DAIRY PRODUCE

Dominion, Volume 28, Issue 87, 7 January 1935, Page 10

DAIRY PRODUCE

Butter Market Steady

CHEESE QUIETER The improvement in the London butter market continued last week, but the demand slackened at the end of the_ week* and the market closed quiet at <6/- to 77/- for New Zealand salted Deliveries of New Zealand butter last week totalled 2588 tone, compared with 1506 tuns tor the previous week and 2700 tons a year ago. The quantity of New Zealand but ■er in store is 4900 tons, compared wita 6158 tons for the previous week and 2(21 tons a year ago. The cheese market closed quiet lit week at 46/- to 47/- for both white and coloured. Deliveries <’f New Zealand cheese last week totalled 22,868 crates, while the quantity in store was 70AJcrates, compared with 28.000 erates 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, 76/- to 77/- (74/to 76/-; January 4, 1934. 65/- to 67/-) (76- to 77/- equals approximately 8.774. f.0.b.) ; unsalted, 77/- to 78/- (74/-' to 78/-; January 4, 1934, 70/- to 72/-). Deliveries, New Zealand. 2588 tons; in store, 4900 tons, including 833 tons ex Rangitiki. _ _ Australian, salted, 75/- to (6/-Ji4/-to 75/-) ; unsalted. 77/- (75/- to 76/-). Deliveries. Australian, 1890 tons; in store, 3459 tons. Danish, 98/- f.0.b.. 120/- spot (100/-, 121/- to 122/-). The board has also received the following advice from its agents in Canada: — Butter: New York, 32J cents; Montreal, 21} cents. Canadian stocks are 4256 tone, compared with 2487 tons last year. Cheese. New Zealand, white, 46/6 to 47/(4.98 d. f.0.b.) (46/- to 47/-; January 4, 1934, 48/- to 48/6) ; coloured, 47/- t-> 47/6 (5.05 d. f.0.b.) (46/- to 47/-; January 4, 1934, 44/- to 44/6). Deliveries. New Zealand, 22,868 crates; in store, 76,292 crates, including 1922 crates ex Waiwera. Australian, white and coloured, 46/(45/- to 46/-). Canadian, white, 55/- to 58/-; coloured, 58/-. Deliveries, Canadian, 12,977 boxes; in store, 147,058 boxes. . English finest farmers. 82/- to 90/(82/- to 90/-). Agents’ Reports. A. IL Turnbull and Co., Ltd., have received the following cable from their principals, W. Weddel and Co., Ltd., dated London, January 4:—Butter: Danish, 120/-; New Zealand (infest, 77/-; Kangaroo, 76/-. Market firm. Cheese: New Zealand, white, 44/-; coloured, 47/-. Market quiet. Mr. Thomas Gray has received the following cable from Mr. A. C. Rowson, dated London, January 4: —Butter: New Zealand, first grade, (5/-; finest grade, 76/- to 77/-. Demand slow. Cheese: New Zealand, white, 46/-; coloured, 47/-. Demand slow, tendency easier. The New Zealand Producers’ Co-opera five Marketing Association’s weekly cabled market report from London dated January 4 is as follows: Butter market steady. New Zealand, finest grade, 76/to 77/-; first grade, 75/- to 76/-. Danish, 120/-. Cheese market quiet. New Zealand. yliite, 46/- to 47/-; coloured, 46/6 to 47/-. 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, BJd.; cheese, 54. Minimum prices are subject to agents’ selling commission of 11 per cent. .These prices are equivalent to:-—(But-ter, 72/2 c.i.f.e.; cheese, 44/- c.i.f.e. Kuala Lumpur Tin A dividend of 6d. a share has been declared by Kuala Lumpur Tin N.L., payable on January 25.