SECOND-GRADE BUTTER

New Zealand Herald, Volume LXXII, Issue 22179, 5 August 1935, Page 5

SECOND-GRADE BUTTER

MARKETING PROBLEMS DELEGATION TO AUSTRALIA CO-OPERATION WITH DOMINION [by telegraph—pkess association] NEW PLYMOUTH, Sunday At the invitation of the Australian Dairy Produce Board, it is understood, a delegation from the New Zealand Dairy Board will visit Australia about the end of September with the object, among other matters, of making more satisfactory arrangements for the disposal of Australian sccond-grado butters. The marketing of these butters is at present conducted along the lines of the general system under which New Zealand disposes of its second-grade butters, and events have shown the desirability of closer co-operation between the two boards. The question of a minimum weekly price agreement concerning the produce of both countries will also be discussed and possibly revised. It is understood the delegation will consist of Mr. C. P. Agar, deputychairman of the board, and Messrs. lorns and J. Dunlop. LONDON MARKET FIRM ADVANCES TO FACTORIES BEST SINCE OCTOBER, 1933 The London butter market remains firm at 03s to 94s per cwt. Cheese is steady at 44s to 46s per cwt. Advances to factories against consignment in August have been fixed for butter Jd higher at 9id per lb. and for cheese unchanged at 4d per lb. The rate for butter is the highest since October, 1933, when IOJd was paid. The figures for August of last year were 7jd for butter and 4Jd for cheese. Merchants have 1 received the following cablegrams, dated August 2, from their London principals:— A. H. Turnbull and Company, Limited, from W. Weddel and Company, Limited. —Butter: Danish, 109s; New Zealand, salted, 945; Australian, 925. The market is steady. New Zealand cheese: White, 45s 6d; coloured, 455. The market is firm. New Zealand Producers' Co-operative Marketing Association, Limited. —Butter: New Zealand, 93s to 945; Danish, 108s to 110s. The market is firm. Cheese is steady, with prices unchanged. Allen and Findlay, Limited, from Armour and Company, Limited.—Butter: The market is firm. New Zealand, salted, 93s to 945; unsalted, 100s to 102s; Australian, 92s 6d; Danish, 110s. Cheese: The market is steady. New Zealand, white, 45s to 465; coloured, 44s to 455. MINIMUM P. 0.8. RATES BOARD'S EXPORT SCHEDULE [BY TELEGRAPH PRESS ASSOCIATION'] WELLINGTON, Saturday The minimum f.o.b. rates fixed by the Dairy Produce Board are unchanged at 10Jd per lb. for butter and 5d for cheese. These rates are equal to 88s 3d and 44s per cwt. c.i.f.e. GOLD AND SILVER QUOTATIONS IN LONDON (Received August 4, 5.5 p.m.) LONDON, Aug. 3 Fine gold is quoted to-day at £7 0s lid an ounce, compared with £7 0s lOd yesterday, and £7 0s 9jd on Thursday. Silver was quoted yesterday at 30 3-16 d an ounce spot, and 30 5-16 d forward, same as on July 31. CANTERBURY PRODUCE POTATO MARKET QUIET [BY TELEGRAPH —PRESS ASSOCIATION] CHRISTCHURCH, Saturday The potato market, which began to show a little life' at the beginning of the week, has again lapsed into the moribund state in which it was at the end of last week. There appears to be a disinclination for business both in town and country. The Waimarino departed with a further 7112 sacks, 1662 from the Bluff, 1550 from Timaru and 3900 from Lvttelton. About 30,000 sacks have gone North in the last fortnight. A proportion of these three shipments comprises seed and some went to other ports, but enough has gone to Auckland to keep the supply there plentiful for a fortnight. Another boat loaded at Timaru and Lvttelton on Thursday and Friday. As there is no steady demand the market is erratic and quotations are hard to give definitely. Nominal price for whites on trucks is £6 5s to £6 10s per .ton and Dakotas £7 ss. Other markets are lifeless, particularly the small seeds market, which at this time of year usually begins to show some signs of improvement. A halfpenhv increment went on to the price of milling wheat on Thursday. There will be a further increment of Jd next month, but that will bo tho last. STATISTICS OF TIN , LONDON, Aug. 2 The statistical position of tin at the close of July compares with previous periods as follows: — May June July Tons Tons Tons World visible supplies 15,831 13,355 12,537 Straits carry-over .. 1,276 842 2,240 Supplies .. 7,685 §>;26 Deliveries .. 8,141 i ,702 7,b,i0 COTTON, RUBBER, JUTE, ETC. (Received August 4, 5.5 p.m.) LONDON, Aug. 3 (Quotations on July 27 in parentheses.) Cotton. —Spot, 6.68 d (6.80(1) a lb.; September delivery, 6.21 d (6.40 d). Rubber.—Para, 4Jd (4Jd)_a lb.; plantation and smoked, 5Jd (5Jd). Jute. —August-September shipments, £lB 12s Gd (£lB 7s 6d, July-August) a ton. Copra. August-September shipments, South Sea, sun-dried, £9 los to London and Rotterdam (£9 15s) a ton; South Sea, smoked, £9 15s to Marseilles and Genoa (£9 los); plantation, Rabaul, hot air dried, £lO los to London and Rotterdam (£lO 15s). Linseed 0i1.—£24 los (£24 ss) a ton. Turpentine.—4Bs 3d (43s 3d) a cwt.