FINANCE AND COMMERCE

Taranaki Daily News, 6 May 1930, Page 16

FINANCE AND COMMERCE

DAIRY PRODUCE QUIET.

BUTTER AT 130 s, 1345. The London market for butter and cheese is quiet, according to cable messages received during the week-end. The Dairy Board is advised that retail prices are unchanged. The report, dated May 2, is;— Butter.

New Zealand. —-Salted, 130 s to 134 s per cwt; exceptionally choice, 136 s (128 s 134 s to 1365; May 3, 1929, 164 s to 1665). Unsaltcd, 140 s to 148 s per cwt (136 s to 1445; May 3, 1029, 166 s to 1635). First whey, 122 s (1225); second whey, 120 s (120 s Australian.—Salted, 130 s to 134 s per cwt (126 s to 1325); unsalted, 132 s to 134 s (128 s to 130 s). ’ _ Argentine. —Unsalted, 124 s to lavs (UBs° to 1245). Irish Creamery. —Salted. 130 s to 13t«s (12Ss to 1325); unsalted, 134 s to 136 s (130 s to 1345). Danish— 129 s f.offi., 136 s to 138 s spot (130 s 138 s to 140 s). Dutch—Unsalted, 132 s to 136 s per cwt (138 s to 140 s). Siberian. —-128 s to 130 s (1225). Cheese.

New Zealand;—White, 82s to 84s per cwt (78s to 81s; May 3, 1929, 87s to SSs). Coloured, 87s to 88s. per cwt (80s to S4s; May- 3, 1929, 89s -to 90s). Australian.—White, 81s to 82s (70s to 73s)'. Coloured. 85s to 86s (70s to 71s). ■ . Canadian; —White, 07s to 100 s (104 s to 106 s); coloured. 97s to 98s per cwt (104 s to 107 s). ' > Stocks and Deliveries.

The estimated stocks of all butters, held in London private and/or provincial stores as at May 1, were 22,000 tons, compared with 15,000 tons on May 1, 1929. • Deliveries of New Zealand butter forthe week were 1350 tons, as against 1300 tons a year ago. The total New Zealand butter in store was 9950 tons, compared with 8300 tons a year ago. Deliveries of New Zealand cheese for the week were 23,528 crates, compared with 20,500 crates a year ago. The total in store this week was 125,509 crates, compared with 141,033 crates a year ago. . , The position of recently-arrived shipments from New Zealand was as folj ows; —Tamaroa finished discharge butter April 26; Rotorua commenced discharge butter April 26, finished discharge cheese May 1; Cumberland commenced discharge butter April 26, finished discharge cheese May 1; Herminius finished discharge butter April 25. Deliveries of Canadian cheese for the week were 2379 boxes, compared with 3382 boxes a year ago. The quantity of Canadian cheese in store was 100.609 boxes, compared with 45,787 boxes a year ago; The estimated stocks of cheese at London, Liverpool and Bristol as at May 1, with those for the corresponding date of last year in parentheses, were: New Zealand and Australian, 138,650 crates (171.600), Canadian, 107,050 boxes (58,700)'

■Shipments From Dominion. Three shipments, totalling 80,830 boxes of butter and 25,282 crates of cheese, left New Zealand during the week ended Friday for overseas ports. With the exception of 29,761 boxes of butter for Halifax,*the . whole of the shipments were for London; The shipments comprised 78,644 boxes of salted, butter, 1447 boxe.s unsaltcd, and 739 boxes whey butter; 18,434 crates’white and 6848 crates coloured cheese. The Zealandic sailed April 25, took 4839 boxes of butter and 8983 crates of cheese. The Port Fairey sailed May 2, took 37,220 boxes of butter and 16,299 crates of cheese. The Port Hobart, sailed May 1, took 37,771 boxes of butter, of which -29,761 were for Halifax; FROZEN MEAT TRADE. VALUES LOWER ALL ROUND. is still depressed by over-supplies. Consumptioi? satisfactory. Mutton—Market both wethers and ewes depressed owing to excessive supplies, Demand is only poor even at the low prices. Beef market —Trade slow owing to heavy arrivals Argentine chilled beef. New Zealand Porker Pigs—Demand falling off. New-- Zealand Baconer Pigs Market is dull and weaker. The above report was received on Saturday by the New Zealand Meat Producers’ Board from its London office, which, advises that the following are the approximate average prices realised for the week ended May 2, based, on actual transactions ot wholesale quantities of the descriptions of meat mentioned, and are for representative parcels, of the goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores. Prices for the two previous weeks are also shown: — New Zealand Sheep.—Canterbury and North” Island selected crossbred wethers and maiden ewes, 48 to 561'b, 5d (51-d and 5Jd); do., 65 to 721 b, 4 1-8 (4Ad and 4-pl); North Island crossbred weth-.. ers and maiden ewes, 48 to 561 b, 5d (s|d and aid) ; 00., 57 to 641 b, 4|d (4 7-8 d and 5 l-8d); do., 65 to 721 b, 4d (43d and 4 5-Sd); ewes, 48 to 641 b, 3jd (33d and 4d); do., 6a to 721 b, 2<d and SMINew Zealand Lambs—Canterbury, 36 lb an under, 8 l-8d (BJd and 8 3-Sd); .do., 37 to 42i'b, 7M (7sd and 73d); do., 43 to 501'b, 6 7-8 d (7d and 7 l-8d); do., second quality, average 331ib, .7 3-8 d (7 5-8 d and 73d); other South Island brands, 361 b and under, 8d (B<l and 8M) J do., 37 to 421 b, 7 l-8d (7 3-Sd and 7 5-Sd); do., 43 to 5Mb, 63d (63d and 7d); selected North Island brands, including Downs, 361 b and under, ■ 83d (83d and 8id); do., 37 to 421 b, 7 3-8 d (73d and 73d); do., 43 to 5Mb, 6jd (63d and 7d); do., second quality, average, 311 b, 7 7-8 d (8d and 8|d); other North Island brands, first quality, 361 b and under, 8d (8d and BJd) ; do., 37 to 421 b, 7 l-8d (7id and 7 5-Bd|; do., second quality, average, 31lb, 73d (73d and 8 l-Bdj.

Australian Lambs. —Victorian, first quality, 361 b and under, 7 l-8d (7M and 7* 3-8 d); do., 37 to 421 b, 63d (7d and 71-Sd).

Argentine Lamb.—First quality, 361 b and under, 7 l-8d (7Jd and 7|d); do., 37 to 421 b, 6jd (6|d and 6fd).

New Zealand Beef. —Ox fores, 3fd (3jd and Ad); hinds, 5 5-8 d (5 5-8 d And s|d); cow fores, 3d (3{d and 3£d); hinds, 4|d (4|d and 4|d)« Argentine Chilled Beef. —Ox fores, 3{d (3|d and 3 7-8 d); hinds, 6jd (6 5-8 d and 7 l-8d). Australian Frozen Beef. —Ox crops, over 100 Tb, not quoted; hinds, over 1601 b, 5 5-Sd (5 5-8 d and 53d). New Zealand Porker Pigs. —fiO/lOOlb, 9Jd (10 l-8d and 10-Jd); do., 101/1201b, 8d (83d and 9d). New Zealand Baconer Pigs. —121 to 1801 b, 7 J 2 d (81d and BJd). New Zealand Frozen Veal.—Not quoted. SUGAR PRIOE REDUCED...... Prices of all grades of raw and refined sugars, including tablets and icing sugar, will be reduced to-morrow 10s per ton. " SHAREMARKET TRANSACTIONS. Wellington, May 5. —Reported sales: Bank of New Zealand, 5.8 s; Huddart, Parker and Co. (ord.), 38s fid. Dunedin, May s.—Sales on Exchange: Mt. Lyell, 26s lOd; Kildare, Is; Okarito, Is 4d. Auckland, May s.—Stock Exchange Sales: Bank of Adelaide, £6 .114; Commercial Bank of Australia, 20s lOjd, 20s lOd; d 0.,, 5s paid, 6s; New Zealand Insurance, 445; Dalgety and Co., £ll 2s; Auckland Gas, 235. 9d; Farmers’ Trading Company, B pref., 12s 3d; New Zealand Farmers’ Fertiliser, 18s Sd; Wilson’s Cement, 39s 3d; .Wailii, 14s 2d (2); Mt. Lyell, 27s Id, 275. Christchurch, May 5. —Stock Exchange sales: Union Bank of Australia, £ll 10s; (2) do., £ll 7s 6d; .Dalgety and Co., cum. div., £ll 3s, £ll 3s 6d; New Zealand Breweries, 51s Id (2); Staples’ Brewery, 48s; Mt. Lyell, 26s sd. Reported sales: Bank of Australasia, £l2 ss; Commercial Bank of Australia,. £2O 10s; Tooth’s Brewery, 325; Beath and Co., 27s (odd lot); British Tobacco, 37s 9d. HEREFORD STUD SALE. NORMANBY HERD AUCTIONED. The Tawakara herd owned by Mr. John Forbes, Waihi farm, Norman'by. Was offered at public auction at Hawera yesterday, when 122 lots were put up for sale. The appointments for the sale were excellent, the yards having been lent for the occasion by the Farmers’ Co-op. Organisation Society, an action much appreciated by the auctioneers. The sate started on the aged stud cows, prices being low. but the vendor met the market and the sate improved, when the younger animals came into the ring and resulted in a satisfactory clearance considering the general tone of the market at the present time. Buyers and prominent breeders were present from the principal North Island districts and a large number of the cattle found new homes in the Auckland, Waikato, Hawke's Bay, Wairarapa, Wanganui and New Plymouth districts. Aged cows made up to 16 guineas, younger cows and heifers up to 21 guineas, and rising two-year-old stud bulls from 21 to 5'5 guineas. One feature of the sale was. the good natural condition of , the whole of the cattle, which reflected great credit on their owner. Tho sale was conducted by the New Zealand Loan and Mercantile Agency Company and Mr. J. B. Thomson, . the company’s stud stock auctioneer, wielded the hammer,