DAIRY PRODUCE

Dominion, Volume 29, Issue 221, 15 June 1936, Page 12

DAIRY PRODUCE

Butter Steady at 111/CHEESE QUIET After rising sharply to 112/- a cwt. for New Zealand finest salted butter in the early part of last week the London market quietened, but is now reported steady at 111/-. The New Zealand retail price is now 1/- and 1/1 a lb with Banish at 1/1 and 1/2 a lb. Deliveries of New Zealand butter last week totalled 1652 tons, compared with_l43B tons for the previous week and Hu7 tons a year •vo Australian deliveries were 132 S tons, against 1552 tons a year ago The imperial Economic Committees estimated stocks of all butters ill store is 714 097 boxes, compared with .1.1.1,13., boxes a year ago. New Zealand stored butter amounts to 4800 tons, including 443 tons ox the Mahana, compared with 4399 tons for (lie previous week and GOSS tons a year ago. Australian butter m store totals 4577 tons against 5385 tons a year "'"The cheese market, which also advanced sharply at the beginning of last week, is now quiet, with New Zealand white and coloured at 61/-. Deliveries of New Zealand cheese last week totalled 18,9.,.i crates, against 15.131 crates a year agm while the quantity in store is Ji,3oi crates, compared with 165,160 crates a vear ago. Canadian deliveries were 5527 boxes, against 5110 boxes a year ago. the quantity now in fdor_e_ being 45.401 boxes compared with 4i,2.i.j boxes a year ago. The Forward Position. In response to an inquiry as to possible market prices for July and August, the Dairy Board's London office lias advised as follows:— Owing to keen competition between multiple shops, retail prices so far were not advanced in relation to importers’ prices. Example: Liptons and Home and Colonial Stores, two subsidiaries of Allied Suppliers, are still 1/- retail. . , , Germany is buying freely, particularly from Denmark. Russian supplies are still much below the average of recent years. Small consignments of Canadian have arrived. Estimates of Canadian imports for the season vary from 5000 to 7000 tons. If retail prices are advanced in sympathy with importers’ prices we believe some check on consumption is likely, hut butter now in sight tor June-October is hardly sufficient at the present consumption level. The general trend these months therefore points to a continued active demand, particularly as Tooley Street merchants are short of butter. This is dependent upon consumption being maintained at a higher retail price. Public spending power is certainly increasing'. Uncertain factors are: Russian imports, continuance of heavier German buying, and the effect of higher retail prices if multiples advance to normal profit margin. The Dairy Board’s London office reports last week's closing quotations as follow, those for the previous week being shown in parentheses: — Butter. New Zealand, salted (equals approximately 13.22 d. f.0.b.), 111/- to 112/(105/- to 107/-; June 12, 1935, 86/-); unsalted, 112/- to 111/- (106/- to 108/-; June 12, 1935, 83/- to 86/-). Australian, salted, 110/- to 111/(103/- to 105/-) ; uns'alted, 111/- to 112/- (103/- to 101/-). Irish creamery, salted, 1.14/-; unsalted. 116/-. Danish. 97/-. f.0.b., 118/- spot (92/and 112/-). Dutch, salted, 106/-; unsalted, 108/(99/- to 103/-). Polish, salted, 102/- (96/- to 98/-) ; unsalted, 103/- (96/- to 98/-). Lithuanian, salted, 107/-. Cheese. New Zealand, white _antl . coloured (equals approximately 6.85 d. f.0.b.), 61/to 61/6 (58/6 to 59/6; June 12, 1935, 41/-). Canadian, white and coloured, 64/- to 68/- (64/- to 66/-) ; c.i.f., 62/6 (59/6). English finest farmers’, not quoted. English factory cheese, 56/- to 60/(53/- to 56/-). Minimum f.o.b. Prices Higher. The Dairy Board has fixed the minimum prices for f.o.b. and c.i.f. sales on the basis of: Butter, 13jd.;. cheese, 6jd. The minimum prices are subject to agents’ selling commission of 1} per cent. The prices are equivalent, to 109/11 c.i.l'.e. for butter and 55/4 c.i.f.e. for cheese. Agents’ Reports. The New Zealand Producers’ Co-opera-tive' Marketing Association's weekly cabled market report from London dated June 12 is as follows: —Butter: Market quiet. New Zealand, 111/-; Danish, 118/-. Cheese: Market quiet. New Zealand, white, 60/- to 61/-; coloured, 61/-. Joseph Nathan and Company, Ltd., have received from their principals, Trengrouse and Nathan, Ltd., London, the following cabled advice, dated June 12: —-New Zealand butter: Some business at 110/-, market closing at 111/-, steadier. New Zealand cheese: 60/- to 61/-. Quiet. A. 11. Turnbull and Co., Ltd., have received the following cable from their principals, W. Wed del and Co., Ltd., dated London, June 12: —No demand. Butter: Danish, 118/-; New Zealand, finest, 111/-; Kangaroo, finest, 110/-. Cheese: New Zealand white and coloured, 61/-. Mr. Thomas Gray has received by cable from Rowson and Co., Ltd., London, the following:—Cheese: White and coloured, 61/- per cwt.; market slow. Butter: Finest grade. 111/- per cwt.; market steady.

Apples and Pears in London By Telegraph—Press Assn.—Copyright (Received June 1-1, 6.30 p.m.) London, June 13. Apples arc easier. Australian; Jonathans, (>/- to 8/- a ease; Cleopatras, 5/6 to 7/(5; Coxes, 10/- to 24/-; Stumers 6/- to !)/-. , Pears are m good demand. New Zealand, ex Rangitata, Nelis, 9/- to 12/- a ease. Australian, Coles, 10/- to 12/6 a case; Nelis, 10/- to 14/-. AUCTION DIARY TO-DAY. Jolmsonvlllo Store and Dairy Stock Sale, 12.3(1 p.m 100 Head Cattle (Wright Stephenson). 252 The Terrace. 1.30 p.m.—Contents of Superior Furnished Residence (Silverstone and Co.). 8 Willeston St.. 1.30 p.m.—General House, hold Furnishings (E. Johnston anil Co.). TO-MORROW. Tin- Ritz Ltd.. .Manners St., 1u.15 a.m.— Restaurant and lintel Furn. anil Equipment (E. Johnston nml Co.). Levin Sale. 11.30 a.m.—Mixed Stock. On tim Farm, Orona Downs, 11.30 a.m.— Unreserved Clearing Sale, a/e Mr. S. W. Curran (Loan and Mercantile). At Illi- Homestead Rapanui, Wanganui, P’3o p.in.—Unreserved Dairy Sale, a/e G 11. Handley. Esq. (Dalgety and Co.. and F. It. Jackson). Makino. 12.3(1 p.m.—Unreserved Sale of Tairnngn Pedigree Jerseys, a/e Mr. P. R. Simpson (N.Z. Farmers’ Distrib. Co., ami Levin .-mil Co.). WEDNESDAY. Masferton Sale, 10.30 a.m.—609 sheep. 8 Willeston St., 10.30 a.m.—Unclaimed cargo (E Johnston and Co.). On the Farm, Main Rd.. Ihakara, Levin, 12.30 p.m.—Unreserved clearing sale a/e. Mr. T. Bleakley (Abraham and Williams). Johnsonville Fat Stock Sale, 1 p.m.—Mixed stock (Wright. Stephenson). 153-155 Featherston St., Wellington, 2.30 p.m.—Property (13 Ingestre St., Wanganui) (Gordon Harcourt). 153-155 Featherston St., Wellington. 2.30 p.m.—Property (218 Victoria Avenue. Wiingiiniil) (Gordon Harcourt). At (he District Lands ami Survey Office. Wellington, 2.30 p.m. —Sections situated in Borough of Ohakune (Comm. Crown Lauds),