QUIET BUT STEADY.

Manawatu Standard, Volume XLVI, Issue 48, 26 January 1926, Page 5

QUIET BUT STEADY.

LONDON BUTTER MARKET. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram dated tho 23rd inst., from the High Commissioner for New Zealand, London, giving quotations at that date: BUTTER. Tho market is steady and quiet. New Zealand, finest salted, 172 sto 17Gs per cwt. (Is 6}d to Is 6Jd per lb.); unsaltod, 17Gs to 178 s per cwt. (Is 63d to Is 7d per lb.); other qualities, 162 s to 166 s per cwt. (Is 5Jd to Is ojd per lb). Australian, salted, 1645, 166 s up to 168 s per cwt. (Is ssd, Is 53d, up to Is 6d per lb.); unsalted, 166 s to 170 s per cwt. (Is 53d to Is 61 d per lb); other qualities, salted, 140 s to 160 s per cwt. (Is 3d to Is 5d per lb); other qualities, unsalted, 150 s to 162 s per cwt. (Is 4d to Is 5Jd per lb). Argentine, unsalted, 150 s to 156 s per cwt. (Is 4d to Is 4sd per lb.); other qualities, 140 s to 148 s per cwt. (Is 3d to Is 3|d per lb). Siberian, 140 sto 148 s per cwt. (Is 3d to Is 33d per lb). Danish, 180 s per cwt. (Is 73d per lb). CHEESE. Tho cheese market is quiet. English finest farmers’ unchanged. Canadian, coloured, finest, 106 s, 108 s up to 110 s (llid, lljd to llj[d per lb.); white, 106 sto 110 s por cwt. (llid to 113 d per lb). New Zealand, coloured, 104 s to 106 s per cwt. (lid to llid per lb.); white, 101 sto 102 s por cwt. (103 d por lb). Shipments of Now Zealand produce arrived this week per s.s. Devon and Port Hobart. CASEIN. French rennet £55 to £7l, Danish £54. TALLOW. There was very little demand for tallow at auction, but better business lias been done later. Present quotations are unchanged, with tho exception of mutton, fine 46s por cwt; beef, sweet and mixed 42s to 44s per cwt. HEMP. Manila is easier. “J” grade Janu-ajy-March and February-April shipments sold down to £44 Iss. Holders were firmer at the close, and Febru-ary-April shipments sold at £45 ss. Sisal is dull; Jauuary-March shipments, No 1 Tanganyika, value £44 10s. The New Zealand market is easier for liighpoints. Sellers of afloat and January-March shipments quote £4O. Fair is steady ; J anuary-March shipments sold at £37 ss; March-May shipments are quoted at £36 15s. WOOL. Tho competition at the wool sales was irregular and tho withdrawals frequent, especially in merino. Crossbred is now par to 5 per cent below last closing rates. EGGS. Trade in eggs is quiet. Present quotations are: Danish 26s to 27s per long 100; English, Irish and Dutch 19s to 235; Belgian, French and Italian 17s to 225; Australian 15s 6d to 16s 6d; Argentine and Russian 13s 6d to 15s 6d; Moroccan, Chinese and Egyptian 9s to 11s 6d.

FEBRUARY AND MARCH SAILINGS. Tho Dairy Produce Control Board advises the following allotments of dairy produce for February and early

REDUCED BUTTER SHIPMENTS

CRITICISM IN BRITAIN. LONDON, Jan. 24. The "Westminster Gazette, in an editorial, says: “Before it can approve of the expenditure of a million a year to advertiso Empire goods, the Government should explain why it has not protested against tho New Zealand Dairy Board's reducing butter shipments between now and August to the extent of 10,000 tons, compared with 1925, for the purpose of supplying tho United States, which offered higher prices. “This is merely a foretaste of what the board is likely to do when it controls produce valued at £20,000,000 a year. Australia is organising a similar control of foodstuffs and wool, proving tho short-sightedness of tho ‘Buy British Goods’ campaign, and the fundamental fallacy of the Government’s Imperialist protection policy.” —A. and N.Z. cable.

QUANTITY WITHHELD.

FORTY PER CENT. Per Press Association. WELLINGTON, Jan. 25. The secretary of the New Zoaland Dairy Produce Board advises having received the following cable from its London office :—Butter : Market very firm. New Zealand salted 174 sto 1765; Danish, 181 s; Australian 1665; Argentine 1525. Cheese: Market firm, but quiet. New Zealand white, 101 s; coloured, 105 s. It is estimated that 40 per cent, of the available New Zealand butter is being withheld from the market by dairy companies*

March sailings Steamer. 1 Approxi- Dominion mately. totals. Due < Date. U.K. Butter Chceso Jan. Mar. Kent 24th 2nd — 20,350 Mnimoa 28th 7th 3,483 — Hertford 30th Feb. 9th 30,827 19,307 Ruapehu 6th 16th 39,234 6,000 Pt. Hunter 7th 17th 10,000 — Matatua 12th 23rd 41,377 20,991 Kuinara 12th 31st 20,000 — Middlesex 13th 28th — 7,200 Arawa 7th 28th — 7,200 Pt. Melbourne 17th 27th Apl. 27,000 25,500 Pt. Den’son 24th 1st 18,105 7,270 Ivia Ora 24th 3rd 20,165 14,500 Ruahine 27th Mar. 4th 30,000 Gallic 2nd loth 16,000 — Waiwera 5th 27th 20,000 12,650 Surrey 12th 22nd 31,000 16,247 Norfolk 12th 18th 40,000 27,157 Cambridge 16th 23rd 2,000 9,000