BUTTER UNCHANGED

New Zealand Herald, Volume LXXI, Issue 21782, 23 April 1934, Page 5

BUTTER UNCHANGED

SLOW CONDITIONS RULE

POSITION OF STOCKS

INCREASE ON LAST YEAR

Slow conditions continue to rule in the London market for New Zealand butter and cheese. Current quotations remain in the vicinity of 70s per cwt. for New Zealand finest butter and 42s 6d and 42s for white and coloured cheese respectively. The Imperial Economic Committee estimates the stocks of ail butters in store at 964,073 boxes, an increase of 21,860 boxes in comparison with stocks at the corresponding date last year. The New Zealand Dairy Board's weekly report shows that the quantity of New Zealand butter in store totals 9863 tons, an increase of 2200 tons, or 88,000 boxes, in comparison with the same date last year. Merchants have received the following cablegrams from their Loudon houses, dated April 20:— Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited. —Butter: 69s to 70s. Cheese: White, 42s to 42s 6d; coloured, 41§ 6d to 425. Both very slow. New Zealand Producers' Co-operative Marketing Association, Limited. — Butter: New Zealand, 69s to 70s; Danish, 78s to 80s. Cheese: White, 42s to 42s 6d; coloured, 41s 6d to 425. The butter market is slow. Cheese is quiet. Mr. H. S. Withers, from Mr. A. C. Rowson. —Butter: First grade, 695; finest, 70s. Cheese: White, 42s 6d; coloured, 425. Both markets are slow. Allen and Findlay, Limited, from Armour and Company, Limited. —Butter: New Zealand, salted, 69s to 70s; unsalted, 71s to 735; Australian, 68s to 695; Danish, 79s to 82s. The market is slow. Cheese: New Zealand, white,. 42s to 435; coloured, 41s to 425; Canadian, 52s to 545. The market is quiet. A. H. Turnbull and Company, Limited, from W. Weddel and Company, Limited.—Butter: Danish, 82s; New Zealand, salted, 69s to 70s; Australian, GBs to 70s. The market is slow. Cheese: White, 42s to 42s 6d; coloured, 41s 6d to 425. The market is quiet.

DAIRY BOARD'S REPORT The New Zealand Dairy" Produce Board has received the following market report from its London office, dated April 20, 1934, the previous week's figures being given in parentheses:— Butter.—New Zealand, salted, 70s (70s); unsalted, 71s to 73s (71s to 725); 70s equals approximately 7.98 d, f.o.b. Deliveries: New Zealand, 2250 tons (last year 1433 tons); in store, 9863 tons (last year, 7663 tons). Australian: Salted, 69s to 70s (60s); unsalted, 70s (69s to 70s). Deliveries: Australian, 2180 tons (last year, 2050 tons); in store, 6347 tons (last year, 5050 tons). Argentine: Unsalted, 70s (70s). Danish, 5Ss, f.0.b.; S2s spot (61s, 84s). Duteh: Unsalted. 69s to 77s (70s to 775). Estonian: Salted and unsalted, 70s ( —). Latvian: Salted and unsalted, 70s (70s to 71s). Lithuanian: Salted, 69s to 70s (70s to 71s); unsalted, 70s (70s to 725). Siberian, 68s ( —). The butter market is slow. There is considerable variation of retail prices in different districts. New Zealand, 9d to lOd; Danish, lid to Is. The Imperial Economic Committee's estimated stocks of all butters in store is 961,073 boxes (last year 942,213 boxes). Cheese. —New Zealand: White, 42s to 42s 6d, 4.43 d, f.0.b.: coloured, 41s 6d to 425, 4.37 d, f.o.b. (42s 6d to 435). Deliveries: New Zealand, 21,838 crates (last vear, 15,90? crates); in store, 114,536 crates (last year, 107,084 crates). Canadian: White and coloured, 52s to 56s (52s to 565). Deliveries: Canadian, 6973 boxes; in store, 111,962 boxes. English finest farmers, 90s to 98s (90s to 100s). Cheese market quiet. Retail price. New Zealand, 6d. The board has also received the following advice from its agents in Canada:— Butter: Montreal, 24 cents; New York, 23J cents. >

Cheese gradings for week ended April 14 were 23.151 crates white and 8732 crates coloured."

FORWARD SALES AUSTRALIAN CURRENT PRICE [BY TELEGRAPH —PRESS ASSOCIATION] WELLINGTON, Sunday The New Zealand Dairy Produce Board has been advised by the Australian Dairy Board that it has fixed the minimum price at which Australian butter may' be sold for forward shipment to the United Kingdom durine the coming week at B£d and B£d per lb. These prices are the New Zealand f.o.b. equivalent of the Australian c.i.f.e. minimum prices fixed.

STOCK SALES

MORRINSVILLE QUOTATIONS

Tho Farmer? 1 Co-operative Auctioneering Company. Limite-d, reports having bejel its usual fortnightly sale at. the Morriusville yards on Friday. There was n small yarding of fat wethers, which were of only medium quality. Competition was not keen. There was a good entry of fat ewes, including a choice lino of 120 heavy prime ewes ofTered on behalf of Mr. L. H. Lamer. These sheep averaged 193. Thero was again a heavy yarding of fat lambs, including many pens of prime quality sheep. Competition was keen and a total clearance was made at recent quotations. A medium yarding of good quality steers and prime cows cumo forward and met with a good sale from local butcheis. There was an extra heavy yarding of fat, and forward Jersey cows. These sold freely at rates fully equal to late sales. In-calf heifers nnd heifer calves were yarded in largo numbers, but the quality generally was not.up to standard and sales were hard to effect. A heavy yarding of pigs was penned, the majority being porkers, which sold under brisk competition, prices in some cases being iu advance of Frankton quotations. The offering of baconers was smaller than usual, but these sold readily at lato rates. Values were:—Sheep: Prime fat wethers. 2'2s Gd to 21s; heavy prime ewes, 18s to 19s; medium. 16s to 17s 3d; light, 12s to Hp (id; heavy prime woolly lambs, 23s fid to 25s nd; heavy prime Southdown lambs. 223 to 21s fid; medium woolly lambs, 21s to 22s fid: light, 18s fid to 19s 3d; prime shorn lambs, 19s to 21s fid; medium. 17s to IPs fid; forward conditioned store lambs, Ms fid to 15s. Cattle: Prime medium fat steers, £7; light, £5 10s; medium, £3 12s to i*3 19s; fat Jersey heifers, £2 lis to £2 15s; medium fat cows, £3 1b to £3 Kin: lighter, £2 2s to £2 12s Gd: heavy fat Jersey cows. £2 5s to £2 lis; medium. 37s to £2 3s: heavy boners. 30s to 355; lighter, 17s to 28s; potter bulls, medium, £2 15s to £3 16s; lighter, £1 to £2 6s; medium quality" in-cwlf heifers, £2 5s to £2 JOs; inferior ouality. 21s to 375; medium heifer calves. 19s to 22s 6d; inferior noTts, 5s to 18s. Heavy prime baconers. £3 to £3 4s; prime baconers. £2 15s to £2 19a; medium. £2 fis to £2 14s; light, 30s to £2 4s; heavy porkers, 35s to 38s; medium, 32s to 345; light, 25s to 30s; heavy choppers. £3 17s Gd to £4; others, 28s to £2 Rs; good stores, 17s to £1; Berkshire stores. 14s to 15s fid: good slins, ]os to 1?s; good wenners. fis fid to 9s fid. Two Berkshire boars realised £2 12s Gd; Tamworfhs boaTS, f.l 6s; good Tamworth and Tamworth-crosa sows, £1 15b to £2 3s.

COTTON, RUBBER, JUTE, ETC.

(Received April 22, ft.s p.m.) LONDON, April 21 (Quotations on April 14 in parentheses.) Cotton.—Spot, 6.18(1 (6.35 d) a lb.; May delivery. 5.81 d (6.02 d). Rubber.—►-Para, 5d (sd) a lb.; Plantation and smoked, 5 13-16 d (5 23-32 d). .Tute.—April-May shipments, £l6 5s (£l6 6s 3d> a ton. Copra.—Mav-.Tunc shipments. South Sea, £7 5s (£7 7s 6d April-May") a ton; South Sea, smoked, £6 15s (£6 15s); plantation, .Kabaul, £7 17s 6d (£8). Linseed Oil. —Cl 9 15s (£l9 ss) a ton. .Turpentine.—6os 3d (51s 6d) a cwt.