BUTTER MARKET FIRMER

New Zealand Herald, Volume LXXI, Issue 21717, 5 February 1934, Page 5

BUTTER MARKET FIRMER

BETTER TONE REPORTED

RISE TO 68s TO 69s PER CWTv

CHEESE ALSO STRENGTHENS

There is a bettor tone in the London butter market, and an -upward tendency, in quotations, which closed on Saturday evening at 68s to 69s per ewt., as against 65s to 67s previously reported. - The cheese market is also firmer.

Deliveries of New Zealand butter last week at 1787 tons were 346 tons lower than the previous week, and 213 tons ilovrer than those for the corresponding week of 1933. The quantity in store at 3750 tons, although slightly higher on the week, was 3228 tons lower than that at the corresponding date in the previous season. Australian deliveries rose 1225 tons to 3700 tons on the week, while the quantity in storo was reduced by 250 tons to 6400 tons.

A substantial weight of butter was shipped from New Zealand daring tha week ended Saturday, four/ steamers lifting 239,8-13 boxes salted, 13,049 boxes unsalted, and 1442 boxes whey butter, together with 35,407 crates white and 20,431 crates colpured cheeks. The largest consignment was despatched by the Fordsdale,. which sailed from Auckland, carrying 98,293 boxes butter and 16,593 crates cheese.

MERCHANTS' ADVICES Merchants have received the following cablegrams from their London houses, dated February 2, except, where otherwise stated: — C. R. Spragg, from Bannatyne and Company, Limited, Liverpool, dated February 3.—Butter: 68s to 695. Cheese: White, 445; coloured, 465» Markets improving. A. H. Turnbull and Company, from. W. Weddel and Company, Limited.Butter; Danish, £6s to 87sj New Zealand salted, 65s to -675; Australian,, 61s to 645, Cheese: New Zealand* white!, 42s to 435; coloured, 44s to 455» Both markets closed firm. H. S. Withers, from A, C. Rowson.—Butter: Finest, 68s; first, Cheese: White, 445; coloured, 465. Th<* demand in bath markets is good and the tone firm. New Zealand Producers' Co-opera-tive Marketing Association, Limited.—? Butter; New Zealand, 60s to 68s; unsalted, 725,- to 745; Danish, 86s. Cheeses White, 42s to 445; coloured, 44s io 465. The butter market improved during the latter part of tho week. The cheese market is firm. 1 Allen and Findiay, Limited, from Armour and Company, Limited.—Butter: New Zealand, salted, 60s to 675; unsalted, 72s to 745; Australian, 635; Danish, . 86s. Tho market is steady. Cheese: New Zealand, white, 42s .to 435; coloured, 44s to 455; Canadian, 48s to 525, The market is steadier.. DAIRY BOARD'S REPORT Tho New Zealand Dairy Produce Board has received the following market report from its London office dated February 2, the previous week' 3 figures being given in parentheses:— Butter.—New Zealand: Salted, 66s to 67s to 6Ss, equals approximately 7£d f.o.b. (67s to 685).; unsalted, 72s to 74s (72s to 745). Deliveries, New Zealand, 1787 tons (last year 2000 tons); in store, 3750 tons (last year 6978 tons). Australian: Salted, 63s to 64s (64s to 655); unsalted, 66s to 67s (665 to (58s). Deliveries, Australian, 3700 tons (last year 2412 tons);, in store, 6400 tons (last year 5062 tons). The market firm at the end of this week. Argentine: Unsalted, 62s to 66s (62s to 645); Danish: 64s f.0.b., 86s to 87s /

spot (675, 89s to 90s). Latvian: Unsalted, 74s i,75s to 775). Dutch: Tinsalted, BSs to 92s (SSs to 925). Sibej> ian: GOs to 62s (60s to 625). The market is steady. Retail prices unchanged; New Zealand, 9d; Danish, lid. Cheese.—New Zealand: "White, 42s to 43s to 445, 4.46 d f.o.b. (41s to 425); coloured, 44s to 45s to 465, 4.72 d f.o.b. (43s to 445). Deliveries, New Zealand, 23,030 crates (laiit year 23,000 crates); in store, 31,000 crates (last year 51,000 crates). Australian: White, 41s to 41s 6d ( —); coloured, 42s to 43s (425)» Improved demand at the end of this week. The market is firm. New Zealand retail price unchanged, 6d. Canadian: White and coloured, 50s to 525, exceptionally, 54ji (46s to 525). Deliveries, Canadian, 8400 boxes; in store, 177,655 boxes. English, finest farmers', 90s to 94s (90s to 945). The market is quiet. .

Cheese gradings for week ended January 27 were: —White, 26.903 crates; coloured, 12,045 crates.