BUTTER QUIETER

New Zealand Herald, Volume LXXVI, Issue 23400, 17 July 1939, Page 7

BUTTER QUIETER

VALUES MAINTAINED GOOD CONSUMPTION STORED STOCKS INCREASE (Hecei.eil July 10, r>.s p.m.) LONDON, July 10 The butter market is quieter. Dealers are endeavouring to maintain the present- values. Nearly all buyers have accumulated some stocks. Imports, with the exception of Now Zealand, will be heavy during the next few weeks, after which European output is expected to show the usual seasonal decline. Cold storage slocks have increased by 91.000 boxes during tlie last fortnight, and are now about the same as a year f ago. Retailors report that consumption is good, and it should stand the advance in the price to between lid and 15d per pound. The present price of New Zealand butter is 126s per cwt. This is equal to approximately 15.13 d per lb., f.0.b., New Zealand ports, compared with the guaranteed price of 1-1.89 d per lb., f.o.b. Stocks of all butters held in Loudon a week ago were estimated to be 1,102,640 boxes, compared with 1.109.826 boxes at the same time last year. Stored stocks of New Zealand butter total 556-1 tons, compared with 6375 tons a year ago.

DEALINGS IN SYDNEY SAT UUD AY' S BUS 1 NESS SYDNEY. July 15 Sales 011 tho Sydney Slock Exchange to-day included: £ s (1 Bank of New South Wales 28 3 0 0 Gold.shrougli-Mort .. . . 1 G l'/ a A.CM. 1 l-l lVa James Stedman .. .. 0 13 JO Knmlos Cement .. .. 1 10 (i Commonwealth Bonds.—3 per cent, lots, £!>-2 17s (id; :!'i per cent, mil, .COS '2s (id; \V/ C per cent, 10,11, £O9; 4 per cent, 1017, £lOl ,1s; 10.10, £lOl 37s Gd; 1007, £IOO 15s; 19U1, £lOl 10s. GOLD AND SILVER QUOTATIONS IN LONDON (Received July 10, r>..l p.m.) LONDON, July 15 Fine gold was quoted to-day and yesterday at C 7 8s 5Jd an oz., compared with £7 8s Od on Thursday. Silver is quoted at lG*d an oz. spot, and 16j|d forward, same as yesterday. The quotation for silver at per fine ox. yesterday was IS 3-1 Gd, compared with ISAd on Thursday. CHEAPER EGG PRICES DECLINE OF 2D A DOZEN Tho Auckland Egg Marketing Committee announces that wholesale egg prives have been reduced by 2d a dozen in all grades. Current prices are: Hon: First grade, 2s 4Jd n dozen; B' 2s 2Jd; C, l.s Old. Duck: First grade, 2s 2jd; B, 2s Ijd. Country storekeepers' minimum buying prices for first-grade eggs arc:—Hen: Is lOd a dozen. Duck: Is Bjd.