DAIRY PRICES AGAIN UP

Taranaki Daily News, 2 September 1929, Page 15

DAIRY PRICES AGAIN UP

BOTH BUTTER AND CHEESE BUTTER MAY STILL IMPROVE. GOOD PROSPECTS FOR CHEESE. Advances of from Is to 2s in the price of butter and of 2s in the price of cheese on the London market are reported in cables received during the week-end. These increases follow rises of about similar amounts during the previous week. Advice received by Newton King, Ltd., states: — During the past week the market lots advanced Is tor exceptional and 2s for exceptionally choice brands of butter, and the market closes firm. Everything points to values going higher. Salted is quoted at 173 s to 176 s (172 s to 176 s last week); unsalted, 173 s to 176 s (16Ss to 1745); wheys firsts, 164 s (160 s wheys seconds, 160 s (1.565).

There has been an all-round advance ' of 2s per cwt in cheese prices during the week, and we are of the opinion 1 that' prices will remain steady at the . advance. Coloured is quoted at 93s to I 94s (90s to 925), and white at 91s to ' 92s (88s to 90s). Butter is steady at 176 s to I< Ss and' cheese is firm, white being quoted at 92s : and coloured at 945, states the AngloContinental Company’s advice. ■ Messrs. Collett and Co., Ltd., are in i receipt of the following cable advice i from their British principals: Creamery butter, 176 s to 178 s; cheese, 92s to 945; i markets firm. . LONDON DAIRY PRICES. MARKET CONTINUES FIRM. Messrs. Dalgety and Company, Ltd., ■ have received the- following market : ad- ; viee from their head office, London, under date August 29 (last week’s quotations shown in parentheses):— "Butter. —Market firm. Danish, ISOs to 182 s (176 s to 178 s); New Zealand finest salted, 173 s to 177 s (173 s to 1755); Australian finest unsalted, 168 s to 170 s (166 s tc 170 s); Australian finest salted, IGSs to 172 s (166 s to 170 s); Australian G.A.Q., 160 s to 164 s (IGOs to 1645). Cheese-Market firm. New Zealand white, 91s to 92s (88s to 89s); New Zealand coloured, 93s (90; to 91s); spot price for Canadian white, 90s to 91s (87s to 88s); spot price "for Canadian coloured, 91s .to 92s (80s to 90s); c.i.f. price for Canadian, 91s to 92s (88s to S9s).” WELLINGTON SKIN SALE. PRICES FOR HIDES MAINTAINED. Wellington brokers offered last week a good catalogue of hides and sheepskins to the usual number of buyers at the fortnightly sale. Competition for dry sheepskins was very keen at prices inclined to harden on last sale’s level, salted lots selling at about par with late values. Good competition was experienced for hides, the bulk of which were in very good condition, and the market showed a good deal more life, although except for. light-weight ox, which were 1-Sd to -}d dearer, prices could not be quoted higher than the average of last sale. Cow hides met a keen inquiry at about a farthing advance on late rates. Tallow was firm. The range of prices was as follows: — Dry sheepskins.—Half bred, llfd to 131 d; fine crossbred, 101 d and 13d; medium crossbred, 9id to 12|d; coarse crossbred, 81d to 10? d; half wools, 7£d to lid; quarter wools, 7Jd tolOJd; pelts.' S? t d to 9|d. Salted skins. —Quarter wools, 7s 7d; half wools, Gs to 8s 7d; three-quarter wools, 7s Gd to 9s 9d; full wools, 9s to Ils; extra large, Ils Gd; lambs, 4s to Gs. Hides.—Ox, 331 b to 441 b. 7 3-8 d; ox, 451 b to 521 b, C 5-8 d to 7 7-Sd; ox, 531 b to 591 b, 7d to Sd; ox, 601 b to 691 b, 7d to SJd; ox, 701 b and over, 7ld to 8 3-8 d; cow, 331 b to 391 b, 61d to 8d; cow, 401 b to 481 b, 4 5-8 d to 7 7-Bd;_cow, 491 b and over, Gid to 7 3-8 d; kip, 251 b to 321 b, Gd to 8d; kip, 171 b to 241 b, 7Jd to 9Jd; yearling, 111 b to 161 b, 8d to 9fd; calf, 91b to 101 b, SJd to 9>d; calf, 61b to 81b, 6 l-8d to 14d; calf, 11b to 51b, 6 1-Sd to 13ida Tallow—ln casks, 28s; in tins, etc... 23s to 27s 6d. Sundries.—Cow tails' lOd to 18d. LONDON MEAT PRICES. By Telegraph—Press Assn.—Copyright. Received Sept. 1, 5.5 p.m. London. August 31. Market prices are—Sheep, Canterbury heavy, sjd per lb; lambs, Canterbury seconds, 7 5-Sd; North Island seconds, 7 7-Sd; Patagonian firsts, light 7£d; medium, 6jd; seconds, /{d; chilled beef, Argentine fores 4 3-Bd. hinds 7£d; others unchanged. Other advices arc: — Messrs. Dalgety and Company have received the following report from London, dated August 29:— "Mutton—Market dull; any change m prices in favour of buyers. ‘/Lamb—Market dull; any change in prices in favour of buyers. "Beef—Market steady. "Pork. —Market steady; Sd COTTON RUBBER, HEMP JUTE. . Received Sept. 1, 5.5 p.m. London, August 31. Friday’s closing prices were:— Cotton.—October, 10.15 d. Rubber.—Para, l«id; plantation smoked, 10{d. Hemp.—None offering. o O p ra< — September-October, South £ ? 2- Rabaul plantation, £22 2s 6d. ” Linseed lss; turpentine, 435. Qsmiridium. —Unchanged. BRITAIN PAYS HIGH FOR LOAN. Received. Sept. 1, 5.5 p.m. 4 rf r US London, August 31. * Australia is not alone in having to nav a hiMi price for treasury bills, for vesterdaw’s .'issue of British three months’ Treasury bills was placed at a shade under 5| per cent., which is the highest rate paid for British Treasury bonds for a long time. ARGENTINE WHEAT CROP. Ottawa, August 30. The Dominion Bureau of Statistics received a cablegram on Friday giving the latest estimate of tho Argentum wheat crop as 282,925,003 bushels from 20 900,000 acres, compared with 239,161, 000 bushels from 19,714,000 acres t e previous year.