DAIRY PRODUCE PRICES.

New Zealand Herald, Volume LXVII, Issue 20627, 28 July 1930, Page 5

DAIRY PRODUCE PRICES.

LONDON RATES FIRM

BOARD'S MARKET REPORT

The New Zealand Dairy Produce Board has received the following market report from its London oflicc dated July 25, prices for the previous week being in parent heses: —

Bui tel . -New Zealand, salted, 135s to 138s. exceptional, 140s (134s to 1365) (last, year, 169s to 172.->) ; unsalted, 146s to 150s (146s to 148s) (last year, 168s to 1725); first, whey, 132 s (1265); second whey, 130s (3245). Deliveries New Zealand this wee)-, 1176 tons; in store, 10,445 tons. Australian, salted, 133s to ]36s (132s to 1345) ; unsalted, 134s to 138s (131s to 134. Argentine, unsalted, 126s to 130s, exceptional. 134s (124s to 130s). Irish cream, salted,- 138s (1365): unsalted, 142s (140s). Danish, f.0.b., 150s (1435); spot, 155s to 156s (148s to 150s). Dutch, unsalted, 148s to 150s (150s to 1525). Siberian, 132s (130s). Polish, 110s to 128s (]l2s to 1265). French baskets, salted, 138s to 140s (138s to 1405.) Market firm. Retail prices unchanged. Cheese.—New Zealand, white, 78s to 795, up to 80s (76s to 775) (last year, 88s to 89s) ; coloured, 83s to 84s (81s to 82s) (last year, 92s to 935). Deliveries NewZealand this week, 24.581 crates; in store, 124.665 crates. Australian, white, 76s to 77s (755): coloured, 81s 180s to 81s). Canadian, white and coloured. 82s to 84s (white 80s to 83s, coloured 82? to 84s); c.i.f , 82s (80s). Deliveries Canadian, 6435 boxes; in store, 116,623 boxes. English. finest farmers. 92s to 98s. Market steady. Retail prices unchanged.

REPORTS FROM MERCHANTS

Norden and Co., Ltd., has received the following cablegram from R. and W. Davidson. Ltd., Glasgow, dated July 25: Butler, ]3ss to 1365; exceptionally good, 1395; unsalted, 146s to 150s; whey, 3325: second grade whey, 130s. Ihe market is firm. Cheese, white, 73s to 80s; coloured, 83s to 84s. The market is quietly steady.

A. IT. Turn bull and Co. has received the following cablegram from W. Weddel and Co., Ltd., dated July 25: Butter, New Zealand, salted, 135s to 138s; unsalted. 146s to 150s; Danish, 155s to 1565. The market is firm. Cheese, white, 78s to 80s: coloured, 83s to 84s. The market is steady. Canadian, white and coloured, 82s to 84s.

PRODUCTION OF GOLD

LOWER COSTS ESSENTIAL.

AUSTRALIAN EXPERT'S ADVICE

Speaking in Melbourne recently on gold production Mr. G. C. King, general manager for Bewick, Morcing Co.. Lid., mining engineers, said that gold mining in Australia was a payable proposition in 1914. and could lie made so again if 1914 conditions were observed. He advocated the adoption of Fascist methods to bring about reduced costs of production. He hoped that the efforts now being made to assist prospectors in their search for gold would be rewarded. It was in the nineties of last century that such efforts resulted in the discovery of Coolgardie and Kalgoorlie. In 1903 the peak of gold production in Australia was reached, with an output worth £16,500.000, of which Western Australia produced half—mostly from the Kalgoorlie mine. Tha Commonwealth's gold production was then equal to one-quarter of the production of the entire world. In 1925 the British Empire produced 70 per cent, of the gold production of the world, of which the Transvaal produced one-half. In 1928 the total cold production of the world was valued at £32.000.000. of which amount, the Transvaal produced over 53 per cent., whereas Australia and New Zealand combined produced only 3 per cent. Since 1885 South Africa, the greatest gold producing country in the, world, had produced £1,040,000.000 worth of gold. The position with regard to gold production in Western Australia to-day was such that unless costs of labour, stores supplies and oilier items were, reduced the output, could not be materially improved. He thought the country could afford to take a leaf out of Mussolini's book. ITe did not mean that Fascism could be adopted by a democratic country, but the methods of Fascism in solving industrial problems could be adopted with advantage. He had been connected with a big mining proposition in Italy, and it. was found necessary to discuss a. log of wages with the union. That discussion lasted seven months, but during the whole of that time the wheels of industry never stopped once.

THE TIMBER INDUSTRY

CANADIAN VISITOR'S VIEWS

''l think in no othor country has pri vatp capital undertaken tj[ie growing of timber.'' iernnrkod Major L. R. Andrews, of British Columbia, when referring to private afforestation in New Zealand at tho Timber Growers' dinner in Wellington la ft week. He. said that no other country had made such strides as New Zealand had. Timber growing was a long process; lime was the essence of the contract. New Zealand had iho uniqtw distinction of being the first and only oountr.v in his experience that bad gone m for it on a large scale. Referring to the importations of foreign timber. Major Andrews said that British Columbia was looking forward to exporting some of its surplus timber to countries on the Pacific border. In going through New Zealand he bad found the name principle that they had in British Columbia, namely, use their own country's goods first. "If you have to import soft woods, let it be from an Empire country," he said. Sixty per cent, of their timber was exported, 25 per centgoing to the United States, and the rest to other parts of the world.

GUARANTEE CORPORATION

ELECTION OF NEW OFFICERS

Mr. Sidney Kirkcaldie was elected chairman and Mr. Will Appleton vice-chairman of trie New Zealand Guarantee Corporation. Ltd., at a meeting of directors in Wellington last week to fill the vacancy caused by the death of Sir Joseph Ward.

STOCK SALES

VALUES AT MORRINSYTLLIi

The Farmers' Co-operative Auctioneering Co., Ltd.. reports:—Al the Morrinsville stock sale i' uood yarding of nil classes of cattle and sheep was penned. Cow beef met with good competition and sold readily nt latest quotations. Late rates were maintained also for stcro cattle and sheep Quotations: tat "iiwb nr.d heifers. £8 15s to i'fl ll'is; medium fat cows, ±7 lis to Xf» 12s; li?ht. XS 15s to XT 2s Oil; forward conditioned cows, i t 12s fid to X 5 10s- boner cows. £-2 to X 3; ».,re cows. X 3 5s to £4 ss; three-year steers. t9 as; vearlillff steers mixed colours, i. Os. veailiiv,' Jersey-cross heifers, XJ to ± ; < is. Climce Jersey he.fers nnd cows so d vve »- P ? slips. .12? Ic .%!■ weni.erp 05» tr 30t . nmr.li. to £I ; Tnnn'r.rlh nr.d IWv<rll. orcfisows, in pic. X 0 15f to choice Jersey rows, close to profit. XlO IPs to fl.l lis. host Kriesinn cows. Xl2 to Xla: choice Jim eey heifers. A'lC t* Xl 3; backward sorts. £3 10s to £9 15s; Shorthorn and Shorthorn craft* b«'ferß, £6 S* to £7 10s. ,