DAIRY PRODUCE.

Manawatu Standard, Volume LIII, Issue 250, 19 September 1933, Page 5

DAIRY PRODUCE.

BUTTER MARKET VERY FIRM. Joseph Nathan and Co., Ltd., have received the following cable from London, dated September 16,: —New Zealand butter, 101 s per cwt. Very firm. Cheese: White, 52s 6d per cwt; coloured, 545. Quiet. AUGUST BUTTER SHIPMENTS LESS. POSITION OF STOCKS. Shipments of butter from the Dominion by snips sailing finally in August totalled 7362 tons, compared with 8171 tons during August, 1932, a decrease of 809 tons. Last month’s shipments included 7097 tons for London, 24 tons for Manchester, 10 tons for Honolulu, 134 tons for Panama, and 97 tons for other countries. Of the butter shipped to England last month, 59 per cent. was consigned and 41 per cent, sold f.o.b. Shipments of butter from Australia for Britain last month were 2461 _ tons—less than one-half of the 4977 tons shipped during 1932. Shipments from the Argentine for Britain last month were only 8 tons, compared with 778 tons during August, 1932. Shipments of cheese from New Zealand last month totalled 6280 tons, practically all for Britain, compared with 5257 tons during August, 1932, an increase of 1023 tons. Last- month’s shipments comprised 68 per cent, white and 32 per cent, coloured; and 61 per cent, was consigned and 39 per cent, sold f.o.b. DELIVERIES AND STOCKS. Deliveries of New Zealand produce ex London cold stores last month compare as follow with those for August, 1932: August, 1933. August, 1932. Butter. Cheese.. Butter. Cheese

The position of stocks of dairy produce at the beginning of this month is shown by the Dairy Board as follows: BUTTER.

SYDNEY WOOL SALES. VERY FIRM COMPETITION. LATE RATES SUSTAINED. SYDNEY, Sept. 18. The Sydney wool sales were resumed to-day, when 12,393 bales were offered, of which 11,802 bales were sold at auction, 1269 being sold privately. Under very keen competition from Yorkshire and Japan, and good support from the Continent, the market ruled firm at the closing rates of the last Sydney series, with a hardening tendency for the best-grown wools. Greasy Merino made 23d equalling the highest price of the season so far. “ADVANCES JUSTIFIED.” In their comments on the recent Sydney wool sales Messrs Winchcombe, Carson claim that the recent advances were justified, inasmuch as the manufacturing trade is faced with a total reduction of about 700,000 bales from Australia, South Africa and New Zealand. “Japan,” they add, “has been a notably keen purchaser. Frequently at the start of a season competition has not been at full strength, millmen awaiting market developments before committing themselves. This season operations for that quarter have shown no hesitation. Consumption of* wool in Japan has evidently kept full . pace with the heavy purchases made during the past two years. Not only has the uso of wool developed internally in Japan, but she has also increased her export business. Ruling rates of money exchange have encouraged foreign customers to buy Japanese goods. A report from that country states that an order for 10,000.000 yards of woollen cloth has been placed in Japan by United States buyers. | Despite the high American tariff Japanese goods, owing to their low price, are apparently able to favourably compete with the fabrics made in the States. It appears quite probable that Japan will again _ purchase _ very heavy quantities of wool in Australia this season. “Eastern demand has certainly become a most important influence on wool prices. It is not yet by any means fully developed. China is still only a email wool consumer, despite her large population. That field, however, will probably develop rapidly at some futuro date. It looks as though ideas in that respect are held by English manufacturers. Batons and Baldwins, Ltd., a noted Yorkshire concern, is erecting a mill in Shanghai for the production of yarns. In 1932 6,540,0001 b of -worsted and woollen yarns were exported from England to China. The latter is, therefore, already a fair consumer of those products. “We see no reason to anticipate a falling off in - the inquiry for the clip. The average of 12Jd per lb for the first week’s sales in Sydney is the highest recorded in Australian currency since May, 1929.” LONDON RABBIT MARKET. LONDON, Sept. 16. Rabbits. —First large, ex store, 16s to 16s 6d.

Tons. Tons. Tons. T-ons 1st week .... . 2,183 1,412 1,150 1,485 2nd week . . 1,540 1,282 1,340 1,627 3rd week . . 2,100 1,743 1,450 1,513 4th week . . 1,646 1,526 1,275 1,190 Total . 7,469 5,963 '5,215 5,815

1933. 1932. 1931. Tons. Estimated stocks of all butters in London, Tons. Tons. including private and provincial stores and steamers not discharged 31,300 Stocks in N.Z., inincluding loaded into steamers not sailed 20,500 22,900 finally at Sept. 1 ... 4,500 3,000 3,875 N.Z. stocks afloat .... 9,839 8,564 5,940 14,339 11,564 9,815 CHEESE. The estimated stocks of cheese at London, Liverpool and Bristol are as follow: . 1933. 1932. 1931. Tons. Tons. Tons. N.Z. and Australian 9,500 3,818 7,689 Canadian 4,715 7,715 7,663 14,215 11,533 15,352 in N.Z., including steamers not sailed finally at Sept. 1 2,400 3.500 2,950 N.Z. stocks afloat ... 7,118 6,700 3,929 9,518 10,200 6,879 Total in sight 23,733 21,733 22,231