DAIRY PRODUCE

Wanganui Chronicle, Volume 76, Issue 107, 9 May 1933, Page 8

DAIRY PRODUCE

BETTER PRICES LAST WEEK. MARKETS CLOSE STEADY’. There was an improvement in the London butter market last week, and prices were steady at the close, though the demand was less active. New Zealand salted butter closed at 72s to 73s and up to 745, an advance on the week of 3s to 4s a cwt. Retail prices in London arc:—Now Zealand, 9d; Danish, Is a lb. The Empire Marketing Board's estimate of the stocks of all butters is 084,277 boxes, compared with 529,065 boxes a year ago. The cheese market also improved last week, New Zealand white closing at 41s to 42s and coloured at 47s to 48s, an advance of 3s to 4s a cwt. on the week. The Dairy Board’s London office reports Friday’s official quotations as follow, those for the previous week being shown in parentheses:— Butter. New Zealand: Salted, 72s to 735, up to 74s (68s, 70s to 71s; May 6, 1932, 96s to 98s); 72s to 735; equals approximately 81d f.o.b. Unsalted, 72s to 76s (68s, 70 to 71s; May 6, 1932, 98s to 102 s). First whey, 66s (645). Second whey, 64s (625). Deliveries, New Zealand, 1950 tons. In store, New Zealand, 8318 tons. Australian: Salted, 70s, 72s to 73s (66s to 68s). Unsaltcd, 70s, 72s to 73s (66s to 70s). Deliveries, Australian, 2362. In store, 4800 tons. Argentine, unsalted, 66s to 68s, ex. 70s (64s to 665). South Africa, 66s to. 695. Danish, 81s to 84s f.0.b.; 96s spot (755; 95s to 965). Dutch, unsalted, 92s to 96s (92s to 965). Latvian, unsalted, 74s to 75s (70s). Lithuanian, unsalted, 71s to 72s (67s to 695). The board has also received the following advice from its agents in Canada:—Butter: New York, 22J cents; Montreal, 22| cents a lb. Cheese. New Zealand: White, 41s to 42s (4.27 d a lb. f.0.b.) 38s to 395; May 6, 1932, 58s to 595). Coloured, 47s to 48s (5.04 d f.0.b.) 43s to 445; May 6, 1932, 59s to 60s. Deliveries, New Zealand, 25,168, crates. In store, 124,172 crates, includes 17,000 crates ex Port Pirie and Port Gisborne. Australian: Coloured, 46s (40s to 425). Canadian: White, 62s to 68s (62s to 68s). Coloured, 64s to 68s (64s to 665). Deliveries, Canadian, 4700 boxes. In store, 74,000 boxes. English finest farmers’, 84s to 102 s (84s to 102 s). Agents’ Reports. Mr. Thomas Gray has received the following cable from his principal, Mr. A, C. Rowson, dated London, May s: Cheese: New Zealand, white, 42s per cwt.; coloured, 49s per cwt. The demand is fair, and the market steady. Butter: First grade, 70s to 71s; finest grade, 72s to 735. The demand is cheeked, and the market quiet. The New Zealand Producers’ Cooperative Marketing Association’s weekly cabled market report from London dated May 5 is as follows: Butter: Market steady. New Zealand, 72s to 735; Danish, 965. Cheese: Market active and steady. New Zealand, white, 41s to 425; coloured, 47s to 48s.