LONDON DAIRY MARKET

New Zealand Herald, Volume LXIX, Issue 21251, 3 August 1932, Page 7

LONDON DAIRY MARKET

LIGHT STOCKS OF BUTTER LITTLE VARIATION FOR CHEESE [FROM OUR own correspondent] HAMILTON. Tuesday During tho past month London prices gradually firmed by lis per cwt., but values of New Zealand butter wero still running about Id per lb. below last year's j prices, states Mr. W. Goodfellow, chair- j man of directors of Amalgamated Dairies, Limited, in his monthly report to sup- : pliers of the New Zealand Co-operative I Dairy Company, Limited. Danish f.o.b. prices ranged from 2d to j 3d per lb. below those at the same period last year, continues the report. Stocks of all butters held in the United King- j dom were fairly light, comprising just under 20,000 tons, including less than ! 5000 tons of New Zealand. The average j New Zealand weekly deliveries for the past fivo weeks had been 1514 tons. The dairying districts in Australia wero , all experiencing cold, stormy weather and j the output was, therefore, small at present. , Butter production in Canada was running lower than last year, and stocks j were lighter by about 20 per cent. Today's wholesale price in Montreal was 17| cents, being approximately equal to London parity. Apparently Canadian buttermakers had a small surplus for export to England. London cheese prices had shown little variation during the past few'weeks, but a fortnight ago the market advanced about 3s, holding fairly firm and steady for over a week. Later a weakening tendency had again been shown and at the moment the market was slow, with a tendency to further weakening. Coloured cheese was now at Is discount. Cheese prices were now about the same level as at July last year. The volume of sales of milk powder was satisfactory, but there was intense competition in the United Kingdom owing to dumping by foreign countries. Prices for casein wero unchanged. THE CITY MARKETS YESTERDAY'S AUCTIONS FIRMER PRICES CONTINUE ■flie upward trend in prices at the Auckland City Markets was continued yesterday. All varieties of apples advanced between 6d and Is a case, Delicious realising 4s to 5s 6d, Jonathans 4s to 6s, Ballarats 5s to 6s 6d and Stunners 5s 6d to 6s. There was also a better demand for oranges, the Island variety bringing 12s to 15s a case, with mandarins and lemons up Is at 7s to 10s and 4s to 9s respectively. Tree tomatoes 4s to 6s a case, pinapples 12s to 15s, and Island bananas 17s to 18s for best quality, sold at higher rales than formerly. Last week's exceptionally high rates for tomatoes were not sustained and showed a decrease of up to 6s a case, at 18s to 20s. New potatoes are now coming forward in larger quantities and sold yesterday at IJid to a lb. Very slightly higher prices were commanded by citron melons, pumpkins, celery, rhubarb and spinach. Swedes and cauliflower were a little cheaper. In the poultry section increases occurred in the prices of turkey hens, geese and old drakes. Values for eggs and farmers' butter were unchanged. Yesterday's prices were:— FRUIT Apples, Delicious, 43 to 5s Gd a case; Jonathan, 4s to Gs; Ballarata, 5s to Cs 6d; Granny Smith. 6s to 7s 6d; Munroes, 4s to 5s 6d; Stunners, 5s 6d to 6s; Purlins Beauty, 4s 6d to ss; pears. Coles and Nelis, Gs to 8s; passion fruit, local, 6s to 9s; Australian, 12s to 13s; grapefruit, local, Ss to 4s 6d: poorman oranges. 2s 6d to 4s; oranges. Island, according to count, 12s to 15s; Australian Navels, 8s to lis; mandarin?, 7s to 10s; tomatoes, hothouse, No. 1, 18s to 20s; No. 2 and mediums, 10s to 14s; Cook Island. ■l3s to 15s: lemons, 4a to 9s; tree tomatoes, 4s to 6s; black, 5s to 7s; pines, Australian, 12s to 15s; bananas. No. I, ripe, 17s to 18s; No. 2 and medium, 14s to lGs. FIELD PRODUCE Potatoes, Southern. 7s 6jJ. to 8a a cwt.: new, lid to2jdalb.; onions, local, 7s to 8s 6d a bag; Southern, 8s to lis a cental: kumaras, Taurangra, 6s to 7s Rd a cwt.: cabbage. Is to 3s 9d a sack; cauliflower, 2s Gd to 4s 6d; swedes. Is 6d to 2s 6d a bag; pumpkins. 2s to 4s Gd a cwt.; citron melons, 2s Gd to. 3s Gd a sack; green peas, 8d a lb.; beans, hothouse. 8d to Is 3d: lettuce. Is to 4s 6d a case: cucumbers, hothouse, 3s to 5s a dozen; vegetable .marrows. Is 6d to 3s Gd: cabbage, loose. 9d to Is 9d; cauliflower, loose*, 6d to 3s Gd: celery. Is to 4b a bundle: rhubarb, 2s 6d to 4s Gd a dozen; spinach, 9d to Is 3d; pumpkins, loose, 3d to 9d each: radish. Gd a dozen: spring onions, Gd to 9d a bundle: carrots, parsnips, beet and turnips. 4d to 7d a dozen; Brussels sprouts, 3d to 4?d a lb.: leeks, 2d to 4d a bundle; chokos, 9d to Is 3d a dozen. POULTRY Cockerels, heavy breeds, prime, 2s 9d to 5s each; not prime, 2s upward; light, prime, 2s to 3s; not prime. Is upward; fat roosters, heavy, prime. Is 9d to 2s !?d; light. Is 3d to Is 9d; fat hens, heavy, 2s to 2s 9d; light. Is Gd to.2s; pullets, heavy, best, 2s to 3s 9d; smaller,'2s upward; light, best, 2s Gd to 3s 9d; smaller, 2s upward; drakes, young, prime, 2s to 3s; smaller. Is Gd upward: old, 2s Gd to 3s Gd: ducks, young. 2s- to 3s; old. Is to Is 6d; geese, 3s to 5s Gd; turkey hens, 5s to Us. DATRy pRODIJCIK lien and duck eggs, first grade, Is 41 d: 19 grade. Is 3!d ; C grade, Is l}d. Farmers' butter, 8d to lid. AUSTRALIAN SECURITIES NEW YORK QUOTATIONS NEW YORK, August 1 Sales of Australian Government bonds on Wall Street to-day comparo with those of July 25 as follows: Dollars Dollars Commonwealth— July 25 Aug. 1 5 p.c. Jan.-July, 1955 . . 735 72 5 p.c. Mar.-Sept., 1957 . 73} 7U 4J p.c. May-Nov., 195G . . GO} 65 New South Wales—--5 p.c. Feb.-Aug. 1957 . . 70 671 5 p.c. April-Oct., 1958 . . 69) 67 Queensland — 7 p.c. April-Oct., 1942 . . BGJ 80) 6 P.c. Feb.-Aug., 1947 . . 74i 73 VICTORIAN INTEREST RATES AN EARLY REDUCTION (Received August 2, 10.5 p.m.) MELBOURNE, August 2 The associated banks of Victoria have issued a statement announcing that there will be a further reduction in interest rates in the near future.