BUTTER FOR NEW YORK.

Manawatu Standard, Volume LV, Issue 304, 21 November 1935, Page 5

BUTTER FOR NEW YORK.

SHIPMENTS FROM NEW ZEALAND. PRESENT ACTIVITIES. New York interest in New Zealand butter has started much earlier this season than last. The Canadian Conqueror, which left Auckland on Tuesday morning for New York, took 1750 boxes of butter, while over 3000 boxes have alrcudy been booked for the Canadian Scottish, which is to leave Wellington about Decembci .13. In addition the New Zealand Shipping Company’s steamer Tckoa will call a Now York if a minimum of 10,000 boxes can bo guaranteed by noxt Monday, lne Tokoa is to finally from Lyttelton about December 27. The sales of butter 'to New York so tar havo been made at 11 3-4 d and Is a pound f o 1) , which with the duty of 14 cents H lb is equal to about Is 7d lauded ut Now York, where the present price is 34J, cents, equal to Is 6jd a lb. New York butter stocks are at present 53,000 tons, compared with 49,000 tons a year ago an 71,000 tons two years ago. . Last season New York buyers came into the market for New Zealand buttei early in January and their operations had a very stimulating effect on tho London market, prices for finest New Zealand rising steadily, after one setback, front 7b a cwt lo 945, which was then the high est price since October, 1933 Altogether about 140,000 boxes of New Zealand butter were bought in New Koik hist season, and though prices fed as soon as American inquiry ceased yot they remained at a far higher level, than had been the case for some time prior toNeYork coming on flic market. lUile Amei can inquiry this season is not like y have the same stimulating effect on the London market, still it should bo a . in keeping prices steady at about t present level over a somewhat longer period than might otherwise be tho Indeed, any increase in present puce levels wonldf on account of the duty of 14 cents a lb, tend to keep New Yoik buy ers off the market, at least for New. Zea land butter, says an exchange.

LONDON MARKETS QUIET. Joseph Nathan and Coy. Ltd., have received from London the following cabled advice, dated November 19:— New Zealand butter: Finest, 104 s; first, 102 s. Market quiet. New Zea.and cheese: \\ bite, 52s 6d to 535; coloured, 53s 6d to 545. M w'. V< Woddel and Co., Ltd., report dated London, November 19: -Butter market quiet. Danish, 1255; New Zealand, finest, 105 - Kangaroo, finest, 102 s. Cheese mn ket firm. New Zealand white and col°UThe’ New Zealand Producers’ Co-oper-ative Marketing Association s weekly cabled market report from London dated November 19 is as follows :-Butter mar ket quiet. New Zealand finest grade, 104 s; first grade, 102 s; Danish, • Cheese market steady New Zealand whito, 535; coloured, 53s 6d to 34=. POSITION OF STOCKS.

The Dairy Board reports that the position of stocks of butter and cheese as at November 1 was as follows: BUIII i 935. 1934. 1933. Tons. Tons. Tons.

Estimated storks cf all butters in London, including private and provincial stores and steamers not discharged ...... 18,800 Export stocks in N.Z., including loaded into steamers not sailed finally at Nov. 1 ... 8,000 N.Z. stocks afloat ... 15,922 29,000 11,200 12,864 18,800 9.600 17,740 23,922 24,064 27,340 CHEESE. The estimated stocks of cheese at Lp« don, Liverpool and Bristol, at Novcmbci 1, were as follow:— 1935. 1934. 1933. 'Ions. Tons. Tons. New Zealand and Australian 6.781 Canadian 5,981 7.700 5,500 5,300 7,700 12,762 13,200 13,000 Stocks in N.Z., including Steamers not sailed finally at November 1 7,000 N.Z. stocks afloat . 6,910 13.910 9,500 6,650 16.150 9.700 7,271 16,971 Total in sight 26,672 29,350 29,371