RISE IN BUTTER

New Zealand Herald, Volume LXXV, Issue 23127, 27 August 1938, Page 9

RISE IN BUTTER

NEW ZEALAND AT 121/MARKET MORE ACTIVE CHEESE SUPPLIES SHORT Recent declines in the price of New Zealand butter in London have been checked. The latest quotation for choicest salted sent by a Press Association message from London is 121s per 'cwt., an advance of Is over the past week. The market is slightly more active. Australian butter also has risen by I 3 to 117s per cwt., while Danish continues to move up rapidly, and current quotations range from 135s to 136s per cwt., a gain of 6s on the week. In uusalted butters, New Zealand is selling at 122s per cwt., and Australian at 118s. The cheese market is firm as the result of a shortage of supplies. Further advances have occurred, and New Zealand is Is higher at 72s 6d per cwt. for both whito and coloured. Australian white is bringing 68s 6d per cwt., and coloured 70s 6d. Recent quotations and those of a year ago compare as follows: — Aug. 20 Auk. 10 July 22 Auk- 27 Butter— 103S 11)38 1038 11)37 Now Zealund 121/- 120/- 122/- 110/Austrnliiui . 117/- 110/- 121/- 3 1(t/Danish .. 135/0 120/0 125/- 130/Cheese —N.Z.: . Whito .. 72/0 71/0 00/- (JB/0 Coloured .. 72/0 71/0 70/- 08/Ciinadian: White .. 70/- 70/- 70/- co/o Coloured . . 70/- 70/- 70/- 00/0 The basic guaranteed price for huttor, including the recent additional payment, is equal to 13.66 d per lb. i'.o.b., and the current London quotation is equal to 14.43 d, New Zealand ports. The equivalent price lor cheese is about 8.25 d per lb., compared with the present guaranteed price of 7.75 d.

K.D.V. BOXES, LIMITED SLIGHT FALL IN PROFIT DIVIDEND OF 2\ PER CENT A slight decline in net profit from £591)9 in the previous year to £5200 in the year ended June 30 is shown in the accounts of K.D.V. Boxes, Limited. A dividend of per cent is recommended, which is the first distribution since 8 per cent was paid in 1935. The directors' report states that the company's affairs are in a very stable condition. Early in the season some trouble was experienced with timber supplies, but this has been overcome, and for the first time in its history, the company has commenced a new season with adequate stocks of dry white pine. The mill at Wauganui, South Westland. was sold, together with cutting rights, at a satisfactory figure, and all the white pine there is being drawn on. The holding at Kohukohu has been cleaned up, and the Otangaroa mill closed and the-assets liquidated. This ends the operations of the company as sawmillers.

Sales of butter boxes were increased by £8704, which was largely due to the higher price of the box. Overhead and general expenses were reduced. Overdraft is £2550 higher, but timber stocks have increased by £18,667 and the former is covered by stocks of timber and wire alone. Orders for the new season are satisfactory and the outlook is good. Tho retiring directors, Messrs. J. B. Macfarlane and G. L. Laird, are available for re-election.

The debit balance in the appropriation account has been reduced by £1093 to £2109. Creditors are £4277 lower at £2287. Timber rights have fallen from £18,391 to £8435, while debtors are £444 higher at £5143. Total assets at £106,730 show an increase of £337.

THE CITY MARKETS CHOICE APPLES SOUGHT HEAVY SUPPLY OF LEMONS Little change was apparent in the demand for choice dessert and cooking apples at the City Markets yesterday, the sale for these lilies being fair, with a dull inquiry for poor quality. Choice Winter Colo pears sold well, the demand for cookers being only fair. Oranges and tree tomatoes also sold well, but heavy supplies of New Zealand lemons and grapefruit attracted little demand. Prices were:— FRUIT Apples, Delicious, <ls (id to 7s a case; Ballarat, <ls to Os; Dougherty, 5s to 8s; Grnnny Smith, 5s Od to 7s Od; Home Beauty, (ts to 8s Od; Statesman, Os to 7s; Stunner, -Is to 7s; Winesap, Os to 9s; pears, Peter Barry. Os to (is Od; Winter Coles, 7s to 10s; Winter Nelis, (is to 8s Od; tomatoes, hothouse, Od to Is 3d a lb; Island, 20s to 22s a case; tree tomatoes, new black, 8s to 10s; yellow, 5s Od to 7s Od; oranges, Australian, 15s to 21s: Cook Islands, 10s Od to 15s; Kerikeri, 7s to lis 3d; grapefruit, New Zealand, extra choice, 4s to 4s Od; others, 3s to 3s (id; Califomian, 32s Od; lemons, choice cured, 4s to Gs; others, 3s to -Is; mandarins, Australian, 22s Od; bananas, ripe, lis to 25s- pineapples, Queensland, 13s to 15s. FIELD PRODUCE Asparagus, Is Od to 2s od a bundle; beet, Od to Is Od a dozen; celery, cooking, Od to Is 3d a bundle; dessert, Is Od to 3s Od; carrots, Is od to 4s a bag, or Od to 1s a dozen; cauliflowers, 4s to 8s Od a sack; on benches, 2s to (is Gd a dozen; cabbages. 3s to 12s (id a suck; on benches. 3s to (is a dozen; cucumbers, 4s to 7s; green peas, Is io Is 8d a lb; kumaras. Island, Ids (id to lis a cwt; Tauranga, 3s to 4s a bag; leeks. 2d to Id a bundle; lettuce, 3s to 10s a case; melons. 3d to 8(1 each; onions, Australian, Ms to lOs a bag; potatoes, southern, 5s Oil to (is (id a cwt; Ohakune, 2s to -Is Od a bag; new. l'id to 3 3 id a lb; pumpkins. choice. Triumblc, 5s to 10s a sack; medium, 3s to <ls (id; parsnips, (is to los a bag or Is to Is Od a dozen; radish. Oil; rhubarb, 3s to ss; spinach, Is (id to 3s; spring onions, Od to Is a bundle; swedes, 2s od to 4s. a bag; turnips, (id a dozen; Brussels sprouts, oil to 8d a lb.

POULTRY Cockerels, heavy breeds, prime, 5s to (is each; not prime, 2s Oil up; light breeds, prime, 2s (Id to 3s; not prime, Is (id up; fat roosters, heavy breeds, prime, 2s Oil to Ms Oil; light, 'Js to Ms; fat liens, heavy breeds, Ms to 4s; light, is Od to 'is 0(1; pullets, heavy breeds, best, 4s Od to (Is-, smaller, 2s up; light, best, 4s to 7s; smaller. 2s to Ms; drakes, young, prime, Ms to 4s; smaller, 2s to Ms; old, 2s io 2s Od; ducks, young, Ms to 4s; old, 'Js to 2s Od; Reese, Ms to ssi t.urkev liens, .">s Od to 7s Oil; gobblers. 7s to 10s. EGGS AND BUTT Kit Ebbs. —Hen, first prMde, 1s I%d a dozen; B, Is M/id; C, liVjd; du£j<, first grade, IS 4%c1; B. is M'jd; C, Is 1 %d. Farmers' butter, Is Olid to IS Md a lb.

BRADFORD MARKET TONE FIRM, BUSINESS SMALL LONDON, August IS The Bradford market, is firm, though business is small. Following are today's quotations and those of recent weeks: — July 28 Aug. 4 Aug. 11 Aug. 25 per lb per lb. per lb. per lb. d (I d d Seventies 28 28 28 28 Sixty-fours .. 2(1% 20 % 20% 20% Sixties . . 24% 25% 25% 25% Fifty-eights .. 22 22 22 22 Fifty-sixes .. 20 20 20 20 Fifties .. 17 17 17 17 Forty-sixes .. *lO% *lO% *lO% *lO% Forties .. *lO% *lO% *lO% *lO% •Nominal. WHEAT IN CHICAGO CHICAGO, August 25 Wheat. September, 62 J cents a bushel; December, C4J cents; May, 67& ceats.