BUTTER MARKET'

Dominion, Volume 26, Issue 31, 31 October 1932, Page 12

BUTTER MARKET'

Steadier at Lower Prices FIRMNESS IN CHEESE There was marked weakness last week in the Loudon butter market, but it steadied at the close at the lower range of prices. Now Zealand first grade declined b.v 6/-, and finest by 4/- a cwt. during the week, closing at 96/106/-, compared with 94/96/- for Australia. The cheese market was 1 firm, prices for N.Z white showing a rise of 1/6 to 2/- a cwt. during the week. Friday’s closing quotations are reported by the London office of the Dairy Board as follow, those for the previous week being shown in parentheses:— Butter. New Zealand: Salted, 96/- to 106/(102/- to 110/-; October 28, 1931, 114/to 120/-) : unsalted, 108/- to 110/-, ex. 112/- (108/- to 112/-; October 28, 1931, 117/- to 120/-);- 96/- to 106/- equals approximately 9 7-Sd f.o.b. • Deliveries, New Zealand, 970 tous. Iu store, 3400 tons. Australian: Salted, 94/- to 96/-, ex. 97/- (97/- to 100/-); unsalted, 96/- to 102/- (99/- to 104/-). Deliveries, Australian, 1135 tons. In store, 925 tons. Argentine: Unsalted, BS/- to 90/-. ex, 94/- (88/- to 92/-). Danish: 105/-f.0.b., 120/- spot (90/-; 116/- to 118/-). Dutch: Unsalted, 120/- to 122/- (120/to 122/-). Latvian: 92/- to 94/-, ex. 96/- (92/to 97/-). Siberian: 88/- to 89/- (88/- to 90/-). Lithuanian: 92/- to 94/- (92/- to 94/-). The board has also received the following advice from its agents in Canada: —Butter: New York, 201 cents; Montreal, 20j cents, per lb. Cheese. New Zealand: White, 66/- to 67/(G£d f.0.b.) (64/6 to 65/-; October 28, 1931, 68/- to 69/-) ; coloured, 59/- to GO/-, ex. 61/- (5Jd f.0.b.) (59/- to 60/-; October 28, 1931, 68/- to 69/-). Deliveries, New Zealand, 13,659 crates, tn store, 38,622 crates. South Africa: White, 59/- to 61/(61/- to 63/6) ; coloured, 54/- to 57/(54/- to 58/-). Canadian: White and coloured, 68/to 69/- (67/- to 69/-); c.i.f., 67/- (67/-). English: Finest farmers’, 96/- to 100/(96/- to 100/-)., Agents’ Reports. The New Zealand Producers’ Co-oper-ative Marketing Association’s ' weekly cabled market report from London dated October 2S is as follows: —Butter: Market steady. New Zealand, finest grade 106/-, first grade 97/-; Danish, 120/-; Siberian, 88/- to 89/-. Cheese: Market firm. New Zealand, white 66/- to 67/-, coloured '59/- to 60/-; Canadian, white and coloured, 68/- to 69/-. Mr. Thomas Gray has received the following report dated October 28 from Mr. A. C. Rowson, London: —Cheese: Deliveries, New Zealand and Australian, 13,999 crates; Canadian, 19,525 boxes. Stock, New Zealand and Australian, 21.653 crates: Canadian, 162.211 boxes. Price, white 66/-, coloured 60/-. The demand is good and the market firm. Butter: First grade, 96/-; finest, nominal.' The demand is slow and the market weak. ' LONDON SHEEPSKIN SALES Little Change in Prices Dalgety and Company Ltd. have received the following report, dated London, October 27, from their head office : — London sheepskin sale: Good attendance of buyers, with good competition and clearances. Home trade and Continental buyers principal operators. As compared with closing rates of last series, haifbreds par to 5 per cent, lower; fipe medium to good crossbred geueraily unchanged; hoggets slightly dearer; lambs unchanged. There were offered 2425 bales. Australian and New Zealand, and 4575 bales South American. The following is the range of prices:— d. d.

The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following advice from their London house, dated October 28: —Sheepskins: Prices are lower about 5 per cent, tor combing and clothing crossbred; demand keen and catalogues well cleared. Quotations are as follow’: —56/sS's. fullwoollcd sound pelts, 6Jd.: 56/58’s fullwoolled threelquarter-woolled sound pelts, s|d.: 56/58’s half-woolled sound pelts, 4|d.; 4S/50’s full-woolled sound pelts. s}d.; 4S/sO's fhree-quartor-woolled sound pelts, ,44d.; 48/50’s halfwoolled sound poltse. 4d. ; 44/46’s •full-’woolled .sound pelts. 4id.; 44/46's three-quarter-woolled sound pelts, 3Jd.; 44/46's balf-woolled sound pelts. 3Jd.: 40's full-woolled sound pelts. 4d.: 40’s three-quarter-woolled sound pelts, 3}d.; 40’s half-woolled sound pelts. 34d.; all qualities, short and shorn, 2d. to 3d. SHEEPSKINS AND HIDES Palmerston North Sale The mont.hlj- sale of wool, sheepskins, hides and tallow was held nt Palmerston North on Friday by Abraham and Williams Limited. The wool market lacked competition. With an exceptional offering of skins the market was most disappointing and on a par with recent sales in other centres values were down about -Jd per pound. Salted skins were not in much demand. Prices of hides fell Jd to Id per pound, while' calfskins also dropped in value the same amount. The tallow market was very firm. The following is the range of prices:— Wool: Fine crossbred, 3Jd to 4d; crossbred, 3d to 3}d ; inferior crossbred, Id to 2d; dead, lid to ljd; crutchings, Id Sheepskins.—Dry: Fine hoggets, 3jd to 3Jd; hoggets. 2Jd to 3d; fine crossbred, 3}d to 3}d; three-full-wools, 2Jd to 3jd; quarter-half-wools, 2|d to 24d ; shorts, ijd to IJd; pelts, Id to lid: dead, IJd to IJd; seedy. 2d to 2Jd ; damaged. IJd to 3d; inferior, damaged. Id to IJd. Salted: Pelts. 5d to 6d: damaged pelts, 2d to 3d ; spring lambs, 4<l to 9d. Hides.-—Ox: Heavy, to -Id ; medium, to ?> 5-8 d; light, to 3 3-Bd. Cow: Heavy, 31d to 3Jd ; medium, 3<}d to 3Jd : light. Sjd to SJd. Yearlings 2id to 3?d. cut 2d to 2Jd. Calf: Heavy. 5Jd to s?d: light first. 4|d to 4Jd: light second. 3 3-Sd to 4d ; light cut, 3 1-Sd to 3 3-Sd; light slippy, to 2d. Tallow:.—ln drums: First, 13/3 to 14/-: second, 11/9 to 12/9. In tins, to 11/6. Sterling Firmer New York, Oet. 28. British currencies closed strong on Friday. Sterling was firm throughout the day nnd closed at 3.251 dollars, rising by three-quarters of a cent. The Canadian dollar closed nt DO-J cents, and was up by threc-cighths of a cent.

Merino— } to full-woolled i to half-woolled 4} to 7 2| to 41 to 21 Fine crossbred, $ to fullwoolled 5 to 6-1 Medium and coarse ditto .... 31 to 5 Fine crossbred, % to halfMedium and coarse, J to halfwoollrd 3 to 4 Short and shorn 2 to 34 Lambs 4 to 61