BUTTER QUIET

New Zealand Herald, Volume LXXV, Issue 23175, 22 October 1938, Page 9

BUTTER QUIET

NO CHANGE IN PRICE r ; BELOW LAST YEAR'S BATE EASIER CHEESE VALUES Prices for New Zealand butter in London remain steady on a quiet market. Choicest salted is again quoted at 114s per cwt. Australian salted at 109s to 110s shows a decline of about 6d on tho past week. In unsalted butters, New Zealand is = selling at 115s per cwt., and Australian at Ills, according to a Press Associa- f tion messago sent from London on \ Thursday. The London market has not responded ~: ; to the usual autumn rise this year. At this time last year, Now Zealand was •*. selling at 136s per cwt. The rise in the market continued until early in November, when the peak price per . cwt. was reached. Tho cheese market is quiet. New Zealand white and coloured are both Is lower than last week at 71b per owt. Australian is quoted at 695. Recent quotations and those of a year ago compare as follows: Oct. 21 Oct. 14 Sept. 23 Oct . 22 Butter— 1038 103S 103% 1937 New Zealand 114/- 114/- 116/0 136/- „ Australian . 100/6 110/- 111/6 136/- * Cheese—N.Z.: White .. 71/- 72/- 72/- 60/9 Coloured . 71/- 72/- 72/. 00/Canadian: White .. 72/0 72/• 71/6 70/6 Coloured . 72/0 72/- 71/6 71/0 The present price of 114s is equal to approximately 13.59 d per lb., f.0.b., > New Zealand ports, compared with the " guaranteed price of 14.89 d per lb., f.o.b. The London equivalent of the . guaranteed price is almost 125s per 1 cwt. The equivalent price of cheese is about 8.09 c! per lb., f.0.b., compared with the guaranteed price of 8.42 d. A. S. Paterson and Company, -•> Limited, reports;— Butter: Tho market is quiet, with no demand. New Zealand, 114s; Australian, 109s; Danish, 1295. The market is firm. Cheese: The market j is dull. New Zealand, 71s; Australian, * 68s. THE CITY MARKJSTS 1 IMPROVED GENERAL TONE I MOST LINES SELL WELL •' A good demand for most lines resulted in bright sales at the City Alar- ' kets yesterday, and the general tone was improved. Choice coloured dessert apples were keenly sought, and hothouse tomatoes and strawberries sold very well. Poorer lines were hard to quit. Oranges and ripe bananas met a keen market, but lemons were in over-i supply and were not wanted. 1 Good levels were reaohed by most . lines in vegetable sales, in spite of full ' supplies coming forward. Prices were ; still high for fair quantities of cauliflower, with cabbage more plentiful. - Ohakune potatoes were in smaller lota, ■ and realised better rates than the southern variety. Prices were:— FIELD PRODUCE Asparagus, 5d to lOd a bundle; beet. ©d I to is Od a dozen; broad bean*. 4d to 5d per lb; celery, cooking. Is to 2s a bundle; carrot*. 3s 6d to 6s Cd a bag. or is to is 9d a dozen; cauliflowers, 8s to 15s a sack; on benches, 4s to 10s a dozen; cabbages, 4s to 12a a sack; on benches, 2s to Os a dozen; bers, hothouse, (is to lis; French beans, hoU ! house, Is 3d to Is lOd per lb; green peas, 4Vid to 7d; kumaras, Island, 10s (3d to 11# per cwt.; Tauranga. 3s to 4s a bag; leeks, 33 to Od a bundle; lettuce, Is to 4* 6d a case; melons, i<d to Od each; onions, Canadian. 17( 6d to 18s 6d a bag; potatoes, southern. 6i to 7s 6d a sack; Ohakune, 4s 6d to 6s a ba«r; new, V/A to ~2 l /,A per lb; pumpkins, choice Triumble, 18s to 24s per cwt.; medium. 8s to 15s; parsnips. 9a to I2s'6d a bag. or la \ (>tl to 2s 6d a dozen; radish, Is to 2s: rh«-~ barb, 2s 6d to ss; spinach, Is to 3a 6ds? spring onions, Is 6d to 2s 6d a bundle; swedes, 5s to 8s a bag; turnips. Is to Is 9d a doien.T FRUIT 0

Apples, Delicious, 7s 6d to lis a case: : Dougherty, 5s to 6s 6d; Granny Smith, lis to 12s; Rome Beauty, 8s to lis 64; Stunner. 4s to 8s 6d; pears, Peter Barry, 7s to 9ss Winter Nelis, 6s to 10s Gd; tomatoes, hot-, house, Is 6d to 2s 4Vid per lbs tree tomatoes, yellow. 9s to 10s; grapefruit, New Zealand, extra choice, 8s to 10s; others, 9# to 7s (sd; lemons, choice cured, 3s 6d to 4s: others, 2s to 2s Gd; bananas, ripe, 16s to 28s a case; pines, Queensland, 10s to 15si grapes, California!!, red/ 25s to 30st whlU, 265; black, 25s to 32s 6d; strawberries. Captain Cook, 2s 3d to 3s 6d a chip; loquate. 3s to fid; mushrooms, 2s to 2s 6d per lb. _

POULTRY Ducks, young. 3s up; old, 2b 6d I to Qa Keese, ss; turkey hens, 7» 6d; gobblers, 10* to 12s; cockerel chicks, heavy breeds, day-old, sexed, %d each; day-old chicks. Black Orpin*--ton, unsexed, Gid; Leghorn, 6d; guinea fowl*,* 3s Gd to 5s j cockerels, heavy breeds, prime. 4s to Cs; not prime. 2s 6d up: light, prime. 2s 6d to ss; not prime. ls roosters, heavy, prime, 2s 6d to 4b 6d; Utfnt. 2s to as; fat hens, heavy, 3s 6d to sa; light, 3s to 4s; laying hens, heavy, 3b 6d to 4st light, 3s 6d to 4s; pulleta, heavy, best, three months, 7s; smaller, 2s up;, light, beat, 38 (id to ss; smaller, Is up; drakes, young, pnme, 4b to ss; smaller. 2s up; old, 2s to ds. BUTTER AND EGGS > Eggs, lien, first grade, Is 4%d a doaen; B, Is 3%d: C. llVid; duck. Brst grade, Is 4V&I >~ B, is 3%d; C, IS l%d. Butter, farmers', Is to la 2d per H>. BRADFORD MARKET TONE QUIET * BUT FIRM LONDON, Oct. SO The Bradford market is qtfiet but firm. Users are well covered. Prices are relatively under the Australian level and accordingly it is difficult to obtain concessions. Following are to-day 8 quotations and those of recent weeks:— Sep. 29 Oct. 6 Oct. 18 Oct. 20 per lb. per lb. per lb. per lb. d d d d Seventies 28% . 27% 27% 26% Sixty-fours .. 27 28 26 26 Sixties .. 26 25 25 25 Fifty-eights . 23 22 22 22 Fifty-sixes .. 21 10% 1% 19% Fifties •• 17Va 17 17 1< Forty-sixes .. *l6s *16% *16% *16% Forties .. *16% *16% lt>/» 16% * Nominal.

MINING NEWS MARTHA OPERATIONS [by tklkguavh —OWN cokrkspo.vdrxt] WAIHI, Friday The following information has been cabled to the London office of the Martha Gold Mining Company (Waihi) Limited: — No. 3 Level.— Driving east on No. 1 lode the next 23£t. assays 17s 6d a ton, based on a stoping width of 4ft. No. 5 level. —East section of Edward lode: Commencing south-west of the Empire drive the first sft. is ore of good grade, but in the next 48ft. the"reef is uplit up, and is of little or no value. No. 7 level.—The rise on the west section of the Edward lode for the next 12ft. assays 43s a ton. The lode is about 3ft. wide. - YIELDS OF COMPANIES Hulolo Gold Dredging (New Guinea). —For September the total gross production was 15,2710/,. of bullion containing 10.5370 a. of fine gold from 1 I.SS 000 cubic vards. Estimated working profit, 73000z. of fine gold. The production is equivalent £o £92.199 and working profit to £63.875 on the basis of £8 15s (Australian) a fine ounce of gold. Throughout the period No. 2 dredge was digging in very low-valued ground through a gorge to a new location, which has now been reached.