PRICES FOR BUTTER.

New Zealand Herald, Volume LXV, Issue 19927, 21 April 1928, Page 12

PRICES FOR BUTTER.

LONDON MARKET IMPROVES. RENEWAL OF ACTIVITY. UPWARD TENDENCY REPORTED. The London butter market is reported to be active, with an upward tendency. After March 19, when London quotations ranged from 172s to 176s per cwt., and when the local retail price of butter was advanced a penny in sympathy with the sounder position, buyers commenced to hold off and values slightly declined. By the end of the week butter had fallen two shillings and cheese a shilling to 995. Butter at the end of March was quoted at 170s to 1723, and early in April was 168s to 170y. A quotation published in the Herald yesterday went as low as 165s to 1665, with cheese at 97s to 98s, but cablegrams received in the city yesterday denoted a steadier butter market with an upward tendency, and an improvement in values. While cheese is still "quiet," it continues to be quoted at 98s. Amalgamated Dairies, Limited, yesterday received the following cablegram from its London manager: —Butter: Finest, 170s; market active with an upward tendency. Danish, 1735, f.o.b. Cheese; 97s to 98s j market quiet. Dalgety and Company, Limited, received tlie following cablegram from its London house:—Butter: The market is steadier. New Zealand, finest, salted, 166s to 168s; Danish, 176s to 178s: Australian, finest, unsalted, 156s to 158s; Australian, finest, salted, 156s to 158s; Australian, Ci.A.Q., 148s to 1525. Cheese: The market is quiet. New Zealand white and coloured, 96s to 975; Canadian, white, 108s to 112s; Canadian, coloured, 104s to 108s; /Australian, white and coloured, 93s to 955; New Zealand, exceptional, 98s. Nordon and Company, Limited, received the following cablegram from its London principals, Andrew Clement and Sons, Limited:—Butter: Salted, 1665, after touching, 1645; unsalted, 166s to 168s; market has an upward tendency. Cheese: 975; market quiet. Arrivals are the Hertford and Huntingdon. Joseph Nathan and Company, Limited, has received the following cablegram from its London house, • Trembath, Nathan, Limited-Butter: 166s to 167s per cwt.: better demand. W. W. Bowker received the following cablegram from A. J. Mills and Company, Limited, London, dated April 19Butter.—The market is firm. Finest salted, 166s to 168s; first grade, 165s to 1665.; finest unsalted, 170s to 1745. We think the market has reached bottom, and that there will bo an improvement for the next few weeks. Cheese.—The market is steady. Finest white and coloured, 97s to 98s; first grade, 96s to 975,