BUTTER QUIET

New Zealand Herald, Volume LXXV, Issue 23003, 2 April 1938, Page 11

BUTTER QUIET

SLIGHT EISE ON WEEK •' . _ " ' I NEW ZEALAND AT 115/« . LOW PRICE FOR DANISH \ Although quiet conditions still prevail on the London butter market, choicest salted New Zealand shows an improvement of 6d per cwt. over last week's quotations. The current price for New Zealand is 115s per cwt., on a par with Australian, compared with 114s fid a week ago. Earlier in" the week the price dropped as low aB 113s. Danish has shown a steep, decline of 6s fid on the week. Current quotations are from 113s to 114s per cwt., the lowest level since June of last year, when Danish was quoted at 112s. Cheese also shows a slight improvement on the week, current levels being 3d per cwt. higher. Australian is fairly steady, the price remaining about the same. A Press Association message sent from London on Thursday states that butter is quiet. Danish is quoted at 113s to 114s per'ewt.; choicest salted Australian and New Zealand, 115s; unsalted, New Zealand, 119s to 120s; Australian, 118s to 119s. Cheese: New Zealand, white and coloured, 69s 6d; Australian, 68s. Recent quotations and those of a year ago compare as follows: Apl.l Mar. 25 Mar. 4 Apl. 2 Butter— 1938 1938 1938 1937 New Zealand 115/- 111/0 116/- 100/Australian . 115/- 114/- 110/- 100/Danish . . 113/6 120/- 322/0 110/Clieese—N.Z.s White ~ 09/(5 09/3 671 V (55/9 Coloured .. 09/0 09/3 OS/- 65/9 Canadian: White .. 77/- 77/- 75/0 73/fl * Coloured . . 77/0 77/0 .75/0 73/0 The basic rates fixed under the New Zealand guaranteed price scheme, subject to quality.differentials, are 123s 8d for butter, and 70s 4id for cheese per cwt., f.0.b., New Zealand currency. The equivalent lauded price for butter in London us 112s and for cheese 675. The guaranteed price for butter is equal to 13.25 d per lb v f.0.b., and the current London quotation is equal to 13.67 d, New Zealand ports. The equivalent price for cheese is around B.BBd per lb., f.0.b., compared with the guaranteed price of 7.54 d. A. S. Paterson and Company, "Limited, quote: —Butter: The market is firm. Australian and New Zealand, 115s 6d. Danish: 115s to 116s, market steady. Cheese: The market is firm. New Zealand, white, 69s 6d; coloured, 70s. Australian: The market is quiet; white, 67s to 67s 6d.

THE (CITY MARKETS POOR DEMAND FOR APPLES POTATOES IN HEAVY SUPPLY Apples remained in comparatively poor demand at the City Markets yesterday, although some of the best dessert varieties were available. Pears sold j well and there was a fair demand for Te Kauwhata and choice hothouse grapes. There was a good inquiry for oranges and mushrooms and Queensland pineapples, which were in poor condition, sold at 'fovv prices. The first shipment of bananas to be handled under Government control will arrive on Monday by the Niagara from Fiji. Heavy supplies of potatoes and pumpkins were disposed of at cheap rates and kumaras were also plentiful, the rates remaining about thcs same.'While cabbages were still in short supply and dear, beans were very plentiful and only the best quality stringless variety was wanted, the others being unsaleable. Carrots were plentiful and fairly cheap in contrast to the same period last year when they were scarce. The prices for celery were a little lower, while there were fewer green peas, firmer prices ruling. ' ' ■

The supply of poultry was very heavy and the demand good for choice birds. First grade hen eggs were the same in price, but first grade duck eggs were down Id a dozen and second grade down 2d a dozen. Supplies of cut flowers wer<> small and there was a good demand fpr most lines. ■ t Values were:—

FRUIT Apples, Cox's Orange, 4s to 6s a case; Delicious, 2s to 3s; Ballarat, 3s 6d to 4s 9d; Granny Smith, 4s 6d to 6s 6d; Jonathan, 3s to 5s Gd; Winesap, 3s to 4s; pears, L.8.J., 7s Gd to 9s Gd; Packham's, 3s 6(1 to 4s 6d; Peter Barry, 3s to 4s; Winter Coles, 7s to 0s; tomatoes, outdoor, extra choice, 6s 6d to ,7s 6d; others, 3s to 5s Gd; oranges, Californian, 35s to 41s: lemons, choice, cured, 10s to 13s; others, 5s to Ss; pines, Queensland, condition poor, Ss to 14s; choice quality, 15s to 20s; grapes. Te Kauwhata, 9s to' lis a case; hothouse. Hamburg, 8d to lid a lb.; Coleman, extra choice. Is Gd to Is 9d a lb.;.others, 9d to Is 3d a lb.; cape gooseberries, 5d to 6d per lb.; passion fruit, 6s to 9s a case; figs, is to 3s; guavasi, 5s to 6s; persimmons, 5s to Gs; quinces, 7s Gd to lis. FIELD PRODUCE Beet, 9<l to Is 6d a dozen; celery, cooking, 9d to Is 3d a bundle; dessert, Is Gd to 2s Gd a bundle; carrots, Gd to Is a dozen, and 2s to 4s 6d a bag; cauliflowers, 4s to 7s a sack; cabbages, 7s to Iss a sack; cucumbers. Is to '2s 6d a dozen; French beans, Is to 2s a bag; stringless beans. 3s to 7s Gd a bag; green peas.. 6s to 'l"* a bag: kumaras, 4s to 5s Gd a bag; leeks. 3d to 6d a bundle; lettuce, 3s to 8s 3 case; marrows, Is to 2s a dozen; melons, water, 4d to 2s each; citron, 2s to 3s a. sack; onions, No. 1, 4s 6d to 5s 3d a bag; medium, 3s tto 4s a bag; potatoes, Ohakune Suttons, 4s 3d to 5s a bag; others, 3s to 4s a hag; Pukekohe, Is to 2s 6d a bap; pumpkins, choice Crown, 6s to 9s per cwt.; Triumblo, 3s to Gs a sack; Red Warren, Is Od to 2s Gd a sack; parsnips, Is to Is Gil a dozen, or 3s to 4s Gd a bag; rhubarb. - Is to 2s Gd a dozen; spinach. Is 3d to 2s 3d a dozen; spring onions. Is to Is Gd n bundle; swedes, 2s Gd to 4s a bag; turnips. Gd to 9d a dozen. POULTRY Cockerels, heavy breeds, prime. 3s to ss. not. prime, Is 6d to 3s; light breeds. pnmc Is 3d to 2s 9d; not prime, Is Gd up, fat roosters heavy breeds, prime. s to oS, breeds, is to Is 6d; fat hens, heavy breeds 2s Gd to 4s; light breeds, Is 3d to •> s 3d; pullets, heavy breeds, best, 5s to 7s; smaller 2s up, light breeds, best, 4. to <s, smaller' 2s to 3s; drakes, young, prime, 2s to "s ; smaller, Is up; old Is/to Is fid; voune 3s to 4s; old, Is to Is 6d; geese.' ss; turkey hens, ss; gobblers, 10s to 15s. " I butter and eggs Eggs, hen. A f?rade, 2s 2Vid a dozen; B srrade Is 7Vjd; C grade, Is 3/ a d; duck, A Ts 3lid. Farmers' butter, lOd to Is Id per lb. WHEAT, FLOUR AND SUGAR , - LONDON, March 31 Wheat. —Cargoes are lower; and parcels have declined. Futures; —London; May, 41s 3d a quarter; August, 39s 2d. Liverpool: May, 6s 7id a cental; Julv, 6s 7id; October, 6s 6Jd. Spot trade is quiet. Australian,'ex ship, 3os 9d to 38s. Flour firm. Australian, ex store, 26s 6d to 27s 6d. Raw sugar, beetroot basis, 5s a cwt. CHICAGO, March 31 Wheat.—May, 85j cents a bushel;' July, 81t cents; September, 82 cents.