DAIRY PRODUCE

Hokitika Guardian, 26 March 1930, Page 6

DAIRY PRODUCE

, ;Amailgainattud' Dtiiries, ■ •Limited, Auckland, report having received tiie following niaket cablegram from London, dated March 20: Butter: The previously reported “bear” movement is still succeeding in the absence of any general demand. Best, 138 s, other finest now 1365. Banish butter, 148 sto 150 s f.o.b. Cheese: Again •suffering under the general depression. White 81s to 82s, coloured 8.3.5. W. W. Bowker has received the following cablegram from A. J. Mills and Company, Limited, London, dated March 20:— Butter: The market is qrgiet. New Zealand finest, 1365; first grade, 134 sto 1355; Banish, 154 s to 1565; Australia, 1345. Cheese: The market is slow. New Zealand white. 82s; coloured, 83s. 1 ‘MARKET DEMORALISES. ’ ’

It is many years since market conditions at Home for this Dominion's dairy produce have appeared as unsatisfactory as is the case at the present time. The announcement published in the Auckland “Star” on Friday to the effect that Tooley Street merchants had lowered the rate of their advances on butter and cheese presaged more unfavourable prices, and this unwelcome anticipation has been quickly realised. According, to cables received at Auckland on Saturday morning the market is demoralised, one authority giving as a reason that there is general repression for all commodities. If this be the cause, it is to ibe sincerely - looped the advent of cheap money will have a speedy effect in revitalising British industries and thus increase the spending power of the masses. Meantime dairy farmers will have to accept returns that will prove extremely disappointing, and factories are likely to have to face heavy reclamation bills. Latest reports are as follow: —• Messrs Allen and 'Findlay, representing Armour and Co. Butter. —Market demoralised. New Zealand, salted, 132 sto 1365; New Zealand, unsalted, 146 s to 150 s; Australian, 130 s to 1345; Danish, 1555. Cheese. —Market slow. New Zealand, white, 81s to 82s; New Zealand, coloured, 82s to 84s. Pavior Smith, representing AngloContinental Produce Co.: —

Butter.—Stagnant. New Zealand, 133 sto 135 s per cwt; Danish, 1465, f.0.b., with downward tendency. Cheese.—Dead. White, 80s to 81s; coloured, 82s to 83s. General depression of commodities. Joseph Nathan: — New Zealand butter. —132 s to 1.345. Absolutely no demand. No signs of increased consumption.

Oheese.—White: 80s to 81s; coloured, 81s to 82s. Market quiet. Messrs A." H. Turnbull and Co., representing principals, Messrs W. Weddell and Co., dated London, March 21: —

Butter.—Danish, 156 s to 158 s per cwt; New Zealand, unsalted, 146 s to

150 s; gal ted, 133 sto 1365. Market slow.

Cheese.—New Zealand, white, 81s to 82s; coloured, 82s to 81s. Market quiet. Canadian, white, f)6s to 103 s; coloured, Skis to U 8«.