NEW ZEALAND BUTTER

Waikato Times, Volume 122, Issue 20513, 1 June 1938, Page 20

NEW ZEALAND BUTTER

A DECLINE IN PRICES LATEST LONDON QUOTATIONS DAIRY BOARD'S REPORT WEM.TNr.TON. Wednesday Advices from London indicate that Hie absence of business in butter on tho market i* era dually forcing prices to lower levels. Since the mid-season peak was reached at I.Vis per cut about May 13. the market for New Zealand butter has declined rapidly to around 12 is 6,| pop cwf. This is equivalent to around li.Oid per lb fo.b., against nearly 10.2 d per lb f.o.b. at flic higher quotation. The outlook in the market has been completely changed by improved production conditions in Europe. Stocks of all butters in store at the close of last we*»k were estimated by the Imperial Economic Committee at 8P9.709 boxes. This compares with 720.31 A boxes held in store at the same date last year. By arrangement with the Primary Products Marketing Department, the New Zealand hairy Hoard supplies the following information for the week ended May 2*. Azures for the previous week being given in parentheses:— Buffer.— New Zealand: Salted. 12 4s to 125 s 129 s to 130 s ; unsalted, 127 slo 128 s 13Is to 1325). Deliveries: New Zealand. 1184 tons Mast year. 2235 tons ; in store. 5036 tons last year. 7213 tons'. Australian: Salted. 121 s to 122 s 'l26s): unsalted. 12 is 128s'. Deliveries: Australian, 1007 tons last year, i«4 f Ions); in store. 4921 tons (last year. 5748 tons’. \rgentine: Unsalted, 12 is to 1295. Danish: to:>s f.0.b.. 12Os spot Moßs, 130 s Dutch: Unsalted. 117 s to 118 s, ex. 12 Is (1235). The market continues slow, and prices have further declined. Retail prices are unchanged. New Zealand, Is 4d: Danish. Is -Id. Cheese.—New Zealand: White. 70s '7ls to 71s 6d : coloured. 70s ex. 70s Od '7ls to 71s Od). Deliveries: New Zealand. I 4,298 crates (last year, 21.504 crates; in store. 64.708 crates last year. 94.835 crates). The market is quiet. New Zealand retail price, unchanged. Pd. Australian: White. 60s Od to 08s 07s Od to 70s) ; coloured. 66s 6d to 68s (67s to 09s 6d . Canadian: White. 77» to 70s 77s to 78s ; coloured, 77s to 70s 77s to 79s . Deliveries: Canadian, • 330 boxes last year, 4278 boxes); ih store. 07.458 boxes (last year, • 55,373 b >xes). The market is steady. English factory cheese. 70s 'oßs to 70sj. The market is quiet. HIDES AND SKINS THE AUCKLAND SALE AUCKLAND, Wednesday A full bench of buyers attended the fortnightly hide and skin sale held by Auckland brokers yesterday. Local fanners were operating freely and took the hulk of the offering. Hides again were easier, but there was a fair sale for skins. Tallow was unchanged. Prices for best grades were:— Hides. Ox (abattoirs , heavy* q d per lb: medium. 7|d; light, 5d to sfd; o\ (country butchers), heavy, s}d to Od: medium, 5d to 5Jd; light, s|d to 6d: medium 5d to 5Jd; light. 3id io 4d; cow abattoirs', heavy* sd: light to medium. 4ld: cow (country butchers . heavy 4ld; light to medium. 4-J lo ijd; farmers all weights), 3Jd to 3fd; yearlings (abattoirs . heavy, 6d; light to medium. 6Jd to 7d; second zfnde. 4ld to 4]d; faulty and cut, 3ld to id: calfskins. 31b io 31b. 7hi to 8d: 61b lo 81b. 7Ad lo Pd; seconds and cut. 0d to 6ld; slippy. 2d to 3d. Sailed Sheepskins.— Half to threequarter wools, large is Id lo is id; medium. 2s I Oil to 3s Sd: quarter lo half-wools, 2s to 2s 7d; faulty and small. Oil lo is 2d; bare to quarterwools. Is lo Is Bd. Dry Sheepskins.—Three-quarter lo full-wool, sound 7d to 7Ad: damaged and faulty. .TAil lo 6Jd; half-wool, sound. 6d lo 6£d: damaged and faulty, iAd to 3d; hare to quarter-wools, sound, 4Ad to 5Ad; damaged and faulty. 2Ad to 4d.

Tallow,—Good quality. 13s to 13s Gd per cwt; second grade, 10s Gd to lls; third. 9s to 9s 6d.