DAIRY PRODUCE

Dominion, Volume 28, Issue 123, 18 February 1935, Page 12

DAIRY PRODUCE

London Butter Market Quiet CHEESE PRICES STEADY The Loudon butter market closed quiet on Friday, New Zealand salted being quoted at 88/- to 90/-, after touching 93/at the beginning of the week. The quantity of New Zealand butter m store in London at the end of the week was 5325 tons, compared with 6300 tons a year ago. Deliveries during the week were 2182 tons-, compared with 2927 tons for the previous week. Australian butter in store in London totals 3745 tons, compared with 7550 tons a year ago. Australian deliveries last week were 3068 tons, as against 2427 tons for the previous ' V< The Dairy Board’s London reports that butter shipments to New York during the previous week were 22,600 Last week estimate approximately 10,000 boxes, although no sales, reported—probably carry-over of previous week’s sales. . The board has also received the following advice from its agents in Canada : — Butter: New York. 36J cents; Montreal, 25 cents a-lb. U.S.A, stocks, 8475 tons (last year 33,926 tone) ; Canadian stocks, 9975 tons (last year 6428 tons). Retail prices of butter in London are unchanged at lid. a lb. for New Zealand ami 1/2 for Danish. The Dairy Boards London othee reports Friday’s oflieial closing quotations as follow, those for the previous week being shown in parentheses:— Rutter. New Zealand, salted, SB/- to 90/- (88/to 90/-; February 14, 1934, 69/-70-) ; 88/- to 90/- equals approximately 10.36 d. f.o.b. Unsalted, 94/- to 96/- (94/- to 9'6/-; February 14, 1934, 72/- to 74/-). Australian, salted, 88/- to 89/- (88/to 89/-); unsalted. 92/- to 93/- (92/-). Argentine, unsalted, 92/-. Danish, 94/- f.0.b.; 115/- to 116/- spot 199/-• 120/-). Dutch, unsalted, 103/- to 107/- (103/to Lithuanian, salted, 90/-; unsalted, 98/-. • Cheese. New Zealand, white, 48/6, 49/- to 49/6 (47/6 to 48/-; February 14, 1934, 43/to 43/6); 48/6 to 49/- equals approximately 5-Jd. f.o.b. Coloured, 48/6 to 49/-(-17/- to 48/-; February 14, 1934, 46/-). Deliveries. 20,131 crates; in store, 128,956 crates. Australian, white, 47/- to 47/6 (46/-) ; coloured, 46/6 to 47/- (45/6 to 46/-). Canadian, white, 60/- (58/- to 60/-); coloured, 60/- to 62/- (59/- to 60/-). Deliveries, Canadian, 5336 boxes. In store, 108,163 boxes. English finest tanners, 82/- to 90/(82/- to 90/-). English factory cheese, 40/- to 45/- (44/-). Minimum Prices. The Dairy Board has fixed the minimum prices for f.o.b. and c.i.f. sales from February 16 on the basis of IOJd. for butter and 5 3-Bd. for cheese, subject to agents’ selling commission of li per cent. These prices are equivalent to 83/6 a cwt. c.i.f.e. for butter and 46/10 c.i.f.e. for cheese. Agents’ Reports Mr. Thomas Gray has received the following cable from Mr. A. C. Rowson, dated London, February 15:—Cheese: New Zealand, white and coloured, 48/6 per cwt. Butter: New Zealand, finest grade, SB/- per cwt. Both markets slow. A. 11. Turnbull and Co., Ltd., have received the following cable from their principals, VZ. IVeddel and Co., Ltd., dated London, February 15 : —Butter market quiet. Danish, 115/-. New’ Zealand finest, 88/-. Kangaroo finest. 87/-. Cheese market steady. New Zealand, white, 49/-; coloured, 49/-. The New Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled market report from London dated February 15 is as follows: —Butter market quiet. New Zealand, finest grade, 88/- to 89/-; first grade, 87/- to 88/-. Danish, 116/-. Cheese market steady. New Zealand, white and coloured, 48/6 to 49/-.

RAW MATERIALS Last Week’s Closing Rates By Telegraph.—Press Assn.—Copyright. (Received February 17, 6.30 p.m.) London, February 16. Friday's closing prices for the following raw materials were as follotv, those for February 8 being in parentheses:— Cotton: Liverpool quotation, good American middling, spot, 1 7.06(1. a lb. (7.05 d. ; March delivery, 6.86 d. a lb. (6.89 d. Rubber: Para, 4 5-Bd. a lb. (same); plantation smoked ribbed sheet, 6 3-Sd. a lb. (same). Jute: February-March shipment. Indian jute. Dundee quotation, £l7/6/3 a ton (£l7/10/-). “ Copra: March-April shipment, South Sea to London or Rotterdam, £l2 a ton (same) ; smoked, Marseilles or Genoa, £l2/5/- a ton (same) ; plantation Rabaul, London or Rotterdam, £l2/15/- a ton (same). Linseed oil: £22/15/- a ton (£2l is/-’’-Turpentine: 48/- a cwt. (47/6). Base Metals Market By Telegraph.—Press Assn.—Copyright. (Received February 17, 6.30 p.m.) London'. February 15. The official Londou (middle) quotations for Friday, as reported by the Australian Mines and Metals Association, compare as under with those previously cabled :— Feb. 14. Feb. 15. Per ton. Per ton

Prices of Other Metals. London, February 15. To-day’s quotations for other metals, 'with those of a week ago in parentheses, are as follow Pig iron: Home trade. £3/7/6 « ton (same): export. £3/2/6 a lon (same). Antimony: British. £77/10/- n Joe ignnie): foreign. £59/10/- n ton ( £5B/5/-). .Alolvbdenltc: 31/6 a unit (same). AVoifram. 38/- :< unit (37/61. Osnilridium: Nominally £9 Io £ll an ouuce (same). AUCTION DIARY TO-DAY. 13 Evelyn Place, 1.30 p.m.—Furniture (Johnston). to-morroav. Palilatua, 2 p.m.—Farm and house propertv (Loan and Mercantile). 8 AVlUeslon St., 10 a.m.—Unclaimed cargo (Johnston). Levin sale. 11.30 a.m. (Abraham and Williams). , WEDNESDAY. 20 Hunter St.. 2.30 p.m.—Property (Bethune). Johnsonville fat stock sale 1 p.m. 10 -Hector St., Scatouu, 10.30 a.m.—Plants (Johnstone)

(Topper— ,e ?. d £ 8. d Standardd > 7* 27 i) 74 Standaal. forward 27 111 7.1 27 10 7i Electrolytic 30 10 (1 30 0 to 30 12 (1 30 15 0 Wire burs ...... 30 12 (> 30 13 0 (.end— Spot 10 3 9 10 3 9 Forward 10 10 0 10 10 0 Spelter— Spot 11 IS 9 11 IS 9 Forward , 12 3 9 12 3 9 Tin♦Spot 227 12 9 2*28 7 1) Forward 9 224 17 G silver— Standard, per oz. . 21 5-Sd. 24 ' 13-ltid. Pine 20 9-lOd. ♦American. 49.(15 cents a 205 d. lb.