BUTTER FIRMER

Wanganui Chronicle, Volume 77, Issue 257, 30 October 1934, Page 9

BUTTER FIRMER

IMPROVEMENT IN PRICES. CHEESE ALSO UP. There was a definite improvement in the London butter market last week, possibly due to the improved store position, and all butters appreciated in price. New Zealand salted butter prices showed an increase of 5s over the previous week, closing firm at 69s to 71s. Spot prices for Danish butter rose from 112 s to 120 s, and the retail price was increased Id to Is 2d. Deliveries of New Zealand butter last week totalled 2263 tons, compared with 2582 tons for the previous week, and 1892 tons a year ago. The quantity of Now Zealand butter in store is rapidly decreasing, and last week was 6399 tons, compared with 9810 tons a month ago, and 2922 tons a year ago. The cheese market continued firm last week, prices rising 3s to 4s on the previous week, with New Zealand white closing at 51s 6d to 525, and coloured 50s to 51s. Deliveries of New Zealand cheese IfTst week totalled 18,332 crates, compared with 18.573 crates a year ago, while the quantity in store was 100,923 crates, against 65,198 crates a year ago. 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 69s to 71s, ex. 72s (64s to 665; October 26, 1933, 90s to 945); (69s to 71s equals approximately 7.95 d f.0.b.) ; unsaltcd, 74s to 78s (74s to 765; October 26, 1933, 106 s to 110 s). Deliveries, New Zealand, 2263 tons; in store, 6399 tons, (including 625 tons ex Akaroa). Australian, salted, 69s to 70s (64s to 655); unsalted, 68s. to 70s (64s to 68s). ‘.Deliveries, Australian, 1152 tons; in store, 3265 tons. Danish, 90s f.0.b., 120 s spot (90s, 112 s). Dutch, unsalted, 66s to 76s (66s to 765). Esthonian, salted and unsalted, 66s to 68s (60s to 625). Latvian, salted, 66s lo 68s (60s to 625); unsaltcd, 665. to 70s (60s to 625). Siberian, salted, 63s (61s to 625). Ukranian, salted, 63s (60s). Lithuanian, salted, 665. to 68s (60s to 625). The board has also received the following advice from its agents in Canada:—Butter: New York, 27j cents.; Montreal, 19| cents. Cheese. New Zealand, white, 51s 6d to 52s 5.55 d f.o.b. (48s 6d to 495; October, 26, 1933, 47s to 48s); coloured. 50s to 51s (5.48 d f.o.b. (48s 6d to 48s; October 26, 1933, 46s to 475). Deliveries, New Zealand, 18,332 crates; in store, 100,923 crates. Canadian, white, 51s to 535; old season’s, 68s (51s to 525; 66s 8d); coloured, 52s to 535; old season’s, 62s (49s to 51s; 60s 2d). Deliveries, Canadian, 13,271 boxes; in store, 114,326 boxes. English finest farmers, 82s to 88s (82s to 88s). Agents’ Reports. A. and Co., Ltd., have received the following cable from their principals, W. Weddel and Co., Ltd., dated London, October 26: —Both markets firm. Butter: Danish, J2os; New Zealand, finest, 68s to 71s; Kangaroo, finest, 68s. to 70s. Cheese: New Zealand, whites, 51 s 6d to 525; New Zealand, coloured, 49s 6d to 51s. The New Zealand Producers’ Cooperative Marketing Association’s weekly cabled market report from London dated October 26 is as. follows: Butter market firm. New Zealand, finest, 69s to 71s; first grade, 68s to 695. Danish, 120 s. Cheese market firm. New Zealand, white, 51s 6d to 525; coloured, 49s 6d to 51s. Mr. Thomas Gray has received the following cable from Mr. A. C. Rowson, dated London, October 26s:— Cheese: New Zealand white, 53s per cwt.; coloured, 51s per cwt. Butter: New Zealand first grade, 69s per cwt.; New Zealand finest grade, 71s per cwt. Demand good for both, with upward tendency. 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 3-8 d; cheese, 5 l-Bd. Minimum prices are subject to agent’s selling commission of 14 per cent.