BUTTER STEADY

New Zealand Herald, Volume LXXVI, Issue 23272, 15 February 1939, Page 9

BUTTER STEADY

HIGHER LONDON STOCKS DELIVERIES AGAIN FALL PRICE EASIER OVER WEEK A steady market ruled for New Zealand butter in London at the ijloso jf last week. Salted was quoted at 122s per cwf., compared with 122s to 123s a week previously. The price a ye.ir ago was Ills to Fl2s per cwt. I'he market for hot'h Australian and Danish butters was firmer. Stored stocks of New Zealand butter were reduced substantially during; lastweek, the total falling by 1700 tons to • 12U5 tons. In spite of this, stocks are still heavier than a year a«o, when ,'lll6 tons were held. contributing factor has been the smaller deliveries, wliicli totalled 1579 tons last week, as against 2.T>5 tons a year ago. By arrangement with the Primary Products Department, the following information is supplied by the New Zealand Dairy Board for tin# week ended .February 10, figures for the previous week being given in parentheses:—

Butter—New Zealand: Salted, 122s (122s to 1235); unsalted, 124s to 125s (125s to 1265). DeliveriesnNew Zealand, 1579 tons (last year 2.'J50 tons); in store, 3587 tons (last year 3116 tons). Tho market is steady. New Zealand retail price unchanged at Is •'}(! per lb. Australian: Salted, 119s (119s to 120s); unsalted, 120s, ex., 121s (121s). Deliveries: Australian, .'5295 tons (last year 2116 tons); in store, 6379 tons (last year 1800 tons). Market firmer at end of the week. Argentine: Unsalted, 112s to 116s (112s to 116s). Danish: 130s f.0.b., 151s to 152s spot (1235, 144s to 1455). Dutch: Unsalted, 127s (1235). The market is steady. Lithuanian: Unsalted, 125s (1255). The market is firm. South Africa: 116s to 117s ( —). The market was firmer at the end of the week. Danish retail price unchanged at Is 5d per lb.

Cheese. —New Zealand: White and coloured, 66s to 66s 6d, exceptional, 67s (675). Deliveries: New Zealand, 12,821 crates (last year 21,693 crates); in store, 35.775 crates (last year 46.6U9 crates). The market is steadier. Now Zealand retail price unchanged at 9d per lb. Australian: White, 60s to 62s (61s to 635); coloured, 63s to 65s (62s to 655). The market is quiet. Canadian: White and coloured, 72s to 74s (72s to 745); old season's, white, 80s ( —); coloured, 80s to 82s ( —). Deliveries : Canadian, 4184 boxes (last year 2264 boxes); in store, 120,334 boxes (last year -102,232 boxes). The market is steadier. English: Finest farmers', 86s to 96s (86s to' 965). The market is steadier. SHEEP FOR WAIKATO SHIPMENTS FROM NORTH 4000 STORES TO BE RAILED fur TELKGItAPH —OWN corkkspoxdkntl WHANGAREI, Tuesday The hcavv movement of stock on northern railways is continuing. Thirty double-decked stock waggons containing about 2000 fat sheep went through Whangarei in two trains to-day. The sheep had all been loaded at the Okaihau railway station and were consigned to the Westfield freezing works. This is the largest single consignment of livestock that has been transported in the North bv the Railway Department this season. There will be further heavy shipments next week, when .35 trucks of store sheep will be loaded at Kaikohe for consignment to T'uakau. It is probable that this shipment will go by special train. A consignment of 25 trucks of store sheep for the Waikato will leave the Ruatangata Springs station next week. This will /mean that about 4000 store sheep will be leaving the North for tho Waikato next week. This is said to bo the largest consignment to have gone over tho railways from North Auckland in any similar period. STOCK PROM GISBORNE ARRIVAL AT TAURANGA [by TELEGRAPH —OWN CORRESPONDENT J TAURANGA. Tuesday Consignments of sheep from Gisborne district continue to arrive by the vessel Pakurn for railing to Waikato districts. In the last two trips 5200 sheep were brought by the Pakura, which has now proceeded to Tokomaru Bay to carry a cargo of sheep to Orakei, Auckland. WELLINGTON EGG PRICES HIGH LEVELS RULING " An increase of 2d a dozen on the wholesale price of eggs irf the Wellington market was announced on Monday. The ruling rates are about Od a dozen above those for the same period last year, and 2d to 4d higher than those in February, 1937. Current prices are: —Supers, 2s 4d; A grade, 2s 2d; B grade, 2s.

The Internal Marketing Department expects the market to remain steady at the new rates, although prices will depend on the demand, which has heen abnormal because of the lateness of the flush of the tomato season.

The high prices for poultry at Christmas is also considered to he a contributing factor to the present state of the egg market, in which an exceptionally strong demand has been combined with a reduced supply. The wholesale price of A grade hen eggs in Auckland is 2s o]d a dozen.

MINING NEWS YIELDS OF COMPANIES Central Sliotover (Otago).—lOoz sdwt. Clutha. Iliver (Otago).—69oz. in 130 hours. Okarito (West Coast). —lOoz. Cdwt. in 110;{ hours. \ Molyneux Dredge (Otago).—Two weeks' ended February 11, a total of <l(soz. tor 183 hours. REPORTS OF MANAGERS Una Hifl Consolidated (Thames). — During the week ended February .10, the inclined drive was advanced 1-' ft toward the junction of reefs, making a total distance of loft- from the chamber in No. <t adit level. Winding gear is being installed and driving will be resumed immediately. The work is proceeding according to plan. CREDIT COMPANY'S RESULTS The directors of Credit and Investment Corporation, Limited, are paying interim dividends for the half-year ended December 31, 1938,- at the rate of (j.J per cent per annum on preference shares unchanged, and 8 per cent per annum on ordinary shares, against a rate of (3J per cent per annum a year ago. The dividends arc payable forthwith.