BUTTER-FAT PAYMENTS

New Zealand Herald, Volume LXXII, Issue 22010, 17 January 1935, Page 5

BUTTER-FAT PAYMENTS

DECEMBER ADVANCES NEW ZEALAND COMPANY [fkom oub own correspondent] HAMILTON, Wednesday The New T Zealand Co-operative Dairy Company, Limited, will make an advance payment of 7Jd per Hi. for finest quality butter-fat supplied during IVcember for the manufacture of butter. This disbursement is free of share credit*. Suppliers of first-grade butterfat for cheese-making will receive BJd per lb. For the corresponding month of last season the advance payments were 7xl and 8d for butter and cheese respectively. An advance payment of 9d per lb. for finest grade butter-fat for (lie manufacture of cheese will be made b\ the Norfolk Co-operative Dairy Company, Limited. Suppliers of the Sunny Park Co-op-erative Dairy Company, Limited, will receive an advance payment of 7d per lb. for finest quality butter-fat for butter-making and 8d per lb. for first grade butter-fat for the manufacture of cheese. TAURANGA ASSOCIATION BONUS ON SEPTEMBER [BY TEI.EGRAPH OWN OOIUIFSI'ON DKNT] TAURANGA, Wednesday The Tauranga Co-operative Dairy Association will pay to suppliers 7A< 1 per lb. for butter-fat of superfine quality supplied during December. The association will also make an additional payment of ljd per lb. on butter-fat supplied during September, bringing the total payment for that month to 8d per lb. AUSTRALIAN EXCHANGES YESTERDAY'S BUSINESS (Received January 16, 9.5 p.m.) SYDNEY, Jan. 16 On the Sydney Stock Exchange today Commonwealth bonds were steady, but activity in gilt-edged stocks was restricted. The market for industrial shares, viewed generally, was very strong. This morning's sales included: — Commonwealth 4 per cent bonds —1938, £104; 1941, £lO5 17s 6d; 1944, £108; 3950, £lll ss; 1953 and 1955, £lO9 17s 6d; 1957, £llO 12s 6d; 1961, £lll. Australian Gas, A shares, £8 2s 6d; Tooth's Brewery, 51s 3d; British Tobacco, 39s 9d; Broken Hill Proprietary. 54s 6d; Burns-Philp (South Sea), 24s 6d; Howard Smith, 16s; James Stedman, 17s 6d; Morris Hedstrom, 17s 4£d; Wilcox-Mofflin, 10s 7d. Later sales included: —Union Bank, £9 2s; Colonial Sugar, £42 2s 6d; Mercantile Mutual Insurance, 265; Australian Provincial Assurance, lis Id; Associated News, 245; ditto, preference. 24s 6d; Howard Smith. 16s; BurnsPhilp (South Sea), 24s 6d; Australian Gas, A shares, £8 2s 6d; British Tobacco, 39s 9d; Tooth's Brewery, 51s 3d; Drug Houses of Australia, 26s 9d: Dunlop-Perdriau, 20s; GoldsbroughMort, 30s; Morris Hedstrom, 17s 6d; Henry Jones, 36s 9d; Farmers, 27s 3d; Anthony Hordern, 19s Standard Cement, 19s 10id; General Industries. 13s lid; ditto, preference, 24s lOJd; Mount Morgan, 37s 7Jd; Mount Lvell. 17s 3d; Larut, lis 9d; Matu Tin. 255; Placer Development, £25 8s; Euratha Gold, 7s 2d. Melbourne sales included: —Commercial Bank of Australia, 16s lOd; ~E.. S. and A Bank. £5 3s: GoßsbroudiMort, 30s; Herald and Weekly Times. 57s 6d; Electrolytic Zinc, 22s 6d. FOREIGN EXCHANGES DOLLAR STRONGER AGAIN (Received January 16, G. 5 p.m.) British Wireless RUGBY,' Jan. 15 The following rates on foreign exchanges are current, compared with the cabled quotations on January 14 and par:— _ Jan. 15 Jan. 14 Par Montreal, dol. .. 4.84% New York, dol. . 4.88 4.D0/jo 4.8G6 Paris, fr. . . 74V™ . 74%,, Brussels, belga . 21.10 20.93 35.00 Geneva, fr. .. 15.25 15.11 ?5 - r? Amsterdam, fl. . 7.30 7.20/» 12.10 Milan, lire .. 57% 57V 18 92.46 Be -'in, r.m. .. 12.26 1 /* 12.20 20.43 Stockholm, kr. . 19.39 V, 19.:19 V? 18.159 Gci enhagen, kr. . 22.39Vj 22.39 /a 18.109 Oslo. kr. . . 19.90% 19.90 18.159 Vienna, sell. . . 26 26 31.585 Prague, kr. . • 118 117% 164.25 Helsingfors, mark 22GVi 226% 129.-2.1 Madrid, pes. . . 36% Lisbon, escu. .. 110% 110% 110 Athens, dr. . . 515* 514* 3i0.00 Bucharest, lei. . . 485 485 813.6 RiodeJaneiro.mil. 4%d* ' 4%d* 5.899 d Buenos Aireß. dol. 35d* 35d* 47.619 d Montevideo, dol. 40d* 39/gd old Bombay, rupee . 18% d ISVisd 18d Shanghai, dol. . . 17% Ad 17d Hongkong, do!. . 21% d 2ld Yokohama, yen . 13%? d 13% 2 d 24.5 fid Batavia. fl. .. 7.20 V!. 7.21% 12.10 Belgrade, din. . . 225 226 276.31 'Sellers. NEW ZEALAND MONEY ABROAD Current dollar exchanges, as quoted by the New Zealand banks, are as under: — Buying Selling United States .. 4.95 4.85 Canada . . 4.91 4.84 Following are the latest rates for purchases and sales of foreign exchange quoted bv the Bank of New South Wales, Auckland. They are subject to alteration without notice: — T.T. On Demand To £'l N.Z. Currency Selling Buying Selling France, fr. .. 59.53 61.13 59..->8 Noumea. fr. . 58.78 62.18 58.83 Papeete, fr. . . 58.78 62.18 58.83 Belgium, beljra . . 16.632 17.432 16.6(7 Germany, r.m. .. 9.654 Italy, lire ... . . 45.77 Switzerland, fr. .. 12.085 12.560 12.09.> Holland, H. .. 5.752 6.052 5.756 Java, fl. •• 5.67.1 5.948 5.6/7 N.Z. pence to Japan, yen .. 17% Shanghai, dol. .. 21* :f; , 20'Vsa -)./»» India, rupep . . 22" ,« Hi-? 2 Ceylon, rup'e . . 22 .< in 2-■■.u Hongkong, dol. . . 26'Y,« ■.">/« .<>^i Singapore, dol. . . 35% 3435/ m The cost in New Zealand currency of the pound sterling, and of the principal foreign units, - on the latest quotations, is as follows: . Present- Price Par 8d 8 d Australia, pound . 19 10.81 20 0.00 London pound .. 2-1 10.50 20 0.00 New York, dollar .. 5 1,18 4 1.31 Montreal, dollar 5 1.67 4 1.81 11.. r ; q f,*„nc • • • • 4.()« i 0 I.JB .Berlin, reichmnrk .. 2 0.34 'Copenhagen, krone .. 2 3.33 1 3.-2 Yokohama, yen .. 1 4.40 - 0.08 CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of the vessels named are shown in the followtable. They are subject to confirmation bv the Customs Department when the exact .time of departure is learned on arrival of the vessel m New Zealand, finally declared rates being marked*: — Canadian Britisher, Canada, dol. .. t• '? Benholm. America, dollars .. .. 4.9 L,, Aorangi. Canada, dollars .. .. 4.8.)/* Waikawa. America, dollars .. .. j-;":'-' Golden Cloud. America, dollars .. 4.9 Brisbane Mnru, Japan, yen .. Mri Monterey. America, dollars . • 4.aiVi«

BRITISH WAR LOAN (Received January 16. <5.5 p.m.) British "Wireless RUGBY, Jan. 15 War loan. 3$ per cent, is quoted today at £lO9 s 7s 6d, compared with £IOO 10s yesterday.