BUTTER MARKET QUIET

New Zealand Herald, Volume LXXI, Issue 21925, 8 October 1934, Page 5

BUTTER MARKET QUIET

NO CHANGE IN PRICES FURTHER FALL IN STOCKS STEADY VALUES FOR CHEESE Now Zealand butter is soiling on the Loudon market unchanged afc prices ranging i'roni G6s to 70s per cut. The market is quiet. There has been a further reduction ill London stocks during the past week, but these are still considerably higher than at the samo time last year. New Zealand • butter in store amounts to 9022 tons, against 9810 tons in the previous week and 5033 tons last year. The Australian figure, 402!) tons, compares Avith 1801 tons and 800 tons respectively. The. cheese market is steady, white and coloured being quoted unchanged at from 48s to 49s per cwt. Merchants have recoived the following cablegrams, dated October 5, from their London principals: New Zealand Producers' Co-opera-tive Marketing Association, Limited. — Butter: New Zealand, 66s to 68s; Danish, 106s. The market is quiet. Cheese: White and coloured, 48s to 48s 6d. The market is steady. Mr. H. S. Withers, from A. O. Rowson.—Butter: First grade, 68s; finest, 695. Choose: White, 48s 6d; coloured, 495. Both markets are stoady, but very slow. A. H. Turnbull and Company, Limited, from W. Woddel and Company, Limited. —Butter: Danish, 100s to 107s; New Zealand salted, 66s to 70s; Australian, 67s to 695. Cheese: White, 48s to 48s 6dj coloured, 48s to 495. Both markets aro steady. Allen and Findlay, Limited, from Armour and Company, Limited. —Butter: The market is quiet. Now Zealand salted, 66s to 70s; unsalted, 78s to 80s; Australian, 68s to 70s. Cheese: The market is steady. New Zealand white, 48s to 495; coloured, 48s to 495; Canadian, 51s. Joseph Nathan and Company, Limited, from Trengrouso and Nathan, Limited.—Butter: 695. Cheese: White and coloured, 48s. Both markets aro very quiet. DAIRY BOARD'S REPORT The New Zealand Dairy Produco Board has received the following market report from its London office, under date October 5, figures for the previous week being given in parentheses:— Butter. —Now Zealand: Salted, 66s to 70s, ex. 745, 66s to 70s equals approximately 7.70 d f.o.b. (65s to 68s, ex. 745); unsalted, 78s to 80s, ex. 84s (82s to 84s). Deliveries, New Zealand, 1969 tons (last year, 1765 tens); in store, 9522 tons (last year, 5033 tons). DeAustralian, 1230 tons (last year, 475 tons); in store, 4029 tons (last year, 800 tons). Australian: Salted, 68s to 69s up to 70s (66s to 68s, 695); unsalted, .70s to 72a (70s to 745). Danish: 96s f.0.b., 106s to 107s spot (87s, 105s-to 107s). Dutch: Unsalted, 66s to 76s (66s to 765). Estonian: Salted and unsalted, 58s lo 63s (5Gs to 60s). Latvian: Salted and unsalted, 58s to 62s (56s to 60s). Lithuanian: Salted and unsalted, 58s to 62s (56:r to 60s). Siborian: Salted, 61s to 62s (60s to 61s). Ukranian: Salted, 60s to 61s (59s to 60s). Polish: Salted, 52s to 56s (50s to 545). Tho market is quiet. Retail prices aro unchanged; Danish, Is Id; New Zealand, 9d. The Imperial Economic Committee's estimated stocks of all butters in store, 1,546,093 boxes (last year 879,371). Cheese.—New Zealand: White, 48s to 48s 6d, ex. 495, equals 5.17 d f.o.b. (47s 6d to 48s 6d); coloured, 48s 6d to 495, 5.23 d f.o.b. (47s to 47s 6d). Deliveries, New Zealand, 21,224 crates (last year, 19,261 crates); in store, 111,552 crates (last year, 95,500 crates). Australian: White, 48s 6d. Canadian: White, 50s to 51s; coloured, 51s to 52s (50s "to 525); Canadian finest, white, old season's, 62s to 66s (60s to 60s); c.i.f., white 495, coloured 51s (50s). Deliveries, Canadian, 10,648 boxes (last year, 7800 boxes); in store, 97,077 boxes (last year, 118,530 boxes). The market is steady. New Zealand retail price unchanged, 7d. English finest farmers', 82s to 88s (82s to 88s). Tho board lias received the following advico from its agents in Canada: — Butter: New York, 25J cents; Montreal, 19J cents. Canadian stocks, 6574 tons (last j-ear, 4607 tons). Cheese gradings for tho week ended September 29, 15,344 crates white and 5926 crates coloured. 9 BOARD'S F. 0.8. SCHEDULE [BX TELECIUrU —PRESS ASSOCIATION] •WELLINGTON. Saturday Tho Dairy Produce Board has fixed minimum prices for f.o.b. and c.i.f. sales as follows: —Butter, Bid, f.0.b.; cheeso, 4jjd. THE WOOL MARKET SALES IN DOMINION Sales of wool in New Zealand during September totalled 1072 bales, 1078 bales being offered, according to figures compiled by Dalgety and Company, Limited. The figures for Auckland wero 456 bales offered and sold. For tho three months of tho reason ended September, 4405 bales were offered and 4207 sold, tho Auckland figures boing 1006 bales oll'ored and sold. In the corlosponding period of the previous season, 21,037 bales wore offered (2660 bales at Auckland) and 23,005 bales (2587) sold. The decline this season is duo to smaller offerings at the wiuter oddment sales. Tho quantity of wool exported in September was 11,945 bales, 1271 bales being shipped from Auckland and Opua. Tho exports for the three months' period were 42,822 bales, compared with 76,064 bales last season, tho Auckland and Opua figures boing 4265 bale. j and 8336 bales respectively. GRAIN-MILLING INDUSTRY or ■ INCREASE IN OUTPUT A review of tho operation of the grain-milling industry for tho year 1933-34 shows that tho output of all products was maintained at a higher lovel than in 1932-33, although in some instances, such as oatmeal, other oaten products and pollard, the values were lower. There were 53 mills oporating, against 48 in tho previous year, and persons engaged in tho industry and wages paid recorded increases of 7 per cent and 6 per cent respectively, jho cost of materials used decreased by 1 per cent to £1,796,351, but quantities of wheat and oats consumed were higher. Tho total value of products was £2,411,257, against £2,384,392. lhe apparent consumption of flour in Now Zealand last year was 144,204 tons, the highest sineo 1930-31. QUOTATIONS FOR HIDES (Received October 7, 5.5 p.m.) LONDON. Oct. 6 At the London hides Bales to-day quotations wore: —Meat workß, dry salted: Queensland, 351b. to 40lb M od; 301b. to 401b., 4Jd; 251b. to 351b 4|d; Now South Wales, 5Jd, 5Jd, 53d and 53d. Wot salted: Queensland, 501b to 601b., 3jd; 401b. to 501b„ 33d; New South Wales, 4d and 3Jd; Victorian abattoirs, 3Jd and 33d.