DAIRY PRODUCE

Evening Post, Volume CXVIII, Issue 114, 10 November 1934, Page 12

DAIRY PRODUCE

BUTTER MARKET QUIETER

There was an increase 'of about 5s per cwt in the wholesale price for New Zealand butter on the London market this week but, according to the weekly report received by cable today by the New Zealand Dairy Produce Board, the market was quiet yesterday after active demand earlier in the week. Retail prices are unchanged. Wholesale quotations tare: New Zealand, salted, 76s to 775, and up to X 78s per cwt for extra fine quality (which equals approximately 8.77 d per lb, f.0.b.),; compared with. 71s to 73s last week, and 84s to BSs for the corresponding period last year; unsalted, 76s to 80s; Australian, salted, 75s to 765; Danish, spot, 124s .(market steady). The cheese market is steady, though it also was quiet, at the end of the week. Wholesale quotations are: New Zealand, white, 54s to 54s 6d per cwt (which equals approximately 5.93 d r^er lb, f.0.b.); coloured, 53s to 545; Canadian, .white and coloured, 54s to 56s;'finest English farmers', 82s to 88s.

■The board has also received the following advice from its agents in Canada: Butter, New York, 29 cents per lb; Montreal, 19% cents. ■ The minimum f.o.b. prices until further notice have been fixed at B%d per Jb (which'equals 72s 2d per cwt, c.i.f.e.) for butter, and 5 l-8d per lb (which equals 45s per cwt, c.i.f.e.) for cheese. The New Zealand Producers' Co-opera-tive Marketing Association is advised by cable from its London office today as follows: —Butter: Market quiet. New Zealand, finest 76s to 7.7s per cwt, first grade 74s to 755; Danish, 1245. New Zealand cheese: Market quiet. White 53s 6d to 545, coloured 53s to 535: 6d.'

A. S. Paterson and Co., Ltd., advise having received today cable advice from J. and J. Lonsdale and Co. (London), Ltd., as follows:—Butter: Market quiet. New Zealand, 77s per cwt; Australian, 765; Danish. 1245. Cheese: Market dull. White 54s per cwt, coloured 535. ' . ,