OUTPUT OF BUTTER.

New Zealand Herald, Volume LXVII, Issue 20626, 26 July 1930, Page 9

OUTPUT OF BUTTER.

RAGLAN COMPANY'S INCREASE

PAYMENTS TO SUPPLIERS.

[BY TELEGBAPH. —OWN CORRESPONDENT.] HAMILTON. Friday.

The output of tho Raglan Co-operative Dairy Company's butter factory for tho season was 386 tons, an increase of 61 tons over the previous season. The average payment for butter-fat on superfine cream was 16.078 d. In addition ,242 d had been placed to reserve, increasing tho total to 16.320 d. As a small portion of the output was unsold this was not necessarily the final payment. The company's tablo of averages shows tho following figures: —Suppliers, 166; cream received, 1,816,3371b.; average test, 39.18 per cent.; butter-fat received, 711,7211b.; butter made, 864,9981b.; overrun, 21.536 per cent.; average cost- of manufacture, 1.07 d per lb. At tho annual meeting on August 4 a motion will bo considered to increase the nominal capital of the company from £13,000 to £IB,OOO.

THE LONDON MARKETS.

PRICES FOR METALS.

(Received July 25, 9.45 p.m.) LONDON, July 24. (Quotations on July 21 in parentheses). Copper.—Spot, £4B 17s 6d (£47 6s lOjd); three months, £4B lis 3d (£47 3s lid). Electrolytic , Copper.—Spot, £SO 10s (£sl) three months, £52 10s (£53). Wire Bars.— £52 10s (£53). Lead.—Spot, £lB 5s (£lB 3s 9d); three months, £lB Is 3d (£lB 2s 6d). Spelter.—Spot, £l6 16s 10jd (£l6 ss) 5 three months, £l7 6s 3d (£l6 16s 10£<3). Tin.—Spot, £134 7s 6d (£135 12s 6d); three months, £134 Is 3d (£137 7s 6d). Silver. —Standard, 16d (15 15-16 d) per oz.j fino, 17£ d (17 3-16 d).

WHEAT, FLOUR, PULSE, ETC. Wheat.—Cargoes are _ unchanged and steady. Parcels met with poor inquiry and are unchanged to 3d dearer. Futures: London, July, 33s 8d; September, 33s lOd; Liverpool, July 7s 2 l-8d per cental; October, 7s 4d; December, 7s 5 3-8 d; March, 7s 7 3-Bd. The spot, trade is quiet; Australian, ex ship, 38s 3d. Flour.—Steady; Australian, ex stora 29s 6d to 30s.

Oats.' —Firm. Beans. Dull. Peas.—Firmer tendency Beet Sugar.—ss 3Jd.

RABBITSKIN SALES

At the rabbitskin sales 2900 bales veer« offered and about 1100 sold. Furriers' sorts, stout pelted, declined by 10 per cent., compared with the rates on May 30. Thin pelted were neglected. Good hatters' sorts declined by 20 per cent., and poor sorts, 30 per cent., except kittens, which were unchanged.

BRADFORD TOPS. At Bradford there was a slightly better market, with more inquiry. Quotations are unchanged.