BUTTER PRICES STEADY

New Zealand Herald, Volume LXIX, Issue 21248, 30 July 1932, Page 12

BUTTER PRICES STEADY

LITTLE CHANGE RECORDED SUMMER HOLIDAYS INTERVENE CHEESE MARKET WEAKER The London butter market this week has been influenced by the English midsummer holidays. As a result the market is generally reported as quiet, with prices steady at around last week's quotation of 106s to 107s a cwt. Easier conditions nro reported' in tho cheese market, chiefly owing to the heavy arrivals of Canadian. Prices show a reduction of approximately is to 2s a cwt. on last week's rates. A feature of the quotations this weekis the sudden weakening in Danish butter prices. Last week, owing to reports of reduced production, prices hardened to 124s landed, but rates have now declined to around 116s a cwt., a fall of nearly a penny a pound. Tho Press Association message from London states that the butter market is quiet, being affected by the bank holiday. Danish is quoted at 112s to 114s a cwt.; New Zealand, 106s; Australian, 102s to 103s; unsalted, Australian, 106s. 'lhe cheese market is also quiet. New Zealand white is quoted at 565; coloured, 555.

In the corresponding week of Juno the market was active. Danish was quoted at 102s a cwt.; choicest salted New Zealand, 98s to 100s; Australian, 96s to 98s. Chceso was in better demand. New Zealand white and coloured were quoted at 58s. A year ago tho market was very quiet, heavy European arrivals causing a fall in prices. Danish was quoted at 112s to 114s; New Zealand, 110s to 112s; Australian, 105s to 107s; white cheese, 61s to 625; coloured, 645. Merchants have received tho following cablegrams from their London houses, dated July 28:— A. S. Paterson and Company, Limited, from J. and J. Lonsdale and Company, Limited Butter: All markets idle owing to holidays. Danish demoralised; lower than before last week's increase; hopeful somo improvement next week. Quotations: —Danish, 100s f.0.b.; New Zealand, 105s to 106s; Australian, 101s to 102s. Cheese: Market weak on account of larger Canadian shipments and offers. White, 56s to 575; coloured, 54s to 555; Canadian, 56s c.i.f. Dalgety and Company, Limited, from Samuel Page and Son: —Butter: Zealand, finest salted, 105s to 106s; Danish butter, 116s to 120s; Australian finest unsalted, 105s to 107s; Australian finest salted, 100s to 102s; general average quality, 96s to 98s. Cheeso: Now Zealand, white, 55s to 565; coloured, 54s to 555; Canadian, white, 563 to 575; coloured, 55s to 565; c.i.f., 55s to 565. Both markets aro slow. Mr. L. McCartney, from ILenry A. Lane and Company, Limited:—Butter: New Zealand, 106s; Australian, 101s, to 103s; expect fairly steady market within small fluctuating limits; Danish, 97s f.o.b. Cheese: Now Zealand, white, 56s 6d; coloured, 555; do not look for any material advance; Canadian, 56s c.i.f. Mr. W. W. Bowker, from A. J. Mills and Company, Limited: —Butter: New Zealand, finest, 105s to 106s; firsts, 104s to 105s; unsalted, 108s to 110s; Danish, 118s to 120s; Australian, 102s to 103s. Tho market is slow. Cheese: New Zealand, white, 56s to 575; coloured, 55s to 565; Canadian c.i.f., 565. Tho market is steady. . Nordcn and Company., Limited, from R. and W. Davidson, Limited, Glasgow:— Butter: New Zealand salted, 105s to 106s: unsalted, 106s to 108s; equivalent to 10.96 d and 11.16 d a lb. f.0.b., respectively. The market is quiet and temporarily easier. Cheese: New Zealand, white, 565; coloured, 555, equivalent to 5.17 d and s.ofid a lb. f.o.b. respectively. Tho market is steady.