DAIRY PRODUCE.

Manawatu Standard, Volume LV, Issue 198, 20 July 1935, Page 5

DAIRY PRODUCE.

•CURRENT QUOTATIONS. Joseph Nathan and G'oy., Ltd., have received from London the following cabled advice, dated July 18: —New Zealand butter, very firm at 90s. J. and J. Lonsdalo and Co., Ltd., Lon- • don, (report as follows:—Butter market j firm. New Zealand, 89s to 90s; Australian, 87s; Danish, 82s, f.0.b., 103 s landed. Ghceso market dull. New Zealand white, 43s 6d; coloured, 435. A. J. Mills and Co., Ltd., London, pives the following market prices as ruling at the close of business on Thursday:— Butter: The market is steady. New Zealand, finest, 89s to 90s; firsts, 88s to 89s; Australian, choicest, 87s; first grade, 85s; Danish (spot), 100 s; (f.0.b.), 80s; Baltic States, 81s to 82s. Cheese. Tho market is quiet. New Zealand, white, 44s to 44s 6d; coloured, 43s 6d to 445; Canadian, white, 60s to 625; coloured, old season’s, 58s to 60s; Canadian, c.i.f., June make, 50s to 51s. Dalgety and Co., Ltd., are advised as follows; —Butter market firm. Danish, 80s f. (78s f.0.b.); Now Zealand, finest salted, 89s to 90s (89s); Australian, finest unsalted, 87s (87s); finest salted, 87,s (86s); g. 83s to 84s (82s to 84s). Cheese market slow. New Zealand cheese, white. 43s 6d to 44s (44s 6d); coloured, 43s to 43s 6d (43s 6d to 445); spot price for Canadian white, 52s to 64s (58s to 645); coloured, 52s to 64s (58s to 645); c.i.f. price for Canadian, 49s to 50s ( —). Last week’s quotations are shown in parentheses. REDUCED EXPORTS. DECREASE IN BUTTER AND CHEESE A decreaso of 10.683 tons of butter and 9546 tons of cheese is shown in (be Dnriy Board’s return of dairy produce shipments for the 11 months of the 1934-35 season ended June 30. compared with those for the corresponding period of last season. Last month’s shipments of butter totalled 7158 tons, compared with 7270 tons for June, 1934, a decrease of 112 tons. Shipments of cheeso last month totalled 4958 tons, compared with 6342 tons for June, 1934, a decreaso of 1384 tons.

Details of tho 11 months’ shipments ol dairy produce compare as follow: BUTTER.

•Includes Cardiff. Australian exports of butter and cheese to the United Kingdom for the 11 months ended June 30 show a substantial in crease when compared with those for cue 1933-34 period and are as follow: 11 mtlis. 11 mills. 1935. 1934. Tons. Tons. Butter 108,295 100,444 Cheese 7,061 3,911 Australian shipments of butter during June, however, were only 2432 tons, against 5079 tons for June, 1934. Argentine shipments of butler to the United Kingdom for the period wore 4515 tons this year, against 4829 tons lor 1933-34. June shipments being nil in each year.

THE POTATO MARKET. HEAVY SOUTHERN SHIPMENTS. Per Press Association. CHRISTCHURCH, July 19. Mainly because of a heavy shipment totalling 14,103 sacks taken to the North Island yosterday in the Waipiata, the potato market in Christchurch showed a slight weakening for a day, but this was the lirst check since the rtse set in a fortnight ago. There has been some demand from the north but in the opinion of some merchants not nearly enough to justify the prices which are reported to have been offered farmers and paid to merchants among themselves. These values, they claim, are entirely fictitious, especially as there are now only two months of the season left. The market is extremely difficult to judge, because everybody interested in potatoes has a different idea of values und is able to quote instances of actual sales which range over 20s a ton from the highest to the lowest. Sales f.o.b. of Dnkotas at more than £9 and of Whites nt £8 10s have been reported. The Waipiata lifted 1359 sacks from the Bluff, 5844 from Timnru and 6900 from Lyttelton, a load that should keep the northern market quiet for some time. There will be another heavy shipment, next week, but it is unlikely that it will be as heavy as that taken by the Waipiata. which was a record for this season, and probably for last season, too. In the meantime, while the trade is in an almost hysterical condition over the market, farmers continue to hold on to what they have. Only small lots can bo bought, because the farmer, having seen potatoes riso about £2 in the last two weeks, is afraid to sell now lest they go still higher. Quotations on trucks hnvo varied. One merchant yesterday quoted £5 15s to £6 5s for whites and £7 for Dakotas, while another quoted £6 15s to £7 for whites and £7 to £7 5s for Dakotas. August-Scptember quotes are up to £8 10s for whites and £9 10s for Dakotas f.o.b. Tho big shipment by the Waipiata seems to indicate that there will bo no shortage of potatoes in the South Island and there is little prospect now, with the Sydney market slipping, of a shipment to Australia. There has been a fair inquiry for oats during the week. Gartons boing quoted at 3s 3d. Duns have also been asked for and are worth 3s to 3s 3d. Very little business is passing. The chaff business seems at a standstill. Tho small seods trade is undergoing the usual midwinter calm, and practically no business is being done.

11 mills. 11 nitlis. 1935. 1934. Tons. Tons. London 89,433 97,780 Avonmouth* 71449 8.303 Liverpool 6,414 6.422 Manchester 7,971 9.994 Glasgow 6,455 3.165 Hull 146 116 New York 2,016 — Honolulu 319 112 Panama Zone 784 658 Jamaica 364 398 Othor countries ... 624 760 Total tons 121.975 132,658 CHEESE. 11 rnths. 11 niths. 1935. 1934. Tons. Tons. London 67.027 73,636 Avonmouth* 6,229 6,373 Liverpool 4 051 4,911 Manchester 4,148 5,059 Glasgow 3,937 5,051 Hull ' 88 39 Other countries ... 136 83 Total tons 85.616 95,162