FALL IN BUTTER

New Zealand Herald, Volume LXXIII, Issue 22345, 17 February 1936, Page 5

FALL IN BUTTER

LONDON MARKET .QUIET NEW ZEALAND AT 95/CHEESE VALUES LOWER The price of New Zealand butter in London has dropped Is, now being quoted at 95s per cwt. The market is quiet. There has also been a drop in cheese values. White is selling at 535, a decrease of about 3d, and coloured at, 57s per cwt., 6d lower than the previous rates. This market also is quiet. Merchants have received the following cablegrams, dated February 14, from their London principals:— A. 11. Turnbull and Company, Limited, from W. Weddel and Company, Limited. —Butter: Danish, 128s; New Zealand, salted, 955; Australian, 945. The market is quiet. Cheese: White, 535; coloured, 575. The market is quiet. N#w Zealand Producers' Co-operative Marketing Association, Limited. —Butter: New Zealand, 955; Danish, 1265. Cheese: White, 535; coloured, 575. Both markets are quiet. Allen and Findlay, Limited, from Armour and Company, Limited. —Butter: The market is quiet. New Zealand, salted, 94s to 955; unsalted, 100s to 101s. Australian, 955; Danish, 1295. Cheese: The market is quiet. New Zealand, white, 535; coloured, 575. to 58s. Canadian, 61s. DAIRY BOARD'S REPORT DETAILS OF QUOTATIONS The New Zealand Dairy Board has received the following market report from its London office, dated February 14, 1936 (figures for the previous week being given in parentheses):— Butter. —New Zealand, salted, 95s to 96s (equals approximately 11.18 d, f.0.b.) (96s to 975); unsalted, 102s (102s). Deliveries: New Zealand, 1742 tons (last year 2182 tons); in store, 3108 tons (last year, 5325 tons). Australian, salted, 94s 6d to 95s (95s to 965); unsalted, 100s (100s). Deliveries: Australian, 2881 tons (last year, 3068 tons); in store, 4536 tons (last year, 3745 tons). The market is quiet. New Zealand retail price, unchanged, Is. Argentine, unsalted, 94s to 99s (92s to 975); Danish, 108s, f.0.b., 126s to 128s spot (104s and 1255); Dutch, unsalted, 97s to 113s (96s to 107s); Polish, salted, 93s up to 96s (90s to 945); unsalted, 94s to 95s (925). The market is quiet. Danish retail price increased to Is 3d. Cheese. —New Zealand, white, 53s to 53s 6d (equals approximately 5.81 d, f.0.b.) (53s to 53s 6d); coloured, 57s to 57s 6d (equals approximately 6.35 d, f.0.b.) (57s 6d to 58s). Deliveries: New Zealand, 17,225 crates (last year. 20,131 crates); in store, 53,206 crates (last year, 128.956 crates). The market is quiet. New Zealand retail price, unchanged, 7d and Bd. Canadian, white, 60s to 62s (59s to 625); coloured, 62s to 64s (62s to 645); old season's white, 65s to 76s (65s to 68s); coloured, 68s to 70s. Deliveries: Canadian, 4393 boxes (last year, 5336 boxes); in store. 115,366 boxes (last year, 108,163 boxes). English, finest farmers', 96s to 106s (96s to 106s); factory, 48s to 54s (48s to 545). The market is steady. Stocks are practically cleared of both Australian and South African white and coloured cheese. BOARD'S EXPORT SCHEDULE NO CHANGE IN RATES The minimum f.o.b. rates fixed by the Dairy Produce Board for the period from February 15 are unchanged as follows:—Butter, lid per lb., and cheese, 53d. These rates are equivalent to 89s Id and 49s 7d per cwt., c.i.f.e., and are less li per cent commission. SALES OF WOOL LARGE INCREASE SHOWN EXPORT FIGURES HIGHER Sales of wool in the Dominion for the first seven months of the season show a large increase, according to returns compiled by Dalgetv and Company, Limited. Dominion offerings comprised 323,955 bales, of which 307,575 were sold, while the corresponding figures for 1934-35 were 230,818 and 200,207. During January, 152,330 bales were offered and 147,216 sold. Exports of wool during January totalled 120,370, against 73,631 for the corresponding period last year. Of the total 5193 bales were shipped from Auckland and Opua. For the seven months' period, 302,568 bales were exported, compared with 186,459 in the previous season, the Auckland and Opua figures being 33,419 and 20,956 bales respectively. NEW COMPANIES REGISTRATIONS IN SOUTH The following registrations of new companies in the South are shown in the Mercantile Gazette: — < PUBLIC Giles Terrace Sluicing Company, Limited, Hokitika. Capital, 110,000 shares at Is each. Subscribers: Westport —G. W. Head, 3720; A. J. Green, 2139; .1. Bradley, 2139; W. P. Sranion, 3720; H. Morgan, 3860; E. Skilton, 4556; J. Risk, 4372. Objects: Mining purposes and general incidental. River ton Centenary Celebrations, Limited, Invercargill: Capital. £2OOO in 2000 shares of £1 each. Subscribers: Rivorton —T. Borland, J. Crawford, G. O. Canells, A. R. Dickson. F. L. Girvan, 11. L. Hunt, J. A. Martin, A. E. McNaughton, E. B. Patrick, D. C. Robertson, R. J. Walker, A. Hamilton and D. M. Tweedie, two shares each. Objects: For the purpose of celebrating the 100 years of early settlement in Riverton. PRIVATE Dillmans Sluicing Company, Limited, Hokitika. Capital: £3200 into 3200 shares of £l. Subscribers: Timaru —J.T. Brady, 1500. Greyinouth—T. Learmont, 1200; J. W. Hannan, 200. Kumara —T. McGrath, 100; L. Tomas, 200. Objects: Mining purposes and general incidental. Sheriff and Company, Limited, Invercargill. Capital, £2OOO in 2000 shares of £1 each. Subscribers: Tuatapere—W. Sheriff, 1000; S. A. Walker, 500; It. E. Sheriff, 500. Objects: Sawmillers and timber merchants. New Zealand Prospecting and Mining, Limited. Capital, £50,000 in 50,000 shares of £1 each. Subscribers: Alluvial Prospectors, Limited, 25,000; British Development Company, Limited, 25,000. Objects: To prospect and search for gold and other minerals. CHANGE OF NAME Williams Rotary Engines Company, Limited, Auckland. Name changed to "Mainacraft Engines, Limited." Johnston's Blue Taxis, Limited, Auckland. Name changed to "Johnston's Blue Motors, Limited."