COMMERCIAL.

Hawera Star, Volume XLV, 26 November 1925, Page 5

COMMERCIAL.

DAIRY PRODUCE. OUTLOOK DULLER. Messrs \Y. Wedtie 1 and Co., Ltd., have cabled the following top weekly quotations for butter and cheese during the last four weeks: —

Butter. —The market has been dull and slow ever since London received advice of the sailing of the Ruahine, the first steamer to sail from New Zealand with the new season’s butter, and foretelling the collapse of the strike. Prices declined steadily to the present level of 208 s, with dull market, but on arrival of new season’s butter, per Ruahine, a better demand with firmer market is ieported. No New Zealand butter is due to arrive between the 22nd of this month and December 17. It is, therefore, probab'e that the market will show a firming tendency up to Christmas. Should pirces advance, however, factories should not become too optimistic, as the December arrivals will be equal to the average of previous years, whilst January arrivals will show a 50 per cent, increase on last year’s figures. Cheese. —Quotations have been practically nominal, as stocks of New Zealand have been cleared. Arrivals during December-January will show a very heavy increase on last year, so that it is that prices will remain at the present high level. However, it must he remembered that a very big percentage of the cheese that * will be arriving in January has been sold at round about 107 s landed. Consequent 1 } those buyers who have heavy stocks at this figure will he doing their utmost to hold the market up. Forward. —Owing to the anticipated heavy arrivals of both butter and cheese towards the end of December and January, forward buyers show no interest, preferring to wait arrivals before filMncr their requirements. As far as New Zealand dairy produce i s concerned, the statistics point to a. weaker market, as so much as 12,000 tons of butter and 13,000 tons of cheese are due to arrive in the United Kingdom during January, a record quantity for this month.

LONDON WOOL SALES. The Farmers’ Co-op. have received advice from their London office stating that prices at the wool sales compared with the last London series of sales were : Merinos and, fine crossbreds, par to 5 per cent, up; medium and'coarse crossbreds, 5 to 7J per cent, up; good 'competition, mostly from the Continent.

Oct. Nov. Nov. Nov. 30 6 13 21 Danish butter 218/N.Z. unsalted 212/20S /- 210/N.Z. salted 208/N.Z. cheese Quiet. 118/114/-