FINANCE AND COMMERCE

Taranaki Daily News, 4 February 1930, Page 16

FINANCE AND COMMERCE

DAIRY PRODUCE MARKET. iBUTTER AND CHEESE STEADY. The butter market ia quiet, and the rheese market-steady’with retail prices unchanged. '■ This report was received . on Saturday morning by the New Zealand Dairy Producers’ Board from its London office; which gives current quotations'as at January 31,■ with those for the previous week in parentheses, as follow: — ■;/ •' ■ BUTTER. ■■•■■■■ ■ New Zealand. —Salted, 151 s to 154 s per. cwt (154 s .to 1565; . February 1, 1D29, 181 s to 184 s per -cwt); unsalted, 168 - to 172 s per cwt (168 s to 1725; February 1, 1929, 186 s to 190 s);? first whey, "146 s (148 s second whey, : 144 s (1465). ■ ' - ■ ■ • < Australian.- —Salted, 150 s to 152 s per cwt (151 s to 1545); unsalted, 152 s to. 156 s per cwt (154 s to 158 s). .. '“’''Argentine.-—Unsalted,’ 14?8s to 150 s (150 s to 1525). . Danish. —165 s per cwt'f.o.b, 172 s 4d L - Bpot (166 s to 172 s 3d). ■- Dutch.- —Unsalted, 182 s to 184 s per cwt (174 s to' 1765). . •_ Siberian.—lsos to 152 s per cwt (148 s to 1525). ’ ’-'polish.—l4os to 146 s per cwt (142 s to 148 s). '- < " ’ The butter market in London is quiet but slightly better after some weakness. Cheese is steady. The Farmers’ Co-op. Society was advised yesterday of the following quotations:—New Zealand, salted, ,151 s. to 1545., unsalted, 1745. to 1765.; Australian, salted, 140 s. to 1515., uns.alted, 1525. to 1545!; Argentine, 1445, to 150 s. New Zealand white cheese QOs., coloured 88s. CHEESE. . New Zealand. —White, 90s to.-91s percwt (90s to 91s; February 1, 1929, 925); coloured, 88s to 'B9s (88s to 89s; February 1, 1929, 94s to 955), Australian.—White, 89s (80s); coloured, 86s to 87s' (87s to 88s). Canadian.—White, 96s to * 100 s per ■ cwt (97s to IOOs) 1 ; coloured, 96s ;to • 98s, (975 : to‘9Bs).- : - English. —'Finest farmers, 110 s to 120 s . (110 s ti> 116 s). ; - Deliveries'of New,Zealand butter dur-' ing the week* were 1319' tons;..the- total’, in store being 6240 tons/compared with.3600 tons a year ago. Deliveries of New Zealand cheese last week were- 28,237 crates, the total in store being 75,258 crates, compared with 63,500 crates a year ago. The lonic completed discharging her cheese on January 23, and her ' butter on January 28. The Piako finished discharging her cheese on January 25, The Taranaki started discharging :■ her cheese on January 28' and. her butter next day. ' , Deliveries of Canadian cheese during the week ended Friday were 6305 boxes, the total quantity in store then being 149,943 boxes compared with 81,083 a year ago. MEAT MARKET VALUES. LAMB AND MUTTON FIRM. Lamb market—Very firm -owing to < small arrivals. Mutton: Small stocks of both wethers and ewes keeping market very firm... Beef: Good demand; market-steady. New Zealand porker - pigs:. . Market ;keeps firm, with good trade. New Zealand baconer pigs: Nominal prices. The above report, dated January 30, was received on Saturday morning by the New Zealand Meat . Producers’ - Board. from its London office, which quotes approximate average prices real- ' ised for the week, as supplied yesterday by Press Association cable mes- , sage, but with the following additions: New Zealand lambs.—Selected North Island brands, including Downs, 361 b and under, 11 l-8d per lb; other weights, not offering; other North Island brands, •' first quality, 361 b and under, 10|d. t, Australian - Frozen Beef. —Ox crops over 1001 b, 5 l-8d; ox hinds, over 1601 b, /' C ’ id '' > DAIRY PRODUCE MARKET. SIGNS. OF BETTER DEMAND. By Telegraph—Press Association. ' Auckland, Last Night. The London office "of Amalgamated '■ Dairies reports that butter prices are 1 unchanged at 1565. The market shows a rather firmer tone on signs of an im- .. proving demand . Danish is quoted at 174 s for spot and 168 s f.o.b. The Dan- ' ish retail price is advancing to-day to is 9d. New Zealand is unchanged at Is 7d., White cheese is quoted at 90s and coloured at 88s. The market is quieter,, but firm. SHAREMARKET TRANSACTIONS. Christchurch, February 3.—Sales on Exchange; Australian Bank of Commerce, 23s 6d;. British Tobacco Co., 40s 3d. Reported sale; Dalgety and Co, .(late sale February 1), £ll 15s. Wellington, February 3.—Stock Exchange sales reported: Australian Bank of Commerce, £1 3s 6d; Goldsbrough Mort and Co., £1 10s; Staples and Co., £2 10s. Auckland, February 3.—War Bonds, 1938, 4 1 per cent., £99 10s; Commercial Bank of Australia, 22s 4d; Bank of New Zealand, 54a 9d; Union Bank, • '£lo 18s 6d; Auckland Gas, ex div., 23s 9d; Moanataiari, fully paid, Is 9d (three parcels); Waihi Grand Junction, Is 3d. VALUES AT FEILDING. Feilding, Saturday. There were good yardings of store sheep and store cattle at the stock sale -yesterday. Both met with a good demand. Store lambs advanced by 2s. a head on last week. Good heavy bullocks were much in demand. Fat sheep and lambs brought to 235. Id.; two-tooth prime black-faced, 255.; good weights, 235. 4s. to 245. 6d.; medium, to 235.; ■■ ewes, 195.; heavy wethers, shorn, 235. 4d. to 245. 4d.; store sheep, two-tooth .'ewes,-245. lid.; two-tooth wethers, good, 225. to 225. 3d.; medium, 19s. 7d. to 20s. 6d.; fat and forward, 235. 7d.; wether lambs, best offering, 16s. 2d. to 16s. 10d.; other lines, 10s. to 125.; black-faced woolly lambs, good, 16s. to 16s. 5d.; others, Hs. to 125.; black-faced rape lambs, best, 15s. 6d. to IGs. 6d.; good, 14s. 9d. to 15s. 2d.; others, 15s. Store cattle: Jersey weaner heifers, £2 2s. 6d. to £3; steers, £3 Is.; 18-months heifers, running with bull, £5 to £6 10s.; Jersey cows, £3 ss. to £5 145,.; good Hereford bullocks, to £l2 10s.; Polled Angus bullocks, £l3 10s. Fat cattle: Shorthorn heifers, heavy, £lO 7s. 6d. to £ll 55.; lighter, 6 55.; Shorthorn cows, heavy. £ll 10s.; medium, £8; Jersey cows, heavy, £8 7s. 6d. to £9 7s. 6d.; lighter, £6 10s. to £7 17s. 6d.; poor, £5 12s. 6. to £7; Hereford cows, £7 2s. 6d. to £9 10s.