DAIRY PRODUCE

Wanganui Chronicle, Volume 79, Issue 158, 9 July 1935, Page 11

DAIRY PRODUCE

LONDON QUOTATIONS. A. S. Paterson and Co., Ltd., received cable advice from J. and J. Lonsdale ami Co. (London), Ltd., as follows:—Butter market quiet) buyers inactive. New Zealand, 88s to 89s; Australian, 85s to 86s; (Danish, 80s f.0.b.. IOLs landed. Cheese market slow. Now Zealand, white, -14 s; coloured, 44s 6d. Cabled advice received by Mr. G. A. Mills from A. J. Mills and Co., Ltd.. London, gives the following market prices as ruling at the close of business on Thursday:—The butter market is slow. New Zealand, finest, 88s to 89s; firsts, 87s to 88s. Australian, choicest, 86s; first grade, 84s. Danish, spot, l('2s; f.0.b., 80s. Baltic States, 82s. The cheese market is steady. New Zealand, white 45s to 45s 6d; coloured, 44s (id to 455. -Canadian, white (old season’s make), 62s to (its; Canadian, coloured (old season’s make), 58s to 60s Samuel Page and Son report to Dalgoty and Co., Ltd., under date July 4: — Butter market slow. Danish, 78s f.o.b. (80s f.0.b.). New Zealand, finest salted, 88s to 89s (89s to 90s). Australian, finest, unsalted, 85s to 86s (S(is to 87s); salted, 85s to 86s (86s to 87s); G.A.Q., 80s to 82s (83s to 84s). Cheese market slow. New Zealand cheese, white, 45s (45s 6d); coloured, 44s 6d (455). bpot p v ’ce for Canadian white, 58s to 64s (58s to 645); coloured, 58s to 64s (58s to 64:.). Last week’s quotations shown in BUTTER MARKET STEADY. CHEESE QUIET The London butter market was quiet last week, but New Zealand salted closed steady at 88s to 89s a cwt., Is below the closing rates of the previous week, but 25s above the rates ruling a year ago. Deliveries of New Zealand butter last week totalled 1169 tons, compared with 1378 tons for the previous week and 1478 tons a year ago. Australian deliveries amounted to 1297 tons, against 1687 tons a year ago. New Zealand butter in store totalled 7012 tons, including 341 tons ex the Mataroa compared with 7430 tons tor the previous week and 11,834 tons a year ago. Australian stored butter amounts to 8893 tons, against 9170 tons for the previous week and 8915 tons a year ago. The cheese market was rather quieter last week, with a slight drop in prices. English selected cheese is now practically cleared from the market. Deliveries of New Zealand cheese last week totalled 18,679 crates, against 19,576 crates a year ago, while the quantity in store totals 171,636 crates, including 15,210 crates ex the New Zealand Star and Mataroa, against 156,497 crates a year ago. Canadian deliveries totalled 2142 boxes, against 4181 boxes a year ago, while the quantity in store was 46,313 boxes, compared with 57,117 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, 88s to 89s (89s to 90s; July 5, 1934, 73s to 745) (88s to 89s equals approximately 10.30 d. f.0.b.); unsalted, 88s to 90s (88s* to 925; July 5, 1934, 80s to 84s). Australian, salted, 85s to 86s (80s to 87s); unsalted, 86s to 87s (86s to 87s). South Africa, 83s to 84s (84s). Irish creamery, salted, 87s (88s); unsalted, 88s (89s). Danish, 99s to 100 s spot, 78s f.o.b. (102 s spot, 80s f.0.b.). Dutch, unsalted, 80s to 86s (80s to 84s). Estonian, salted, 82s (84s). Siberian, salted, 82s to 83s (83s to 85s). Ukrainian salted, 82s (82s to 83s). Polish, salted, 74s to 76s (75s to 775). Lithuanian, salted and unsalted, 80s to 82s (82s to 84s). The board has also received the following advice from its agents in Can a da:— Butter: New York, 23 J cents a lb.; Montreal, 19J cents. Canadian stocks total 2642 tons, against 2800 tons a year ago. Cheese. New Zealand, white (4.79 d. f.0.b.), 45s to 45s 6d (45s 6d; July 5, 1934, 46s 6d to 475); coloured (4.72 d. f.0.b.), 44s 6d to 45s (455; July 5, 1934, 44s 6d to 455). Canadian, white, 62s to 64s (62s Io 645); Coloured, 62s to 64s (645); c.i.f., 52s (new season). English factory, 32s to 38s (34s to 445). Agents’ Reports. A. H. Turnbull and Co., Ltd., have received the following cable from their principals, W. Weddel and Co., Ltd., dated London, July 5: —Butter market firmer; Danish, 100 s; New Zealand finest, 89s; Kangaroo finest, 86s. Cheese market quiet; New Zealand, white, 455; coloured, 44s 6d. Mr. Thomas Gray has received the following cable from Rowson and Co., Ltd., dated London July 5: —Cheese: New Zealand, white, 45s per cwt.; coloured, 44s 6d per cwt. Demand fair, market steady. Butter: New Zealand, first grade, 88s per cwt.; finest grade. 88s to 89s per cwt. Demand, show, market steady. The New Zealand Producers’ Cooperative Alarkeling Association’s weekly cabled market report dated London, July 5, is as follows: —Butler: Market quiet. New Zealand, BSs to 89s; Danish, 99s to 100 s. Cheese: Market quiet. New Zealand, wnite, 455; coloured, 44s to 44s 6d. Minimum f.o.b. Prices. The New Zealand Dairy Board has fixed the minimum prices for i o.b. and r.i.f. sales on the. basis of: Butter, II) 5 Sd; cheese, sd. Aliiiimum prices are siibji'ef Io agent’s selling '•oitiinis .-Kin of per venf. These prees are equivalent to 86s 4d r.i.f.e. for butter and lls r.i.f.e. for cheese.