RELIEF FOR FARMERS.

New Zealand Herald, Volume LXVIII, Issue 20792, 7 February 1931, Page 7

RELIEF FOR FARMERS.

WHEAT IN AUSTRALIA £5,000,000 TO BE RAISED. SYDNEY, Feb. 6. The Daily Telegraph Pictorial says that the Federal Government's plan to assist wheat growers has been completed. A special farmers' relief loan of £5,000,000 will be placed on the Australian market. The money will be disbursed to farmers in the form of a bonus on each bushel of wheat. It is intended_ to bring their return to about 3s a busliel. They will not have to repay the money. LONDON DAIRY PRICES. BUTTER IN STEADY DEMAND. NEW ZEALAND 1 14S TO lI6S. LONDON, Feb. 5. Butter is in steady demand. Danish is quoted at 1425; choicest salted New Zealand, 114s to 116s; Australian, 110s to 113s. Unsalted butter is at 2s to 4s premium. The cheese market is slow. New Zealand white and coloured are quoted at 51s to 525; Australian, 50s to 51s. REPORTS OF MERCHANTS. Merchants report receipt of overseas cablegrams as follows: Ihe New Zealand Loan and Mercantile ' Agency Company, Ltd., from its London house, dated February 4:—New Zealand dairy produce: Butter, choicest salted, 115s to 116s; market firm. Cheese: 51s to 525; market slow. Joseph Nathan and Company, Ltd., from its London house, dated February 6:—Butter: Better demand; market firm. Amalgamated Dairies, Ltd., from London, dated February s:—Butter market firm but quiet; finest, 115s to 116s. Cheese market, after being weak at 51s, now firmer at close of market at 525. Dalgety and Company, Ltd., from Samuel Pago and Son, London, dated February s:—The butter market'is firm; New Zealand finest salted, 114s to 116s; Danish, 138s to 140s; Australian finest j unsalted, 112s to 116s; salted, 110s to | 113s; general average quality, lC6s to 108s. The cheese market has more inquiry; Now Zealand white, 50s t.o 525; coloured, 50s to 525; Canadian white, 70s to 765; coloured, 70s to 745; Australian white, 50s to 51s; coloured, 50s to 51s. W. W. Bowker, from London:—The butter market is firm; New Zealand finest, 115s to 116s; firsts, 114s: unsalted, 118s to 120s; Danish, 138s to 140s; Australian, 108s to 112s. The cheese market is steady, with more business doing at lower prices. New Zealand white and coloured, 51s to 525; Canadian, 72s to 745. Norden and Company, Ltd., from R. and W. Davidson, London and Glasgow, dated February s:—Butter, 114s, 115s and 116s; market firm. Cheese: 51s to 52s (white and coloured); market slow. THE LONDON MARKETS. PRICES FOR METALS. (Received February 8, 9.15 p.m.) LONDON, Feb. 5. (Quotations on Feb. 2 in parentheses.) Copper.—Spot, £43 4s 4J,d (£43 lis 8s 9d). Electrolytic Copper.—Spot, £46 (£46) ; three months, £46 10s (£47). Wire Bars.—£46 10s (£47). Lead.—Spot, £l2 12s 6d (£l2 18s 9d); three months, £l2 15s (£l3). Spelter.—Spot, £ll lis 3d (£ll, 17s 6d) ; three months, £l2 3s 9d (£l2 7s 6d). Tin.—Spot, £ll4 7s 6d (£ll3 8s 9d); three months, £lls 13s 9d (£ll4 16s 10£ d). Silver.—Standard, 12 5-8 d (13id) per oz.; fine, 13 5-8 d (14 5-16 cI). WHEAT, FLOUR, PULSE, ETC. Wheat. —The spot trade is quiet, Australian ex ship 22s 9d to 245. Flour.—Steady; Australian ex ship 19s to 20s. Oats.—Steady; Australian and Algerian, 12s to 13s; A. grade Cartons, 16s to 17s. Peas.—lnactive; blue Tasmanians, 200s; New Zealand, 160s to 180s. Maples.—Tasmanian, 60s to 62s 6d; New Zealand, 50s to 555. Beans.—New Zealand, 27s to 28s. Beet Sugar.—March ,5s 7£d. THE CITY MARKETS. - YESTERDAY'S AUCTIONS. HEAVY SUPPLIES OF FRUIT. The City Markets were again heavily supplied with all seasonal lines of orchard, j field and gardfcn produce yesterday. j r l he quality of the tomatoes coming forward is still far from good, cracked and partly-ripened sorts predominating. Good quality apples are selling freely and more varieties are now coming into the markets. • Good coloured peaches met n firm demand, but pears were hard to sell. Bananas increased in price. Best quality mushrooms sell freely on a firm market. Increased supplies of potatoes are coming into the markets and prices are a shado easier. A consignment of pumpkins from the Islands has tended to ease the market for this vegetable. Eggs are in shorter supply and prices are very firm. Supplies of good farmers' butter have fallen off slightly. Prices for average quality lines in the City Markets yesterday ranged as follows : FRUIT. Strawberries, Captain Cook, Is to Is 4d a chip; Marguerites, Od to la 2d; raspberries, Cs Cd u tin: mushrooms, Is to Is Gd a lb; grapes, hothouse, 9d to la a lb: peaches, Wiggins, -Is to 5s Cd a case; Carmen, 4s to ss; Paragon, -Is to 5s Gd: extra choice coloured lines realised higher values; tomatoes. No. I's, good condition, ripe. 4s to 5s a box; No. 2's, ]s» 9d to 2s Gd; others in cricked condition. Is Gd to 2s; apricots, Otago, 4s to Gs a case; lemons, 12s to lis a case; others, Gs to 8s; pears, Bon Cretien, Gs to 8s a case; oranges. Californian, 33s to .15s a case; plums, Burbank, 2s Gd to 4s a case; Sultans, 4s to Gs Gd; Satsuma, 4s Gd to Gs; Purple King, Gs to ]os; bananas, No. l's, up to 98s Gd a case; No. 2's and medium, 10s to 20s; apples. Gravenstoin. good coloured, 8s cO 10? a case; No. 2's, 5s to 7s; Albany Beauty, 9s to 14s; Astrnchan, 4s to 8s; Willie Sharp, 4s to 4s Gd; cookers. 4s to 4s Gd; windfalls and others, 2s to 3s. VEG ETABLES. Potatoes, new, 3s to 4s a bag; onions, local, 4s to 4s 9d a bag; kuniaras, Tauranga, 9s to 10s cwt; cabbage, 2s to 4s Gd a bag; swedes. 2s to 2s Gd a bag; pumpkins, 7s to lis a cwt; green peas, 4s to 6s Gd a bag; beans, 2s Gd to 4s Gd II bag; lettuce, is Gd to Gs a enso; cucumbers, hothouse, Is a dozen; outdoor. Is to 2s a dozen; vegetable marrows, Is Gd to 2s 6d a dozen; water melons, Is to 2s each; rock melons, 9d to Is Gd each; cabbage, on benches, Is to 2s a dozen; celery. Is to 2s Gd a bundle; rhubarb, Is to 2s a dozen; spinach, Is to Is Gd a dozen; pumpkins, on benches, 3d to 2s each; radish, 6d to Is a dozen; spring onions, Gd to Is a bundle; carrots, parsnips, beet and turnips, 9d to Is Gd a dozen. DAIRY PRODUCE. Hen eggs, special grade. Is 9d a dozen: A grade, Is 8d a dozen; B grade, Is Gd a dozen; C grade, Is Id a dozen; duck eggs, special grade. Is 8d a dozen; A grade, la /d a dozen; B grade, Is Gd a dozen; C grade. Is 3d a dozen; farmers' butter. 8d to lid a lb. PREFERENCE SHARE ISSUE. Applications are invited' for an issue of 20,000 7 per cent, cumulative preference shares of £1 each in Truth (N.Z.), Ltd. Dividend will accrue from January 1, 1931.