THE BUTTER MARKET.

New Zealand Herald, Volume LXVII, Issue 20740, 6 December 1930, Page 9

THE BUTTER MARKET.

SLIGHT IMPROVEMENT. STOCK POSITION VERY SOUND. A slight improvement in the London butter market is indicated by cablegrams received during the past 24 hours. Joseph Nathan and Company, Ltd., has received the following cablegram from Trengrouse and Nathan, London"The trade generally in England firmly believes that the bottom of the market has been reached, and, with the advertising scheme which it is hoped will be proceeded with immediately. values will steadily improve The stock position of butter is very sound and we would like you to advise your factories if they receive offers that the consigning policy will pay them best." *.

W. W. Bowker lias received the following cablegram from London:—The butter market is firm; New Zealand finest, 105s to 106s; firsts,. 104s; Danish, 126s to 128s; Australian, 100s to 104s. The cheese market is very slow; New Zealand, white, 59s to 625; coloured, 58s to 61s. Amalgamated Dairies, Ltd., has received the following" cablegiam from London :—The butter market is steady but quiet; finest, 106s; other New Zealand finest grade, 105s. Cheese, coloured, 56s to 575; while, 58s to 595; some quantities sold at 575; increased demand at these prices

MORE DEMAND FOR BUTTER. NEW ZEALAND 104s TO 106s. LONDON. Dec. 4. On the butter market there is rather more demand. Danish is quoted at 130s; choicest salted New Zealand. 104s to 106s; Australian, 98s to 102s; exceptionally fine, 104s; unsalted New Zealand, 124s to 130s; Australian, 114s. to 118s. The cheese market is weak. New Zealand, coloured, is quoted at 56s to 575; white, 58s to 595; Australian, coloured, 555; white, 575. ' BUTTER FOR CANADA. IMPORTS FROM AUSTRALIA. (Received December 5, 5.5 p.m.) OTTAWA. Dec. 4. The Federal Cabinet discussed the report that the Canadian market would be flooded with 20,00(1,0001 b. of Australian butter in the next few months. No official statement was made at the conclusion of the sitting, but the feeling in political circles is that such a condition should not be permitted to arise. The Australian Trade Commissioner to Canada, Mr. L. R. McGregor, was interviewed to-day in connection with the report. He said there was absolutely no danger of the Canadian market being flooded with Australian butter. Marketing boards had been set up in Australia to regulate exports. Only such butter would be sent to Canada as was needed to satisfy her requirements. Australia was desirous of taking every pos.sible step to a.void prejudicing the Canadian dairy industry, and to avoid the embarrassment of the Canadian Government. To this end the butter export to Canada would be controlled by the Australian Government. They. would send only a proportion of the disclosed shortage of the Canadian production. Australia had invited the Canadian dairying and distributing interests to join her in assessing what the shortage was likely to bo. Reports of an alarmist character were regarded as unfriendly to Australia, and wore calculated to be damaging to the friendly between the two countries which they sought to maintain and stimulate. The whole question of Australian and Canadian trade would be discussed between the Canadian Minister of Commerce, Mi\ H. Stevens, and Mr. P. Moloney, Australian Minister of Markets, when Mr. Moloney reached Ottawa shortly. Mr. W. A. Jameu, New Zealand agent at Vancouver, states; that seemingly, with a duty of only one cent, Australia has the butter trade all her own way. Canada is short this year and will have to import, and Australia is likely to supply that market..

STOCK SALES. LATE RATES AT TIRAU. The Farmers' Co-operative Auctioneering Company, Limited, rtportLate rates were maintained at oir Tirau stock sale on Thursday, when an average yarding of cattle was penned. Quotations: Light fat cows, £5 7s Gd to £6 15s; forward conditioned cows, £4 5s to £5 lis 6d; store cows, £'2 2a 6d to £3 7s 6d; Uvo-year Polled Angus steers, £G 15s; yearli.ng Jersey and Jersey cross heifers, £2 lus to £4; others. £2; heifers, close to profit, £3 15s to £4 15s. Sheep. Shorn store wethers, two-tooth, 12s to 12s Gd. Pigs: Porkers, £1 lis to £1 17s; stores, £1 7s to £1 12s; weaners. 15s to 18s; sows and litters, £5 ss, CLEARING SALE AT CAMBRIDGE. The Farmers' Co-operative Auctioneering Company, Limited, report having held a clearing sale on behalf of Mr. P. Craig, on the farm at "Whitehall-, Cambridge, on Thursday. The herd consisted of all first calvers and these mut with good competition and sold at satisfactory prices. The ewes and lambs failed to reach the vendor's reserve. Bent Jersey cows in milk made £ll 10s to £l3 15s; best Friesian cows in milk, £9 to £:tl 10s; other Jersey cows in milk, £7 10s to £9; Friesian cows in milk, £6 to £8 10s: Shorthorn cows in milk, £7 to £9 10s; Jersey Shorthorn cross cows in milk, £6 10s to £8 10s; poorer cows, £3 10s to £5 los; heifer calves, £1 7s Gd; Southdown rams, 15gns. to 3gns.; hoggets, 14s Gd. LOW PRICES AT FEILDING. [bv telegraph.—press association.] FEILDING, Friday. Prices at the Feilding stock sale were lower than Inst week's rates. Quotations:— Sheep: Fat lambs, lGs Gd; two-tooth black laces, lGs (id: white faces, very good, 19s Gd; good, 17s to 19s; good hoggets, ]Bs 2d; others, 15a; woolly lat ewes, ]3s Gd; shorn, best, lis 3d: good, 10s to 10s 6d: medium, 9s to 9s Oct; fat wethers. 14s 3d to 15s; store ewes with over 100 \per cent, lambs, 235; good, '.! Os to 2ls 3d; fourtooth wethers, 14s; two-tooth wethers, lis '2d to l l 2s 8d; two-tooth ewes, best, 13s Gd to lls sd; poor, £s to 10s. Dairy cattle sold at below late rates, but the quality was not good. Fat cattle sold up to 26s per 1091b., but many lines were passed. Store Jersey cows made £2 10s; yearling Jersey heifers, £4 10s to £4 IPs; Hereford steers, three-year, £ii 10s; Polled Angus steers, £4 to £5 10i»; Polled Angus bullocks, £.l Is: Holstein bullocks, £G lis.

TE AWAMUTU PRICES,

[BY telegraph.— own correspondent.] Hamilton, Friday. The New Zealand Loan and Mercantle Agoncy Company; Ltd.. Hamilton, reports having held its Te Awamutu stock sale yesterday. There was yarded an average entry of light ox beef, while cow beef came forward in heavy numbers. All classes of fat cattle met with brisk competition, resulting in a good increase on late rates. Stores were penned in average number, with late rates maintained. Yearling heifers met with a poor demand, whild a line of '2O two-year-old steers were sold at £5. Light and unfinished ox beef mad* £7 17s 6d to £3 10s: prime fat cows, £8 12s Gd to £9 ss: fat cows, £7 10s to £8 7s Gd; lighter Quality, £6 7s 6d to £7 2s isd; store cows, £5 6s to £5 19a: boner cows, £2 14s to £3 7s Gd: good quality 18-months steers, £5. A small yarding of hoggets only were sold «t tood prices. Fat hoggels made 18s; poorer quality, 13s 8d to 14s 9d. A full entry of store and weanor pigs were sold at the low rates ruling. Baconers and heavy porkers met with a poor demand. Sows made £2 15s: heavy porkers, £1 Us 6d to £1 18s; good' stores, £1 10s to £1 18s; poorer, £1 fis to £1 10s; slips, 10a to £1 ss; weaners, 12» to 16s 6d. - • '