EXPORTS OF BUTTER

New Zealand Herald, Volume LXXV, Issue 23068, 20 June 1938, Page 7

EXPORTS OF BUTTER

MAY SHIPMENTS HIGHER DROP IN SEASON'S TOTAL DECREASE OF 2322 TONS Following a decrease in production for the 10 months of the dairying season ended May 31 of approximately 6 per cent, exports of butter for the same period also have shown a decline compared with last season. Figures supplied by the. New Zealand Dairy Board by arrangement with the Primary Products Marketing Department show that total exports for the period ended May 31, amounted to 1'27,572 tons, as against 129,891 tons in the previous season, a decline of 2322 tons. Shipments during May, however, amounted to 11,894 tons, an increase over the figures for the same month last year of 1482 tons. The quantity slipped to London during the 10 months of the export season declined by 4986 tons to 88,443 tons, while smaller quantities also were taken by Manchester, Liverpool, Glasgow, Honolulu and the West Indies. Exports to other countries totalled 2536 tons, against 861 tons a year ago. Shipments of butter in the first five months of 1938 and 1937 compare as follows: — 11)38 3037 I'ons Tons_ January .. .. I.V>l"> IV.OSo February .. .. l-\S'j;s J-7'V-r March .. •- 15.184 14.4 to April .. V,.V->9 13,122 May •• •• 11,«>1 10,112 Total shipments to the United Kingdom from Australia and New Zealand during May amounted to 15,306 tons, against 15,706 tons a year ago. NewZealand's exports, however, were higher by 1411 tons while Australia's were 3732 tons, compared with 5543 tons in May, 1937. l ( or the 10 moiiths of the season, Australia s exports amounted to 76,438 tons, as against 65,707 tons. _ _ . , Imports of butter into .Britain, in tons, from all sources in the five months ended May in the last three years are

Tho estimated stocks of nil butters in London on Juno 1, together witli fitorkH in New Zealand and afloat were .30,247 tons, compared with 42.787 tons a year ago. Stocks in London at tho same data wore estimated at 25,348 tons, as against 10.800 tons a year ago. COST OF LIVING LATEST BRITISH FIGURES British Wireless RUGBY, Jnnc li The Ministry of Labour announces that the cost of b'ving index on June 1 was approximately 55 per cent above tho level of July. 1914, against 56 per cent the month before and 52 per cent a year ago. <• COTTON, RUBBER, COPRA, ETC. (Received June 10, 5.5 p.m.) LONDON, June 18 (Quotations oil Tune 11 in parentheses) Cotton. —Spot, 4.69 d ( 4.4.3d) a lb.; July delivery, 4.50 d (*4.34 d). I?ubber.—Para, Od (53d) alb.; plantation and smoked, 5 31-32 d (5 f)-16d). Jute—July-August shipments, £l(s 8s lid (£l6 12s 6d) a ton. Copra.—June-July shipments, South Sea, sun-dried, £0 12s Gd ton, London and Rotterdam (£9 Vis) a ton; South Sea, smoked, £0 12s 6d to Marseilles and Genoa (£9 15s); plantation, Kabaul, hot-air dried, £lO 7s 6d to .London and Rotterdam (£lO 10s). 1 Linseed Oil. —£24 15s (£24 10s) a ton. Turpentine.—3ls (31s) a cwt. •Quotations on June ■£,

as follows: — New Zealand Australia Irish Free State. Other British 1038 63,235 ■Hi,.VI3 1 ,<>-5 1,022 1037 70,023 34,075 1,8-14 4,803 1036 65,007 52,085 3,584 5,215 Empire . 1 12*1*05 111,045 120,581 Denmark • Finland . . Kussia Sweden Netherlands Estonia Latvia Lithuania Argentine Other foreign 4,0,220 .1,155 0,553 13. ISS 2,0< >S 5,1 4 2 •2. SHI 003 0,070 45,518 3,528 1,032 3,030 1 1,401 2.O80 0.408 2.010 4,050 1.710 42,704 2,000 1,445 2.S87 12,243 1,417 2.330 2,043 3,414 3,130 Foreign • 80,215 82,654 74,870 Total • 202,210 104,200 201,100