DAIRY MARKET EASIER.

New Zealand Herald, Volume LXIX, Issue 21118, 27 February 1932, Page 7

DAIRY MARKET EASIER.

SATISFACTORY CONSUMPTION WEAKER CONTINENTAL POSITION. Continental influences are still affecting n the market in London for New Zealand butter, and as. a result of the slackening of the European demand, New Zealand prices have shaded 2s a cwt. to 108s to 110s since last week. Cheese has also weakened and this week's quotations are 3s a cwt. easier. London stocks of both New Zealand and Australian butter, according to the market survey of A. S. Paterson and Company, are going into consumption in .a satisfactory manner. An indication, of the striking increase in Australian output is contained in the figures the company supplies of Australian shipments to the United Kingdom from July 1, 1931, to February 6, 1932. These totalled 2,296,630 boxes, compared with 1,461,210 boxes in the corresponding previous period, an increase of 835,420 boxes. The Press Association message from London states that the butter market is easier owing to a decreased Continental demand. Danish is quoted at 135s (last, week, 1545); choicest salted New Zealand, 108s to 110s; Australian, 104s to 106s; unsalted New Zealand, 116s; Australian. 112s. The cheese market is quiet. New Zealand white is quoted at 60s; coloured, 61s; Australian, 59s to 60s. In the corresponding week of January, the market was firm, the watermen's strike affecting deliveries. New Zealand finest was quoted at 100s to 102s; Danish, 1265; Australian, 98s to 100s. New Zealand white cheese was quoted at 625; coloured, 60s; Australian, 56s to 58s. Merchants have received the following cablegrams from their London houses, given in parentheses, dated February 25:

A. S. Paterson and Company, Limited (J. and J. Lonsdale and Company).'— Butter: The Continental market is demoralised; Danish, 1365. The London market is dull, with no Continental demand; New Zealand, 1083 to 109s; Australian, 104s to 106s. Cheese: The market is easier; white, 60s: coloured, 61s.

Dalgetv and Company. Limited (Samuel Page and Son, Limited). —Butter: New Zealand, finest salted, 108s to 110s; Australian, finest unsalted, 108s to 112s; finest salted, 104s to 106s; general average quality, 100s to 103s. Cheese: New Zealand, white, 60s to 61s; coloured, 61s to 625; Canadian white and coloured, 66s to 70s. Both markets are slow. Joseph Nathan and Company. Limited {Trengrouse and Nathan, Limited). —Butter, 108s. The market, is weak. Cheese: White, 60s; coloured, 61s. The market in quiet.

W. W. Bowker (A. J. Mills and Company, Limited). —Butter: New Zealand, finest, 108s to 109s; firsts, 107s to 108s; unsalted, 116s to 117s; Danish. 132s to 1345; Australian, 104s to 106s. The market is slow. Cheese: New Zealand, white, 60s to 61s: coloured, 61s to 625. The market is quiet. ■ Norden and Company, Limited (R. and W. Davidson, Limited, from Glasgow).— Butter: The market is weak and slowowing to the cessation of Continental buying: 107s to 109s a cwt., equivalent to 11.16 d a lb., f.0.b., Auckland. Cheese: The market is quiet. White, 60s; coloured, 61s; equivalent to 5.60 d a lb. and 5.70 d • lb., f.0.b., Auckland, respectively.