DAIRY PRODUCE TRADE

Dominion, Volume 26, Issue 88, 7 January 1933, Page 14

DAIRY PRODUCE TRADE

Butter and Cheese Quotations : ! LONDON MARKETS QUIET - London, Jan. 5. The butter market is slow. Danish, 110/- per cent.; choicest salted New Zealand and Australian, 83/- to 84/- per swt.; unsalted . New Zealand, 87/- to 89/-; unsalted’Australian, 85/- to 87/-. The cheese market is quiet. New Zealand white,. 50/- per cwt. ; coloured, 56/to 57/-; Australian white, 49/-; coloured, 54/-. to 55/-. Samuel Page and Son, London, report to Dalgety and Company, Ltd., under date Jan. 5, as follows (last week’s figures in parentheses):—Butter: Market quiet. Danish, 112/- to 114/- (120/- to 122/-) ; New Zealand finest salted, 82/to 84/- (83/- t0.85/-) ; Australian finest unsalted, 86/- to 88/- (86/- to 88/-); Australian finest salted, 82/- to 84/- (82/.to 85/-); Australian G.A.Q., 80/-.to 81/(79/- to 81/-). Cheese: Market steadier. . Australian white, 48/- to 49/- (not quoted) ; • Australian coloured, 55/; (not quoted) ; New Zealand white, 49/- (01/to 52/-) ; New Zealand coloured, 56/(55/- to 57/-) ; spot price for Canadian white,' 60/- to, 68/- (60/-. to 68/-)’; spot price for Canadian coloured, 60/- to 68/(60/- to 68/-). ’ .' ' ' - ' Cabled advice received - from London by Mr.. G. A. Mills, under, date January 5, gives the following market prices as ruling at the close of business on Thursday:—Butter: The market is slow. New Zealand finest, 83/- to 84/-; firsts, 82/to 83/-; unsalted, 86/-. to 88/-; Danish, 110/- to 112/-; Australian, 83/- to 84/-; Argentine, 78/- to 84/-. Cheese: The market is steady. New Zealand white, 49/- to SQ/-; coloured, 56/- to 57/-;, Canadian white,. 64/-. to'66/-; coloured, 65/- to 67/-. A. S. Paterson and Co., Ltd., advise having received cable advice yesterday from J.' and J. Lonsdale and Co. (London), Ltd., as follows:—Butter: Market is quieter owing ’• to Continental buyers not being interested in Danish. Danish, 90/.- f.0.b., 110/- landed: New Zealand, 83/-,> 84/-; Australian, 83/-. Cheese: Market quiet and prices easier with the exception of coloured owing to the market being' bare of stocks. White, 49/-; coloured, 57/-(nominal). ” ’ ' BRADFORD TOPS MARKET Merino and Fine Crossbreds Up Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd., report having received cabled advice from their Bradford agents regarding the tops market reading as follows:—Merinos and fine crossbreds, id. up; medium and coarse crossbreds, steady. There is a fair amount of inquiry, but only a little business passing. Top-makers are protecting themselves in view of developments in the raw material market. SYDNEY STOCK EXCHANGE General Tone of Confidence (Received Jan. 6, 10.10 p.m.) Sydney, Jan. 6. TheSydny Stock Exchange business today covered a wider range and there was a general tone of confidence. Banks continued strong. Commonwealth bonds were irregular with slight losses in most issues, but prices were still well above the pre-vacation level. Bank of New South Wales, £3O/2/6; Commercial Bank of Sydney, £l6; Colonial Sugar, £52/12/6; Burns, Philp, 48/6; British Tobacco, 32/9; Austral Gas A, £6/18/-; Tooths, 34/7J; Tooheys, 21/6; Goldsbrough. 24/9; Dunlop Perdriau, 17/3; Australian Glass, 44/-. Morning Sales. —Commonwealth Bonds. 4 per cent., 1938. £1(51/13/9: 1944. £lOl 16/3; 1957, £lOl/17/6: 1959. £lO2/5/-; Bank of New South Wales. £3O; Commercial Bank of Sydney. £l6; Austral Gas (A). £6/18/6; Wineheombe, Carson, 23/6; British Tobacco, 32/9: Tooth’s, 34/6. Melbourne, Jan. 6. Sales: Goldsbrough, 25/-: Adelaide Steam, 20/9; Nestles, pref., 31/6; Commercial Bank of Australia, 15/9. GLUT OF POTATOES IN N.S.W. Consignments Dumped The marketing of the present, potato crop in New South Wales was discussed ata meeting of the Lower Clarence Farmers’ and Settlers’ Association, when the president said that several fanners had approached him on the matter. There was a glut in Sydney, and a number of shippers were receiving bills for dumping ■charges. . He said that .one Clarence River grower had forwarded a consignment of 200 bags and had received an account for £4O, for dumping fees. Other farmers had received bills for 30/- and up to £5. In other years as much as £23 had been realised, and it was a remarkable thing that potatoes had never previously been dumped in such quantities and prices been so low. The secretary said that he had been informed by one farmer, who sent a big shipment of. an extra good sample, that his return was 4/7i. A LAST OPPORTUNITY Lyttelton Harbour Board Redemption Loan i Investors desirous of taking advantage of the Gilt-Edged Investment presented by the Lyttelton Harbour Board’s Redemption Loan should make immediate application. So freely have applications come to hand that the Board hopes within a very short time to announce the Loan “fully subscribed.” Terms of the issue are as follows:— (a) The Loan is for £136,000 for ten years from January 1, 1933, at 5J per cent., payable half-yearly. NOTE: As the interest payable to investors is not subject to 10 per cent, tax (as are loans issued before April 1, 1932), the interest-bearing value is comparable with a rate of 5} per cent. Interest accrues on accepted application money from date of its receipt by the Board. (b) Application money is free of exchange and the principal will be repaid free of exchange on January 1, 1943, in Christchurch, or at any branch of the Bank of New Zealand in New Zealand. (c) The Security for the loan is the Lyttelton Harbour Board's undertaking and its revenue, subject to existing charges. The public debt of The Lyttelton Harbour Board which (at the present time is only £289,375) compares more than favourably with that of any other main port of New Zealand. Excess of assets over liabilities is £899,914, including cash assets totalling £228,895, at September 30, 1932. Copies of the Prospectus are obtainable from Mr. C. H. Clibborn, Secretary, Lyttelton Harbour Board, Christchurch (who will also receive applications for debentures j.—P.B.A. ‘