BUTTER STEADY

New Zealand Herald, Volume LXXVI, Issue 23275, 18 February 1939, Page 9

BUTTER STEADY

NEW ZEALAND AT 122/-

QUIET LONDON MARKET CHEESE ALSO UNALTERED Steady prices are railing for butter on the London market. The value of choicest salted New Zealand at 122s per cwt. is the same as that ruling a week . ago. The market is quiet. Although the current price is still 2s 3d per cwt. below the guaranteed price equivalent of 124s 3d, the quotation a year ago was only 113s per cwt. ' \ A Press Association message sent from London on Thursday states that Australian salted butter also is unchanged at 119s, with Danish at 1445. In un-.,\ salted butters, New Zealand is selling at 125s and Australian at 121s per cwt.

The market for cheese is slow. Prices for New Zealand, white and coloured, remain at 66s and 66s -6d per cwt. Recent quotations and those of a year ago compare as follows: -i Fcb.l7, Feb.lO, Jan. 20, Feb.lß, Butter— 1930 1939 1939 1938 ™ 1 /i ; *• 122/ * 125/6 113/Austraha . 119/- 119/- 122/- 113:/. Cheese— New Zealand: White .. 66/3 66/3 69/9 67/Coloured .. 66/3 66/3 69/9 67/0 Australian: White 61/- 62/6 64/8 74/8 Coloured .. 63/9 64/6 65/9 74/8 The present price of 122s is equal to approximately 14.61 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. 124s 3d per cwt. The equivalent price of cheese is about 7.51 d per lb., f.0.b., compared with the,'." guaranteed price of 8.42 d." A. S. Paterson and Company, Limited quote: Butter:—The market is quiet. New Zealand, 121s per cwt; Australian, 119s: Danish, 1465. , Cheese:—The market is quiet. New,*. Zealand, 66s 6d; African, 645. THE CITY MAKKETS APPLES VERY PLENTIFUL A"

PEAS AND BEANS SELL WELL Apples were very plentiful at the City Markets yesterday, only the best, 1 , lines being in demand. Heavy supplies ? 1 of apricots arrived this -week from the South Island and values for these were lower. Blackberries are now coming forward in better supply and yesterday met with a good demand. Nectarines were scarce. In the vegetable section cabbages were in heavy supply and sold at fair,>prices, but cauliflowers were scarce and i dear. Green peas and beans sold high prices being secured for good quality. Values were:— FRUIT Apples, Albany Beauty, extra choice, Hs to 8s .1 case.; others, 3s to ss; Gravenstein, extra choice, os to 7s 6d; others, 2s 6d to .0 •Is 6d; Cox Orange, 5s to 6s; cookers, 2s 6d to 4s; pears, Bon Chretien, local, 5s to 7s; Hawke's Bay, Ss 6d to 9s (id; cookers, 3s to 4s; tomatoes, outdoor, extra choice, 5s to Gs; others, 2s 6d to 4s 6d; oranges, Callfornian, 275; Jamaican, 20s to 213; lemons, choice cured, picked counts, 9s to 13s; others, os to 8s; bananas, ripe, 275; pines, Queensland, 9s to 12s; grapes, hothouse Hamburgh, extra choice, Is to is 2d per lb; others, 6d to lOd; peaches, Paragon and Al, crates, 5s (Jd to 8s 6d; cases, 3s to 4s; others, 2s Sd to 3s 6d; plums, Satsuma, 2s to 3s 6d; Purple King, 5s to 6s; Doris, 4s to 6s 6d; greengage, Os to Gg 6d; nectarines, choice, 8s to 9s 6d; apricots, South Island, 4s 3d to 6s; strawberries, Captain Cook, extra choice. Is 4d a chip; blackberries, loose, 5d to 6d per lb; in chips, 7d to 8d a chip; raspberries, 8s 6d a tin; passion fruit, 66 to" 10b a" case. FIELD PRODUCE Beet, 6d to is a dozen; celery, cooking. Is to is 6d a bundle; dessert, 2s to 2s 9d a bundle; carrots, 3s to 5s 6d a bag, 6d to is a dozen; cauliflower, 12s to 16s a sack; cabbage, 2s 6d to 6s 3 'sack; on benches. Is 6d to 2s 6d a dozen; cucumbers, 9d to_» 3s 6d a dozen; French beans, 4s to Qg a bag; stringiess beans, Gs 6d to 12s a bag; green peas, 6s to lis 6d a bag; kumaras, new season's. 3d to 3%d per lb; lettuce, 2s 6d to 6s a case; marrows, Is 6d to 2s 6d a dozen; melons, citrons, 6d to 3d each; onions, choice, 7s to 7s fid a bag; medium, 4s to 5s 6d; potatoes, local, 5s to 6s a bag; Ohakune, 5s 6d to 7s; pumpkins, Red Warren, 5s to 9s a sack; parsnips, is to Is 3d a dozen; radish, is to Is 6d; rhubarb, 2s to 3s; spinach. Is to Is 9d; spring onions, 6d to Is 6d a bundle; swedes, 2s to 3s a bag; turnips, 6d to Is a dozen. - . POULTRY Cockerels, heavy breeds, prime, 4s to 5s each; not prime, Is 6d up; light breeds, prime, Is 6d to 3s; not prime, Is 3d np; fat roosters, heavy breeds, prime, 2a to 3s; light breeds, Is 6d to 2s 6d; fat hens, heavv breeds, 2s 9d to 3s 6d; light breeds, Is 6d to 2s 6d; laying hens, heavy breeds, 2s 6d to 3s 6d; light breeds, 2s 3d to 3s 3d; pul--lets, heavy breeds, best, 5s to Gs 9d; smaller, Is up; light breeds, best, 4s to 6s; smaller. Is 6d up; drakes, young, prime, 2s to 3s;smaller, Is 6d to 2s 6d; old, 2s 6d to 3s 6drr ducks, young, 4s 6d to 6s 6d; old, 2s to 2s 6d; i geese, 3s 6d to 5s 6d; turkey hens." 5s to 7s; gobblers, 10s to 15s.

FARMERS' BUTTER AND EGGS ~ Eggs, hen, A grade, 2s iy a d a dozen: B grade, Is 10 l / 2 d; C grade, Is iy 3 d; duck. A grade, 2s C%J; B grade, Is llVad; C grade, l is 4 1 / ad; farmers' butter, lid to Is 3d '• per lb.

AFFORESTATION, LTD.

REALISATION QUESTION DETAILS OF ACCOUNTS Although various discussions have taken place, no final plans have yet been evolved for the realisation of the plantations of Afforestation, Limited, according to the 15th annual report for the year ended July 31, 1938. The general condition of the trees was good, and their growth satisfactory, the report states. Further con - sideration was given to the question of thinnings, and the possibilities of disposing of materials obtained from thinnings for such purposes as pit props or box manufacture. Both these directions. .. indicate promise, and it seems probable - that developments along these lines 7 will take place before long in the oi<i§r - ;: parts of the plantation. « . The accounts show that £332 was - received in interests and while expenses amounted to £1759, leaving £1427 to be transferred to the., development account. This account 1 ": now stands at £39,716, representing the amount spent in developing the company's assets. The main balance sheet figures are as follows, with last year's figures in—parentheses:—Liabilities: Paid capital, £43,363 (£43,181); -creditors, £380;(nil); investment fluctuation reserve; -*• £470 (£475); general • reserve, £8942 (£8705); forfeited shares reserve*"' £2321 (£2321). Assets: Land, £7771 (£7771); development account £39,716, (£38,289); cash, £029 (£1030); main* tenance reserve in# Government stock and on deposit, £5037 (£4959)] investments, £545 (£1951); debtors, nibv? (£109). & MINING NEWS YIELDS OF COMPANIES '; » Barrytown (West Coast). 201o».. from 109,000 yards in 218 hours. c..< * Mossy Creek (West Coast).—3 Boa. 14dwt. from 14,700 yards in 178 hours.