RAW MATERIALS. BUTTER AND CHEESE

Evening Post, Volume CXVI, Issue 75, 26 September 1932, Page 10

RAW MATERIALS.

BUTTER AND CHEESE

LONDON, 24th September. Friday's closing prices for the following raw materials, were as follow, those for 6th September being given in parentheses:— .Cotton.—Liverpool quotation, American middling,", spot 6.07 d per lb (5.88 d); October delivery, 5.74 d per lb (5.58 d). ; Rubber.—Para, 5 l-8d per lb (5%d); plantation, smoke ribbed sheet, 2 11-l6d per lb (2 21-32 d).

: Jute.—September-October shipment, £18 ps 3d per ton (£l7 15s). I i- Copra.—Septembers-October shipment, South Sea, £14 5s per ton (£l4 2s 6d)plantation Rabaul, £14 7s 6d per ton (£l4

. Linseed Oil-—£ 18 15s per ton (£18) Turpentine.—64s 3d per cwt (unchanged).

Osmiridium.—Prices unchanged.

MARKETS. QUIET

Dairy Board advices show that the London, market closed quiet for both butter and cheese on Thursday evening.

Prices for New Zealand compare as follows:— '■'■"". ■•.■■-•

' 23rd Sept. 16th Sept. '.- ■■■"■;:■ Per cwt..' Per cwt. Butter,, salt. .... lOBs-114s -112s-115s Cheese-, white ... 635-64s •• ' 655-66s Cheese, coloured . 595-60s 60s-62s

One hundred and eight shillings to 114s for butter equals 11 3-8 d per pound f.0.b., and 03s to'64s for cheese equals 6%d f.o.b. Exceptional butter made 116s pe.r cwt; exceptional coloured cheese 61s. Danish butter .closed at 121s to 124s spot, a decline of about 2s 6d per cwt on the week. Other prices were:—Australian, 104s to. 107s; Esthonian, Latvian, and Lithuanian, 96s to -300s; Siberian, 90s; South African, 100s to 102s; Dutch, unsalted, brought 121s to. 124s spot; Argentine, unsalted, 88s to 925. .' . ■ ■

- Canadianj cheese prices were: —White, 66s to 68s; coloured, 85a to 68s.

V-The'^British stock position should be reinsuring, for the weeks ended 23rd September compare as follows:—

' ' 23rd Sept., 23rd Sept., Butter., stocks . 1932 1931 K.Z O . tons ...... .3341 ' 5100 Australian, tons .. 1125 1812 The Empire Marketing Board estimate of stocks of all butters was 715,820 boxes, compared with 012,872 boxes at this time last year. . - . ■ . ■' 23id'Sept., 23rd Sept., Cheeso stocks 1932. '. 1931. N.Z., crates ... 51,834 • 05,000 Canadian, bases 165,857 131,500

' Retail prices of-New Zealand butter are Is 2d/Danish Is 3d; New Zealand cheese, Bd. .' •.:/-.-.'

"The New Zealand Producers' Co-opera-tive Marketing Association's weekly CaWed market report from London, dated 23rd September, is as follows:—"Butter: Market quiet; New Zealand 108s to" 114s, unsalted UOs to 114s; Danish 121s to 1245; Siberian,. .90s. ■ Cheese: Market quiet; New Zealand white 635, coloured 595; Canadian white aniT coloured, 66s to 695." "IMPROVING DEMAND." Messrs. Joseph Nathan and .Company, Ltd., have received the following market report from Messrs. Trengrouse and Nathan Ltd., London, dated 24th. September:— "New Zealand butter: Improving demand • first grade, 109s per cwt."