DAIRY PRODUCE

Dominion, Volume 31, Issue 190, 10 May 1938, Page 14

DAIRY PRODUCE

London Butter Market Firm The London butter market was firm last week, according to the report supplied by the Primary Products Marketing Department to the Dairy Board. Friday’s closing prices, with those for the previous week in parentheses were as follows: — New Zealand, salted, 128/- to 129/1128/- to 129/-; a year ago, 104/-) ; unsalted, 130/- (129/-; a year ago, 106/-). Australian, salted, 127/- to 12S/(127/- to 128/-) ; unsalted, 128/- to 129/(127./- to 128/-). Danish. 108/- f.0.b., .130/- spot (107/-, 128/-1. Dutch, unsalted. 125/- to .127/- (125/to 126/-). Lithuanian, salted, 128/- to 129/-. Retail prices are 1/4 a lb. for New Zealand, and 1/3 for Danish. The quantity of New Zealand butler in •store was 5505 tons, as against 6031 tons a year ago. Australian butter in store amounted to 5117 'tons, compared with 5578 tons a year ago. The basic rates fixed under the New Zealand guaranteed price scheme, subject to quality differentials, are 123/8 for butter, and 70/44 for cheese per cwt., f.0.b., New Zealand currency. The equivalent landed price for butler in Loudon is 112/-, and for eheese 67/-. The guaranteed price for butter io equal to 13.25 d. per lb., f.0.b., and the current London quotation is equal to 15.45 d. New Zealand ports. The equivalent price for eheese is around 7.74(1. per lb., f.0.b.. compared with the guaranteed price of 7.54(1. 'file chees'd market, was quiet. Closing quotations, with those for the previous week in parentheses, were as follows:— New Zealand, white, 68/6 (68/- to 68/6; a year ago. 70/-I : coloured. 69/(68'6 Io 69/-; a year ago. 70/-), Australian, white. 6(5/- to 67/- (66'to 67 -I ■ coloured, 67.'- Io 68/- (66 •'- to 67/6). (‘aimdian, white and coloured. 77'- io 78'- i’77 '- Io 78/-). N.Z. Pound Abroad Based mi figures quoted by the Bunk of New South Wales, (lie New Zealand pound, compared with its original pur value, is equivalent Io approximately :— 'il/l in London. yl 0/1 in Australia il o in I'.S.A. i 'l) In r,'Hindu. ■; 1-2,'SV in France. 5J in Italy. >,'.S in Germany. H/I>i in .fava. £l/8/14 in Japan.

Dividends And Calls

Sharland and Co.—hit., 2J p.e. Mosgiel Woollen —hit., 4 p.e. .. Dental and Medical Supply— May 10 May 13 May 16 E. S? & A. Bank —int., 34 p.e. (less tax) May 16 Cash Orders (Anrnlg.)—int., quarterly, 15 p.e. p.a May 1G Nemona Gold —2d. a share .. May 16 National Insurance —int.. 4d. May 17 Younghusbaud. Ltd.—final, 5 pc Bycroft Ltd. —final. 4 p.e. ... May 17 May 17 Donaghv's Rope and Twine— —final, 1/- a share .May 19 N.Z. Paper Mills—final, 4 p.e. May 19 Dnlgety and Co.—int., 3/- a share (sterling) less Brit. int t *i .May 20 Tui Brewery—int., 5 p.e May 21 P. and 0. deferred —int., 24 p.e. May 24 Nat. Bank of Australasia — .May 25 Bank of New' South Wales— G/- a share Mar 2G Equitable Building—2 p.e May 26 N. Wairarapa Building Sony.— final, 3 p.e., making 54 p.e. for year May 26 Westport Coal—int.. Cd. a share May 27 Lohnna Gold Mines—1Z- a share May 27 Union Steam —pref., int., 23 May 31 Fanners’ Trading—final A and B pref. 5 3-5 p.e. per annum. C. nref. 5 p.e. per annum .. .May 31 Dominion Fertiliser—G p.e. ... June 1 Taringamutu Timber—int.. 2-J June .1 Swan Brewery—half-yearly, pref., C p.e.: ord., Gd. a share nnd bonus 3d. a share Jone 1 Henrv Jones Co-op.—int., Gd. a June 1 Broken Hill Ppty.—1/3 a share June 1 Imperial Chemicals—final. 54 Jun. 1 Bank of N.Z.—final, ord., 1/- a C* i 1 H I* t * June 10 North Kalgurli (1912)—final(1937), fid. a share; int. (1938), Gd. a share (both less Eng. inc. Tax) J une 11 Broken Hill South—fid. a sharJane 1:> Mount Lyell—int., Gd., a share June 20 Fairymead Sugar—final. 4 iv July 2 CALLS. Burns Philp— now, 5/- n share Get. 1