ADVANCE OF 4/- TO 5/-.

Manawatu Standard, Volume LIII, Issue 243, 11 September 1933, Page 5

ADVANCE OF 4/- TO 5/-.

BETTER BUTTER PRICES. IMPROVEMENT IN CHEESE MARKET A further improvement was seen last week in the London butter market, prices rising on an active demand. New Zealand salted butter was quoted on Friday at 96s to 98s, an advance of 4s to 5s on the week, and the highest price recorded since last October. The Dairy Board’s report says it is expected that retail prices will be increased this week in the South of England by one penny a lb to Is 2d for Danish and Is Id for New Zealand. In the North of England many retailors are selling at a penny below the present prices.

There are indications that the active market has reduced the recent heavy stocks of butter. The quantity of New Zealand butter in store has been reduced 'to 5670 tons, compared with 9000 tons a month ago and 3434 tons a year ago. The Empire Marketing Board’s estimate of the stocks of all butters i 6 1,000,336 boxeis compared with 775,293 boxes a year ago. There was also an improvement last week in the cheese market, which closed firm on a good demand. New Zealand white cheese advanced 2s 6d to 3s 6d a cwt and coloured 2s a cwt last week. The London office of the Dairy Board reports Friday’s closing prices as follow, those for the previous week being shown in parentheses: BUTTER.

New Zealand. —Salted, 96s to 98s (91s to 945; September 8, 1932, 110 s to 113 s); unsalted, 98s to 102 s (94s to 965; September 8. 1932, 110 s to 112 s); 96s to 98s equals approximately 11.33 d f.o.b. Deliveries, New Zealand, 1963 tons. In store, 5671 tons, excludes 262 tons ex Port Pirie. Australian. —Salted, 96s to 98s ( 91s to 935); unsalted, 96s to 100 s (91s to 945). Deliveries, Australian, 708 tons. In store, 1386 tons. Danish. —98s, f.0.b.; 116 s spot (89s; 108 s Unsalted, 106 s to 110 s (105 s to 110 s). Esthonian: Salted and unsalt.cd, 84s to 88s (81ts to 83s). Latvian: Salted and unsaltcd, 84s to 88s (81s to 84s). Lithuanian : Salted and unsalted, 84s to 88s (81s to 84s). Siberian: 76s to 78s. Ukrainian: 73s to 745. . . The board has also received the following advice from its agents in Canada:—Butter: New York, 23 cents; Montreal, 17 cents a lb.

CHEESE. New Zealand. —White, 50s-51s to 51s 6d (47s 6d to 48s; September 8, 1932, 63s to 645); 50s to 51s equals approximately 5.46 d f.o.b. Coloured, 52s to 53s (5.67 d f.0.b.) (50s to 51s; September 8, 1932, 57s to 60s). Deliveries, New Zealand, 25,903 in store, 118,289 crates. Canadian. —White, 50s-54s to 56s (49s to 51s); coloured, 52s to 54s (51s to Ms); c.i.f., 53s (495). Deliveries, Canadian, 7585 boxes. In store, 103,438 boxes. English.—Finest farmers, 72s to 76s (72s to 765). AGENTS' REPORTS.

W. Weddel and Co., Ltd., London, report dated September 8: Danish butter, 116 s. New Zealand finest, 96s to 98s. Kangaroo, 96s to 98s. New Zealand white cheese, 50s to 51s; coloured, 52s to 535. Markets firm. . _

* Tho New' Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled market report from London, dated September 8, i*s as follows: Butter: Market firm. New Zealand, 96s to 98s. Danish, 116 s. Cheese: Market firm. New Zealand, white 51s, coloured 535. Mr A. C. Rowson reports dated London, September 8: Cheese: New Zealand, white, 51s to 51s 6d per cwt; coloured, 53s per cwt. Butter: New Zealand, first grade, 97s per cwt; finest grade, 98s per cwt. Good demand, with upward tendency for both butter and cheese.

STOCK MARKET. J. L. Bennett, Ltd., report on their yard sale on Saturday as follows: A good entry of pigs and poultry came forward, with a particularly keen demand for pigs, and met a ready sale. Me quote: Pigs: Weaners, 12s, .13s, 13s 6d, 14s, 15s to 17s; light porkers, 19s to 225. Poultry: Cockerels, 2s, 2s Id, 2s 3d, 3s 6d to 4s' 6d; roosters, Is, Is 6d to Is 9d; fat hens, 2s, 2s 2d, 2s 3d to 2s 9d; pullets, 3s to 3s 9d; gobblers, to 12s 6d; chicks (cockerels), 2£d, 3d to 3£d; mixed chicks, to 9d; hen and chicks, to 17s. Sundries: Posts, £6 10s per 100;. a largo quantity of roofing iron met with good competition. Fruit and vegetables also sold well.