COMMERCIAL.

Hawera Star, Volume XLVIII, 23 August 1924, Page 6

COMMERCIAL.

dairy produce. LATEST QUOTATIONS. BUTTER AND CHEESE FIRM. BY CABLE—PB.ESS ASSOCIATION—COPYRIGHT LONDON, Aug. 21. The butter market is firm, with a good demand. New Zealand choicest salted is quoted at 206 s to 208 s. and the few lots of nnsaltcd available at 216 sto 218 s. Australian salted is quoted at 20t)s to 2025, Siberian at 160 s to 1765, and Danish at 212 s to 218 s. The cheese market is firm. New Zealand white is quoted at 94s to 96s and coloured at 925. Australian coloured is quoted at 88s to 90s. HIGHER GRADES APPROVED. INVERCARGILL. Aug. 22. At a. large meeting of dairy suppliers, which was addressed by Mr W. M. Singleton (Director of the Dairy Division), it was unanimously resolved, recognising that dairy produce was meeting increased competition overseas, to approve the raising of the grades of both butter and cheese. CONTROL BOARD’S REPORT. The N.Z. Dairy Control Board, reporting on August 19, state: We have to-day received the following cable from the overseas delegation: Large stocks of Canadian cheese make the immediate future of cheese somewhat uncertain. Butter prospects good. We give below the figures relating to the export of butter and cheese for the first two months of the Canadian season. The cheese figures are almost identical with those for the same period during 1923. Whilst- no later figures are yet to hand, we understand that an increase of 10 percent to 12 per cent is expected in this season’s cheese figures. Advice from New York indicates that there is an increase in the cheese production in the dairying States.

Exports from Canada, Ist May to 28th June.—-Boxes butter: 1924, 2062; 1926. 960. Boxes cheese: 1924. 113,771; 1923, 143,296. Quantities of butter and cbec-se graded in New Zealand For twelve months ended 31st July (figures supplied by the Dairy Division). —Butter: 1923, 67,830 tons; 192-1, 61.811 tons. Cheese: 1923. 61.220 tons; 1924, 73,947 tons. Butter shows a decrease of 8.9 per cent. Cheese shows an increase ot 20.7 per cent. On a butter-fat basis there is a decrease of 0.17 per cent in production. For the- single month of July butter increased by LI per cent and cheese decreased by -13 per cent.

Shipments of butter from Australia for eleven months ended 31st- July.— 1922-23, 24.496 tons; 1923-24, 22,461 tons.

Shipments from Argentine (figures supplied by Dairy Division). —For July, 1922: 450 tons butter, 959 tons cheese. July, 1923: 756 tons butter, 4/0 tons cheese, 1150 tons casein. July. 1924850 tons butter, 115 tons cheese, 1225 tons casein. Advice from the Argentine indicates that they are having a very severe winter. “Co-operation Community Settlement and Rural Credit Act” of New South Wales— Our attention has recently been drawn to this Act, and several of the provisions appear to be specially applicable to New Zealand, and would rectify some of the disabilities under which the New Zealand producers are suffering. Air. H. -A. Smith, registrar of companies in Sydney, recently referred to the following advantages: It gave producers free" ,dom to alter their articles by a special resolution carried at one meeting, as compared with the cumbersome and expensive method under the Companies Act. Exemption from State income tax on undistributed profits, which would include depreciation at a limber rate than allowed by the Income Tax Act; also reserves of any description, and the balance carried forward. Exemption from all fees and stamp duties in the registration of the company.

ADDINGTON MARKET. CHRISTCHURCH, Aug. 20. I lie Addington market entries to-dav ttere up to the average, with the exception -of .at. cattle. Through the noilbolding of the sale during Grand National week there were shortened supplies held by butchers,'and there was ht’on sale lor all classes of slock, i'at Sheep.—Over the first half values were better than Just sale hv up to ]s 6d a head, but in the finalstages the demand weakened to last week s rates. Extra prime wethers 57s 9d, prune 45s to 50s, medium 40s to 4U, light 34s to 395, extra prime ewes oo }. ( \ 40s. medium 33s 6<i, light 29s to 355, old 25s to 28s prime hoggets 35s to 40s. Fat Cattle. A few small lines of hem-over North Island cattle were included, otherwise the entrv was Canterbury stuff. In spite of the excess /lo in 111111 !et values were up bv £2 to £2 10s a head in cases of specially good heel. Prune made 36s 6d to 40s, medium 33s 6d to 36.5. inferior 25s to 43s per 1001 b; extra prime steers £l9 Jos to £l7, medium £l2 5s to £l4 10s, lght £8 to £l2, extra prime heifers £l-3 .prune £9 5s to £ll Lis. ordinary £b to £9. extra prime cows £l3 to £ls /s_ f,d prime £8 Lis to £ll. ordinary £o Lis to cp.

Dajrv Cattle.—Best prices were up to £< 10s. Many serviceable but lowconditioned cows sold at from £3 io

i at . |irs.-—A small yarding. with aeivo (kMimml and good prices. Choppers . I l ' t<> -C'S 10s, light haconers C 4 1 os |,)S ‘ 1l0!lv T en to £0 10s, iiveraue ))or 11. 9d to Kkl; light porkers £‘> 10s t o£B os, heavy £3 10s to £] m aver“Sc nor ]l. Old to 1 OUT. C A N T K It 0U R Y Y F A R K LTS. CHRISTCHURCH, Aug. 22. Potato values ltave come back with a nm. Tip to £7 os f.o.b. sacks in was paid for tubers by the Navua at the beginning of the week, and £7 oy the NYmgatui, which is now to sail to-morrow instead of on Tuesday, -Notwithstanding this exceptional advance, potatoes can he bought to-dav lor the Wingatui at £6 7s~Gd a ton', ine explanation is that once the Auckland shortage was filled by this week’s shipments from Lyttelton prices bad to recede to the Victorian parity. Up to £u 10s was being offered farmers at tbe beginning of the week, and £4 10s abonf represents values to-day. Deliveries are very free, but the YYingatui lias bad to be delayed a day to allow local deliveries to be effected. The vessel’s eonsigmnents will constitute a record, for the year, exceeding 12.000 sacks. The local market- for '•'eufeinber has ranged—it cannot b? said have steadied—about £5 los a ton f.o.b. sacks in. A shipment of Canadian oats arrived to-day. The demand for local oats is

somewhat weaker and i'.o.b. sacks iu values are about 6s, and on trucks os 6(1. The seed market is absolutely lifeless. AUCKLAND SHARE MARKET. AUCKLAND, Aug. 22. Stock Exchange sales. Stock, 192<-41, £9B 7s 6d; Soldiers’ Inscribed Stock, £lOl 7s 6d; City of Auckland debentures, 1940, £96- Bank of Australasia, £l3 18s 6d; Commercial Bank of 30s- National Bank of New Zealand. £6 15s; Union Bank of Australia, £T4 17s 6d ; Rotoiti Timber, 24s 3d; Colonial Sugar (Australia), £44 ss. LONDON TALLOW MARKET. The Bank of New Zealand, produce department, has received the following advice from its London office under date August 20: Tallow—There is a fair demand, and prices remain unchanged/ Dalgety and Company, Ltd., report having received the following calilegiam from their London house under date of the 20th instant: Tallow— Eight hundred and five casks of tallow offered; 375 casks sold. Since our last report prices are unchanged. CIIUTCHINGS SALE. Messrs Murray, Roberts and Co., Wellington, report: The second sale of crutchings was held on Thursday, when we submitted a catalogue of 582 bales out of a total of some 3900 bales. The attendance of buyers was fully equal to last June sale, and all main lets of medium and good crutchings were keenly competed fovr. Although the high figures realised at last sale were not in evidence to-day, the prices were, on the whole, not very much below the average lots of last sale, and probably the wool catalogued was not quite up to the standard of the June offerings. Prices show a decline approximating Id per lb on superior sorts, average medium lets being about -Id to Id easier. Heedy and low crutchings were Id lower. It -must be remembered, however, that since June the wool market as a whole has shown a decidedly easier tone. Some few lots or fleece wool were offered, and these, felt keen competition at a very good range of values. The folio wing is the range of prices current at the sale: —Crossbred, fine, 18jd to 25Jcl; do. medium to coarse, lid to 19d; pieces and bellies, 84d to 18;fd; locks and stained pieces, 7d to 9-i-d; crutchings; lambs’ ~l2d to 18|, halfbred 14d to lSgd, crossbred superior 14d to 16d, medium to good ].2d to 15d, seedy and inferior 7d to lambs, 6ld to 21fd.; dead, 7gd to 15id.