AUCKLAND WELL AHEAD

Sun (Auckland), Volume III, Issue 621, 25 March 1929, Page 10

AUCKLAND WELL AHEAD

DAIRY PRODUCE EXPORTS SHIPPING ALLOTMENTS Auckland’s dominating position in the Dominon’s dairy produce exp-ort trade is shown in heavy shipments scheduled for the close of the season’s output. An analysis of the Dairy Board’s shipping allotments to May 25 shows that Auckland will provide over 45 per cent, of the butter to be exported in that period, namely, 208,507 boxes out of the total of 406,258. Approximately 10 per cent, of the cheese going overseas in the same allotments will be of Auckland origin, namely, 21,400 crates out of 210,781. The Pakeha lifted 21,000 boxes of butter from the Auckland wharves on Saturday. The Port Fremantle, which leaves Wellington to-morrow, will carry 21,906 boxes of Auckland butter. The Ruahine will leave the same port early next week with 18,000 boxes of Auckland butter on board out of a total shipment of 32,700 boxes. Following are the details of the allotments, the table showing the date of departure from New Zealand, the due date of arrival in the United .Kingdom, and the number of boxes of butter and crates of cheese to be shipped from Auckland, and all Dominion ports. The figures for butter are given above those for cheese in each in-

No figures for the Port of Auckland are shown opposite the Raranga, as the allotments have 3'et to be subdivided among local ports. The vessel will load for both London and West of England ports.

SPECULATION FEVER FINANCE CHIEFS MEET WARNING TO WALL STREET (Australian and N.Z. Press Association) WASHINGTON, Saturday. The possibility of a rise in the Federal Reserve Banks’ rediscount rates was seen this evening - after another attempt by the board to curb the speculative fever on Wall Street by holding an extraordinary session. Mr. A. W. Mellon, Secretary of the Treasury, and Mr. Harrison, governor of the New York Reserve Bank, were present. The meeting was called after several warnings had failed to curb speculation. Unless it ceases it is indicated that a battle may .result. News that a special meeting of the board was being held appeared to frighten New York and Chicago speculators. Especially they feared a rise in the rate in the Chicago district, but that has not occurred. The members of the board would not discuss the proceedings at the meeting, which is believed to have been held partly a.s a psychological move. It is expected that the board will shortly issue another statement if its meeting does not have the desired effect.

stance: — Depart Due From Dom. Steamer Port N.Z. U.K. Auck, Tl. Fremantle Mar 26 May 4 21,906 29,908 15,431 Zealandic Apl. May 5 — 9,650 14.250 Ruahine A pi. May 9 18,000 32,700 10,900 3,000 Herminius Apl. 13 May 13 — 6,000 Coptic Apl. G May 12 — 12.000 6.800 Westmoreland A pi ( 5 May 14 — 2,500 15,500 Middlesex Apl. 6 May 14 — 3,000 Tasmania Apl 10 May 22 1,600 4,100 Mataroa Apl. 13 May 17 43,000 43,000 3,000 1,200 Rimutaka Apl. 15 May 26 — 8.400 5,000 Raranga Apl. 24 June 3 — 45,000 17,700 Otira Apl. 2G June 5 23,000 23.000 3,800 16,500 RangiLiki May 4 June 8 — 25,000 20,000 Port Napier May 7 June 16 31,000 5,300 48,000 17,300 Tainui May 9 June 14 — 5,000 10,000 Devon May 16 June 23 — 16,500 18,200 Ft. Campbell May 16 June 25 — 7.300 Hunting-don May 18 June 24 29,000 4,500 33,500 S.900 Rotorua May 25 June 29 20,000 20,000