BUTTER AGAIN LOWER

New Zealand Herald, Volume LXX, Issue 21641, 6 November 1933, Page 5

BUTTER AGAIN LOWER

BUYERS NOT OPERATING AN IRREGULAR MARKET GOOD DEMAND FOR CHEESE A further fall in prices for New Zealand finest butter on the London iharket was registered on Saturday, when rates up to 80s per cwt. were quoted, a reduction of 3s since Thursday. The advance in cheese values has been maintained, and there is a good demand. The following cablegram, dated November 4, was received last evening by Mr. C. R. Spragg from Bannatyne and Company, Limited: —Butter: Finest, 85s to 86s; first, 81s to 82s. Cheese: White and coloured, 49s to 50s. Tho cheese market has improved and is now firm. The decline in the market for butter is attributed to lack of buying in anticipation of lower values. The market is reported to be slow and irregular. Practically no f.o.b. business has been passing during the past twe weeks. There is still a fairly wide margin between prices for first and finest grades. Finest butter is usually in short supply in the first few months of the season. Merchants have received the following advices from their London principals under date November 3:— Mr. H. S. Withers, from A. C. Rowson. —Butter: 82s to 88s. Buyers are holding otf for lower prices. Cheese: White and coloured, 495. There is a good demand. Allen and Findlay, Limited, from Armour and Company, Limited. —Butter: New Zealand salted, 81s to 89s (last year 95s to 101s); unsalted, 108s to 112s (109s to 110s); Australian, salted, 81s to 86s; unsalted, 100s to 106s; Danish, 116s to 118s. The market is slow and prospects lower. Cheese: New Zealand, white, 48s to 49s (last year 65s to 665); coloured, 48s (60s to 61s); Canadian, 50s to 535. The market is lirm.

New Zealand Producers' Co-opera-tivo Marketing Association, Limited.— Butter: New Zealand, finest, 88s; first, 82s. Cheese: White, 48s to 495, coloured, 48s. Both markets are steady. A. H. Turnbull and Company, Limited, from W. Weddel and Company, Limited.—Butter; Danish, 118s; New Zealand, salted, 81s to 89s; Australian, 81s to 86s. The market is slow and irregular. Cheese: White and coloured, 48s. The market is firm.

NEW COMPANIES AUCKLAND REGISTRATIONS The following private companies have been registered in Auckland: — Cooper, McDougall and Robertson (N.Z.), Limited, chemists, merchants, etc. Capital, £IO,OOO in £1 shares. Subscribers: Cooper, McDougall and Robertson, Limited, 9998 shares; S. Hanowell and H. Morpeth, 1 each. Sports Supplies (N.Z.), Limited, dealers in sports supplies, etc. Capital, £6OOO in £1 shares. Subscribers: R. D. Bagnall, 1600 shares; D. M. Adams, 1000; F. C. Buddie, 750; R. G. Rainger, 500; F. A. Abbott, 350: C. H. Abbott, 300; J. R. Brendel, W&C. Leys, R. E. Rainger, C. J. Rainger, T. B. Arthur and C. V. Mark, 250 each. Earlys, Limited, dealers in land, buildings, etc. Capital, £SOOO in £1 shares. Subscribers: H. Early, 2000 shares; W. M. Early, 1700; M. A. Early, 750; L. M. Early, 550. Amalgamated Butchers, Limited, Waihi, batchers, etc. Capital, £3OOO in £1 shares. Subscribers: H. L. Franklin, A. Osborne, E. G. Hands, A. E. Pearce and L. O. Boylan, 600 shares each. Island Block Development, Limited, goldminers, etc. Capital, £2OOO in £1 shares. Subscribers: Mining Trust Finance, Limited, 1999 shares; A. Graven, one. W. C. Beaumont, Limited, manufacturers' representatives, etc. Capital, £IOOO in £1 shares. Subscribers: W. C. Beaumont, 923 shares; E. E. Beaumont, 77. Vacu Churns, Limited, to acquire patent rights, etc. Capital, £IOOO in £1 shares. Subscribers: R. F. Montgomery, H. Curd and A. R. Clark, 250 shares each; F. W. Manton, 150; C. W. S. Parker and D. G. McCaul, 50. , Investment Sales, Limited, brokers, etc. Capital; £IOOO in £1 shares. Subscribers: T. W. Hosking, 998 shares; W. G. Broadbent and B. Beckerleg, one each.

SOUTHERN REGISTRATIONS The following companies have beeD registered in Southern centres: —• PUBLIC Brown's Terrace-Consolidated, Limited, Christchurch, mining and incidental. Capital, £16,000 in shares of Is each." Subscribers: R. J. Bond, W. Millner, J. Fry, W. M. Gimson, D. ( J. Wilson, 2000 shares each; P. C. Elliot, 1500; C. L. Purdio, 1000. Maori Gully (Kokiri) Gold Dredging Company, Limited, Greymouth, mining and incidental. Capital, £24,000 in shares of Is each. Subscribers —* Greymouth: P. S. Beck, W. L. Gittos, W. Hill, H. A. Martin. Christchurch: H. P. Lewis, E. W. Reeves, A. G. Familton, 1000 shares each. Standard Securities (N.Z.), Limited. Dunedin, stockbrokers. Capital £IO,OOO in shares of £1 each. Subscribers— Dunedin: R. M. Byford, 500 shares; J. L. Napier, S. R. Medder, W. F. Titchener, 100 each; H. McLachlan, T. A. M. Quirke, and A. C. Holden, 10 each. PRIVATE Stringer and Company, Limited, Dunedin, grain merchants, commission agents, etc. Capital, £IO,OOO in £1 shares. Subscribers: G. Stringer, 3334 shares; J. Gerrie and G. W. Stringer, 3333 each. Sprfnglands, Limited, Wellington, sheep and general farming, etc. Capital, £23,790 in £1 shares. Subscribers — Pongoroa; Agues Meech, 8358 shares; R. E. Mcech, E. H. Meech, F.A. Meech, G'. A. Meech, E. S. Meech, Edith E. McDonald, Lucy 1. Hall. Taradale: W. H. Meech. Puketoi: Jessie M. Wright. Shandon: Catherine C. Butters. Toi Flat, Dannevirke: Daisy A. Plowman. Te Pnroe, Masterton: Amy Mason, 1286 each. INCREASE OF CAPITAL

N.Z. Sardine Tndti ' Development Company, Limited, A .-Island, capital increased to £7500 by the issue of 2500 additional shares of £] each. Minittg Research Company, Limited, Christchurcb, capital increased to £IO,OOO by the issuo of 100 ordinary shares of £SO pach. Farmers' Co-operative Meat Company, Limited, Wellington, capital increased to £15,000 by tho issue of 4000 A preference shares, 8000 B preferenco shares, and 1000 ordinary shares, all of £1 each. „ ® COMPANY WINDING-UP Auckland Rimu Timber Company, Limited, Mr. L. E. Bull, liquidator, Auckland.