BUTTER RISES AGAIN

New Zealand Herald, Volume LXXIII, Issue 22463, 6 July 1936, Page 5

BUTTER RISES AGAIN

TRICES UP TO 110/MARKET FIRM AND ACTIVE CHEESE ALSO HIGHER There lias been a further rise in prices for New Zealand butter on'the London market, choicest salted now being quoted 2s higher at up to 110s per cwt. The market is Jinn and active with signs of advancing, according to merchants' reports. A Press Association message sent from London on Saturday, however, states that there is little doing in butter and fluctuations around present levels are likely to continue. Cheese values also are again higher, both white and coloured selling at 59s per cwt., an increase of about (id. The market is firm.

Merchants have received the following cablegrams, dated July 3, front their London principals:— A. H. Turnbull and Company, Limited, from W. Weddel and Company, Limited.—Butter: Danish, ]l7s; New Zealand, salted, ]o9s; Australian, 108s. Cheese:- White and coloured, 595. Both markets are firm.

New Zealand Producers' Co-operative Marketing Association, Limited.—Butter: New Zealand, 108s,to 109s; Danish, 117s. Cheese: White, 58s Gd to 595; coloured, 58s Gd to 595. Both markets are firmer.

Mr. H. S. Withers, from Bowson and Company.—Butter: Finest,' 110s. Cheese: White and coloured, 595. Both markets are advancing and active. Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited. l —Butter: The market closed firm, 109s to 110s. Cheese: 595.

Allen and Findla.v, Limited, from Armour and Company, Limited.—Butter: New Zealand, salted, IOGs to ]08s; unsulted, 107s to 108s; Australian, 3075; Danish, 117s. Cheese: New Zealand, white, 58s to 595; coloured, 58s to 595; Canadian, G7s. Both markets are firm.

DAIRY BOARD'S REPORT Ilit! New Zealand Dairy Board lias received the following market report from its London office, dated July 3, 1936 (figures for the previous week being given in parentheses):— • Butter.—New Zealand, salted, 106s to 108s up to 109s (equals approximately 12.04 d f.0.b.) (105s to 106s); New.Zealand, ununited, 107s to 108s; exceptional, 110s (107s to 108s). Deliveries: New Zealand, 1(307 tons (last year, HOD tons); in store, 4222 tons (last year, 7012 tons). Australian, salted, 105s to 107s (101s to 105s); unsalted, 105s to 106s up to 107s (105s to 100s). Deliveries: Australian, 887 tons (last year, 1297 tons); in store, 4209 tons (last year, 8593 tons).* South Africa, 100s to 102s (102s to 103s); Danish, 95s f.0.b., 117s spot (93s and 117s); Dutch; unsalted, 98s to 100s (98s to 100s, exceptional, 104s); Estonian, salted and unsalted, 99s to 100s (98s to 100s); Siberian, salted, 101s to 10,3s ( —); Ukrainian, salted, 102s 10,3s (—); Polish, salted, 92s to 95s (91s to 955, exceptional, 965); Polish, unsalted, 92s to 95s (94s to 955); Lithuanian, salted, 99s to 100s (98s); 'unsalted, 99s to ]oos (98s to 100s). The market is firm. Retail prices unchanged. New Zealand, Is Id. Danish, Is 2d.

Cheese.—New Zealand, white, 58s' to 59s (58s); coloured, 58s to 59s (58s) (equals approximately 6.48 d f.0.b.). Deliveries: New Zealand, 18,816 crates (last year, 18,679 crates); in store, 99,446 crates (last year, 171,636 crates). Australian, white, 56s to 57s (56s to 56s (3d); coloured, 56s to 57s 6d (56s to 575). Canadian, white, G7s to 70s (06s. to 68s); c.i.f., 61s 6d (61s); coloured, 61s (3d (625). Deliveries: Canadian, 3700 boxes (last year, 21-12 boxes); in store, 50,188 boxes (last year, 46,313 boxes). The market is firm. New Zealand retail price unchanged, 7d. English factory, 56s (55s to 575, exceptional, 58s). The market is quiet.

MINIMUM F. 0.8. PRICES BOARD'S HATES UNALTERED f lho New Zealand Dairy Board has fixed minimum prices for f.o.b. and c.i.i. sales on the basis of butter, 13d per lb., and cheese, both unchanged. These rates are subject to agents' selling commission of 1$ per cent, and are equivalent to butter, 104s 3d per cwt., c.i.f.e., and cheese, 55s 4d per cwt., c.i.f.e.

LONDON FRUIT MARKET PRICES' SLIGHTLY BETTER . (Received July 5, 5.5 p.m.) LONDON, July d Arrivals of apples have markedly declined, but oflerings aro still in excess of market requirements. Receivers aro retaining parcels of Sturmers and other hard varieties when their condition is suitable and offerings consequently are lessened. Prices, though still unsatisfactory, have slightly increased.

Heavy rains have affected tho ungathered cherry and strawberry crops in England, thus lessening competition from them. Most of the apples offered are of very ordinary quality and there is little business in pears, supplies of which aro light. New Zealand apples, by the Tongariro, Cumberland, Hororata and Rangitata, sold as follows:-—Granny Smiths, 8s to 12s; Stunners, 7s to 7s Gd

EMPIRE CONFERENCE REPORT TO GOVERNMENT LONDON, July 3 The full conference of Empire fruit producers to-day adopted the sub-com-mittee's recommendations. The report will bo signed on Wednesday and forwarded to the British Government. An official told a representative of the Australian Associated Press that the outcome of the conference was most satisfactory, and lie was confident that legislation on the lines of the recommendations would benefit the industry throughout the Empire.

AUSTRALIAN ORANGES COMPARISONS OF PRICES ADELAIDE, July 1 The fixation of prices for South Australian oranges entering New Zealand was discussed to-day by the acting-sec-retary of the Murray Citrus Growers' Association, Mr. J. J. Mcdlcv. The published comparison of retail prices of Island and South Australian oranges in New Zealand, said Mr. Medley, suggested either that New Zealand was a congenial place for fruit retailers, or that those whoso personal interests such comparisons might serve wero capable of treating facts with scant respect. The statement that South Australian oranges wero purchased at approximately 2d each, and could be retailed at 7}d each, needed no comment. South Australian growers obviously could not control retail prices in the Dominion.

The obvious intention of the comparison was to impute profiteering to those w ho controlled the supply of South Australian oranges to New Zealand, ft was more or loss a repetition of previous efforts, which hud been singularly unsuccessful.