DAIRY PRODUCE

Evening Post, Volume CVIII, Issue 85, 7 October 1929, Page 12

DAIRY PRODUCE

BUTTER FIRM, CHEESE QUIET

Aujtrallan Press Association.

LONDON, sth October

-The butter position continues favourable, and holders are taking an "optimistic view. The drought on the. Continent has so seriously curtailed production that reserve stocks'are being depleted. Early shipments of butter from New Zealand are being diverted to Canada, while in Australia- the season appears to be somewhat backward. In: these conditions prices are expected to harden further. It remains, however, to be seen whether consumers "will pay the higher,, retail price which an advance will necessitate.

■ The New Zealand .Dairy Produce Board has received the following market < report from its London office, dated 4th October, with prices for the week before shown in parentheses:—. • ' ' y

Butter: New Zealand, salted. 179s to 184s (178s to 184s); unsalted, 184s to 186s (178s to 180s).; first whey, 170s (170s); second whey, 166s (1665); 170s to 184s equals approx. Is 5%d f.o.b. Prices this time last year for salted were 178s to 186s and unsalted, 186s to 1965. Deliveries New Zealand this week 850 tons. In store, 5700 tons; this time last year '3700 t°i>- s- Australian, salted, 174s to- 178s (l(3s to 1765); Argentine, unsalted, 170s to 176s to 178s (170s to 1765). Irish-cream-ery, salted, 178s to 180s1 (176s to HSs); unsalted, 180s to 182s' (178s to 180s); Danish, 196s f.0.b., 202s to 205s spot (198s to 200s-2045). Siberian, 168s to 170s (166s to 168s). Ukranian, 168s to 174s (168s to 170s). Polish, salted, 156s to 166s (148s to 1645); unsalted. 164s to 174S (160s to I ,L ,:Freilch' salted, 170s to 176s (170s >? 4 Market firm. Demand quiet. Aew Zealand retail price increased to Is lOd. : ,

/n?^ eese: evr Zealand, white, 95s to 96s (9fcJ; coloured, 94s to 955; 94s to 96s equals approx. B%d f.o.b. Prices last year 112s to 114s white;, 110s to 112s coloured. Deliveries New Zealand this week 16,387 cna^|- In ?tore' Ifew Zealand, this week, W1.758 crates; in store last year 31,000 crates. Canadian, white and coloured, 95s to 975, up to 98s (94s to 975, 95s to 975): c.ii., 97s (86s to 87s). Market quiet. Retail prices unchanged. English finest farmers, 100s to 108s (100s to 106s). Estimated stocks., all cheese at London, Liverpool, arid Bristol, at 2nd October: Canadian, 242.10 boxes; compared with last year, 182,000 boxes;. New Zealand and Australian, 74,600 crates; 39,500 crates last year. The New Zealand Producers' Co-opera-tive Marketing Association's weekly cabled market report from London, dated 4th October is as follows:—Butter: Market firm. New Zealand, l?9s to 184s; unsalted. 184s to 186s; Argentine, 170s to 1765; Irish, 178s to KOs; Australian, 174s to 1765; Danish, 203s to 2055; Siberian, 168s to 170s. Cheese: Market quiet. New Zealand, coloured, 94s to 955; white, 95s to 965; Canadian, white and coloured, 95s to 975. • /

Messrs. A. J. Mills and Co., London, under date 4th October, advise Mr. G. A. Mills, Wellington, as follows:—Butter: The market is steady. New Zealand, finest, 182s to 184s; unsalted, 184s; firsts, 178s to 180s; Danish, 192s to 104s; Australian, 176s to 178s; Irish,. 178s to ]80s. Cheese: This market is steady. New Zealand, white, 955; New Zealand, coloured, 94s to 955; Canadian, white, 95s to 90s; Canadian, coloured, 94s to 955.

Dalgety and Company, Limited, have received the following market advice from their head office, London, under date of the 3rd October. Messrs. Samuel Pago and Son report:—Butter: Market firm: Danish, 202s to 204s (200s to 2025); New Zealand, finest salted 179s to 183s (177s to 182s); Australian, finest unsalted 170s to 180 a (174s to 178s), finest salted 174s to 178s (172s to 1765), G.A.Q. 170s to 174s OliOs to-170s): - Cheese: Market slow. New Zealand cheese, white 955, to 96s (93s to 04s), coloured Q4s to 95s (93s to 945); spot price for Canadian, white 95s to 97s (94s to 975), coloured 955 • to 97s (94s to 975); P.I.F. price for Canadian, especially coloured, 96s to 97s (95s'to 90s). (Last week's quotations' shown in parentheses.)

Messrs. Joseph Nathan and Co., Ltd., have received the following cablegram from Messrs. Trengrouse: and Nathan', Ltd., London, dated 3rd October: —"New /ealan(L":byUttev, 183s per cwt.; quiet. New Zealand cheese, coloured, 05s j>cr ; cw,t.; white,; 95s per ewt'; easier tendency."