STOCKS OF BUTTER

New Zealand Herald, Volume LXXII, Issue 22251, 28 October 1935, Page 5

STOCKS OF BUTTER

INCREASE IX LONDON AUSTRALIAN STILL SHORT DAIRY BOARD'S REPORT Stocks of butter in London showed a slight increase last week, New Zealand being 238 tons higher at 3SB-4 tons, and Australian 21 tons lower at 713 tons. The quantity of New Zealand cheese in store remains unaltered at 67,102 crates, substantially less than that, a year ago. The New Zealand Dairy *Board has received the following market report from its London office, under date October 25 (the previous week's figures being given in parentheses)— Butter.—-New Zealand, salted, 112s to 114s; exceptional, 116s, equals approximately 13.4 d, f.o.b. (122s to 1245); unsalted, 322s to 124s (126s to 128s). Deliveries: New Zealand, 1671 tons (last year, 2263 tons); in store, 3884 tons (last year, 6399 tons). Australian, salted, 112s to 114s (122s to 1255); unsalted, 116s to 118s (125s to 1265). Deliveries: Australian, 530 tons (last year, 1152 tons); in store, 713 tons (last year, 3205 tons). The market is steadier at lower price. New Zealand , retail price, Is 3d. Danish, 108s, f.0.1j,; 130s spot (116s and 1365); Dutch, salted. 112s to 114s ( —); unsalted, 123s (1235); Siberian, salted, 112s to 114s (—); Polish, salted, 106s to 108s (114s to 116s). The market is quiet. Danish retail price, Is 4d.

Cheese.—New Zealand, white, 58s, equals approximately 6.42 d, f.0.b.; exceptional, 59s (61s 6d); coloured, 58s to 595, equals approximately G.lSrl, f.o.b. (61s 6d). Deliveries: New Zenland, 12,690 crates (last, year, 18,332 crates); in store, 67,192. crates (last year, 100,923 crates,). Canadian, white and coloured, 58s to 62s (60s to 625)4 old season's, white, 60s to 68s (64s to 68s); c.i.f., 56s (625). Deliveries: Canadian, 10.320 boxes (last year, 13.271 boxes); in store. 135,226 boxes (-last year, 114.326 boxes). English finest farmers', SBs to 98s (86s to 965). The market is slow. New Zealand retail price, unchanged, 7d and Bd.

MINIMUM exfort rates

REDUCTION FOR BUTTER

The minimum f.o.b. rates fixed by the Dairy Produce Board for the period from October 26 are as follows:—Butter, 13d rier lb. (a fall of ar.d cheese, s}d (unchanged). These rates are equivalent to IOJs 4d and 47s lOd per cwt., e.i.f.e., and are less li per cent commission.

INACTIVE CONDITIONS REPORTS OF MERCHANTS The quiet conditions ruling on the London market for butter toward the end of the week are continuing and buyers are reported to be inactive. New Zealand is now quoted at 110s to 114s per cwt. with Danish at 130s. The tone of the "cheese market is weak and both New Zealand white and coloured are quoted at 56s to 575, a fall of Is. Merchants have- received the following Cablegrams, dated October 25, from their London principals:— Allen and Findlay, Limited, from Armour and Company, Limited. —Butter: The market is slow. New Zealand, salted, 110s to 113s; unsalted, 118s; Australian, 113s; Danish, 130s. Cheese: The market is slow. New Zealand, white, 58s; coloured, 58s; Canadian, 595.

A. H. Turnbull and Company, Limited, from W. Weddell and Company, Limited.—Butter: Danish, 130s; New Zealand, salted, 113s; Australian, 112s. Buyers have retired from the market. Cheese: The market is weak. New Zealand, white and coloured, 575. New Zealand Producers' Co-operative Marketing Association, Limited.—Butter: New Zealand, finest, 113s to 114s; first, Ills to 112s; Danish, 130s._Cheese: White and coloured, 56s to 575. Both markets are quiet. ALBERTLAND PAYMENTS FINAL FOR LAST SEASON [i.i*ROM ora owx correspondent] WELLSFORD. Saturday The Albertland Co-operative Dairy Limited, made the* final payment for last season on Friday. It was at the rate of 3-Jd per lb. of butter-fat for cream supplied in last March and April and 2Jd for May. This brought up the total average payment for last season's supply to approximately 9£d per lb. of butter-fat over all grades at farm gates. TRADE WITH SUVA DOMINION CONNECTION A NEGLECTED OPPORTUNITY [BY TELEGRAPH —OWN CORRESPONDENT] HASTINGS, Saturday In the opinion of Mr. G. D. Sweetapple, of Napier, New Zealand is missing a golden opportunity of establishing a valuable trade connection with Suva, which at the present time appears to be dealing with Australia 111 the bulk of her necessities. Mr. Sweetapple spent three weeks in Suva recentlv, when he was a member of a New;.' Zealand bowling team which visited Fiji. ' "One of the main-things that occurred to me was the fact uiat Suva, seems to get the major portion of her from Australia," he said. "This seems strange, because New Zealand is only three days' travel from Suva, whereas Australia is nearly double the timo away. It seems that the Dominion appears to be maintaining a much too independent attitude regarding trade expansion. Many leading firms do not appear to want to hunt up new business." . . Mr. Sweetapple is of the opinion that New Zealand could supply Suva with a large quantity of bacon and butter. No New Zealand tobacco went to Suva sealed, whereas Australian tobacco was imported there in large quantities.

RABBITSKIN VALUES EXPORT GRADES DEARER There was a small offering of rabbitskin# at last week's Dunedin sale, the bulls being hitters' grades, spotteds and outgoings. There was again ft; good demand on export account, ana all ww grades ruled very firm to 3d dearer. "Winter sorts were inferior in Quality and were 3d to 6d lower. From now on sales will be held monthly throughout the summer, the next being on November in. . Following is the range of prices First winter bucks. 923 d: second winter bucks, 72d; spotted winter bucks, 67* d; outgoing winter bucks, 63d; first spring bucks, 41Jd; second spring bucks. S'2d; first winter does, fif.d; second winter does, G5Jd; spotted winter docs 57} d; outgoing winter does, 44Jd; stained does, 88d; first spring does, 33d; spring bucks, 8.5., 34d; spring docs, B.S . 30 : , d; second winter bucks. 8.5., GOd; tirst winter bucks. 8.8., 72(1; light racks, 29Jd; summer broken. 29d: second winter broken, 32jd • first winter broken, 37id: first milky, 323 d; second milky, 30d; second winter black, 80d: first winter black, 40d; hareskins, 6d; horsehair, lSd.