DAIRY PRODUCE

Wanganui Chronicle, Volume 79, Issue 18, 22 January 1935, Page 11

DAIRY PRODUCE

1 BUTTER FIRM AND ACTIVE. CHKESE STEADIEK. Alter a quiet, opening last week during which prices receded to 795. the London butter market closed firm to an active demand at 82s. IDeliveries of New Zealand butter last, week totalled 2022 tons, compared with 2698 tons for the previous week, and 2120 tons a year ago. The quantity of New Zealand butter in store is 5285 tons, compared with 4383 tons for the previous week, and 3050 tons a year ago. The c'heese market, after a quiet opening also closed steadier at 45s to 46s 6d for white and coloured. Deliveries of New Zealand ciheeso last week totalled 20,510 crates, while the quantity in store is 76,940 crates, compared with 26,500 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 parcntlhescs:--Butter. New Zealand, salted. 79s to 82s (82s to 84s; Jan. 18, 1933, 65s to 665); (79s to 82s equals approx. 9.28 d f.0.b.); unsalted, 84s to 86s (84s to 86s; Jan. 18, .1933, 70s to 725). Deliveries New Zealand, 2022 tons; in store, 5285 tons, including 553 tons ex Tuscan Star. Australian, salted, to 81s (81s to 82s); unsaltcd, 82s to 84s (81s to 82s). Deliveries, Australian. 2726 tons; in store, 3317 ton?. Danish, 97s f.0.b.; 118 s spot (935, 116 s). Dutch, unsalted, Ills to 115 s. The board has also received the following advice from its. agents in Canada: —Butter: New York, 32| cents a lb; Montreal, 23i cents. U.S.A, stocks are 2.1,000 tons compared with 49,665 tons a year ago. Che&se. New Zealand, white and coloured, 45s to 46s 6d (48s to 495; Jan. J 8; 1033, 42s to 435); (4.85 d f.0.b.). Deliveries New Zealand, 20,510 crates; in store, 7j,940 crates, including 15,560 crates ex Tuscan Star.

Australian, white and coloured, 45s (46s 6d to 475). Canadian white and coloured, 56s to 60s (58s to 60s). Deliveries Canadian, 6952 boxes; in store, 131,38.1 boxes. English, finest farmers’. to 90s (82s to 90s). • Agents ’ Reports. Mr. Thomas Gray has received the following cable from Mr. A. C. Rowson, dated London, January 18:—Butter: New Zealand, first grade, 81s; finest grade, 82s. improved demand, market generally talked mudh dearer on account of good demand. Cheese: New Zealand, white and coloured, 47s per cwt. Unproved demand, but do not expect, much change. Our opinion IDairy Board's new scheme of material benefit to market. The New Zealand Producers’ Cooperative Marketing Association’s weekly cabled market report from London, dated January 18, is as follows: Butter; Market has closed steady alter quiet week. New Zealand finest grade, 79s to 82s; Danish, 116 s. Cheese: Market has improved during latter pin t of week. New Zealand, white and col cured, 45s to 46s 6d. MINIMUM F. 0.8. PRICES.

The New Zealand Dairy Produce Board has fixed the minimum prices for f.o.b. and e.i.f. sales on the same basis as last week, namely:—Butter, 9 3-8 d; cheese, sd. Minimum prices arc subject to agent's selling commission ot J i per cent. These prices are equivalent to:—Butter, 76s lOd c.i.f.0.; cheese, 44s c.i.f.e.