DAIRY PRODUCE.

Manawatu Standard, Volume LIII, Issue 231, 28 August 1933, Page 5

DAIRY PRODUCE.

LITTLE CHANGE IN BUTTER. CHEESK SLOW. There was very little change last week in the London butter market, which closed steady on Friday, when New Zealand sailed was quoted at 89s to 91s, a decline of Is a cwt on the week. Deliveries of New Zealand butter last week were 1616 tons, compared with 2100 tone for the previous iveek, and 1540 tons a fortnight ago. The quantity of New Zealand butter held in store in London was 6325 tons, compared with 6700 tons at the end of the previous week, and 7775 tons a fortnight ago. The Empire Marketing Board’s estimate of the stocks of all butters in storo was 1,238,396 boxes, compared with 859,936 boxes a year ago. The retail price of Now Zealand butter in London is unchanged at lid, and that of Danish at Is Id a lb. The cheese market is dull and slow. New Zealand white on Friday was quoted at 47s to 48s. a decline of 2s, and coloured at 50s to 51s 6d, a decline of Is 6d a cwt on the week.

The Dairy Board’s London office reports Friday’s closing quotations as follow, those for the previous week being shown in parentheses:— BUTTER.

Now Zealand.—Salted, 89c, 91a to 92s (90s to 925; August 25, 1932, 107 s to 110 s); unsaltcd, 92is to 94s (92s to 965; August 25, 1932, 106 s to 110 s); 89s to 91s equals approximately 10.45(1 f.o.b. Deliveries, New Zealand, 1646 tons; in store, 6325 tons (includes 500 tons ex Otira and Rotorua). Australian. —Salted, 89s to 91s (90s to 925); unsalted, 90s to 925, ex. 94s (90s to 945). Deliveries, Australian, 865 tons; in store, 2000 tons. Danish. —85s f.0.b.; 105 s spot (85s; 104 s 6d). Dutch.—Unsaltcd, 104 s to 108 s (102 s to 106 s). Esthonian: Salted and unfialted, 82s to 84s (82s to 84s). Latvian; Salted _ and unsaltcd, 82s to 84s (82s to 84s). Lithuanian: Salted and unsaltcd, 82s to 84s. Siberian: 74s (74s to 755). Polish: 72cs (725). The board has also received the following advice from its agents in Canada: —Butter: New York, 221, cents; Montreal, 18i cents a lb.

CHEESE. New Zealand.—White, 47s to 48s (5.03 d f.0.b.) (49s to 50s; August 25, 1932, 62s to 635); coloured, 50s to 51s 6d, ex. 52s (5.45 d f.0.b.) (51s 6d to 535; August 25, 1932. 57s to 58s). Deliveries, New Zealand, 21,365 crates; in store, 130,859 crates. Canadian. —White, 62s to 68s (62s to 68s); new eeason 's, white, 50s to 52s (50s); coloured, 51s to 54s (525); c.i.f., 48s 6d (51s). Deliveries, Canadian, 4150 boxes; in store, 99,000 boxes.

English.—Finest farmers’, 70s to 74s (65s to 70s). AGENTS’ REPORTS.

Mr A. C. Rowsor reports dated London, August 25: —Choose: White, 47s per cwt.; coloured, 50s. Butter: Finest grade, 90s per cwt. Both markets weak, but expect reaction. W. Weddcl and Co., Ltd., London, report dated August 25: —Danish butter, 105 s; New Zealand finest, 89s to 91s. Kangaroo, 89s to 91s; market steady. Cheese: New Zealand, white, 47s to 48s; coloured, 50s to 51s; market slow. The New Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled market report from London, dated August 25, is as follows:—Butter: Market slow. New Zealand, 89s to 91s. Danish, 105 s. Cheese: Market slow; New Zealand, white, 47s to 48s; coloured, 50s to 51s.

LONDON HIDE MARKET. DULL AT PRESENT. In their weekly circular, dated London, July 20, Messrs W. Weddel and Co., Ltd., write of the hide market as follows: — An extremely dull position exists at present, as the market is very slow with most buyers holding back, yet in the Plate and in North America substantial advances have been made. Frigorifico ox hides have established the price of cents Arg., which is about 6j,d, and have buyers at 32i cents, with sellers at 33 cents (about 6 11-16 d). We are still some way off the high price reached in the early part of June, namely, 343 cents, but, nevertheless, the equivalent in American currency of purchases of Argentine ox hides at 321 cents is considerably higher. . This, of course, being entirely due to the U.S.A. being off the gold standard with a much depreciated currency. At Leeds and Manchester this week there were again slight advances for most grades of hides. Fundamentally (he market is really sound, but unfortunately leather is not selling as easily as tanners anticipated, and in spite of the firmer market for raw material a good deal of difficulty is being experienced in making sales of leather, even at last prices, while to establish advances is almost impossible. The consuming end is apparently the cause of tho trouble, but it is to be hoped that this obstacle will soon be overcome, since there should be a tendency on the part of the public to buy more freely the moment it is generally understood that, footwear is likely to bo" dearer. With miscellaneous _ and colonial descriptions there is a practically dead market. Shippers have offered very little, and prices on the whole are about unchanged. STOCK MARKET REPORT. The yards of the Dominion Auctioneering Co." were fully taxed for their weekly pig and poultry sales held on Saturday. Nearly 300 pigs were entered and with a full bench of buyers present the competition was consequently very keen. _AH lines were cleared at the following pr:ces: Weancrs. small Us to 12s 6d, good 14s to 16s 6d: slips, 13s to 17s 6d: stores, small 18s to 20s 6d, medium 21 6d to 28s 6d, heavy to 31s; porkers, to 33s 6d; Tamworth boar,' 41s. Poultry: W.L. hens, laying, 5s 2d to 6s 4d per pair: 8.0. bens, 5s 6(1 to 6s 6(1 per pair: cockerels, 5s to 8s 6d per pair: ducks; 4s to 6s per pair; hens and chicks, 16s to 18s.