DAIRY PRODUCE.

Manawatu Standard, Volume LIV, Issue 307, 24 November 1934, Page 5

DAIRY PRODUCE.

CURRENT VALUES IN LONDON. Cabled advice received from A. J. Mills and Co., Ltd., London, gives the following market prices as ruling at tile close of business on Thursday: Butter: The market is slow. New Zealand, finest, 74s to 755; firsts, 72s to 735. Australian, choicest, 73s to 745; first grade, 72s to 735. Danish (spot), 116 s, (f.0.b.), 945. Siberian, 72s to 735. Baltic States, 72s to 745. Cheese: The market is slow. New Zealand, white, 50s; coloured, 495. Canadian, white and coloured, 52s to 535.

Dalgety and Co., Ltd.', are advised under date November 22:—Butter market slow. Danish, 115 s to. 116 s (120 s). New Zealand, finest salted, 72s to 75s (74s to 765). Australian, finest unsalted. 72s to 74s (74s to 765): finest salted, 72s to 73s (74s to 765). Australian, g.a.q., 70s to 71s (72s to 735). Cheese market slow. Australian, white, 48s; coloured, 48s. New Zealand, white, 50s (525); coloured, 49s (51s). Spot price for Canadian white, 53s to 55s (52s to 555); coloured, 53s to 55s (52s to 555). Last week’s quotations shown in parentheses. J. and J. Lonsdale and Co., Ltd., London, report as follows:—Butter: Market slow. New Zealand, 745; Australian, 735. Cheese: Market weak. White, 49s 6d to 495; coloured, 495.

WOOL, SKINS AND HIDES. PALMERSTON NORTH SALE. A BUOYANT TONE. There was a very buoyant tone prevalent at Abraham and Williams, Ltd.’s, monthly sale of wool, sheepskins, hides and tallow held at Palmerston North on Thursday, when competition for all classes came from all quarters. Wool: The demand was good, with values on a par. Sheepskins: Competition was Jof the best, particularly for fullwoolled skins and values were on a par to better. Hides: These were keenly sought after, realisations improving by |d per pound for ox hides and up to §d per pound for cow hides. Yearlings were slightly easier. Calfskins again improved by to Id per pound. Tallow: The market is better by 5s per ton. The following is the range of values: —Wool: Southdown, BJd to B|d ; fine hogget, s|d to 61d; dead, 4d to 4id; crutcliings, Ist, none; second, none; bellies and pieces, 2Jd to 3d; crossbred, 5d to sjd. Sheepskins, dry: fine hogget, 6Jd to hogget, 4|d to sd; fine crossbred, 5-)d to 6d; three-quarter-full wools, 4)d to sd; quarterhalf wools, 4d to 4|d; shorts, none; pelts, 3Jd to 3|d; dead, 3d to 3sd; lambs, 4d to 5Jd; damaged, none; damaged Ist, 3d to 3^d; 2nd, 2d to 2sd. Hides: Ox heavy, 6d to 6§d; medium, 5Jd to 6|d; light, to sd; cow, heavy, 4|d to s§d; medium, 4jd to 4|d; light, 4|d to 4|d; j'earlings, 5d to 6d; cut, 4d to 41d; calf light Ist, B£d to 9d; 2nd, 71d to 7Jd; cut, to 6§d. Tallow: In tins, 10s 6d to 12s; in drums, super, none; Ist, 14s 3d to 15s 3d; 2nd, 12s ,6d to 14s.

GRAIN AND PRODUCE. LONDON, Nov. 22. Wheat cargoes are firmer and parcels are easier. Futures: —London, December, 18s lid; February, 20s 4d; April, 21s per quarter; Liverpool: December, 4s B|d; March, 5s OJd; May, 5s 3d per cental. The spot trade is slow. Australian, exship, 255. Flour is quiet. Australian, ex-store, 20s to 20s 3d. Oats, peas, and beans are quiet and unchanged. CHICAGO WHEAT FUTURES. NEW YORK, Nov. 22. Chicago wheat futures:—December, 98 cents a bushel; May, 971 cents; July, 911 cents. New York, cash 106 cents. MELBOURNE MARKETS. MELBOURNE, Nov. 23. Wheat is 2s 5d to 2s 6d per bushel. Flour is £7, bran .£4 15s, and pollard £5 per ton. Oats are Is lOd to Is lid, barley (English), 2s lOd to 3s 2d, and maize 3s 7d per bushel. Potatoes: Red soils, £5. Onions: Globes, £6 5s to £6 10s; silver skins, £5 5s to £5 10s; Brown Spanish, £5 to £5 ss. CANTERBURY MARKETS. Per Press Association. CHRISTCHURCH, Nov. 24. The week has been practically lifeless in the grain and produce trade. The rain has improved the crop prospects as although the crops had been looking particularly well the spell of warm weather had dried up the lighter land.

Fowl feed remains firm at 3s 9d a bushel, f.0.b., s.e., and in an odd case it is reported this price lias been exceeded. There is not a great volume of inquiry, but the business continues steadily. Oats show little change in value, but there is no demand. The southern quotation is 2s 4d f.0.b., s.i., for A Ga.rtons. Nominal local quotations are 2s 5Jd. There is no merchants’ business with farmers, but the supply of A grade Gartons is very small in North Canterbury.

Except for a few small parcels going north the potato market is finished for the season and prices nom-' inally are from 47s 6d to 50s f.0.b., s.e. As a rule at this period of the year some speculative interest exists in the forward market, but the unsatisfactory experience of forward buyers in the last few years and the uncertainty of the embargo position with Australia are not conducive to speculative activity. The small seeds market is very dull and little business is passing. Conditions look well for the new crop, but it is much too soon to form anything more than a general estimate of the position.