BUTTER MARKET QUIET

New Zealand Herald, Volume LXIX, Issue 21297, 26 September 1932, Page 5

BUTTER MARKET QUIET

SLIGHTLY BETTER PRICES f LESS BUYING ACTIVITY

After tho reconfc activity in the butler 'market., quie.tcr conditions ruled last week with a marked diminution in business between agents and factories. During the upward movement which has been consistent over many weeks, buyers were active up to about ll£d f.o.b. for finest for early parcels, but were not prepared to operate forward to any extent. Up to 11 9-16 d was available early last week, but no sales were reported at this figure. Leaders in the trade, at present, are not prepared to make any forecast with an assurance of accuracy.

Reports from agents during the weekend show slightly better prices, New Zealand finest being quoted Is higher on the top price at 114s a cwt. Merchants have received the following cablegrams from their London houses, dated September 23: New Zealand Producers' Co-operative Marketing Association, Limited:—Butter: New Zealand, 108s to 114s; unsalted, 110s to 114s; Danish, 121s to ]24s. Cheese: White, 635; coloured, 595. Both markets quiet. Mr. 11. S. Withers, from Mr. A. C. Rowson :—Butter: New Zealand, 110s to 114s. Cheese: White, 645; coloured, 60s. Tho demand in both markets is slow and tho markets are weak.

A. 11. Turnbull and Company, Limited, from. W. Weddel and Company, Limited: —Butter: Danish, 121s to 1245; New Zealand, finest salted, 108s to 114s; Australian, 104s to 107s. Cheese: New Zealand, white, 63s to 645; coloured, 59s to 60s. Both markets quiet. Joseph Nathan and. Company, Limited, from Trengrouse and Nathan, Limited.— Butter, finest, scarce, 113s; first, 108s.

PRODUCE BOARD QUOTATIONS

LONDON OFFICE REPORT

The New Zealand Dairy Produce Board has received the following market report from its London office, dated September 23, prices for the previous week being in parentheses: — Butter. —New Zealand Salted, 108s to 114s, ex 116s (112s to 115s); unsalted, 110s, 114s to 116s (112s to 116s); 108s to 114s equals approximately llfd f.0.b.; deliveries, 1274 tons; in store, 3341 tons. Australian: Salted, 104s to 107s (106s to 109s); unsalted, 104s to 108s (106s to 110s); deliveries, 1150 tons; in store, 1125 tons. Argentine: Unsalted, 88s, 90s, ex 92s (88s to 92"5). South Africa: 100s to 102s. Danish: 105 s f.o.b. (109s), 121s, 124s spot (124s to 1265). Dutch: Unsalted, 120s to 122s (120s to 1225): Estlionian: Salted, 98s to 100s; unsalted, 94s to 96s (98s to 100s). Latvian: Salted, 965, 98s to 100s (93s to 102s) ; unsalted, 94s to 96s (96s to 100s). Siberian: 90s (945). Lithuanian: Salted, 96s to 98s (98s to 100s); unsalted, 94s to 96s (92s to 100s). The market is quiet. New Zealand retail price, Is 2d; Danish, Is 3d. The Empire Marketing Board's estimated stocks of all butters are, 715,820 boxes, compared last year 912,872 boxes. Cheese. —New Zealand: -White, 63s to 64s (65s to 665); coloured, 595, 60s, ex 61s (60s to 625);-63s to 64s equals approximately f.o.b., 59s to 60s equals 53d; deliveries, 13,389 crates; in store, 51,834 crates. Australian: Coloured, 57s to 58s. Canadian: White, 66s to 68s; coloured, 655, 67s to 68s (66s to 695); c.i.f., 67s (675); .deliveries, 15,500 boxes; in store, 165.857 boxes. English finest farmers': 96s to 100s (98s to 102s). The market is quiet. New Zealand retail price, Bd. The board has also received the following advice from its agents in Canada: — Butter: New York, 21 cents; Montreal, cents.