BUTTER MARKET FIRM

Evening Post, Volume CXVIII, Issue 35, 10 August 1934, Page 12

BUTTER MARKET FIRM

CHEESE PRICES HOLD

(By Telegraph.—Press Assn.—Copyright.) (Received August 10, 10 a.m.) LONDON, August 9. The butter market is firm. Danish, 104s per cwt; choicest salted New Zealand, 82s; Australian 775. Cheese, New Zealand, white 49s Od per cwt, coloured 46s 6d.

A. S. Paterson and Co., Ltd., have today cable advice from J. and J. Lonsdale and Co. (London), Ltd., as follows:—"Butter: Market firm New Zealand, 82s to 83s per swt; Australian, 76s to 775. Cheese: Market steady. White, 49s 6d to 50s per cwt; coloured, 46s to 46s 6d; Canadian, SOs c.i.f." .

Joseph Nathan and Company, , Ltd., have received from their principals, Trengrouse and Nathan, Ltd., London, the following cabled advice, dated. August 8: — "New Zealand butter: Firm at 825." A. J. Mills and Co., London, advise by cable prices ruling at the close of yesterday, as follows:—"Butter: The market is firm. New Zealand, finest 82s to 83s, firsts 81s, . unsalted 86s to 90s; Australian, choicest 70s to 775, first grade 75s to 765; Danish, spot 104s to 106s, f.o.b. 84s; Siberian, 70s to 71s; Baltic States, 72s to 735; Irish, 76s to 775. Cheese: The market is firm. New Xealand, white 49s to 49s 6d, coloured 465; to 46s 6d; Canadian cheese, c.i.f., white, and coloured, 4Ss to 505." , •A. H. Turnbull and Co. report that consumption of butter in the United Kingdom has been good. When the German market reopened, a spectacular rise in Danish prices occurred; New Zealand and Australian values increased but to a lesser extent. Stocks of New Zealand and Australian butter in the United Kingdom are still heavy, being 21,700 tons as against

11,700 tons last year. On the other hand the stocks held awaiting shipment from the Southern Hemisphere are light. Cable advices from W. Weddel and Co., Ltd., are to the effect that a steadily improving market for some time to come may be expected. Cheese did not" suffer the fall in price to the same extent as butter, and has remained steady throughout the month, with a firming towards the end of July. The stock position of cheese is quite sound.