FINANCE AND COMMERCE

Taranaki Daily News, 10 June 1930, Page 16

FINANCE AND COMMERCE

RISE IN BUTTER PRICES. An advance in the price of |bhe firm’s butter on the London market is indicated by a cable received by Amalgamated Dairies. The price is quoted at 1325. The cable states that the price for other brands, finest, is 130 s to 131 s. These butters available were well cleared and the market had closed till today (Tuesday). Further advance, said the firm’s cable, depended upon the Danes following the lead, tyinte cheese was quoted at 78s and coloured at 83s. The market was firmer. . ' DAIRY PRODUCE MARKET. HEAVY STOCKS IN LONDON. The butter market closed firm after a quiet week, retail prices being unchanged. The cheese market was firmer toward the .close of the week. This report was received by : the New Zealand Dairy Produce Board from its agents, who quote -prices as at . June 6, with those for the previous week in parentheses,’as follow: — BUTTER. New Zealand, salted, 124 s to 128 s per cwt; exceptional, 130 s (124 s to 128 s per cwt; June 7, 1929, 169 s to 1725); unsalted, 138 s to 142 s per cwt; exceptional, 144 s (138 s to 150 s; June 7, 1929, 170 s to 1725); first whey, HGs (116 s second whey, 114 s (114 s Australian, salted, 120 s to 124 s per cwt'(l22s to 1255); unsalted, 124 s to 1265. Argentine, unsalted, 120 s to 124 s per cwt (118 s to 120 s). Irish, creamery, salted, 124 s to 126 s per cwt (1245); unsalted, 128 s to 1305,. Danish, 128 s f.0.b., to 134 s spot (1255; 1325). Dutch, unsalted, 126 s to 130 s per cwt (128 s to 130 s). Esthonian. —122 s fro 124 s per »cwt (124 s to 1265). ■ ./ ' Latvian. —122 s to 125 s (124 s to 1265). ■ (Siberian. —122 s (1225),

Ukranian. —121 s. Polish, 94s -to 118 s per cwt (100 s |to 118 s). The board has also received the following advice'from its agents in Canada: —Butter: New : York,- 33 cents :(ls 4id); Montreal, 274 cents '■ (Is l£d). CHEESE. New ..Zealand, white, 76s to 77s per cwt (75s to 765; June 7, 1929, 92s to 03s); coloured, 82s to 83s per cwt (Sis . to 82s; June 7, 1929, 94s ;to 955). Canadian, white, 104 s (Io4s to 106 s ; per cwt); -coloured, 104 s (104 s to 105 s); ■ new season’s, c.i.f., 79s (80s). - English, Finest farmers, 84s; market quiet. DELIVERIES AND STOCKS. ■_ The Empire Marketing Board’s estimate of stocks of all butters as at May ... . 81, was 1,030,635 boxes. The Dairy Board’s agents in Canada State that stocks of butter in Toronto and. Montreal are 81,832 boxes, as against 23,025 boxes a year ago. Deliveries of New Zealand butter for the week were 1266 tons, as against 1000 tons for the corresponding week of last year. The quantity in store was 11,030. tons, as .against 9100 tons a year ago. Deliveries of New Zealand cheese for the week were 24,474 crates, as against 18,944 crates a year ago. The quantity in store was 125,009 crates, as against 136,418 crates a year ago. The Pakeha finished discharging her butter on May 30, and the Raranga on June 5. The Zealandic finished discharging her butter and cheese on June 5. The Rangi-J tiki started discharging her cheese on ' May 30, and her butter on June 5. deliveries of Canadian cheese for the week were 1850 boxes, as against 3550 boxes a year ago. The stocks totalled 95,391 boxes, as against 44,826 boxes a year ago. The Farmers’ Co-op. has received the following cabled advice: “Markets firm, Ibutter, 128 s to 130 s. Cheese, white, 7.85; coloured, 835.”

FROZEN MEAT TRADE. MARKET SLIGHTLY FIRMER; Lamb.—Market still remains firm, but thfe higher prices are slightly checking demand. Mutton market: Wethers are slightly firmer. Ewes are firm but quiet. Beef market: Trade is slow. Ndw Zealand porker pigs and New Zealand baconer pigs: Little business is doing. This 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 I the week ended June 6, based on actual transactions of 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 Mutton; Canterbury and North Island selected crossbred wethers and maiden ewes, 48 to 561 b, 5 l-8d (5 l-8d and 5 l-8d); 57 to 641 b, 4£d (4 5-Sd and 54d); 65 to 721 b, 4Jd (4 3-8 d and 4 1-Sd); North Island crossbred wethers and riiaiden ewes, 48 to 561 b, 5d (4 7-8 d and; 4 7-8 d); 57 to 641 b, 4 5-8 d (4Jd and 4 3-Sd); 65 to 721 b, 4|d (4|d and 4 l-£d); ewes, 48 to 641 b, 3 l-8d (3 1-Sd and 3 l-8d); 65 to 721 b, 3d (3d and 2 7-Sd). New Zealand Lamb, Canterbury: 361 b and under, 9 l-8d (8 7-8 d and Bid) > do., 37 to 421 b, Bjd (B}d and 7 5-8 d); do., 43 to 501 b, Sid (7 7-8 d and 7|d); do., second quality, average, 331 b, 8 1-Sd (72d and 7£d); other South Island brands,' 361 b and under, 9d (B|d and 8 3-8 d); do., 37 to 421 b, 8 3-8 d (8d and 7 3-8 d); do., 43 to 501 b, 8 1-Sd (7fd and 7 1-Sd); selected North Island brands, including Downs, 361 b and under, 9 l-8d (9d and 8Jd); do., 37 to 421 b, 84d (8?d and 7*d); do., 43 to 501 b, Bjd (7 7-8 d and 7£d); do., second quality, average, 311 b, 8 id (8 l-8d and 7 7-8 d); other North Island brands, first quality, 361 b and under, 8 7-8 d (Bjd and 8 l-8d); do., 37 to 421 b, 8 3-8 d (7 7-8 d and 7jd);\do., second . quality, average, 311 b, S)d (8d and 7|d). Australian lamb: ’ Victorian (first quality), 361 b and under, 7 3-8 d (7£d and 7d); 37 to 421 b, 7d (63d and 6Jd). Argentine lamb: First quality, 361 b and under, 7|d (7d and 63d); do., 37 to 421 b, 6-Jd (6d and 53d). New Zealand beef..:./tQx fores, 3jd (3Jd and 3=Jd); ox hinds, -Aid (5 3-8 d ■ and s.}d); cow fores andAhinda, •• not quoted. Argentine 'chilled beef: >Ox fores, 3|d

and 3|d); hinds, 6Jd (6jd and 6id). Australian frozen beef: Ox crops, over 1001 b, 3Jd (3 3-Bd, not quoted); ox hinds, over 1001 b, (5 3-B<l and 5Jd). New Zealand prime porker pigs: 60 to 1001 b, 7|d (7fd. and 8d); 101 to 1261 b, 7d (7d and 7d); New Zealand baconer pigs: 121 to 1801 b, 7d (7d and 7Jd). New Zealand frozen veal; None quoted.

ANGORA WOOL MARKET. BRITISH BID FOR N.Z. OUTPUT. The Taranaki member for the New Zealand Fur Board (Mr. W. S. Fergusson) has received the following information from the board’s organiser (Mr. Sainsbury, Auckland):—The continued improvement in the Angora wool market is revealed in the following cablegram received, by the Department of Agriculture from the High Commissioner: “Angora Wool Growers, Ltd., now in the market for supplies, desire samples and offers from New Zealand growers. They are prepared to bid for all parcels of one pound or over subject to sender’s acceptance on the following basis per lb: Super first grade, 3in long, stranded and packed in boxes, paper between layers, 23s to 255; first grade, three inches long, unstranded, 17s to 21s; second grade, two to three inches long, 10s to 15s;. third grade, clean combings and short wool, 4s to - 6s; fourth grade, "matted and dirty wool, 2s to ’4s. Advise, quantity each grade available and forward samples immediately.” The New Zealand. Fur Board is following up this offer.