BUTTER MORE ACTIVE

New Zealand Herald, Volume LXXVI, Issue 23411, 29 July 1939, Page 9

BUTTER MORE ACTIVE

NEW ZEALAND AT 120/- / '\t v BELOW GUARANTEED -LEVELp CHEESE SLOW AND EASIER • Prices for New Zealand butter re-, main at the lower level of 120s, per' cwt. reached in the middle of the week, but the market is reported to.' > be slightly more active. The latest quotation represents a decline ,of 4s, per cwt. over the past week. -'.*" " . '>?*■ After exceeding the London equiva-i' lent of the guaranteed price' of 124s 3d about a fortnight ago, values have again fallen below the guaranteed '• Prices are now slightly lower than those at the same time last year.. A ; feature of the market is still the large premium enjoyed by New Zealand butter over Australian. ,) A Press Association message sent.. : from London on Thursday states that'i salted Australian butter is quoted at 110s to Ills per cwt.. or about 3s 6d; lower than a week ago. Danish at. 127s is 3s cheaper. In unsalted butters. New Zealand is selling at 121s and Australian at 110s to Ills per cwt. . The market for cheese is slow, and values again have declined. New Zealand white is 3s- lower at 60s per cwt,,! while coloured shows the same fall to 625. Australian white at 575. to 59s per cwt. is 2s cheaper, while .coloured is Is 6d cheaper at 60s to 615., • Recent quotations and those of § year ago compare as follows: — _;j July '2B July 21 June 30 Jnly 2# Butter— 1030 1030 1039 1038. New Zealand 120/- 124/- 119/6 121/Australian . 110/6 111/- 113/6 120 M Danish .. 127/- 130/- 123/- 124/Cheese —N.Z.: White .. 60/- - Coloured .. 62/- 63% 67/-, 68/9 Australian: •.!*? White .. 58/• 60/-; 62/6 66/3 Coloured . . 60/6 62/- 64/- 66/0 The present price of 120s .is equal, to approximately 14.35 d per lb., f.0.b.1, 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 6.83 d per lb., f.0.b., compared with the guaranteed price of 8.42 d. -jA. S. Patorson and Company, Limited, quote:—Butter.—The market i£ steady. New Zealand, 121s per' cwt.; .Australian. Ills; Danish, T27s. Cheese —The market is dull. "White, 60s; coloured, 625. POULTRY INDUSTRY EGG MARKETING PLAN HIGH PRICE OF FEED * ' . [BY TELEGRAPH —PRESS "ASSOCIATION"] WELLINGTON, A step forward in the marketing of eggs throughout the Dominion seemed w imminent, and it was confidently expected that the very, near future held a partial answer at least to the board's long period of effort, said Mr. A. E. Knowles, chairman of the New Zealand Poultry Board, in his report to the annual meeting of the board. There could be no doubt "that pro- 1 ducers were united in the -view that some form of organisation of marketing of eggs was long overdue, and the rising costs of foodstuffs and other materials used by poultry farmers served to emphasise the urgency of the need, said Mr. Knowles. The board expected action to be taken in the very near future, and it was confidently expected that once a commencement had been made organisation of marketing; would expand and so place the . - poultry, industry more in .the position which its importance merited. y The board had always, adhered firmly to the viewpoint that producers should have some say in the marketing of their produce, and it was ■ significant of; the board's repeated representations that during the year,the Minister of Marketing had assured the board that lie was "happy about an advisory committee, representing the producers, having some say in the marketing scheme," and,that _ y he was "not insisting on absolute- Government control." . • The board acknowledged that the continuity of supplies of wheat for feed purposes had been well maintained,-but, unfortunately the price .had remained considerably above outside parities. Efforts made by the board for price adjustment on imported wheat had more, than once been met by the assertion that any profits made in the handling of wheat had been "handed to the Customs Department iii lieu of a sliding scale of duty." ' ' ' . Importation of both feed, barley and maize had taken over by the Internal Marketing Department and prices had again shown an increase over those previously ruling, in- spite of an assertion by the department that only sufficient profit was made . to- qoyer reasonable overhead costs of handling the-feed lines.. . , - - „ BRADFORD MARKET ! prices Very firm 7~~LONDON, July 27; The Bradford market is very firm, : btit business is .quieter because_users requirements are well covered. Follow- . 'ing are to-day's Quotations and those of recent weeks:— Julv 6 July 13 July 20 July 27 per lb. per lb. per.lb. per lb. i d d . <1 d ; Seventies .. 26% 28 28 28 Sixty-fours .. 25% V 26% 26% 26% , Sixties .. 24% 20/j 20/j . -«>/» Fifty-eights .. 22% 23 -3 -3 Fifty-sixes .. 20% i Fifties .. 19 —j , Forty-sixes •. *17% Forties .. *17% •Nominal. —Not quoted. EGGS AND EGG PULP ' . t. CENSUS OF DOMINION STOCKS [BY TELEGRAPH —SPECIAL REPORTER] WELLINGTON, Friday A census of stocks of eggs and eeg pulp in cold storage was taken by the Government Statistician as at June 30, and the following figures have been issued by the Minister in charge of Census and Statistics:—Eggs m the' shell (dozens): North Island. 6180; South Island, 7370; total, 13,050. Egg pulp (lb.): 179,186; 190.031;-369,217. Erra- white (lb.): 346 : 2796; 314 L. Egg yolk (lb.): 0; 80; 80, MINING NEWS MOUNT MORGAN OUTPUT [BY TELEGRAPH —PRESS ASSOCIATION*] WELLINGTON, Friday The Stock Exchange Association lias received the following cabled advice: — Mount Morgan production for the four weeks ended July 26 was: Ore mined, 66,117 tons; ore 'treated, sulphide 37,000 tons, oxide 28,200 tons;- sulphide mill tailings re-treated, through oxide mill, 24,710 tons; estimated production, gold 50360z., copper 204 tons, including nine tons from copper precipitation. During the period,' 194 ■ tons of blister copper were produced from concentrates. - - j YIELDS OF COMPANIES Nemona (West Coast):—36oz. from 10,400 yards in 121 * hours.