BUTTER MARKET EASIER.

New Zealand Herald, Volume LXIX, Issue 21165, 23 April 1932, Page 7

BUTTER MARKET EASIER.

NEW ZEALAND DOWN TO 104s. CHEESE PRICES ALSO WEAKEN. The market in London for New Zealand butter continues to weaken, a declino of 3s to 4s a cwt. having taken placo in quotations since last week. The market is reported slow at the lower price. New Zealand finest is quoted at 104s a cwt., while Danish is down to 114s, as against 124s a cwt. last week. Cheese is also easier and prices are Is cheaper for both colours this week. Tho Press Association message from London states that the butter market is slow. Danish is quoted at 114s a cwt.; choicest salted New Zealand, 104s; unsalted, New Zealand, 112s to 114s; Australian, 104s to 106s. The cheese market is quiet. New Zealand, white, is quoted at 61s; coloured, 625. Australian is cleared. In tho corresponding week of March tho butter market was slow. Danish was quoted at 118s; choicest salted New Zealand, 107s to 108s; Australian, 104s to 105s; unsalted New Zealand, 114s to 115s; Australian, 107s to 108s. The cheese market was dull. New Zealand white was quoted at 61s; coloured, 625; Australian, 59s to 60s. Merchants have received the following cablegrams from their London houses, given in parentheses, dated April 21:— Joseph Nathan and Company, Limited (Trengrouso and Nathan). —Butter, 103s to 104s. Cheese: White, 60s; coloured, 61s. W. W. Bowker (A. J. Mills and Company).—Butter: New Zealand, finest, 104s to 105s; firsts, 103s to 104s; unsalted, 112s to 114s; Danish, 112s to 114s; Australian, 102s to 104s. The market is weaker. Cheese: New Zealand, white, 61s; coloured, 625. The market is slow. Norden and Company, Limited (K. and W. Davidson, Glasgow).—Butter: New Zealand, 104s to 105s, equivalent to 10.81 d a lb., f.o-b. Auckland. The market continues very slow. Cheese: White, 60s to 61s; coloured, 625, equivalent to 5.65 d and 5.81 d a lb., f.o.b. Auckland, respectively. The market is quiet. GREATER BUTTER OUTPUT. MORRINSVILLE COMPANY. STEADY EXPANSION SHOWN. , [ritOM OUR OWN CORRESPONDENT. ] MORRINSVILLE, Friday. In a review of the past year's operations of tho Morrinsville Dairy Company at a meeting of suppliers, Mr. J. E. Leeson, chairman of directors, said that considering the unfavourable weather of the present dairying season, the late spring and the dry summer, it must be very gratifying to suppliers to know that the company would have an output of about 2100 tons of butter for the season, an increase of 14 per cent, over last year's production. For the first 10 months of the season the output was 1910 tons, compared with 1683 tons at this time last year. Suppliers of the company now numbered 425, compared with 360 last season. This was the company's 10th season, and a comparison of the output for each season showed that the number of suppliers and the factory's output had increased by leaps and bounds each year. Every increase in output had been accompanied by a decrease in costs per pound. With a normal season next year the company's output should reach 2300 to 2400 tons of butter. To cope with this increase the directors had decided on extensive alterations to the building and plant at an estimated cost of £3500. The cost of these, alterations was being provided by ordinary share deductions, so that there would be no extra cost to suppliers.

CANTERBURY MARKETS. WEAKER DEMAND FOR POTATOES. [BY lELKGKAPH. —'PRESS ASSOCIATION. ] CHRISTCHUKCH, Friday. The potato market is a shade weaker to-day. Supplies for June delivery are being quoted at £5 7s 6d a ton, f.o.b. lor later months, July-September, the quotation is £7, but buyers at this figure are very few. The Waipiata sailed to-day for Auckland with 4100 sacks from the three main southern ports, Lyttelton's contribution being 2950 sacks. Fowl feed is worth about 4s 83d to 4s 9d a bushel, a few sales at the latter figure having taken place. The former figure is about the general quotation. Oats are not attracting much inquiry. Cowgrass is about a penny a pound cheaper and is now worth lOd a lb. to farmers. Machine-dressed Blenheim seed of good quality is being offered at 115s per cwt. White clover shows little change in value, though there is an easier tendency. The crop is a very light one this season. There is very little demand from America for chewings fescue and it is quoted in the South at 6d to 63d per lb. for machine dressed. Brown top was a small crop in Canterbury this season and values are lid to 12d per lb. for machine dressed. Dogstail is worth 5d to 6d per lb. for machine dressed. There is no change in the market for cocksfoot or ryegrass.

STOCK SALES. TE AWAMUTU QUOTATIONS. Tho Fanners' Co-operative Auctioneering Company, Liinitod, reports tliat at thole Awaniutu stock sale on Thursday there wns a pood yarding of both fat and stoio cattle, which met with a good sale, late quotations being maintained. A full entry of sheep also met a firm market, store tamos in particular being sought. Quotations. Sheep: Light fat wethers, 12s: fat ewes, Gs to 7s 2d; fat lambs, 10s to 12s Gd; ""sed sex store lambs, -1s to lis Gd: two-tooth B\\e-. 10s 6d; sound-mouth ewes, 4s to Gs. Lattio; Light fat steers, XI 4s; prime fat cows and heifers. £5; fat cows and heifers, A--7s Gd to £.l; lighter fat cows, to A2 4s: other tillable cow?, to 325; boner cows, to 22s Gd; potter bulls, to £1 IPs: two-year Shorthorn steers, i'2; mixed coloured steers. 5s to 15a. rigs: Porkers, lbs to 2-s; lighter porkers, Ms Gd to IGs; stores, to 17s; slips, 5s to Ss; weauers. 3s 6d to bs. PRICES AT TTRAU. The Farmers' Co-operative Auctioneering Company. Limited, reports that at the Tirau salo a heavy yarding of cattle and a medium yarding of sheep were penned Prices for store cows were easier, late being maintained on all other classes. Quotations: —Pigs: Slips. 10* to lis; weaners. tg lo 5s Gd. Sheep: Forward-conditioned lambs. 8s to Ss 4d; store lambs 3s to Gs. store ewes, Is Od to Us 4d Cattle. lat heifers £1 l. r >s to £2 7s; fat cows, £1 Ms to £2 8s; tillable cows, to £1 10s; fresh store cows, to AM: boners, to 14s; potter bulls, to £2 12s Gd; Jersey Heifers, to A 4 7s Gd. VALUES AT GISBORNE. [BY TELEGRAPH. —OWN CORRESPONDENT.] GISBORNE. Friday. Cattle Rold at very cheap prices at the cattle fair this week, the rates being the lowest in the memories of many of the o d settlers. In some cases grown cattle sold at little more than the price good sheep would have brought a few years ago. Dairy cattle brought comparatively high prices. There was a good demand. Tho entry of fat sheep at tho Matawhero stock sale to-aay totalled 585, and there was a good sale with prices'a shade under those realised last week. Average ewes made 6s Sd to 7s 4d; wethers, to 11a Gd;, lambs, 9s 4d to lis Id; second grade ewes realised 5s lid to 6s Sd; lambs, 7s 2d to 7s 4d. There was a very small entry of store sheep. Breeding ewes, two and four-tooth, made 7s Sd- two-tooth to 5-year, Ga lid; heavy fat ewes in store pens. 7s 9d; forward ewes, Gs 9d to Gs 30s; others, to 4s I'd. Lambs were in. keen demand, fat and forward realising 9s 9d; pood Downs, 8s 10«; good shdrn lambs, 8s sd; and an average line. 6s 8d to Bs. The wethers yarded were only average gorts and made 9s to 9s 6d.