COMMERCIAL

Northern Advocate, 15 June 1931, Page 10

COMMERCIAL

DAIRY PRODUCE, NATHAN AND CO.’S REPORT. In their monthly market report, dati.l .lime .11, Messrs Joseph Nathan ,-ind Co., Ltd,, state that the sales of Imltcr in stove ami to the end of the season continued during May, but Ciese operations were chiefly confined to one or two buyers only, the highest price paid being 'that to the Elthani factory of 1/OJ for 15,000 boxes. During the lasf week spasmodic sales have been made at 1/0 1-8, but buying appears to have ceased, either through the fulfilment of orders or lack of suitable butter.

The increase in consumption is being steadily maintained, and stocks at the end of May were about 50 per cent, lower than stocks for the same period last year. The statistical position continues satisfactory, and with the uncertainly of the early season ;conditions on the Continent, the prospects for butter would appear to be bright over the next few months.

This year will see an extension of the policy of spreading shipments of New Zealand produce over a longer period than formerly. Previously, it was the general belief that returns would suffer considerably if New Zealand produce met new season’s from the Northern Hemisphere. While this may be true as regards the bulk of the New Zealand season’s shipments, it is evident that, to satisfactorily cater for customer’s .requirements, they must be able to purchase supplies of Now Zealand all the year round. Shipments of New Zealand butter and cheese this year will therefore be larger during the off season than has been the case in previous years. In .sympathy with butter, cheese quotations have also appreciated. Some buyers have picked up small parcels at from 5d to 5-1 d per lb f.0.b., possibly with the idea of recouping some portions of the losses incurred on their earlier purchases at 6d per lb f.0.b., a figure which the market never reached.

Taking the position as a whole, however, the outlook for any real improvement does not look too bright, although it has been recorded in some quarters that 60/ will be obtained in the near future. The stock position at the end of May showed in store, London, 198,000 crates, against 110,161 foi the same period of 1930. While deliveries for the month are ahead, it will be some considerable tirrie before they overtake the supply.

■Strong recommendations have been received from London for improvements in the quality of Now Zealand cheese, and it is more than, likely that standardised cheese will cease to be exported after this season. If so, it is to’ be hoped 'that the stocks in London will be liquidated before the arrival of the new season’s full-cream cheese.

Messrs Nathan have received the 4'ollowihg cable, dated 13th inst., from their London principals, Messrs Nathan and Trengrouse: — ? Butter: Still expecting improvements next week; present price 110/. Cheese; Dull, White, 53/ to 54/; coloured, 57/. FRQZEN MEAT. ' PRICES AT SMITHFIELD. LONDON, June 13, The weekly quotations for the undermentioned classes of frozen meat are based on actual sales of wholesale' quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smithfield Market Or ex London stores. They are compiled by the Quotations Committee, Smithfield:— Now Zealand Sheep.—Canterbury and North- Island crossbred wethers and maiden ewes, 48 to s(slbs, spl; 57 to (i4lbs, sd; (15 to 721 bs, 4 5-8 d; North Island crossbred wethers and maiden ewes, 48 to s(slbs, sd; 57 ’to 1541 bs, 4p]; (55 to 721bs, 41 d; ewes under 48lbs, 4 3-8 d; 48 to G4lbs, 4d/ 65 to 7-lbs, 3j{d. f Australian -Sheep. First quality! crossbred and merino wethers, 40 to (551bs, 4d; 30 to 551bs, 4d; ewes, 30 to 551bs, 4d. Argentine Sheep. —First quality crossbred wethers, 48 to (54lbs, 4 5-8 d; (15 to 721bs, 41 d; over 7211)8, none offering. Patagonian Sheep. —"Wethers and maiden ewes, under sdlbs, 41d; 50 to (JOlbs, 4',d; ewes, 4ij to 50lbs, dpi. Xmv Zealand Lamb. —Canterbury, 3(11 hs and under, 7 7-Sd; 37 to 421bs, 7 5-Sd ; 43 to 501 hs. 7d; second quality, average, 301bs, 7d; other South Island brands, 3(!lbs and under, 7-2 d; 17 to 421 bs, 7 3-Sd; 43 to 501bs, 7 1-8 d: elected North Island brands, inclining Downs, 3(51 hs and under, Sd; 37 o 4211 rs. 7pi; 43 to 501bs, 7pl; second juality, average 301 bs, 7d ; other j S’ortli Island brands, first quality, 3(j bs and under. 7}d; 37 to 421bs, 1 - St!; second quality, average 30lbs, 5 7-Bd. Australian Lamb.— Victoria, first piafity, 3i'lbs and under, G3-8d: 37 o 42J1 -s, (spi; second quality, 3(slbs ud under, (Id; other states, first quaity. 3Clbs and under, fid; 371bs to 42 j bs, 5Jd; Victoria, second quality, 3(5 1 1 bs and under. (i 1-8 d; other states, ecoud quality. 3(slbs and under. 1-Sd; all Stales, third quality, b l-Bd. Argentine Lamb,—First quality, 3b as and under, fi.'l-Scl; i!7lbs to 421bs, 1-Sd; second quality, average, 30 j js, Grid. S

Uruguayan Lamb. —First, quality, .hi lbs and under, Aid; second quality, 07 to 421bs. fid; third quality, average 301bs, (id. New Zealand Beef—Ox fores, ICO to 2201b5, none offering; other sorts, none offering. Australian Beef, —Ox trots, under lOOibs, 2d; over Ididbs, 2 l-8d; ox hinds, under ICOlbs, fid; over ICOlbs, did. Argentine Chilled Beef. —Ox tores, 100 to 2201b5, 2 7-8(1; ox hinds. ICO to 2201b5, 6 3-Sd. New Zealand Pigs—First quality, CO to lOOibs, average POlbs, ssd; 101 to 120 lbs, 5Jd. WAIKATO SALEYARDS COMPANY. A SUCCESSFUL YEAR. (Special to “Northern Advocate.’’) HAMILTON, This Day. Another successful year was reported at the annual meeting of the Waikato Central Saleyards Co., Ltd., and a dividend of C per cent, was declared. Mr E. Goodwin was re-elected chairman. This is his 14 th successive year in that position.

NORTH AUCKLAND LIME CO. DIRECTORS’ REPORT. Operations of the North Auckland Co-op. Lime Co., whoso works are situated at Waikiekie, for the period ended March 31, show a net profit of £SOB. The company has made satisfactory .progress In recent years. At March 31, 1027, the accumulated losses stood on the company’s books, at £2217. These losses have since been mot, and the profit and loss appropriation account shows a credit balance of £2l, after paying dividends on preference shares amounting to £BO. The directors’ report states: “Duning the year considerable structural alterations have been made to the building, the tramway has been relaid, a new 76 h.p. engine has been installed, and the whole is now in a most efficient condition. The whole of the above has been carried out without addition to capital. We have now completely wiped out the deficit incurred during the earlier years of operations, and so have carried out the policy indicated in a previous report of recouping losses without depreciating share values. Had normal conditions obtained, - it would have been possible to have paid a dividend on ordinary share capital.” The annual meeting is to be held in Whangarei on Friday, June 20.