BUTTER AND CHEESE

Evening Post, Volume CIV, Issue 11, 13 July 1922, Page 5

BUTTER AND CHEESE

A MARKET SURVEY.

Messrs. Joseph Nathan and Co. have advised clients that, cabling 7th July, their London office quotes New Zealand and Danish butter 220s to 2245, Australian 218s to 2205, and.Canadian 2135. The market is reported easier, the high prices' checking consumption. Throughout the week the market has been very quiet.

With respect to Ireland, a London cable to Messrs. Nathan states that owing to practically the "whole country" being under arms; production has suffered severely, though it is impossible to say exactly to what extent.

Prices at Canadian auction on 2nd June were from 28£ cents to 30i cents.

"The local price of butter, which is to-day Is llgd; is being reduced by Id per lb to-morrow," state Messrs. Nathan.

Reporting on cheese, they state that the week-end price in London was 90s for white and 88b for coloured; Canadian, 85s to 86s, ci.f. Both markets very quiet, and very little business passing at these quotations. With reference to Canada, it is added:—"Writing on 9th June, our Montreal agent says the cheese position is hard to understand. Sales to England were very difficult to effect, in spite of the fact that receipts of cheese in Canada w«re 72,546 boxes (each one cheese) less from the beginning of the season on the Ist 'May'to 3rd June, compared with^the corresponding period last year. Sales were reported at from 12} cents to 13-^ cents, and had it not been for a good demand from the United States, prices would have been even lower. It is estimated that the United States this season may take up to 2500 tons of Canadian cheese, but it is thought that this demand will only last so long as the English demand is slack.