DAIRY PRODUCE FIRM

Dominion, Volume 28, Issue 90, 10 January 1935, Page 12

DAIRY PRODUCE FIRM

Butter 80/-, Cheese 47/Tbe New Zealand Producers’ Cooperative Marketing jAssociation’s weeklycabled market report from London, dated January 8, is as follows:—Butter: Market firm. New Zealand, finest grade, 80/-; first grade, 79/-; Danish, 120/-. Cheese: Mjrket firm. New Zealand, white and coloured, 47/-. Joseph Nathan and Co.. Ltd., have received from their principals, Trengrouse and Nathan, lAd.. London, the following cabled advice, dated January 8: —New Zealand butter: Firm. 80/-. New Zealand cheese: White and coloured, 47/- to 47/6. Overseas Wheat Markets Bv Telegraph.—Press Assn.—Copyright. London, January 8. Wheat cargoes are steadier. Canadians are held for late rates. Australian sellers have raised their limits by 3d. to 6d. on trade expansion in the Far East. Demand for Plates is 3d. up. French samples are freely offered. Parcels are steadily held. Plates are mostly dearer, but Australians are unchanged. and ox City of Athens 22/6. Futures: —London: February, 20/4 per quarter; April, 20/11 : Juno, 21/3. Liverpool: March. 4/11 7-8 per cental; May. 5/1 7-8: July, 5/3}. Montreal. January 8. Chicago wheat futures: May, 101.} cents a bushel; July. 94; September, 92 3-8. New York, cash, 111 5-8 cents. World’s Wheat Crop A world's wheat crop of between 3,330.000,000 and 3375,000,000 bushels, exclusive of Russia and China, was indicated on November 1, according to an estimate of the United States Bureau of Agricultural Economies, This is about ,"(>0.090.01)0 bushels less than harvested in 1933. 'l’he estimate for 41 northern hemisphere countries indicated a yield of about 262.000.001) bushels less than in tlie sinne countries in 1933. Supplies of old wheat, according to the report, were ' somewhat larger than in 11133. The surplus in Il>e four principal exporting' countries anil supplies afloat on July i were about 3S.(M)().0(M) bushels less (linn last I venr. while Continental countries outside of Russia were estimated on incomplete returns to be about 60.000,000 bushels larger.