BUTTER DECLINES

King Country Chronicle, Volume XXXI, Issue 4955, 13 February 1937, Page 4

BUTTER DECLINES

NEW ZEALAND AT 86/LONDON MARKET QUIET. Prices for New Zealand butter on the London market have fallen, choicest salted now being quoted at 86s, a drop of Is 6d over the week. /The market is quiet and buyers arej inactive. Australian also Shows a; decline, from 86s 6d to 86s, but Danish has risen by Is to 120 s. } The London quotation of 86s! per cwt. is equal to approximately 9.98 d per lb., f.0.b., New; Zealand ports, compared with the guaranteed price of 12.565 d. ' ! Cheese values have shown, an) advance. White is selling at 535, a rise of 2s on the week, and coloured; has increased by Is to 525. j _ A. S. Paterson and Company,; Limited, has received the following cablegram from J. and J. Lonsdale and Company (London), Limited'.—Butter: The market is quiet and buyers; are inactive. New Zealand, 86s; Australian, 86s. The Danish market is steady at 1235. Cheese: The market is firm. New Zealand, white and coloured, 53s 6d. ;