DAIRY DISPUTE

Sun (Auckland), Volume III, Issue 761, 6 September 1929, Page 10

DAIRY DISPUTE

WIGHT ANSWERS lORNS NO CONTRADICTIONS DUNEDIN, Today. In reply to Mr. W. A. lorns, chairman of the Dairy Control Board. Mr. W. G. Wight, secretary of the South Island Dairy Association, invites Mr. loins to state in what year the executive of the association approved of the exporters’ terms withut placing: the ; details before the producers and in face of an objection from the execu- \ ; live of the Xational Association. Mr. Wight has no knowledge that what he alleges ever occurred, and in a i ; further reply he challenges Mr. lorns) ; to state where lie lias retracted any- ■ thing and concludes by expressing the I view that it’ the report submitted to j the Dunedin meeting was placed be- j fore the Xorthern producers, its views j as to the contracts and the board's ! action would be endorsed. There had S been clear evidence during the week ! that the result would not be in the] producers' facour if the finest was j adopted as the basic grade. BANK OF ENGLAND RETURN (Australian and .MX. Hr ess Associative / : ( U Srj'rtce / JiK-cl. :• a.in LONDON, Thursday. The Bank of Kngland return for the ■ week ended today is as follows: Issue Department Nutes issu< d ; In circulation £366,230,569 j In banking department .. 30,025,882Total 11396,256,451 Government debt 11,015,100 Other Government securities 235,417,608 Other securities 8.724,112 Silver coin 4,843,150 Amount, or fiduciary issue . . 260,000,000 Gold, coin and bullion .. .. 136,256,451 Total £396,256,451 Banking Department Proprietors’ capital 14,553,000 JhsL 720,782 Public deposits 9,095,078 Other deposits, bankers .. 73,967.915 Other accounts 37,167.115 Seven-day and other bills . . 3,861 Total £138,507,751 Government securities .. .. 75,806,855 Other securities, discounts advances -1 309 556 Securities 27*073,’169 .Votes 30,025,382 Gold and silver coin .. .. 1,292,289 Total . £155,507.751 j The proportion of reserves to liabili- , ties is 26.00 per cent. Short leans are quoted at 41 per cent., and three months bills at 5i pex - cent. < 1 ' ] AUSTRALIAN PRODUCE 1 , (United l'. A.—liy 7 elegrayh — Copyriyru, S VDi\E Y, Th ursday. ' The following are today's quotations on the Sydney produce market:— Wheat.—At country stations, Is Sd: ex trucks, Sydney, 5s 3d. Flour.— £ J 3. Po lard and Bran.— £7. Potatoes.—Tasinanlr.n. Xf 19 to 21; Victorian, £l9. Onions.—- £l7 to £22. Oats.—White, 4s ycl; Algerian, 4s Sd. ! Maize.—Gs a bushel. Adelaide prices are:— Wheat. —4 s 11 id. Flour.— £l2 15s. Bran.—£7. Pollard.— £7 10s. Oats.—Algerian, 3s Id. Reed. 10 a.m. MELBOURNE, Today. 1 Today’s quotations : Wheat.—Nominal, 5s Gd. Flour.—£l2 5s to il 2 1 Os. Bran. — £7 1 os. Pollard. —Z 7 15s. Oats and Barley.—Nominal prices unMaize.—ss 3d to 5s 4d. CANADA’S GROWING TRADE FIGURES FOR PAST YEAR (Australian and XZ. Press Association: t United Service) flocd. 10.5,3 a.m. OTTAWA, Thursday. Canada's trade in the year ending July 51 exceeded in value the corresponding Period in 192 Sby £46.474,505, the grand total being £ 515.7,411,265, Including imports for consumption, £261,756,331, exports of Canadian products £265,306,53!), and foreign exports £3,375,0!13. BRADFORD TOPS MARKET ( Australian and N.Z. Press Association) Reed. 9.53 a.m. LONDON, Thurs. The Bradford tops market is weak, with little interest shown. Quotations are unchanged.