BUTTER MARKET FIRM

Manawatu Standard, Volume XLVI, Issue 102, 30 March 1926, Page 5

BUTTER MARKET FIRM

COLONIAL CHEESE QUIET. Tho Department of Agriculture has received the following cablegram, dated March 27, from tho High Commissioner for New Zealand, London: BUTTER. Butter market firmer. Official quotations are: New' Zealand —Finest salted: March 27, 174 s to 176 s per ew't. (Is 6id to Is 63d per lb.); March 20, 171 s to 174 s per cwt. (Is Csd to Is 6sd per lb.); unsalted, March 27, 174 s to 176 s per cwt. (Is 6sd to Is 63d per lb.); March 20, 172 s to 174 s per cwt. (Is 6sd per lb). •Australian.—Salted: March 27, 170 s to 174 s per cwt. (Is 6sd to Is 6sd per lb); March 20, 166 s to 170 s per cwt. (Is 53d to Is 6sd por lb). Unsalted: March 27, 172 s to 174 s per cwt. (Is 6sd per lb); March 20, 170 s to 172 s per cw’t. (Is 6sd to Is 6Jd per lb). Other qualities (salted): March 27, 156 s to 166 s per cwt. (Is 4sd to Is 53d por lb). Other qualities (unsalted : March 27, 160 sto 166 s per cw't. (Is 5d to Is 53d per lb). Argentine.—Unsalted : March 2-7, 156 s to 162 s per cwt. (Is 4id to Is ssd per lb); March 20, 156 sto 160 s per cwt. (Is 4sd to Is 5d per lb). Other qualities: March 27, 140 s to 154 s por cwt. (Is 3d to Is 4sd per lb). Siberian.—March 27, 156 s to 163 s per cw-t. (Is 4sd to Is 5Jd por lb.), according to quality. Danish. —March 27, 190 sto 192 s per cwt. (Is Bsd to Is Bsd por lb.); March 20, 193 s to l°4s per cwt. (Is Bid to Is 83d per lb). CHEESE. Colonial cheese is quiet. Official quotations are: English—Finest farmers’ unchanged and firm. Canadian. —Finest coloured: March 27, 104 s to 110 s per civt. (lid to 113 d por lb.); March 20, 104 s to 108 s per cwt. (lid to llsd per lb). White: March 27, 106 s to 112 s per cwt. (llid to Is per lb.); March 20, 104 sto 110 s per cwt. (lid to 113 d per lb). New Zealand.—Coloured: March 27, 97s to 99s per cwt. (10$d to 10id per lb.); exceptional, 100 s per lb. (103 d ped lb.); March 20, 98s to 100 s per cwt. (10$d to 103 d per lb). White: March 27, 96s to 97s per cwt. (10$d per lb.); March 20, 96s to 98s per cwt. (lOid to 10id per lb.); March 27 (exceptional), 98s per cwt. (10Jd per lb). Australian. —Coloured: March 27, 96s to 98s per cwt. (10Jd per lb.); March 20, 96s to 97s per cwt. (10$d to 10$d per lb). Shipments of New Zealand produce arrived this week per s.s. Ruapehu. CASEIN. Baltic casein, £55; Chilean, £42; French rennet, £45 to £55. TALLOW 7 . Tallow spot market remains quiet and no change in prices. WOOL. The wool sales closed on Thursday with a firm tono. Offerings totalled 142,500 bales, of which 119,000 were sold. Competition more widely distributed than during previous series, and more confidence in prices at the close. Compared with last series’ rates, merino and fine crossbred 5 per cent, higher, medium and coarse crossbred par. Average closing rates aro as follow : —6O-64’s (merino), Is Gd to 2s per lb; 50’s (super halfbred), Is 6sd to Is 9d per lb; 48-50’s (fine crossbred), Is 4d to Is 5d per lb; 44-46’s (medium crossbred), Is 2sd to Is 3sd per lb; 36-40’s (coarse crossbred), is lsd to Is 2sd per lb. Next series commence on April 27. HEMP. The Manila market continues dull and easier. “J” grade No. 2 MarchMay shipments now quoted at £4O 10s sellers. Sisil dull and quotations unchanged. New Zealand market quiet and liighpoints, March-May shipments, quoted at £3B, fair £34 10s, value c.i.f. LONDON, March 27. Cotton. —The Liverpool quotation for American middling upland, April delivery, is 9.51 d per ib. Rubber. —Fine hard para, 28$d per lb. Jute. —March-April delivery, £4B 5s per ton. Hemp. —March-May delivery, £3B per ton. Copra.—Mareh-April delivery, £2B 7s 6d per ton. Linseed Oil.—£3l per ton. Turpentine.—64s 3d por cwt. —A. and N.Z. cable.

DAIRY FARMERS’ CONFERENCE.

PROCEDURE DRAWN UP

Dairy factories have now received a circular from the Dairy Produce Control Board outlining the procedure to be followed at the big conference of dairy farmers to be held at Wellington on April 28. Mr W. Grounds will preside. The circular (inter alia) is as follows:

The conference is primarily called to discuss the method of electing the Dairy Board for the purpose of making a recommendation to tho Government. It will be held in the Concert Chamber, Town Hall. Cuba street, Wellington, on Wednesday, April 28, 1926, at 10 a.lll.

Each dairy company, whether cooperative or proprietary, is entitled to be represented either by an individual or by proxy. Each company will require to forward to the offico of tho board, not later than April 23, 1926, a form of authority, duly completed and signed either by the chairman or secretary, setting out the name of cho person entitled to vote for tho company. Unless this form of authority is forwarded to the office of tho board, the dairy company will Jose its right to vote. , The board lias decided to adopt as a basis of voting the decisioi of a conference held in Wellington on May lb. 1922. The conference wi k the most representative conference oc the industry ever held in New Zea’iind. After prolonged consideration of the position it decided tho following voting basis: “Dairy companies to have one vote for every 100 tons of butter up to 500 tons, and one additional veto for every 150 tons of butter or portion thereof. Two tons of cheese to lb taken as equal to one ton of butte }” Tho export figures of Jthe Dairy Division for the year end'd April 30, 1925, will be taken for computing the votes of each company. Votes on all resolutions twill bo decided by calling the roll : lid allowing properly appointed delegates to vote “for” or “against” tho The board is of the minion that only delegates entitled to [vote should be' actually present at Ije meeting. On the basis laid down ite votes of all dairy companies can b? fully exercised.

METAL PRICIfL \ LONDON, (Mark 26. Copper, on spot, £SB 3s 9d per ton; forward delivery, £59 'Bs,9d. jj Lead, £3O l?s 6d and £3l sb. Spelter, £33 2s 6d and £33 7e 6d. Tin, £287 2s 6d and £279 F2s 6d. Silver, standard, 30 3-16 d. por oz.; fine, 32 9-16 d.—A. and N.Z. cable.