DAIRY PRODUCE

Dominion, Volume 29, Issue 197, 18 May 1936, Page 12

DAIRY PRODUCE

Both Markets Firm BUTTER AT 96/There was a further improvement in the Loudon butter market last week, and New Zealand finest closed firm at up to 96/- a cwt., a rise of 7/- on the week. Deliveries of New Zealand butter last week totalled 1968 tons, compared with 2053 tons for the previous week and 1967 tons a year ago. Australian deliveries were 2186 tons, compared with 1772 tons It year ago. The Imperial Economic Committees estimated stocks of all butters in store is 534,485 boxes, against 826.161 boxes a year ago. New Zealand stored butter amounts to 4472 tons, including 851 tons ex the Australia Star, compared with 4176 lons for the previous week and 7095 lons a year ago. Australian butter in store totals 4043 tons, against 7874 toys ’ The" cheese market also continues firm, prices showing an advance of 1/- to 1/6 on the week. Deliveries of New Zealand cheese last week totalled 20,006 crates, against 22.474 crates a year ago, while the quantity in store is now 99,39< crates, compared with 169,620 crates a year ago. Canadian deliveries were 4680 boxes, against 5219 boxes a year ago, the quantity in store being 63,716 boxes, compared with 62,785 boxes a year ago. _ The Dairy Board's London office reports last week's closing quotations as follow, those for the previous week being shown in parentheses: —■ Blitter. New Zealand, salted (equals approximately 10.995(1. f.0.b.), 93/- to 95/(BS/- to 89/-; May 15. 1935, 77/- to 78/-) ; unsalted, 93/- to 95/- (88/- to 89/-; May 15, 1935, 78/- to SO/-). Australian, salted, 92/- to 94/- (S7/to 88/-). _ Danish. 82/- f.0.b., 102/- spot (i 9- and 100/- to 101/-). Dutch, unsalted, 85/- to 88/-, up to 90/- (84/- to 86/-). . Siberian, salted, 89/- to 92/- (Bi/-). Polish, salted, 83/- in 84/- (82/- to 83/-) ; unsalted, 83/- (82/-). Cheese. New Zealand, white (equals approximately 6.35 d. f.0.b.). 57/6 up to 58/(56/6; May 15. 1935, 43/6 to 44/-); coloured (equals approximately 6.06 d. f.0.b.). 55/- to-55/6 (54/6 to 55/-; May 15. 1935. 44/6 to 45/-). Australian, white. 56/-. Canadian, white. 62/- to 64/- (62/- to 64/-) ; coloured. 65/- to 66/- (65/- to 66/-). English finest farmers': Stocks practically cleared : prices nominal. English factory, 52/- to 54/- (19/- to 54/->. Minimum f.o.b. Prices. The Dairy Board has fixed the minimum prices for f.o.b. and e.i.f. sales on the basis of: Butter, 11 pl.; cheese, 6d. The minimum prices are subject to agents’ selling commission of 1J per cent. The prices are equivalent to 92/10 c.i.f.e. for butter and 51/6 c.i.f.e. for cheese. War Risk. The board has been advised by its London office that war risk has been reduced to sd. per cent, not for shipments after the Rotorua, subject to alteration without notice. Agents’ Reports. The Bank of New South Wales has received the following cabled advice from its London office, dated May 15: —Butter, 98/-; cheese, while 58/-, coloured 55/6. Joseph Nathan and Co., Ltd., have received from their principals. Trengrouse and Nathan Ltd., London, the following cabled advice, dated May 15: —New Zealand butter. 95/- to 96/-. Market firm. New Zealand cheese: White, 57/6 to 58/-: coloured, 55/-. Market firm. The New Zealand Producers’ Co-opera-tive Marketing Association's weekly cabled market report from London dated May 15 is as follows: Butter: Market firm. New Zealand. 95/-; Panish. 102/-. Cheese: Market firm. New Zealand, white 57/6 to 58/-, coloured 55/6. Mr. Thomas Gray has received the following cable from Rowson and Co., Ltd., dated London. May 15:—Cheese: New Zealand, white 58/. per cwt., coloured 55/- per cwt. Butter: New Zealand, first grade 94/- tier cwt., finest grade 95/- per cwt. Both markets firm. A. H. Turnbull and Co.. Ltd., have received the following cable from their principals, W. Weddel and Co.. Ltd., dated London, Muy 15: —Roth markets firm. Butler: Danish. 102/-: New Zealand finest. 95/-; Kangaroo finest, 94/-. Choes?: New Zealand, white 57/-, coloured 55/-.