DAIRY PRODUCE

Wanganui Chronicle, Volume 79, Issue 99, 30 April 1935, Page 9

DAIRY PRODUCE

butter prices unchanged. CHEESE MARKET QUIET. The London butter market remained steady last week, with no change in the prices of New Zealand butter, which closed at 76s to 775. Deliveries of New Zealand butter last week totalled 1317 tons compared with 1548 tons for the previous week, and 1700 tons a year ago. Australian deliveries totalled 2536 tons, against 2536 tons a year ago. The quantity of New Zealand butter in store has been further reduced, and is now 3800 tons, compared with 4542 tons for the previous week at 10,791 tons a year ago. Qn the other hand, Australian stored butter is now increasing and amounts to 6700 tons, against 5445 tons for the previous week, and 6936 tons a year ago. London advices to the Dairy Board state that 1500 casks of butter were shipped from London to New York last week. This included very little from the Continent. The cheese market remains quietly steady at unchanged prices. Deliveries of New Zealand cheese last week totalled 14,37.1 crates, against 21,541 crates a year ago, while the quantity in store was 155,306 crates, against 135,340 a year ago. Canadian deliveries totalled 2399 boxes, against 5004 a year ago, and the quantity in store was 71,106 boxes, against 106,858 boxes a year ago. The Dairy Board’s London office reports last week’s closing quotations as follow, those for the previous week being shown in parentheses:— Butter. New Zealand, salted, 76s to 77s (76s td 775; April 26, 1934, 70s to 71s); (76s to 77s equalls approximtely 8.75 a f.0.b.); unsalted, 78s to 80s (78s to 80s; April 26, 1934, 71s to 745). Australian, salted. 725, up to 73s (71s to 725); un’saltea, 73s to 74s (74s to 755). South Africa, 67s to 695. Danish, 73s f.0.b., 95s spot (765, 98s). IDutch, unsalted, 70s to 72s (78s to 84s). Siberian, salted, 69s to 71s. Lithuanian, unsalted, 74s to 76s (80s). The board has also received the following advice from its agents in Canada:—Butter: New York, 3j> cents a lb; Montreal, 23i cents. Cheese. New Zealand, white, 44s 6d (4.7 d f.o.b. (44s to 44s 6d; April 26, 1934, 42s fid to 435) ; coloured, 45s fid to 4Gs (4.833 d (45s fid to 465; April 26, 1934, 425). Australian, white, 42s to 43s (42s 6d to 435); coloured, 43s (435). Canadian, white and coloured, 60s to 62s (60s to 635). English finest farmers’, 82s to 90s (82s to 90s). English factory cheese, 38s to 44s (39s to 435). Agents’ Report. Mr. Thomas Gray has received the following cable from Mr. A. C. Rowson, dated London, April 26—Cheese: New Zealand, white, 44s fid per cwt; coloured, 45s 6d per cwt; market steady. Butter: New Zealand, first grade, 765; finest grade, 775; market slow.

A. H. Turnbull and Co., Ltd., have received the following cable from their principals, W. Weddel and Co., Ltd., dated London, April 26: —Butter: New Zealand, first grade, 765; finest grade, 775; market slow. A. H. Turnbull and Co., Ltd., have received the following cable from 1 heir principals, W. Weddel and Co., Ltd., dated London, April 26: —Butter: Market steady; Danish, 955; New Zealand, finest, 765; Kangaroo finest, 725. Cheese: Market quiet; New Zealand, white, 44s Cd; New Zealand, coloured, 45s 6d. The New Zealand Producers’ Cooperative Marketing Association’s weekly cabled report from London, dated April 26, is as follows:—Butter: Market steady. New Zealand, finest grade, 76s to 775; first grade, 765; Danish, 955. Cheese: Market quiet. New Zealand, white, 44s to 44s 6d; coloured, 45s fid to 465. Minimum f.o.b. Prices. The New Zealand Dairy Board has fixed the minimum prices for f.o.b. and c.i.f. sales on the basis of: Butter, 9£d; cheese, sd. Minimum prices are subject to agent’s selling commission of per cent. These prices are equivalent to: 75s lid, c.i.f.e., for butter, and 445. c.i.f.e., for cheese.