DAIRY PRODUCE MARKETS

Hawera Star, Volume LIV, 23 March 1935, Page 4

DAIRY PRODUCE MARKETS

Cheese Values Firm Slightly During Week BUTTER QUOTATIONS DECLINE THE STATISTICAL POSITION Butter quotations: This week.—Finest 71s to 725; dull. Last week.—Finest 74s ; slow. Last year.—Finest 72s 6d. Cheese quotations: This week. —White 455, coloured 45s 6d; quiet. Last week.—White 44s 6d, coloured 455; quiet. Last year.—White 43s 6d, coloured 43s 6d. BUTTER.

In spite of the particularly sound position of London stocks (which stand atfi fi.508 (tons, compared with 8935 tons for last season) the butter market has continued to register a steady decline until to-day’s level of 71s -to 725. This decline can only he attributed to the particularly heavy shipnients of Australian butter New Zealand! ships are to date (611 tons less than for the corresponding period of last season. , Details of stocks in sight at March 1 were as follows: 1935 1934 1933 London stocks (all butters) 15,500 28,843 _o,ooo Stocks in N.Z. 20,500 22,200 25,300 N.Z. stks. aflt. 16,695 21,014 14,(3^, Tl. in sight 52,995 72,057 65,582 From the above position of stocks a recovery in values appears highly probable once the flush of Australian shipments has gone into consumption. With a market forward buyers have shown little interest during the past week and no f.o.b. sales are reported. Average London retail prices remain at Danish Is Id and New Zealand at lOd per lb. CHEESE. A quietly steady market pas obtained during the past week with values firming slightly since our last report. Coloured cheese maintains the sniad premium of 6d per cwt previously recorded. T Particularly heavy stocks of New Zealand cheese held at Home prevent any material improvement in prices, but with the smaller quantities of matured English factory cheese now coming forward, deliveries of the New Zealand article resume normal proportions and from now forward make an impression on stocks. , Position of stocks in sight at March 1 1935 1934 1933 Estim. stocks of N. Z., Aus., and Can. held

Tl. in sight 49,670 53,524 47,(32 From the above it is apparent that some little time must elapse before hectvy Uiiited Kingdom stocks are overtaken by consumption. Once these are overtaken, however, an immediate and marked improvement. in should result, for stocks m New Zealand are much lower and there is now no prospect of recovering the fall m buyers have shown little; interest and no sales are reported. Average London retail price of i e Zealand cheese remains at 6d per lb. LONDON MERCHANT’S CABLE. Messrs Henry A. Lane Ltd., Hawera, report having receive the following cabled market report from their London office: Butter.—7ls to 725; market dull and unsettled, some pressure to. sell. Cheese.—White 455, coloured 4os 6d, market quiet- ___

in London, Liverpool & Bris. N.Z. Stks. nflt. Stocks in N.Z. 17,606 12,264 19,SIX) 15,595 14,629 23,300 12,696 14,836 20,200