FIRMER MARKETS

Evening Post, Volume CXIII, Issue 26, 1 February 1932, Page 10

FIRMER MARKETS

PRODUCE & MARKET REPORTS FROM DAY TO DAY

INFLUENCE OF STRIKE

BUTTER AND CHEESE PRICES

"Evening Post." Ist February. London butter and cheese markets closed firm on Thursday last with improvements in- the prices of New Zealand butter of 6s per cwt on the week. New Zealand cheese also advanced in price from -Is to 6s. The market is influenced to some extent by the strike of London lightermen, ias is also that for frozen meat, deliveries being restricted on that account. To appreciate this position it should be explained that meat, dairy produce, and some other exports from New Zealand are in large part discharged from overseas yessels into refrigerated lighters, for conveyance to up-river stores, as far as London Bridge, where the great Tooley Street warehouses are situated, and to stores beyond London Bridge if required. But delivery of insulated cargo is also given at the ship's side directly into the Port of London Authority's large cool Etores at the docks alongside, or loaded direct from the ship into insulated motor yans or insulated railway wagons.

The prices of butter at the close of on Thursday were as follows: — -New Zealand salted butter, 90s to 102s |per cwfc; Danish, 121s to 124s on spot. Australian, 97s to 100s. Argentine, unsalted, 94s to 100s. Cheese prices showed an advance for New Zealand white to 60s to 625, and coloured to 59s to 61s.

Canadian white and coloured cheese, 68s to 70s.

English farmers finest, 100s to IOSs. As compared with prices for New Zealand produce this time last year, butter to>day is worth roughly 12s Gd per ewt lessor a fraction over lV4d per pound less. Cheese is selling to-day at 7s per cwt more than it realised twelvemonths ago, or ?4d per pound more. The board reports that retail prices for New. Zealand butter are Is Id per pound, and Danish Is 2d per pound, Stocks of New Zealand and Australian butter- are 2739 tons and 2859 tons, respectively, which are under the stock returns at this time last year; but the Empire Market Board's returns for "all butter" in store as on 23rd January last, were 403.247 boxes, compared with 301,312 boxes on the corresponding date of last year. North American butter prices at par are: New York, 22 cents or lid per pound; Montreal, 19 cents, or QV>d. The New Zealand Producers' Co-opera-tive Marketing Association's weekly cabled market report from London, dated 29th January, is as follows:—"Butter: Market firm. New Zealand, 09s to 102s; unsalted, 110s to 112s; Danish, 121s to 1245. Cheese: Market firm. New Zealand, white 60s to 61s; coloured, 59s to 60s"; Canadian, .white and coloured, 685."