DAIRY PRODUCE MARKET

New Zealand Herald, Volume LXIX, Issue 21224, 2 July 1932, Page 7

DAIRY PRODUCE MARKET

MORE-! ACTIVE CONDITIONS.

ADVANCE OF 2s IN BUTTER.

BETTER DEMAND FOR CHEESE. Activj conditions arc reported in the London market for dairy produce this. week. Quotations for New Zealand finestbutter, -which have recovered to 100:5 a cwt., register ai advance of 2sia cwt. on last week's rates, while cheese, which is also in better demand, is Is to 2s a cwt. firmer. The advances, apparently, are at ! the expense of Continental produce, the' market for which is reported to lie * weaker. . The Press Association message from ■- London states that the butter market is .* active. Danish is quoted at 102s a cwt.; choicest salted New Zealand, 98sto 100s; -> Australian. 96s to 98s; unsalted New . Zealand, 93s to 104s; Australian, 06s to * 98s. Cheese is in better demand. New - Zealand white and coloured is quoted at ,» 58s; Australian, 565. In the last week of May the butter •< market was rnoro- active. Danish was , quoted at 1005 to 102s; choicest salted . New Zeaknd, 97s to 98s; Australian, 975; unsalted, New Zealand, 98s to 995: Aus- „ tralian, 98s. The cheese market was -> steadier. Mew Zealand white was quoted at 575; coloured, 58s; Australian, 55s to 565. Merchants have received the following _■ cablegrams from their London houses, ■; given in parer.theses, dated. June 30:— A. S. Paterson and Company, Ltd. (J. .•> and J. Lonsdale and Company, Ltd.). — Butter: Colonial market firm; Continental . marked weaken. Danish. 80s f.0.b,; New Zealand, OS's; Australian, 935. Cheese: Market firm. White, 595; coloured, 57s 6d to 58s. Dalgety and Company, Ltd. (Samuel r Page and Son). —Butter: New Zealand, finest salted, 98s to 100s; Danish, 101s « to 102s; Australian, finest unsalted, 96s " to 98s; finest salted, 96s to 98s; general _ average quality, 92s to 945. Cheese: New Zealand, white, 58.; to 595; coloured, 58s; Canadian, c.i.L, 57s to 58s. Both markets .i are firm.

|\V. W. Bov-ker (A. J. Mills and Com- ± pany, Ltd.)- —Butter: „ New Zealand, finest, 98s to 995; firsts, 97s to 98s; un-. salted, 98s to 102s; Danish, 100s to 101s; -• Australian, 96s to 98s. The market is ' firmer. Cl:;ee;>e: New Zealand, white and colouied, 58s to 595; Canadian, c.i.f., 575. - The market/ is firm.

Nc-rden and Company, Ltd. (R. and W. Davidson, Glasgow).—Butter: Halted -* and unsaltod, 98s to 100s, equivalent to ■■ 10.22 d alb, fo.b. Auckland. The market , is firm, with an upward tendency. % Cheese: White and coloured, 58s to 595, equivalent to 5.43 d a lb. f.o.b. Auckland.