BUTTER MARKET STEADY

New Zealand Herald, Volume LXIX, Issue 21254, 6 August 1932, Page 5

BUTTER MARKET STEADY

LONDON PRICES UNCHANGED DANISH RATES EASIER AN ADVANCE IN CHEESE Little movement jn the price of New Zealand butter on the London market has taken place this week, and finest is still quoted at 106s a cwt. The price has remained around this figure for three months. On the other hand, both Danish and Australian ate easier than last week. Danish has declined by 4s to 6s a cwt. to 108s, but somo reports quote it at up to 112s, while Australian is lower at 101s to 103s. The business passing is not strong. Cheese prices have moved favourably, rates for both colours showing an advance of Is a cwt. on last week's quotations to 56s and 57s a cwt. The market is slow at this level. Prices Compared The Press Association message from London states that the butter market is rather easier. Danish is quoted at 108s; choicest salted New Zealand, 106s; Australian, 101s to 102s; unsalted New Zealand, 108s to 110s; Australian, 104s to 108s. The cheeso market is slow. New Zealand, white, is quoted at 575; coloured, 565. Australian is temporarily cleared. In the corresponding week of July butter was in steady demand. Danish was quoted at 104s a cwt.; choicest salted New Zealand, 100s to 101s; Australian, 98s to S9s; unsalted New Zealand, 102s to 104s; Australian, 98s to 995. The cheese market was firm. New Zealand, white, was quoted at 60s; coloured, 595; Australian, coloured, 57s to 58s. A year ago New Zealand finest butter was quoted at 110s to Ills a cwt.; Danish, 114s to 116s; Australian, 106s to 107s. New Zealand white cheese was quoted at 60s ' to 613; coloured, 62s to 635; Australian, j white, 59s lo 60s; coloured, 60s to 61s. Reports From Merchants Merchants have received the following cablegrams from their London houses, dated August 4:— Dalgety and Company, Limited, from Samuel Page and Son, Limited.—Butter: New Zealand, finest salted, 105s to 106s; Danish, 112s; Australian, finest unsalted, 105s to 107s; finest salted, 100s to 102s; general average quality, 94s to 98s. The market is quiet, especially finest. Cheese: New Zealand, white, 57s to 58s; coloured, 55s to 565; Canadian, white and coloured, 58s to 595; c.i.f., 56s to 575. The market is steady at present prices. Mr. L. McCartney, from Henry A. Lane and Company, Limited.—Butter: New Zealand, 104s to 106s; ' Australian, 100s to 102s: Danish 94s f.o.b. Cheese: White, 57s 6d; coloured, 55s 6d; Canadian, 57s c.i.f. Markets steady, with fair business doing. New dick Bros., Limited, from Whiteley, Muir and Zwanenberg, Limited.— Butter: New Zealand, 105s to 106s; Australian, 101s. Cheese: Coloured and white, 55s to 575. The markets are quiet. Mr. W. W. Bowker, from A. J. Mills and Company, Limited. —Butter: New Zealand, finest, 106s; firsts, 105s; unsalted, 106s to 108 s; Danish, 110s to 112s; Australian, 101s to 102s. Cheese: New Zealand, white, 57s to 58s; coloured, 55s to 565; Canadian, c.i.f., 56s 6d. Both markets are steady. Norden and Company, Limited, from R. and W. Davidson, Limited, Glasgow.— Butter: New Zealand, 104s to 106s; unsalted, 104s to 108s; equivalent to 10.86 d and 10.96 d a lb. f.0.b., respectively. Cheese: White, 58s: coloured, 565, equivalent to 5.38 d and 5.17 d a lb. f.0.b., respectively. Do not look for much change. CANTERBURY MARKETS LESS DEMAND FOR POTATOES [BY TELEGRAPH —PRESS ASSOCIATION*] CHRISTCHURCH, Friday The potato market ig> inclined to be weaker. Prompt delivery is quoted at £5 15s a ton, f.0.b., sacks included; August, £5 17s 6d, and August-September, £6, with buyers very scarce at the last-men-tioned price. The Auckland market is still well supplied. The Waipiata, which sailed in the mid-week, look 7000 sacks from southern ports, and the Port Waikato took a large shipment for the north. The Auckland demand eased under the weight of impending shipments. Oats and chaff a»e without inquiry, though a continuance of the present weather is expected to revive interest. There has been some inquiry for small seeds for spring sowing. THE FLAX INDUSTRY DOMINION JULY GRADINGS A total of 1306 bales of hemp was graded for export in New Zealand last month, an increase of 274 bales on the amount in July last year. The quantities graded at the respective ports were:— Wellington, 717; Foxton, 234; Bluff, 184; and Picton, 71. The hemp was made up as follows, the figures for the corresponding month last year being given in parentheses: —Good fair, 74 (40); high fair, 657 ( 395); low fair, 344 (427); common, 148 (106); rejected, 81 (64); condemned, 2 (—). Total, 1306 (1032). There was a total of 323 bales of tow graded, a decrease of 172 bales on the figuro for July last year. The grading at the ports was:—Wellington, 147; Foxton, 78; Bluff, 71; Picton, 27. The tow was made up as follows:—No. 1 grado, 82 (7S); No. 2, 186 ( 384); No. 3. 55 (33). Total, 323 (495). All the stripper slips, four bales, one No. 2 grado and three condemned, was graded at, Bluff and showed a decrease of four on July, 1931. There was again no stripper tow. GOLD MINING COMPANY ISSUE OF PROSPECTUS The prospectus has been issued of the Wetherstones Gold Mining Company, Limited, which will carry on goldmining in the Tuapeka (Lawrence) district. The capital is £65,000, divided into 260,000 shares of 5s each. Of these, 168,000 shares are offered for subscription at Is on application, Is on allotment and the balance of 3s subject to calls not exceeding Is a share at intervals of at least » month between each cad; 24,000 shares are to bo allotted to the Golden Crescent Sluicing Company, 20,000 to Industries, Limited, and 8000 to tho Golden Rise Sluicing Company, in part payment of purchase considerations; and 40,000 shares will bo held in reserve under call to nominees of Industries, Limited, for threo years at par. The provisional directors are Mr. John Loudon, of Dunedin, chairman of tho Otago Harbour Board, Sir. James Fletcher, of the Fletcher Construction Company, Limited, Auckland, and Mr. John R. Teijiplin, consulting electrical engineer, of Christchurch. WAIKATO PIG-RECORDING CLUB [FROM OCR OWN CORRESPONDENT] HAMILTON, Friday The annual meeting of the Waikato Pig-Recording Club will bo held in Ilamilt>"» on Thursday, Mr. A. 11. Cockayne, assistant director-general of agriculture, will be present.. In the evening Mr. Cockavne wilt address a meeting on tho 10- I aero scheme in its relation to pig-keepiDg- J