BUTTER RISES.

Auckland Star, Volume LXIV, Issue 88, 15 April 1933, Page 4

BUTTER RISES.

GOOD EASTER DEMAND.

RECOVERY IN LONDON.

BETTER TONE OF CABLES,

Improved prices and a. better tone in the London butter market are indicated in the latest cabled reports. During the daya preceding Easter holidays there was a steady rise in the market, and the closing quotations were considerably above those of earlier in the month. The report of A. S. Paterson and Co., Ltd., states that prices have moved to a level which is a truer index of the state of the market, and that the abnormally weak position recently cannot be held to have arisen entirely from excess of supplies. Though the amount available was, perhaps, a little more than ample for the United Kingdom, it was not such as to cause a serious glut. Much importance is attached to a general improvement in the world outlook, and it is stated that any change for the better must prove to the advantage of Australia and New Zealand. For this reason those concerned in the dairy produce trade are hopeful that something may be done quickly to ease the burden of international indebtedness, and to reduce tariffs. The most encouraging sign is the holding of a series of conferences in Washington between President Roosevelt and the representatives o£ foreign nations, in preparation for the World Economic Conference. Price Rise Firm. The Press Association message from London dated April 13 states that the butter market is firmer. Danish is quoted at 90/ to 92/; choicest salted New Zealand, 69/ to 71/; Australian, 67/ to 69/. The cheese market also is firmer. New Zealand white is quoted at 40/; coloured, 46/; Australian, 38/ to 44/. Messrs. A. S. Paterson and Co. (principals, Messrs. J. and J. Lonsdale and Co., London). —Butter: Market firm, with upward tendency and good demand. Outlook favourable. Danish, 69/ f.0.b., 90/ landed; New Zealand, 70/ to 71/; Australian, 68/. Cheese: Market firm. White, 40/; coloured, 46/ to 47/. Messrs. Joseph Nathan and Co. (Messrs. Trengrouse and Nathan, Toojey Street, London). —Butter: 71/ per cwt. Cheese: White, 40/; coloured, 47/. Both markets firm. The New Zealand Loan and Mercantile Agency Co., Ltd., report from London: — Butter: The market has been active the last two days at 69/ to 70/. Further information concerning the rumoured restriction of foreign imports is awaited. Cheese: White, 39/; coloured, 46/. The market is steady. Messrs. Dalgety and Co., Ltd. (Messrs. Samuel Page and Son, London). —Butter: The market is firm. New Zealand, finest grade, 68/ to 70/; Danish, 89/ to 91/; A ustralian, finest unsalted, 66/ to 68/; finest salted, 6-5/ to 68/; g.a.q., 62/ to 64/. Cheese: The market is firm. New Zealand, white, 38/ to 40/; coloured, 45/ to 47/; Australian, white, 37/ to 3S/; coloured, 42/ to 44/; Canadian, white, 60/ to 68/; coloured, 60/ to 68/. Mr. W. W. Bowker, from A. J. Mills and Co., Ltd.—Butter: New Zealand, finest, 70/; first, 69/; unsalted, 70/ to 72/; Danish, 88/ to 89/; Australian, 66/ to 68/. Cheese: New Zealand, white, 39/ to 40/; coloured, 46/ to 47/: Canadian, white, 64/; coloured, 64/ to 66/. Both markets are firm.