BUTTER PRICES RISE

New Zealand Herald, Volume LXIX, Issue 21278, 3 September 1932, Page 11

BUTTER PRICES RISE

NEW ZEALAND AT 111s GREATER ACTIVITY SHOWN LOWER CONTINENTAL OUTPUT Favourable influences have operated in the London dairy produco market during (ho latter part of this week and prices for New Zealand have again advanced. Xew Zealand finest butter is now quoted at 110s to Ills a cwt., an advance of 2s a cwt. since last week. In some exceptional cases as high as 112s is being quoted. Danish butter has also shared in the improvement, and higher prices are expected next week. The market for cheese is also stronger. Rates for white havo risen Is a cwt. to 62s to 635, while coloured is steady with top quotations unchanged. Comparison oi Prices The Press Association messago from London states that the butter market is firm and active. Danish is quoted at 124s a cwt., and will bo dearer next week. Choicest salted New Zealand is quoted at 110s to Ills; exceptionally choice, at 112s; Australian, 102s to 104s; unsalted, New Zealand, 108s to 112s; Australian, 104s to 108s. The cheese market is firm. New Zealand, white, is quoted at 62s to 635; coloured, 57s to 58s; Australian, white, 61s; coloured, 555. In the corresponding week of August the butter market was rather easier. Danish was quoted at 108s; choicest salted, New Zealand, 106s; Australian, 101 s to 102s. The cheese market was slow. New Zealand white was quoted at 575; coloured, 565; Australian was temporarily cleared. A year ago the market was dull. Danish was quoted at 1245; choicest salted, New Zealand, 110 s to 112s; Australian, 106s to 108s. The cheeso market was quiet. New Zealand white was quoted at 61s to 625; coloured, 63s to &4s; Australian, white, 59s to 60s; coloured, 61s to 625. Reports from Merchants

Merchants have received the following cablegrams from their London houses dated September 1: A. S. Paterson and Company, from J. and J. Lonsdale and Company:—Tho butter market is firmer owing to reduced Continental production, and increased permission in Germany to purchase. Danish, 108s, f.o.b. (124s landed); New Zealand, 110s to Ills j Australian, 102s to 103s. Cheese: White, market quietly firm, 62s 6d to 635; coloured, improving, 55s to 58s. Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited:— Butter, Ills. The market is firm. Cheese: White, 635; coloured, 575. The market is firm. Dalgety and Company, Limited, from Samuel Page and Son:—Butter: New Zealand, finest salted, 109 s to Ills; Danish, 120s to 1225; Australian, finest un salted, 104s to 107s; finest salted, 101s to 104s; general average quality, 90s to 100s. The market is firm. Cheeso: New Zealand, white, 62s to 635; coloured, 57s to 58s; Canadian, white and coloured, 61s to 635; e.i.f., 61s to 625; Australian, white, 60s to 625; coloured, 55s to 565. The market is steady at present prices. Mr. L. McCartney, from Henry A. Lane and Company, Limited Butter: New Zealand, 110s to Ills. Tho market is firm. Australian, 102s to 104s; Danish, 108s, f.o.b. Cheese: White, 62s 6dj coloured, 575. The market is steady; Canadian, 62s c.i.f. Mr. W. W. Bowker, from A. J. Mills and Company, Limited:—Butter: New Zealand, finest, Ills to 112s; firsts, 109s to 110s; unsalted, 108 s to 112s; Australian, 102s to 104s. The market is firm. Cheese: New Zealand, white, 62s to 635; coloured, 57s to 58s; Canadian, while, 62s to 635; coloured, 61 s to 625; c.i.f. 4 625. Tho market is steady. Norden and Company, Limited, from R. and W. Davidson, Limited, Glasgow: —Butter: New Zealand, salted, 109s to Ills; unsalted, 106s to 109s, equivalent to 11.38 d and 11.lid a lb., f.o.b.' Auckland, respectively. Tho market is firm. Cheese: White, 62s to 635; coloured, 57s to 58s, equivalent to 5.87 d and 5.33 d a lb. f.o.b. Auckland, respectively.