ar K vlk?~ has commenced discharging: market is steady. Soft fruits wni i placed on the market next week J following prices for apples are quo:!? Cleos. 16s to ISs a case; Sturmer ar Statesman, 15s to 17s; Jonathan Delicious. 12s to 16s; Dunns and Borne, 15s to 16s. NEW BREWERY COMPANY The Consolidated BreAytrv, Ltd „T registered yesterday, and the a”,' meeting of the provisional director was held, when a number of share, considerably in excess of the mini, mum subscription, were allotted. MAngus Bunting, of Auckland, was appointed chairman of directors. The company proposes purchasing th Hawk Brewery. Napier. In the prospectus it was stated that the minimuni subscription on which the directors could proceed to aJotment was 17.00* shares. A total of 30.000 £1 shares are offered.

LONDON MARKETS

FOREIGN EXCHANGES By Cable.—Press Association.—Copyright LONDON, Tuesday. The following rates on foregn exchanges are current to-day, as compared with the cabled quotations on June 2 and par:

THE METAL MARKETS (Quotations on June 2 in parentheses' Copper.—Spot, £54 14s 43d (£54 J* 43d); three months, £55 6s 10Jd (£55 3s 13d.). Lead.—Spot, £25 6s 3d (£25 3s 9d!. three months, £25 15s (£25 10s). Spelter.—Spot, £2B 17s 6d (£2B 17s 6d); three months, £2B 18s 9d (£2B ISs 9d). „ Tin.—Spot, £295 7s 6d (£292 16s 3d ; three months, £2BB 17s 6d. Silver. —Standard, 26 3-16 d (26Jd) p<r ounce; fine, 28Jd (28 5-16 d). —A. and P».<* STORAGE IN BRITAIN MEAT BOARD PROPOSAL FARMERS NOT SATISFIED ( Sjtecial to THE SUN.) WANGANUI, To-day. The proposal of the Meat Produce's Board to erect cold storage accomnwdation in England brought forth a strong protest from Mr. Gregor McGregor (Waverley), of the Farmer? Union executive to-day. He pointy out that it w T as most unjustifiable t - penditure, involving £1,000,000, whicr would have to be borne by the of the Dominion. If there wrere a Bhoi age in the storage space at Home, _ could understand it, but he maint 7®_. that there was plenty of storage in don and space could be leased W board for a year c r two. Moreo • it was doubtful if the meat company would avail themselves of the space it were provided as suggested. R. Franklin suggested that in co® s quence of the farmers’ wrorks disappearing. New Zealand would n* no meat to put into storage at Hcmc Mr. Allan Robinson contended nw if the stores at Home were control by vested interests they would not meat at a reasonable price, ana was a very strong argument in Ia ' of the Meat Board carrying out programme. . Eventually it was decided to as*. Meat Board for information on matter. INDIAN COTTON TRADE TARIFF BOARD REPORT ( British Official Wireless.) RUGBY, Tuesday Representatives of the tions of employers who are in the Lancashire cotton industry to-day in Manchester to consiae report of the Indian Tariff Ko *jj the cotton textile industry, an demands for protection, and tne ■ . sions regarding them of the n ment of India, -which have jus published. maided The Tariff Board had reco f n \^ hiDfinancial assistance for wor* 3 bleaching, dyeing, and finishing ccr . at Bombay, and a bounty for % tain number of years, and majority had proposed that hoU jd port duty on cotton piece &** be increased from 12 to 1» P* for three years. . s poi The Government of India a accepted the recommendations bounty or an increase in impo on piece goods. * the Legislation will be introduced autumn to remove the in J|* p 8 \vh» ch on textile machinery and st was also recommended by 1 . d** The Manchester meeting ptf r dared that this decision pu pf directly affect Lancashire. was expressed that a P®** ll i r eni« nt ! be created in which the reQ be w f '' of the Indian market ' voul “.n'lJtf: increasingly by her om ** a r.i turers in their class of J> by Lancashire in Roods I she concentrates. —A. ana -

June 7. June 2. Par. Brussels (belga) 34.96’ 34.96 5,04; Paris <fr.) .. .. 124.00 124.00 25.22; Stockholm (kr.) 18.14 18.15 18.15: Oslo (kr.) .. .. 18.72 18.71 18.15! Copenhagen (kr.) 18.17 18.18 18.15: Berlin (r.m.) .. 20.50 20.49 20.43 Rome (lire) .. S7.87 86.65 25.22 Calcutta (pence) 17 63-64 17 15-16 24 Yokohama (pee) 22 15-16 22 7-8 241 Hongkong (pee) 25* 24 \ Montreal (dol.) 4.85| 4.85 9-16 4.864 New York (dol.) 4.S5S 4.852 4.866 Amsterdam (fl.) 12.12J 12.13* 1110 Batavia (fl.) .. 12.13 12.13^ 12.10