LONDON BUTTER PRICES.
DECLINE AT WEEK-END. DULL MARKET AT CLOSE. A. and N.Z. LONDON. Feb. 15. There was quite a boom in the butter market at the beginning of the week. The strong demand forced prices up 10s, but inquiry fell off on Thursday, and on Friday the market closed dull—about 4s below top price. The sudden advance was apparently largely due to the Continent, which took about 20,000 boxes. Germany, France and Belgium were all competing. Ireland also took a fair quantity. .Another factor was the demand from Home buyers, who had been abstaining for some time in view of large prospective supplies of New Zealand and Australian butter, but apparently they held off too long and were compelled to buy last week. WEEK'S CHANGES REVIEWED. DOWNWARD TENDENCY NOTED. [BT TELEGRAPH. —PKESS ASSOCIATION.] WELLINGTON. Monday. The New Zealand Producers' Co-oper-ative Marketing Association's weekly cabled market report from London, dated February 13, states:—Butter: During the past week, owir.g to the unexpected demand from t.hc Continent, the market has rapidly advanced from 158s to 1765, which cAr/sed severe speculation and a consequent, break in the market, 'which has now rapidly declined to 170s, with a. downward tendency. To day's quotations are: New Zealand salted 168s to 170s, unsalfced 184s to 188s; Australian, 162s to 1645; Argentine, unsalted 168s to 1745; Danish, 2225. The position is very weak. Cheese: The market is steady. New Zealand, white and coloured, 05s; Canadian, old season's, 96s to 100s; Australian, 92s to 945. NEW ZEALAND AT 170s. COMPARISON OF IMPORTS. Dalgety and Company, Limited, are in receipt of the following cablegram from their head office, London, under date February .13 -.-Butter:. Since our last cablegram prices for New Zealand salted are 6s lower, now 170s. The total imports of butter into the United Kingdom during January were 541,000cwt., compared with 425,000cwt. for the correspond ing^period^of^ast^yeair
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19250217.2.71
Bibliographic details
New Zealand Herald, Volume LXII, Issue 18945, 17 February 1925, Page 9
Word Count
309LONDON BUTTER PRICES. New Zealand Herald, Volume LXII, Issue 18945, 17 February 1925, Page 9
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in