Markets and Money

Sun (Auckland), Volume I, Issue 272, 7 February 1928, Page 13

Markets and Money

(Continued) TO-DAY’S SALES SOUTHERN BUSINESS Press Association. Christchurch. —Commercial Bank of Australia (rights), 7s 4d. Reported: Union Bank of Australia, £l4 14s (two pels.). HIDE AND SKIN VALUES HIDE MARKET EASIER Sheepskins met with a firm demand at the Auckland hide and skin sale held this afternoon and sold at late rates. Hides, in sympathy with overseas markets, were decidedly easier and many lots were passed in Values were ?.d to Id below rates ruling a fortnight ago. Prices offered at to-day’s auctions were as follow: . „„„ Hides.—Ox, 4.',1b. to 521 b., 12 3-Sd; o3lb. to 581 b., 12 3-Sd: 591 b. to 691 b.. 13d. Cow, 331 b. to 4lib., 122 d to 132 d; 451 b. up, llid to-12£d. Calf skins, 141 dto laid. Sheepskins.—Shorn pelts, 9 id; threequarter to full wool, medium 14Jd, ditto, coarse. 13d; half wool. Hid; quarter wool, lid; black skins, 9d; hoggets, fine, 14Jd; ditto, coarse, 12 id; threequarter to full wool, salted, 6s 6d to Lis; lambs, salted. Is 6d; lambs, dried, I3:ld COLONIES WILL LOSE UNPRESERVED BUTTER FOREIGNERS’ HARVEST By Cable. — Press Association. — Copyright. Reed. 12.8 p.m. LONDON. Mon. Commenting on preservatives in butter the newspaper “The Grocer,” says that the full effects of the prohibition of preservatives will not be felt in the colonies till next season, owing to the large quantities sold by factories beginning the season on c.i.f. terms; but purchasers are suffering enormous losses, especially upon the best Kangaroo butters, from factories which formerly turned out the best quality. “England has to rely on imported butter, ami naturally desires to give preference to the of her own colonies. These rapidly deteriorate after they are removed from cold storage. Deterioration is only preventable by the use of preservative, so we shall evidently have to rely more and more on Continental countries, who will reap a glorious harvest at the colonies’ expense.—A. and N.Z.