DAIRY PRODUCE

Press, Volume LXIX, Issue 21034, 9 December 1933, Page 12

DAIRY PRODUCE

COLD STORAGE RATES REDUCED SAVING TO THE INDUSTRY (PRESS ASSOCIATION" TELEGRAM.) WELLINGTON, December 8. Through negotiations- between the manager of Hay's Wharf, London, and the Australian and New Zealand Dairy Produce Boards, the New Zealand board has completed contracts for a reduction in the cold storage rates on butter and cheese at London wharves. Although the existing contract for butter had two years to run, the Hay's Wharf authority has agreed to cancel the remainder of th! contract and allow the reduction secured to operate from December 1, 1933. The reduction is of sixpence a ton, and in addition an arrangement has been made that, instead of having seven days' free storage, a term of 14 days will be allowed for the six months, November to April, period, during which the larger quantity of New Zealand butter arrives. Co-operation With Ailtetralia. It is largely by reason of the cooperation of the Australian board that the reduction in the butter rate has been secured, that board having undertaken to place its butter in cold storage from December 1 in the same way as the New Zealand board is doing. With this increased quantity, it has been possible to obtain the reduction agreed upon. Cool storage rate on cheese has been a more difficult problem, and it has been impossible to secure a concession in proportion to that on butter. After prolonged negotiations a reduction of fivepence a ton has been obtained. Taking into consideration the saving made by the increased period of free storage, the total reductions represent a saving to the dairy industry of between £12,000 and £13,000 a year. The contracts are for five years, with a right of cancellation at the end of three years. SUPPORT FOR MARKETING PROPOSALS irHESS ASSOCIATION TELEGRAM.) STRATFORD, December 8. In an address to a largely-attended meeting of Taranaki dairy producers to-day, Mr W. A. lorns, chairman of the Control Board, explained the new marketing proposals. A motion was passed, with only a few dissentients, agreeing to support the board in its latest endeavour, in collaboration with Tooley Street to effect an improvement in the marketing conditions of New Zealand produce. LONDON QUOTATIONS (united press association—by elictric TELEGRAPH —COPYRIGHT.) LONDON, December 7. Latest quotations are:—Butter, Danish 110s; Australian and New Zealand are steadier, choicest salted 71s to 725; unsalted, New Zealand 88s to 90s; Australian 80s to 84s. The cheese market is dull. Prices;— New Zealand coloured 46s 6d, white 48s; Australian coloured 44s to 455. The following is a copy of a cable message received by Dalgety and Co., Ltd., Christchurch, from Samuel Page and Son, London, dated December 7, 1933: Butter—Market firmer on report of export restriction. Danish, 110s to 112s; finest New Zealand 70s to 725; finest Australian unsalted, 78s to 84s; salted, 69s t o71s; g.a.q., 66s to 68s. Cheese—ATarket steady at present prices. Quotations: New Zealand whita, 47s to 495, and coloured, 46s to 475; Canadian spot white and coloured, 48s lo 535. Messrs A. S. Paterson and Co., Ltd., j have received the following cablegram from their Loudon principals—Messrs I J. and J. Lonsdale and Co. (London), Ltd.-—Butter market firm owing to ! season demand end effect decision withhold, hut do not anticipate much I advance. Danish, 90s, f.0.b.; New Zea72sd' 71s to 725; Australian > 71 s to! Cheese-White, firm, 48s to 48s 6d" coloured, slow, 45s to 465. The National Mortgage and Agency Company of New Zealand, Ltd! has received the following cablegram from its principals Messrs A. J. Mills and Company, Ltd., London:—■ Butter—Market is steady. Finest i'nL t 70s t0 71s: Danish, 108s to 110s; f.0.b., 88s to 90s; Australian, 70s to 725. 47?t^Q™ Ma , rket is, steady. White, 47s to 48s; coloured, 46s to 475; Canadian, white and coloured, 48s to 525. PRICE OF GOLD LONDON, December 7. Gold, a fine ounce, is quoted: December 7 .. .. 'H 60* December 6 .. 6 Gll December 5 .. " r; r December 4 .. 1 64 8 December 2 .. "" aa 1 u December 1 .. !! 6 5 2 PRICE OF SILVER (BRITISH OFFICIAL WIRELESS.) RUGBY, December 7. Silvei (pence an ounce) is quoted): Ct . Dec. 6. Dec. 7. | pot , •• 133 1811-10 Forward .. 1811-16 18 11-16