BUTTER BUYERS ACTIVE

New Zealand Herald, Volume LXX, Issue 21515, 12 June 1933, Page 5

BUTTER BUYERS ACTIVE

OFFERS IN TARANAKI BEST PRICE FOR MONTHS [BY TELKGRAI'II—OWN CORRESPONDENT] NEW PLYMOUTH, Saturday Activity in the dairy produce market was renewed with unusual vigour this week. The Midhirst Company has sold 2000 boxes of butter at 10id per lb., the best price realised in Taranaki for many months. Offers of that figure were made by several firms, but it is believed that Midlii rst was the only company to sell, tho decision of other companies to refuse that offer is regarded as evidence of their confidence that prices will still improve. TARANAKI JERSEY SALES BID FOR CHAMPION COW PASSED IN AT 450 GUINEAS Buyers from most parts of New Zealand were present at this year's Jersey Week, which has just been concluded in Taranaki. 'The week opened with tho first national female show and sale, which created wide interest. The grand championship and Challenge Cup fell to J. S. Jones' cow Abberloy Rita, with Mr. C. Lepper's Maori Faith reserve champion. Over 300 Jerseys were submitted at the sales and the bulk sold at satisfactory prices, considering the times. Highest quality lots met with keen competition and many fine specimens of tho breed left Taranaki to be distributed practically all over New Zealand. Bay of Plenty breeders operated freely at prices up to 100 guineas, which was paid by Mr. G. Hewitt, Waimana, for the five-vear-old cow Pukcpapa Ruby May. The top price of the series was 111 guineas realised by Mr. J. S. Jones, for a rising three-year-old cow, Silverleys Anemone. Keen interest was displayed in the world's champion four-year-old Jersey Woodlands Felicie. This cow is milking very heavily again this season. Her record of 1220.891b. fat established a world's record over all ages, but recently the Australian champion, Wagga Gladys, has improved on the record by approximately 401b. fat. 'When Woodlands Felicie entered the ring bidding opened at 200 guineas and rose to Mr. H. Salway's final bid of 450 guineas, which, however, was substantially below the reserve of the vendor, Mr. P. J. Petersen. NEW CITY LOAN ISSUE AT 4J PER CENT An issue of £40,000 worth of debentures at 4i per cent, maturing on February 1, 1963, is being made by the Auckland City Council and has been met with an immediate response from investors. The issue was made available on Friday, and up to Saturday midday over* £2OOO worth had been sold over the counter. The object of the loan js to dischargo the old liability of the Tamaki Road Board in respect of the waterfront road. The amount represents tho balance of an authority secured by the Tamaki Road Board to raise £IOO.OOO as its half-share of the cost of construction. THE POTATO EMBARGO EFFECT ON THE MARKET A Timaru merchant has received a letter from a New South Wales firm of produce agents stating that there does not seem to be any chance of immediate business in New Zealand potatoes. The writer states that the Australian Prime Minister. Mr. Lyons, had informed potato-growing interests in the Commonwealth that he would do nothing regarding tho removal of the embargo on New Zealand potatoes until the end of June or early in July. "Immediately Tasmanian growers were in possession of this undertaking they began to take the fullest possible advantage of the position and the market is being barefacedly manipulated," tho letter concludes. CANTERBURY MARKETS FIRMER TONE REPORTED [BY TELEGRAPH —PRESS ASSOCIATION] CnRISTCH'URCH, Saturday The week has not shown much business activity, but most classes of produce are firm. Potatoes for forwarddelivery are a shade firmer. There is still very little inquiry from the North Island. It is understood that there is a probability of a further 1000 tons of potatoes being shipped to South America. This would offset in a small degree the lack of shipments to tho North. Quotations for prompt delivery are £4 to £4 2s 6d a ton f.0.b., sacks included, Lyttelton, or £3 to £3 2s 6d on trucks; June delivery, £4 5s to £4 7s Gd, f.0.b., sacks included; and JulySeptember, £5 ss. Dakotas are at a premium over whites, prompt being worth £3 5s to £3 10s on trucks. Tho oats market is somewhat easier. A Gartons are worth 2s 5d to 2s 6d a bushel, f.0.b., sacks included, for spread July-September, and 2s 5d for prompt. B's'are quoted at 2s to 2s Id. On truck values are 2s for A grade and Is 6d to Is 8d for B grade. Chaff is meeting with a little more inquiry for local needs. Values are £3 10s a "ton, f.0.b., sacks included, or to £2 2s Gd on trucks. Fowl wheat is slightly easier and is quoted at 3s 5d to 3s Gd a bushel, f.0.b., sacks extra. ' No. 1 Partridge peas are quoted at 4s lOd, f.0.b., sacks included, or to 4s 3d on trucks. There is not much volume in business passing in small seeds, but several PJ"" - ducts have been firming in value. The quality of small seeds this season is much above the'average. Cocksfoot has been improving in price and Akaroa is now quoted at 4d to 4id for farmeis dressed and plains 3Jd to 4d. Italian rvegrass has also improved in pi ice and is quoted at Is Gd to 2s per bushel on trucks. Perennial has scarcely improved to the same extent, and is worth Is 6d to Is lOd. Cowgrass is quoted at Gd to 7d per lb. on trucks, according to quality. Production is slightly more than normal. , . . Most of the white clover crop is in merchants' hands. Prod notion was not so heavy as anticipated. Values are 9d to lid per lb. on trucks. It is too early vet for anv export inquiry. Dogstail has moved up sharply in price. Ihe market opened at 3Jd per lb. for inaclmiedressed, and sellers are now asking /id. The crop turned out much lighter than was expected earlier in the season. Chewings fescue has also proved to he of small extent. The opening prices were 3d per lb. for dressed, and todav's value is 4d, which, however, is still a very low price. A few sales have been made for export. TALLOW STATISTICS (Received Juno 11. 6-5 P.m.) LONDON, Juno 10 Tallow statistics at the end of May, compared with tho previous three months, wero: —

Feb. Mar. ' April May Casks Casks Caslts Casks Stocks .. 1.615 1.774 1,800 1 927 Imports . . £l7 /J7 oil . Deliveries . . 203 6.8 488 982