THE DAIRY INDUSTRY.

Auckland Star, Volume LX, Issue 245, 16 October 1929, Page 4

THE DAIRY INDUSTRY.

FOUR WEEKS REViEWED. RECENT STEADY RISE. Messrs. A. H. Turnbull and Co., New Zealand agents for W. Weddel and Co., report as follows on the dairy produce market in recent weeks:— The following are the top London quotations for the past four weeks:—

New Zealand salted butter has shown a slow but steady rise, quotation starting at ISO/, and rising to 184/ per cwt. The stocks of butter in London have been reduced to 5700 tons, being a reduction ot about 2000 tons for the month, and with comparatively small arrivals of New Zealand butter reaching the market during October and November, the butter position seems to be fairly sound in the meantime, with a firm tone in the spot market. Danish quotations have risen more rapidly than New Zealand, and the margin of difference between quotations for New Zealand salted and Danish is widening, as is usual at this time of the year. .There has been considerable forward activity by buyers for shipment, both to Canada and the United Kingdom. The chief interest has been shown in prompt shipment, and. as high as 1/5% has.been paid for steamers sailing from New Zealand during the first half of October. Buyers generally, however, are showing less interest in butter to be shipped during November, December and onwards. Messrs. W. Weddel and Co., Ltd., cable that the recent steady rise has been brought about by the small arrivals from New Zealand, Australia, and the Argentine, which has necessitated heavy withdrawals from spot stocks, and further' by the late season, and limited production in both Australia and New Zealand. They expect some further improvement, owing to the reduced shipments afloat as compared with last year, whilst there is a good retail demand, and the Continental position remains firm. Cheese. The market has remained steady, and quotations from 93/ to 96/ must be considered satisfactory, considering the heavy stocks of New Zealand and Canadian cheese still available in the United Kingdom. The grading figures for the month show that there; has been a considerable decrease in cheese production' for September this year, compared with last season, equal to 20.76 per cent, but the quantities of cheese manufactured in September are comparatively small at any time, and will probably not have very much influence on the London market. There has been some forward activity, and sales to the end of December have been made- at B%d, and up to B%d, net, f.0.b., but buyers are by no means active, and in most cases the sa'les that have been made have been on behalf of smaller cheese factories.

It is interesting to note that buyers are still showing a distinct preference for full cream cheesa, and in many cases have stipulated for this make, although in some instances, sales of standardised cheese have been made but, mostly at a tilight reduction on the price that buyers have been prepared to pay for full cream, The Canadian make has been considerably reduced on account of unfavourable weather conditions, and accounts for recent increase in values of spot stocks but sales are not very restricted, and although a steady market is now looked for, there is the' possibility of slightly lower prices. ' , The following figures show the statistical position with regard to gradmgs and butter and cheese in store: — GRADINGS AND STOCKS.

CAMBRIDGE. (By Telegraph.—Own Correspondent.) CAMBRIDGE, this day. Despite unfavourable weather conditions for dairying, the month of September was a very satisfactory one for this district's » dairy companies. The Cambridge Dairy Company will advance £25,250 on the 20th, against £25,300 for the corresponding period the previous season on a basis of l/QVi gross for cheese and 1/5% for butter, compared with 1/7% and 1/5 respectively, for September, 1928. The company's supply showed an increase of 5 per cent. , The Bruntwood Co-operative Company s returns show an increase of 44751b of butterfat.'

BUTTER. Sept. Sept. Sept. Oct. IS. 20. 27. 4. Danish 104/ 200/ 204/ 205/ N.Z., unsalted . 178/ ISO/ 180/ 130/ wry' enlted . ISO/ 182/ 184/ 184/ Market ..:: Firm. Firm. Firm. Quiet CHEESE. Sept. Sept. Sept. Oct. 13. 20. 27. 4.

1927. 1928. 3929. Tons. Tons. Tons. Butter graded during September 5500 5068 6002 Butter graded during August-September .. 7800 8820 9041 Buttei in store at September 30 3100 2850 3051 Cheese graded during September 3450 4407 356C Cheese graded during August-September .. 3800 5162 4090 Cheese in store at September 30 2400 3450 2205