DAIRY PRODUCE.

Manawatu Standard, Volume LIII, Issue 237, 4 September 1933, Page 5

DAIRY PRODUCE.

BUTTER MARKET FIRM. - CHEESE QUIET BUT STEADY. There was a further firming in the London butter market last week, on an active demand, and prices closed on Friday at 925-935, with up to 94s being paid in some cases, an advance of 2s to 3s on the week. The cheese market showed very little change, prices being steady on a quiet demand.

Business is roported in butter for forward shipment up to middle of September at 103 d per lb f.o.b. for “finest” grade, and id per lb less for first grade. There are no inquiries for cheese shipments so far as can be ascertained locally (says a Wellington report). The New Zealand Producers’ Co-operative Marketing Association’s weekly cabled market report from London, dated September 1, is as follows: —Butter: Market firm. New Zealand, 945. Danish, 105 s. Cheese: Market firm. New Zealand white, 48s; coloured, 51s. Mr A. C. Rowson reports, dated London, September 1: Cheese, white, 48s per cwt; coloured, 50s. Canadian, 493 6d per cwt, c.i.f. and e. The demand is slow, and the market steady. Butter: First grade, 92s per cwt; finest grade, 93e. The demand is good, and the market firm.

RAW MATERIALS. RUBBER AND COPRA EASIER. LONDON, Sept. 2. Friday’s closing prices' for tho following raw materials were as follow, thoso for August 25 being in parentheses: —Cotton : Liverpool quotation, good American middling, spot 5.60 d a lb (5.53 d); October delivery, 5.46 d a lb (5.43 d). Rubber: Para, 5d a lb (sid); plantation smoked ribbed sheet, 3 25-32 d a lb (3 23-32 d). Jute: Scp-tember-October shipment, Indian jute, Dundee quotation, £6 7s 6d a ton (same). Copra: Septembcr-October shipment, South Sea, £lO a ton (£lO ss); plantation, Rabaul. £lO 2s 6d a ton (£lO 7s 6d). Linseed oil: £2l 5s a ton (£2l 15s). Turpentine: 48s a cwt (48s 9d). Osmiridium: Unchanged. The statistical position of tin at the close of August, as compared with July, was as follows : July Aug.

Tons Tons World visible supplies 37,436 33,126 Straits carry-over 6,966 5'??? Supplies 8,242 Deliveries 10,065 11,714

WELLINGTON STOCK EXCHANGE. LAST WEEK’S BUSINESS AND PRICES. There was unusual activity in the stock and share market last week, and the volume of trading recorded- on the metropolitan stock exchanges was heavier than for months. Business was fairly well spread over a wide range of securities, but flic bulk of the turnover was in banks, pastoral, brewery, moat and gold-mining shares. Buyevs operated with confidence, and substantial gains were registered in many cases, notably in brewery, moat, and mining shares. Gilt-edged securities continued in favour, there being an active demand for Government loans and local body debentures. Tho former wove rather fimly held and trading was not heavy. The 4 per cent, stocks, 1340, wore SjJJ 1 , 0 at £IOO 17s 6d to £lOl 2s 6d; tho 1946 s at £IOO 5s to £IOO 10s; tho 1949 s 1 at £lOl 2s 6d to £lOl 7s 6(1; and the 1950 s at £IOO 5s to £IOO 10s. The 4 per cent, bonds, 1940, had a sale at £lOl ss, the 1955’s at £IOO 5s and tho 3i per cent, ctock, 1938-52, at ' £lOl. Amalgamated Brick 7A per cent, debentures, 1944, sold at £9l 10s. and Glaxo, 61, per cents., 1945, at £BS. Wright, Stephenson 5 per cent, perpetual stock was trailed at £Bb iIK Banks showed a firming tendency, New Zoalands being most active m a tairly largo turnover. Australasias, which arc always firmly hold, advanced on sales from £ll 16s 6d to £l2 2s. Commercial of Australia showed a hardening tendency, sales being mado at 15s 9d to 16s M; the preference were traded at £8 14s 9d and «8 14s. Commercial of Sydney were brill sellers at £l7 9s to Is higher anil E.Sand A.’s showed little change at £5 6s bcl and £5 6s. New Zcalands were active sellers at 48s 2d up to 48s 6d and the longterm mortgage shares traded at 32s 9d to 335. Now South Wales were done at £32 7s 6d to 5s higher and Union Banks improved from £9 4s to £9 8s 6d. National o,f Australasias, £lO paid, sold at £l3 Is 6c! and the £5 paid at £6 4s to £6 4s 6cl. Pastoral shares reacted to the advance in the Sydney wool market. Dalgetys wore done at £9'2s 3d and Goldsbrough, Morts sold freely at up to 29s sd. National Mortgage sold to 45s and New Zealand Loan and Mcrcantilcs advanced to £47 10s. New Zealand Guarantee Corporation were bettor at 6s 8d to 6s lOd, and there was a deal in the preference at 21s 6d. Insuianee shares were strongly hold, business being very restricted. A.P.A. s sold at 11s 3d Nationals at 17s sd, New Zcalands at 52s 6d and South British moved up to 71s Wellington Gas shaded on sales from 33s' 8d to 33s 6d. Auckland Gas sold at 23s 3d and tho contributing at, 17s. Breweries were a very active market, notably Now Zcalands, which mado substantial gains in heavy trailing. Opening sales were made at 35s lOd and -the high level was reached at 395, prices casing toward the end of the week to 37s 9d. Staples were also in favour and there was active buying at 25s 4cl to 26s Bd, a penny higher being paid in 011 c instance, Tooth s were firmei at 37s 9d to 38s 3d and Toohoy;s were done at 22s 7d. Dunedin Breweries sold at 23s 6(1. A feature of last week’s market was the notable advance in Now Zealand Refrigerating shares. The 10s paid, which opened at 7s sd, were heavily traded and advanced to 8s lid, a gain of Is 6(1. Tho fully paid sold at- i7s 6d up to 19s 2d, an advance of Is 8(1. A year ago the 10s paid were selling at, 4s 5d and tho £1 paid at 11s 9d. Gear Meats firmed on sales from 30s 9cl to 325, and Canterburys from £9 10s to £9 13s. Southland Meats were firm scllors at 51s to 51s 3d for the fully paid and 25s 9d lor tho contributing. Miscellaneous shares were quiet, but firm. Colonial Sugars sold at £SB, Now Zealand Newspapers at 26s 4d to 26s 6d, W llson's Cement at 34s 3d to 34s 7d, New Zealand Paper Mills at 28s. Farmers’ Fertiliser at 15s 11(1 to 16s, British Tobaccos at 34s 4jd to 355, Bcatlis at 27s and Australian Glass at 495. Electrolytic Zinc, preference, firmed from 32s 3d to 33s 4d and tho ordinaries from 22s 6d to 23s There was much activity in gold-mining shares and substantial advances were mado by several leading issues following tho high prices ruling in London for gold. Blackwators opened to sales at 35s Id and advanced to 38s 3d, shading later to 37s sd. Consolidated sold at 17s to 17s 6d. a gain of 2s 2d. Waihis were traded at 25s 3(1 up to 26s 7d and Grand Junctions at 4s to 4s l£d. Bell Hoopers were firm at 9d to lid, as wore 801 l ICilgours at Is 4d to Is 7d. King Solomons advanced to 2s 7d. Alexanders fully paid sold at 24s to 235, and the 13s 6d paid casod from 23s 6d to 20s 3d. A heavy turnover was recorded in othor gold-mining shares. SATURDAY’S QUOTATIONS. Buying and soiling quotations at Saturday morning’s call on the Wellington Stock Exchange were as follow: — Buyers. Sellers.

N.Z. GOVT. LOANS- • £ S. d. £ s. d. 4 p.c. Bonds, 1940 .. ..101 0 0 ■— 4 p.c. ditto, 1946 ..100 5 0 — Rural Advance Bonds — 98 10 0 p.c. Ins. Stock, 1939-52 ..100 12 6 — 3i p.c. ditto, 1938-43 .. .101 0 0 — p.c. ditto, iy<5b-52 ..100 12 6 — • 4 'p.c. ditto, 1946 .100 5 0 — 4 p.c. ditto, 1949 — 101 10 0 4 p.c. ditto, 1955 ..100 5 0 100 12 6 DEBENTURES — Chch. City, 5£ p.c., 1944 ..100 0 0 — Dunedin City, 54 p.c. .’.100 1944 15 0 Well. City, 5£ p.c., 1940 ..100 10 0 — Well Harb. Bd.,.5£ p .c., 1940 ..100 0 0 — Makonta JJgc. JJd., b p.c., 1946 — 95 0 0 Well. Gas Co .102 10 0 — Well. Racing Club .. . 94 0 0 — Amid. Brick and Pipe — 93 0 0 BANKS— Australasia *12 0 0 —

Comrcl. of Aust., ord. 0 15 11 — National of N.Z 4 1 National of Australasia, 0 £10 paid — 13 4 0 Ditto, £5 paid 6 3 6 — 0 New Zealand 2 8 6 2 9 Ditto, “D” long term 1 13 0 — 6 Ditto, Melb. reg. ... 9 5 FINANCIAL— 6 — Goldsbrough, Mort. and Co 1 8 National Mortgage. 9 - “B” 1 6 9 N.Z. Guar. Corp., ord. 0 6 N.Z. Loan and Merc., 10 0 7 0 ord. stock 46 10 0 — Well. Invest., T. & A. 0 4 3 — Well. Trust, Loan- ... 3 16 HAS — 0 3 Ditto, eontrib 0 13 0 — 0 Wellington, ord 1 13 Ditto, pref 1 1 3 1 13 10 6 — INSURANCE— National of N.Z 0 17 3 — South British 3 10 3 — Standard *2 19 Mi' A1 PRESERVING— 6 Gear Meat, cum righte 1 11 9 1 12 3 N.Z. Refrig., 10s paid 0 8 InanSPORT— 11 0 9 2 Union Steam, pref. ... 1 3 WOOLLEN— 3 ■ Wellington, ord 5 2 COAL— 6 0 13 2 ICaitangata 1 1 TJ.vIBLk— 6 — Leyland-O’Brien 0 16 0 0 18 0 BR It A KK1 Eb — N.Z. Breweries 1 18 2 1 18 5 Staples and Co — M'J -.LAN ECUS— 1 6 10 British Tobacco. Aust., ord *1 14 3 — D.I.C., pref 1 0 Electrolytic Zinc, ord. 1 3 9 1 1 3 6 i’.l, i ll o.i lie /.llll d p.e., part prof *1 13 0 —* N.Z. Drug *3 7 N.Z. Fanners’ Fer0 9 0 16 9 N.Z. Paper Mills 1 7 0 — Sharland and Co., ord. 1 0 Wilson’s Cement, cum. 0 ~ rights 1 14 6 — 0 2 0 Mctters (N.Z.), Ltd. — 0 9 10 Pres.igu 1 N.Z.p Liu. pref Were’s Invest., Trust 0 4 0 1 2 6 OIL— Moturoa, ord 0 1 10 0 2 7 Taranaki 0 2 .V i.Nli — 1 0 2 4 0 1 8 Gillespie’s Beach 0 2 Golden Sands +0 3 1 0 — 0 6 8 King Solomon 0 2 4 0 0 8 Mount Lyell 0 1 2 1 Nokomai 0 3 0 6 6 Waihi 1 8 0 1 b b Bell Hooper — 0 i 0 Bell Kilgour — 0 1 8 *Cuin. dividend. fEx dividend.