DAIRY PRODUCE

Wanganui Chronicle, Volume 77, Issue 209, 4 September 1934, Page 9

DAIRY PRODUCE

BUTTER MARKET STEADIER CHEESE QUIET The London butter market was quiet last week, prices easing about 2s, but 'closed steadier at the reduced prices. Deliveries of New Zealand butter last week totalled 1366 tons, compared with 1414 tons for the previous week, and 1850 tons a year ago. The quantity of New Zealand butter in store last week was 11,277 tons, compared with 11,842 tons for the previous week, and 5769 tons a year ago. The cheese market was also quiet again last week, prices for both white and coloured showing a drop of 6d. 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, 76s to 795; ex. 81s (79s to 81s; August 31, 1933, 91s to 945); 76s to 79s equals approximately 8.93 d. f.0.b.; unsalted, 86s to 90s (86s to 90s; August 31, .1933, 94s to 965). Deliveries, New Zealand, 1366 tons; in store, 11,277 tons (including 762 tons ex Raranga and Ruahine). Australian, salted, 73s to 75s (75s to 765); unsalted, 78s to 80s (78s to 80s). Deliveries, Australian, 1506 tons; in store, 7878 tons. Danish, 83s f.0.b., 105 s spot (87s; 108 s). Dutch, unsalted, 70s to 76s (70s to 80s). Estonian, salted and unsalted, 65s to 66s (68s to 71s). Latvian salted and unsalted, 65s to 66s (68s to 71s). Lithuanian, salted and unsaited, 65s to 66s (68s to 70s). Siberian, salted, 67s to 69s (67s to 695). Ukrainian, salted, 66s to 67s (67s to 68s). Polish, salted, 60s to 62s (60s to 645). The Dairy Board has also received the following advisee from its agents in Canada: —Butter: New York, 27J cents; Montreal, 194 cents. Cheese. New Zealand, white, 48s 6d to 49s (s£d. f.0.b.) (49s to 49s 6d; August 31, .1933, 47s 6d to 48s); coloured, 45s 6d to 46s (4 7-Bd. f.0.b.) (46s to 46s 6d; August 3.1, 1933, 50s to 51). Deliveries, New Zealand, 19,381 crates; in store, 132,545 crates (including 10,350 crates ex Raranga). Canadian, white. 645; new season's, 49s to 51s; coloured, 50s to 565; c.i.f., 50s 6d. Deliveries, Canadian, 5283 boxes; in store. 90,650 boxes. English finest farmers, 100 s to 106 s (100 s to 106 s). Agents’ Reports. A. H. Turnbull and Co., Ltd., have received the following cable from their principals, W. Wcddcl and Co., Ltd., dated London, August 31:—Butter: Market steadier; Danish, 105 s; New Zealand, finest, 74s to 795; Kangaroo, finest, 72s to 755. Cheese: Market quiet; New Zealand, white, 48s to 49s 6d; New Zealand, coloured, 45s to 465. The New Zealand Producers’ Cooperative Marketing Association’s weekly cabled market report from London, dated August 31, is as follows: —Butter: Market steady; New Zealand, finest grade, 76s to 78s; first grade, 74s to 765; Danish, 105 s. Cheese: Market quiet; New Zealand, white, 48s 6d to coloured, 45s to 465. Mr. Thomas Gray has received the following cable from Mr. A. C. Rowson, dated London. August 31:—Cheese: New Zealand, white, 49s per cwt.; New Zealand, coloured, 455. Butter: First grade, 76s per cwt.; finest grade, 77s to 78s. Both markets very slow. Minimum F. 0.8. Prices. The New Zealand Dairy Produce Board has fixed the minimum prices for f.o.b. and c.i.f. sales on the basis of: Butter, 8 7-Bd., f.0.b.; cheese, 5(1., f.o.b. Theesc prices are to rule until Fr id ay ni g ht. So pt eml»0 r 7,