MARKETS WEAK

Evening Post, Volume CXVI, Issue 103, 28 October 1933, Page 12

MARKETS WEAK

BUTTER AND CHEESE

DAIRY BOARD'S ADVICES

'"Evening Post," October "-S. All is not well with New Zealand dairy produce in London. The new season's goods are now on the market and the estimated arrivals during this month and next are 19,280 tons of butter and 7G02 tons of cheese. Compared with arrivals for October and November of last year, there is 113 tons less cheese, but nearly 5000 tons more butter. For the corresponding months of 1931 the total arrivals ■were 6254 tons of cheese and 10,985 tons of butter. It is clear from these figures that the cheese landings are not excessive, but those of butter continue to expand ■with, it is to be inferred, a corresponding decline in price. The Dairy Board's weekly cable trora London today shows that the butter market is weak and irregular and quotes New Zealand salted as selling at from 90s to 94s and up to 96s per cwt (which equals approximately 10.8 d per Hi f.0.b.), and unsalted butter at 106s to 110s. Other butter prices are: Australian salted, 90s to 94s and up to 06s; unsalted, 102s to 106s; Danish, spot, H4s to 115s. The retail price for New Zealand butter is still. Is Id per lb, but the. price for Danish has been increased to Is 3d. Both prices, however, will be reduced by Id per ]b next week. The.stoct position at rhtt moment is as follows:; —

The ■ cheese market is also reported as veak. Prices are:—New Zealand, white 47s to 48s per cwt (which equals approximately 5.03 d per lb f.0.b.), coloured 46s to 475;, Australian, white 465, coloured 455; Canadian, white 50s to 525, coloured 50s to 535.-'1 English finest farmers' is slow at 76s to 88s. ' ■ The retail price for Sow Zealand cheese is unchanged at ,6d per lb. There are 65,198 crates of New Zealand cheese in store, as compared with 38,622 at the same time last year. The quantity of Canadian cheese in store is reported at 171,629 boxes. Prices for New Zealand butter today show-a decline since last week of about 5s per cwt and for cheese about Is. New Zealand choicest butter this time last year was realising up to lOfis, compared with 96s today; and wliite cheese was selling at 68s to 60s, as against 47s to 48s.today. The New Zealand Producers' Co-opera-tive Marketing Association's weekly cabled market report from London, dated October 27, is as follows:—"Butter: Markef, is weak and very inactive. New Zealand finest grade, 925; first grade, 88s to 89s; Danish, 114s. Cheese: Cheese market is weak* and prices have steadily declined during - the week. New Zealand white, 46s to 475; coloured. 45s to 465." Samuel Page and Son cable Dalgety and Company, Limited, under date October 2":—"Butter: First grade, 88s to 90s per cwt; finest, 92s to 945. Cheese: 44s to 465. Both markets are weak." PRICES IN AMERICA. The Dairy Board has also received the following cable from its agents in Canada:—"Butter: New York, 24 cents; Montreal, 19% cents."

. : , . ■ Oct. 2S, 1033. Ton*. J\e\v. Zealand ......... 2922 Australian 4;jO Oct. 23, 1032. 'ions. 3400 025 . Total ..:.,......... 337-' 432j