BUTTER EXPORTS RISE

New Zealand Herald, Volume LXXIV, Issue 22864, 20 October 1937, Page 11

BUTTER EXPORTS RISE

SEASON OPENS WELL INCREASE IN PRODUCTION LOWER AUSTRALIAN OUTPUT Indications of favourable prospects for the current dairying export season, which opened officially on August 1, have already been fulfilled. Shipments of butter during the first two months of the new season-'at 22,703 tons are already 4030 tons in advance of the same period last- season, largely due to an increase of 3279 tons in September. Exports of cheese at 12,541 tons show a'i-i.se of 2958 tons over last year. New Zealand is still reaping the benefit of reduced production in Australia, due to drought conditions-. Shipments of butter from the Commonwealth during the first two months of this season totalled 5141 tons, against 7112 tons in the same period of the past season. New Zealand's Increase During the first nine months of the calendar year, Australia has exported 51,892 tons of butter to Great Britain, compared with 67,960! tons in the previous year and 83.3(35 ; tons in 1935..j5ew Zealand is practically the only Empire country whose ship-| nients to Britain have increased in re-, cent years. From 98,782 tons in the ] first nine months of 1935, her shipments increased to 102,856 tons in the same period last year and to 111,807 tons this year. Evidence of the increasing competition being met by Empire butters from foreign countries is shown by the fact j that Great Britain is importing steadily increasing quantities from foreign sources. This is being done to the detriment of Empire producers, hut New Zealand is the only one which is not affected. In the first nine months of this year, out of a total of 358.931 tons of butter imported into Britain, Empire countries supplied 183,569 tons and foreign countries 175.362 tons. The proportions last year were 198.416 tons and 173,978 tons and in 1935, 208.868 tons, and 165,761 tons respectively. Increased outputs from Denmark, the Netherlands, Sweden and Finland are largely responsible. Imports from Russia have declined. Imports Into Britain I The following table shows the imports of all butters, in tons, into Britain in September of the past three vea rs: 1037 iitrirt 1035 New Zealand .. O.nl'O 10,7s<t K. 030 Australia .. .. 1,503 4.235 1,821 Irish Free State . 2,223 3, Hi'.' 2.300 Other British .. Ill) 327 407 Empire.. .. 13.074 18,501 13,050 ! Denmark .. .. 9,071 0,517 8,215 Finland 117 535 3HB Soviet Un. (Russia) 1,51)0 4,713 3,870 "Sweden .. .. 517 010 723 Netherlands .. 2,070 3,721 1.010 Estonia .. .. 408 721 <IHB Latvia .. .. 580 088 1,010 Lithuania .. 1,182 1,702 1,057 Argentine .. 1 301 1 Other Foreign .. 761 2,503 B<s Foreign .. 17,020 25,057 10,812 Tola I tons . . 31.303 43,501 33,102 The estimated stocks of all butters in London at September 1, together with export stocks in New Zealand and afloat, totalled 21,902 tons, against 19.437 tons at September 1, 1936, and 15,969 tons in 1935. | _____ CHEESE ALSO INCREASES SEPTEMBER SHIPMENTS RISE The total exports of cheese in September were 2131 tons higher at 6712 tons, while the two months' total increased by 2958 tons to 12,541 tons. Of the September output 68 per cent was white and 32 per cent coloured, against 71 per cent and 29 per cent respectively in September, 1936. British imports of cheese, in tons, during September of the past three years arc as follows: 1037 1030 1035 Xew Zealand .. 5,055 5,8-10 5,212 Australia .. .. 257 30 200 Canada .. 5,810 3,5.3 5.132 Other British .. 112 01 110 Empire • .. 12,131 0,510 10,758 Netherlands .. 738 025 050 Italy ■ . .. 208 10 308 Switzerland .. 113 l°f £ Other Foreign .. 137 210 <o Foreign • .. 1.250 000 1.114 Total tons . . 13,300 10,518 11.872 Estimated stocks of all cheese in England at September 1, together with export stocks in New Zealand and afloat, were 22,781 tons, compared with 19,144 tons at September 1, 1936, and 22,127 tons in 1935.

LONDON MARKET FIRM BUTTER SUPPLIES SHORT The London butter market was firm at the close of last week with supplies short. The Imperial Economic Committee estimated stocks of all butters in store at 478,024 boxes, against 986.862 boxes at the same time last year. The cheese market is steady. By arrangement with the Primary Products .Marketing Difyartment the following information is supplied for the week ended October 16. figures for the previous week being given in parentheses: — Butter. —Now Zealand, salted, 135s (130s); unsalted, 135s to 136s (130s to 131s). Deliveries: New Zealand, 1831 tons (last year, 1801 tons); in store, 4821 tons (last year, 472") tons'). Australian. salted and unsalted, 134s to 135s (130s). Deliveries: Australia. 847 tons (last vear, 760 tons); in store, 814 tons (last year, 66S tons). New Zealand retail price unchanged, Is 4d. Danish, 1235, f.0.b., 145s spot (118s, 130s to 140s); Dutch, unsalted, 133s to 13 Is (1295); Estonian, salted, 132s to 133s (—); Lithuanian, unsalted, 133» (128s): Siberian, salted, 132s to 133s (—). Danish retail price unchanged, Is sd. Cheese.—New Zealand, white, /Oh bd (70s 6d to 71s); coloured, 69s JM (70s). Deliveries: New Zealand, 13,0/1 crates (last vear, 16,154 crates); in store, 42,524 crates (last year, 40,402 crates). New Zealand retail price unchanged, 9d. Canadian, white, 70s _to 7]s (70s to 71s); coloured, 71s to 72s e.i.f., 70s Cd (00s 6d>; old season's, white, 83s to 84 s (82s). Deliveries: Canadian, 16,343 boxes I last year, 10,734 boxes); in store, 143./43 boxes (last year, 104,771 boxes). Knglish, finest farmers', 90s to 92s (JOs). The market is steady. HEMP AND TALLOW EGG MARKET SLOW The Department of Agriculture has received the following cablegram, dated October 16, from the High Commissioner for New Zealand, London : Tallow. —The market is quiet and quotations are unchanged. Hemp.—The .Manila market is very quiet and the tone is easier; closing sellers for October-December shipments, £26 ss. The sisal market is cpuict and irregular. October-December shipments sold down to £25 7s 6d. The New Zealand market is very quiet, and no firsthand sales are reported. \ allies nominal on the basis of high points, £27 10s. Eggs.—The market is slow. English, national pack, 15s 6d to 225; English, ordinary pack, 18s 6d to 19? 6/1; Danish, 13s 9cl to 15s 3d; Australian, 12s Od to lis.

NEW PRIVATE COMPANY The following private company has been registered in Auckland: — Smith's f!amcp, Limited, motor crnraee proprietors and engineers. Capital, £"2500, ill £1 shares. Subscribers: H. T. Smith, «iOU shares; W. L. Hughes, 100.