DAIRY PRODUCE

Wanganui Chronicle, Volume 75, Issue 114, 17 May 1932, Page 9

DAIRY PRODUCE

MARKET UNCERTAINTY LONDON POSITION WEAK j Tlicrp uus no ing’i. when the niurkel | ' closed in London on Friduy. oi any ! 1 improvement in butter prices. N'.av < Zealand salted, was quoted at 96s t" , 97s a cwt,. Is down on the week. ny.<l ' practically on a par with Australian. I 1 New Zealand chee.-v. tit 57s to 58s. i.-j Is to 2s lower than a week ago. Commenting' upon the position, A. H Turnbull and Company. Limited, state that in view of the coming of th' northern hemisphere spring producttoi it seems hardly possible c-j expect an.. - material .improvement in the imim diato future. On the other hand, lower prices have stimulated comsump tioii, and the market was slighii ’ stronger in consequence. Much -i l ' 1 pended in the future upon the weatliei in the. northern hemisphere producing!' countries and the resultant shipment.- ■ Io Great Britain. The failure of the tariff to produce I any real benefit owing to the Danish ' producers having absorbed the 10 pci cent, duty is- commented upon b> Joseph Nathan and Company. Limbed which issues an appeal to New Zea laud farmers to help Great Britain U help the Dominions. “AVe now loot toward the Ottawa Conference for fur . ther assistance, but it must be remembered that we cannot expect Britain . to nurse the Dominions by incrcasin;: the tariffs on foreign foodstuffs unles.- ; we. ton. assist British industry. ■ states this company in the course oi i : its market survey. A special cablegram from J’, and J - I l.onsdale and. Company. .London, stale. i that the present industrial, linancia. . [ and political conditions make a fore : cast of the market impossible. Pres I ent indications were for a continuanc.' : of tow prices, but it was pointed out | » that any change in the foregoing con ! ditious might quickly alter the outlook Australian butter is stilj being | quoted on a parity with New Zealand | and both are seriously’ feeling the com 1 petition of Continental supplies, which ; arc being denied closer markets owing i I to the operation of European embar- j I goes. i “The essence of the situation.’ i i states A. S. Paterson and. Company, j I Limited, in its* week circular, “is that | j the United Kingdom market must be | largely conserved for Empire butter H ' I the latter is to enjoy reasonable price , conditions in the future. It is ab i solutely essential that this aspecl j ; should bo dealt with with the maxi- , i mum efficiency at the Ottawa Confer1 once. I “A. successful conclusion from ou) I I point of view to the negotiations at Ottawa will be of enormous import- ! unco to New Zealand. There must be I no mistake in the attitude, nor lack of

letcrmination on the part, of th opresonting New Zealand at t gathering. ” The Dairy Board’s London office inrts Friday’s- closing prices in L !on as follows, those for the previ< reck being shown in parentheses:— Butter New Zealand salted, 95s tu 97s (i u 98s; May 13, 1931, 108 s to .110:

[ uiisalted, 96s to 100 s (98s to ,102sj; May 13, .1931, 110 s to 114 s); first whey, i 92s (not quoted); second whey, 90s I (not quoted). Deliveries, 1925 tons; in • store? 4916 tons. . Australian, salted. 945, 96s tu 975, i (96 to 98s); unsalted, 95s’ to 96s (965• !io 98s). Deliveries, 1138 tons; instore/ 1100 tons. ' .•Argentine, uiisalted, 90s to 92s (945; | to 965). South Africa, 88s to 94s (88s to 94s i. Danish, 88s t.0.b.. Jo4s to 105 s spot 90s; 108 s . Dutch, uusalted, 124 s to ,128 s ( —)• Siberian, uiisalted, 93s to 94s (965). Polish, unsalted, 92s (925). The Dairy Board has also received, the following advice from its ageut in Canada:—Butter; New York. 19 cents; Montreal, 161 cents. Stocks, 2,815,0001 b.. as compared with 5,125.000 a year ago. Cheese New Zealand, white and coloured, 57s to 58s (58s to 595; May 13, 1931. 48s to 50s; coloured, 59s to 60s; May 13, 193.1, 50s to 535). Deliveries, 19,130 crates; in store, 79,000 crates (includes 2000 crates Zealandiu). South African, white, 565; coloured, 56s to 575. Canadian, white and coloured, 68s to 72s (68s to 725). Deliveries, 1800 boxes; in store, 81.500 boxes'. Agents' Reports The JXcw Zealand Producers’ Co operative Marketing Association’s weekly cabled market report from Loudon, dated May 13. is as follows:—Butter: Market slow, New Zealand, 95s to 965; unsalted, 96s to 100 s; Danish, 104 s to 105 s; (Siberian. 93s to 945. Cheese; Market, quiet. New Zealand white, 56s I to 575; coloured. 575; Canadian white and coloured, 68s to 725. Mr. Thomas Gray has received the following report from Mr. A. C. Rowson, dated London, May .13: —Cheese: Deliveries, New Zealand and Australian. 20,424 crates; Canadian, 4906 boxes. Stock, New Zealand and Australian. 80,344 crates; Canadian. 82.279 boxes. Price, 575. Demand very dull. Market weak. Butter; First grade, 955; iincsl. 965. Demand very dull. Market weak. ! Messrs. Samuel Page and Son report under date uf tho J2tb instant. Butter: Market slow. Danish, lu-ls to 106 s (100 s to 102 s); New Zealand finest salted. 96s to 97s (95s to 97s >; Australian finest unsalted, 95s to 97s (95s to 975); Australian finest salted, 95s to 97s (95s to 97s •; Australian G.A.Q.. 90s tu 94s (90s to 93s n Cheese: Market, slow. Australian white, 56s to 575: \ustralian coloured, 57s to 58s; Ne\x Zealand white. 57s to 58s (58s. to 595); New Zealand qoloured, 58s (59s to 60s); spot price for Canadian white, 68s to 72s (68s to 725); spot price for Canadian coloured, 68s to 72s (68s to 725). (Last week’s quotations shown in parentheses).