BUTTER AND CHEESE

New Zealand Times, Volume XLIX, Issue 11222, 30 May 1922, Page 10

BUTTER AND CHEESE

LATEST LONDON QUOTATIONS. The High Commissioner in London has forwarded the following quotations by cable for butter and cheese, to the Department of Agriculture ; BUTTER. , The market is quiet and prices have declined for all grades owing to large arrivals of Danish. Present quotations are: New Zealand (salted)—May 27th, 160 s to 164 s per cwt (Is sid to Is sid per lb), exceptional 170 s per cwt (Is 6id per lb); May 20th, 170 s to 172 s per cwt (Is 6Jd to Is 6id per lb), exceptional 176 s per cwt (Is 6}d per lb); May 13th, 166 s to 172 s per cwt (Is 5Jd to Is 6Jd per lb), exceptional 174 s per cwt (Is 6jd per lb). New Zealand (unsalted) —May 27th, 166 s to 168 s per cwt (Is s}d to Is 6d per lb); May 20th, 170 s to 172 s per cwt (Is 6id to Is 6)d per lb); May 13th, 166 sto 170 s per cwt (Is s}d to Is 61d per lb). Australian (salted)—May 27th, 156 s to 162 s per cwt (Is 4Jd to Is &4d per lb); May 20th, 162 s to 164 s per cwt (Is 5Jd to Is s£d per lb), exceptional 166 s per cwt (Is 53d per lb); May 13th, 160 s to 164 s per cwt (Is 5Jd to Is 5Jd per lb). Australian (unsalted) —May 27th, 156 s to 160 s per cwt (Is 4Jd to Is sid per lb); May 20th, 162 s to 164 s per cwt (Is 5Jd to Is 5Jd per lb); May 13th, 160 sto 164 s per cwt (Is sfd ts> Is s)d per lb). Argentine—May 27th, 150 s to 160 s per cwt (Is 4d to Is sid per lb); May 20lh, 156 s to 162 s per cwt (Is 4sd to Is o)d per lb). Danish—May 27th, 184 s to 188 s per cwt (Is 73d to Is Bld per lb); May 20th, 186 s to 190 s per cwt (Is 8d to Is Btd por lb): May 33th, 176 s to 180 s peT cwt (Is 6|d to Is 7Jd per lb). CHEESE. Very slow of demand. Canadian— May 27th, coloured, old 84a to 90s per cwt (9d to 9id per lb), new 76s per cwt (Bid per lb), white 72s t<4 86s per cwt (7Jd to 9id per lb); May 20th, coloured, old 80s to 94s per cwt (Bid to lOd per lb), new 76s to 80s per cwt (83d to Bid per lb), white 74s to 94s per cwt (8d to lOd per lb); May 13tb, coloured 88s to 96s per cwt ©id to 103 d per lb), white 82s to 94s per cwt (Bid to lOd per lb). New Zealand —May 27th, coloured 76s to 80s per cwt (Bid to Bid per lb), white 68s to 72s per cwt (73d to 7Jd per lb); May 20th, coloured 80s to 84s per cwt (Bid to 9d per lb), white 72s to 74s per cwt (7Jd to 8d per lb); May 13th, coloured 82s to 66s uer cwt (BJd to 93d'per lb), white 72s to 76s per cwt (7Jd to B}d per lb). Australian—May 27th, white 66s to 68s per cwt (7d to 73d per lb); May 20th, white 66s to 70s per cwt (7d to 7id per lb). BANK OF N.Z. REPORT. The Bank of Npw Zealand, produce department, has received the following advice from its London office under date 26th inst.: Butter—Quiet; 160 s to 164 s per cwt. Cheese—Slow; coloured, 76s to ißos per cwt; white, 68» to 72s per owl. ( Weather is exceptionally warm and trade is slow all round. Beef shows no change. Wethers, light 7d to 8d per lb, heavy 6d to 63d ner lb; ewes, sid to 6id per lb; lambs, 101 d to 113 d per lb, seconds lOd to 10id per lb. WRIGHT. STEPHENSON AND CO. THE ANNUAL MEETING. The sixteenth annual meeting of the members of Wright, Stephenson and Co., Ltd., was held last week at Dunedin, in the presence of a large number of shareholders. The profit and loss account, including .125,705 Is 3d brought forward from last year, showed: a credit balance of .£51,096 12s lid. A dividend of 7 per cent, on the ordinary shares was declared, and the fixed payment to preference shareholders was adopted, leaving a balance of £17,298 5s lOd to be carried forward. Messrs R. S. Abraham, J. T. Martin, and J. T. P. Mitchell, the retiring directors. were reelected, and Messrs Barr, Leary and Co., auditors, were re-appoint-ed.