BUTTER AGAIN FALLS

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

BUTTER AGAIN FALLS

SELLING AT 80/- TO 81/.CHEESE ALSO WEAK The market for New Zealand butter in London is again weaker, quotations received yesterday being from 80s to Sis per cwt, against 81s to 82s on the previous day. Cheese is selling at from 45s 6d to 47s per cwt. Merchants have received the following cablegrams, dated January 15, from their London principals:— Joseph Nathan and Company, Limited, from Trcngrouse and Nathan, Limited: —Butter, 80s. Cheese: White and coloured, 465. Both markets are weak. New Zealand Producers' Co-operative Marketing Association, Limited. —Butter: New Zealand, 80s to 81s; Danish, 115s. Cheese, white and coloured, 45s Gd j to 16s. Both markets are dull. A. H. Turnbqll and Company, i Limited, from W. Weddel and Company Limited:—Butter: Danish, 115s; New Zealand salted, 81s; Australian, 80s. Cheese, white and coloured, 475. Both markets are quiet. ELECTROLYTIC ZINC PREFERENCE DIVIDEND [BV TELEGRAPH —PRESS ASSOCIATIONI WELLINGTON, Wednesday The Electrolytic Zinc Company of Australasia, Limited, of Melbourne, has advised the Stock Exchange Associa- j tion that a dividend at the rate of 8 j per cent i>er annum on preference j shares has been declared for the half- j year ended December 31, 1934. It is J payable on March 13 to shareholders I registered on February (5. j The company became in arrears with the preference dividend in the year ended June 30, 1931, but all arrears were cleared in March of last year. A dividend of 4 per cent on ordinary shares for the year ended June 30, 1934, was the first paid since 1930. TRUSTEES AND EXECUTORS INTERIM DIVIDEND UNCHANGED [BX TELEGRAPH —PRESS ASSOCIATION] WELLINGTON, Wednesday The Trustees, Executors and Aizeily Company, Limited, of Melbourne, has advised the Stock Exchange Association that the board of directors has declared an interim dividend for the half-year ended December 31 at the rate of 6 per cent per annum, payable on February 1. The distribution is at an unchanged rate. GOLD AND SILVER QUOTATIONS IN LONDON (Received January IG, 7.35 p.m.) LONDON, Jan. 15 Fine gold is quoted to-day at £7 2s 4d an ounce, compared with £7 Is lid yesterday. Silver is quoted at 24 9-16 d an ounce spot, and' 24 11-16 d forward, compared with 24 7-16 d and 24 9-16 d yesterday. The quotation for silver at per fine ounce is 26$ d, compared with 26 7-16 d yesterday. HIGH PRICES FOR RAMS WAIRARAPA REALISATIONS [BV TELEGRAPH —PRESS ASSOCIATION]

MASTERTON, Wednesday Prices in advance of ( last year's rates were realised at the Wairarapa stud sheepbreeders' annual ram sale to«dny. A total of 47 Romneys sold at an average price of about 54 guineas, compared with Inst year's average of 41' guineas. Sir William Perry topped the market, securing 190 guineas, while Mr. Q. Donald, of Featherston, averaged G4 guineas for 15 Eomncys. ' PRICES OF METALS COPPER QUOTED LOWER 1/ONDON, Jan. 15 Following are to-day quotations on the London metal market, compared with those of January 14: — Jan. 15 Jan. 11 Per ton Per ton £Bd £ s d Copper, stall., spot . . 27 9 4i 28 1 lOf Copper, stan., 3 mos. 23 8 9 28 10 7 J Copper, electrolytic .. 31 0 0 31 5 0 to to 31 10 0 31 15 p Copper, elect., wire bars 31 10 0 31 15 0 Lead, soft, spot 10 5 0 10 5 0 Lead, soft, forward . . 10 10 0 10 10 0 Spelter, spot . . 12 0 0 12 0 0 Spelter, forward . . 12 6 3 12 5 0 Tin. elnn., spot . . 230 13 9 230 12 G Tin, stan., 3 mos, . . 228 18 9 228 1G 3 MOTOR ASSEMBLY NEW PETONE PLANT Negotiations have been completed for the construction of an assembly plant for Todd Motors, Limited, on the silo of the old railway workshops at j Petone. The most modern machines j and equipment will be installed and j it is claimed that when completed the j factory will be the most up-to-date in j ilie Southern Hemisphere. Approxi- j matoly ]oo men will be employed in i construction and a further 100 will lie given permanent employment in the I plant itself.

EXPORT OF EGGS' TRADE WITH CANADA The possibility of exporting eggs to Canada during November and December lias occupied the attention of tbe New Zealand Poultry Board for some time, but the danger of n repercussion through Canada exporting eggs to New ' Zealand during the winter was emphasised at a meeting of the Christ- , church district council of the New Zealand Poultry Producers' Federation by Mr. S. F. Marshall, the council's representative on the board. 110 said the New Zealand Trade Commissioner in Canada, Mr. .1. \Y. Collins, bad promised to try to get. some firm offer for eggs on the eastern coast of Canada. If eggs were sent to the western seaboard New Zealand would certainly be expected to take eggs in return during the flush season. NEW PRIVATE COMPANIES The following private companies have been registered in Auckland:— Alluvial Developments (N.Z.), Limited, to conduct mining operations. Capital: £SOOO, in shares of £1 each. Subscribers: C. R. 13odd, ]2OO shares; K. B. Brown, 700; R. P. Worley, 1). A. Schnauer and D. J. McGowan, 500 each; S. Aickin, 300; W. A. Kendon, C. 0. Gibbs, W. J. Avery, D. A. Goldie and ,T. K. Lowe, 200 each; A. Allan, B. Marshall and P. M. Thomson. 100 each. Steeples Gold, Limited, to conduct mining operations. Capital: £IOOO, in shares of £1 each. Subscribers: N.Z. Minerals, Limited, 990 shares; C. E. Clarke, nine; M. Tinline, one.