BUTTER MARKET HEALTHY

Press, Volume LXXII, Issue 21809, 15 June 1936, Page 13

BUTTER MARKET HEALTHY

SOl'NI) POSITION IN LONDON ygW INCERTAIN QUANTITIES prov.dcti h.ghrr retail prices do not eurb demand. the market for butter in London appears assured for the Jur.e-Octcucr period, according to adViC? from the London office of the jjgirj- Board. Furopcun and ether *tocks will bo short, and competition among the multiple stores has kept the retail price low. The board reports that in response to an enquire as to possible market prices for July and August, the board’s London office’ has advised as follows: “Owing to keen competition between multiple shops, retail prices so far have not advanced in relation to importers’ juicer. For example. Liptons and the Home ana Coiomal Stores, two subsidiaries of Allied Supplies. arc stil! selling at Is retail. “Germany is buying freely, particularly frem* Denmark. Russian supplies are still much below the averof recent years. Sms.l coiiMgnments of Canadian have arrived. Estimates of Canadian imports for the jeaaon vary from 5000 to 7000 tons. "If retail prices are advanced in ayropathy with importers’ prices, some check on consumption is likely, but butter now in sight for Junc-Octobcr is hardly sufficient at present consumption level. The general trend in these months, therefore, points to a continued acuve demand, particularly as Tooley (beet merchants are short of butter. This is dependent upon consumption toeing maintained at the higher retail price. The public spending power is certainly increasing. “Uncertain factors arc —Russian import.. the continuance of heavier German buying, a - *:; the effect of higner rsiail prices if the multip.e stores advance to a normal profit margin.”

RECORD BUTTER PRODUCTION

NX COOPERATIVE DAIRY COMPANY EXCEPTIONALLY GOOD SEASON IN WAIKATO tfsssa AssoclAixoii teueoram.j j HAMILTON, June 13. Returns now available covering the company's total production during las,, season show that all previous tecoids of the New Zealand Co-operative Dairy Company have been eclipsed, the increased , buder production amounting to 5410 tons. At the company s 16 butter factories outputs ranged from 1000 tons at Ngongotaha. to 6385 tons at Waharoa. At the 18 cheese factories the quantities Manufactured varied from 288 tons to 1129 tons The output of butter at Waharoa represented an increase of 21 per cent., while at the other factories substantial increases were reverted. An increased overseas demand reunited in a substantially increased outfit in casein and a greater output of powder was quickly absorbed by eveneas markets. It bag been decided by the Compaq?, on account of the improved conditions on the United Kingdom market, to make an advance of Is per lb tor butterfat, and Is lid per lb buttertot for cheese. The output of the other Waikato co-operative and proprietary company •iio increased substantially, a reflection of the exceptionally good dairy •won in the Waikato. , LONDON MARKET QUIET i ’ The New Zealand Dairy Board has Meeived the following market report toora its London office dated June 12, I9S6:— Butter—New Zealand salted Ills to 112s (June 12 1. 105s to 107s 'last week) (equals approximately 13.22 d f.0.b.); tmsalted, 112s to 114s, 106s to 108s. Australian sailed. 110s to Ills, 103s to 105s; unsaJted. Ills to 112s, 103s to *®to. Irish creamery, salted, 114s; united, 116s. Danish 97s f.0.b., 118s spot, to 112s; Dutch, salted. 106s; untahed. 308s, 99s to 103s. Polish, salted, JJto. 96s to 98s; unsalted, 103s, 96s to •to Lithuanian, salted, 107s. Market tpllet at the advance. New Zealand tetail price Is, Is Id; Danish retail Prices. Is Id. Is 2d, Cheese— New Zealand, white, 61s to •1» 6d. 58s 6d to 59s 6d: coloured, 61s to 6ls 6d. 58s to 59s (equals approximately 6.25 d fob.l. Market quiet. Zealand retail price Td. Canawhite and coloured, 64s to 68s, •** to 665; c.i.f., 62s 6d, 59s 6d. Market S Bl English factory cheese, 56s to to*, steady. 53s to 565. _ "ftperial Economic Committee’s estiSjtod stocks of all butters in store, boxes Hast year 993.133 boxes). , *»e minimum f.o.b. prices for period J®* it until further notice are: But«ld less li per cent, commission Jto lid c.i.f.e); cheese. 6id, less li CfluL commission (55s 4d c.i.f.e.).

CITY PROPERTY SOLD IjWcel of land with a frontage of ■w to Madras street, and more four chains to Fyfe street, was ,2 public auction on Saturday £1315. - purchasers were Maddren Bros. ,?Upttng and Company, Ltd., tiv* .PJtef conducted by Ford and t Ltd , on behalf of the mort-