LONDON DAIRY PRICES.

New Zealand Herald, Volume LXVI, Issue 20402, 2 November 1929, Page 9

LONDON DAIRY PRICES.

BUTTER MARKET QUIET. NEW ZEALAND 178s TO 180 a. LONDON, Oct. 31. The butter ma.rket is quiet. Danish is quoted at 1925; choicest salted New Zealand, 178s to 180s; Australian, 176s to 1735; unsalted, NSw Zealand, 188s; Australian, 184s to 186s. The cheese market is quiet. New Zealand quoted at 93s to 945. REPORTS FROM MERCHANTS. QUIETNESS OF THE MARKET.

Dalgetv and Company, Ltd., report having received the following cablegram from their London house, dated October 31:— Butter: The market is quiet, with a downward tendency. New Zealand finest silted, 178 a to 180s; Danish, 194s to 1965; Australian, finest unsalted, 184s to 186s; salted, 174s to 1735; good average quality, 170s to 1725. Cheese: The market is easier. New Zealand, white, 93s to 945; coloured, 92s to 935; Canadian, white, 94s to 965; coloured, 34s to 965; c.i.f., 92s to 965. Amalgamated Dairies, Limited, have received the following report from their London office, dated October 31:—Butter: Best, 182s; the market is weaker. Old stored butter is offering at love prices, and little business is passing. Danish, 186?, f.o.b. Cheese: White, 945; coloured, 935; the marl: 3t is quiet, Joseph Nathan and Company, Limited, have received the following cablegram from their London house, Trengrouse and Nathan, Limited:—Butter: New Zealand, finest, 178s; first grade, 1755; the market is quiet and declining. Cheese: White, 945: coloured, 935; the market is slow,. Andrew Clement and Sons, Limited, havs received the following cablegram from their London office, dated October 31: —Butter: The market is stagnant, the nominal quotation being 176s to 18C>3. Cheese: Firm, 93s to 945. DOMINION PICTURES. DIVIDEND OF PER CENT. DIRECTORS RE-ELECTED. The sixteenth annual meeting of the Dominion Picture Theatres Company, Ltd., was held in Auckland yesterday afternoon, the chairman of directors, Mr. C. R. Chapman, presiding. I'he annual report, which recommended the payment of a further dividend of 9d per share on both preference and ordinary shares, making 7£ per cent, for the year, and the balance-sheet, were adopted. Details were published in the Herald on October 22. The chairman said that with an increase in revenue and the payment of lower interest, the past year had been the most successful the company had had. The whole of the company's building had been let, and it was proving a sound business proposition. ~ The retiring ' directors, Mr. R. T. Michaels and Mr. W. H. Madill, were reelected, and the auditors, Messrs. Kendon, Mills and Stewart, were reappointed for a further term.

BRUCE WOOLLEN CO. PREFERENCE DIVIDEND ONLY NEW CAPITAL SUBSCRIBED. [BY TELEGRAPH. —OWN CORRESPONDENT.] DUNEDIN, Friday, The annual report of the Bruce Woollen Manufacturing Company states that there was a net profit on the year's trading of £7077, which is regarded as satisfactory in the circumstances that ruled during the year. Provision has been mide for depreciation tc the extent of £2OOO on plant and £2500 on buildings. The directors recommend that out of the balance of £28.36 to the credit of the profit and loss appropriation account, dividend and interest on preference capital amounting to £25-33 be paid, and that .£303 be carried forward. The past yea r has been a most difficuLfc one from a profit-making point of view, states the report, owing to the falling prices of raw wool and to the fact that the expenditure on the new worsted plant installed during the year had not yet produced any return. A change, in the sales policy cf the company nas been justified, as sales have been fully maintained. The directors report that the whole of the preference issue of shares has been subscribed. The decision to issue 50,000 preference shares carrying 7 per cent, cumulative dividends was made at a special meeting in July, 1927. The ordinary capital is £IOO.OOO. Last year the company reported a net profit of £7279 but against this had to set a loss on one account of £3993. The preference dividend then required only £1324, and having provided £2OOO for depreciation, the balance carried torward was increased from £39 to £259. MELBOURNE PRODUCE. MELBOURNE, Nov. 1. The following are to-day's quotations on the Melbourne produce markets:— Wheat.—ss i>*d. Flour. —£12 15s to £l3. Bran and Pollard.—£7 15s. Oats. —4s Id. Barley.—English, 4s Id. Maize.—ss 7d. CHICAGO WHEAT MARKET. CHICAGO. Oct. 31. With prices on the Stock Exchange increasing by from 1 to 40 points, wheat prices increased. Closing prices were:— December, 1 dollar cents per bushel; March, 1 dollar 35£ cents-;i»May, 1 dollar 38-3; cents. j . , . STOCK SALES. CAMBRIDGE QUOTATIONS. Dalgety and Company. Ltd., report having held their Cambridge stock sale on Wednesday, when, a medium yarding of cattle was offered. Pigs weire penned in more than average numbers and showed a sharp rise in price. Fat cows made from' £7 Ss to JJ3 15s; forward cows, £5 12s 6d to £6 15is: store Jorsey crossbred heifers, £3 15s to £5 6s; yearling Jersey bulls, £4 10s to i 7; yearling Shorthorn bulls, £6 ss; aged Shorthorn bulls. ±'6 to £8 10s; dairy cows, £9 103 to £l4 ss; dairy heifers, Holstein, £l2 to £l2 15s; dairy lieiJers, Jersey, £7 10s to iSl'2. Fat wethers, woolly, 345. Pigs; Medium porkers, £3 to £3 6s; large stores, £2, l'2a to £2 15s; good quality stores, £2 33 to £2 8s; best slips, £1 15s to £2 0s 6d; good wenners, £1 0s to £1 125.; Email. £l. to £1 2s.

PRICES AT FEILDING. [BY TELEGRAPH. —rKESS ASSOCIATION.] FEILDING, Friday. There wan a largo yarding of store cattle at the stock sale to-day, but the yarding of other line® was only medium. A heavy thunderstoi m broko over the towri during the tiale, and the rain rather spoiled business. Prices were:—Sheep: Fat hoggets. 25s (id to 325; two-tooths, 2is to 27s 9d, prime shorn owes, to 275: others, 19a to oop . woolls' ewes, 24s Jd to 27u, snorji wethers, 23° 7<l to 29s 4d: shorn 10b Gd to 14a 6.3; two-tooth black face I6sM tn oiia 3d- store wethers, 225, e\ie. W"" lamb" Ms 3d to 31s 7d; six-tooth to fiveyear ewes, t9s Id: fat forward owes lSs Jd Dairy cattle: !:I P" rje '? e tfl h %9 2 a 109 to £ls. e»od, £8 to £9 | m,. co^i £8 "is to £9: Ayrshire in milk, AS 7i oa, . j iel f er3 UffbA; bi'lllo'iiks, £l7. Store witli^G o«f ; yoiiriing Jerse:; heifers. gd . ]B . moll tha otheri), £i 13s to 1(1* to heifers, £7 6s, two-year f or . X 6 10b ; empty cows. colvf „nd ; «"1:, C £3 12s 6:1 i°'£ s ,}\ 6d: /ni7B H sood tolled As.jus bullooifl. £ll 17s 6d.