BUTTER AND CHEESE

Dominion, Volume 26, Issue 97, 18 January 1933, Page 12

BUTTER AND CHEESE

Shipments from the Dominion LARGE INCREASE RECORDED New Zealand shipments of butter and cheese to overseas markets since the start of the current export season on August 1 last reveal a considerable increase when compared with those for the corresponding period of thp preceding year Statistics compiled by the Dairy Produce Board show that the shipments of butter from the Dominion during the month ot December amounted to 10,787 tons, as compared with 10.758 (luring the corresponding month of 1931. lor the fiv months of the season, August 1 to December 31, 1932, the exports totalled 51,925 tons, as against 42,.)10 tons lot the corresponding five months ot Idol an increase of 9415 tons. Cheese shipments for the month of December totalled 9387 tons, as compared with 9266 tons for December, 1931, while the exports for the August-December nnriod (both months inclusive) were 726 tons, as against 29,247 tons in 1931 —an increase of 4479 tons. The destinations ot shipments of butler and cheese from August 1 to December 31, 1932 and 1931, are as follow:—

Shipments from Australia to the United Kingdom last month totalled 12,111 tons of butter and 867 tons of cheese as against 12 494 tons of butter and 432 tons ot cheese in December, 1931. For the five months ended December shipments totalled 48,055 tons of butter and 2437 tons of cheese, as compared with 39,219 tons of butter and 1400 tons of cheese for the August-December period of 1931. At the. start of the present season Australia announced its intention of holding back 20 per cent, of its exportable surplus of butter with the object of regulating shipments. Such a policy has been pursued by the New Zealand Dairy Control Board for some time past, although it had not previously been attempted by Australia. Dairying production in Australia was heavy at the start of the current season, but recent drought conditions have’ seriously affected the output of dairy produce. Latest advice received bv the Dairy Board is to the effect that Australia!intends to no longer regulate shipments this season, but to export produce as it becomes available. P ' From the Argentine 2465 tons of butter were sent to thp United Kingdom in December and for the August-December period shipments totalled 5700 tons. In 1931 2112 tons were sent to Britain in December and the tonnage for the Aug-ust-December period of 1931 amounted to 72 The position of stocks of dairy produce as nt January 1, 1933, is ns follows :—

FOREIGN EXCHANGES Latest Quotations Compared London, Jan. 16. The following rates ou foreign exchanges wore current to-day, compared with those ruling on January 13:—

£95 to £96 per £lOO sterling. •Nominal. GOLD AND SILVER. London, Jan. 16. Silver.—Cash, 16 7-8(1. pct ounce; forward, 16 15-1 Gd. Gold. —-£6/2/81 per fine ounce. NEW ZEALAND INSURANCE One Shilling Per Share Dividend Word was received by the Stock Exchange Association yesterday that a dividend of one shilling per share for the half-year ended November 30. 1932, had been declared by Ihe New Zealand Insurance Company.

AUCTION DIARY TO-DAY. Showgrounds, Pending. 12.39 p.m.—Annual Stud Sheep Sale (Manawatu L.S. Auets.). Cuba St., 1.30 p.m.—Radio sets (Silverstone). Upper Hint Stock Sale (Dalgety & Co.). 15 Upland Crescent. 1.30 p,m.—Player piano, furniture, etc. (Ramsey Wilson). Johnsonville .fat .slock sale, 1 p.m. (W.S. and Co. and A. & W. Ltd.). TO-MORROW. Queen St., Palmerston North, 2.30 p.m.— Sale Oroua Downs farm (Dalgety and Co.). FRIDAY. Trcnthani National Thoroughbred Yearling Sale (W.S. & Co., I’yiio. Gould & Guinness. IT. Chisholm & Co.) Gleiiside. Johnsonville. 1.30 p.m.--Unre-served Clearing Sale a/c J. Taylor, Esq. (W.S. & Co.)

butter. 1032. 193L Tons. Tons. London • • ■ • • •: ■ • • • Avonniouth and Cardiff .. ..OM 33,656 1,526 1,825 LuvlpOOl •• o 703 1,470 1,611 13 Jlanchestcr • Glasgow •>-bi Canada • • r * * * SO 121 J TOH 0111J 11 ■ ’ ’" * «)»')(} 138 Panama •.. • • iflg 150 Other countries •••••••••• Total tons 51,925 42,510 CHEESE. . ”71 London • • • . Avonniouth and Cardiff .. Liverpool 23,620 1,605 1,269 1,103 Manchester -’ AP .. riac<rnw 1,320 Glasgow .....»•••••• • 17 ' 30 Other countries Total tons 33,726 29,247

buttf.k. 1933. Tons. 1932. Tons. 1931. Tons. Estimated stocks of all butters iu London, including wrivate and provincial stores and steamers not discharged 25,000 20,000 9,700 Stocks in N.Z., inincluding loaded into steamers not sailed finally at January 1 N.Z. stocks afloat ... 20,700 14,966 15,250 14,100 16.350 11,954 35,666 29,350 28,304 — • — CHEESE. Estimated stocks at London, Liverpool and Bristol: — 1933. 1932. 1931. Tons. Tons. Tons. N.Z. and Australian Canadian ■5,054 6,770 4.164 7,777 4,943 9,352 11,824 11,941 14,295 — Stocks tn NX, including steamers i not sailed finally at January 1 .... N.Z. stocks afloat .. 10.4-00 12,0'02 15,700 13,735 14,786 12,784 — —— ■ " — ———— 32,362 29.435 27,570 -" Total in sight .. 44,1S6 41,376 41,865 The following arc i the stocks of butter and cheese held in i Canada at January 1:— 1933. 1032. 1931. Tons. Tons. Tons. Butter Cheese 9,075 5,778 10,687 5,207 9,671 7,219 Taking into account Canadian i cheese, both in Canada and U.K., the position shows: — 1933. 1932. 1931. Tons. Tons. Tons. Jn Canada • United Kingdom .... 5.77S 6,770 5.207 7,777 7.370 9,352 ————— — — 12,548 12,984 16,731 r — — • The following arc the stocks of butter and cheese held in U.S.A. at January 1 1933. 1932. 1931. Tons. Tons. Tons. Butter 9.841 11,894 28.281 Cheese .. 25,781 24,899 28,286

Jan. 1G. Jan. 13. Par. N. York, dol.. to tj 3.351 3.35} 4.8611 Montreal, dol. to £ 3.80} 3.7S2 -l.SGG Paris, fr. to ,-C Sti 85 7-8 124.21 Brussels, bel. to £ 2-1.24 24.19} 35.00 Geneva, fr. to £ IT T-.1G 17.42} 25 225 Anist’dam, fl. to £ 8.35} 8.35 12J07 Milan, lire to X* (15 9-1G C5 7-16 92.40 Berlin, mks. to £ 14.12114.101 20.43 St’holm, knr. to- £ IS 3-8 18 5-1G 18.159 C’hagen. knr. to £ 20 3-32 19 13-16 18.159 Oslo, knr. to £ 19.5 19 7-16 18.159 Vienna, schgs. to *28.5 •2S.5 34.585 Prague, knr. to £ '113} 113 164.25 ITtTfors, mks. to £ 227.5 327.5 193.23 Madrid, pes. to 411-S 41 25.225 Lisibon, esc. to £ lit) 110 110 Athens, draeh. to G25 025 375 Belgrade, din. to £ 249 '■ 2 JO 276.31 Bucharest, lei to £ 570 570 813.60 Rio de .T., p. to mil. *5 3-8 *5 3-8 5.899 B. Aires, p. to peso 42.5 42.5 47.62 M. Video, p. to peso •30 *30 51 Calcutta, p. to rup. IS 3-1G 18 3-16 IS Shanghai, ip. to’ tael 203-10 19 29-33 —. II.-Kong, p. to dol. 15} 1515-32 —— Y’hama. p. to yen 14 7-8 14 7-S 24.582 Batavia, gi. to £ —. 8.351 12.107 The South African rate is quoted at