DAIRY PRODUCE.

Manawatu Standard, Volume LV, Issue 81, 4 March 1935, Page 5

DAIRY PRODUCE.

LONDON BUTTER MARKET EASIER. CURRENT VALUES. A further decline in the London butter markot last week reduced tho price of Now Zealand salted on Friday to 80s to 81s, a fall of 3s to 4s a owt on tho woek. Tho general demand was slow, deliveries of New Zealand butter being 1908 tons, compared with 2345 tons for the previous week, and Australian deliveries 2366 tons, as against 2629 tons. The quantity of Now Zealand butter in store, including 347 tons ox tho Rangitata, was 5681 tons, compared with 7064 tons at the end of tho previous week, and 8036 tons a year ago. Australian butter in store was 2718 tons, compared with 3369 tons at tho end of tho previous week and 6235 tons a year ago. Retail prices in London are unchanged at Is 2d a lb for Danish and lid for Now Zealand. The Opawa, which sailed from Wellington on Thursday, took 34,362 boxes of butter for New York. Tho Dairy Board’s London office reports Friday’s official closing qoutations as follow, those for tho previous week boing shown in parentheses : BUTTER. New Zealand.—Salted, 80s to 81s, ex 82s (83s to 85s; March 1, 1934. 70s to 71s) ; 80s to 81s equals approximately 9.28 d f.o.b. Unsalted, 88s to 90s (90s to 925; March 1, 1934, 70s to 725). Australian. —Salted, 80s to 81s (82s to 84s) ; unsaltod, 86s to 88s (88s to 90s). Deliveries, Australian, 2366 tons. In store, 2718 tons. Danish.—9os f.0.b.; 112 s spot (90s; 112 s) Duich: Unsalted, 90s to 94s (99s to 107 s). Latvian: Unsaltod, 90s (955). Polish: Salted, 78s to 80s (82s to 84s). CHEESE. New Zealand. —-White, 46s to 46s 6d (47s 6d to 48s; March 1, 1934, 42s 6d to 435) ; coloured, 46s to 46s 6d (47s to 48s: March 1, 1934, 45s to 45s 6dl ; 46s to 46s 6d is equivalent to 4.92 d a In, f.o.b. Deliveries. New Zealand, 15,582 crates. In store, 125,708 crates, includes 11,720 crates ox Rangitata. Australian. —White, 42s to 44s (465); coloured, 45s (45s to 465). Canadian. —White, 60s to 62s (60s) ; coloured 60s to 62s (60s to 625). Deliveries, Canadian, 5373 boxes. In store, 95,897 boxes.

English.—Finest farmers, 82s to 90s (82s to 90s; factory cheese, 43s to 46s (41s to 48-). AGENTS’ REPORTS.

W. Wcddel and Co., Ltd., report, dated London, March 1: —Butter market quiet, no demand. Danish, 112 s. New Zealand finest, 80s. Kangaroo finest, 80s. Cheese market slow. New Zealand white and coloured, 465.

-Joseph Nathan and Co., Ltd., have-re-ceived from London, the following cabled advice, dated March 1: —New Zealand butter, 80s per cwt. Now Zealand cheese, white and coloured, 45s to 46s per cwt. Both markets very quiet. Mr A. C. Rowson reports, dated London, March 1:—-Butter: New Zealand finest grade, 80s per cwt. Cheese: New Zealand white and coloured, 46s per cwt. Both demands slow; markets weak. The New Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled markot report from London dated March 1 is as follows:—Butter market slow. New Zealand, finest grade, 80s to 81s; first grade, 80s. Danish, 112 s. Cheese markot quiet. New Zealand white and coloured. 465. J. and J. Lonsdale and Co., Ltd., London, report as follows : —Butter market steady. New Zealand, 80s to 81s. Australian, 80s to 81s. Danish, market firm, 90s f.0.b., Ills landed. Cheese market steady. New Zealand, white, 46s 6d; coloured, 46s 6d. LONDON WOOL SALES. DECLINE IN PRICES EXPECTED. The Bank of New Zealand (produce de partment) has received the following advice from its London office under date March 1; —It is generally expected that at the opening of the second series of wool sales., commencing on March 12, prices for Merinos will decline -£d per lb, while crossbreds arc expected to be id to £d per lb lower. If buying on German and Russian account is renewed the anticipated decline may not eventuate.

Tho following range of prices was quoted by the Bank of New Zealand’s London office at the close of the last of sales on February 5 :—Merinos ; Super, 60-64’s, 10£d to lid per lb; ordinary, 60-64’s, 9d to 9£d; inferior, 60-64’s, 7%d to 8 pi. Ilalfhreds: 56’s, IOJd to lid; 50-56’s, 9d to 9£d. Crossbreds: 50’s, 8d to B£d; 48-50’s, 7£d to 7pi; 46-48’s, to 7jd; 44-46’s, 6Jjd to 6|d; 40-44's, 6d to 6-id; 36-40’s, sijd to 6d. RAW MATERIALS. LAST WEEK’S CLOSING RATES. LONDON, March 1. Friday’s closing prices for raw materials were as follow, those for Februaiw 22 being in parentheses:—Cotton: Liverpool quotation, good American middling, spot, 7.09 d a lb (7.10 d); April delivery, 6.85 d a lb (6.89c1). Rubber; Para, 4|d a lb (same); plantation smoked ribbed sheet, 6 13-16 d a lb (6|d). Jute: March-April shipment, Indian jute, Dundee quotation, £l7 a ton (£l6 10s). Copra: March-April shipment, South Sea, to London or Rotterdam, £l2 2s 6d a ton (same); smoked, Marseilles or Genoa, £l2 7s 6d a ton (same); plantation Rabaul to London or Rotterdam. £l2 15s a ton (£l2 17s 6d). Linseed oil: £23 a ton (same). Turpentine: 48s a cwt. (same).