BUTTER WANTED

Sun (Auckland), Volume III, Issue 754, 29 August 1929, Page 10

BUTTER WANTED

BETTER MARKET IN LONDON CANADIAN INQUIRIES Coupled with the improvement in tone in the London market for butter and cheese has come an inquiry from Canada for small parcels. This has been reported to Leonard and Son, Limited, from the London principal for the firm. The advice, re- ! porting the slightly better tone, says j business has passed for butter at : 1< 3s to 1745, with some exceptional i brands selling up to 1765. Stocks | are still heavy, and there has been no 1 lessening in the arrival of Northern Hemisphere butter. Advances on butter for consignment to Great Britain have been increased to Is 4*.d and on cheese to Sid. Although Canadian buyers have apparently filled present requirements, there has been some inquiry for small parcels from Eastern Canada, September shipment by the Hororata, with gradings up to September 14. For first quality. Is sd, f.0.b., is offered. Vancouver merchants are asking for offers for shipments by the Aorangi. with gradings up to September 20l Prices indicated are about Is 5d for finest and Is 4gd for first quality. Other reports to merchants are: Joseph Nathan and Company, Ltd., from their London house, Trengrouse and Nathan, Ltd., dated August 27: Butter, 1755. Cheese, white, 91s; coloured, S3s. Newton King, Ltd., from their London principals, R. and W. Davidson. Limited, dated August 27:—Butter: Salted, 172 s to 1765; unsalted, 168 s to 1745; the market is firm. Cheese: White, 88s to 90s; coloured, 90s to 925; the market is firm, with the appearance of advancing. The New Zealand Loan and Mercantile Agency Company, Limited, from London, August 28: —Butter: New Zealand, choicest, salted, 1755, 1765. Cheese: White, 925; coloured, 935, 945. Markets firm. STEADY TRADING LONDON STOCKS REMAIN EVEN Steady trading in dairy produce in London and evenness in holdings are reported in the market summary of Amalgamated Dairies, Limited. The summary states that in the trading of the past month, some holders have shown a tendency to shade prices, but apparently firm hands held the bulk of the heavy stocks. Weekly deliveries of New' Zealand butter showed a gratifying increase on those of the previous month, and on those of the corresponding period in 1928. One quarter of the stocks in London on August 1. 22,700 tons, was New Zealand butter. There were indications that the Northern Hemiphere winter production would not be up to normal, but it was likely this would be more than offset by the large Australian spring output. “The New Zealand spring production should be similar to last vear’s,” the summary states, “although it is at present rather slow in reaching the grading stores. Eastern Canada is buying steadily, and perhaps 300,000 boxes of New Zealand butter have been sold, mostly for October-February shipment. ‘The market for white cheese has gradually declined, but a shortage of coloured has created a premium of 4s a cwt. Stocks in London are much heavier than last year’s. The market has been very quiet. Casein, milkpowder and condensed milk markets have not changed. American stocks of powder are heavier than last year’s and Dutch is excessively supplied. No finality has been reached with the United States Government concerning tariff on casein."

WESTFIELD VALUES

High prices at "Westfield yesterday included the following: ar Ei; i ra .? eavy prime steer, on account Mr. R. Morgan, Matamata, sold to Mr. R. E. Stott, Birkenhead, £23 10s. Exceptionally heavy seven-year steer, on account Mr. P. Corbett, Hikutaia’ s ° ld to Mr - T. Baster, Ponsonby, ±37. Two steers from the same owner averaged £23 12s 6d. Two steers from Mr, Geard, sen., Cape Colville, averaged £2O. A pen of extra special hoggets from Mr. John Schlaepfer. Paerata, made £ 2 2a 3d. Mr. H. E. Swaffield, Otahuhu, was the buyer. For a prime heifer runner fattened v y ¥ r ’ ~ W ’ Biddic k, of Runciman, bought by Mr. F. Johnson. Victoria btreet. £8 18s was realised. One truck of extra well-finished Hereford bullocks from Pitch Bros Pio Pio, realised £l7 5s to £lB 10s! Smith and Smith, Grey Lynn, were the buyers. Prime young Waikato cows and heifers were bought by Messrs. G. Andrews and S. J. Green for £l3 5s to £l4 10s Spring lambs from Mr. W. Duder. Maraetai, brought up to £2 2s. Messrs. Bridges and Overton bought extra heavy prime cows and heifers from Mr. H Windsor, Tamahere, for up to £l7 7s 6d. A line of extra heavy prime wethers on account Mr. M.-R. H. Bailey, Tirau’ sold for £ 2 4s 3d. £44,000 LOAN POLL PROPOSAL IN DUNEDIN Press Association DUNEDIN. Today. The City Council has decided to take a poll of ratepayers on a proposal to raise a loan of £44,000 for a new 14-inch main to supply water to high levels in the city. COLOMBO TEA SALES fAustralian and N.Z. Press Association) COLOMBO. Wednesday. At the tea sales the catalogues totalled 1,870,0001 b. The quality was similar to that offered in the previous week. Common kinds were steady generally, but all better grades advanced by 2 to 4 cents. Next week 1,910,0001 b will be offered.