COMMERCIAL

Northern Advocate, 15 August 1931, Page 16

COMMERCIAL

DAIRY PRODUCE

BOTH MARKETS IMPROVE.

(Special to '‘Northern Advocate.") AUCKLAND, This Day.

During the past week there lias been an advance in the price of New Zealand butter on the London market of about 4/ a cwt, principally owing to the improved tone in Continental affairs. Quotations for cheese, which were easier in sympathy with butter, have also moved up 1/ to 2/ a cwt. Messrs Dalgety and Co., Ltd., have received a cable from London, dated August .13, which states: —The butter market is firm, owing to a break in arrivals, and also because of the improvement in the Continental position. Top prices are nominal. New Zealand finest grade, salted, 112/ to 116/; Danish, 120/ to 124/; Australian, finest nnsalted, 110/ to 112/; finest salted, 108/ to 112/; general average quality, 102/ to 106/. Cheese: New Zealand, white, 60/ to 62/; coloured, 62/ to 64/; Canadian, white, 60/ to 62/; coloured, 60/ to 64/; Australian, white, 58/ to 60/; coloured, 60/ to 62/, The market is firm.

GRAIN AND PRODUCE,

SOUTHERN BUSINESS DULL,

(Par Pr««» AiWodatTou.—CopyrlgTjt.7 CHRISTCHURCH, This Day. With the Grand National Carnival Week there has been a general lull in business in the Canterbury grain and produce markets, and there arc no alterations to report. The potato market is as weak as ever. The general quotation is 35/ per ton, f.0.b., but sales have been made at slightly below that figure. To farmers they are worth 17/6 to £1 a ton, on trucks. In other sections of the market little business Is passing. Fowl wheat is firm at 5/11 a bushel, f.0.b., for prompt delivery.

TROPHY POR DAIRYMEN.

WEDDEL CUP REPLACED

1 (Special to “Northern Advocate.”) ! AUCKLAND, This Day. j Another cup for competition among I dairy factory managers has been presented by W. Weddcl and Co., Ltd., of London, to replace the VVeddel Cup recently won outright by the Ngatea factory, of the New Zealand Co-oper-ative Dairy Co., Ltd,, which attained the highest average points for three successive years. The cup has been competed for annually since 1907 and. aroused keen interest among the but-ter-producing factories throughout, the Auckland Province, -Messrs A. H. Turnbull and Co., Ltd., Auckland, have received advice from Messrs W. Weddel and Co., Ltdstating that they are pledsed to replace the cup for competition among Auckland dairy factories. The cup is presented through the Auckland Agricultural and Pastoral Association for annual competition. The factory obtaining the highest average export giade points for the season becomes the holder of the cup, and should it retain it for three successive vears wins it outright.

WEST or ENGLAND PORTS,

SHIPMENT OF BUTTER

Tlio following letter was received yesterday by the .Springhead Co-opera-Uvo Dairy Company, from Messrs E. S. 1 aterson and Co., Ltd., agents for Messrs Lonsdale- and Company:— ■“We propose shipping 7a boxes of your butter to the West Coast of England on the s.s. Port Gisborne, loading at Auckland on September L We will be glad, therefore, if you will send this butter specially marked for the following ports: Avonmouth, 50 boxes; Manchester, 25 boxes. There is no need to put the full name of the port, as these can be abbreviated as follows; Avonmouth, “AVON”' Manchester, “MCHE." As the Port Gisborne. commences loading on September .1, it will be necessary to have this butter in the freezer not later than August 27. ”

The company proposes to ship the butter as requested.

NORTHERN STOCK SALES.

The North Auckland Farmers’ Cooperative, Limited, report holding sales at Maungakaramca, Waipu and Kamo during the week. Although prices were not a great deal higher, there

seemed to be a better tone around the sales. At Maungakaramca on Tuesday they had a very fair yarding of springers, which sold at slightly better prices, making £3 .10/- to £5 15/-; fat cows, M .15/- to £6 5/-. Fat wethers brought £.l, and fat hoggets, IT/-. They also yarded .130 store pigs at this sale. Weaners, 14/- to 17/-; slips, 18/6 to 24/(1; stores, 25/- to 34/-; one sow, £4 5/-. “Store cattle were hard to quit. At Waipu on Wednesday, they again had a. big yarding of dairy cattle, and every beast offered sold readily at better than late rates. Springing heifers, £3 16/- to £7 5/-; dairy cows,. £4 10/- to £9; fat cows, £5 10/- to £G 10/-; stores, £2 10/-; forward wethers, 14/7; store pigs (weaners), 14/(5, (slips) 24/to 24/6.

At Kamo, on Thursday, another big yarding of dairy cattle came forward, and again sold well. (Springing hei.icrs, £4 10/- to £6 7/(1; dairy cows, £3 10/- to £9; yearling Jersey heifers, £2 9/-; fat cows, £4 5/- to £G; fat ewes, ox Fell, Pakaraka, 18/(1; small hoggets, 6/G to 7/2; in lamb aged ewes, 10/-.

BUTTER AND CHEESE.

LONDON ADVICES. i

The New Zealand Producers’ Co-op-eiaLvo .Marketing Association reports the following London (‘able news, dated ,14th inst.— Butter; Market firm. New Zealand, 112/ to ll(i/; Danish, 122/. '<Tee.se: .Market firm. New Zealand "kite, bl/ to (j;.-!/j coloured, (3.1/ to (14/.

FLOW OF OIL.

lasted two hours.

(Special to “Northeri. Advocate.*’) NEW PLYMOUTH, This Day. following the insertion of a bailer, there was a further flow of oil at the Motnroa Oil Field No. 2 wed yester'la}. On the bailer being withdrawn! the well began to flow freely, and the j control head had to be closed. There was considerable leaking around the rope where it passed through the eontiol head, mid 2d barrels of oi! flowed into 11n* cellar, A further 73 barrels I Honed into the big panics. The flow j lasted for over two hours. I Aller the pressure had eased it was j lound that oil still filled the pipe nithin .->(> feet, of tlie surface. It is i intended to insert 2-inch tubing as a packer, reducing the oize of the out-