DAIRYING INDUSTRY.

Waikato Times, Volume 104, Issue 17503, 10 September 1928, Page 8

DAIRYING INDUSTRY.

PRODUCE IN LONDON. OUTLOOK FOR BUTTER. RISE IN PRICE EXPECTED. tCy Telegraph—Press Assn.—Copyright.) (Australian Press Association). LONDON, Sept. 8. The outlook in the butter market appears satisfactory. Many traders anticipate that prices will further advance before the new season’s Australian and New Zealand supplies commence io arrive. The consumptive demand throughout the country is well maintained, although retail prices arc high, and it is certain that retailers must have been drawing pretty heavily on the stocks which they purchased a few weeks ago. The production in Europe continues steadily to decline, and there is no great accumulation of stocks in cold store, so that there seems ample ground for taking an optimistic view of the position. BUTTER MARKET FIRMER. PRODUCE BOARD'S ADVICE. The New Zealand Dairy Produoe Board has received the following market report, from its London office, dated September 7, last week’s prices being given in parentheses : Butter. —New Zealand, salted, 180 s to 184 s, up to 186 s '(180s to lS6s) ; unsalted, 186 s to 190 s (18Gs to 190 s). Deliveries New Zealand this week, 700 tons; in store 5100 tons. Australian finest salted, 166 s to 172 s (166 s to 1725); exceptionally, 1745; unsalted, 178 s to 182 s. Argentine, finest unsallcd, 170 s to 174 s (170 s t.o 1745). Irish creamery, salted, 176 s (175 s to 1765): unsalted, 180 s (179 s to ISOs). Danish, snot, 190 s to 192 s (186 s to 188 s) ; c.i.f.,’ 187 s (182 s). Dutch, unsalted, 180 s to 182 s (180 s to 182 s). Estonian, salted, 172 sto 174 s (170 s to 1745); unsalted, 174 s to 176 s (172 s to 1765). Latvian, 172 sto 1745. Siberian, 158 sto 160 s (158 sto 160 s). Ukrainian, 164 sto 166 s (164 sto 1665). Polish, salted, 162 s to 156 s (140 s and 150 s); unsalted, 160 sto 162 s (1625). Lithuanian, 158 s to 160 s (158 s to 1645). Market firmer. Retail prices unchanged. Estimated stocks all butters in stores in Great Britain at September 7, 14,500 tons, compared with 18,000 tons last year.

Cheese. —New Zealand, white, 113 s to Ills (ills to 113 s); coloured, 110 s to Ills, up to 112 s (109 s to Ills). Deliveries New Zealand this week, 13,000 crates; in store, 49,b00 crates. Canadian, white, Ills to 112 s, up to 114 s (110 s to 112 s); coloured, 110 s to Ills up to 112 s. Australian, e.i.l'., 109 s to 110 s (108 s); white, Ills to 112 s (109 s); coloured, 108 s to 109 s (108 s to 110 s). Market lirm. Retail prices unchanged. English finest farmers’, 130 s to 13is. Demand good. (130 s to 1345). Estimated stocks of cheese at London, Liverpool and Bristol at September 7 ; New Zealand and Australian, 03,000 erates; last year, 72,000 crates. Canadian, 171,300 boxes; 121,600 boxes. The Norfolk commenced lo discharge butter on August 31 and finished the same day. The Cumberland commenced to discharge cheese and September 1 and finished on September 4. Tlie latter vessel commenced to discharge buLLer. on September 3 and finished on September b. The board has also received advice from its Canadian agents as follows: Butter: New York, 49 cents (2s Odd) ; Montreal, 40i cents (Is 8 1-Sd). Messrs Dalgcty and Co., Ltd., report having received tlie following cablegram from their London house, dated September 7, 1928:— r Dairy Produce. —Rather more inquiry. Butter. —New Zealand, 180 s to 184 s per cwt.; Australian, 166 sto 1725. Cheese. —New Zealand, coloured, 110 s to Ills.