DROP IN BUTTER.

Auckland Star, Volume LXIX, Issue 127, 1 June 1938, Page 4

DROP IN BUTTER.

I NEW ZEALAND AT 123/. I STEADY AT LOWER LEVEL. j (Received 11 a.m.) I LONDON, May 31. I The butter market is steady, choicest ! salted Xew Zealand selling at 123/ per i cwt and Australian at 121,'. Unsalted is 2/ higher in each case. Though the decline in butter continued after the close of business last week. J values falling a further 1/ to 2/ per cwt, j the market, it; now steady. For a'fort-! night weakness has persisted, prices falling 11, per cwt. DAIRY BOARD'S REPORT. The butter market continues slow and prices have further declined, according to the Daily Board s weekly report issued by arrangement with the Primary Products .Marketing Department. Both deliveries j tor the week and the quantity in store ! snowed a fall. Cheese is quiet. j r I he following information is sup- i plied:— Butter. J 2. >T> :;s. Last week. Last rear. ! Salted 124/1 25/ 129/130/ 108/ | Unsalted .. 1:7/128/ 131/132/ 109/110/ I Tons. Tons. Tons. ! Deliveries .. 11S4 14«:{ 2°,"5 I In store o«»3t> 5426 7215 ! Australian: Salted, 121/ to 122/; unsalted, 121/'. Deliveries, 1067 tons; in store, 4921 tons. Argentine: Unsalted, ' 124/ to 129/. Danish: 105/ f.0.b.. 126/ spot. Dutch: Unsalted, 117/ to 118/, ex. 121/. j Retail prices unchanged. New Zealand ! 1/4, Danish 1/4. j Imperial Economic Committee esti-' mated stocks of all butters in store at! 599,709 boxes (720,316 boxes last year). ! i Cheese. ( 25/5/38. Last week. Last rear. White 70/ 71/-71/6 74/ -74/6 Coloured . 70/, ex 70/6 71/-71/6 73/6-74/ Crates. Crates. Crates. Deliveries .. 14,208 15.516 21.504 In store ... 64,708 71,355 94.5G6 Xew Zealand retail price unchanged, 9d. Australian: White and coloured, 66/6 to 68/. Canadian: White and coloured, 77/ to 79/. Deliveries Canadian, 4336 boxes; in store, 67,458 boxes. ; Market steady. ! English factory cheese, 70/. Market. quiet. i