DAIRY PRODUCE EXPORTS.

New Zealand Herald, Volume LXV, Issue 19929, 24 April 1928, Page 9

DAIRY PRODUCE EXPORTS.

BALANCE OF THE SEASON. ESTIMATES OF SHIPMENTS. [BY TELEGRAPH. —OWN CORRESPONDENT.] WELLINGTON, Monday. Estimates of the quantities of dairy produce that will be available for export during the remaining period of the season have been made on a conservative basis, taking into account the relation between production and shipments during the first eight months of tho season in comparison with the previous year. Exports of butter to all destinations from April 1 to August 31 last year amounted to 970,000 boxes. It is now assumed that the exportable surplus for tho whole of the present season will be about equal to that for last season. This will give a total of 520,000 boxes to be exported in the five months as follows: April, 210,000 boxes; May, 100,000; June, 80,000 July, 80,000 j August, 50,000. It is believed these figures are on the conservative side and, should tho winter be a mild one with an early spring, it is quite possible they will bo increased, for at present considerable stocks are held in cool stores for winter local trade and may, under the above conditions, prove to bo in excess of requirements, in which case the excess will be released for export.

The available surplus of cheese for the five months is estimated at 270,000 crates, as against actual exports in the corresponding period last yoar of 406,000 crates. This may be shipped as follows:—April, 100 000 crates; May, 100,000; June, 50,000; July, 20,000. Following are estimates of the arrivals in the United Kingdom of New Zealand butler and cheese from March onward, compared with actual quantities delivered last year:—

DAIRY PRODUCE PRICES. LONDON MARKET QUOTATIONS. A. H. Turnbull and Company have received the following cablegram from \\ r . Weddel and Company, Limited, London, dated April 20:—Danish butter, 178s to 180s; Now Zealand, unsalted, 168s to 1745; salted, 166s to 168s. Rather better demand. New Zealand cheese, white and coloured, 96s to 98s; market steady; Canadian cheese, white, 108s to 112s; coloured, 104s to 106s. LONDON MEAT MARKET. PRICES AT SMITHFIELD. The New Zealand Meat Producers' Board has received the following cablegram from its London office, dated April 20, advising Srnithfield delivered prices averaged for the week ending at that date as follows: New Zealand Withers and Maidens.— Canterbury quality, selected brands, 561b. and under, 6£d per lb.; 571b. to 641b., 6id; 651b. to 721b., sgd; other brands, 561b. and under, 6jjd; 57'b. to 641b., 6d; 651b. to 721b., s|d. Now Zealand Ewes.—64lb. and under, 5 l-Bd.

New Zealand Lambs.—Canterbury quality, 361b. and under, B£d; 43!b. to 501b., B^d; seconds, 9d; selected brands, 361b. and under, 9|d; 371b. to 421b., B£d. Other brands, first quality, 361b. and under, 9jd; 371b. to 421b., B|jd; second quality, 301b. to 321b., average, 9d. Argentine Lambs.—First quality, 361b. and under, B£d; 371b. to 421b., Bd. New Zealand Beef.—Ox fores, 3Jd; hinds, sd; cow fores, 3£d; hinds, 4£d. Argentine Chilled Beef. —Ox fores, 4^d; hinds, 7J,d. Argentine Frozen Beef.—Ox Fores, 4d; hinds, sjjd. Frozen Pork. —Porkers, - 601b. to 801b., 7{d; 811b. to 991b., 6Jd; 1001b. to 1201b., 6^d; baconers, 1211b. to 1801b., 7d. Lamb. —Market strong. Home killed lamb supplies scarce and dear.

Mutton Market.—Wethers are very firm, with better prices owing to lessened supplies of home-killed mutton." Beef.—Market is stronger owing to lighter supplies oit Argentine chilled beef. "Frozen Pork.—Baconers: Nominal prices owing to depleted stocks. Porkers: Market is firmer, with better inquiry. MEAT FROM SOUTH AMERICA. The New Zealand Meat Producers' Board has received a cablegram from its representative at Buenos Aires, South America, advising the following shipments to the United Kingdom for the fortnight ended April 12, from the Argentine and Uruguay:—242,B7s quarters chilled beef; 3015 quarters frozen beef; 83,455 carcases frozen mutton; 82,303 carcases frozen lamb. The quantity shipped to tho Continent of Europe during the same period was as follows: —44,410 quarters frozen beef, and 3961 carcases frozen mutton. NATIONAL INSURANCE COMPANY. INTERIM DIVIDEND OF 14d. [BY TELEGRAM. —PRESS ASSOCIATION.] DUNEDIN, Monday. The directors of the National Insurance Company have declared an interim dividend of 14d for tho half-year ended March 31, payable on May 15.

WELLINGTON WOOLLEN COMPANY [BY TELEGRAPH. —OWN CORRESPONDENT.] WELLINGTON, Monday. >At an extraordinary general meeting of the shareholders of tlie Wellington Woollen Company to-day it was decided by a largo majority to amend tlio articles of association of the company to provide for tho reduction of the board of directors from six to five.

SOUTHERN EXCHANGES. [BY TELEGRAPH. —PRESS ASSOCIATION.) WELLIN GTON, Monday. Tho following sales were mado on the Stock Exchange, to-day:—4g per cent. Stock, 1938, £97 17s 6d; Finance, Ltd. (5s paid), 5s 6d ; New Zealand Guarantee Corporation, 8s Id, 8s 3d; Gear Meat, 38s; P. and 0. (def. stock)* £250; Wegt-port-Stockton (ord.), 2s 9d. CHRISTCHURCH, Monday. Tho following sales were mado on the Stock Exchange to-day:—Bank of Australasia (fractions), 9s fed (three parcels); rights, 56s 6d (two parcels) ; Dalgety and Company (cum. div.), £l4 8s 6d; Stockton (ord.), 2s 8d (six parcels); British Tobacco, 40s 6d, 40s sd; Holden's Motors, 30s; Standard Insurance, 63s j Ncw Zealand Guarantee Corporation, 8s 3d. DUNE DIN, Monday. Tlio following sales wore made on the Stock Exchange to-day:—Bank of Australasia (fractions), 9s 6d; WestportStockton (ord.), 2s 9d; Bank of New Zealand, 60s; Union Steam, 20s 4d; Adelaide Shipping, 24s 3d; Stock, 1939, £97 155.. *

Butter. Cheese. 1928. 1927. 1928. 1927. Boxes. Boxes. Crates. Crates. March , 360,000 328,200 102,200 143,300 April 180,000 226,700 100,700 140,500 May 142,000 195,300 110,700 73,000 June 178,000 273,800 117,000 140.000 July-Sept. 250,000 388,000 100,000 208,000 Totals 1,110,000 1,412.000 596,000 710,800 These estimates indicate, in round figures, a reduction of 300,000 boxes of butter and 114,000 crates of cheese.