COMMERCIAL.

Hawera Star, Volume XLVII, 15 June 1928, Page 3

COMMERCIAL.

REVIEW OF MARKET

The Farmers’ Co-operative Organisation Society of New Zealnad, Limited, have received the following report from their London representative, dated Mav 3rd:—

Butter.—After a very depressing market, when prices during the. week-rand weakened to 152 s for Australian, fairly heavy buying of this commodity took >!;ue in the region of 152. S to 10-ls on Tuesday, and tiie market i*s firm to-day. a/though quiet at the latter price. 'SaL's of New Zealand butter on the other hand at prices 32s to 14s in advance ot Australian have naturally been slow, and any further advance in Australian would soon improve ancl firm up the Xew Zealand market. At the moment it is very .difficult.for buyers to obtain large quantities of Xew Zealand butter at Hies to 104 s. and we think this rather speaks for itself. Danish, after weakening to 108 s f. 0.1). this morning, while Siberian clears at 152 s with a good demand for Argentine at 1 50s to 158 s. The very recent heavy 'arrivals of Australian, causing anxious sellers, has no doubt rcllocitod its weakness to some extent on New Zealand, but wo look for a further market with improved demand shortly. Cheese. —There is rather more demand in-day after a very o.uict | period. New Zealand i« quoted at 90s per ewt, Australian 02s to 03s: LONDON QUOTATIONS. The local branch of the New Zealand Loan and Mercantile Agency Company acl vises having received a cable message from London., dated June 13, giving the following quotations: Butter, choicest salted, 172 s to 17-ls. Cheese. 100 s to 102 s; market linn.