DAIRY PRODUCE.

Manawatu Standard, Volume LIII, Issue 285, 30 October 1933, Page 5

DAIRY PRODUCE.

MARKETS LOSE STRENGTH. LESSER QUANTITIES IN STORE. There was a marked decline in the price of butter on the London market last week, New Zealand salted closing on Friday at 90s to 94s a cwt., a decline of 5s to 6s on the week. Danish on. spot at 114 s to 115 s showed a similar decline. Deliveries of New Zealand butter last week were 1892 tons, compared with 1967 tons for tho j preceding \ week. The quantity of New Zealand butter in store in London at tho end of the week was only 2922 tons, including 1425 tons ex Mataroa. This represents a decline of 458 tons from the pro i vious week, and is the smallest quantity held for many months. There arc, however, some fairly large shipments due to arrive. Australian butter in store was only 450 tons. The market closed weak and irregular. The retail price of Danish butter was increased last week to Is 3d a lb, New Zealand being unchanged at Is Id. The prices Of both Danish and New Zealand butter will be reduced Id a lb this week. The cheese market is also weak. Prices declined last week, New Zealand white closing at 47s to 48s, and coloured at 46s to 475, a decline of Is to Is 6d a lb on the week. The Dairy Board’s London office reports Friday’s official closing quotations as follow, those for the previous week being shown in parentheses:— BUTTER. New Zealand. —Salted, 90s to 94? to 96s j (95s to 100 s; October 28, 1932, 96s to 106 s) ; j 90s to 94s equals approximately IG.Sd f.0.b.; unsalted, 106 s to 110 s (104 s to 112 s). J Deliveries, New Zealand, 1892 tons; ini store, 2922 tons (includes 1425 tons ex Matarca). I

Australian.—Salted, 90s, 94s to 96s (95s to 995); unsalted, 102 sto 106 s (102 sto 106 s). Deliveries, Australian, 652 tons; in store, 450 tons. Argentine.—Unsalted, 94s ex 96s (94s to 965). Danish. —93s f.0.b., 114 s to 115 s spot (100 s; 120 s). Dutch. —Unsalted, 116 s to 120 s (114 s to 118 s). Latvian: Salted, 91s to 93s (90s to 925) ; unsaltcd, 90s to 935. Siberian, 78s to. 82s (82s to 84s). Ukrainian, 78s. Lithuanian, 90s to 93s (88s to 90s). Tho board has also received the following advice from its agents in Canada:— Butter: Now York, 24 cents; Montreal, 19| cents a lb. CHEESE. New Zealand.—White, 47s to 48s (5.03 d f.0.b.) (48s 6d to 495; October 28, 1932, 68s to 695); coloured, 46s to 47s (4.9 d f.0.b.) (47s to 48s; October 28, 1932, 68s to 695). Deliveries, New Zealand, 18,573 crates; in store, 65,198 crates. 1 Australian.—White, 46s (48s) ; coloured, 45s (465). Canadian.—White, 50s to 52s (50s to 535) ; coloured, 50s to 53s (52s to 545) ; c.i.f., 46s 6d to 47s (48s 6d). Deliveries, Canadian, 14,000 boxes; in store, 171,629 1 boxes. English finest farmers’. —76s to 78s, slow (76s to 78s). AGENTS’ REPORTS. I Tho Now Zealand Producers’ Co-opera | tive Marketing Association’s weekly cabled i market report from London, dated October | 27, is as follows: —Butter: Market is weak and very inactive. New Zealand ■ finest grade, 925; first grade, 88s to 89s; Danish, ! 114 s. Cheese: Cheese market is weak, and | prices have steadily declined during tho . week. New Zealand white, 46s to 475; col- ! oured, 45s to 465. W. Weddel and Co.. Ltd.. London, report, dated October 27 :—Butter: Danish, 114s-115s. New Zealand finest, 945. Kangaroo, 945. Market slow and irregular. Cheese: New Zealand white, 475-48 s; New Zealand coloured. 465-475. Market weak. Dalgcty and Coy., Ltd., arc advised, under date October 27: —Butter, first grade, 83s to 90s: finest, 92s to 945. Cheese, 44s to 465. Both markets weak. ' Mr A. C. Rowson reports: —Choose: Now i Zealand white, 46s to 47s per cwt; N.Z. | coloured, 45s to 4bs per cwt. The demand j is steady. Butter: Ist grade, 88s to 90s i per cwt; finest grade, -92 s per cwt. The | demand is very slow.