DAIRY EXPORTS.

Manawatu Standard, Volume LVIII, Issue 121, 21 April 1938, Page 5

DAIRY EXPORTS.

SMALL INCREASE IN BUTTER. DECREASE IN CHEESE. i Tlie latest returns ot exports of dairy produce for the eight months ended March 31 show an increase of 1789 tons of butter and a decrease of 1474 tons of cheese, compared with those for the corresponding period of last season. Exports for this season’s period have boon 108,149 tons of butter and 53,327 tons of cheese. Shipments during March amounted to 15.184 ton's of butter and 10,028 tons of cheese. Details of the exports of butter for the eight months ended March 31 are o-iven in the following comparative table: ° 1937-38 1936-37

tres at 29,366 tons are down by 816 tons. Exports to Honolulu, Panama and the West Indies total 1113 tons, a decrease of 113 tons. Under the new trade agreement 1000 tons have gone to Germany, as against none last year. Exports to “other countries” at 2212 tons show an increase of 1715 tons. Britain continues to be practically the only overseas market for New Zealand cheese. Exports for the eight months ended March 31 compare as follow: 1937-38 1936-37

Shipments of butter from Australia last month totalled 8192 tons, compared with 6466 tons for March, 1937, an increase of 1726 tons. For the eight months to March 31 exports of butter totalled 65,122 tons, as against 51,450 tons for the corresponding period of last season, an increase of 13,672 tons. FOREIGN EXCHANGES. ON NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales, Wellington, quoted the following rates for th.eir purchases and sales of foreign exchange yesterday :

O.D. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a .New Zealand currency basis. They are subject to alteration without notice. U.ifi.A. Canadian.

, LONDON, April 19. On the London Stock Exchange quotations of bank shares, and other corporation debentures and stock compare with previous quotations as follow :

; LONDON, April 19. The official London (middle) quotations, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follow:

Tons. Tons. 74.458 74.455 Cardill' ... 8,682 7,085 Liverpool 6,155 6,613 Manchester — 7,834 8,752 Glasgow 6,695 7,732 Honolulu 300 . 545 Panama 605 ' l 430 West Indies .... 208 251 Germany 1.000 — Otlicr countries 2,212 497 Total tons 103.149 106,360 Shipment* of butter to London show no change, hut tlio: : e to West of Britain con-

Tons. Tons. London . 42,014 45,870 Avonniouth and Cardiff .. . 5,587 4,390 Liverpool . 3,548 2,749 Manchester . 3,623 3,364 Glasgow . 3,448 3,293 Other countries 107 155 Total tons . 58,327 59,801

New Zealand, on London— £N.Z. to Buying. Selling. stg.100 .... T.T. 124 124/10/0 Australia— O.D. 123/10/0 124/8/9 100 £A to £N.Z. T.T. 101 100/10/0 Fiji— O.D. 101 100/10/0 100 £F. to £N.Z. T.T. 90/7/6 89 New York — Dollars to O.D. 90/7/6 89 £N.Z. T.T. 4.0387 4.0040 Montreal— Dollars to O.D. 4.0487 4.0030 £N.Z. T.T. 4.0578 4.0254 France— Francs to O.D. 4.0698 4.0294 £N.Z. T.T. — 125.28 Hong Kong— N.Z. pence O.D. 125.32 to 1 dollar .. T.T, , 18i 181 Japan— N.Z. pence O.D. 18 7-32 181 to yen T.T. — 17 33-64 Shanghai— N.Z. |ience O.D. 17 33-64 to dollar .. T.T. — 16 63-64

SellingL)ol. Per JJol. (Per £1 N.Z.) £1 N.Z.) T.T O.JJ 4.017-16 4.033 Buviml' — O.D. .... 4.05| 4.07b LONDON STOCK EXCHANGE, LATEST QUOTATIONS.

Apr. 5. Apr. 19. Banks — £ s d £ s d 7 8 9 : 7 15 4 1 0 0 K.S. and A 4 0 0 Union of Aufct 6 6 0 • 6 13 9 N.S.W 24 10 3 24 10 0 National of N.Z. ... 2 2 0 2 2 0 New Zealand Others— 1 13 8 1 13 0 British Tobacco 1 17 4£ 1 17 4£ Goldsbrough Mort . 1 5 0 1 5 0 Dalgcty 6 10 0 6 10 0 P. and 0. defd. ... N.Z. Loan and Merc. 0 19 9 1 2 4£ 4 p.c. dob 91 10 0 90 10 0 N.Z. Loan and More. ord 28 0 0 26 10 0 Mining share quotations: Clutha River, buyers Is 7£d. sellers Is 10id; Molyneux River, buyers sellers Is l£d. BASE METALS MARKET. COPPER AND TIN SLIGHTLY FIRMER.

-April 13. April 19. Per ton. Per ton. Copper— £ s. d. £ s. d. Standard, spot .. .... 39 16 10| 40 4 4! IJitto, forward .. .... 40 3 1! 40 10 0 Electrolytic .... 44 5 0 44 10 0 to 45 5 0 45 10 0 Wire bars .... 45 5 0 45 10 0 Lead — Spot 15 13 1! Forward .... 15 18 4! 15 13 1± Spelter— Spot .... 14 1 10! 13 18 1! Forward 14 1 10! Tin— fSpot ... 170 2 6 170 17 6 Forward .... 170 17 6 171 12 6 Silver — Standard, per oz .. 1815-16d 1315-16d Fine .... 20 7-16d 207-16d +Anrerican, 39.90 cents a lb.