DAIRY PRODUCE

Wanganui Chronicle, Volume 76, Issue 96, 26 April 1933, Page 9

DAIRY PRODUCE

DECLINE IN LONDON PRICES. BUTTER DOWN TO 66/68/Very low prices continue to rule in London for butter and cheese. The market last xveek xvas slow and ir-re-gular. New Zealand salted butter closed on Friday at 66/68/-, a decline of 2/- a cwt. qn the week. This price is equal to approximately 7-Ad a lb., f.o.b.,'New Zealand. The retail price of New Zealand butter in London is unchanged at 9d. a lb. The Empire Marketing Board's estimate of stocks of all butters in store last week was 942,213 boxes, compared with 484,248 boxes a year ago. Nexv Zealand butter in store last week was 7663 tons, compared with 5479 tons a year ago. Australian butter in store was 5050 tons, compared with 1550 tons. The cheese market was easier last, week, New Zealand white being quoted at 37/38/- and coloured at 43/45/-, a decline of 1/- to 2/- a cwt. on the week. The Dairy Board’s London office reports Friday’s official closing quotations as follow, those for the previous week being shown in parentheses:— ; Butter. New Zealand salted, 66/68/- (68/ 70/-; April 20, 1932, 102/105/-); unsalted, 66/70/- (66/70/-; April 20, 1932, 113/116/-); 66/68/- equals approximately 77d. f.o.b. First whey 62/- (64/-); second whey, 60/- (62/-). Deliveries, New Zealand, 1433 tons; in store 7663 tons, includes 325 tons ex Canonesa and Akaroa. Australian, salted, 64/67/- (65/68/-)-unsaltcd, 66/68//- (65/68/-). Deliver’ ics, Austalian, 2050 tons. In store, 5050 tons. Argentine, unsalted, G4/66/- (64/70/-). Danish, 76/- f.0.b., 98/- spot (firm) (71/-; 90/91/-). Latvian, unsalted, 7.1/73/- (70/-). Lithuanian, unsalted, 67/68/- (68/-). Siberian, 62/63/- (62/63/-). Th e board, has also received the following advice from its agents in Canada:— Butter: New York, 21 cents; Monreal, 23 cents a lb. Cheese, New Zealand, white 37/38/- (3?d f.0.b.) (38/40/-; April 20, 1932 60/-)’ coloured, 43/45/- to 46/- (4.6 d 45/W-; April 20, 1932, 61/-). Deliveries Vn7n^° a!an '’’ 15 ’ 907 cratc ’’- 107,084 crates, includes .13.500 crates ex Akaroa. Australian, coloured, 43/43/6 ('4°/43/-). k African, white, 36/-; coloured. Canadian, white, 62/6.8/- (60/68/-)-coloured, 66/68/- (60/68/-). English finest farmers, 84/102/- Fair demand. (84/102/-). Agents ’ Reports. Mr. Thomas Gray has received the tollowing report from Mr. A. C Rowson London.—Cheese: Deliveries' Now Zealand and Australian, 17,824 cratesCanadian, 2649 boxes. Stock, Now Zealand and Australian, 17,824 crates; Canadian, 2649 boxes. Stock, New Zea land and Australian, 114,636 crates; Canadian, 82,13.1 boxes. White, 37/--coloured 44/-. The demand is fair, but the market is irregular. Butter: First 65/- to 66/-; finest, 66/- to 67/-. The demand is moderate, and the market is irregular.

A. 11. Turnbull and Co.. Ltd., have received cabled adviep dated April 21 from their principals, W. Wcddel and CO, Ltd., London, as follows: Danish 9 r- A Nc ' v Zeala ' ld «nest, 6(>/68/-. Kangaroo, 64/67/-, Marker slow and irregular. New Zealand white cheese, 37/38/-; coloured, 43/45/Canadian, 62/68/-. Market easier. ■ ho. Now Zealand Producers’ Co operative Marketing Association’s weekly cabled market report from Lon don dated April 21. is as follows— Butter: Market dull and very little Going. New Zealand, 66/- to 67/Danish, 98/- Cheese: Market dull and very little doing. New Zealand white, o//-; coloured 44/-

Samuel Page and Son, London, re port to Dalgcty and Co., Ltd., unde, date April 21; Since our report of yesterday. butter 3/- per cwt. lower, cheese 2/- per cwt. lower.