FINANCE AND COMMERCE

Taranaki Daily News, 6 October 1931, Page 16

FINANCE AND COMMERCE

FIRMNESS IN DAIRY MARKETS. GOOD STATISTICAL POSITION. The London office of the Dairy Board reports' the following prices current on Friday, those for the previous week being shown in parentheses:—BUTTER. New Zealand, salted, 119 s. to 1235. to 1245. (116 s. to 120t5.; October 3, 1930, 116 s. to 1225.); unsalted, 120 s. to 1225., ex. 1345. (114 s. to 118 s.; October 3, 1930, 1465. to 150 s.); 119 s. to 1235. equals approximately 121 d. per lb. f.0.b.; first whey, 110 s. (108 s. eeeond whey, 108 s. (1065.). Australian, salted and unsalted, 116 s. to 118 s. (110 s. to 1145.). South Africa, 104 s. to 108 s. ( —)• Argentine, unsalted, 112 s. to 116 s. (108 s. to 1125.). Danish, 130 s. f.0.b.; 1365. spot (130 s. to 1365.). Dutch, unsalted, 1445. to 1465. (1355.). Esthonian, salted, 116 s. to 118 s. (110 s. to 1125.). Latvian, salted, 116 s. to 118 s. (108 s. to 112 s.); unsalted, 113 s. to 118 s. (1125.). Siberian, 104 s. to 106 s. (955. to 985.). Ukranian, 104 s. to 106 s. (985.). Polish, 945. to 104 s. (88s. to 100 s.). Lithuanian, salted, 114 s. to 116 s. ( ); unsalted, 116 s. (108 s. to 110 s.). The board has also received the following advice from its agents in Canada: Butter: New York, 341 cents (Is. 5Jd.); Montreal, 20£ cents (10 l-Bd.) per lb. CHEESE. New Zealand", white, 70s. to 715., ex. 725. (655., 665. to 675.; October 3, 1930, 71s. to 735); coloured, 70s. to 725. (655. 665. to 675.; October 3, 1930, 70s. to 725.); 70s. to 725. equals approximately 7d. per lb. f.o.b. Canadian, white and coloured, 70s. to 725. (65?. to 665.); c.i.f., 695. (685.). _ English, finest farmers, 80s. to 85s. (-). ARRIVALS, STOCKS, DELIVERIES Arrivals of butter during the week included 720 tons from Russia _ and 260 tons from Poland and the Baltic States. Canadian arrivals were 8800 boxes and 7000 boxes are expected this week. The estimated stocks of all butters in London and/or provincial stores a,t October 1 were 18,000 tons. The estimated stocks of cheese at London, Liverpool and Bristol at October 1 were: Canadian, 266,400 boxes; Australia and New Zealand, 51,000 crates (also ships not yet discharged. New Zealand cheese, Matakana, 5300 crates; Opawa, west coast ports, 3000 crates.) Deliveries for the week and quantities in store are reported by the London office of the Dairy Board as follows, the figures for a year ago being shown in parentheses: — New Zealand buttef, deliveries, 1432 tons (1065 tons); stocks, 5424 tons (8550 tons). Australian butter, 1125 tons (412 tons); stocks, 1587 (1387). New Zealand cheese, 19,258 crates (18,267); stocks, 45,678 crates (91,910). Canadian cheese, 21,253 boxes (6389); stocks, 246,479 boxes The Remuera, which left Auckland on September 30 for London, took 85,552 boxes of butter and 1405 crates of cheese. WEAKER MARKET FOR MEAT. LAMB AND MUTTON EASIER. Lamb market quiet with prices a shade easier. Supplies of home-killed lamb are still heavy. Forward buyers displaying very little interest in view of increasing supplies of new season’s Australian and South American lamb. Mutton market: Wethers and ewes weaker owing to heavier arrivals. Beef market steady; stocks light. New Zealand porker pigs: Slightly better demand, but feeling competition large supplies homekilled. New Zealand baooner pigs: Purely nominal. The »,bove report was received on Saturday by the New Zealand Moat 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 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., 5Jd. (5 3-Bd., sjd.); 57 to 641 b., sd. (5 l-Bd., 5 3-8 d.); 65 to 721 b., 4 5-Bd. (4;}d., 5d.). North Island crossbred wethers and maiden ewes, 48 to 561 b., sd. (5Jd., 5 3-8 d.); 57 to 641 b., 4Jd. (5d., 5Jd.); 65 to 721 b., 4Jd. (4 5-Bch, 5d.). Ewes, 48 lb. and under, 4 l-Bd. (4 3-Bd., 4 5-8 d.); 48 to 641 b., 3£d. (3 7-Bd., 4d.); 65 to 721 b., 3 5-Bd. (3 5-Bd., 3 5-Bd.). ’ New Zealand lambs: Canterbury, 301 b. and under, 8 3-Bd. (8 3-Bd., 81d.); 37 to 421 b., 7|d. (73-d.,.7 7-8 d.); 43 to 501 b, 6sd. (6 7-Bd., 7d.); second quality, average 331 b., 7 7-Bd. (Bd., BJd.). Other South Island brands, 361 b. and under, BJd. (BJd., 8 3-8 d.); 37 to 421 b., 7J-d. (7 5-Bd., 7 7-8 d.); 43 to 501 b., 6|d. (6gd., 7d.). Selected North Island brands, 361 b. and under, BJd. (BJd., 8 5-8 d.); 37 to 421 b., 7jd. (7Jd, 8d.); 43 to 501 b., 6 7-Bd. (6 7-Bd., 7d.); second quality, average 311 b., 7 7-Bd. (Bd., 8 3-Bd.). Other North Island brands, first quality, 361 b. and under, Bd. (8 l-Bd, BJd.); 37 to 421 b., 7Jd. (7£d., 7 7-8 d.); second quality, average 311 b., 7|d. (7 7-Bd, B£d.). Australian Lambs: Victorian, first quality (new season’s), 361 b. and under, Bd. (8 l-Bd, B|d.); 37 to 421 b., 7Jd. (73d., Bd.). Argentine lamb:- First quality, not quoted. New Zealand beef: Ox fores, 2|d. (2fd., 2|d.); ox hinds, 4d. (4d., 4 l-8d.); cow fores and hinds, not quoted. Argentine Chilled Beef: Ox fores, 8 3-Bd. (2 7-Bd., 27-8 d.); ox hinds, 6 3-Bd. (6d., 6Jd.). Australian Frozen Beef: Ox crops, over 1001 b., 2 7-Bd. (23d., 27-8 d.); ox hinds, over 1601 b., 4d. (4d., 4 l-Bd.). New Zealand prime porker pigs: 00 to 1001 b., 6Jd. (Gid., Gid.); 101 to 120 lb., 6d. (53d., 53-d.j. New Zealand prime baooner pigs: 121 to 1801 b., sd. (5d., 5d.). New Zealand frozen veal: Not quoted. PAEROA JERSEY BULL SALE. HIGHEST PRICE 27 GUINEAS. ■Paeroa, October 3. The annual Jersey show and bull sale of the Paeroa Jersey Breeders’ Club was held in Paeroa in conjunction with the New Zealand Loan and Mercantile

Agency, Limited, this week. There was a yarding of 70 pedigree Jersey bulls, and a number of pedigree yearling Jersey heifers. Thirty-four bulls were sold under the hammer. The highest-priced bull was a two-year-old, Kelvin Merry Boy, which realised 27 guineas. It was sold by Mr. G. Buchanan, of Paeroa, and purchased by Mr. C. Hands, of W r aihi Plains. Mr. M. Cummins’ yearling Leafield Gay Chief realised 21 guineas, being purchased by Mr. J. Wakeham, of Awaiti, Netherton. Other prices ranged ■ from 20 guineas down to 5 guineas. Yearling heifers realised from £5 ss. up to £lO 10s. Before the pedigree cattle were offered for sale Mr. S. Dale, at the invitation of the. Jersey Club, judged the various classes. The awards were: Yearling pedigree Jersey bulls: H. H. Sutton’s Tolgarth Duke’s You’ll Do, 1; H. H. Sutton’s Tolgarth Dandy, 2; M. Cummin’s Leafield Gay Chief, 3. Two-year-olds: H. H. Sutton’s Cailenondali Consul, I*. Mature bulls: J. C. Townshend’s Cora’s Spec, 1; B. E. Veale’s Master Merit of Tamahere, 2. MOTUROA OIL WELL PRODUCTION. EXPERIMENTS WITH SWABBING. The screen has been pulled out of Moturoa No. 2 well and experiments have been made with swabbing in order to see the effect upon production, states the weekly report of Moturoa Oil Fields Ltd. Swabbing for several days produced 123 barrels of clean oil, but brought in too much sand. This ia now being cleaned out. SHAREMARKET' TRANSACTIONS. Auckland, Oct. s:—Sharemarket sales: Bonds 1937 5J per cent., £95; Insc Stock 1938 4J per cent., £93 ss; Insc Stock 1933 5J per cent., £96 7s 6d (2 parcels); Bank of New Zealand, 44s (2 parcels), 43s 6d (2 parcels); South British, 50s 9d; Dom Invest, 18s; Colonial Sugar, £32 15s; King Solomon, 2s lid; Waihi Grand Jnc, 3s 7d (2 parcels). Christchurch, Oct. 5: —Sales on exchange: New Zealand Government 5% per cent. Bonds 1937, £94 17s 6d; Commercial Bank of Australia, 12s lid; Bank of New Zealand, 43s Gd; Mt. Lyell, 6s 8d; King Solomon, 2s IJd (7 parcels); Golden Point, Is Id (2 parcels). Sales reported: New Zealand Government 5J per cent. Inscr 1937, £94 17s 6d; Bank of New South Wales, £25 5s (2 parcels).