FINANCE AND COMMERCE

Taranaki Daily News, 14 October 1930, Page 12

FINANCE AND COMMERCE

DAIRY PRODUCE MARKET. DEMAND CONTINUES SLOW. The New Zealand Dairy Produce Board has received the following report, dated October 10, from its London office; —Owing to the demand remaining elow, butter prices have continued to decline. The cheese market is slow. The retail prices of butter and cheese arc unchanged. Wholesale quotations as at close of business compare as follows with those of the previous week: — BUTTER. New Zealand. —Salted, 110 s to 116 s per cwt (116 s to 1225; October 11, 1929, 179 s to lS4s); unsalted, 146 s to 150 s (146 s to 150 s; October 11, 1929, lS6s to 1925); first whey, 108 s (112 s second whey, 106 s (110 s j Australian.—’Salted, 110 s to 114 s per cwt (116 s to 120 s); unsalted, 130 s (128 s to 130 s). ' _ . Argentine. —Unsalted, 112 s to 116 s (116 s to 120 s). Irish Cream. —'Unsalted, 116 s (120 s unsalted, 120 s (1245). Danish. —138 s f.0.b., 144 s to 1465, spot 138 s (146 s to 148 s). Dutch. —Unsalted, 136 s to 140 s per cwt (138 s to 1425). Esthdnian. —114 s to 120 s (118 s to 120 s). Latvian. —114 s to 120 s (118 s to 120 s). Polish. —96s to' 106 s per. cwt (96s to 108 s). Lithuanian. —102 s to 114 s (112 s to 116 s). French. —Salted, baskets, 138 s to l’4os CHEESE. New Zealand. —White, 69s to 71s (71s to 725; October 11, 1929, 94s to 955); coloured, 68s to 70s (70s to 725; October 11, 1929, 93s to 945). Australian.—Coloured, ( 68s (69s to 71s). Canadian. —White, 75s to 78s (77s to 78s); coloured, 76s to 78s (—); c.i.f., 72s '(77s). English.—Finest farmers’, ICOs to 106 s (100 s to 106 s).

DELIVERIES AND STOCKS. Deliveries of New Zealand butter for the week were 1240 tons •as against 810- tons a year ago. The quantity in store was 7500 tons as compared with 4500 tons a year ago. , Deliveries of New Zealand cheese for the week were 17,587 crates, as\ against 12,148 crates a year ago. The quantity in store was 83,774 crates, as compared with 57,148 crates a year ago. The Argyllshire started discharging her cheese on October 6 and finished next day. She started discharging her butter on October 8. The Corinthic started unloading her butter oq October 9. Deliveries of Canadian cheese for the week were 11,162 boxes, as against 15,538 boxes a year ago. ’ The quantity in store was 236,495 boxes, as against 223,982 boxes a year ago.

MARKET FOR FROZEN MEAT. .SMITHFIELD PRICES STEADY. New Zealand Lamb: Market remains steady. Consumption satisfactory for time of year. New Zealand mutton market: Wethers remain firm. Ewes: market is quiet and steady. Beef market: Steady, but New Zealand beef stocks are light. New Zealand porl"jr pigs: There is a good demand for lightweights, but market weak for heavyweights. New Zealand baconer pigs; Positively no sale owing to extremely low prices Continental bacon. Available supplies are being utilised as heavy pork. The above report lias been received 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, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of the goods offering during the jVeek, 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, 5 7-8 d (5 7-8 d and 5 5-8 d); 57 to 641 b, 5Jd (5Jd and 5 3-8 d); 65 to 721 b, 5Jd (5Jd and 5 l-8d); North Island crossbred wethers and maiden ewes, 48 to 561 b, 5 3-8 d (5Jd and 5 l-8d); 65 to 721 b, s£d (5 l-8d and sd). Ewes, 48 to 641 b, 3|d’ (3fd and 3 5-8 d); 65 to 721 b, 3 5-Sd (3 5-8 d and 3id). New Zealand Lambs.—Canterbury, 361 b and under, Sfd. (same); 37 to 421 b, BJd (same); 43 to 501 b, B}d (same); second quality average 331 b, 7ld (same); other South Island, 37 to 421 b, Sid (8 5-8 d); 43 to 501 b, 8 1-Sd; other brands, 361 b and under, Sid (same); selected North Island brands (including Downs), 361 b and under, 8 7-'Bd (same); 37 to 421 b, Bfd (same); 43 to 501 b, B{d (same); second quality average 311 b, 7 3-8 d (same); other North Island brands, first quality, 361 b and under, 8d (same); 37 to 421 b, not quoted: second quality average 311 b, 7 LSd (7 l-8d and 7d).

Australian Lambs, —Victorian first quality, not quoted. Argentine Lamb.-—First quality, 361 b and under, 6Jd (same); 37 to 421 b, 6|d (same). New Zealand Beef, —Not quoted. Argentine Chilled Beef.—Ox fores, 4|d (4|d and ox hinds, 7Jd ("Id and 74d). Australian Frozen Beef.—Ox crops, over 1001 b, 4 1-Sd (4 l-8d and 4d); ox hinds, over 1601 b, 5Jd (5Jd and old). New Zealand Prime Porker Pigs. — 60 to 1001 b, 9d (9d and 9Jd); 101 to 1201 b, Sd (Sid and 9d). New Zealand Baconcr Pigs.—l2l to 1801 b, Gjd (6|d and 6Jd). New Zealand Frozen Veal.—Not quoted. MUTUAL LIFE ASSURANCE. Received 5.5 p.m. Melbourne, Oct 11. The Board of the Temperance and the

General Mutual Life Assurance Society reports that for the year ended September 13, 1930, new business completed was 20,088 policies for £6.553,128 in the ordinary department and 122,100 policies for £5,765,574 in the industrial department, a total of 142,1'88 policies for £12,318,702, compared with a total of £12,219,710 written- for the previous year. SALE OF OPOSSUM SKIN’S. PRICES AT WELLINGTON. Dalgety and Company, Limited, report that they held the third and last main sale of the season last week at Wellington. The catalogue was a large one and comprised opossum skins drawn principally from Wanganui, Taranaki and Wellington districts. The market showed a slight improvement, the better grades on an' average appreciating by 3d to 9d per skin as compared with the previous sale. Some of the sales of blacks, browns and greys were as follow: 52 blacks, 6s lid; 186 browns, 6s Id; 125 blacks, 6s 3d; 51 browns, 6s 2d; 39 blacks, 5s lid; 12 browns, 6s 7d; 22 blacks, 7s 6d; 71 greys, 6s lid; 118 greys, 5s 7d; 96 greys,. 6s 4d; IS greys, 5s 4d; 13 blues, 6s 6d. Good average prices were obtained for red necks, slates and rustys. The following is the range of prices for average consignment of seconds up: Greys, 3s to 6s lid; blues, 5s to 6s 4d; blacks, 3s lid to 7s 6d; browns, 4s Id to 6s 7d; red. necks, 4s to 5s Id; slates, 5s Bd. Small skins sold at 2s to 2s 3d lower than these rates. Rumpers, kittens and damaged skins were difficult of sale at lower rates; in some cases to make sales it was necessary to sell below the royalty of Is per skin. WOOL PRICES AT SYDNEY. COMPETITION MAINTAINED. Rec. 10.15 p.m. Sydney, Oct. 13. At the wool sales to-day 11,435 bales were offered and 10,933 sold, as well as 1296 which were disposed of privately. Tile average price of wool sold last week was 8.2 d. per lb. Competition to-day was strong by France, Germany, Belgium, Japan and Yorkshire, with limited support from the United States. Excellent clearances were made at rates current at the close of last week’s sales. Greasy Merino made up to 17cL.