BUTTER SELLS FREELY.

New Zealand Herald, Volume LXV, Issue 20114, 27 November 1928, Page 7

BUTTER SELLS FREELY.

FIRM UNDERTONE OF MARKET CHEESE RETAILED CHEAPER. Advantage has been taken within recent weeks of the sound values ruling for dairy produce in London to quit large quantities of New Zealand butter. Very little old season's butter remains in stoic in London aud rew butter is a sound market. A reduction in the retail price of cheese promises more activity in that connection.

Amalgamated Dairies, Ltd., yesterday received the following cablegram from its London manager:—Butter: Finest, 132 s: prices unchanged; other finest offered at 178s to I80s; market temporarily quiet, with a linn undertone. Danish, 200s; spot, 195.s f.o.b. Deliveries of New Zca land, 1520 tons; stock. 3605. Retail prices unchanged. Cheese: White, 105s to 104s; coloured, 102s: market weak, with a downward tendency. Canadian, 103s to 112s; spot, Novembers, 98s c.i.f.; retail reduced to Is Id. The Bank of New Zealand has received the following advice from its London office as at the close of business List week:—Butter: Firm, 174s to 182s per cwt. Cheese: Quiet ; white, 105s to 105s; coloured, 102s to 104s.

A. S. Patersou and Company, Ltd., yesterday received the following cablegram from J. and J. Lonsdale aud Company, Ltd., London: —Butter: There is a good demand. Arrivals are clearing and cold store stocks arc very small. V c anticipate a healthy trade for next month. Danish, 200s; New Zealand, 175s to 180s. Australian, unsalted, 186s; salted, 170s to 1745. Argentine, 150s to 182s. Cheese: Quiet. Sellers are anxious. New Zealand, 102s to 104s. Canadian, 110s to 112s. PRODUCE IN LONDON, TALLOW AND HEMP. [BY TELEGRAPH. —OWN CORRESPONDENT.] WELLINGTON, Monday. The Department of Agriculture has received the following cablegram dated November 24 from the High Commissioner for New Zealand in London:— Tallow.—No auction this week owing to lack of fresh arrivals. Demand very quiet and prices unchanged to slightly easier. Hemp.—Manila: Market better in tone and more trade interest shown. Closing value for December-February shipments, i "J" grade, £35. Sisal: Market firm with | buyers at £39 for No. I in any position I until April-duno shipment, and No. 2 £36 15s. New Zealand: Market unchanged. Small business doing, principally afloat, at high points, £53 15s; fair, £3O 10s: common, £29. Stocks in Great Britain on October 31, 51 tons, as against 88 tons at the same time last year. Tow. —Quiet and little offering. Values unchanged. FROZEN MEAT MARKET. QUOTATIONS FROM LONDON. The Bank of New Zealand has received the following advice from its London office as at the close of business last netk: — Frozen meat: There is practically no demand for wethers. The market for ewes is dull. The lamb market is fairly well supplied and moderate business has lieen done. The beef market is firm. Continued bad weather has hampered trade gener ally. Wethers, light, 6d to 7d per 11-.; heavy, 5d to 6d ; ewes, 4d to sd: lambs, twos, 9;] d to 10jd; eights, 9Jd to lOd; fours, 9d to seconds, BJd to Bid; o\ hinds, 4;d to 4?d; fores, to <ld ; cow hinds, 4jd to 4ld; fores, 3id to Cijd. FULLER-11 AY WARD THEATRES. MAJESTIC THEATRE DEBENTURES. The prospectus of tho 71 per cent, mortgage debentures now offered, in association with Fuller-Hay ward Theatres, over iho freehold as»e:s ot the Majestic Theatre Buildings. Ltd., in Queen Street, Auckland, aud valued at £175.000, is advertised in this issue. Alter allowing for the first mortgage at 6 per cent, with sinking fund to tho Public Trustee, the net assets are twice tho amount of the I issue. The income of the property is £IO.OOO per annum, 45 per cent, coining from premises other than the theatre. The terms of the theatre lease make the lessee liable for all the outgoings of the property. Therefore the lease is a guar anteo of the whole income and hence of the debenture interest. Tho debentures are for a term ot 15 years without prior right of repayment. Ihe advertisement of the prospectus is complete in every particular and investors may, therefore, use tiio application form there attached with as much couiidetieo as if they had the actual prospectus before them. The subscription lists will closo ou or about Wednesday, December .19. POTATOES FOR DUNEDIN. CONSIGNMENTS FROM AUCKLAND. [EY TELEGRAPH. OWN CORRESPONDENT, j] DtJXEDIX. Monday. As the 01 ago grown now potatoes are not coming to market as freely as is usual at this time of tho year the growers of Auckland arc finding a ready sale for Auckland potatoes. Oil Friday 300 b;iix.s were received and on Saturday 800 bags, and all were snapped up quickly. PRICES AT PUKEKOHE. [BY TELEG R Aril.—OWN CORRESPONDENT, j PUEEKOEE, Monday. Pukekohe potatoes aro quoted to-day at 14s 6d per cwt. f.o.r. Pukekohe. Wet weather this morning has delayed digging operations, with the result that to-day there is an accumulation of orders awaiting fulfilment. Apart from this, the rain is welcome as it was required for tho later crops. PROPERTY SALES. ORAKEI HOMESTEAD BLOCK. A sale that lias attracted considerable inforest will take, placo at tho auction rooina of Samuel Vailo and Sons. Limited, S!!. Queen Street, at. 7.;i0 this cvcniug, when tho homestead block of the property for many yen re occupied by the Into Mr. Thos. Coatcs will be placed on the market for tho first time. The estate has been subdivided into some 40 sections, two of winch are occupied by the larso resideuco and outbuildings. The property occupies tho highest point in tho Orakei block. SOUTHERN EXCHANGES. [BY TELEGI; Al'lt. —PRESS ASSOCIATION.] WELLINGTON, Monday Tho following sale took placo on tho Slock Exchange to-day:—South British Insurance, 64s 3d. CHIvISTCHUItCII, Monday. The following Stock Exchange sales took placo to-day:—New Zealand Government per cent. Inscribed Stock, 1938, £99 10s; Australian Bank of Commerce, 33s 9d; , Commercial Bank of Australia, 30s 5d (3 parcels); Now Zealand Insurance, 475; New Zealand Refrigerating (10s paid), 9s Sd (3 parcels); New Zealand Breweries, 56s 6d (5 parcels); Beath alul Company, 395. DUNEDIN. Monday. The following sales took placo on tho Stock Exchange to-day:—Commercial Bank, 30s Sd' (three) ; Dalgely and Co., £ls 4s; New Zealand Refrigerating (con.), 9s 6d: Broken liill South, 545; Crystal Ice, 253. dft