DAIRY PRODUCE.

Manawatu Standard, Volume LIV, Issue 284, 29 October 1934, Page 5

DAIRY PRODUCE.

BUTTtR DEFINITELY IMPROVES, CHEESE MARKET FIRM.

There was a definite improvement in the London butter market last week, possibly duo to the improved in store position, and all butters appreciated in price. New Zealand salted butter prices showed an increase of 5s over the previous week, closing firm at 69s to 71s. Spot prices for Danish butter rose from 112 s to 120 s, and the retail price was increased Id to Is 2d. Deliveries of Now Zealand butter last week- totalled 2263 tons, compared with 2582 tons for the previous week, and 1892 tons a year ago. The quantity of New Zealand butter in storo is rapidly decreasing, and last week was 6399 tons, compared with 9810 tons a month, ago, and 2922 tons a year ago. The cheese market continued firm last week, prices rising 3s to 4s on tho previous week, with Now Zealand whito closing at 51s 6d to 525, and coloured 50s to 51s. Deliveries of New Zealand cheese last week totalled 18,332 crates, compared with 18,573 crates a year ago, while the quantity in store was 100,923 crates, against 65,198 crates a year ago. Tho 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, 69s to 71s, ex. 72s (64s to 665; October 26, 1933, 90s to 945); 69s to 71s equals approximately 7.95 d f.0.b.); unsalted. 74s to 78s (74s to 765: October 26, 1933, 106 s to 110 s). Deliveries, New Zealand. 2263 tons; in store, 6399 tons (including 625 tons ex Akaroa). „„ ... Australian. —Salted, 69s to 70s (64s to 655); unsalted, 68s to 70s (64s to 68s). Deliveries, Australian, 1152 tons; m store, 3265 tons. , , Danish.—99s f.0.b., 120 s spot (90s, 112 s). Dutch. —Unsalted, 66s to 76s (665; to 765). Esthonian: Salted and unsalted, 66 s to 68s (60s to 625). Latvian: Salted, 66s to 68s 60h to 625); unsalted, 66s to 70s (60s to 62e). Siberian: Salted, 63s (61s. /° 62®)• Ukrainian: Salted, 63s (60s). Lithuanian: Salted, 66s to 68e (60s to 625). The board has also received the following advice from its agents in Canada: Butter: New York, 27i cents; Montreal,

193 cents. CHEESE. New Zealand.—White, 51s 6d to 52s (5.55 d, f.0.b.) (48 s 6d to 495; October 26 1953, 47s to 48s); coloured, 50s to 51s (5.48 d f.0.b.) (48s 6d to 48s; October 26, 1933, 46s to 475). Deliveries, New Zealand, 18,332 crates; in store, 100,923 crates. Canadian. —White, 51s to 535; old sea-

son’s, 68s (51s to 525; 66s 8d); coloured, 52$ to 535; old season’s, 62s (49s to 51e; 60s 2d). Deliveries, Canadian, 13,271 boxes; in store, 114,326 boxes.

English finest farmers.—B2s to 88s (82s to 88s). AGENTS’ REPORTS.

W. Weddel and Co., Ltd., report dated London, October 26: —Both markets firm. Butter: Danish, 120 s; New Zealand, finest, 68s to 71s. Kangaroo finest, 68s to 70s. Cheese; New Zealand, white, 51s fid to 525; New Zealand, coloured, 49s 6d to 51s.

Tho New Zealand Producers’ Corporative Marketing Association’s weekly cabled market report from London dated October 26 is as follows:—Butter market firm. New Zealand, finest, 69s to 71s; first grade, 68s to 695. Danish, 120 s. Cheese market firm. New Zealand, white 51s 6d to 525; coloured, 49s 6d to 51s.

A. C. Rowson reports dated London, October 26: —Cheese: New Zealand, white, 53s per cwt.; coloured, 51s per owt. Butter: New Zealand first grade, 69s per cwt; New Zealand finest grado, 71s per cwt. Demand good for both, with upward tendency.

FEILDING SALE.. Abraham and Williams, Ltd. report on the Feilding sale as under:—For this period of the year a rather heavy yarding of run cattle was yarded and we estimate that at Friday’s sale there would be 2500 head of cattle offered. Of the total yarding a considerable proportion was passed under the hammer, realisations not being up to vendors’ ideas of values. This was noticeable right throughout the sale in practically every clae3 of cattle. It was only to bo expected that the market would show an

easing tendency, as during the past four or five weeks there have been some heavy transactions in cattle with the result that some of our major buyers have filled up their requirements. In the dairy section, values were on a parity with those ruling during tho last few weeks, there being no appreciable advance in either dairy cows or heifers. In the sheep offering, the total number of fat sheep yarded was about on an even break with that of the past few weeks. Prices at the opening of Friday’s sale showed no appreciable change on late rates, although as the sale progressed prices showed an' casing tendency. The yarding in the storo sheep section was not sufficient to get a line on values, there being only a few pens of indifferent hoggets and a couple of small pens of owes and lambs. For these an excellent sale resulted. They quote as follows:—Fat sheep: Fat shorn ewes, 18s 4d, 18s lOd, 18s lid, 19s; fat woolly ewes, 19e Bd, 20r> 6d, 265; fat wethers, 22s 9d, 24s Id, 28s; fat hoggets, 22s 6d, .23s Bd, 245, 25s 6d. Store sheep: Ewes with lambs, 31s, 31s 3d; ewe hoggete, 21s Id, 245, 27s 2d; b.f. hoggets, 17s 3d. Fat cattle: Fat Jersey cows, £3 10s, £3 15s, £4, £4 ss, £5 2 S 6d, £5 12s 6d; fat heifers, £2 17s 6d, £3 15s, £4, £4 10s. Dairy cattle: Spg. heifers, £2 10;, £3 ss, £3 10s; 6pg. cows, £2 12s 6d, £3, £4 to £4 ss; cows in milk, £2 ss, £2 12s 6d, £3 to £4. Store cattle: 2-yr P.A. steers, £2 19s, £3 I2s, £4 ss, £4 10s; 2-yr Hereford steers, £2 19s to £3 55; ylg. P.A. steers, £2 9s, £2 10s; ylg. P.A. heifers, £2 2s to £2 ss; ylg. Jersey heifers, 255, 28s, 38s, to £2; potter cows, 15s, 20s, 26s to 30s. Bulls: Ylg. Jersey bulls, £2 2s 6d to £2 10s; 2-yr bulls, 2|gne to signs. The N.Z. Farmers’ Co-op. Distributing Co., Ltd., report: The general tone of the cattle market was dull, prices showing a drop of 5s to 10s per head on the previous week’s sale. The most noticoable drop was in station-bred yearlings, of which very few were sold under the hammer. In the fat cattle section tho offering was made up of cows and heifers, prices being slightly easier. Tho fat sheep prices were decidedly down, and the market for store hoggets was inclined to bo easier. The dairy cattle offering was very mixed, with only the best conditioned heifers claiming attention. There was very little demand for yearling Jersey heifers. Quotations: Store cattle: 3yr steers, £3 ss, £4, £4 2s 6d £4 7s; empty P.A. heifers, £2 18s, £3 ss, £3 10s. £3 11s, £3 15s, £4 4s; £3 ss, £3los, £3 11s, £3 15s, £4 4s; empty cows, £2 ss, to £2 15s;. yearling steers, £2 9s, to £2 12s; yearling heifers, 21s, 235, 28s 6d 345, 38s; fat cows, £2 10s, £3 10s, £4, £4 15s, £5 2s 6d, £6 7s 6d; fat heifers £4 10s to £5 2s 6d. Sheep: Fat ewes, 14s lOd, 16s 3d, 16s lid, 18s 3d, 18s 6d, 19s, 21s; fat wethers, 235, 24s 6d; fat hoggets, 21s, 225, 22s 6d, 23s Id, 23s 6d, 24s 6d: wether hoggets, 20s 3d. 21s, 21s 9d, 225; springing heifers, £2 16s, £3, £3 10s, £4j £4 10s, £5; yearling Jersey heifers, 21s, 255, 30s, 37s 6d. The N.Z. Loan and Mercantile Agency Coy., Ltd., report as follows: —Fat sheep: Woolly ewes, 19s, 20s to 225; shorn ewes, 16s, 17s 3d, 18s fid; fat hoggets, shorn, 21s, 225, 23s 6d; fat hoggots, woolly, 235, 245, 255; ewe hoggets, 245, 25s 3d, 26s to 26s lOd; wether hoggets, 19s, 21s to 22s 2d. Cattle: Fat bullocks, £7 ss. £7 15s, £8 ss; fat cows, £4, £4 10s to £5 12s; ylg. P.A. steers, to £3 7e 6d; ylg. P.A. heifers, £2, £2 5s to £2 10s; 2-yr steers, £3 10s, £3 15s; bullocks, £5, £5 10s, to £6 Is.

WOOL, SKINS AND HIDES.

PALMERSTON NORTH SALE.

At Abraham and Williams, Ltd. s, monthly sale of wool, sheepskins, hides and tallow, held at Palmerston north on Thursday, there was a good demand for all classes. Wool: The offering was limited to mostly crutchings which sold on a par with last month. Sheepskins: Generally the market was very firm. > Hoggets were on a par to slightly easier as were full woolled skins; quarter-half wools were slightly easier, but pelts appreciated in value id per lb. Hides: Ox and heavv cow were very firm, but and light cow eased slightly. \ carhngs sold on a par with last month. -Calfskins: These were firm to id per lb better. Tallow: The market is still improving and at this sale values, rose 10s per ton. The following is the range of values:—Wool: Fine hoggets, 6d to dead, 4d to 4?d; crutchings, first, 3 2 d to 4d, second 2id to 3d; bellies &ncl pieces, ljd to 2d. - Sheepskins: Dry—-Fine hogget, sjd to 6d; hogget, •lid to sd; fine crossbred, 54d to 6d; three-quarter-full wools, 4|d to s|d; quarter-half wools, 4d to 4|d; shorts, none; pelts, 2£d to 3d 4 ; dead, 2|d to 3id: lambs, none; lambs, damaged, none; damaged, first 3id to 33d, second 2d to 2|d. Hides: Ox, heavy 6Jd to 6gd, medium sßd5 B d to 6 B d, light to fid; cow. heavy 4|d to sd, medium 4fd to 4id, light 4|d to 4fd; yearlings cut, 4d to sd; calf, light, first. 74d to B|d, second 6d to 7d. cut 4d to 64d. Tallow: In tins, to 14s; in drums, super 16s fid to 17s, first 14s to 15s, second 11s 6d to 13s 9d.

OVERSEAS WHEAT MARKETS. LONDON, Oct. 28. With better North American cables, further adverse crop advices from Australia and smaller world’s shipments to Europe, .wheat cargoes were steady. Quotations were upheld, and buyers reserved. Parcels were steady with trading slow. Futures: London, December, 20s fid a quarter; February, 21s 7d; April, 225. Liverpool, October, 4s 9 B d a cental; December, 5s O^d; March, 5s 4d; May, 5s s|d. NEW YORK, Oct. 27. Chicago wheat futures are: —December,964 cents a bushel; May, 954; July, 91§; New York, cash, 1034 cents a bushel.

RAW MATERIALS. LAST WEEK’S CLOSING RATES. LONDON, Oct. 27. Friday’s closing prices for raw materials were as follow, those for October 19 being in parentheses;— Cotton. —Liverpool quotation, good American middling, spot, 6.92 d a Tb (6.97 d); November delivery, 6.70 d a lb (same). Rubber: Para, 54d a lb (s|d); plantation smoked ribbed sheet, 6|d a lb (6|d). Jute: October-November shipment, Indian jute, Dundee quotation, £ls a ton (£l4 17s 6d). Copra: November-December shipment, South Sea, £7 15s a ton (£8 2s 6d); smoked, £7 7s 6d a ton (£7 17s 6d); plantation, Rabaul, £8 12s 6d a ton (£9 2s 6d). Linseed oil: £l9 10s a ton (£2O ss). Turpentine:. 45s 3d a cwt. (45s 6d).