DAIRY PRODUCE VALUES

New Zealand Herald, Volume LXX, Issue 21404, 31 January 1933, Page 5

DAIRY PRODUCE VALUES

REPORT OF THE BOARD COMPARISON OF QUOTATIONS The New Zealand Dairy Produce Board has received the following market report from its London office, dated January 27, prices for the previous week being given in parentheses : Butter. —New Zealand: Salted, 79s to 80s; exceptional, 81s (80s to 81s), 79s to 80s equals approximately 9d, f.0.b.; unsalted, 80s to 82s (81s to 84s). Deliveries of New Zealand, 2137 tons: in store, 6582 tons. Australian: Salted, 75s to 78s (78s to 80s); unsalted, 78s to 82s (80s to 82s). Deliveries: Australian, 2969 tons; in store, 4483 tons. Argentine: Unsalted, 76s to 78s to 80s (78s to 80s). The market is slow; New Zealand retail pVicc, lid. Danish: 945, f.0.b., 114s to 116s spot (84s, 106s to 108s). Dutch: Unsalted, 118s to 120s (114s to 116s). Latvian: Unsalted, 94s (925). The market is firm; Danish retail price, Is Id. The Empire Marketing Board estimated stocks of all butters in store, January 21, 638,200 boxes (last year, 403,247 boxes). Cheese. —New Zealand: White, 45s 6d to 465, equals 4j[d, f.o.b. (46s to 475) ; coloured, 58s to 595, equals 6gd, f.o.b. (545). Deliveries: New Zealand, 21,500 crates; in store, 40,0C0 crates. Coloured cheese is scarce and the market firm. Australian: White, 44s (465); coloured, 55s to 56s (555). Tho New Zealand retail price is unchanged at Bd. Canadian: White, 60s to 68s (60s to 68s); coloured, 60s to 66s (62s to 68s). The market is quiet. Deliveries: Canadian, 4300 boxes; in store, 128,509 boxes. English finest farmers, 96s to 105s (market slow). Tho board has also received tho following adyice from its agents in Canada: —Butter: New York, 17J cents; Montreal, 20£ cents. Mr. C. R. Spragg has received (.he following cablegram from Bannatyno and Companv, Limited, London, dated January 28:—Butter: New Zealand, finest, 80s to 81s; whey, 75s to 765. The market is weak.

COLD STORAGE TESTS SHIPMENTS TO ENGLAND CONSIGNMENT OF LETTUCES The Department of Scientific and Industrial Research, in continuation of its fruit research experiments, has mapped out for the 1933 season a further series of cold storage and transport experiments, which will involve approximately 400 cases of apples of different varieties,, 100 cases of pears, 96 cases of passion fruit, 100 cases of plums and eight crates of lettuces.

In continuation of tho investigations which were started last year to ascertain the effect of locality and soil type on fruit wastage, there will be added another group to ascertain what part drainage plays in so far as these soils are concerned in the production of apples of good keeping quality. The experiments this year will include trials with different systems of packing, with fruit at different stages of maturity, with the use of different types of wraps, with pre-cooled fruit and carried at different temperatures in ships' holds in an endeavour to ascertain what influence these various factors have upon wastage. In these trials the principal varieties of apples used will bo Cox's, Jonathans and Sturiners.

Another trial shipment of passion fruit will bo sent this year in order to clear up some of the points which arose out of the initial shipment sent last year. A consignment of 100 cases of plums from Hawke's Bay and another of Louis Bon pears will be forwarded by one of tho vessels leaving early in the season. In December last a consignment of eight crates of lettuces was sent to London with a view to getting somo preliminary information regarding tho possibility of marketing fresh vegetables on tho English markets.

SHIPMENTS OF MEAT FIRST HALF OF JANUARY BOARD'S LATEST RETURNS The latest returns issued by the New Zealand Meat Producers' Board show the following shipments of frozen meat from New Zealand to the United Kingdom during the period from January 1 to January 15:—Beef, 3750 quarters; mutton, 17,470 carcases;-lamb, 484,809 carcases; pork, 16,866 carcases; boneless beef, 3605 bags. In addition, 100 carcases of lamb were shipped to Hongkong, six to the West Indies and one to Pacific Islands. The total shipmonts from New Zealand for tho period from October 1, 1932, to January 15, 1933, with the totals for the samo period of last year in parentheses, wore as follows:—Beef, quarters, 37,380 (41,256) ; mutton, carcases, 268,862 (464.239); lamb, carcases, 1,127,699 (1,380,111); pork, carcases, 56,006 (33,613); boneless beef, bags, 50,398 (77,728). Stocks on hand in New Zealand on January 15 compare with last season's stocks at the same date as follows, the totals for lamb, mutton and pork being given in carcases, beef in quarters, and boneless beef and sundries in freight carcases : 1933 1932 Beef 18.111 6,983 AVether mutton .. 88,665 171,276 Kwes . . . . . . 53,958 188,997 Jjinnbs 918.144 1.510..505 Porkers . . .. 24,455 12,984 Briconers . . . . 15,789 5,633 Boneless beef , . . 19,593 41,539 Sundries . . . . 42,320 38,316 Stocks loaded into vessels not departed from New Zealand on January 15 in both seasons were as follows: — 1933 1932 Beef - 3,723 Wether mutton . •. 8,633 19,010 Ewen 1,596 24,732 Lambs 298.716 280,297 Porkers .. .. 7.536 3,081 ' Baconers . . . . 2,581 1,450 Shipments of meat to tho United Kingdom from Australia and South America during the first half of January were as follows:—

Australia.—Carcases mutton, 170,388; carcases lamb, 359,330; quarters beef, 20.314.

South America.—Carcases mutton, 8553; carcases lamb, 153,799; quarters beef (chilled), 188,741.

BERLEI (N.Z.), LIMITED

REDUCTION OF DIVIDEND After allowance for depreciation and provision for income tax, the ninth annual report of Berlei (N.Z.), Limited, discloses a net profit of £5865 for the year ended December 31. The amount brought in from the previous year was £1486. An interim dividend of 9d a share was paid in July, absorbing £1312. From the balance of £6039, tho directors recommend tho payment of a final dividend of 9d a share, making Is 6d a share for the, year, to transfer £3OOO to reserve, leaving £1727 to be carried forward. Tho directors report an increase in sales. The retiring directors, Sir Harold Beauchamp and Mr. S. Reid, offer themselves for re-election. The dividend is 7£ per cent, as against 10 per cent in the previous year. LONDON SILVER PRICES LONDON, Jan. 28 Silver is quoted to-day at 17d an ounce spot and 17 l-16d forward, tho same as lyesterday*