ADVANCE IN BUTTER

Wanganui Chronicle, Volume 76, Issue 179, 1 August 1933, Page 8

ADVANCE IN BUTTER

LONDON MARKET CLOSES FIRM CHEESE PRICES STEADY There was a definite improvement last week in the London butter market, which, closed firni on Friday. The piice of New Zealand salted butter advanced by 4s to 5s a cwt., to 82s to 84s, deliveries lor the week being 2400 tons, compared with 2050 tons foi the previous week. Thu quantity of New Zealand butter in store at the end of last, week was 9800 tons, compared with. 5026 tons a year ago. Tiie Empire Marketing Board’s estimate of tne stocks of all butters is 1,307,293 boxes, compared with 876,218 boxes a year ago. The Dairy Board’s London office reports Friday’s official closiug quotations as follow, those for the previous week being shown in parentheses:— Butter New Zealand, salted, 82s Lu 84s (,78s to 70s; July 28, J 932, 105 s to JOOS); 52s to 84s equals approximately l)su f.o.b. Unsalted, 80s to 86s (80s tv 83s; July 28, 1932, 108 s to 110 s). First whey, 76s (745); secund whey, 745. Deliveries, New Zealand, 2400 tons. la store, 9800 tons, includes 975 tons ex Kemucra and Port Fairy, but excludes 400 tons ex Port Hunter. Australian, salted, 81s to 83s (77s to 795); unsalted, 80s to 84s (80s to 82s). Deliveries, Australian, 6JO tons In store, 3600 tons. Argentine, unsalted, 77s to SOs (76s to 78s). Danish, 80s f.0.b.; 98s to 100 s spot (755; 95s to 975). Dutch, unsaltcd, 94s to 98s (92s tu 965). Esthonian, 7€s to 74s (72s to 735). Latvian, 735, 74s to 76s (72s tu 735). Siberian, 72s to 74s (70s). Ukranian, 70s (68s). Lithuanian, 735, 74s to 76s (70s 735). Cheese New Zealand, white, 49s to 49s 6d (sfd f.0.b.) (48s 6d to 495; July 28, 1932, 56s to 575); coloured, 51s tu 52s (aid f.0.b.) (51s to 525; July 28, 1932, 54s to 555). Deliveries, New Zealand, 21s, 500 crates. In store, 152,774 crates. Australian, white, 48s to 495. Canadian, white, 64s to 78s (64s to 695); new season, white, 51s to 56s (51s to 535); coloured, 54s (52s to 535); c.i.f., 53s 6d (555). English, finest farmers’, 58s to 65s (58s to 655). Agents’ Reports The New Zealand Producers’ Cooperative Marketing Association s weekly cabled market report from Lon don, dated July 28, is as follows: Butter: Market linn. New Zealand, 82s to 84s; Danish, 98s to 100 s. Cheese: Market steady. New Zealand, white. 49s to 50s; coloured, 525. A. H. Turnbull and Co., Ltd., have received the following cabled advice from their principals, VV. vV'cddcl and Co., Ltd., London, dated July .28;— Danish butter, 98s to 100 s; New Zealand, finest, 82s to 84s; Kangaroo, 81s to 83s; New Zealand, white, 495; Now Zealand, coloured, 51s to 525. Markets steady. Mr. Thomas Gray has received the following cablegram from his principal, Mr. A. C. Rowsou, dated London, July 28: Cheese: White, SOs -pur cwt.; coloured, 52s per cwt. The demand is slow and the market firm with hardening tendency. Butter; First grade, 83s to 83s 6d per cwt.; finest, 84s per cwt. Tho demand is good and the market firm with hardening tendency.