DAIRYING SEASON

New Zealand Herald, Volume LXXII, Issue 22108, 14 May 1935, Page 5

DAIRYING SEASON

OUTPUT IN DOMINION RATE OF FALL CHECKED 7 PER CENT TO END OF APRIL The dairy output in the Dominion for the nine months of the current season ended April shows a reduction of 7.3 per cent, compared with the previous season. On the same basis, in the butter-fat yield calculated 011 export gradings of produce, the fall to the end of March was 8.1 per cent and to the end of February 7.5 per cent. The usual seasonal decline was reflected in the grading returns for April. However, this year the April figures for butter were higher than in April, 1934, whereas month for month a fall has been shown since August, the opening month of the season. Durifig.April, 9285 tons of butter were graded for export, compared with 8525 tons in April, 1934, and 7136 tons of cheese, against 8950 tons. Grading returns for export in the Dominion during the current season to the end of April, compare with the previous season as follows: —

PRODUCE MARKETS

TRADE IN AUCKLAND LATE POTATO SHIPMENT AUSTRALIAN POLLARD PRICES There has been a fair inquiry for grain and produce over the past week, but business has been limited by the high value# ruling for most lines. The late arrival of the southern potato shipment this week will give merchants an opportunity to clear stocks. The only price movement of not© has been a further firming in the Australian pollard market. POTATOES The next shipment of potatoes from the South Island ttill not arrive until Thursday and by that time spot siocks should be rather short. Prices are firm in the south, and whites are commanding o premium over Red Dakotas. Small quantifies of Pukekohe potatoes arc offering. Current through store values are from JE7 15s to £& 10s a ton. ONIONS Trade in onions is %'ery slow. Through store, good quality are. worth from 14s to 15b per cwt. Japanese onions are expected at the end of July and Canadian from September onward. Canadian are quoted "to arrive" at 17s Gd per ,1001b. bag. FOWL WHEAT The position for fowl wheat is unaltered. Undergrade lines are practically unprocurable. Prices range from ss. 6d to 5s 10d a bushel through store.. MAIZE V The market for maize is very quiet, with only limited quantities offering. Curront values are around 4s Sd to 4s fid a bushel through store, or 4s 2d to 4s 3d a bushel ex wharf. BRAN AND POLLAftD Supplies of local pollard are very short and Melbourne is at present the chief source of supply. The market is very firm, and, as the Australian price has risen by 5s a ton during the week, higher prices are possible locallv. Through store local pollard is worth £0 10s a ton and Australian £7. Bran is unchanged at £6 a ton. OATS AND CHAFF Merchants are finding difficulty in obtaining supplies of Garton oats, the market for which is very firm. A grade are worth up to 4s 3d a bushel, and B grade around 3s lid *a bushel, through store. Dun oats are exceedingly scarce, while the price of hulled oats is practically prohibitive. Chaff is selling freely from £7 to £7 10s a ton through store.

BANKING IN BRITAIN

DIFFICULT 25 YEARS PUBLIC CONFIDENCE HELD LONDON, May il The Spectator's financial editor contributes a timely article on "Twentyfive Years of British Banking," in which he mentions that when George V. came to the Throne in 1910 the total banking deposits of the joint stock banks in England and Wales amounted roughly to .£720,000,000, whereas at the end of 1934 the total exceeded £2,000.000,000. The writer adds that throughout these 25 years the joint stock banks had to stand the strain, first, of the Great War, then of a, short period of superficial prosperity, later the strain occasioned by many years of financial depression and crises in many parts of the world, and, finally, the political crisis of 1931 and Britain's departure from the gold standard. Throughout all these crises confidence in the banks never waned. 1 his point gains importance when it is remembered that the stability of British banks has been in striking contrast to the conditions which have prevailed in other countries, not the least in tho country which was supposed to benefit most from the Great War, namely, the United States.

PUKEKOHE PRODUCE VALUES

[from oub own correspondent] PUKEKOHE. Monday The price of locally-grown onions remains steady at 13a Bd per cwt., f.o.r. Pukekohe. Supplies of (able potatoes, which Bell at 8s per cwt., arc not heavy. Cabbages are pricVl nt from 7s to 8s ft lni'ue sack; cauliflowers at 10s fid a small sack; carrots at Ha 3d a sugar bag; parsnips at 4s a sugar bits: beetroot at 3s ft sugar bag; rhubarb nt 2s 9d a dozen bundles; pumpkins nt. «s 6d per cwt.; lettuce at 8s 6d a case; califlower plants at 10s for 1000; and cabbage plants at 7s for 1000. PIG VALUES AT TAUPIRI [from our own correspondent] TAUPIRI. Monday The New Zealand Loan and Mercantile Agency Company, Limited, held its usual fortnightly sale at Taupiri to-day. A heavy ■>ntry of pigs came forward. Competition on I,raW bacon was keen. Pork was easier, but store and weaner pies sold well up to lute rates An even line of 80 prime baconers on account of H. J Crampton. of raupin, averaged £3 7s. H-nvy baconers. £3 5s to £3.105; medium, £1 15s to £3 '2s; light. £2 lis to £2 14s; heavy porkers, £1 19s to £2 ss; medium. J'l 13a to £1 17s; light. £1 5s to £1 10s; good stores. His to £1; stores, to 14s fid; wenners. 7s to 10s fid; six-month-old 'Tam worth boars, to £3 3s; sows, with young, to £3 10s.

BUTTER 1934-35 1933-34 Tons Tons August .. 6,487 ► 6,462 September .. 10,186 10,912 October . . .. 16,-195 15,850 November .. 23,125 23.166 December 17,350 18,520 January .. 17,675 19,919 February .. 10,825 13,425 March .. 11,050 11,825 April •. .. 9,285 8,525 Total tons .. 121,128 128,604 CHEESE 1934-35 1933-34 Tons Tons August 712 691 September .. 4,225 4,029 October .. 9,899 10,983 November . . . . 10.530 17.493 December .. 13,319 14,199 January .. .. 13,065 15,385 February .. 8,957 11,083 March .. 7.911 9.968 April .. 7,136 8.950 Total tons .. 82,384 93,381