DAIRY PRODUCE

Dominion, Volume 28, Issue 99, 21 January 1935, Page 12

DAIRY PRODUCE

Butter Firm and Active

CHEESE STEADIER

After a quiet opening last week during which prices receded to 79/-, the London butler market closed firm to an active demand at 82/-. Deliveries of New Zealand butter last week totalled 2022 tons, compared with 2698 tons for the previous week, and 2120 tons a year ago. Tlie quantity of New Zealand butter in store is 5285 tons, compared with 4383 tons for the previous week, and 3050 tons a year ago. The cheese market, after a quiet opening, also closed steadier at 45/- to 46/5 for white and coloured. Deliveries of New Zealand cheese last week totalled 20,510 crates, while the quantity in store is 76,940 crates, compared with 26,500 crates a year ago.

The Dairy Board’s London oilice reports Friday's official closing quotations as follow, those for the previous week being shown in parentheses:—

New Zealand, salted, 79/- to 82/- (82/to 84/-; Jan. 18, 1933, 65/- to 66/-1 : (79/- to 82/- equals approx. 9.25 d. f.0.b.) ; unsalted. 84/- to 86/- (84/- to 86/-; Jan. IS. 1933. 70/- to 72/-). Deliveries New Zealand, 2022 tons; in store, 5285 tons, including 553 tons ex Tuscan Star. Australian, salted, 79/- to SI/- (81/- to 82/-) ; unsalted, 82/- to 84/- (81/- to 82/-). Deliveries, Australian, 2726 tons; in store, 3317 tons. Danish, 97/- f.0.b.; US/- spot (93/-; Dutch, unsalted, 111/- to 115/-. The board has also received the following advice from its agents in Canada: —Butter: New York. 32} cents a lb.: Montreal. 23} cents. U.S.A, stocks are 21,000 tons, compared with 49.665 tons a year ago. Cheese.

New Zealand, white and coloured, 45/to 46/6 (48/- to 49/-; Jan. 18, 1933, 42/to 43/-) ; (4.55 d. f.0.b.). Deliveries New Zealand. 20,510 crates; in store, 76,940 crates, including 15,560 crates ex Tuscan Star. , , Australian, white and coloured. 40/(46/6 to 47/-) , Canadian white and coloured, r>6/- .o 60/- (58/- to 60/-). Deliveries Canadian, 6952 boxes; in store, 131.381 boxes. English, finest farmers’. S2/- to 90/(82/- to 90/-). Agents’ Reports. Mr. Thomas Gray has received the following cable from Mr. A. C. Rowson, dated London, January IS: —Butter: New Zealand, first grade, 81/-; finest grade, 82/-. Improved demand, market generally talked much dearer on account of good demand. Cheese: New Zealand, white and coloured, 47/- per cwt. Improved demand, but do not expect much change. Our opinion Dairy Board’s new scheme of material benefit to market. The New Zealand Producers’ Cooperative Marketing Association's weekly cabled market report from London, dated January 18, is as follows: —Butter: Market has closed steady after quiet week. New Zealand finest grade, 79/- to 82/-; Danish, 116/-. Cheese: Market has improved during latter part of week. New Zealand, white and coloured, 45/- to 46/6. Minimum F. 0.8. Prices The New Zealand Dairy Produce Board has fixed the minimum prices for f.o.b. apd c.i.f. sales on the same basts as last week, namely :—Butter, 9 3-Bd.; cheese, sd. Minimum prices are" subject to agent’s selling commission of . 11 per cent. These prices are equivalent to:—Butter, 76/10 c.i.f.e.; cheese, 44/- c.i.'f.e. LONDON WOOL SALES Full Rates Maintained'' By Telegraph.—Press Assn —Cop.vrisht, London, January IS. Offerings to-day were 5325 bales, including 2645 New Zealand. About 6951 bales of Australian and New Zealand were sold. The market has a linn tone with sustained Home and Continental competition at full rates. New Zealand scoured merinos “R Company T,” 21d. highest and 20 5-Sd. average. The Bank of- New Zealand, produce department, has received the following advice from its London office under date January IS: —-The sales continue with a very firm market. Current quotations:—Merinos: Super, 60/64’s, 10}d. to Hd. per lb.; ordinary, CO/64’s, 9d. to 9}d.; inferior, 60/64’s, 7Jd. to B}d. Halfbreds: 56’s, IOJd. to lljd.: 50/56’s, 9d. to Old. Crossbreds : 50's, Bd. to Sid.; 48/50's. 74(1'. to 7}d.; 4G/48's, GJd. to 7d.; 44/46’s, 6}d. to 6Jd.; 40/44's. 6(1. to 6:}d.; 36/40’s, ojd. to 6d. Murray, Roberts and Co.. Ltd., are in receipt of the following wool market comparative quotations from their London agents, dated January IS: — Opening Closing rates rates Jan. Dec. peril), peril), d. d.

The London wool sale is proceeding with the market firm and active. Germany is buying moderately, reports Irw'li and Co., London, in a cable received today by Douglas I’. Walker. Wellington. The following is the ruling range of prices:—Fifiy-eierht.s, I1<1.: fifty-sixes. 10?.d.: fifties fid.: fnrl.v-oig'ils. 71:1.: forty-sixes. (iJd.: forty-fours, ojd.

Second Auckland Sale The second Auckland wool sale of the season will bo held to-morrow. Cai ilogues aggregate 25.149 bales, and will be offered in the following order: — Bales. Alfred Buckland and Sons 2120 Farmers' Auctioneering, in conjunction with North Auckland Farmers 58x0 N.Z. Loan and Merc 6101 Dalgely and Co. 7294 Abraham, and Williams 3817 25.149 The condition of the offering is said to he typical of that usually submitted at Auckland at the January sales. which means that catalogues will contain a bigger percentage of back country clips and linos that are seedy and coarse. At th" same time there will be fair quantities of lighter conditioned wools, including those held back al lhe November auction. London Rp.br? t Market By Tidegraph.—Press Assn.—Copyright (Received January 20, 6.30 p.m.) London, January 19. Rabbits, first large, ex store, 17/- to 17/6.

N.Z. merino, 60/64’s, yielding 48 p.c Halfbred, 56's, yielding 64 9 8-1 91 8? (Superfine crossbred, 50's, yielding 70 p.c. ._ ... • Fine crossbred, 48/50's, mixed prep, and card.,! yielding 8 < 1 72 p.c • • • Fino crossbred, 46/4-S’s. mixed prep, and card., yielding <1 7 74 p.c • Medium crossbred. 44/4G’s. 61 Gy prep., yielding 76 p.c. .. • • ■ Medium crossbred. 44/4G‘s. 6) ■ 6} carding, yielding 74 p.c. . . . 6J 6 Coarse crossbred, 40/44’s. yielding 75 p.c Low crossbred. 36/40’s. yield53 5J ing 76 p.c - 5}