DAIRY PRODUCE PRICES

Taranaki Daily News, 19 June 1934, Page 12

DAIRY PRODUCE PRICES

BUTTER MARKET FIRM. CHEESE PRICES ADVANCE. The London butter market retained its firmness last week, the increase in prices over the previous week being more than maintained. The market closed steady at 79s to 80s for New Zealand salted, an crease of Is on the week. New Zealand unsalted was quoted at 82s to 84s. Deliveries of New Zealand butter last week were 1238 tons, compared with 1492 tons the previous week and 1370 tons a year ago. The quantity of New Zealand butter in store was 11,570 tons - , compared with 12,134 tons for the previous week and 9765 tons a year ago. The estimated stocks of all butters, according tc the Imperial Economic Committee was 1,476,831 boxes, compared with 1,262,680 boxes a year ago. The cheese market recorded a further advance in prices on last w r eek and closed firm. New Zealand white and coloured cheese both recorded an advance of 2s 6d on the week. The Dairy Board's London office reports Friday’s official closing quotations as follow, those for the previous week being shown in parentheses:— BUTTER. New Zealand, salted, 79s to 80s (78s to 795; June 15, 1933, 80s to 82s); 795/80s equals approximately 9.2 d f.o.b. Unsalted, 82s to 84s (79s to 82s; June 15, 1933, 84s to 86s). Deliveries, New Zealand, 1238 tons; in store, 11,570 tons; includes 666 tons ex Port Gisborne. Australian, salted, 75s (74s to 755); unsalted. 755/76s to 78s (75s to 765). Deliveries, Australian, 1378 tons; in store, 8790 tons. Danish, 64s f.0.b.; 86s 6d spot (655; 86s). Dutch, unsalted, 70s to 76s (70s to 775). Estonian, salted and unsalted, 72s ex 73s (725/735). Latvian, salted and unsalted, 72s ex 73s (725/735). Lithuanian, salted and v.nsalted, 72s ex 73s (71s/725). Siberian, salted, 71s to 72s C ■). Polish, salted, 66s to 68s (67s to 68s). The board has also received the following advice from its agents in Canada: Butter. New York. 24% cents a lb; Montreal, 21% cents a lb. CHEESE. New Zealand, white, 49s 6d to 50s (5.4 d f.0.b.) (47s to 47s 6d; June 15, 1933, 48s to 48s 6d). Coloured, 47s to 47s 6d (5d f.0.b.) (44s 6d to 455; June 15, 1933, 53s to 545). Deliveries, New Zealand, 22,219 crates; in store, 145,055 crates; includes 10,930 crates ex Akaroa. Canadian, white, 52s to 56s (54s to 565); coloured, 52s to 56s (52s to 565). New season’s c.i.f., 50s tc 50s 6d. Deliveries, Canadian, 6701 boxes; in store, 68,831 boxes. AUSTRALIAN MINIMUM PRICES. The New Ze: nd Dairy Produce Board are advised by the Australian board that they have fixed the minimum prices at which Australian butter may be sold for forward shipment to the United Kingdom during the coming week at 9%d and 9d. These prices are New Zealand f.o.b. equivalent of the Australian c.i.f.e. minimum prices fixed. LIVE STOCK MARKET. PRICES AT FEILDING SALE. Feilding, June 15. With smaller yardings of lower quality, prices for fat lambs were generally easier at to-day’s stock sale. One small pen of very high quality prime fat lambs fetched 28s, but thL was exceptional. Exporters again operated freely, and secured practically the whole of the offering. Fat ewes were in good demand at slightly easier prices, and wethers were firm at previous sales. There is still a very good inquiry for breeding ewes, also for store lambs. The cattle market was .dull, owing to the small yarding, with no ox beef offered to butchers, ahd prices for cows give no indication of market values. There was a fairly good sale for dairy stock. Prices were:— Sheep: Specially prime fat lambs, 28s; prime, 24s 8d; good to 22s 6d; fair unfinished from 17s 9d; very prime heavy wethers, 28s 6d; prime, 27s 8d; prime heavy ewes, 26s lOd; light prime, 23s to 25s 3d. good condition 21s 5d to 22s 6d, light 17s 3d to 19s 8d; light bfs., 15s. Stores: B.f. lambs, 13s 8d; rape lambs, 12s 9d to 16s 6d; ewe lambs, good 21s Bd, fair condition 18s. Breeding ewes, twotooth, 27s 8d; four, six-tooth to fouryear, 27s 2d to 27s lOd; four, five-year, very good, 27s 3d; others, 23s 3a to 25s lOd. Cattle: Stores, good condition, cows 30s to 40s, fair 20s to 275; empty heifers, 40s; weaner heifers, 21s. Dairy sorts: Springing heifers, £2 15s to £4. 15s; springing cows, £2 5s to £5; heifers, calved, £3 2s 6d; cows in milk, £3 7s 6d. Fat cows, good weight, £2 to £2 13s 6d; light, £1 18s 8d; prime cows, heavy, £3 15s to £4; light fat heifers £2 5s to £2 17s. CARTERTON STOCK SALE. Masterton, une 15. Competition was keen throughout at the Carterton sale to-day for a good yarding of all classes of stock offered by Wright, Stephenson and Company, Ltd. Prices were;— Sheep: Fat ewes to 19s Id; fat and forward lambs, 20s to 20s 3d: ewes, r.w. S.D. ram. to 19s 3d; ewes, r.w. Romney ram, to 16s. Cattle: Springing cows, £s' 5s to £6;

springing heifers, £4; cows, later calvers, to £2 17s 6d; fat cows, 50s to £3 4s; forward co .vs, to 355, to ss; store cows, 20s to 27s 6d; cull cows, to 17s; potter bulls, £2 12s to £3 Is. Pigs: Weaners, 9s to 10s; slips, Ils to 15s; store pig.?, 17s to 19s; light porkers, 21s to 235. PEDIGREE FRIESIANS. PATUMAHOE DISPERSAL. At the Oakview Stud Farm's dispersal sale of pedigree Friesians held at Patumahoe on June 11 and 12, nearly 300 head were sold. There was keen competition and every animal was sold. Bulls sold particularly well, three mature bulls averaging 30 guineas, 28 rising two-year-olds sold at an average of 12% guineas, and seven last season’s calves brought an average price of 12 guineas. In the females 120 cows averaged 10 guineas, 58 in-calf heifers brought an average of 9 1-3 guineas, and 81 of last season’s calves 5 guineas. The top prices were:—

Males:—Oakview Pioneer Triumph, Neil Carter, Whakatane, 25 guineas; Rosevale Komdyke Sylvia Echo, H. J. Findlay, Maramarua, 32 guineas; Posch of Oakview, Davie-Martin Bros., Mullet Point, 28 guineas; Oakview Dutchland Beets, J. Guthrie, Aka Aka, 28% guineas; Oakview Mercena Korndyke, Piri Land Company, 39 guineas: Oakview Prince Domino, J. C. Miller, jun., Kopuarahi, 21 guineas; Oakview Pioneer Hengerveld, D. and S. Ross, Te Puke, 25 guineas; Oakview Colantha Lad 31, W. S. Duder, Clevedon, 30 guineas. Females:—Oakview Mercena Sylvia Model 29, E. Brett, Drury, 29 guineas; Oakview Segis Sylvia Model 31, M.. S. Rennie, Mangere, 35 guineas; Oakview Dutchland Snow Queen 31, M. S; Rennie, 41 ¥2 guineas; Oakview Snow Posch 31, E. Brett, Drury, 24 guineas; Oakview Pioneer Colantha 30, E. Brett, 21 guineas; Oakview Deilhurst Makanui Sylvia 31, J. Preest, Waikato, 20 guineas; Rosevale Inka Triumph, Davie-Martin 8r05.,. 30 guineas; Hengerveld Belle of Oakview, Murvale Stud Farm, Howick, 22 guineas; Waituki Salma Alice, A. R. Chappell, Pirongia, 21 guineas; Oakview .. Posch Echo Sylvia 2nd, F. B. Pegler, Mangere, 21 guineas; Oakview Johanna Sylvia 31, C. J. Hindmarsh, Gerringong, New South Wales, Australia, 21 guineas; Oakview Inka Pauline, Wesley College, Paerata, 20¥2 guineas; Oakview Posch Mercena 32, H. D. Lambie, Mangatoki, 22%' guineas. . Mr. H. D. Lambie, of Mangatoki, Taranaki, bought ten head at this sale. SHAREMARKET BUSINESS. Sharemarket business reported by the Press Association yesterday was:— Wellington:—Sales on Exchange: Guarantee Corporation! 4s sd; Colonial Sugar, £65 10s. Dunedin: —Sales on Exchange: New Zealand Refrigerating (cont.), 9s 4d; Golden Point, l%d. Reported sale: Skippers, ll%d. Christchurch: National Bank of Australasia (£5 paid), £6; New Zealand Refrigerating (10s paid), 9s 3d (2), 9s 4d; Tooth’s Brewery, 42s Id, 42s 2d (2); British Tobacco (cum div.), 37s 2d; Dunlop Rubber. 18s Id. IBs; Bell Hooper (Is paid), sd. 41d; Bell Kilgour, 3Jd; Gillespie’s Beach, Is lid. Is lOd (2); Skippers, 11 Zd (2). Sales reported: New Zealand Government 4 per cent, inscribed 1940, £106; Mahakipawa, lid; Mt. Lyell, 21s; Skippers, Is (2). Unlisted: Woolworths Victoria (pref.), 25s 6d (2). Auckland: Stock, 1949. 4 per cent., £lO6 15s (2); Commercial Bank of Australia, 16s 2d; ditto, pref., £9 Us 6d; Bank of New Zealand, 49s 6d; Auckland Gas, 26s 6d (2); Northern Steam (7s paid), Is lid; Kauri Timber, 16s 4d; Colonial Sugar, £65 ss; Consolidated Brick, 7s; D.1.C.. pref., 255; New Zealand Insurance, 60s; Farmers’ Fertiliser, 20s; Robinson Ice, 18s lOd; Skippers, is. Unofficial list: Auckland Farmers’ Freezing (£1 paid), 20s; Harvey Turbine, 20s; Invest. Ex. Trust, 2nd. B, £94 10s. AUSTRALIAN EXCHANGES. By Telegraph—Press Assn.—Copyright. Rec. 10.10 p.m. Sydney. June 18. On, the Stock Exchange it has become ■ almost a habit recently to devote the

day to gold shares. Morning and afternoon calls were unduly prolonged by this class of business. A feature to-day was the setback of Tullamore gold shares regarding which there was considerable activity. These shares a month ago were quoted at 33s 6d. To-day after opening at 14s 6d they slumped to 12s as a result of a heavy bear raid, but solid West Australian ventures maintain a strong front. The investment .market was irregular. The picture theatre group weakened owing to the publication on Saturday of a Royal Commission’s report against the restriction of further cinema licenses for additional theatres. Sales were: Bank of New South Wales, £3O 10s; National Bank (£5 paid), £6 ss; Colonial Sugar, £66 19s; Associated News (pref.), 23s 3d; Burns Philp, 535; Australian Gas A, £7 17s; Tooth’s, 42s 9d; Newcastle Gas C, 13s; Australian Glass, 50s; Dunlop Perdriau, 18s; Wilcox Mofflin, 12s 2d; David Jones, 38s; Anthony Hordern, 14s 2d; General Industries, 12s 3d; John McGrath, 29s 3d; Mt. Morgan, 275; Broken Hill Proprietary, 455; Kuala Kampar, 17s; Rawang Tin, 9s Id; Larut, 14s 6d; Katu Tin, 29s 6d; Tullamore Gold, 12s; Mt. Coolon, 10s Id. Melbourne sales were: Herald and Weekly Times, 51s; Howard Smith, 14s; Electrolytic Zinc, 25s 6d; Mt. Lyell, 21s.