LATE COMMERCIAL

Sun (Auckland), Volume I, Issue 306, 17 March 1928, Page 9

LATE COMMERCIAL

SOUTHERN EXCHANGES TO-DAY’S SALES Christchurch.—National Bank of Australasia (£5 paid), £8 17s 6d; Goldsbrough Mort, 49s Id: New Zealand Refrigerating (con.>„ 7s 6d; Christchurch Gas (7s 6d paid), 8s 7d; Beath and Company, 33s 6d (two parcels); New Zealand Government, 4’* per cent.. Inscribed, 1938, £97 12s Gd (three parcels). Reported: New Zealand Refrigerating (con.), 7s 7d. BUTTER AND CHEESE A. H. Turnbull and Co.. Ltd., report receipt of the following cable from their London principals, W. Weddel and Co., Ltd.:— Butter.—Danish, 190 s to 1925; New Zealand, unsalted, 174 s to 180 s; New Zealand, 172 sto 1765: market firm. Cheese: New Zealand, white and coloured, 99s to 100 s; market steady. Canadian, white, 106 s to 108 s; coloured, 104 s to 106 s. IRON ORE DEPOSITS DOMINION POSSIBILITIES New Zealand imports iron materials to the value of £2,000,000 annually, according to Mr. J. A. Heskett, works manager for the Onakaka Iron and Steel Company, during the course of an address delivered to members of the Auckland Stock Exchange yesterday. Much of this could be produced in the country. At Onakaka there was every natural advantage, stated the speaker, and the iron ore deposits were estimated to yield over 20,000,000 tons of highly saleable ore. With the proper plant this could be placed on the market at a price well within the world's bes? oar it;.-.