BUTTER AND CHEESE.

Auckland Star, Volume LIX, Issue 23, 28 January 1928, Page 4

BUTTER AND CHEESE.

AUSTRALIAN PRICES,

SYDNEY, January 27.

Melbourne recommendations for establishing an all-Australian price for butter and cheese, with equalisation in each State on a State basis, was approved by a conference of representatives whereat a draft of the proposed State Butter and Cheese Marketing Act, drawn up 4>y the Australian Stabilisation Committee was read. The bill provides the necessary machinery to fix the price of butter and cheese in'each State, and effect an equitable method of equalisation on a State basis between local and export values.

LONDON QUOTATIONS,

W. W. Bowker, representing A. J. Mills and Co., London, received the following London cable:

Butter.—The market is improving— better inquiry. Finest, 154/ to 156/: first grade, 152/ to 153/. Cheese.—The market is steady. Finest, white and coloured, 90/; first grade, white and coloured, S9/. c

A cablegram from London has been received by L. D. Nathan and Co., Ltd., as iollows: —

Butter, 154/ to 156/'. Cheese, 88/ to 90/. More business doing lioth markets. The Amalgamated Dairies, Ltd., report having received the following market cable from their London manager, under date 26th instant:—

Butter.—Anchor, 156/; firsts, 154/; unsalted, 160/. Anticipate firm market next week, but thereafter downward movement, owing to heavy arrivals." Danish, 165/, f.o.b.

Cheese.—B9/ to 90/. white and coloured, After weakness, market improving.

Messrs. Dalgcty and Co.. Ltd., report having received the following cablegram from their London house, dated January 20:—

Butter.—The market shows more inquiry for Australian and New Zealand. New Zealand finest salted. 152/ to 153/; Australian finest unsalted. 150/ to 152/j Australian, finest salted. 148/. to 150/; Danish. 168/ to 170/; Australian, g.a.q., 142/ to 146/. Cheese.—The market is dull. New Zealand, white 88/ to 90/, coloured 88/ to 89/; Australian, white and coloured. 86/ to 88/; Canadian, white 98/ to 102/, coloured, 96/ to 100/.

Messrs. Allan and Findlay, Ltd., have received the following cabled report from their London principals, Messrs. Armour and Co., Ltd., dated January 27:—

Butter—Market firmer at the close. New Zealand, 152/ to 156/. unsalted, 156/ to 160/. Cheese.—Market steadv. New Zealand. 88/ to 90/.