JANUARY DIVIDENDS.

Evening Post, Volume CVIII, Issue 149, 20 December 1929, Page 14

JANUARY DIVIDENDS.

Interest and dividends usually receivable in Wellington during the month of January are as follow: 5 per cent. War Stock and Bonds (1930), 5% per cent. Discharged Soldiers' Settlement Stock and Bonds (1933), Australian Bank of Commerce, Commercial Bank of Sydney, National Bank of New Zealand, Union Bank of Australia, New Zealand and River Plate Land, New Zealand Farmers' Co-op. OVz per cent. Debentures ,(1945), Wellington Trust and Loan, Broken Hill Proprietary, A,- 8 per cent., New Zealand Shipping Company 6 per cent, preference, Wellington Woollen Manufacturing Company, ordinary and preference. New Zealand Breweries, Ltd., British Tobacco, cum. preference, Australian General Insurance, Cheneyt (Motors), 8 per cent., cum preference.

BUTTER AND CHEESE

STATE OF THE MARKET

There is no improvement in prices for ,New Zealand dairy produce in the London •market, and it would appear that consumers are still unable or unwilling to pay the prices demanded. The markets for butter and cheese, however, are now reported steady. Messrs. Joseph Nathan and Co. have advised their clients that their London principals advise that no improvement can be expected for "at least four months." They state that the present position has been brought about by continued depression in trade, restricting the purchasing power of the public, combined with the atrocious weather recently experienced. This has caused an accumulation of stocks iv London, and buyers naturally have been drawing only hand-to-mouth supplies, relyiug ou stored butter to help them over anj; shortage between steamers. Speculative interest is nonexistent, and there is no confidence in the market. Production still continues to be heavy in other countries. "Possibly (Messrs. Nathan continue) some factories may be giving serious consideration to the question of holding at the London end for an improvement in values, but in view of our information we would suggest that factories think twice before deciding, on such a policy, which, in our experience, generally is a costly one in the end." Factories tend to overlook the fact that while holding butter in store storage charges and interest eat up quite a considerable sum, and to cover this the ultimate prices returned would need to be quite a few shillings per cwt. in advance o£ the price they would have received had they sold on arrival. Advances have now been reduced to Is 3d per ]b for butter and 7%d per 1b for cheese as from the 18th instant. Latest cablegrams from London received by Messrs. Joseph Nathan and Co. from Trengrouse and Nathan state: — New Zealand butter, 160s per cwt; market quiet. New Zealand cheese, white 89s~per cwt, firm on covering short sales; coloured, S6s per cwt, slow. Messrs. A. J. Mills and Co., Ltd., London, under date 19th December, advise Mr. G. A. Mills, Wellington:—"Butter: The market is quiet, but steady. New Zealand finest, 158s to 1625; New Zealand first, 15Gs to 158s; Danish, 172s to 1745; Australian, 154s to 1565. Cheese: The market is steady. New Zealand, white 80s to 90s, coloured 87s to 88s; Canadian, white 95s to 965, coloured 95s to 965." Messrs. Dalgety and Company, Limited, have received the following market advice from their head office, London, under date of the 19th December. Messrs. Samuel Page and Son report:—Butter: Market very slow. Danish, 168u to 172s (176s to ISOs); New Zealand, finest salted, 156s to 160s (160s to 1645); Australian, finest imsalted, 160s to 162s (166s to . 170s); 'Australian, finest salted, 154s to 157s (158s to 1625); Australian, 6.A.Q., 150s to 152s (lo4s to 1565).. Cheqse: Market quiet for Canadian. Market steadier for New Zealand. New Zealand, white 88s to 89s (88s to 89s); New Zealand, coloured, S7s to 88s (S7s to 88s); spot price for Canadian, white 94s to 98s (94s to 98s); spot price for Canadian, coloured, 94s to OSs (94s to 9Ss). (Last week's quotations shown iv parentheses.)