FINANCE AND COMMERCE

Taranaki Daily News, 29 April 1931, Page 12

FINANCE AND COMMERCE

DAIRY PRODUCE MARKETS. RETAIL PRICES UNCHANGED. The London butter market was quiet at the end of last week, with, prices of New Zealand salted 3s to 4e better on the week. Retail prices are unchanged, New Zealand at Is 2d and Danish at Is 3d a lb. The market for New Zealand cheese is steady at the low prices ruling, Canadian being reported as in slow demand at a premium of 22s a cwt. ou New Zealand. The Dairy Board’s London office reports prices as follow, those for the previous week being shown in parentheses:— Butter. New Zealand salted, 109 s to Ills, exceptionally 112 s (106 s to 108 s; April 25, 1930, 128 s to 1345); unsalted, 112 s to 116 s (112 s to 114 s; April 25, 1930, 136 s to 1445); first whey, 102 s (101 s second whey, 100 s (100 s Australian, salted, 106 s to 108 s (104 s to 106 s); unsalted, 108 s to 112 s (108 s to 112,5). Argentine, unsalted, 104 s io 108 s; exceptional Ills (104 s to 106 s; 108 s). Danish, 118 s f.0.b.; 124 s spot (116 s 122 s to 1245). Dutch, unsalted, 118 s to 122 s (120 s to 1225). Esthonian, 108 s to 110 s (not quoted). Latvian, 108 s to 110 s (not quoted). The board has also received the following advice from its agents in Canada:—Butter: New York, 24 cents per lb. (Is); Montreal, 23 cents per lb. (Hid). / Chfeese. New Zealand, white, 50s to 51s (49s to 50s; April 25, 1930, 78s to 81s); coloured, 52s to 54s- (52s to 545; April 25, 1930, 80s to 84s). Australian, white, 49s to 50s (495); coloured, 51s to 52s (525). > Canadian, white, 72s to 745, up to 76s (72s to 765); coloured, 74s to 76s (74s x 765). English finest farmers, 100? to 106 s. Deliveries and Stocks. The Empire Marketing Board’s estimate of the stocks of all butter held at April IS is 298,404 boxes, as compared with 727,510 boxes a year- ago. Deliveries of New Zealand butter for the week were 1693 tons, as against 950 tons a year ago. The quantity in store is 4750 tons, as compared with 9050 tons a year ago. The quantity of Australian butter in store is 1200 tons, as compared with 3012 tons a year ago. ’ Deliveries of New Zealand cheese for the week were 22,876 crates, as against 19,750 crates a year ago. The quantity in store is 157,700 crates, as compared with 117,771 crates a year ago. The quantity of Canadian cheese in store is 141,102 boxes, as compared with 102,988 boxes a year ago.

FROZEN MEAT IN LONDON. WETHER MUTTON IMPROVED. The lamb market remains steady with no change in prices. Consumption continues good. Mutton market: Wethers meeting slightly better demand. Ewes market 5 is piiet and slightly weaker for light-weights. Beef market: Better prices for Argentine chilled beef, but frozen beef neglected. New Zealand pigs: Slightly firmer, but consumption decreasing. New Zealand baconer pigs: A little better inquiry. The above report has been received by the Meat Board from its London office, which giv jS Friday’s Smithfield quotations with those for the two previous weeks in parentheses as follow: — New Zealand Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48/561b., 3|d (3Jd, 3 7-8 d); 57/641b., 3 5-8 d (3 5-Bd, 3fd); 65/721b., 3 3-8 d (3 3-Sd, 3Jd) 5 North Island crossbred wethers and maiden ewes, 48/561b., 3 5-8 d (3 5-Bd, 3 5-8 d); 57/641b., 3 3-8 d (3 3-Bd, 3Jd); 65/721b., 3id (3id, 3 3-8 d); ewes, 481 b and under, 3 l-8d (3id,' 3id); 48/641b„ 2<d (2|d, 27-8 d); 65/721b., 2£d (21d, 25-8 d). New Zealand Lambs—Canterbury, 36 lb. and under, 6 3-8 d (same). 37/421b. 6 3-8 d (same), 43/501b. 6jd (6 3-Bd, 6£d); second quality, average 331 b., 5Jd (same); other South Island brands, 36 lb. and under, 63d (same), 37/421b. 6id (same), 43/501b. 6jd (6id, 6 8-8 d); selected North Island brands, including Downs, 361 b. and under 6 3-8 d (same), 37/421b. 6 3-8 d (same), 43/501b. 6 3-8 d (same), second quality,' average 311 b., 5Jd (same).; other North Island brands, first quality, 361 b. and under 5 7-8 d (same), 37/421b. 5 7-8 d (same); second quality, average 311 b., (same). Australian Lambs.—Victorian, first quality, 361 b. and under, 4 7-8 d (same); 37/421b., 4jd (4 7-Bd, 4 7-8 d) Argentine Lamb. —First quality, 361 b. and under, 4|d (41d, sd); 37/421b., 41d (4id, 4jd). New Zealand Beef. —Not quoted. Argentine Chilled Beef. —Ox fores, 3 l-8d (2 3-Bd, 2jd); ox hinds, 6 l-8d (s£d, 5 3-8 d). Australian Frozen Beef.—Ox crops, over 1001 b., 23d (same); ox hinds, over 1601 b., 3 5-8 d (3 3-Bd, 3 3-8 d). New Zealand Porker Pigs.—6o/1001b., 5 l-8d (sd, sd); 101/1201b., 4 5-8 d (4£d, 41d). New Zealand Prime Baconer Pigs. — 121/1801b., (5Jd, sd). New Zealand Frozen Veal.—Not quoted.

TALLOW AND HEMP. LONDON MARKETS DULL. The Department of Agriculture has received the following cablegram, dated April 25, from th© High Commissioner for New Zealand, London:— Tallow.—No auction this week. Market continues quiet for shipment and practically nothing offering here. Spot quotations nominally unchanged. 1 Hemp. —Manila market easier and moderate business has been done. Steadier at the close, “K” grade for MarchMay shipment being sold at £l7 10s, and April-June shipment £l7 15s. Sisal: Market easier. Closing quotations were: No. 1, good markets for April/June shipment, £l6 15s to £l7; fair average quality, £l6 10s. New Zealand: Market dull. Small business early this week in fair for April/May shipment at £lB 10s, and rejected at £l6.

PRICES AT SYDNEY WOOL SALE By Telegraph—Press Assn. —Copyright. Rec. 8.30 p.m. Sydney, April 28. —At the wool sales the offerings totalled '9761 bales, of which 8972 were

sold. In addition 1142 were offered privately. French buyers were particularly active for quality lines and there was good, competition foi other descriptions. Greasy Merino sold at 16jd. ' SHAREMARKET BUSINESS. Auckland, April 28— Sharemarket sales: Commercial Bank of Australia, 141 9d; Bank of New. South Wales, £2 13s New Zealand Insurance, £2 2s; South British Insurance (2 parcels), £2 13s 6d; Standard Insurance (late sale Monday), £2 7s; Auckland Gas, £1 2s 10d; Northern Steam, 10s. 6d; Farmers’ Trading, 2s 7d; Gear Meat, £1 16s 9d; Kempthorne Prosser, £2 13s 9d; Wailii Mining, 15s 6d; Moanataiari Mining, Is 3d. Christchurch, April 28.—Sales on Exchange: New Zealand Insurance, 425; Goldsbrougn Mort, 20s 4d; New Zealand Guarantee Corporation, 5s 4d. 5s 3d; Christchurch Gas (10s paid), Ils 3d; British Tobacco, 29s 3d (2 parcels); Dominion Builders’ Supplies, 2» 3d; Mt. Lyell, 18s 6d; Okarito, 7s lid. Sales reported: British Tobacco, 29s 6d; Bank of New South Wales, £26 15s.