BUTTER AT 120/-

New Zealand Herald, Volume LXXV, Issue 22991, 19 March 1938, Page 11

BUTTER AT 120/-

RISE OF 1/6 ON WEEK LOW DANISH PREMIUM FURTHER GAIN IN CHEESE With choicest salted New Zealand butter still quoted at 120s per cwt., tho London market is reported to be quieter. After touching 120s per cwt., in the middle of the week, Australian has declined to Il9s. Danish is unchanged at 1225, and the premium has been reduced to only 2s, tho lowest figure since October of last year, vaen the difference in levels was only Is. Valjies for New Zealand butter have advanced by Is 6d per cwt. since the close of last week. The current quotation for New Zealand is about 8s above the London landed equivalent of the guaranteed price, and is still well in excess of tho values ruling last year, when the rate was about 09s por cwt. The present prico also is the highest since November of last year. Values for cheese show a further marked rise over those ruling at the close of last week. On a firm market, both New Zealand white and coloured have increased b,v from Is to Is 6d per cwt. A similar advance has taken place in Australian, which is still quoted lower than Now Zealand. A Press Association message sent from London on Thursday states that the market for butter is quieter. Danish is quoted at 122s per cwt.; choicest salted New Zealand, 120s; Australian, 119s; unsalted. Now Zealand and Australian, 1225. Cheese is firm. New Zealand, white and coloured, 70s; Australian, 68s to 68s 6d. Recent quotations and those of a year ago compare as follows: Mar. 18 Mar. 11 Feb. IS Mar. 1!) Butter— 1938 1938 1938 1937 New Zealand 120/- 118/0 1)3/- 99/Australian . 119/- 118/0 113/- 99/Danish . . 122/- 122/- 127/- 120/Cheese—N.Z.: White 70/- (58/9 07/- 04/Colonred . 70/- 08/0 07/0 04/Canadian: White .. 70/- 7 5/0 71/0 71/0 Coloured . . 77/- 70/0 74/6 71/0 The basic rates fixed under tho New Zealand guaranteed price scheme, subject to quality differentials, are 123s 8d for butter, and 70s i\A for choese per cwt., f.0.b., New Zealand currency. Tho equivalent landed price for butter in London is 112s and for cheese 675. The guaranteed price for butter is equal to 13.25 d per lb. f.0.b., and the current London quotation is equal to 14.30(1, New Zealand ports. Tho equivalent price for cheeso is around 7.94 d per lb., f.0.b., compared with tho guaranteed price of 7.64 d.

BEEF FOR CHILLING RESEARCH IN WAIKATO IMPORTANCE TO SHEEP FARMS [from our own correspondent] HAMILTON. Friday That the increasing importance to the Waikato of the> raising of chilled beef cattle in conjunction with fat lamb production is recognised was indicated in a report presented at the inaugural meeting of the advisory committee of the Ruakura Farm of Instruction today. It was stated that investigations on this subject at Ruakura were now proceeding along two main lines. The first direction in which research was conducted was the producing and rearing of the cattle to fit in with the surplus grass on sheep farms, and the second was the production of the suitable type of carcase fen - the Home market. The period of calving was being varied in order that cows would calve when there was grass for milk production without robbing the ewes and fattening lambs. An endeavour was also being made to obtaiu a standard of carcase measurements for chilled beef suitable for the Smithfield market, Mention was made of the fact that there was often considerable disagreement between the placing of competition beef carcases m New Zealand as compared with the awards of the Snjiithfield judges. The well-known English expert Dr. J. Hammond had expressed his willingness to obtain reports on the individual animals of any consignment sent by Ruakura.

THE CITY MARKETS TOMATOES PLENTIFUL POTATOES SELL CHEAPLY Heavy quantities of Hutt tomatoes tiro now arriving at the Auckland City Markets and yesterday the - price was affected by the increased supplies available. A slightly improved demand was experienced for better quality dessert apples, but good quality pears sold slowly. There was also a poor inquiry for cooking pears and other lines which wcro available in plentiful supplies. A fresh shipment of Californian oranges sold freely, while prices for lemons were lower with slightly increased quantities coining forward. Passion fruit are becoming scarcer. Potatoes were available in supplies far in excess of the demaud and sold at very cheap rates. High prices again were obtained for cabbage, which were in short supply. Green peas also realised high values, but carrots were a glut on the market and sold cheaply. Beans weco available in heavy quantities with prices a little lower. Kumaras also were cheaper than last week. Pumpkins were plentiful, but many green and unfit to market. Heavy supplies of poultry met with a fair demand all round, the prices paid being slightly higher. Young drakes and ducks were keenly sought. Values were:— ' FRUIT Apples, Kidd's Orange Red, as Od to Gs Gd a case; Cox's Orange. -Is to 8s; Delicious, 2s Gd to 4s; BallaraT] 4s to Gs; Granny Smith, Is Gd to Gs Gd; Jonathan, 3s Gd to ss; Munro, 2s Gd to 3s Gd; pears, L.8.J., 5s to 8«; Packhams, 3s to 4s Gd; Bon Chretien, 4s (id to 5s Gd; Winter Coles, 4s Gd to Gs Gd; tomatoes, outdoor, extra choice, os to Gs Od; others, Is Od to 4s; Hutt., '2s Gd to 4s; orungres, Californian, 35s to 80s Gd; Jamaicr.n, 2l>s; grapefruit, Californian, 35s to 30s; lemons, choice, cured, 12s to 17s; others. 5s to 10s: banana):, ripe, 30s to 40s; grapes, To Kauwhata, 8s to lls; hothouse, Hamburg, Gd to Is Id per lb; Moroe, 8d to llVid: peaches. Golden Queen, 5s to 8s a case; blackberries, Gd a chip; cape gooseberries, 4%d to Od per lb; passion fruit, 3s lo Ss a case; figs, 2s to 4s a case; quinces,, 7s to lis Gd a case. FIELD PRODUCE Beet, Od to Is 3d a dozen; celery, cooking, ltd to Is a bundle; dessert, Is 3d to 2s Od; carrots, Gd to Is a dozen; Is Od to 4s a bag; cauliflowers, 2s to 4s a sack; CBbbages, 8s to IGs a sack; cucumbers, Is Gd to 3s Od a dozen; French beans. 2s lo 4s a bag; stringlcss beans, 4s to 8s a bag; ureen pens, 8s to 17s a bag; kumaras, 3s to 5s a bag; leeks, 3d to Id a bundle; lettuce, Is Od to !)s a case; marrows, Is to 2s a dozen; melons, water, Gd lo 'Js each; citrons, 'is Gd to 3s a sack; onions, best grade, 4s Od lo 5s Od a bag; small, ungraded, 2s to 3s; potatoes, Ohakune, 3s to 4s Od a bag; Piikekolio. Is to 2s; pumpkins, choice, ripe grown, 7s to H)s per cwi; mixed Crown and Triumble, 3s to 7s a sack; parsnips, Is Gd to 2s a dozen; radish, Gd to Is a dozen; rhubarb, Is lo 2s Gd a dozen; spinach, Is (id to 2s 3d a dozen; spring onions, 1s Od to 2s a biyidle; swedes, 'Js to 3s a batr; turnips. Gd lo i)d a dozen. POULTRY Cockerels, heavy breeds, prime. 3s lo 5s Od each; not. prime, 1s Gd to 3s; light breeds, prime, Is 3d lo 2s Od; not prime, Is Od up; fat roosters, heavy breeds, prime. 2s to 3s; light breeds, Is lo Is (id; fat hens, heavy breeds. 2s Od to 4s; light breeds, Is to 2s 3d; pplleis, heavy breeds, best, 5s to Os; smaller, 2s up; light breeds, best, 4s lo Os Orl; smaller, 2s lo 3s; drakes, young, prime, 2s lo 3s; smaller. Is up; old, Is lo Is (id; ducks, youncr, 3s to 4s; old, Is to 18 Gd; treewe. .">s; turkey bens. ss, gobblers. 10s to 15s. FARMERS' BUTTER AND EGGS Etrgs. hen, first grade, 2s 2V 2 d a dozen; B crade, is W'/ad; C grade. Is 3'/,d; duck, first grade., '_'s i'/ 2 d a dozen; B grade, Is lO'/jd; C grade, Is 4'/ad; farmers' butter, Od to'la 2'/»d per lb.