BUTTER MARKET STEADY

New Zealand Herald, Volume LXX, Issue 21617, 9 October 1933, Page 5

BUTTER MARKET STEADY

AN IMPROVED TONE GOOD DEMAND SHOWN CHEESE OUTLOOK FAVOURABLE There is a better tone in tho London market for butter and cheese. After a continued decline from the high level of 110s per cwt. touched two weeks ago, prices for New Zealand finest have steadied at 100s to 102s per cwt. This is equal to about Is a lb. f.o.b. New Zealand ports at tho present rate of exchange. According to one advice received on Saturday, tho demand is good and prospects are more favourable. The cheese market is steady. White cheese is quoted Is higher at 51s per cwt., and coloured unchanged at 50s, with higher prospects. Merchants have received the follow-, ing cablegrams, dated October 6, from their London principals:— Allen and Findlay, Limited, from Armour and Company, Limited: —Butter: New Zealand, salted, 98s to 102s (last year, 106s to 115s); unsalted, 105s to 112s (112s to 116s); Australian, salted, 97s to 102s; nnsaltcd, 102s to 106s; Danish, 106s to 108s. Tho market is steadier. Cheese: New Zealand, white, 49s to 51s (65s to 665); coloured, 49s to 50s (59s to 51s); Canadian, 54s to 565. The market is steady and prospects higher. Mr. H. S. Withers, from A. C. llowson. —Butter: First, 98s; finest, 102s. Tho demand is good, the market being steady with a brighter tone. Cheese: White, 51s; coloured, 50s. Tho demand is good and the market is advancing and promising. New Zealand Producers' Co-operative Marketing Association, Limited.—Butter: New Zealand, finest, 100s to 102s. Cheese: White, 49s to 51s; coloured, 49s to 50s. Both markets aro steady. A. H. Turnbull and Company, Limited, from W. Weddel and Company, Limited—Danish butter, 105s to 106s; New Zealand, salted, 98s to 102s; Australian, 99s to 102s. The market is steadier. Cheese: White, 49s to 51s; coloured, 49s to 50s. The market is firm. COAL BY-PRODUCTS QUESTION OF MANUFACTURE INTEREST AT WHANGAREI [from OUlt own correspondent] WHANGAREI, Saturday At the meeting of the Whangarei Chamber of Commerce last evening Mr. J. E. Holmes referred to the resolution carried by the Westport Chamber of Commerce urging the Prime Minister and Parliament to give immediate and favourable consideration to tho proposal to manufacture by-products from small and unsaleable bituminous coal at Westport and Greymouth. He said tho acute position regarding unemployment made it reasonable that tho Government should subsidise some such scheme. Motor spirits could be obtained from coal and it might thus be possible to re-employ those miners at Hikurangi who were out of work. It was decided to communicate with the Westport chamber to ascertain what further steps were being taken in the matter. STOCK SALES NCARUAWAHIA PRICES The New Zealand Loan and Mercantile Agency Company. Limited. Hamilton, reports on its Ngaruawahia stock salo held on Friday as follows:—Tho entry comprised more than tho usual number of fat cows, among which wero a fair proportion of quality animalfi, a good largo entry of store cows, a number of bulls and a fair entry of mostly 'inferior quality dairy cattle. Generally late rates prevailed throughout, most of the offering changing hands. Heavy fat co.VB made £& 5s to £4 13s; good quality cows, £3 5s to £'4; medium, £2 12s 6d to £3 '2s Gd; forward conditioned, £1 18s to £2 10s; good stores, £1 0s to £1 17s Gd; yearling pedigree Jersey bulls, Gi guineas; potter bulls, to £4 12s Gel; good quality springing Jersey heifers, £6 to £7 ss; medium, £4 to £5 10s; inferior, to £3 10s; good milking dairy cows, £1 5s to £5 15s; others, up to £4. TE AWAMUTU BULL SALE The Farmers' Co-opern(ive Auctioneering Company, Limited, reports having held its Te Awamutu bull sale oil Friday. A medium yarding, mainly of inferior quality bulls, camo forward, and met with dull competition. Values were: —Pedigree Jersey bulls, two years old, from 8 guineas to ll) guineas; yearling pedigree Jersey bulls, from 5 guineas to 8 guineas; grade Jersey bulls, yearlings, £3 10s to. £5 10s; grade Jersey bulls, two-year-olds, .£3 to £5 15s; gru.de Jersey bulls, aged, £1 Jsa to £i; Ayrshire bull, £3 ss; Shorthorn bull, £4. The New Zealand Loan and Mercantile Agency Company, Limited, Hamilton, reports that its yarding consisted of upwards of 130 head, a good proportion of which were young bulls and mostly all Jerseys. Thoro was a very large attendance of local purchasers, and competition throughout was spirited, particularly for young quality bulls. Though practically everything found buyers, inferior quality bulla did not meet with so freo a sale as the others. Values wore:— A few yearling pedigreo Jersey bulls, up to 121 guineas; two-year, good quality, 8 to 11 guineas; others, to 7 guineas; best quality grade Jersey yearlings, £0 (o £7; good quality, £4 15a to £5 10s; others, £3 10s to £4 10s; best quality two-year grades, £8 Bs (o £10; good quality, £5 15s to £7; others, £1 10s to £5 10s. PUTARURU QUOTATIONS Tho Farmers' Co-operative Auctioneering Company, Limited, reports having held its Putururu stock salo on Friday, when a full yarding of all classes of caltlo was penned. Fat cattle values showed no alteration, while values for store and boner cows eased on lato rates. Dairy cattlo were penned in average numbers, tho majority lacking quality, and the demand was not keen. A full yarding of pigs met with a keen demand. Values were:—Light fat cows and heifers, £2 His to £3 Is; killublo cows, £2 6s to £'2 ]'2a Gd; fresh-conditioned cows, 35s to £2 2s Gd; boner cows, 10s to 24b; good quality yearling Jersey hoifers, £3 Is to JJB 7s; good quality yearling Jersoy-cross heifers, £2 5s to £2 18b; smaller yearlings, 29s to 37s Gd; pedigree two and throe-year Jersey bulls. G guineas to 10 guineas; best grado two-year Jersey bulls, £8 to £ll 15s; ot.hor grade bulls. £1 to £G 10s; potter bulls, 20s fo £2 10s. Dairy cattle: Best Jersey heifers, close to profit, £5 5s to £5 15s; Jersey and Jersey-cross heifers, later calvers, £4 to £4 lfis; sound young cows, in milk. £4 to £5; sound young cows, close to profit, £3 15s to £4 10s; aged and inferior sorts. 00s to £2 10s. Pigs: Good Tamworth stores. 29s to 345; smaller, 24s to 2Gs; slips, 235; good Tnmworth-crosß weaners, 20s to 23s r>d; smaller, 17s Gd to 19s: others. 12s to IGa. MAUNGATUROTO PRICES [ I'ROM OUR OWN CORRESPONDENT] WHANGAREI. Saturday The North Auckland Farmers' Co-opera-tive, Limited, reports having held i» successful stock salo at Maunguluroto yeetorday, when an exceptionally heavy yarding of cattlo camo forward. There was a good attendance of buyers and competition was very keen for all classes of cattlo. Values were:—Best bullocks, £4 5s to £4 16s 1 : 3}-year-old bullocks, £3 10s to £3 16s; 2kvearo!d bullocks, £2 10s to £3 7s Gd; 2-ycar-old sieors. £2 to £2 7s 6d; yearling steers, £1 Rs to' £1 17s Gd; fat hoifers. £4 l'2s; fat bullocks, £5 3s to £5 lis; best dairy cow«. £2 15s to £4: others, £1 10s to £2 10s; yearling Jersey heifers, £2 17s to £3 3s; yearling Shorthorn heifers, £1 10s to £1 15s; yearling Jersey bulls, high grade, £3 15s to £4 ss; aged Jersey bulls, £2 10a to £i.