BUTTER EASIER

New Zealand Herald, Volume LXXI, Issue 21967, 26 November 1934, Page 5

BUTTER EASIER

LONDON MARKET QUIET NEW ZEALAND AT 72/- TO 75/CHEESE ALSO SLOWER A slightly easier tone has developed in the London market for butter. Quotations for New Zealand finest range from 72s to 75s per cut., while Danish is worth from Ills to 117s. The market is quiet. Stockd of New Zealand butter in London increased over the week by 271 tons to 5129 tons, which compares with 2000 tons at the same time last year. A slight decrease is shown in Australian stocks, which amount to 2576 tons. , The market for cheese is also quiet with values a shade easier. Merchants have received the following cablegrams, dated November 23, from their London principals:— H. S. Withers, from A. C. Itowson. — Butter: Finest, 735; first, 725. Cheese: White, 50s; coloured, 495. Both markets are weak. A. H. Turn bull and Company, Limited, from W. Weddcl and Company, Limited.—Butter: Danish, 117s; New Zealand salted, 72s to 755; Australian, 71s to 745. -Cheese: New Zealand white, 49s 6d to 50s; coloured, 48s to 495. Both markets are quiet. New Zealand Producers' Co-opera-tive Marketing Association, Limited. — Butter: New Zealand, 72s to 745; Danish, Ills. Cheese: White, 49s 6d to 50s; coloured, 48a Gd to 495; Both markets are quiet, W. W. Bowker from A. J. Mills and Company.—Butter: New Zealand, finest, 74s to 755; first, 72s to 735; Danish, 116s; f.0.b., 945; Australian, 73s to 745. Cheese: New Zealand white, 50s; coloured, 495; Canadian white and coloured, 52s to 535. Both markets are slow. Allen and Findlay, Limited, from Armour and Company, Limited.—Butter: New Zealand salted, 72s to 755; unsalted, 74s to 765; Australian, 73s to 745; Danish. 114s. Cheese: New Zealand, white, 49s to 50s; coloured, 48s to 495; Canadian, 545. Both markets are quiet. DAIRY BOARD'S REPORT Tho New Zealand Dairy Produce Board has received tho following market report, dated November 23, from its London office, figures for the previous week being given in parentheses:—Butter: New Zealand, salted, 73s to 755, equals approximately 8.45 d, f.o.b. (74s to 765); unsalted, 74s to 76s to 78s (76s to 78s). Deliveries: New Zealand, 1703 tons (last year, 1638 tons); in store, 5429 tons (last year, 2600 tons). Australian, salted, 72s to 74s (74s to 755); unsalted, 74s to 75s to 76s (75s to 765), Deliveries: Australian, 1298 tons (last year, 1062 tons); in store, 2576 tons (last year, 590 tons). Danish, 95s f.0.b., 117s" spot (100s, 120s to 1225). Dutch, unsalted, 88s to 92s (82s to 925). Estonian, salted and unsalted, 70s to 73s (72s to 745). Lithuanian, salted, 70s to 74s (72s to 745); unsalted, 70s to 76s (72s to 775). Siberian, salted, 71s to 72s (--). Polish, salted, 66s (67s to 68s). The butter market is quiet. New Zealand retail price, lOd; Danish, reduced to Is 2d. Cheese:—New Zealand, white, 49s 6d to 50s, 0.37 d f.o.b. (525); coloured, 48s to 495, 5.14 d f.o.b. (51s 6d to 525). Deliveries: New Zealand, 15,571 crates (last year, 16,753 crates); in store, 68,054 crates (last year, 35,796 crates). Australian, white, 49s 6d ( —); coloured, 48s 6d to 49s ( —); Canadian, white, 55s (555); coloured, 55s to 56s (55s 6d). Deliveries: Canadian, 6761 boxes (last year, 9700 boxes); in store, 141,700 boxes (last year, 189,810 boxes). English finest farmer's, 82s to 88s (82s to 88s). The market is quiet. New Zealand retail price unchanged, 7d. The board has also received the following advice from its agents in Canada—Butter: New York, 29 cents; Montreal, 21 cents. Cheese gradings for week ended November 17: 31,861 crates white; 15,246 crates coloured. MINIMUM F. 0.8. PRICES DAIRY BOARD'S SCHEDULE ('BY TELEGRAPH —PRESS ASSOCIATION] WELLINGTON, Saturday The New Zealand Dairy Produce Board has fixed the minimum prices for f.o.b. sales on the basis of butter B|d, and cheese',' sd. These prices are subject to agents' commission of li per cent. Last week's rates were BJd and 5Jd. LIGHT BUTTER BOXES COMPLAINT FROM BRISTOL OLD STYLE OF PACKING URGED [FROM OUR OWN CORRESPONDENT] HAMILTON, Saturday At the quarterly meeting of the national council of the Federation of Grocers' Associations of tho United Kingdom tho question of tho typo of butter-box used by New Zealand producers was discussed and tho following motion was proposed by Mr. E. F. Gillctt, on behalf of tho Bristol Association: —"That packers of butter be asked to revert to the use of tho heavy typo of box, as it is found in Bristol that buttor delivered in light boxes is in a less good condition than when packed in the heavier and more substantially constructed box." Mr. Gillett said it had been found in Bristol that the boxes in which buttcr was coming from Now Zealand were a positive curse. Discolouration was caused, and the buttor did not seem to be so fresh as formerly. He would like the federation to ask tho New Zealand Dairy Board if it could not see its way to rovcrt to tho old stylo of packing butter in heavy boxes. The motion was referred to tho Parliamentary committee. , When the subject of the complaint was referred to Mr. C. J. Parlane, general manager of tho Now Zealand Co-operative Dairy Company, Limited, ho described the statements as eyewash." Frequent reports had been received concerning the quality or the butter-boxes used by New Zealand producers for tho British trade, lie said, and tlieso showed that the purchasers of Now Zealand butter were well satisfied with the containers used IVo complaints had boon received by the company. .On tho Contrary, com pi i" montarv references to the type of box used had been forwarded from England. COTTON, RUBBER, JUTE, ETC (Received November '25. 5.5 p.m.) LONDON. Nov. 24 (Quotations on Nov. 17 in parentheses) Cotton.—Spot, 6.01 d (7.08 d) a lb.; December delivery, 6.62 d (6.88 d). Rubber. —Para 5Jd (5Jd) a lb.; plantation and smoked, 6jd (6Jd). Jute. November - December shipments, £ls 18s 9d (£ls 17s 6d) a ton. Copra.—December-January shipments, South Sea, £8 2s 6d (£7 17s 6d) a ton; South Sea. smoked, £8 (£7 15s); plantation, Rabaul, £9 (£8 15s). Linseed Oil.—£l9 5s (£l9 10s) a ton. Turpentine.—44s (44s 6d) a cwt.,