COMMERCIAL NEWS

Waipukurau Press, Volume XXVIII, Issue 119, 14 May 1932, Page 6

COMMERCIAL NEWS

BUTTER AND CHEESE MARKET QUIET LONDON, May 12. Butter is slow. Danish 102 s. Choicest salted Now Zealand and Australian 965, unsalted New Zealand, 98s to 995, Australian 96s to 975. Cheese is quiet. New Zealand white and coloured 58s, Australian 56s and 575. ■ SWAN BREWERY COMPANY (Per Press Association) WELLINGTON, Last Night The Swan Brewery Company to-day cabled the Stock Exchange Association that the directors will recommend a dividend of six per cent on preference shares and two shillings on ordinary shares to the half-yearly meeting on .Tune 1.

Stock Values

ONGA ONGA SALE Hoad ley Son and Stewart, Ltd., report as follows on the Onga Onga sale —2O wed lambs 9s 4d; 14 small wed. lambs 6s 2d; 10 forward lambs 6d; 30 forward ewes 5s lOd; dairy heifers to calve at factory dates: —2 at £4 2s 6d; 3 at £4; 1 at £3 10s; 2 at £3 15s; t l at £3 10s; 1 at £3; 1 at £2 17s 6d; 2 at £2 10s; J a t £2 7s 6d; 3 at £2 ss; 10 at 30s.

H.B. Farmers’ Co-op. Assn. Ltd.— 54 4-yr ewes (r.w. S.D. rams) 14s 3d 1 pig 12s 6d; 4 do. Ils.

CANTERBURY PRODUCE MARKET

(Per Press Association)

CHRISTCHURCH, Last Night.

There has been a decided ftrml'rtg since early in the week in th& fowl wheat market, and to-day values were quoted up to 4s lOld f.o.b. for prompt sacks extra. Spread delivery is mentioned as 4s 11-Jd, but there is little business for forward months It is suggested that the refusal of the Government to alter the sliding scale on imported fowl wheat is the major cause of the firming, but the reduction in the wheat yield as shown of progress threshings is considered to be an additional factor.

The potato market is weaker, and quotations for May are £5 2s 6d f.0.b., S.I. and June £5 7s 6d, with July-Sep-tember at £6 15s Auckland is inquiring very little. The Waipiata is due to sail tonight, with approximately 4200 sacks from southern ports. This quantity, it is considered, will amplify local supplies in the north to an extent that will further delay inquiry. The high price of onions shipped to Sydney has caused some stir in the local trade in that product. Most of the onions were bought at from £8 10s to £9 f.o b., 5.1., and sold to Sydney at the usual turnover price The costs to the Sydney market are from £5 to £6 a ton, so, at the £lB a ton tho consignment realised,, operators made a good profit. The Waikouaiti is due to sail next Thursday with from 300 to 400 tons. To-day’s price was about £8 15s a ton f.o.b. 5.1., or £7 on trucks.

Oats, partridge peas and small seeds show' no change in values, tho market for them being very quiet.

Grazing In Hawke’s Bay

FOB WAIBABAPA COWS It was mentioned at a meeting of South Wairarapa Dairy farmers at Morrison’s Bush to consider the feed famine, that an offer had been received from Hawke’s Bay to graze 1000 cows for the winter at fid per week per head. Mr Freeman, of the Agricultural Department, said he rather favoured grazing, if it could bo- procured at the price mentioned. It would take at least one ton of the best meadow hay to tide each cow over the off season and the cost per cow fed this way would be approximately £6 per cow. If the grazing for twelve weefrs was going to cost only 12s per cow, it would not be a great loss of one animal died, while away. It would probably pay them to engage a man in Hawke’* Bay to make periodical inspections of the cows. Good grazing would build up their herds bettor than if kept on artificial fodder. It was stated. answer to a question that the railway charge for transport was £4 Is per truck of 12 cows. It was considered, that if a special tram was charterer the cost might bo rctU'.cca, and this matter was left in the hands of the secretary.